News

Tehran would restore shipping through the Strait of Hormuz to pre-war levels within a month in a framework deal with the U.S. to also include withdrawing U.S. forces from Iran's vicinity, Iranian state television reported on Wednesday. The report said the U.S. would end a naval blockade of Iranian shipping, citing a memorandum of understanding being negotiated between the two sides to end the war which has choked global energy supplies through the strategic waterway. Iranian state TV said it [Read more]

Iran's state TV said Tehran had obtained a draft of an initial, unofficial framework for a memorandum of understanding with the United States on ending their conflict. Under the framework, Iran would restore commercial shipping through the Strait of Hormuz to pre-war levels within a month, while the United States would withdraw military forces from Iran's vicinity and lift a naval blockade. State TV said the framework, which excludes military vessels and envisages Iran managing ship [Read more]

Overview Spoke Resources Ltd. (“Spoke”) has received approval from the Alberta Utilities Commission (“AUC”) for the development of 9.9-Megawatt and 2.5-Megawatt gas generation projects within its operated natural gas areas in Northern Alberta, located near Valhalla and Rycroft. Spoke operates multiple natural gas assets suitable for powering digital infrastructure and behind-the-fence power generation applications in Alberta. These assets utilize methane-rich, dry sweet gas to generate [Read more]

As expectations around infrastructure accountability rise, the Canadian energy industry is being pushed to rethink how risk is defined, validated, and shared. GDM offers operators the tools to eliminate the gap and quantify financial consequences (production loss, cleanup, reclamation, and repair costs) directly within their risk scoring framework with Risk Manager. Across the energy industry, the pressure on infrastructure decision-making has changed, and risk is the common catalyst. While [Read more]

Three months since the Iran war began, persistently high oil prices have policymakers grappling with renewed inflation fears, while sliding currencies are a headache for some Asian countries. But the conflict has boosted other assets, especially oil, and the dollar's credentials as a safe-haven. Here's a look at some stand-out winners and losers. OIL'S WIDER IMPACT Oil's roughly 40% jump has upended the outlook for inflation and interest rates. On the physical market, crude prices [Read more]