CALGARY, Alberta, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three and six months ended June 30, 2025. Q2 2025 HIGHLIGHTS: Production – Production for the second quarter of 2025 averaged 9,155 boe/d(1), up 3% from 8,929 boe/d in the previous quarter of 2025, as five (2.0 net) wells were brought on production late in the quarter. Average liquids weighting for the second [Read more]
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Vermilion Energy Inc. Announces Results for the Three and Six Months Ended June 30, 2025
CALGARY, AB, Aug. 7, 2025 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX: VET) (NYSE: VET) is pleased to report operating and condensed financial results for the three and six months ended June 30, 2025. The unaudited interim financial statements and management discussion and analysis for the three and six months ended June 30, 2025 will be available on the System for Electronic Document Analysis and Retrieval Plus ("SEDAR+") [Read more]
Strathcona Resources Ltd. Reports Second Quarter 2025 Financial and Operating Results, and Announces Quarterly Dividend
CALGARY, AB, Aug. 7, 2025 /CNW/ - Strathcona Resources Ltd. ("Strathcona" or the "Company") (TSX: SCR) today reported its second quarter 2025 financial and operating results. The Board of Directors also declared a quarterly dividend of $0.30 per common share. During the three months ended June 30, 2025 the Company entered into three separate asset purchase and sale agreements to dispose of its Montney assets, the results from which have been presented in the Company's interim financial [Read more]
Obsidian Energy Announces Closing of Sale of Common Share Position in InPlay Oil Corp.
Calgary, Alberta--(Newsfile Corp. - August 7, 2025) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy" or the "Company") is pleased to announce that the previously announced disposition of the Company's common share position in InPlay Oil Corp. ("InPlay"), consisting of 9,139,784 InPlay common shares ("InPlay Shares") and representing approximately 32.70% of the issued and outstanding InPlay Shares, to Delek Group Ltd. (the "Purchaser") for $10.00 per InPlay Share for an [Read more]
InPlay Oil Corp. Announces Closing of Delek Group Ltd.'s Acquisition of InPlay Common Shares
CALGARY, AB, Aug. 7, 2025 /CNW/ - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") announces that Delek Group Ltd. ("Delek") has closed the previously announced acquisition of all 9,139,784 common shares in the capital of InPlay previously held by Obsidian Energy Ltd. ("Obsidian") (the "Transaction"). Further details regarding the Transaction can be found in InPlay's press release dated August 4, 2025. In connection with closing of the Transaction, InPlay has [Read more]
US crude exports hit four-year low in July on low domestic supplies
U.S. crude oil exports eased in July to the lowest levels in nearly four years on low domestic supplies and as Asian and European buyers found cheaper alternatives, undermining U.S. President Donald Trump's push for more foreign countries to purchase U.S. energy supplies. The decline in exports from the top global producer underscores the extent to which oil flows are dictated by price and the economics of shipping, even as the Trump administration recently has pushed countries to commit to more [Read more]
Ontario seeks proposals for feasibility study on cross-Canada energy corridor
The Ontario government on Thursday issued a request for proposals for a feasibility study to explore the best way to establish a new economic and energy corridor in the state. The proposed corridor includes new Alberta-to-Ontario pipelines, which would transport Western Canadian oil and gas to refineries in southern Ontario and to tidewater ports such as a new deep-sea port on the coast of James Bay. The study will also assess the feasibility of port developments on James Bay, Hudson Bay and [Read more]
Trump may look like he’s winning the trade war, but hurdles remain
At a glance, U.S. President Donald Trump appears to be winning the trade war he unleashed after returning to the White House in January, bending major trading partners to his will, imposing double-digit tariff rates on nearly all imports, narrowing the trade deficit, and raking in tens of billions of dollars a month in much-needed cash for federal government coffers. Significant hurdles remain, however, including whether U.S. trading partners will make good on investment and goods-purchase [Read more]
Canadian Natural tops profit estimates as output rise offsets crude price dip
Canadian Natural Resources surpassed expectations for second-quarter profit on Thursday, as a rise in oil and natural gas production helped offset a decline in crude prices. Oil producers in the country have been benefiting from the commencement of operations at the expanded Trans Mountain pipeline (TMX) that has nearly tripled the flow of oil to Canada's Pacific Coast from the landlocked Alberta. Canadian Natural, the country's largest oil and gas producer, said its total output rose to [Read more]
ConocoPhillips to sell Anadarko assets for $1.3 bln; profit beats estimates
ConocoPhillips will sell its Anadarko Basin assets for $1.3 billion, the energy producer said on Thursday, after beating Wall Street estimates for second-quarter profit. Shares of the company rose nearly 2% in premarket trade. The asset sale, expected to close at the beginning of the fourth quarter, pushes ConocoPhillips past its $2 billion non-core asset disposition target ahead of schedule. In April, Reuters reported ConocoPhillips was exploring the sale of its Oklahoma oil-and-gas [Read more]
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