BOE Report

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Eby to visit Japan, South Korea and Malaysia on trade trip to reduce U.S. reliance

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VICTORIA - B.C. Premier David Eby says a trade mission to Asia next month will help the province become the "engine of a new Canada," but one economist says B.C. also needs to become more competitive at home. Eby will be visiting Japan, South Korea and Malaysia between June 1 and June 10 as part of a business delegation also including B.C. Agriculture Minister Lana Popham and Paul Choi, parliamentary secretary for Asia-Pacific trade. Eby says the trip is aimed at deepening ties with [Read more]

Discount on Western Canada Select heavy crude unchanged

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The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate futures (WTI) was unchanged on Wednesday. WCS for June delivery in Hardisty, Alberta, settled at $9.15 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, flat on Tuesday's close. * Canadian heavy crude has been trading at a tight discount in recent months in part due to the opening of the Trans Mountain pipeline expansion one year ago, which boosted the country's oil [Read more]

Lotus Creek Exploration Inc. Announces First Quarter 2025 Operating Results

Calgary, Alberta--(Newsfile Corp. - May 14, 2025) - Lotus Creek Exploration Inc. ("Lotus Creek" or the "Company") (TSXV: LTC) is pleased to provide the following first quarter operating results to shareholders. Lotus Creek's Interim Consolidated Financial Statements and related Management's Discussion and Analysis ("MD&A") for the period ended March 31, 2025 are available for review on Lotus Creek's website at www.lotuscreek.ca and on www.sedarplus.ca. QUARTERLY HIGHLIGHTS On [Read more]

Birchcliff Energy Ltd. Announces Strong Q1 2025 Results and Declares Q2 2025 Dividend

CALGARY, Alberta, May 14, 2025 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its Q1 2025 financial and operational results. Chris Carlsen, Birchcliff’s President and Chief Executive Officer, commented: “We are pleased to report strong operational and financial results for the first quarter of 2025, driven by our continued focus on operational excellence and our high-quality asset base. We successfully executed our Q1 capital [Read more]

Middle swath of North America at risk of power shortfalls this summer, regulator says

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The middle section of the U.S. and Canada could have a shortfall of electricity this summer if higher-than-normal forecasted temperatures drive up demand as a changing mix of power supplies increases reliability risks, the organization overseeing the area's grid said on Wednesday. Electricity demand in the United States and Canada has grown by 10 gigawatts since last summer -- a more than doubling of the previous year's increase -- while fossil-fired power supplies retire and solar power [Read more]

Aramco signs up to $90 billion in US deals as Trump Gulf tour spurs flurry of tie-ups

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Saudi Aramco unveiled 34 preliminary deals with major U.S. companies on Wednesday, potentially worth up to $90 billion in one of its broadest pushes to deepen commercial ties with the United States. The agreements underscore Saudi Arabia’s efforts to strengthen its energy partnerships and attract foreign investment as it looks to balance oil dominance with broader industrial and technological growth under Vision 2030. "The U.S. is really a good place to put our investment," Aramco CEO Amin [Read more]

Kazakhstan’s oil output fell 3% in April but stayed above OPEC+ quota

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Kazakhstan's oil production fell 3% from March to 1.82 million barrels per day (bpd) in April, but was again above the country's OPEC+ quota, according to an industry source familiar with the statistics, and Reuters calculations. Kazakhstan's output has become the main point of contention inside OPEC+, with group leader Saudi Arabia demanding that members respect their quotas. Kazakhstan, a top-10 oil producer, had an OPEC+ quota for April of 1.473 million bpd. The country's energy [Read more]

StackDX Celebrates 50th Client on Its 3rd Anniversary

StackDX is proud to announce a major milestone: welcoming its 50th enterprise client on the company’s third anniversary. Today, over 40% of Canadian oil and gas producers (by production volume) now rely on StackDX’s platform to manage documents, map public and proprietary data, and automate critical workflows. From day one, StackDX has been committed to making complex data easy to manage, map, and master. This commitment is now even clearer with the official launch of a unified brand [Read more]

Pembina Pipeline Corporation Announces Renewal of Share Repurchase Program

CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that the Toronto Stock Exchange (the "TSX") has approved the renewal of Pembina's normal course issuer bid (the "NCIB") to purchase up to five percent of its issued and outstanding common shares. Under the NCIB, purchases of common shares may be made through the facilities of the TSX, the New York Stock Exchange and/or alternative Canadian trading systems, [Read more]