Calgary, Alberta--(Newsfile Corp. - July 15, 2025) - Lotus Creek Exploration Inc. ("Lotus Creek" or the "Company") (TSXV: LTC) is pleased to provide an operations update and announce a new Corporate Presentation has been posted to the website. OPERATIONS UPDATE Wilson Creek, Central Alberta Lotus Creek is pleased to announce that Savanna's 689 drilling rig has arrived in Wilson Creek to commence drilling its inaugural Belly River capital program. During the first quarter of 2025, the [Read more]
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Westgate Energy provides operational and and capital markets updates
CALGARY, AB, July 15, 2025 /CNW/ - Westgate Energy Inc. ("Westgate" or the "Company") (TSXV: WGT), is pleased to provide an operational update following the drilling of its three-well program in the Beaverdam area of Alberta. Drilling Results The company has completed drilling of its previously announced three well program as of June 30, 2025. This involved constructing a new multi-well pad, drilling a stratigraphic test well, and drilling three horizontal wells that targeted [Read more]
Markets call Trump’s bluff on Russian oil sanctions in increasingly risky game: Bousso
(The opinions expressed here are those of the author, a columnist for Reuters.) *Oil markets discount risk of Trump hitting Russia with secondary sanctions *Russia produces nearly 10% of global oil, is the third largest exporter *Secondary sanctions could lead to severe energy price shock, inflation By Ron Bousso LONDON, July 15 - U.S. President Donald Trump's threat to choke off Russia’s oil revenue via secondary sanctions would deal a hammer blow to Moscow's finances, but [Read more]
Surge Energy Inc. confirms August 2025 dividend
CALGARY, AB, July 15, 2025 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on August 15, 2025, in respect of July 2025 production, for the shareholders of record on July 31, 2025, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The [Read more]
Trump joins tech and energy executives amid AI push
President Donald Trump will join executives from some of the largest U.S. tech and energy companies for a summit in Pittsburgh on Tuesday as the administration prepares fresh measures to power the U.S. expansion of artificial intelligence. Top economic rivals U.S. and China are locked in a technological arms race over who can dominate AI as the technology takes on increasing importance everywhere from corporate boardrooms to the battlefield. The Energy and Innovation Summit at Carnegie [Read more]
Tamarack Valley Energy Announces Monthly Dividend Declaration
CALGARY, AB, July 15, 2025 /CNW/ - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) is pleased to announce the declaration of its monthly dividend. Dividend Declaration Tamarack's Board of Directors has declared a monthly cash dividend on its common shares ("Common Shares") of C$0.01275 per share in accordance with the Company's dividend policy. The dividend will be payable on August 15, 2025, to shareholders of record at the close of business on July 31, [Read more]
Russia does not care about Trump’s ‘theatrical ultimatum’, senior official says
Russia does not care about U.S. President Donald Trump's "theatrical ultimatum" about slapping sanctions on buyers of Russian exports unless Moscow agrees to a peace deal in Ukraine, a senior security official said on Tuesday. Trump, sitting beside NATO Secretary General Mark Rutte in the Oval Office, on Monday, announced new weapons for Ukraine and threatened secondary tariffs of 100% on the buyers of Russian exports, of which crude makes up a major chunk. The U.S. president also [Read more]
Kazakhstan hikes oil output by 11.6% in first half, no plans to quit OPEC+
Kazakhstan's oil output in the first half of 2025 rose by around 11.6% to 49.9 million metric tons from the same period in 2024, while the country has no plans to leave the OPEC+ group of global leading oil producers, senior officials said on Tuesday. The Central Asian republic has persistently exceeded quotas set by OPEC+, which groups the Organization of the Petroleum Exporting Countries and other producers led by Russia, angering some bloc's members, according to the industry [Read more]
Tamarack Valley Energy Announces Offering and Pricing of $325MM, Five-Year Senior Unsecured Notes due in 2030 and Partial Redemption of its Existing $300MM Unsecured Notes due in 2027
TSX: TVE CALGARY, AB, July 14, 2025 /CNW/ - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) is pleased to announce that it has entered into an underwriting agreement to sell, on a private placement basis (the "Offering"), $325MM aggregate principal amount of 6.875% senior unsecured notes due July 25, 2030 (the "2030 Notes"). The 2030 Notes will be issued at par under a trust indenture and will be general unsecured obligations of Tamarack ranking pari passu with all of the [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 August delivery in Hardisty, Alberta, settled at $10.40 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $10.20 a barrel on Friday. * The differential between Canadian heavy crude and the U.S. benchmark has been wider in July than it was last month, when concerns about wildfires in Canada's oil-producing regions led to a temporary [Read more]
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