OTTAWA - Climate activists and energy leaders say Prime Minister Mark Carney will need to make some hard choices on whether to bolster the country’s oil and gas sector as means of achieving economic stability. Throughout the election campaign, Carney signalled an openness to building more pipelines in Canada and promised to cut approval times to get projects built faster. He also acknowledged during the English leaders' debate that having western Canadian oil flow through the United States to [Read more]
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Alberta government announces indefinite freeze on industrial carbon price
EDMONTON - Alberta Premier Danielle Smith says her government is freezing its industrial carbon price effective immediately at $95 per tonne of emissions. She says the move is critical to keep industry competitive and defend jobs as Canada navigates a tariff fight with the United States. She says it also provides certainty and economic relief to critical sectors such as oil and gas, electricity, and manufacturing. The price had been set to rise to $110 per tonne in 2026 and to continue [Read more]
US House budget bill seeks more than $1.5 billion for Strategic Petroleum Reserve
A U.S. House committee released a budget proposal that includes more than $1.5 billion to replenish and maintain the Strategic Petroleum Reserve, and cancels a congressionally mandated sale, following huge sales from the facility in 2022. The proposal from the House Energy and Commerce Committee released late on Sunday contains $1.32 billion to purchase oil to help replenish the SPR, the world’s largest emergency stockpile of crude, and $218 million for maintenance of the facility. U.S. [Read more]
Argo’s March 2025 Oil Production
Toronto, Ontario--(Newsfile Corp. - May 12, 2025) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") March 2025 oil production was a total of 3,249 barrels for the month, averaging 105 barrels per day. Oil prices averaged CDN$65 per barrel and Argo's March oil revenue was $211,595 and net operating cash flow was $112,770. March 2025 Oil Production Argo's interest Argo's Oil Revenue Argo's net operating cash [Read more]
Break Clays and Shatter Barriers: Children’s Cottage Society Launches New Clays Event to Support Mental Health
Children’s Cottage Society is excited to announce the launch of Clays for a Cause, a brand-new clay-shooting fundraiser happening Wednesday, June 18, 2025, at the scenic Silver Willow Sporting Club in Carstairs, Alberta. Building on the sold-out success of Clays for the Cottage, this new event invites participants to “Break Clays and Shatter Barriers” in support of the Society’s new Family Mental Wellness Hub, opening on Wednesday, May 14. All proceeds will help children and families access [Read more]
Whitecap Resources Inc. closes the Veren combination creating a leading Canadian oil and natural gas producer, and increases production guidance
CALGARY, AB, May 12, 2025 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce the successful closing of its strategic combination with Veren Inc. ("Veren") (TSX: VRN) (NYSE: VRN), creating the seventh largest oil and natural gas producer and the fifth largest natural gas producer in Canada. Whitecap is now the largest Alberta Montney and Duvernay landholder and a prominent light oil producer in Saskatchewan with an enviable portfolio of premium [Read more]
Pieridae Energy Changes Name to Cavvy Energy
CALGARY, Alberta, May 12, 2025 (GLOBE NEWSWIRE) -- Cavvy Energy Ltd. (formerly Pieridae Energy Limited) (“Cavvy” or the “Company”) (TSX:PEA) is pleased to announce that the Company has changed its name from Pieridae Energy Limited to Cavvy Energy Ltd., effective May 9, 2025. The Company first announced its intention to change its name on March 27, 2025 and obtained shareholder approval for the name change at the Company’s Annual and Special Meeting of Shareholders (the “Meeting”) held on [Read more]
Iran is preparing for Russian President Vladimir Putin to visit, Tehran says
Iran is preparing for a visit by Russian President Vladimir Putin, Iran's government spokesperson Fatemeh Mohajerani was quoted by Russia's state RIA news agency as saying on Monday. "Putin's trip to Tehran is currently being worked out, preparations are underway," Mohajerani was quoted as saying by RIA. There was no immediate comment from the Kremlin. Putin held talks with Supreme Leader Ayatollah Ali Khamenei in Iran in 2022, the Kremlin leader's first trip outside the former Soviet [Read more]
International Petroleum Corporation Announces Results of Normal Course Issuer Bid
International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 275,160 IPC common shares (ISIN: CA46016U1084) during the period of May 1 to 9, 2025 under IPC’s normal course issuer bid / share repurchase program (NCIB). IPC’s NCIB, announced on December 3, 2024, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No 2016/1052 (Safe [Read more]
Ensign Energy Services Inc. Reports 2025 First Quarter Results
CALGARY, AB, May 12, 2025 /CNW/ - FIRST QUARTER HIGHLIGHTS Revenue for the first quarter of 2025 was $436.5 million, a one percent increase from the first quarter of 2024 revenue of $431.3 million. Revenue by geographic area: Canada - $152.0 million, 35 percent of total; United States - $205.8 million, 47 percent of total; and International - $78.7 million, 18 percent of total. Adjusted EBITDA for the first quarter of 2025 was $102.4 million, a 13 percent [Read more]
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