Leading investors back breakthrough platform that accelerates contaminated site closure through real-time intelligence and advanced analytics Saskatoon, SK / Calgary, AB – Aug 6, 2025 – LiORA, the intelligent site management technology company, today announced the successful closing of its $5.1 million seed funding round. The oversubscribed round was led by Conexus Credit Union Venture Fund 2 and the BDC Capital’s Sustainability Venture Fund, with strategic participation from PIC Investment [Read more]
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Tourmaline announces renewal of normal course issuer bid
CALGARY, AB, Aug. 6, 2025 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that the Toronto Stock Exchange (the "TSX") has approved the renewal of Tourmaline's normal course issuer bid (the "NCIB"). The NCIB allows Tourmaline to purchase up to 19,342,343 common shares (representing 5% of its issued and outstanding common shares as of July 31, 2025) over a period of twelve months commencing on August 8, 2025. The NCIB will expire on [Read more]
Oil rebounds on Trump threats on Russian crude buyers
Oil prices climbed on Wednesday, rebounding from a five-week low in the previous day, on concerns of supply disruptions after U.S. President Donald Trump's threats of tariffs on India over its Russian crude purchases. Brent crude futures gained 43 cents, or 0.6%, to $68.07 a barrel by 0330 GMT, while U.S. West Texas Intermediate crude was up 40 cents, or 0.6%, at $65.56 a barrel. "There's still plenty of uncertainty over the U.S. imposing secondary tariffs on buyers of Russian oil... [Read more]
Rubellite Energy Corp. reports record production and adjusted funds flow per share in second quarter 2025 financial and operating results
CALGARY, AB, Aug. 5, 2025 /CNW/ - (TSX: RBY) - Rubellite Energy Corp. ("Rubellite" or the "Company"), is pleased to report its second quarter 2025 financial and operating results and provide an operations and guidance update. Select financial and operational information is outlined below and should be read in conjunction with Rubellite's unaudited condensed consolidated interim financial statements and related Management's Discussion and Analysis ("MD&A") for the three and six months [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 Tuesday. WCS for September delivery in Hardisty, Alberta, settled at $11.75 a barrel under the U.S. benchmark WTI, according to brokers, compared with $11.70 a barrel on Friday. Markets in Canada were closed on Monday for Civic Holiday. * The differential between Canadian heavy crude and the U.S. benchmark is the widest it has been since March. This is due to the return of more [Read more]
New oil and gas jobs from BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Jul. 31 Apprentice Electrician Strike Group Regina Jul. 31 Journeyperson Electrician Strike Group Regina Jul. 31 QA/QC Lead - Electrical Strike Group All [Read more]
Three years into war, US and Europe keep billions in trade with Russia
Three years after Russian President Vladimir Putin launched his full-scale invasion of Ukraine, the United States and European Union still import billions of euros worth of Russian energy and commodities, ranging from liquefied natural gas to enriched uranium. India this week lashed out at what it called Western double standards, after facing renewed threats from U.S. President Donald Trump over its surging purchases of Russian crude oil. Here are the main commercial ties that the U.S., Europe, [Read more]
Suncor Energy tops second-quarter profit estimates on higher production
Canadian oil producer Suncor Energy exceeded analysts' second-quarter profit expectations on Tuesday, as higher output helped offset the impact of weak commodity prices. Even as volatility in oil prices drives the broader energy industry into a downturn, Canada's oil sands sector remains resilient. Canadian producers are benefiting from the expansion of the Trans Mountain pipeline, which increased capacity to 890,000 barrels per day. Suncor's upstream quarterly production rose to 808,100 [Read more]
Suncor Energy reports second quarter 2025 results
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and derived from the company's condensed consolidated financial statements which are based on Canadian generally accepted accounting principles (GAAP), specifically International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), and are prepared in accordance with International Accounting Standard (IAS) 34 Interim Financial Reporting. Production [Read more]
Suncor Energy declares dividend
All financial figures are in Canadian dollars. Calgary, Alberta--(Newsfile Corp. - August 5, 2025) - Suncor Energy's (TSX: SU) (NYSE: SU) Board of Directors has approved a quarterly dividend of $0.57 per share on its common shares, payable September 25, 2025 to shareholders of record at the close of business on September 4, 2025. Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development, production and upgrading; offshore oil production; [Read more]
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