Thousands of metres below its vast coal basins, China is tapping an unconventional fuel source in a multi-billion-dollar effort to unleash new supplies of natural gas and further Beijing's goal for energy independence. State energy giant PetroChina's experts forecast the company could produce 30 billion cubic metres (1.06 trillion cubic feet) of coal rock gas by 2035, topping last year's record shale gas output, which made up 10% of the country's production. The push to develop coal rock [Read more]
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Headwater Exploration Inc. announces results of annual shareholder meeting
CALGARY, AB, May 20, 2026 /CNW/ - Headwater Exploration Inc. ("Headwater") (TSX: HWX) is pleased to announce that each of the nominees listed in Headwater's management information circular dated April 2, 2026 were elected as directors of Headwater at its annual meeting of shareholders (the "Meeting") held today, May 20, 2026. In addition, all other matters considered at the Meeting were approved by Headwater's shareholders. On a vote by ballot, each of the following nine nominees [Read more]
Bonterra Energy Corp. Announces Approval of All Resolutions at Annual Meeting of Shareholders and Voting Results
CALGARY, Alberta, May 20, 2026 (GLOBE NEWSWIRE) -- Bonterra Energy Corp. (TSX: BNE; OTCID: BNEFF) (“Bonterra” or the “Company”), a Calgary based oil and gas producer, announced that at its annual meeting of shareholders held on May 20, 2026, a total of 12,995,745 shares, representing 35.53% of common shares outstanding, were represented in person or by proxy. Shareholders approved all resolutions listed in the management information circular dated April 1, 2026, including the election of each of [Read more]
Whitecap Resources Inc. receives TSX approval for renewed normal course issuer bid
CALGARY, AB, May 20, 2026 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted Whitecap's notice of intention to commence a normal course issuer bid (the "NCIB"). The NCIB allows Whitecap to purchase up to 120,706,244 common shares (representing 10% of Whitecap's public float, as defined by the TSX, as of May 11, 2026) over a period of twelve months commencing on May 25, 2026. On May 11, 2026, Whitecap had [Read more]
Tuktu Resources Ltd. Announces First Quarter 2026 Results
Calgary, Alberta--(Newsfile Corp. - May 20, 2026) - Tuktu Resources Ltd. (TSXV: TUK) ("Tuktu" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2026. Selected financial and operating information should be read in conjunction with Tuktu's unaudited interim condensed financial statements and related management's discussion and analysis ("MD&A") for the three months ended March 31, 2026, copies of which are available on the [Read more]
US oil and gas auction for New Mexico leases draws record $4 billion in bids
A Trump administration sale of oil and gas drilling rights on federal lands in New Mexico and Texas generated $4 billion in winning bids, the Interior Department said on Wednesday. The sale's total obliterated that of previous onshore government oil and gas auctions at a time when the Iran war has cut global supplies and raised demand for U.S. crude oil. The previous record total for a Bureau of Land Management oil and gas lease sale was $972 million in 2018, according to trade group Western [Read more]
US draws down record volumes of crude oil from stocks, EIA says
The United States withdrew 17.8 million barrels of crude oil from its inventories, the highest on record, the Energy Information Administration said on Wednesday, as the Iran war has cut global supplies and raised demand for U.S. crude and products. The country's stock of oil fell to 819.2 million barrels as of May 15, the lowest in 11 months, data showed. Commercial stocks drew down by about 7.86 million barrels, while the country's strategic stockpile eased by a record 9.9 million [Read more]
Why Asia needs more Canadian oil, not just natural gas
Growing demand for heavy oil and LNG strengthens the case for more West Coast exports By Grady Semmens on May 20, 2026, 10:09 am MDT An oil tanker anchored outside the Westridge Marine Terminal in the Port of Vancouver, at the end of the Trans Mountain pipeline. CP Images photo Growing global demand for secure, reliable energy is creating a major opportunity for Canada, according to experts who say Asia’s growing needs underscore the case for more export capacity on the West [Read more]
New UAE pipeline bypassing Hormuz now 50% complete, ADNOC CEO says
A new crude oil pipeline that bypasses the Strait of Hormuz and which the United Arab Emirates began building last year is now 50% complete, the CEO of state oil giant ADNOC, Sultan Al Jaber, said on Wednesday. Iran has largely kept the waterway critical for global oil and gas supplies shut to all ships apart from its own since the U.S.-Israeli strikes in February, sending energy prices and inflation surging, fanning fears of an economic downturn. The Abu Dhabi Media Office publicly revealed [Read more]
US crude and gasoline inventories fell last week on strong demand, EIA says
U.S. crude and gasoline stockpiles fell last week as demand remained elevated, while distillate inventories were up, the Energy Information Administration said on Wednesday. Crude inventories fell by 7.9 million barrels to 445 million barrels in the week ended May 15, the EIA said, compared with analysts' expectations in a Reuters poll for a 2.9 million-barrel draw. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 1.6 million barrels in the week, the EIA said, while crude oil [Read more]
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