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ARC Resources Ltd. announces consolidation of condensate-rich Montney assets at Kakwa

CALGARY, AB, May 14, 2025 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") today announced it signed a definitive agreement to acquire condensate-rich Montney assets in the Kakwa region in Alberta (the "Assets") from Strathcona Resources Ltd. in an all-cash transaction valued at approximately $1.6 billion(1) (the "Transaction"). The Transaction has an effective date of April 1, 2025 and is expected to close in early July 2025, subject to customary closing conditions. The Assets, [Read more]

Strathcona Resources Ltd. Announces Sale of Montney Business for $2.84 Billion and Acquisition of Hardisty Rail Terminal

CALGARY, AB, May 14, 2025 /CNW/ - Strathcona Resources Ltd. ("Strathcona" or the "Company") (TSX: SCR) is pleased to announce that it has entered into definitive agreements to sell substantially all of its Montney assets for approximately $2.84 billion, pursuant to three separate transactions: The sale of its Kakwa asset (the "Kakwa Sale") to ARC Resources Ltd. for approximately $1,695 million in total value ($1,650 million in cash and approximately $45 million in assumed lease [Read more]

Freehold Royalties Announces Results from Annual Meeting of Shareholders

CALGARY, Alberta, May 14, 2025 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announced today that all nominees listed in its notice of meeting and information circular dated March 26, 2025 were elected as directors of Freehold at its Annual Meeting of Shareholders (the Meeting) held today. In addition, all other matters considered at the Meeting were approved by Freehold’s shareholders. A replay of the Meeting is available on our website at the below link, [Read more]

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]