CALGARY, Alberta--(BUSINESS WIRE)--(TSE: IMO, NYSE American: IMO) John Whelan, chairman, president and chief executive officer, and Peter Shaw, vice-president, investor relations, Imperial Oil Limited, will host a 2025 Second Quarter Earnings Call on Friday, August 1, following the company’s second quarter earnings release that morning. The event begins at 9 a.m. MT and will be accessible by webcast. During the call, Mr. Whelan will offer brief remarks prior to taking questions from [Read more]
News
FTC reverses order barring John Hess from Chevron board
The U.S. Federal Trade Commission on Thursday reversed a previous order that had barred Hess Corp CEO John Hess from the board of directors at Chevron as a condition of the oil giant's pending $53 billion acquisition of his company. ExxonMobil and Hess are locked in an arbitration case, with a ruling related to a major oilfield project in Guyana set to determine whether Chevron can move forward with its planned acquisition of Hess. Chevron struck a deal to acquire smaller U.S. oil producer [Read more]
Discount on Western Canada Select widens
The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures settled Thursday at its widest since March. WCS for August delivery in Hardisty, Alberta, settled at $11 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $10.95 a barrel on Wednesday. * The differential between Canadian heavy crude and the U.S. benchmark is the widest it's been in four months — about $2 a barrel wider than it was in June. This is due to the [Read more]
MEG Energy Announces Second Quarter of 2025 Results and Conference Call
CALGARY, AB, July 17, 2025 /CNW/ - Results Release: Thursday, July 31, 2025 after market close Conference Call Details: Friday, August 1, 2025 8:30am ET / 6:30am MT Dial-in Numbers: Toll Free: 1.800.715.9871 International: 1.647.932.3411 Replay: For those unable to dial-in to the conference call, an archived version will be available by 2:00pm ET / 12:00pm MT on Friday, August 1, 2025 at: [Read more]
Oilfield service group says relief from counter-tariffs on U.S. sand ‘fantastic news’
CALGARY - The federal government is offering Canadian oil and gas drillers counter-tariff reprieve on the vast amounts of sand they import from the United States. The sand is used in the hydraulic fracturing — or fracking — process to help free resources trapped in hard-to-access shale formations deep underground. It's among the imported U.S. goods on which Canada has imposed a surcharge in retaliation for President Donald Trump's flurry of tariffs. Sand from Wisconsin meets [Read more]
Petrobras may redirect oil to Asia due to US tariff on Brazil, CEO says
Brazilian state-run oil firm Petrobras may redirect the oil it sells to the United States, sending more to Asia and Pacific markets due to higher tariffs the U.S. announced on Brazil, its chief executive told Reuters on Thursday. Although oil and gas exports make up a hefty share of Brazil's exports to the United States, Petrobras CEO Magda Chambriard said it is not an essential market for the firm. "It is not much that we export (to the U.S.). In general, we are not very worried," she said [Read more]
Upgrades at Port of Churchill spark ambitions for nation-building Arctic exports
‘Churchill presents huge opportunities when it comes to mining, agriculture and energy’ By Will Gibson In August 2024, a shipment of zinc concentrate departed from the Port of Churchill — marking the port’s first export of critical minerals in over two decades. Photo courtesy Arctic Gateway Group When flooding in northern Manitoba washed out the rail line connecting the Town of Churchill to the rest of the country in May 2017, it cast serious questions about the future of the community of 900 [Read more]
Freeport LNG export plant in Texas on track to return to full power, LSEG data shows
U.S. liquefied natural gas company Freeport LNG's export plant in Texas was on track to take in more natural gas on Thursday, two days after one of the plant's three liquefaction trains shut, according to a company filing with state regulators and gas flow data from financial firm LSEG. Freeport told Texas environmental regulators on Wednesday that the plant had an emissions event after liquefaction train 2 shut Tuesday night due to an issue with a compressor system. Officials at Freeport [Read more]
Oil up as demand expectations, economic data lift sentiment
Oil prices rose on Thursday, reversing declines in the previous three sessions, buoyed by stronger-than-expected economic data from the world's top oil consumers and signs of easing trade tensions. Brent crude futures rose 24 cents, or 0.35%, to $68.76 a barrel at 0457 GMT. U.S. West Texas Intermediate crude futures were up 33 cents, or 0.5%, at $66.71. Both benchmarks fell more than 0.2% in the previous session. U.S. President Donald Trump has said letters notifying smaller countries of [Read more]
Saturn Oil & Gas Inc. Announces Results of Substantial Issuer Bid
Calgary, Alberta--(Newsfile Corp. - July 16, 2025) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) ("Saturn" or the "Company"), a light oil-weighted producer focused on unlocking value through the development of our assets in Saskatchewan and Alberta, today announces the final results of our previously announced substantial issuer bid, which expired on July 16, 2025 (the "Offer"). In accordance with the terms and conditions of the Offer and based on the final report by Odyssey Trust [Read more]
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