CALGARY, AB, June 3, 2025 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") announced today an 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 Series 3 Notes, the [Read more]
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PrairieSky Royalty Declares Quarterly Dividend
CALGARY, Alberta, June 03, 2025 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. ("PrairieSky") (TSX:PSK) announced today that its Board of Directors has declared a quarterly dividend of CDN $0.26 per common share, payable in cash on July 15, 2025 to shareholders of record on June 30, 2025. This dividend is designated as an "eligible dividend" for Canadian income tax purposes. About PrairieSky Royalty Ltd. PrairieSky is a royalty-focused company, generating royalty revenues as oil and natural gas [Read more]
Petronas Is Said to Explore Sale of Canadian Business – Bloomberg
Petronas is said to be exploring a potential sale of its Canadian business, according to an article published by Bloomberg this morning. According to the article, the sources suggested that the company would also consider selling a minority stake in the business, depending on valuation. Petronas is considering options for its Canadian company formerly known as Progress Energy Resources, including a sale, sources say https://t.co/qQ2ZAL5VdL — Bloomberg (@business) June 3, [Read more]
Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG
Alaska LNG can deliver LNG into Asia at a lower cost than Henry Hub pricing from the U.S. Gulf Coast ANCHORAGE, Alaska & NEW YORK--(BUSINESS WIRE)--#Alaska--Glenfarne Alaska LNG, LLC (“Glenfarne”), a subsidiary of Glenfarne Group, LLC and majority owner and lead developer of Alaska LNG, a joint venture with the State of Alaska’s Alaska Gasline Development Corporation, announces that it has completed the first round of its Strategic Partner selection process, with over 50 companies [Read more]
How Canada’s wildfires are affecting oil supply
Wildfires burning in Canada's oil-producing province of Alberta have reduced the country's daily crude production by about 7%. Here is a tally of affected oil production sites so far: CENOVUS ENERGY - CHRISTINA LAKE SITE: Oil sands producer Cenovus evacuated non-essential workers from its Christina Lake site south of Fort McMurray, Alberta on May 29 and began shutting in approximately 238,000 barrels per day of production. The company said it is not aware of any damage to its [Read more]
Meta becomes the latest big tech company turning to nuclear power for AI needs
WASHINGTON (AP) — Meta has cut a 20-year deal to secure nuclear power to help meet surging demand for artificial intelligence and other computing needs at Facebook’s parent company. The investment with Meta will also expand the output of a Constellation Energy Illinois nuclear plant. The agreement announced Tuesday is just the latest in a string of tech-nuclear partnerships as the use of AI expands. Financial details of the agreement were not disclosed. Constellation's Clinton Clean [Read more]
City of Medicine Hat: Property Divestiture
The City of Medicine Hat (the “City”) has engaged Sayer Energy Advisors to assist the City with the sale of certain of its oil and natural gas interests located in southern Alberta (the “Properties”). The Properties are located in the Brooks and Medicine Hat areas. In the Medicine Hat area, the City’s interests are located in the Crescent Heights, Delta and Northeast Medicine Hat areas. In the Brooks area, the City’s interests consist of non-operated working interests located in the Badger, [Read more]
High Hopes
Beyond the horizon of the place we lived when we were young In a world of magnets and miracles Our thoughts strayed constantly and without boundary The ringing of the division bell had begun - Pink Floyd, High Hopes “I love discordancy. It makes people ill at ease and wakes up a part of their brain that’s normally asleep.” - John Lydon, aka Johnny Rotten vocalist for Public Image Ltd. and ex-Sex Pistols Yes, the ‘Division Bell” rang long ago, and yes, we have discordancy. We [Read more]
Saudi Arabia expected to issue $12.6 billion in bonds until year-end, JPM says
Saudi Arabia is expected to issue $12.6 billion in bonds for the remainder of the year, JPMorgan said on Tuesday, as the kingdom resorts to the debt markets amid huge investments to overhaul its economy and lower oil prices. The Gulf country, which forecasts a budget deficit of $26.93 billion this year, is seeking funds to invest in new industries and wean its economy away from oil under its Vision 2030 plan, investing in sectors such as tourism, manufacturing and technology. Reuters [Read more]
Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., to Acquire Sitio Royalties Corp. in All-Equity Transaction; Increases Base Dividend
MIDLAND, Texas, June 03, 2025 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ:VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), and Sitio Royalties Corp. (NYSE:STR) (“Sitio”) today announced that they have entered into a definitive agreement under which Viper will acquire Sitio in an all-equity transaction valued at approximately $4.1 billion, including Sitio’s net debt of approximately $1.1 billion as of March 31, 2025. The consideration [Read more]
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