Oil prices jumped more than 5% on Friday to hit the highest in more than two months after Israel said it struck Iran, raising concerns of escalating tensions in the Middle East that could disrupt oil supplies. Brent crude futures rose $3.91, or 5.64%, to $73.27 a barrel by 0146 GMT, the highest since April 3. U.S. West Texas Intermediate crude was up $4.09, or 6.01%, at $72.13 a barrel. Israel said early on Friday that it struck Iran, and Iranian media said explosions were heard in Tehran [Read more]
News
Israeli strikes seek to hurt Iran’s nuclear infrastructure and military capabilities, Netanyahu says
Israel's strikes on Iran are aimed at hurting its nuclear infrastructure, its ballistic missile factories and many of its military capabilities, Prime Minister Benjamin Netanyahu said. "This operation will take as long as is needed to complete the task of fending off the threat of annihilation against us," he added in a recorded video message. (Reporting by Maayan Lubell and Alexander Cornwell; Editing by Himani Sarkar) [Read more]
Alberta to explore injecting oilsands tailings underground as one management option
EDMONTON - The Alberta government says it is considering letting oil companies inject wastewater deep underground as a way to manage the toxic tailings that are accumulating in the oilsands. The idea is one of five policy recommendations being put forward by a government-appointed committee tasked with studying potential tailings management options. A new report from the committee, which was formed over a year ago and is chaired by United Conservative MLA Tany Yao of Fort McMurray, says [Read more]
Pulse Announces a $13.5 Million Seismic Data License Sale and Provides Revenue Update
CALGARY, Alberta, June 12, 2025 (GLOBE NEWSWIRE) -- Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) is pleased to announce the sale of a significant seismic data license, valued at $13.5 million. On a preliminary basis, second quarter revenue to date approximates $17.2 million, including the license announced today. This brings year-to-date total licensing revenue to $40.0 million, reflecting an increase of 66% compared to the last three years average annual [Read more]
NextDecade signs $9 billion contracts with Bechtel for construction of LNG sites
U.S. liquefied natural gas producer NextDecade said on Thursday that its units have finalized contracts with Bechtel Energy to construct train 4 and train 5 at its Rio Grande LNG facility, with a combined value of about $9 billion. Under engineering, procurement, and construction (EPC) contracts, NextDecade agreed to pay Bechtel about $4.77 billion under a renewed agreement for the fourth liquefaction train. For the fifth train, it executed an EPC contract worth about $4.32 billion. The [Read more]
Discount on Western Canada Select widens
The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate (WTI) futures widened on Thursday. WCS for July delivery in Hardisty, Alberta, settled at $9.05 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $8.90 a barrel in Wednesday's trade. * WCS discounts had tightened last week, partly due to the wildfire situation in Western Canada that prompted several oil sands operations in the oil-producing province of [Read more]
The Alberta Energy Regulator publishes its 2024 Pipeline Performance Report
June 10, 2025 CALGARY, AB – The Alberta Energy Regulator (AER) has released its 2024 Pipeline Performance Report, the latest in its annual series tracking industry performance on pipeline safety across the province. The AER regulates more than 400 000 kilometres of pipeline within Alberta’s borders that transport natural gas, crude oil and refined products, diluent, produced water, and sour gas. The report covers incident data from 2020 to 2024 and forms part of the AER’s [Read more]
Liberals to cut short study of bill to speed up resource project approvals
OTTAWA - The federal government is defending its plans to push its internal trade and major projects bill through the House of Commons next week at a rapid clip. Critics claim the move will evade much-needed scrutiny of a bill that would give cabinet sweeping powers to quickly approve selected major natural resource projects, such as oil pipelines. Government House leader Steven MacKinnon has put a motion on notice that would push the bill through the House of Commons by the end of next [Read more]
June 11th Alberta Crown Land Sale totals $7.2 MM – Low land spending continues, allowing operators to look for hidden gems
The Alberta Government brought in $7.2 MM on its June 11th Crown land sale. In total, 22,016 hectares were sold at an average price of $328.09/ha. Click here to see the full land sale results on StackDX Intel. What exactly is StackDX Intel? See for yourself here with our new website, featuring client testimonials and case studies. This land sale continues the trend of smaller bonus values that we have been seeing for most of 2025. As we wrote about two weeks ago, cumulative dollar [Read more]
Canada Announces Major Investments to Improve Resilience Against Wildfires
OTTAWA, ON, June 12, 2025 /CNW/ - Wildfire season is in full effect across much of Canada, with many Canadians currently facing severe wildfire conditions. The Government of Canada, along with the provinces, territories and the Canadian Interagency Forest Fire Centre (CIFFC), is seized with the importance of supporting Canadians whose lives and livelihoods are at stake. Today, the Governments of Canada, British Columbia, Alberta, Newfoundland and Labrador, Yukon, Nova Scotia, Prince Edward [Read more]
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