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China receives first Arctic LNG 2 cargo ahead of Putin’s visit, data shows

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China received this week its first liquefied natural gas cargo from a sanctioned Russian project, ship-tracking data from Kpler and LSEG showed, days ahead of Russian President Vladimir Putin's meeting with Chinese President Xi Jinping. Putin is among more than 20 world leaders, including Indian Prime Minister Narendra Modi, who will attend the Shanghai Cooperation Organisation summit in China's northern port city of Tianjin on Sunday and Monday, where he is expected to meet Xi to revive [Read more]

Canada’s Strathcona seeks to raise MEG Energy stake, opposes Cenovus bid

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Canadian oil and gas producer Strathcona Resources said on Thursday it intends to buy an additional 5% stake in rival MEG Energy and vote against the acquisition of MEG by another rival, Cenovus Energy. Cenovus agreed in August to acquire MEG in a C$7.9 billion ($5.72 billion) cash-and-stock deal after MEG's board rejected Strathcona's lower C$6 billion takeover bid in June. MEG has set October 9 for a shareholder vote on its proposed deal, which its board has approved but needs support [Read more]

Strathcona Resources Ltd. Announces Intention to Purchase Additional Common Shares of MEG Energy Corp.

CALGARY, AB, Aug. 28, 2025 /PRNewswire/ - Strathcona Resources Ltd. ("Strathcona") announced today that it intends, subject to market conditions, to purchase an additional 5% of the outstanding common shares (the "MEG Shares") of MEG Energy Corp. ("MEG") in accordance with applicable securities laws and the Offer (as defined below).   Strathcona currently owns 23.4 million MEG Shares, representing approximately 9.2% of the issued and outstanding MEG Shares. Under applicable Canadian [Read more]

Petrus Resources Announces Monthly Activity Update

CALGARY, Alberta, Aug. 28, 2025 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company's website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. FOR FURTHER INFORMATION PLEASE CONTACT: Ken [Read more]

US energy data agency, after staff cuts, delays reports on uranium, international outlook

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The U.S. government's energy statistics arm, which has experienced staff cuts this year, said on Thursday it will delay publishing key energy data on uranium as well as its international outlook this year. The Energy Information Administration said its annual uranium marketing report that had been scheduled to come out in June will be published in September, while its International Energy Outlook may not be published until January, an agency spokesperson told Reuters. The EIA did not [Read more]

Fiddlehead Resources Corp. announces Q2 2025 financial results

CALGARY, AB, Aug. 28, 2025 /CNW/ - Fiddlehead Resources Corp. ("Fiddlehead," or the "Company") (TSXV: FHR), is pleased to announce the filing of its unaudited financial and operating results for the three and six months ended June 30, 2025.  Selected financial and operating information should be read in conjunction with Fiddlehead's unaudited interim financial statements and related management's discussion and analysis ("MD&A") for the three and six months ended June 30, 2025 and 2024 ("2025 [Read more]

Trump’s options to ease Russia sanctions limited compared to Europe’s

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U.S. President Donald Trump could quickly lift some sanctions on Russia as a reward to Moscow if peace talks with Ukraine go well, but only Europe can take the bigger steps needed to significantly ease Russia’s cash crunch. Trump in recent days has renewed a threat to impose more sanctions and tariffs on Russia and buyers of its oil if there is no progress toward a peaceful settlement in the 3-1/2-year-long war in Ukraine. But if talks go well, he could begin to lift some of the punitive [Read more]

Industry-Wide Closure Spend Requirements for 2026

Bulletin 2025-27 Industry-Wide Closure Spend Requirements for 2026 PDF:   View Bulletin Release Date: August 26, 2025   Under the Government of Alberta’s Liability Management Framework(opens in new window), the AER’s Inventory Reduction Program (described in Directive 088: Licensee Life-Cycle Management) includes setting an annual industry-wide closure spend requirement. We review the closure spend amount each year and adjust it based on several [Read more]

Venezuela tensions rise as US warships arrive in Southern Caribbean

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Tensions between the United States and Venezuela are rising amid a large U.S. naval buildup in the Southern Caribbean and nearby waters, which U.S. officials say aims to address threats from Latin American drug cartels. U.S. President Donald Trump has made cracking down on drug cartels a central goal of his administration, part of a wider effort to limit migration and secure the U.S. southern border. While U.S. Coast Guard and Navy ships regularly operate in the Southern Caribbean, this buildup [Read more]