ZUG, Switzerland and CALGARY, AB, July 23, 2025 /CNW/ - BASF Intertrade AG ("BASF") and AltaGas Ltd. ("AltaGas") (TSX: ALA) have signed a long-term commercial agreement for supply of butane via AltaGas and Royal Vopak's ("Vopak") (XAMS: VPK) Ridley Island Energy Export Facility ("REEF") commencing in 2027. REEF is a large-scale, open access liquefied petroleum gas and bulk liquids terminal with comprehensive rail and marine infrastructure currently under construction on Ridley Island, British [Read more]
News
Trump says Japan, US to form LNG joint venture
U.S. President Donald Trump said on Tuesday that Japan will form a joint venture to develop a liquefied natural gas project in Alaska though a Japanese government official said he was not aware of such plans. It was not immediately clear whether Trump was referring specifically to the proposed $44 billion Alaska LNG project. That project would consist of an 800-mile (1,300-km) pipeline carrying gas to a planned liquefaction plant for export. Trump's announcement of the venture came in [Read more]
Equinor Q2 core profit down 13% on weaker oil price
Equinor's second-quarter profit fell as expected by 13% from a year earlier, its earnings report showed on Wednesday, as declining oil prices outweighed a rise in the price of gas. The Norwegian energy group's adjusted earnings before tax for April-June fell to $6.54 billion from $7.48 billion a year earlier, in line with the $6.53 billion predicted in a poll of 21 analysts compiled by the company. Equinor maintained a projection that its oil and gas output will grow by 4% this year [Read more]
US energy chief says sanctioning Russian oil to end Ukraine war a possibility
U.S. Energy Secretary Chris Wright said on Fox News on Tuesday that sanctioning Russian oil to end the Ukraine war is a "very real possibility." President Donald Trump said this month that Washington could put 100% tariffs on buyers of Russian oil and impose other sanctions if Moscow does not agree to a major peace agreement with Ukraine, a deadline that ends in early September. "It is huge pressure on Russia," Wright said in an interview on Fox News' "Special Report with Bret [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. 22 Oil & Gas - Receptionist Roska DBO Fort St John Jul. 22 FRACTURING OPERATOR – (HNT) Trican Well Service Ltd. Hinton Jul. 22 COILED TUBING [Read more]
ConocoPhillips nears sale of Oklahoma assets to Stone Ridge Energy, sources say
U.S. oil and gas producer ConocoPhillips is in advanced talks to sell assets in Oklahoma to privately owned Stone Ridge Energy for around $1.3 billion, three people familiar with the matter told Reuters on Tuesday. Oklahoma City-based Flywheel Energy, a private oil and gas company backed by Stone Ridge Energy, will operate the assets on its backer's behalf, one of the sources said. The sources cautioned that no deal is guaranteed and talks could still end without an agreement. They also spoke [Read more]
Western Energy Services Corp. releases second quarter 2025 financial and operating results
CALGARY, AB, July 22, 2025 /CNW/ - Western Energy Services Corp. ("Western" or the "Company") (TSX: WRG) announces the release of its second quarter 2025 financial and operating results. Additional information relating to the Company, including the Company's financial statements and management's discussion and analysis ("MD&A") as at June 30, 2025 and for the three and six months ended June 30, 2025 and 2024 will be available on SEDAR+ at www.sedarplus.ca. Non-International Financial [Read more]
Prices jump 22% in biggest US power grid energy auction
Prices out of an annual energy auction held by PJM Interconnection, the largest grid operator in the U.S., cleared at $329.17 a megawatt-day, 22% higher than last year's record-high levels, according to results released by the organization on Tuesday. A recent surge in U.S. power consumption driven by Big Tech's data center demand has butted up against roughly a decade of shrinking power supplies in PJM, leading to a supply shortfall that has driven prices in the capacity auction to new [Read more]
Suncor Energy to release second quarter 2025 financial results
Calgary, Alberta--(Newsfile Corp. - July 22, 2025) - Suncor Energy (TSX: SU) (NYSE: SU) will release its second quarter financial results on August 5, 2025 before 5:00 p.m. MT (7:00 p.m. ET). A webcast to review the second quarter will be held on August 6, 2025 at 7:30 a.m. MT (9:30 a.m. ET). Representing management will be Rich Kruger, President and Chief Executive Officer and Kris Smith, Chief Financial Officer. A question and answer period with analysts will follow brief remarks from [Read more]
EQT beats second-quarter profit estimates on higher natgas prices, sales volumes
U.S.-based energy company EQT Corp beat Wall Street estimates for second-quarter adjusted profit on Tuesday, benefiting from stronger natural gas prices and sales volumes, sending its shares up 1.2% in extended trading. Higher natural gas prices through 2025 than last year have supported production levels, according to the U.S. Energy Information Administration (EIA). The energy sector has been benefiting from a rise in demand for natural gas, helped by LNG exports and increasing power [Read more]
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