Calgary, Alberta--(Newsfile Corp. - May 22, 2025) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) ("Saturn" or the "Company"), a light oil-weighted producer focused on unlocking value through the development of our assets in Saskatchewan and Alberta, is pleased to announce the voting results of our Annual General Meeting of shareholders (the "Meeting") held on May 22, 2025. Saturn is pleased to report that that all matters presented at the Meeting were approved. A total of 145,965,898 [Read more]
News
Canada’s Champagne says G7 ministers not ‘skating around’ tariff issue
Canada's Finance Minister François-Philippe Champagne said on Thursday that the discussions on tariffs did come up during a G7 finance leaders' meeting, even though there was mention of them in the final communique that was published. "They are not skating around the fact that tariffs are an issue," Champagne, who is also the chair of the G7 finance leaders, told reporters in a news briefing at the end of the meeting. U.S. President Donald Trump's barrage of tariffs on Canada and other G7 [Read more]
US ‘not convinced’ about lowering G7 oil price cap, European official says
A European official said the United States was "not convinced" about lowering the Group of Seven nations (G7) price cap on Russian crude oil. The EU proposed revising the cap down to an indicative level of $50 a barrel from the current $60 a barrel. During the G7 finance ministers meeting, the official said the U.S. position was that oil prices were already falling and hurting Russia. However, the official added the U.S. remained open to the idea and discussions would continue. The U.S. [Read more]
Italy fully supports EU efforts to stop Russian gas imports by 2027
Italy fully supports European Union efforts to stop Russian gas imports into the bloc by 2027, the country's energy minister told reporters on Thursday, adding any decisions by Rome to boost LNG imports from the U.S. were up to private buyers. Italy last year imported a small quantity of Russian gas which was mainly exported to Austria, the minister said, adding that the country was now independent from supplies coming from Moscow. "Italy fully supports the effort," Pichetto Fratin told a news [Read more]
Bond selloff rolls on as US House passes Trump’s ‘big beautiful’ tax bill
Bond vigilantes continued to stalk global debt markets on Thursday, also keeping the dollar and stocks subdued, as the U.S. House of Representatives passed President Donald Trump's "big beautiful" tax bill by a single vote. Wall Street looked set to open fractionally higher having tumbled on Wednesday after the previous day's limp U.S. and Japanese long-term debt sales had highlighted the unease about rising government debt burdens. This reinforced a "Sell America" narrative at the front [Read more]
Injector(s) of the Week – Induced Seismicity had to start somewhere
Injector(s) of the Week – Induced Seismicity had to start somewhere I feel the earth Move Under my feet I feel the sky tumbling down I feel my heart start to trembling When you shake the ground (With apologies to Carole King, composer of the actual song.) Evidence of the importance of understanding and mitigating seismicity induced by industrial applications was provided by last week’s GeoConvention. By my count, there was one session with 7 talks dedicated to induced [Read more]
Whitecap Resources Inc. to terminate its U.S. reporting obligations with the U.S. Securities and Exchange Commission in respect of its common shares
CALGARY, AB, May 22, 2025 /PRNewswire/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) intends to file a certification with the U.S. Securities and Exchange Commission (the "SEC") today in order to terminate the registration, and its reporting obligations, in respect of its common shares under the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"). If the SEC does not object, such deregistration and termination will become effective 90 days from today's filing or such [Read more]
Hemisphere Energy Announces 2025 First Quarter Results, Declares Quarterly Dividend, Renews Credit Facility, and Provides Operations Update
Vancouver, British Columbia--(Newsfile Corp. - May 22, 2025) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") provides its financial and operating results for the first quarter ended March 31, 2025, declares a quarterly dividend payment to shareholders, renews credit facility, and provides operations update. Q1 2025 Highlights Attained record quarterly production of 3,833 boe/d (99% heavy oil), a 21% increase over the same period of last year. [Read more]
Iran’s Revolutionary Guards warn Israel against any attack
Israel will receive a "devastating and decisive response" if it attacks Iran, Tehran's Revolutionary Guards said on Thursday, days after CNN reported U.S. intelligence suggesting Israel was making preparations to strike Iranian nuclear facilities. "They are trying to frighten us with war but are miscalculating as they are unaware of the powerful popular and military support the Islamic Republic can muster in war conditions," Guards spokesperson Alimohammad Naini said, according to state [Read more]
Canada’s crude oil shift to China schools Trump in unintended consequences: Russell
If there is a law of unintended consequences, then a good example is how commodity markets are adjusting to both the realities and the perceived threats of the tariff war launched by U.S. President Donald Trump. Trump's trade and tariff measures have forced commodity producers, traders and buyers to re-think long-established relationships, adapt to emerging realities and try to predict what may happen. What is becoming clear is that commodity markets are adjusting not only to actual [Read more]
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