Argentina has filed notice that it is appealing a U.S. court ruling that ordered the country to give up the 51% stake it holds in state energy company YPF, according to a court filing from Thursday. The notice, filed in the U.S. District Court in the southern district of New York, appeals a decision by Judge Loretta Preska requiring Argentina to hand over the shares to partially satisfy a $16.1 billion court judgment over the 2012 state takeover of YPF. The case centers on Argentina's seizure [Read more]
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US natgas prices climb 3% on small storage build, rising LNG export flows
U.S. natural gas futures climbed on Thursday on a smaller-than-expected storage build, rising gas flows to liquefied natural gas export plants and forecasts for hotter-than-normal weather over the next two weeks than previously expected. Front-month gas futures for August delivery on the New York Mercantile Exchange rose 10.3 cents, or 3.2%, to $3.317 per million British thermal units at 10:36 a.m. EDT (1436 GMT). On Wednesday, the contract closed at its lowest price since May 28. The [Read more]
Mach Natural Resources LP Announces Transformative Acquisitions in the Permian Basin and San Juan Basin
OKLAHOMA CITY--(BUSINESS WIRE)--Mach Natural Resources LP (NYSE: MNR) (“Mach” or the “Company”) today announced it has entered into two separate definitive agreements: one to acquire certain oil and gas assets from Sabinal Energy, LLC (“Sabinal”), and another to acquire entities owning oil and gas assets managed by IKAV Energy Inc (collectively “IKAV San Juan”). The combined consideration for both transactions is approximately $1.3 billion, subject to customary terms, conditions, and closing [Read more]
Obsidian Energy Announces Second Half 2025 Capital Program and Guidance
Development capital expenditures of $110 to $120 million resulting in 28 net operated wells drilled Infrastructure projects are underway in Open Creek and Nampa fields allowing for future growth Intend to initiate ~$10 million Canadian Exchange Offer to Acquire Obsidian Energy Common Shares for Common Shares of InPlay Oil Corp. Calgary, Alberta--(Newsfile Corp. - July 10, 2025) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") [Read more]
Trump’s flip-flop on emergency oil reserves has its merits: Bousso
(Repeats to additional subscribers; no changes) *Trump budget sharply reduces planned spending of SPR purchases *Emergency stocks at 56% of capacity *Trump has vowed to fill storage 'right to the top' By Ron Bousso LONDON, July 10 - U.S. President Donald Trump's signature budget bill slashed funding for refilling U.S. emergency oil reserves, violating his previous vow to fill them "right to the top". This about-face raises the question of whether the U.S. still needs the Strategic [Read more]
Oil slips as Trump’s tariffs cloud demand outlook
Oil prices eased on Thursday as the latest tariff announcements by U.S. President Donald Trump were perceived by market participants as a threat to global economic growth, however signs of strong U.S. gasoline demand limited losses. Brent crude futures were down 3 cents at $70.16 a barrel by 0401 GMT. U.S. West Texas Intermediate crude lost 6 cents to $68.32 a barrel. On the demand side, macro uncertainty has led to a more cautious buying environment, particularly in Asia, said analytics [Read more]
Blacksteel Energy Inc. Announces Further Amendment to Agreement for the Sale of Girouxville Assets
Calgary, Alberta--(Newsfile Corp. - July 9, 2025) - Blacksteel Energy Inc. ("Blacksteel" or the "Corporation") is pleased to announce that further to its press releases dated March 3, 2025, May 9, 2025 and June 10, 2025 outlining the sale by the Corporation and its 100% subsidiary Drakkar Energy Ltd. of all of its oil producing assets in the Girouxville Area to Perthro (Canada) Inc. (the "Proposed Transaction"), the parties have agreed to a third amending agreement dated July 9, 2025 (the "Third [Read more]
New Canadian government launches review of federal regulations – Carney says it’s time to make government processes more effective
Despite fears from many Canadians that the new Carney government would follow down the same path as the anti-business Trudeau government, so far that has not been the case. The initial steps being taken by Mark Carney and his government appear to appeal to those closer to the center, where most Canadians likely consider themselves, and less to the far left Trudeau fringe of the population. Case in point today's announcement that the Canadian government will be taking a hard look at the [Read more]
Discount on Western Canada Select narrows
The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures narrowed on Wednesday. WCS for August delivery in Hardisty, Alberta, was trading at $10.15 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared to $10.25 a barrel on Tuesday. * The WCS discount is wider than it was last month, when concerns about wildfires in Canada's oil-producing regions led to a temporary tightening. Alberta's crude oil output dropped to a [Read more]
Vermilion Energy Inc. Announces TSX Approval for Renewal of Normal Course Issuer Bid and Confirms Q2 2025 Release Date and Conference Call Details
CALGARY, AB, July 9, 2025 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", or the "Company") (TSX: VET) (NYSE: VET) is pleased to announce that the Toronto Stock Exchange ("TSX") has approved the notice of Vermilion's intention to commence a normal course issuer bid ("NCIB") through the facilities of the TSX, New York Stock Exchange and other alternative trading platforms in Canada and the United States. The NCIB allows Vermilion to purchase up to 15,259,187 common shares, [Read more]
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