Prime Minister Mark Carney, seeking to reduce Canada's economic ties to the United States, on Monday met the heads of the 10 provinces as part of a push to slash the time needed to approve mining and energy projects. It can take a decade or more for a mine or a pipeline to get the green light and Carney says streamlining the process will boost GDP and help offset the damage done by U.S. tariffs. Carney says Ottawa will declare a certain number of projects to be in the national interest in [Read more]
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US natgas prices jump 8% to 3-week high on lower output, higher demand
U.S. natural gas futures jumped about 8% to a three-week high on Monday on a drop in output forecasts for warmer weather and higher demand this week than previously expected. Analysts said gas prices also gained some support from a 5% increase in U.S. oil futures after OPEC+ kept its output increase unchanged. Gas futures for July delivery on the New York Mercantile Exchange rose 27.3 cents, or 7.9%, to $3.72 per million British thermal units, putting the contract on track for its highest [Read more]
Trump budget proposes closing Northeast heating oil reserve
President Donald Trump's budget proposes to shut as soon as in a few months the Northeast Home Heating Oil Reserve, which stores 1 million barrels of diesel and was designed to protect consumers. The reserve, created in 2000 by former President Bill Clinton, holds enough for roughly 10 days of heating homes. It has not been tapped since 2012, when it provided fuel to emergency responders in the aftermath of Hurricane Sandy. The proceeds of a sale of the ultra-low sulfur diesel in fiscal [Read more]
Kazakhstan’s daily oil output fell 4% in May on lower Tengiz production, source says
Kazakhstan's oil production fell 4% in May from April due to lower production from the Tengiz oilfield, but remained above the OPEC+ quota, according to an industry source familiar with the statistics, and Reuters calculations. Kazakhstan, a top-10 oil producer, has persistently exceeded quotas set by OPEC+, an alliance between the Organization of the Petroleum Exporting Countries and other producers led by Russia. Kazakhstan officials said the state had informed the group that it had no [Read more]
10101906 Manitoba Ltd.: Strategic Alternatives Process
10101906 Manitoba Ltd. (“101” or the “Company”) has engaged Sayer Energy Advisors to assist it with a strategic alternatives process. The Company is open to reviewing all alternatives including, but not limited to, a corporate transaction resulting in the sale of all of the shares of the Company or the sale of the Company’s oil and natural gas assets, in whole or in part. 101 is a private junior oil and natural gas company with predominantly operated working interests located in the Greater [Read more]
Ontario, Saskatchewan sign agreement to free up trade ahead of meeting with Carney
SASKATOON - Ontario and Saskatchewan signed an agreement Sunday to remove trade barriers ahead of a meeting with Prime Minister Mark Carney to hash out a plan they hope will supercharge the economy. The memorandum of understanding sees both provinces mutually recognize each other's goods, workers and investment. They are also working to advance measures that would see willing provinces allow the sale of alcohol directly to consumers. Ontario Premier Doug Ford told reporters the move helps [Read more]
Pine Cliff Energy Ltd. Declares Monthly Dividend for June 30, 2025 and Announces Renewal and Extension of Debt Facilities
Calgary, Alberta--(Newsfile Corp. - June 2, 2025) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") has declared a regular monthly dividend of $0.00125 per common share to be paid June 30, 2025, to shareholders of record on June 16, 2025. This dividend and future dividends are expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice. Renewal and Extension of Debt Facilities Pine Cliff is pleased to announce [Read more]
Freehold Royalties Announces Appointment of Chief Financial Officer
CALGARY, Alberta, June 02, 2025 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) is pleased to announce the appointment of Shaina Morihira as its Chief Financial Officer, effective June 4, 2025. Ms. Morihira will succeed David Hendry who, as previously announced, is retiring. Shaina brings more than 20 years of experience in the energy industry, with the past nine years spent at Enerplus Corporation. In her most recent role as Vice President, Finance, she led [Read more]
Source Rock Royalties announces first quarter 2025 results
CALGARY, AB, June 2, 2025 /CNW/ - Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil focused royalties, announces results for the three-month period ended March 31, 2025. First Quarter Highlights: Quarterly royalty production of 232 boe/d (92% oil and NGLs), a decrease of 4% over Q1 2024. Quarterly royalty revenue of $1,676,388, a decrease of 3% over Q1 2024. Quarterly adjusted EBITDA(1) [Read more]
InPlay Oil Corp. Confirms Monthly Dividend for June 2025
CALGARY, AB, June 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 June 30, 2025, to shareholders of record at the close of business on June 16, 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 is [Read more]
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