Saudi oil giant Aramco is seeking investors in infrastructure, including pipelines, for its $100 billion Jafurah gas project, two people familiar with the matter told Reuters. The Jafurah project is key to Saudi Aramco's ambitions to become a major global player in natural gas and to boost its gas production capacity by 60% by 2030 from 2021 levels. Jafurah, potentially the biggest shale gas project outside of the United States, is expected to begin output this year and ramp up to 2 [Read more]
News
Peyto Exploration & Development Corp. Announces Voting Results From Annual and Special Meeting of Shareholders
CALGARY, Alberta, May 23, 2025 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX – PEY) ("Peyto") is pleased to announce that the nominees listed in the information circular – proxy statement dated April 2, 2025 were elected as directors of Peyto at Peyto's annual and special meeting of shareholders (the "Meeting") held on May 22, 2025. The detailed results of the votes for the election of directors, the appointment of auditors, the advisory vote on executive compensation and [Read more]
HTM Energy Research – Weekly Round-Up – Charlie Lake Delivers Dual-Dip Dominance; Growth, and Breakevens are Extremely Impressive
Access HTM Energy Research here. Mobile users may need to click here to see full PDF document. NOTE: The opinions expressed in this document are solely those of HTM Energy and do not reflect the views, positions, or policies of Stack Technologies Ltd. or the BOE Report. This is not investment advice. Please read all disclaimers carefully. [Read more]
CRR Extends Reach into the Clearwater with Strategic Roadway Acquisition
CALGARY, AB, May 23, 2025 / CNW / — Canadian Resource Roadways (CRR), a leader in resource infrastructure ownership and operations, is pleased to announce it has concluded a definitive agreement to acquire a 24 km section of the East Exit Road, together with ancillary existing roadways in Alberta’s Clearwater region. The transaction, involving Sequoia Resources Corp. (by and through its trustee in bankruptcy PricewaterhouseCoopers Inc. through a court approved sale) and certain other vendors, [Read more]
Vermilion Energy Inc. Advances Strategic Portfolio Repositioning with Agreement to Sell its Saskatchewan Assets and Accelerate Debt Repayment
CALGARY, AB, May 23, 2025 /CNW/ - Vermilion Energy Inc. ("Vermilion" or the "Company") (TSX: VET) (NYSE: VET) is pleased to announce that it has entered into a definitive agreement for the sale of its Saskatchewan and Manitoba assets (the "Assets") for cash proceeds of $415 million (the "Transaction"). Net proceeds from the Transaction will be directed towards debt repayment to accelerate deleveraging efforts and strengthen Vermilion's balance sheet. Based on current strip [Read more]
US pipeline firms wrestle buy/build conundrum as Trump pushes energy expansion
President Donald Trump's pro-energy policies were meant to speed the construction of the United States' next generation of energy infrastructure, but many oil and gas pipeline operators would still rather buy than build their way to expansion due to a host of factors impeding large projects. Trump declared an energy emergency on his first day in office and has issued directives to support exports, reform permitting and roll back environmental standards. Since his November election, a number [Read more]
Shell expects more LNG exporters to turn into net importers, drive demand
Energy major Shell expects several traditional LNG exporter nations to turn into net importers, driving demand for the super chilled fuel and potentially easing concerns that the industry faces oversupply from a raft of planned new projects. Cederic Cremers, Shell's executive vice president for LNG, told Reuters that Indonesia, Malaysia, and Algeria are likely to become net import markets in the future as their domestic gas demand is rising while production is declining. "Our prediction is [Read more]
Trump says Britain should incentivize drilling in North Sea to reduce energy costs
U.S. President Donald Trump said on Friday that Britain should incentivize modernized drilling in the North Sea to bring down energy costs. "Our negotiated deal with the United Kingdom is working out well for all. I strongly recommend to them, however, that in order to get their Energy Costs down, they stop with the costly and unsightly windmills, and incentivize modernized drilling in the North Sea, where large amounts of oil lay waiting to be taken," Trump said in a post on Truth [Read more]
Kazakhstan sees oil output surpassing plans this year, TASS reports
Kazakhstan will likely exceed its original oil output plans for 2024 of 96.2 million tons due to expansion at the Chevron-led Tengiz field, Energy Minister Erlan Akkenzhenov was quoted as saying, defying pressure from OPEC+. Kazakhstan has cited rising output at Tengiz field as the reason why it has persistently exceeded quotas set by OPEC+, which consists of the Organization of the Petroleum Exporting Countries and allies including Kazakhstan and Russia. Akkenzhenov was quoted by Russian [Read more]
US invites Asian officials to Alaska, eyes $44 billion LNG project
The U.S. has invited officials from Japan, South Korea and Taiwan to Alaska to discuss projects including a vast gas pipeline, two people familiar with the planning said, as Asian governments consider U.S. investments in the hopes of relief from President Donald Trump's tariffs. Trump's energy czar, Interior Secretary Doug Burgum, and Energy Secretary Chris Wright will host the June 2 event, the sources told Reuters, requesting anonymity as the details are not public. The event will [Read more]
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