U.S. headline and core inflation are heading back above 3% once more, and inflation expectations for the year ahead are building a head of steam. The only crumb of comfort for the Federal Reserve is that long-dated price rise expectations are better behaved - but even these have been irked by the Iran-war-related oil shock. A relatively short energy market hiatus can be taken on the chin by most central banks for a while, but their big worry is that a protracted crude outage feeds the [Read more]
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Knowledge Energy Inc.: Corporate Divestiture
Knowledge Energy Inc. (“Knowledge” or the “Company”) has engaged Sayer Energy Advisors to assist it with a sale of the shares of the Company. Knowledge is a highly focused junior oil and natural gas company producing light oil and solution natural gas from its non-operated Charlie Lake play in the Balsam area of Alberta (the “Property”). In the Balsam area, Knowledge primarily holds a 9% non-operated working interest in approximately 86 largely contiguous sections of land. The majority [Read more]
ConocoPhillips announces first-quarter 2026 results and quarterly dividend
Reported first-quarter 2026 earnings per share of $1.78 and adjusted earnings per share of $1.89. Generated cash provided by operating activities of $4.3 billion and cash from operations (CFO) of $5.4 billion. Declared second-quarter ordinary dividend of $0.84 per share. Updated full-year production and capital guidance; operating cost guidance unchanged. HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today reported first-quarter 2026 earnings of $2.2 billion, or $1.78 per [Read more]
Apollo, Blackstone and KKR vie for Shell stake in LNG Canada, sources say
Apollo Global Management, Blackstone and KKR are battling it out to acquire a significant stake in the mammoth LNG Canada project from energy major Shell, three people familiar with the matter said. The trio, among the world's largest asset management firms, are the remaining bidders in the auction process, run by Shell, which also garnered interest from other large money managers and infrastructure investors. Any deal is expected to be valued well north of $10 billion and could reach as high as [Read more]
Fuelled Awarded Mandate to Market the Tocito Dome Helium Plant Amid Global Helium Supply Crisis
CALGARY, Alberta - Fuelled, the leading online marketplace for energy and industrial equipment, today announced that it has been engaged to market the Tocito Dome Helium Plant, a fully operational, six-nines purity helium processing facility located near Little Water, New Mexico. The mandate comes at a critical moment for global helium markets. Qatar, which supplies more than 20% of the world’s helium, has seen its export capacity impaired by the closure of the Strait of Hormuz and the [Read more]
SECURE announces first quarter 2026 results and provides business update
Generated Adjusted EBITDA(1) of $137 million, up 13% year-over-year, and 21% on a per basic share basis Expecting annual results to trend toward the high end of 2026 Adjusted EBITDA guidance of $520 to $550 million Increasing 2026 growth capital to approximately $100 million (from $75 million) to advance high-return infrastructure projects in capacity constrained regions May 27, 2026 special meeting of SECURE Shareholders (the "Meeting") to vote on the GFL [Read more]
Iran’s Supreme Leader Mojtaba Khamenei says new management of Strait of Hormuz ‘will bring calm’
Iran's new Supreme Leader Mojtaba Khamenei said in a published written message on Thursday that a new chapter for the Gulf and Strait of Hormuz has been taking shape since the Iran war with the United States and Israel broke out on February 28. Iran's Supreme Leader said that Tehran would secure the Gulf region and eliminate what he described as "the enemy's abuses of the waterway." The Supreme Leader added that new management of the Strait of Hormuz would bring calm, progress and economic [Read more]
AltaGas reports record first quarter results
On Track to Deliver 2026 Results at Top End of 2026 Guidance; Potential Upside with Continued LPG Market Strength CALGARY, AB, April 30, 2026 /CNW/ - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA) reported first quarter 2026 financial results and provided an update on its operations, growth initiatives and corporate developments. First Quarter Highlights (all financial figures are unaudited and in Canadian dollars unless otherwise noted) Financial [Read more]
US seeks international help to reopen Strait of Hormuz as crude prices surge
The U.S. is pushing for other countries to form an international coalition to restore freedom of navigation in the Strait of Hormuz, according to a State Department cable seen by Reuters, as oil prices surged to their highest in more than four years on fears of longer-term disruptions to global fuel supplies. Two months into the war that started with U.S.-Israeli strikes on Iran, the vital sea channel remains closed, choking off 20% of the world's supplies of oil and gas. That has sent global [Read more]
UAE could draw higher US investment on pumping more oil, J.P. Morgan says
J.P. Morgan on Thursday said the UAE could attract greater investments from U.S. companies once it is in a position to pump more oil after the country decided to leave the Organization of Petroleum Exporting Countries group. The fourth-largest producer in OPEC said on Tuesday it would exit the group on May 1. Key points from JPM's note: * The country's decision carries no immediate practical implications for its ability to produce and sell more oil, as the Strait of Hormuz is blocked. * [Read more]
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