The United States has had internal discussions on using Russian nuclear-powered icebreaker vessels to support the development of gas and LNG projects in Alaska as one of the possible deals to aim for when President Donald Trump meets Vladimir Putin on Friday, three sources familiar with the matter told Reuters. Trump landed in Alaska on Friday for what he called a "high stakes" summit with Russia's Putin to discuss a ceasefire deal for Ukraine and end the deadliest war in Europe since World [Read more]
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Russian energy export disruptions since start of Ukraine war
When U.S. President Donald Trump meets Russian President Vladimir Putin on Friday, one of his bargaining chips to encourage Putin to make progress toward a ceasefire in Ukraine will be to ease U.S. sanctions on Russia's energy industry and exports. Trump has also threatened tougher sanctions if there is no progress. Here is how sanctions have impacted Russian energy exports since the start of the conflict. NATURAL GAS AND LNG Russia was the top supplier of natural gas to Europe [Read more]
US oil and gas rig count holds steady this week, Baker Hughes says
U.S. energy firms this week held the number of oil and natural gas rigs operating steady, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, remained at 539 in the week to August 15. Baker Hughes said oil rigs rose by one to 412 this week, while gas rigs fell by one to 122. In Texas, the biggest oil and gas-producing state, the rig count fell by one to 242, the lowest since September 2021. In [Read more]
Asian spot LNG prices ease as markets eye Trump-Putin meeting
Asian spot liquefied natural gas (LNG) prices declined this week on soft demand and strong storage inventories and as markets awaited the outcome of a meeting between U.S. President Donald Trump and Russian leader Vladimir Putin later today. The average LNG price for September delivery into north-east Asia was at $11.65 per million British thermal units (mmBtu), down from $11.90/mmBtu last week, industry sources estimated. The contract for October delivery was estimated at [Read more]
Obsidian Energy Completes Offer to Purchase $1.4 Million of Our Outstanding Senior Unsecured Notes
Calgary, Alberta--(Newsfile Corp. - August 15, 2025) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") today announced completion of our previously announced offer (the "Offer") to purchase for cash, up to an aggregate amount of $48.4 million of our outstanding 11.95 percent Senior Unsecured Notes due July 27, 2027 (the "Notes"). The Offer expired on August 12, 2025, and was made on the terms and subject to the conditions set forth in [Read more]
Surge Energy Inc. confirms September 2025 dividend
CALGARY, AB, Aug. 15, 2025 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on September 15, 2025, in respect of August 2025 production, for the shareholders of record on August 31, 2025, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow [Read more]
Tamarack Valley Energy Announces Monthly Dividend Declaration
CALGARY, AB, Aug. 15, 2025 /CNW/ - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) is pleased to announce the declaration of its monthly dividend. Dividend Declaration Tamarack's Board of Directors has declared a monthly cash dividend on its common shares ("Common Shares") of C$0.01275 per share in accordance with the Company's dividend policy. The dividend will be payable on September 15, 2025, to shareholders of record at the close of business on August [Read more]
Here is how Russia’s war in Ukraine has shaped global markets
World markets are watching closely as U.S. President Donald Trump and Russia's Vladimir Putin meet in Alaska later on Friday to seal a possible ceasefire agreement in Ukraine. This was a conflict that sparked an energy shock, sent food prices soaring, battered European assets and cut Russia's economy off from much of the Western world. Details and the longevity of any agreement will be key. "The big issue will be, of course, that even if we get a ceasefire, how sustainable is that?," [Read more]
Bonterra Energy Announces Second Quarter 2025 Financial Results and Operations Update
The Company Achieves Record Production, Reduces Net Debt and Raises Production Guidance with Lower Capital CALGARY, AB, Aug. 14, 2025 /CNW/ - Bonterra Energy Corp. (TSX: BNE) ("Bonterra" or the "Company") is pleased to announce its financial and operating results for the three and six months ended June 30, 2025. The related unaudited condensed financial statements and notes for the second quarter, as well as management's discussion and analysis ("MD&A"), are available on SEDAR+ [Read more]
Expand Energy ousts CFO Mohit Singh
Expand Energy said on Thursday Mohit Singh, its chief financial officer since 2021, has left the natural gas producer, effective August 13. Singh departed due to a termination without cause and will pursue other interests, the company said. Expand Energy and Singh did not immediately respond to requests for comment. Insider Brittany Raiford has been appointed as interim CFO, the company said. Last month, the natural gas producer reported a second-quarter profit, compared with a [Read more]
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