CALGARY, AB, Sept. 2, 2025 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on September 29, 2025 to shareholders of record on September 15, 2025. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. ABOUT PARAMOUNT Paramount is an independent, publicly traded, liquids-rich natural gas focused [Read more]
News
Obsidian Energy Completes Partial Redemption of $30 Million of Our Outstanding Senior Unsecured Notes
Calgary, Alberta--(Newsfile Corp. - September 2, 2025) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") today announced that we completed the previously announced redemption of $30 million aggregate principal of our 11.95 percent Senior Unsecured Notes due July 27, 2027 (the "Notes") on August 29, 2025, on a pro rata basis, as set forth in the notice of partial redemption issued August 18, 2025. Payment of the redemption price and [Read more]
Putin says Russia doesn’t oppose Ukraine joining the EU
Russian President Vladimir Putin said on Tuesday that Moscow had never opposed Ukraine's potential membership of the European Union, and that he thought it was possible to find a consensus on ensuring the security of both Russia and Ukraine. U.S. President Donald Trump said after his summit with Putin in Alaska last month that he thinks Putin is "tired" of the war in Ukraine but that it remains to be seen if peace can be secured to end Europe's deadliest conflict since World War [Read more]
West hits ‘peak sanctions’ on Russia’s energy sector: Bousso
The complex web of Western sanctions targeting Russia’s oil and gas industry has failed to impede Moscow’s energy flows or its war effort, suggesting that time and overuse are blunting the force of U.S. and European financial weapons. Economic warfare by Western powers has expanded dramatically over the past decade, with the number of international sanctions surging almost 450% since 2017, according to LSEG Risk Intelligence. This includes both primary sanctions, which bar most activities [Read more]
Gazprom, CNPC sign agreement to increase gas supplies to China, RIA reports
Russia's Gazprom and China National Petroleum Corporation signed an agreement to increase annual gas supplies to China via the Power of Siberia pipeline as well as via the Far Eastern Route, Russia's RIA agency reported on Tuesday. Reuters reported last month that China was seeking to buy more Russian gas through an existing pipeline as talks between the two countries have failed to make progress on building a second link. The agreements were signed during Russian President Vladimir [Read more]
Oil rises as Russia-Ukraine tensions stoke supply concerns
Oil prices rose on Tuesday as concerns about supply disruptions grew amid an escalation of the conflict between Russia and Ukraine. Brent crude added 40 cents, or 0.59%, to $68.55 a barrel by 0149 GMT, while U.S. West Texas Intermediate crude was at $65.06 a barrel, up $1.05, or 1.64%. WTI futures did not settle on Monday due to the Labor Day holiday in the U.S. Recent Ukrainian drone attacks shut down facilities accounting for at least 17% of Russia's oil processing capacity, or 1.1 [Read more]
AltaGas announces intention to redeem all outstanding Series A and Series B Preferred Shares
CALGARY, AB, Aug. 29, 2025 /CNW/ - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA.PR.A) (TSX: ALA.PR.B) announces its intention to redeem all of its 6,746,679 issued and outstanding Cumulative Redeemable 5-Year Rate Reset Preferred Shares, Series A (the "Series A Shares") and all of its 1,253,321 issued and outstanding Cumulative Redeemable Floating Rate Preferred Shares, Series B (the "Series B Shares" and, together with the Series A Shares, the "Preferred Shares") in accordance with the [Read more]
Caspian Pipeline Consortium says two out of three Black Sea oil moorings are operating
Caspian Pipeline Consortium (CPC), which handles about 1.5% of global oil, said on Monday it had brought one of its Black Sea mooring points back into operation after maintenance, following an accident last week at another loading point. CPC, which mainly carries oil from Kazakhstan, said mooring points SPM 1 and SPM 3 were currently operating. The latter had been on maintenance since August 15. The consortium said last Friday it had suspended operations at the other berth, SPM 2, [Read more]
Guyana votes for leader amid debate about oil riches
Guyanese voters will head to the polls on Monday to choose members of parliament and a president who will determine how riches from the South American country's hydrocarbon boom will be spent. The country of 800,000 people has earned some $7.5 billion in revenue from oil sales and royalties since ExxonMobil started pumping offshore oil in late 2019, making Guyana one of the world's fastest-growing economies. President Irfaan Ali, in office since 2020, is seeking re-election at the helm of [Read more]
Indian oil minister denies country is profiteering from Russian imports
India is not "profiteering" from Russian oil imports and its purchases have stabilised markets while keeping prices from rising to as much as $200 a barrel, Hardeep Singh Puri, country's oil minister, said in the Hindu newspaper on Monday. The U.S. has targeted India for its Russian oil purchases, with President Donald Trump imposing tariffs on Indian exports to the U.S. to discourage the country's crude buying. Treasury Secretary Scott Bessent accused India of profiteering by importing [Read more]
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