Kuwait's oil minister said that the OPEC+ meeting would significantly affect production policy formulation in the coming period, Kuwait's state news agency reported on Saturday. OPEC+ agreed in a meeting earlier in the day to accelerate oil production hikes for a second consecutive month in June. Kuwaiti minister Tariq Suleiman Al-Roumi said the gradual increases in oil production could potentially be suspended or even cancelled in response to evolving market conditions, the state news [Read more]
News
SECURE Announces Results of the 2025 Annual and Special Meeting of Shareholders
CALGARY, AB, May 2, 2025 /CNW/ - SECURE Waste Infrastructure Corp. ("SECURE" or the "Corporation") (TSX: SES), a leading waste management and energy infrastructure company, is pleased to announce that all of the nominees proposed as directors and listed in the management information circular dated March 17, 2025, were elected as directors of the Corporation at its Annual and Special Meeting of the Shareholders held on May 2, 2025 (the "Meeting"). KPMG LLP was also reappointed as the [Read more]
I Squared eyes majority stake in natgas pipeline Matterhorn, sources say
I Squared Capital is in talks to acquire a majority stake in the Matterhorn Express natural gas pipeline, according to people familiar with the matter. The infrastructure-focused investment firm has been speaking with potential investors that would help fund the potential purchase, the people said. I Squared is buying its position from WhiteWater Midstream, they added. WhiteWater currently owns 67.5% of Matterhorn, although it was unclear from the people whether the investment firm was [Read more]
Discount on Western Canada Select heavy crude narrows
The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) narrowed on Friday, continuing a trend of what has been historically tight levels this spring. WCS for June delivery in Hardisty, Alberta, settled at $9.15 a barrel under WTI, according to brokerage CalRock, after having settled at $9.35 under the U.S. benchmark on Thursday. * Canadian heavy crude has been trading at a tight discount in recent months in part due to the [Read more]
Gran Tierra Energy Announces Final Voting Results of its Annual Meeting of Stockholders
CALGARY, Alberta, May 02, 2025 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced the voting results from the Company’s annual meeting of stockholders held on May 2, 2025. Final Voting Results of Gran Tierra’s Annual Meeting of Stockholders: Stockholders elected all nine individuals nominated by Gran Tierra. In addition, stockholders voted “FOR” the ratification of the appointment of KPMG LLP as Gran Tierra’s [Read more]
Big Oil earnings show split in production strategy, shareholder returns
Big Oil's first-quarter earnings have shown a clear split in how companies are positioned to weather the downturn sparked by a slump in oil prices to a four-year low in April. Investors were focused on whether companies would cut share repurchases, since lower crude prices would leave them with less cash to fund the programs. Buybacks and dividends are key to investor interest in the oil industry. U.S. oil producer Exxon Mobil and UK-based Shell kept the pace of share buybacks. Their top [Read more]
ARC Resources Ltd. announces approval of resolutions at Annual and General Meeting of Shareholders
CALGARY, AB, May 2, 2025 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Corporation") is pleased to announce that its shareholders approved all resolutions at its Annual and General Meeting of Shareholders (the "Meeting") held on May 2, 2025. During the business proceedings of the Meeting, ARC's shareholders approved the following resolutions: 1. Resolution to appoint 11 board members, with 93.64 per cent to 99.69 per cent of shares represented at the Meeting voting in favour of [Read more]
US Army Corps targeting fall decision for Enbridge Line 5 tunnel
The U.S. Army Corps of Engineers said on Friday it expects to make a decision this fall whether to grant a permit to Enbridge's proposed Great Lakes tunnel for its Line 5 oil pipeline project. The Army Corps, a federal engineering service, released an updated permitting timeline for the project that includes a 30-day public comment period from May 30 to June 3, followed by the decision in the fall. The Army Corps has permitting authority over U.S. projects involving wetlands and [Read more]
AltaGas Announces Election of Directors
CALGARY, AB, May 2, 2025 /CNW/ - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA) is pleased to announce the final director election results from its 2025 Annual and Special Meeting of Shareholders held on May 1, 2025 (the "Meeting"). All nominees recommended by management for election were elected for a term ending at the next annual meeting of shareholders or until their successors are duly elected or appointed. The detailed results of the vote are set out [Read more]
Goldman Sachs sees 410,000-bpd hike in OPEC+ June supply
Goldman Sachs on Friday said it expects OPEC+ to announce a second consecutive increase in supply for June on Saturday, due to modest compliance from Kazakhstan, lower-than-expected OECD inventories, and Saudi Arabia's ability to handle lower oil prices. The Wall Street bank expects the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to announce a 410,000-barrel-per-day (bpd) increase in supply for June in its meeting on Saturday, from its prior estimate of 140,000 [Read more]
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