Russia struck the central Ukrainian city of Kremenchuk overnight, leaving a thick column of smoke hovering over the city in an attack that the local mayor called a sign that Russian President Vladimir Putin does not want peace. The bombardment on that city as well as other locations in Ukraine was Russia's largest so far in August, according to the Ukrainian air force. It followed Donald Trump's meeting with Ukrainian President Volodymyr Zelenskiy and European leaders in Washington on Monday [Read more]
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Indonesia plans quick-to-build oil refineries for US crude, doubts persist
Indonesia plans to build a network of small modular refineries to process U.S. and domestic oil, aiming to reduce gasoline imports, but analysts warn the switch in strategy from large-scale refining facilities could prove uneconomical. The prefabricated refinery units, which can be constructed faster and more cheaply than traditional plants, will help Asia's largest importer of gasoline meet domestic demand and its commitment to increase U.S. imports. Indonesia's focus on small refineries [Read more]
Oil edges lower as market ponders potential Russia-Ukraine peace talks
Oil prices slipped in early Asian trade on Tuesday as market participants contemplated planned three-way talks among Russia, Ukraine and the U.S. to end the war in Ukraine, which could lead to an end to sanctions on Russian crude. Brent crude futures fell 7 cents, or 0.11%, to $66.53 a barrel by 0000 GMT. U.S. West Texas Intermediate crude futures for September delivery, set to expire on Wednesday, fell 6 cents, or 0.09%, to $63.36 per barrel. The more active October WTI contract was down [Read more]
Obsidian Energy Announces Notice of Partial Redemption for $30 Million of Our Outstanding Senior Unsecured Notes
Calgary, Alberta--(Newsfile Corp. - August 18, 2025) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") today announced that we issued a notice to holders of our 11.95 percent Senior Unsecured Notes due July 27, 2027 (the "Notes") of our election to redeem, on a pro rata basis, $30.0 million of the $110.8 million aggregate principal amount of the Notes currently outstanding (the "Redemption Notice"). "The Company's strong balance sheet [Read more]
Gibson Energy Announces $375 Million Senior Unsecured Note Offering Due 2032
All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta, Aug. 18, 2025 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (TSX:GEI) (“Gibson” or the “Company”) announced today that it has agreed to issue $375 million of 4.45% senior unsecured notes due August 20, 2032 (the “Notes”). The offering is expected to close on August 20, 2025, subject to customary closing conditions. Gibson intends to apply the net proceeds from the offering toward the repayment of outstanding [Read more]
Raisa Energy puts $1.5 billion of US oil and gas assets up for sale, sources say
Private investment firm Raisa Energy is selling a package of oil and gas wells across numerous U.S. shale basins that may fetch around $1.5 billion, people familiar with the matter said. The sale, which is in its early stages, is not guaranteed and the final price could fluctuate depending on market conditions and other factors, these sources said, asking not to be named because the process is confidential. TPH, the energy-focused investment banking arm of boutique advisor Perella Weinberg [Read more]
Indigenous leaders on Trans Mountain lessons as Building Canada Act moves forward
OTTAWA - Two former Indigenous leaders on both sides of the debate over the Trans Mountain pipeline expansion say the federal government can't ignore First Nations on future infrastructure projects it seeks to approve. Their comments come as Prime Minister Mark Carney aims to fast-track major projects, such as pipelines and mines, through his government's newly adopted "Building Canada Act." Following years of delays and legal challenges, the expanded Trans Mountain pipeline, known as TMX, [Read more]
Gas demand at two of the top US LNG plants declines
Two of the United States' largest liquefied natural gas export plants recorded major declines in demand for natural gas on Monday, suggesting parts of their facilities might be down, according to data from financial firm LSEG. Cheniere's Sabine Pass export facility in Texas, which utilizes up to 4.5 billion cubic feet of natural gas per day, was down to 3.7 bcf, and Sempra's Cameron LNG plant in Louisiana, which processes 2 bcfd, was down to 1.3 bcf, according to LSEG data. Cheniere [Read more]
Clearview announces sale transaction
CALGARY, AB, Aug. 18, 2025 /CNW/ - Clearview Resources Ltd. ("Clearview" or the "Company") is pleased to announce that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with a publicly traded oil and gas company (the "Purchaser") pursuant to which the Purchaser has agreed to acquire all of the issued and outstanding common shares of Clearview ("Clearview Shares") for aggregate cash consideration of approximately $24.0 million, plus or minus an amount, if any, [Read more]
Barter is back in Russia as one Chinese company seeks to navigate settlement issues
In Russia, barter is back for the first time since the chaos of the 1990s as settlement problems resulting from the conflict in Ukraine have forced at least one Chinese company to seek steel and aluminium alloys in exchange for engines. In the economic and political chaos which followed the 1991 collapse of the Soviet Union, spiralling inflation and chronic shortages of funds forced enterprises across the land to agree to payment in kind. Barter, though, sowed even more chaos through the [Read more]
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