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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]

Prairie Provident Resources Announces Successful Basal Quartz Drilling Program and First Quarter 2025 Results

CALGARY, Alberta, May 13, 2025 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") is pleased to announce strong production results from its three-well Basal Quartz (“BQ”) horizontal drilling program in the Michichi area of Central Alberta during the first quarter of 2025. The Company also announces financial and operating results for the first quarter ended March 31, 2025. SUCCESSFUL RESULTS FROM BASAL QUARTZ DRILLING PROGRAM The Company [Read more]

Trump lavishes praise on Saudi crown prince, signaling renewed alliance

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Four years ago, Saudi Crown Prince Mohammed bin Salman struggled to get an audience with then-President Joe Biden, who said he wanted to make the Gulf country a pariah after its leader allegedly ordered the murder of a Washington-based journalist. On Tuesday, President Donald Trump lavished effusive praise on Saudi's de facto ruler, calling him "an incredible man" and a "great guy," and made no mention of human rights concerns in the country. "I like him a lot. I like him too much," Trump [Read more]

Oil dips as traders watch for jump in U.S. crude stockpiles

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Oil prices retreated on Wednesday as traders eyed a potential jump in U.S. crude inventories, though prices held near two-week highs amid optimism after the United States and China agreed to temporarily lower their reciprocal tariffs. Brent crude futures fell 39 cents, or 0.6%, to $66.24 a barrel by 0400 GMT. U.S. West Texas Intermediate (WTI) crude slipped 36 cents, or 0.6%, to $63.31. Both benchmarks had climbed more than 2.5% in the previous session. The two largest economies agreed on [Read more]

Peyto Reports First Quarter 2025 Results

CALGARY, Alberta, May 13, 2025 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto" or the "Company") is pleased to report operating and financial results for the first quarter of 2025. Q1 2025 Highlights: Peyto reported $225.2 million in funds from operations1,2 ("FFO"), or $1.12/diluted share, and generated $120.2 million of free funds flow3 in the quarter.  Strong FFO was driven by a realized natural gas price after hedging of $4.17/Mcf, 89% higher [Read more]

Freehold Royalties Announces First Quarter 2025 Results

CALGARY, Alberta, May 13, 2025 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces first quarter results for the period ended March 31, 2025. First Quarter 2025 Highlights $91 million in revenue; $68 million in funds from operations ($0.42/share) (1)(3); $44 million in dividends paid ($0.27/share)(2); 10,635 bbls/d of total liquids production, an 8% increase from previous quarter driven by continued execution of our U.S. expansion strategy [Read more]