CALGARY, AB - Imperial Oil Limited (TSE: IMO) (NYSE American: IMO) and E3 Lithium (TSXV: ETMC) (OTCQX: EEMMF) announced today a collaboration to advance a lithium-extraction pilot in Alberta, exploring the redevelopment of an historic oil field into a potential new leading source of lithium for Canada's growing critical minerals industry. The pilot will support E3 Lithium's Clearwater project, which will draw lithium from under the Leduc oil field, Imperial's historic discovery that first [Read more]
Headlines
Woodpecker nest halts construction of TMX pipeline near Bridal Falls, B.C.
VANCOUVER - The discovery of a woodpecker's nest has halted construction of the Trans Mountain pipeline along a 400-metre stretch near Chilliwack, B.C. A statement from Trans Mountain Corp. says buffer zones around trees and vegetation have been marked with rope signs and flagging tape near Bridal Falls where the red-breasted sapsucker has been seen nesting. The Crown corporation says the area will not be cleared until there's confirmation from a wildlife resource specialist that no nests [Read more]
U.S. oil refiners to meet Biden officials in high-stakes price talks
Major U.S. oil refiners will meet with U.S. Energy Secretary Jennifer Granholm and other Biden officials on Thursday in an emergency meeting about how to lower record-high fuel prices that are squeezing American consumers. The two sides are meeting with a promise to work together in good faith, but they appear far apart on solutions. The discussion comes at a tense moment for President Joe Biden and Big Oil, as the president has spent the last few weeks bashing its CEOs for reaping huge [Read more]
Corporate Calgary’s Executive Stampede Party Is Almost Sold Out!
THE 2022 CALGARY STAMPEDE IS ALMOST HERE CALGARY'S LEGENDARY STAMPEDE PARTY IS 90% SOLD! CORPORATE CALGARY'S EXECUTIVE STAMPEDE PARTY The One & Only…BOOTLEGGIN' BREAKFAST Networking & Hosting Clients couldn’t be more fun at the most prestigious venues in downtown Calgary! (Tuesday, July 12, 2022 @ Westin Calgary) 2022 BOOTLEGGIN' BREAKFAST: TUESDAY BREAKFAST: WESTIN CALGARY breakfast (Celebrating 60 years of Stampede Tradition) and the LARGEST Corporate Stampede Party - July [Read more]
U.S. natgas futures slide 2% ahead of storage report
U.S. natural gas futures slid about 2% to an eight-week low on Thursday on expectations the extended shutdown of the Freeport liquefied natural gas (LNG) export plant in Texas would allow utilities to quickly rebuild low U.S. gas stockpiles. Despite that expectation, analysts forecast last week's storage build was smaller than usual as extreme heat in several parts of the country boosted the amount of gas power generators burned to keep air conditioners humming. That was especially the [Read more]
Deep rift lies behind Biden’s criticism of oil and gas industry
U.S. President Joe Biden has publicly criticized oil and gas executives for banking big profits from high gasoline prices but he has rarely spoken directly to the heads of energy companies or their representatives, White House records and interviews with industry sources show. Biden said at a labor union event this month that Exxon Mobil Corp "made more money than God this year" and sent a letter to seven oil and gas companies calling on them to increase production to help ease the burden on [Read more]
U.S. refiners to urge White House not to ban fuel exports -sources
U.S. refiners will try to convince the Biden administration not to ban exports of U.S. fuel to combat record gas prices during a meeting scheduled for Thursday, according to sources familiar with the plans. The White House has called an emergency meeting with top U.S. refiners to discuss ways to bring down record gas prices that have driven inflation to 40-year highs. The meeting follows weeks of mudslinging between U.S. President Joe Biden and oil companies over who is to blame for the price [Read more]
Bill 21: Utica Resources sues the Quebec government for $18 Billion for violating Article 6 of the Quebec Charter of Rights and Freedoms
MONTRÉAL - Utica Resources today filed a lawsuit in Superior Court to nullify Bill 21 or, failing that, to obtain compensation of $18 Billion which corresponds to the net present value of future profits, as estimated by a leading independent expert. Bill 21 constitutes an attack on Utica Resources' right to "the peaceful enjoyment and free disposition of its property", a fundamental right protected by the Quebec Charter of Rights and Freedoms (Article 6) and section 952 of the Civil Code [Read more]
Alberta premier, oilsands execs in U.S. capital to rehabilitate Canada’s energy image
WASHINGTON - Alberta Premier Jason Kenney and oilsands industry executives are in the U.S. capital as part of a fresh push to rehabilitate the public image of Canada's fossil fuels. At the core of the effort is the Pathways Alliance, a coalition of oilsands producers that hopes to eliminate the industry's greenhouse gas emissions by 2050. The alliance is proposing a multibillion-dollar carbon capture and storage project that would store harmful emissions deep in the Prairies to keep them [Read more]
Oil prices skid as Biden pushes for U.S. fuel cost cuts
Oil prices dived more than $7 a barrel on Wednesday amid a push by U.S. President Joe Biden to bring down soaring fuel costs, including pressure on the country's major energy firms to help ease the pain for drivers during peak summer consumption. Brent crude futures dropped $7.12, or 6.50%, to $102.37 a barrel. Similarly, U.S. West Texas Intermediate (WTI) crude futures were off lows but still down $6.92, or 6.04%, to $107.68 a barrel. As the United States struggles to tackle soaring [Read more]