Calgary, AB – The Pad Electrification era in the Canadian Energy sector has arrived. Operators now have the ability to electrify all of their surface equipment including shacks, lighting, wireline units, pumps, sand delivery systems, frack shacks, glycol heaters, boilers, datavans, and any other service that traditionally runs off diesel. The savings on diesel, trucking, generator rentals and maintenance are significant. It also lowers the Operator’s carbon footprint as well as emissions. The [Read more]
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Lotus Creek Exploration Inc. Announces Stock Option Grant
Calgary, Alberta--(Newsfile Corp. - August 11, 2025) - Lotus Creek Exploration Inc. (TSXV: LTC) ("Lotus Creek" or the "Company") announces that pursuant to the terms and conditions of the Company's stock option plan, the Lotus Creek Board of Directors has approved the grant of 224,000 stock options to Mitchell Harris associated with his appointment to Vice President, Finance and Chief Financial Officer, effective August 6, 2025. The stock options expire 30 business days following the date of [Read more]
Texas businessmen indicted for allegedly bribing officials at Mexico’s Pemex
Two Texas businessmen were indicted for allegedly bribing officials at Mexico's state energy company Pemex with $150,000 and luxury items to secure contracts, the U.S. Justice Department announced on Monday. Between 2019 and 2021, Ramon Rovirosa and Mario Avila, both Mexican citizens and U.S. lawful permanent residents, conspired to pay bribes to officials at Pemex and its exploration and production arm, known as PEP, according to an indictment unsealed in the Southern District of [Read more]
Discount on Western Canada Select widens
The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures widened on Monday. WCS for September delivery in Hardisty, Alberta, settled at $12.25 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $12.10 a barrel on Friday. * The differential between Canadian heavy crude and the U.S. benchmark has trended wider recently, a typical seasonal pattern as the end of the summer driving and road construction season [Read more]
Cardinal Energy Ltd. Announces Monthly Dividend for August
Calgary, Alberta--(Newsfile Corp. - August 11, 2025) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our August dividend of $0.06 per common share will be paid on September 15, 2025 to shareholders of record on August 29, 2025. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. Cardinal is a Canadian oil and [Read more]
NextDecade secures $3 billion funding from TotalEnergies, GIP for Rio Grande LNG project
U.S. liquefied natural gas developer NextDecade said on Monday it will receive up to $3 billion in equity commitments from TotalEnergies and Global Infrastructure Partners (GIP) to finance the fourth liquefaction train at its Rio Grande LNG export project in Texas. TotalEnergies will contribute about $300 million for a 10% stake in the Train 4 joint venture, while a GIP affiliate will invest up to $1.5 billion for a 50% interest, which will fall to 30% once certain return thresholds are [Read more]
ATB Financial to Acquire Independent Investment Bank Cormark Securities Inc.
Expands ATB Capital Markets' capabilities and service offering, increasing coverage for its clients EDMONTON, AB, Aug. 11, 2025 /CNW/ - ATB Financial, the largest financial institution headquartered in Western Canada, announced today that they have entered into an agreement to acquire all of the outstanding shares of Cormark Securities Inc. ("Cormark"), a strong Canadian independent investment bank with offices in Toronto and Calgary. Founded in 1981, Cormark is an established [Read more]
Malaysia’s Petronas to boost international portfolio to 60% over next decade
Malaysia's state energy firm Petronas plans to raise the share of its international portfolio to 60% of its total business over the next decade, it said on Monday. The firm will build on its current international portfolio, which now accounts for around 40% to 50% of its investments, by integrating its domestic expertise with global partnerships, it said in a fact sheet shared with Reuters. In a volatile market, Petronas is upgrading its upstream operation portfolio to focus on [Read more]
The airline industry’s dirty secret: Clean jet fuel failures
In 2019, Scott Kirby, the chief executive of United Airlines, hailed its new contract with green jet fuel producer World Energy as an example for the aviation industry to follow in its drive to cut emissions. Six years later, that collaboration is dead. Boston-based World Energy was one of the first companies in the world to produce commercial quantities of sustainable aviation fuel (SAF), a type of renewable fuel made from sources such as used cooking oil, agricultural residues and other [Read more]
International Petroleum Corporation Announces Results of Normal Course Issuer Bid
TORONTO, Aug. 11, 2025 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 98,900 IPC common shares (ISIN: CA46016U1084) during the period of August 4 to 8, 2025 under IPC’s normal course issuer bid / share repurchase program (NCIB). IPC’s NCIB, announced on December 3, 2024, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission [Read more]
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