CALGARY, AB, July 2, 2025 /CNW/ - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to confirm that its Board of Directors has declared a monthly cash dividend of $0.09 per common share payable on July 31, 2025, to shareholders of record at the close of business on July 15, 2025. The monthly cash dividend is expected to be designated as an "eligible dividend" for Canadian federal and provincial income tax purposes. About InPlay Oil Corp. InPlay [Read more]
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Paramount Resources Ltd. Announces Renewal of Normal Course Issuer Bid and July Dividend
CALGARY, AB, July 2, 2025 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted the Company's notice to renew its normal course issuer bid ("NCIB") for its class A common shares ("Common Shares"). The renewal of the NCIB provides the Company with the continued flexibility to increase shareholder returns through the repurchase of Common Shares at times when management believes that the market [Read more]
Venezuela’s oil exports on the rise as more cargoes head to China
Venezuela exported some 844,000 barrels per day (bpd) of crude and fuel in June, an 8% increase from the previous month as the loss of the U.S. and European markets was offset by more cargoes sent to China, according to shipping data and documents. Washington in late May terminated a group of licenses that had authorized partners of oil company PDVSA, including Chevron and Repsol, to take Venezuelan crude bound for U.S. and European refineries. The state firm has ramped up exports to Asia [Read more]
US Senate budget bill slashes money to fill oil reserve
The budget bill passed by the U.S. Senate on Tuesday slashes the amount of money available to replenish the Strategic Petroleum Reserve even though President Donald Trump vowed on his first day in his second term to fill it "right to the top". Former President Joe Biden conducted several sales from the SPR including 180 million barrels, the most ever, after Russia invaded Ukraine. The sales left the SPR at its lowest level in 40 years, when the U.S. was far more dependent on oil [Read more]
US LNG exports fall in June due to plant maintenance
U.S. liquefied natural gas exports fell to their second lowest monthly level for the year in June, as maintenance work at some of the country's largest export facilities hurt output, according to preliminary data from financial firm LSEG. The United States, the world's top exporter of LNG, sold 8.4 million metric tons of the superchilled gas during the month, down from 8.9 MT in May and well below April's record of 9.3 MT, LSEG data showed. The reduction in LNG exports was primarily due to [Read more]
Trump says US will fill oil reserves when market conditions are right
U.S. President Donald Trump said on Tuesday that he plans to fill up the U.S. strategic petroleum reserve when the market conditions are right. (Reporting by Trevor Hunnicutt) [Read more]
YPF turnover ruling in US casts shadow on Argentina’s shale, FX plans
A dramatic ruling by a U.S. court ordering Argentina to hand over the 51% stake it holds in state energy firm YPF has cast a shadow over the country's plans for its huge Vaca Muerta shale formation and hopes to return to global markets. U.S. District Judge Loretta Preska said on Monday that Argentina must transfer its YPF shares within 14 days to partially satisfy an earlier $16.1 billion court judgment against the country over its 2012 nationalization of the firm. The government of [Read more]
Fluor Celebrates LNG Canada’s First Cargo Export
Milestone Positions Canada as Major Exporter of Liquefied Natural Gas IRVING, Texas & CALGARY, Alberta--(BUSINESS WIRE)--#FluorBuildsABetterWorld--Fluor Corporation (NYSE: FLR) announced today that LNG Canada has successfully shipped the first liquefied natural gas (LNG) export cargo from its newly-constructed facility located in the traditional territory of the Haisla Nation in Kitimat, British Columbia, Canada. Since 2018, Fluor, and its joint venture partner, JGC Corporation, have [Read more]
Q&A-Is Venezuela about to lose Citgo, its most prized foreign asset?
A U.S. court has completed a second bidding round in a auction of shares in the parent of Venezuela-owned Citgo Petroleum after at least three consortia submitted revised bids in June, raising creditors' hopes of receiving payment for some of Venezuela's outstanding debt. The court-organized auction for the seventh-largest U.S. refiner stems from an eight-year-old case that Canadian miner Crystallex initiated in Delaware against Venezuela. The federal court found Citgo's parent, PDV Holding, [Read more]
Kazakhstan’s oil output returns to growth in June, matching record-high
Oil output in Kazakhstan, one of the world's 10 biggest producing countries, returned to growth last month and matched an all-time high, as the Chevron-led Tengiz field ramped up, a source familiar with the data told Reuters on Tuesday. Kazakhstan has persistently exceeded quotas set by OPEC+, which groups the Organization of the Petroleum Exporting Countries and other producers led by Russia. Its overproduction has angered some of the group's members, sources have told Reuters, and has [Read more]
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