CALGARY, AB, May 7, 2025 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX: VET) (NYSE: VET) is pleased to report operating and condensed financial results for the three months ended March 31, 2025. The unaudited interim financial statements and management discussion and analysis for the three months ended March 31, 2025 will be available on the System for Electronic Document Analysis and Retrieval Plus ("SEDAR+") at www.sedarplus.ca, on EDGAR at [Read more]
News
CEOs call on Carney to ‘take action’ to support domestic energy sector
OTTAWA - Canada's energy CEOs are calling on Prime Minister Mark Carney to scrap the emissions cap on oil and gas producers and repeal industrial carbon pricing to help bolster the industry. Thirty-eight CEOs of Canadian energy companies signed a letter congratulating Carney on his election win and pitching policy measures they say would help the prime minister make good on his promise to build the fastest-growing economy in the G7. "As a major contributor to the Canadian economy, with [Read more]
Power utility TransAlta expects Alberta data centre deal this year
CALGARY - Power producer TransAlta Corp. is hoping to sign agreements this year with prospective Alberta data centre partners that would draw on natural gas-fired electricity it generates in the province. "We continue to focus on securing exclusivity with key partners by mid-year with detailed design and definitive agreements expected by year-end," CEO John Kousinioris told a quarterly analyst conference call Wednesday. "A data centre would be operational 18 to 24 months after signing [Read more]
Oil wells per location in Lower 48 US states more than double in past decade, EIA says
The U.S. Energy Information Administration said on Wednesday that it estimates that the average number of oil wells completed simultaneously within 50 feet of each other in the Lower 48 states has more than doubled over the past decade. The agency said that simultaneous well completion per location had increased from 1-1/2 wells in December 2014 to more than three wells in June 2024, allowing operators to "accelerate their production timeline and reduce their costs per well." The EIA has [Read more]
Montney activity fades – Canada’s premier play faces activity slowdown as producers wait for LNG Canada – BOE Intel
Over the past 15 years, the Montney has solidified its position as Western Canada’s premier oil and gas play. The widespread adoption of horizontal drilling and multi-stage hydraulic fracturing around 2010 transformed it from a modest resource into a powerhouse, now producing over 2,000,000 boe/d. This output includes more than 10 BCF/d of natural gas volumes, complemented by substantial condensate, NGLs, and oil volumes, making the Montney the backbone of Canada’s ambitious LNG plans. Figure [Read more]
Heavy lifting begins as Suncor starts refurbishing decades-old upgrader components
CALGARY - Oilsands giant Suncor Energy Inc. has begun a three-month outage at one of its upgraders so it can begin to replace enormous components first installed almost six decades ago. The Calgary-based company is in the midst of a multi-year project to replace eight original coke drums dating back to 1967 at its Base Mine site north of Fort McMurray, Alta., with the goal of extending the upgrader's life by 30 years. The drums, weighing 270 tonnes and standing nearly 30 metres, are used [Read more]
Oil market ‘smile’ suggests Saudi Arabia’s output shift was well timed
The oil market appears to be telling Saudi Arabia that its shift to pumping more oil after five years of cutting output was well timed. The kingdom has in recent weeks pushed fellow OPEC+ members to produce more oil despite fears about an economic slowdown, a marked change in policy that helped oil prices settle at a four-year low on Monday. But despite OPEC+ agreeing to raise output by a cumulative near one million barrels per day (bpd) between April and June, the oil market is still [Read more]
Canada’s Suncor says it could cut 2026 capital spending if low oil prices persist
Canada's second-largest oil producer Suncor Energy said on Wednesday a recent cost-cutting campaign had set it up well to weather lower global oil prices, but did not rule out reducing capital spending next year if weaker economic conditions persist. CEO Rich Kruger told analysts on a conference call that Suncor has not changed its 2025 capital budget range of C$6.1 billion ($4.43 billion) to C$6.3 billion, and already planned to spend less - in the range of C$5.7 billion - next year. That [Read more]
International Petroleum Corporation Announces 2025 Annual General Meeting Voting Results
TORONTO, May 07, 2025 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce the voting results from the Corporation’s 2025 Annual General Meeting of Shareholders held on May 7, 2025 in Calgary, Alberta. Number of Directors The number of Directors of the Corporation was set at eight. Votes For % For Votes Against % Against 62,055,815 99.98 10,847 0.02 Election of [Read more]
Topaz Energy Corp. announces results of its annual meeting of shareholders
CALGARY, AB, May 6, 2025 /CNW/ - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to announce that its shareholders approved all resolutions at the annual meeting of shareholders of the Company held on May 6, 2025 (the "Meeting"). A report of voting results will be available on SEDAR+ at www.sedarplus.ca. The resolution to appoint the eight (8) nominees as directors of the Company was passed on a vote by poll and each of the directors received the following [Read more]
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