International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operational results and related management’s discussion and analysis (MD&A) for the three months ended March 31, 2025. William Lundin, IPC's President and Chief Executive Officer, comments: “We are pleased to announce another strong quarter of operational and financial performance for Q1 2025. IPC achieved an average net daily production during the quarter of 44,400 [Read more]
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Woodside targets another 20%-30% selldown of $17.5 billion Louisiana LNG project
Woodside Energy, Australia's top natural gas producer, said on Tuesday it would seek to sell a further 20%-30% stake in Louisiana LNG, with interest growing in the $17.5 billion project since its final approval last week. Liz Westcott, chief operating officer for Australia, said the planned selldown of Woodside's wholly owned holding company for the project would allow it to achieve its target of 50% overall ownership. "Our goal will be to sell down in the order of 20%-30% of Hold Co. That [Read more]
Baytex Reports Shareholder Meeting Results
Calgary, Alberta--(Newsfile Corp. - May 5, 2025) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) reports that all matters presented for approval at the annual meeting of shareholders held today were approved. A total of 335,327,771 common shares being 43.53% of Baytex's issued and outstanding shares were represented at the meeting. At the meeting, all of the nominees proposed as directors were duly elected. Results of the vote are set out below: Votes For Name of [Read more]
Alberta premier promises separation referendum in 2026 if petition signatures warrant
EDMONTON - Alberta Premier Danielle Smith says she will hold a referendum on provincial separation next year if citizens gather the required signatures on a petition. Smith, in a livestream address Monday, said she wants a sovereign Alberta within a united Canada but there is a growing number of Albertans who are unhappy with Confederation, and are organizing petitions to push for an exit. “The vast majority of these individuals are not fringe voices to be marginalized or vilified. They [Read more]
Pine Cliff Energy Ltd. Announces First Quarter 2025 Results, May Dividend Declaration and Information Regarding the Annual Meeting of Shareholders
Calgary, Alberta--(Newsfile Corp. - May 5, 2025) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") announces its first quarter 2025 financial and operating results, May dividend declaration and information regarding the annual meeting of shareholders. First Quarter 2025 Summary Highlights Generated $11.5 million of adjusted funds flow1 ($0.03 per basic and fully diluted share) for the three months ended March 31, 2025, an increase from $10.5 million ($0.03 per basic and [Read more]
Saudi Arabia can control oil supply. Demand could be its Achilles heel: Bousso
(The opinions expressed here are those of the author, a columnist for Reuters.) * Saudi-led OPEC+ to sharply increase output by June * Riyadh appears willing to enter price war * Signs that oil demand could be hit due to trade wars By Ron Bousso LONDON, May 6 - Saudi Arabia has signalled that it is willing to enter a painful price war to assert its dominance over other oil producers, but worsening global economic conditions mean the kingdom’s standard playbook might be less [Read more]
Parkland Reports 2025 First Quarter Results
CALGARY, AB, May 5, 2025 /PRNewswire/ - Parkland Corporation ("Parkland", "we", the "Company", or "our") (TSX: PKI), today announced its full financial and operating results for the three months ended March 31, 2025. "Our first quarter of 2025 saw a recovery from 2024 as the refinery offset a slow start to the year and a one-time $53 million impact due to a decision to exit the California compliance market," said Bob Espey, President and Chief Executive Officer. "It is still early [Read more]
LNG Canada prepares plant for first production in June, sources say
LNG Canada has completed the cooldown of its liquefied natural gas plant in Kitimat, British Columbia, and is preparing for the plant to produce its first LNG in June, two people familiar with the process told Reuters. Cooling an LNG plant to test how its machinery expands and contracts is a critical step to ensuring the safe production of the super-chilled gas and critical step prior to beginning operations. LNG Canada is the country's first LNG export facility and when completed is [Read more]
Discount on Western Canada Select heavy crude unchanged
The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) was unchanged on Monday, remaining within the historically tight range it has been trading at this spring. WCS for June delivery in Hardisty, Alberta, settled at $9.15 a barrel under the U.S. benchmark WTI, according to brokerage CalRock. * Canadian heavy crude has been trading at a tight discount in recent months in part due to the opening of the Trans Mountain [Read more]
Weatherford CEO says oil below $50/bbl could hurt offshore investments
Oil prices below $50 a barrel could hurt final investment decisions on offshore projects, oilfield services company Weatherford International's CEO Girish Saligram said on Monday. Plans by the producer group OPEC+ to raise output and U.S. President Donald Trump's tariff policies have pushed U.S. crude oil prices down to over four-year lows to around $57, worrying investors of production shut-ins. Offshore production has remained a rare bright spot as investments are longer cycle, unlike [Read more]
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