SASKATOON, SK, June 2, 2025 /CNW/ - "Today, Canada's First Ministers met in Saskatoon, Saskatchewan, to build a stronger, more competitive, and more resilient Canadian economy. This marks the first time that a First Ministers' Meeting has taken place in Saskatchewan in over 40 years. "First Ministers expressed their deep concern regarding the wildfire situations across Canada, including in Manitoba, Saskatchewan, and Alberta, and pledged to continue to provide assistance and support to [Read more]
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Parex Resources Announces Appointment to the Board of Directors
CALGARY, Alberta, June 02, 2025 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce the appointment of Alberto Consuegra to the Board of Directors (the “Board”). Effective June 1, 2025, Alberto Consuegra has been appointed to the Board as an independent director. Alberto has more than 30 years of experience in the energy sector. Most recently, Mr. Consuegra served as the Chief Operating Officer of Ecopetrol, Colombia’s national oil company, [Read more]
Discount on Western Canada Select heavy crude widens; wildfires affect production
The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate futures (WTI) widened on Monday but remained in historically tight territory as wildfires affected Canadian oil production. WCS for July delivery in Hardisty, Alberta, settled at $8.80 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, after having settled at $8.50 under the U.S. benchmark on Friday. Wildfires burning in Canada had disrupted more than 344,000 barrels of oil [Read more]
Hemisphere Energy Announces Results from Annual General and Special Meeting of Shareholders
Vancouver, British Columbia--(Newsfile Corp. - June 2, 2025) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") announces the results of its Annual General and Special Meeting of Shareholders ("AGSM") that was held today. A total of 41,688,604 common shares were voted at the AGSM, representing 43.07% of total shares issued and outstanding as at the April 14, 2025 record date of the AGSM. Shareholders voted in favour of all items considered at the [Read more]
Petrus Resources Declares Monthly Dividend for June 2025
CALGARY, Alberta, June 02, 2025 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to confirm that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable June 30, 2025, to shareholders of record on June 16, 2025. The dividend is designated as an eligible dividend for Canadian income tax purposes. Dividend Reinvestment Plan ("DRIP") Petrus' DRIP enables eligible shareholders to reinvest all or part of their cash [Read more]
Pembina Pipeline Corporation Announces $200 Million Subordinated Note Offering
CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it has agreed to issue $200 million aggregate principal amount of 5.95% Fixed-to-Fixed Rate Subordinated Notes, Series 2 (the "Series 2 Notes") due June 6, 2055 (the "Offering"). The Offering is expected to close on or about June 6, 2025, subject to customary closing conditions. Pembina intends to use the net proceeds of the Offering to fund the redemption of [Read more]
Cenovus declares force majeure on Christina Lake Dil-bit heavy crude supply due to wildfires
Canadian oil producer Cenovus Energy declared force majeure on its supply of Christina Lake Dil-bit heavy crude due to wildfires in the oil-producing province of Alberta, two trading sources said. Companies declare force majeure when unexpected circumstances prevent them from meeting contractual obligations. Cenovus said on Sunday it evacuated non-essential personnel from its Christina Lake oil sands site, and has shut in about 238,000 barrels per day of production since Thursday. The [Read more]
US LNG output declines in May from April’s record
U.S. liquefied natural gas output fell in May due to plant outages and maintenance at the country's largest export facility, preliminary LSEG ship tracking data show. The U.S. is the world's largest LNG exporter and monthly changes in production can impact global LNG prices. In May the U.S. exported 8.9 million metric tons of LNG, down from a record 9.3 MT in April, according to LSEG data. During May all U.S. plants experienced short periods of lower output when compared to April, the [Read more]
Alberta’s wildfires disrupt some 7% of Canada’s oil production
Wildfires burning in Canada's oil-producing province of Alberta have affected more than 344,000 barrels per day of oil sands production, or about 7% of the country's overall crude oil output, according to Reuters calculations. At least two thermal oil sands operators south of the industry hub of Fort McMurray evacuated workers from their sites over the weekend and shut production as a precaution. Canadian Natural Resources said it evacuated workers from its Jackfish 1 location and shut in [Read more]
Trump administration proposal would lift Biden-era limits on Alaska oil drilling
The administration of U.S. President Donald Trump on Monday proposed rolling back Biden-era limits on oil and gas drilling in an Alaska area that is the nation's largest tract of undisturbed public land. The move is consistent with Trump's goal to slash regulations for oil and gas development and increase domestic fuels production as part of his energy agenda. The rule, finalized by the administration of former President Joe Biden last year, prohibited oil and gas leasing on 10.6 million [Read more]
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