The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures narrowed on Thursday. WCS for September delivery in Hardisty, Alberta, settled at $11.75 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $11.80 a barrel on Wednesday. * The differential between Canadian heavy crude and the U.S. benchmark has trended generally wider this month. The completion of maintenance projects at Canadian oil sands sites has [Read more]
News
Whitecap Resources Inc. confirms monthly dividend for August 2025 of $0.0608 per share
CALGARY, AB, Aug. 14, 2025 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.0608 per common share in respect of August operations will be paid on September 15, 2025 to shareholders of record on August 31, 2025. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). About Whitecap Whitecap is a leading Canadian company focused on the development of oil and natural gas plays in the Western Canadian Sedimentary [Read more]
Montney Production Data Review Reveals Surprising Trends – StackDX Intel
The Montney Formation is the dominant formation for Canadian oil and gas production outside of the oilsands. The data below dives into the production trends, showing how the Montney keeps Canadian energy going. Using StackDX Intel's new "Plays" feature, let's take a look at some interesting trends that can be observed in industry-wide Montney production data: Total Montney production (Figure 1) continues its upward trend over time, and is the dominant non-oilsands play in Canada from a [Read more]
Aramco signs $11 billion Jafurah midstream deal with international consortium led by Global Infrastructure Partners
Jafurah Midstream Gas Company secures significant foreign direct investment, together with agreement to lease and leaseback development and usage rights for Aramco's Jafurah midstream assets Aramco to receive upfront proceeds of $11 billion on completion, highlighting the value creation potential of its ongoing capital investment program Transaction to support optimization of Aramco's assets, reflecting positive outlook for gas demand in the Kingdom of Saudi Arabia DHAHRAN, Saudi [Read more]
Previously announced Vermilion Saskatchewan asset sale goes to 2 different buyers – StackDX Intel
A little over a month ago, Vermilion confirmed the closing of its Saskatchewan asset sale. The following data and analysis uses only public data, and comes from our public data platforms StackDX Intel and StackDX Maps. Click here for more details on the StackDX suite of software solutions for oil & gas data, including client testimonials and case studies. While the press release did not mention who the buyers were, StackDX Intel subscribers can see that there were in fact two [Read more]
Mexico’s Sheinbaum says former Pemex CEO arrested in US, to be deported
Mexican President Claudia Sheinbaum said on Thursday that Carlos Trevino, former CEO of state oil company Pemex, had been arrested in the United States and would be deported to stand trial in Mexico for corruption charges. Trevino served as CEO of Pemex from 2017 to 2018, stepping down after former President Andres Manuel Lopez Obrador took office. Speaking at her daily press conference, Sheinbaum said Trevino would face prosecution for alleged acts of corruption during his [Read more]
Trump thinks Putin is ready to make a deal
President Donald Trump said on Thursday that he believes Russian President Vladimir Putin will make a deal, and that the threat of sanctions against Russia likely played a role in Moscow seeking a meeting. Trump is scheduled to meet with Putin in Alaska on Friday. The U.S. president said he is unsure whether an immediate ceasefire can be achieved but expressed interest in brokering a peace agreement. "He's, he really, I believe now, he's convinced that he's going to make a deal, he's going [Read more]
Angola seeks gas growth as oil output flatlines despite OPEC exit
Optimistic over Angola’s untapped gas potential, Azule Energy is considering another gas exploration well after leading the country’s first drilling campaign targeting gas and hitting success last month, the CEO told Reuters. Angola expects gas production to rise more than 20% in the next five years as it targets higher exports to Europe and Asia and to meet growing domestic demand, while its oil output stagnates despite the country exiting OPEC. Sub-Saharan Africa's second-largest crude [Read more]
Hot U.S. inflation data rattles global bond markets
U.S. stagflation fears seeped into global markets on Thursday after surprisingly hot inflation data applied heavy pressure to U.S. Treasuries and sparked selling of government bonds everywhere from Germany to Japan. Wall Street stocks took a hit too, with futures contracts tracking the domestically-focused Russell 2000 share index, which dropped 1.2% in the minutes after official data revealed an unexpectedly large jump in U.S. producer prices. The producer prices index, which investors [Read more]
PHX Energy Receives TSX Approval for Renewal of Normal Course Issuer Bid
CALGARY, Alberta, Aug. 13, 2025 (GLOBE NEWSWIRE) -- PHX Energy Services Corp. ("PHX Energy" or the "Corporation") (TSX: PHX) today announced that the Toronto Stock Exchange ("TSX") has accepted PHX Energy's notice of intention to renew its normal course issuer bid for a further one-year term (the "NCIB"). The previous NCIB expires on August 15, 2025. Pursuant to the Corporation's previous NCIB, as at August 5, 2025 the Corporation has purchased in the open market through the facilities of the [Read more]
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