ARLINGTON, Va.--(BUSINESS WIRE)--Today, Venture Global, Inc. (NYSE: VG) announced the execution of a new 20-year Sales and Purchase Agreement (SPA) with PETRONAS LNG Ltd. (PLL), a subsidiary of the Malaysian state-owned oil and gas company, PETRONAS. Under the terms of the SPA, PETRONAS will purchase 1 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from Venture Global’s third facility, CP2 LNG, for 20 years. This builds upon Venture Global’s existing agreement with PETRONAS for 1 [Read more]
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Pine Cliff Energy Ltd. Declares Monthly Dividend for July 31, 2025
Calgary, Alberta--(Newsfile Corp. - July 3, 2025) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") has declared a regular monthly dividend of $0.00125 per common share to be paid July 31, 2025, to shareholders of record on July 15, 2025. This dividend and future dividends are expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice. About Pine Cliff Pine Cliff is a natural gas and crude oil company with a [Read more]
Highwood Asset Management Ltd. announces expanded credit facility to $140 million, operational and guidance update and commencement of 2H2025 drilling program
CALGARY, AB, July 3, 2025 /CNW/ - Credit Facility Update Highwood Asset Management Ltd. ("Highwood" or the "Company") (TSXV: HAM) is pleased to announce that the annual borrowing base redetermination of the Company's credit facility has been completed. As a result of another successful drilling program that delivered significant PDP reserves growth, the borrowing base has been increased from $120 million to $140 million, comprised of a $10 million operating facility and $130 [Read more]
Weekly Word Wandering: Impressive fuel-cell tech from auto powerhouses; the shocking scale of tradespeople shortages; and China’s wild energy consumption path
Interesting articles of the Week Cool energy tech is cool energy tech, no matter what it is: Honda and Toyota (and a few others, but these in particular) have been soldiering on in the development of hydrogen-fuelled fuel-cell vehicles despite naysayers and governmental insistence that battery power is the way to go (for e.g., the government of Canada has dumped tens of billions into EV-battery facilities and almost none into fuel-cell production, despite the fact that China (and 20 other [Read more]
Parex Resources Announces Production Update and Timing of Q2 2025 Results
CALGARY, Alberta, July 03, 2025 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) announces a production update and plan to release its Q2 2025 financial and operating results on July 30, 2025. Q2 2025 Production Update(1)(2) Estimated Q2 2025 average production was 42,550 boe/d. June 2025 average production was approximately 43,950 boe/d; production growth was supported by previously disclosed positive exploration results and the successful startup of the [Read more]
Trican to Acquire Complementary Private Completions Services Company and Announces 10% Increase to Base Dividend
Calgary, Alberta--(Newsfile Corp. - July 3, 2025) - Trican Well Service Ltd. (TSX: TCW) ("Trican") is pleased to announce that it has entered into an agreement to acquire all of the issued and outstanding shares of Iron Horse Energy Services ("Iron Horse") for approximately $77.35 million in cash and approximately 33.76 million common shares of Trican (the "Acquisition"). Iron Horse is a privately owned fracturing and coiled tubing services provider operating primarily in the Cardium, Charlie [Read more]
Tidewater Midstream and Infrastructure Ltd. announces agreement to sell Sylvan Lake Gas Processing Facility to Parallax Energy Operating Inc.
(TSX: TWM) CALGARY, AB, July 3, 2025 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX: TWM) is pleased to announce that it has entered into a definitive agreement with Parallax Energy Operating Inc. ("Parallax") for the sale of its Sylvan Lake gas plant and associated gas gathering infrastructure (collectively, the "Sylvan Lake Gas Processing Facility") for total proceeds of approximately $5.5 million, subject to customary adjustments (the [Read more]
Strathcona Resources Ltd. Confirms Closing of Sale of Montney Business and Provides Update on MEG Strategic Alternatives Process
CALGARY, AB, July 2, 2025 /CNW/ - Strathcona Resources Ltd. ("Strathcona" or the "Company") (TSX: SCR) is pleased to confirm the closing of its previously announced Montney asset sales, for total value of approximately $2.86 billion including closing adjustments(1). The sale of its Groundbirch asset closed on June 1, 2025, and the sale of its Kakwa and Grande Prairie assets closed today. Strathcona is now a pure-play heavy oil company producing approximately 120 Mbbls / d (100% [Read more]
NuVista Energy Ltd. Announces Updated Annual Production Guidance Due to Third Party Midstream Delays
CALGARY, Alberta, July 02, 2025 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. (TSX:NVA, "NVA" or "NuVista") is providing revised guidance to our annual production volumes and reiterating our commitment to our shareholder return strategy. Due to continued delays in commissioning the Pipestone Gas Plant (“Pipestone Plant”) and additional required work discovered during a gas plant turnaround in the greater Wapiti area (“Wapiti Turnaround”), we now anticipate annual volumes to average approximately [Read more]
Exxon, QatarEnergy JV asks US regulators for permission to re-export LNG from October 1
Golden Pass LNG, which is owned by Exxon Mobil and QatarEnergy, has asked U.S. regulators for permission to re-export liquefied natural gas from October 1, as the export plant nears production after previous delays. The company said it wants to re-export a cargo of LNG that it plans to import to cool down its export plant in Texas, which is still under construction. Cooling down the plant is often the final step before producing LNG. Golden Pass is building an 18 million metric tons per [Read more]
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