Nations in B.C.’s interior expanding voice as part of the LNG supply chain By Will Gibson on December 22, 2025, 10:09 am MST Shawn Prince, an Indigenous employee of Duz Cho works on tree clearing in the Peace River district for the Coastal GasLink pipeline in 2020. Photograph for Canadian Energy Centre Indigenous communities across British Columbia are playing a critical role in building the foundation for LNG—from natural gas supply to pipeline corridors and export [Read more]
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Calfrac Announces Closing of Oversubscribed Rights Offering
CALGARY, Alberta, Dec. 23, 2025 (GLOBE NEWSWIRE) -- Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) is pleased to announce that it has closed its previously announced offering of rights (the "Rights Offering") to the holders of common shares of the Company ("Common Shares") as of the close of business (Toronto time) on November 21, 2025. The Rights Offering period expired at 5:00 p.m. (Toronto time) on December 19, 2025. The Company issued an aggregate of 13,011,153 Common [Read more]
AI data centers are forcing obsolete ‘peaker’ power plants back into service
* AI data center electricity demand revives peaker power plants * Peakers emit more pollution when they run than typical power plants * The power plants are often located in low-income, minority communities By Laila Kearney Dec 23, CHICAGO - In Chicago’s working-class Pilsen neighborhood, a 60s-era oil-fired power plant rises up from an industrial lot behind Dvorak Park, which in warmer weather is packed with children climbing on its colorful playground and zooming down [Read more]
Oil steady as market weighs Venezuela, Russia supply risks
Oil prices held steady on Tuesday after rising more than 2% in the previous session, as the U.S. said it might sell the Venezuelan crude it has seized, while Ukraine's attacks on Russian vessels and piers heightened fears of supply disruption. Brent crude futures edged lower by 6 cents, or 0.1%, to $62.01 per barrel by 0440 GMT. U.S. West Texas Intermediate (WTI) crude slipped 9 cents, or 0.16%, to $57.92. On Monday, Brent posted its best daily performance in two months and WTI climbed the [Read more]
Trump says it would be ‘smart’ for Venezuela’s Maduro to leave power
U.S. President Donald Trump said on Monday it would be smart for Venezuelan President Nicolas Maduro to leave power, and the United States could keep or sell the oil it had seized off the coast of Venezuela in recent weeks. Trump's pressure campaign on Maduro has included a ramped-up military presence in the region and more than two dozen military strikes on vessels allegedly trafficking drugs in the Pacific Ocean and Caribbean Sea near the South American nation. At least 100 people have been [Read more]
Strathcona Resources Ltd. Confirms Payment of Special Distribution and Provides Capital Structure Update
CALGARY, AB, Dec. 22, 2025 /CNW/ - Strathcona Resources Ltd. ("Strathcona") today confirmed the payment of its previously announced special distribution and provided further details regarding its pro forma capital structure. Special Distribution Strathcona today completed its previously announced special distribution of $10.00 per share via a plan of arrangement (the "Special Distribution"). Odyssey Trust Company expects to mail or wire, as applicable, the Special Distribution to each [Read more]
US might keep or might sell oil seized near Venezuela, Trump says
U.S. President Donald Trump said on Monday the United States would maybe keep and maybe sell the oil it had seized off the coast of Venezuela in recent weeks, adding the United States would also keep the seized ships. "Maybe we will sell it, maybe we will keep it," Trump said, adding it might also be used to replenish the United States' strategic reserves. (Reporting by Jarrett Renshaw and Steve Holland, Editing by Chris Reese) [Read more]
NuVista Energy Files Management Information Circular for Arrangement With Ovintiv
CALGARY, Alberta, Dec. 22, 2025 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. (TSX: NVA) ("NuVista") is pleased to announce that it has filed its management information circular (the "Circular") and accompanying materials for the upcoming special meeting (the "Meeting") of the holders (the "Shareholders") of common shares of NuVista ("NuVista Shares") in connection with the previously announced plan of arrangement (the "Arrangement") involving NuVista, the Shareholders, Ovintiv Inc. ("Ovintiv") and a [Read more]
Petrus Resources Announces Monthly Activity Update
CALGARY, Alberta, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company's website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. FOR FURTHER INFORMATION PLEASE CONTACT: Ken [Read more]
Nova Scotia ready for private companies to start exploring for onshore natural gas
HALIFAX - The Nova Scotia government is working with Dalhousie University to issue a call for companies interested in exploring for onshore natural gas in the province. The $30-million project will see the university conduct research and set qualification criteria for companies interested in drilling exploratory wells. Companies will still need regulatory approval from the Department of Energy before they can start drilling. The government also says it may take equity stakes in drilling [Read more]
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