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Energy Transfer nears greenlight on Lake Charles LNG project

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U.S. pipeline company Energy Transfer on Tuesday said it is nearing a go-ahead on its Lake Charles liquefied natural gas project after an unnamed Japanese company agreed to buy 1 million metric tonnes of LNG from the proposed export facility. Lake Charles was the first LNG project impacted by the Biden administration's refusal to grant an extension to Energy Transfer's license to export to countries other than those that have free trade agreements with the United States. The former president [Read more]

Spartan Delta Corp. Announces First Quarter 2025 Results

CALGARY, AB, May 6, 2025 /CNW/ - Spartan Delta Corp. ("Spartan" or the "Company") (TSX: SDE) is pleased to report its unaudited financial and operating results for the three months ended March 31, 2025. Selected financial and operational information is set out below and should be read in conjunction with Spartan's unaudited interim financial statements and related management's discussion and analysis ("MD&A") for the three months ended March 31, 2025, and 2024, which are filed on [Read more]

Discount on Western Canada Select heavy crude tightens further, settles below $9

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The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) continued its tightening trend on Tuesday, settling below $9 for the first time in approximately five years. WCS for June delivery in Hardisty, Alberta, settled at $8.95 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, after having settled at $9.15 under the U.S. benchmark on Monday. The last time Canadian heavy crude traded at such a tight [Read more]

New oil and gas jobs from BOE Report Jobs

Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location May. 6 Well Testing Supervisors Roska DBO Grande Prairie May. 6 Well Testing Operators Roska DBO Grande Prairie May. 6 Accounting Support Roska DBO Grande [Read more]

Greenfire Resources Reports First Quarter 2025 Results and Provides an Operational Update

Readers are advised to review the "Non-GAAP and Other Financial Measures" section of this press release for information regarding the presentation of financial measures that do not have standardized meaning under IFRS® Accounting Standards. Readers are also advised to review the "Forward-Looking Information" section in this press release for information regarding certain forward-looking information and forward-looking statements contained in this press release. All amounts in this press release [Read more]

Suncor Energy Reports First Quarter 2025 Results

Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and derived from the company's condensed consolidated financial statements which are based on Canadian generally accepted accounting principles (GAAP), specifically International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), and are prepared in accordance with International Accounting Standard (IAS) 34 Interim Financial Reporting. Production [Read more]

MEG Energy reports 24% growth in funds from operations per share in the first quarter of 2025

CALGARY, AB, May 6, 2025 /CNW/ - MEG Energy Corp. (TSX: MEG) ("MEG" or the "Corporation") reported its first quarter 2025 operational and financial results.1 "The work we've done over the past few years establishes a strong financial foundation and lays the groundwork for the next phase of production growth. MEG is in an enviable position to deliver substantial growth in free cash flow per share even through uncertain commodity price environments," said Darlene Gates, President [Read more]

Ovintiv Reports First Quarter 2025 Financial and Operating Results

Continued Maintenance Investment to Drive Free Cash Flow; High-Graded Portfolio Bolsters Financial Resiliency Highlights: Generated cash from operating activities of $873 million, Non-GAAP Cash Flow of $1,004 million and Non-GAAP Free Cash Flow of $387 million after capital expenditures of $617 million First quarter oil and condensate production was above the guidance range at 206 thousand barrels per day ("Mbbls/d") Average total production of approximately 588 thousand barrels of [Read more]

Suncor Energy Declares Dividend

All financial figures are in Canadian dollars. Calgary, Alberta--(Newsfile Corp. - May 6, 2025) - Suncor Energy's (TSX: SU) (NYSE: SU) Board of Directors has approved a quarterly dividend of $0.57 per share on its common shares, payable June 25, 2025 to shareholders of record at the close of business on June 4, 2025. Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development, production and upgrading; offshore oil production; petroleum [Read more]

Whitecap Resources Inc. and Veren Inc. announce results of Special Shareholder Meetings

CALGARY, AB, May 6, 2025 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) and Veren Inc. ("Veren") (TSX: VRN) (NYSE: VRN) are pleased to announce that the shareholders of each company have voted in favour of the previously announced business combination between Whitecap and Veren (the "Business Combination"). On May 6, 2025, Whitecap and Veren held special shareholder meetings virtually, via live webcasts, with each company's shareholders voting on resolutions in connection with the [Read more]