The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures narrowed on Tuesday. WCS for July delivery in Hardisty, Alberta, settled at $9.15 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $9.20 a barrel in Monday's trade. * Canadian heavy crude has been trading at a tight discount in recent months in part due to the opening of the Trans Mountain pipeline expansion one year ago, which boosted the country's oil [Read more]
News
CES Energy Solutions Corp. announces voting results of the election of Directors
CALGARY, AB, June 17, 2025 /CNW/ - CES Energy Solutions Corp. ("CES" or the "Company") (TSX: CEU) (OTC: CESDF) is pleased to announce the results of the matters to be voted on at the annual general and special meeting of shareholders held on June 17, 2025 (the "Meeting"). Based on the proxies received and on a ballot conducted at the Meeting, the following individuals, being the seven nominees listed in the management information circular of the Company dated May 8, 2025 (the "Circular"), were [Read more]
ARC Resources Ltd. Announces the Closing of its Offering of Senior Unsecured Notes
CALGARY, AB, June 17, 2025 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") announced today it has closed its offering of C$1.0 billion aggregate principal amount of senior unsecured notes (the "Offering"), consisting of C$550 million aggregate principal amount of 3.577% Senior Unsecured Notes, Series 3 due 2028 (the "Series 3 Notes") and C$450 million aggregate principal amount of 4.409% Senior Unsecured Notes, Series 4 due 2032 (the "Series 4 Notes", together with the [Read more]
Keyera Announces $1.8 Billion Bought-Deal Offering of Subscription Receipts
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ CALGARY, AB, June 17, 2025 /CNW/ - Keyera Corp. ("Keyera" or the "Company") (TSX: KEY) today announced that it has entered into an agreement with a syndicate of underwriters (the "Underwriters") led by RBC Capital Markets, together with CIBC Capital Markets, National Bank Financial Inc., Scotiabank and TD Securities Inc. as joint bookrunners under which the Underwriters have agreed to purchase, on a [Read more]
Plains All American Executes Definitive Agreements for $3.75 Billion Sale of NGL Business to Keyera
HOUSTON, June 17, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) (collectively, “Plains”) announced today that it has executed definitive agreements with Keyera Corp. (TSX: KEY) (“Keyera”) pursuant to which Plains will sell substantially all of its NGL business to Keyera for a total cash consideration of approximately $5.15 Billion CAD ($3.75 Billion USD). The transaction is expected to close in the first quarter of 2026, and is [Read more]
Keyera to Acquire Plains’ Canadian NGL Business in a Transformative $5.15 Billion Transaction
Transaction expands Keyera's integrated NGL value chain, enhances value for customers, accelerates growth and delivers immediate value for shareholders /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ Transaction Highlights Transformational acquisition – Keyera will acquire substantially all of Plains' Canadian NGL business, plus select U.S. assets, for total cash consideration of $5.15 billion, subject to adjustments (the "Acquisition"), [Read more]
Mexico’s Pemex payment crisis: suppliers threaten July shutdown
The Mexican association that groups major global oil services companies warned that it is going through an "unprecedented crisis" due to the lack of payments from the state-owned oil company Pemex, the world's most indebted energy company. In a letter sent to President Claudia Sheinbaum and released on Monday afternoon, the association warned that many of these companies may have to stop operations as early as July. The letter did not specify the amounts owned to the group's members, which [Read more]
Israel launches ‘massive cyber war’ against Iran’s digital infrastructure, Iranian media report
Israel has launched a "massive cyber war" against Iran's digital infrastructure, Iranian media quoted the country's cybersecurity command on Tuesday as saying.Many of the attacks were successfully repelled, the command added. (Reporting by Jaidaa Taha and Menna Alaa El Din Editing by Gareth Jones) [Read more]
Iranian and Israeli energy sites impacted by conflict
Military strikes between Iran and Israel have prompted concern about potential damage and disruption to the region's important oil and gas fields and infrastructure. Below are details about these sites and about how they have been affected so far: SOUTH PARS GAS FIELD Israel struck an installation at the South Pars offshore gas field on June 14 where Iran has partially suspended production. South Pars is part the world's largest natural gas reserve which Iran shares with Qatar. The [Read more]
Chevron enters lithium sector with acreage buy in Texas, Arkansas
Chevron said on Tuesday its has acquired on lease about 125,000 net acres in northeast Texas and southwest Arkansas, marking the entry of the U.S. oil major into domestic lithium production. Energy giants, including Exxon Mobil, have been looking to leverage their expertise in drilling and brine processing to enter the lithium market and support the energy transition. Demand for lithium - a key component in batteries for electric vehicles and renewable energy storage - remains strong even [Read more]
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