BOE Report

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Trump’s options to ease Russia sanctions limited compared to Europe’s

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U.S. President Donald Trump could quickly lift some sanctions on Russia as a reward to Moscow if peace talks with Ukraine go well, but only Europe can take the bigger steps needed to significantly ease Russia’s cash crunch. Trump in recent days has renewed a threat to impose more sanctions and tariffs on Russia and buyers of its oil if there is no progress toward a peaceful settlement in the 3-1/2-year-long war in Ukraine. But if talks go well, he could begin to lift some of the punitive [Read more]

Industry-Wide Closure Spend Requirements for 2026

Bulletin 2025-27 Industry-Wide Closure Spend Requirements for 2026 PDF:   View Bulletin Release Date: August 26, 2025   Under the Government of Alberta’s Liability Management Framework(opens in new window), the AER’s Inventory Reduction Program (described in Directive 088: Licensee Life-Cycle Management) includes setting an annual industry-wide closure spend requirement. We review the closure spend amount each year and adjust it based on several [Read more]

Venezuela tensions rise as US warships arrive in Southern Caribbean

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Tensions between the United States and Venezuela are rising amid a large U.S. naval buildup in the Southern Caribbean and nearby waters, which U.S. officials say aims to address threats from Latin American drug cartels. U.S. President Donald Trump has made cracking down on drug cartels a central goal of his administration, part of a wider effort to limit migration and secure the U.S. southern border. While U.S. Coast Guard and Navy ships regularly operate in the Southern Caribbean, this buildup [Read more]

Exxon sees natural gas demand surging in outlook to 2050

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Global demand for natural gas will rise more than 20% by 2050 from last year's level, as it displaces coal to power industries and meet higher electricity use in developing countries, Exxon Mobil said on Thursday in an annual outlook. The projections provide the basis for the top U.S. oil producer's long-term strategy and investment. Exxon has ambitious growth plans compared to other global oil players, with a target to boost production by 18% over the next five years. Global oil demand [Read more]

Clearview reports 2025 second quarter results

CALGARY, AB, Aug. 28, 2025 /CNW/ - Clearview Resources Ltd. ("Clearview" or the "Company") announces it has filed its financial and operational results for the three and six months ended June 30, 2025. The Company's interim financial statements and management's discussion and analysis for the three and six months ended June 30, 2025 can be found on SEDAR+ and on the Company's website, www.clearviewres.com, under the Investors tab. Sale Transaction Update In addition, the [Read more]

Europe gas markets escape hectic LNG summer storage race: Bousso

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European gas traders have faced a stressful race against the clock in recent summers as they have scrambled to refill depleted gas storage facilities ahead of winter. But with demand in Asian markets sagging, Europe can expect a surge of liquefied natural gas imports over the coming months, giving the continent’s traders and governments a lot more breathing room. Ensuring that European gas supplies were at near-maximum levels before cold weather sets in was once a relatively niche concern, [Read more]

How Germany is building up LNG import terminals

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Germany is putting into operation a second liquefied natural gas import terminal, the latest step in its effort to replace piped Russian gas since Moscow's invasion of Ukraine in 2022. Its first move has been to deploy floating storage regasification units (FSRUs) to receive seaborne LNG, while in the longer term it is planning shore-based regasification terminals and facilities to import and produce ammonia and green hydrogen. Here are details of the latest developments: MUKRAN The [Read more]

No rush on new crude oil pipelines, Trans Mountain chief executive says

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CALGARY - The chief executive at Trans Mountain Corp. says there should be ample pipeline space to get Canadian crude oil to market until at least 2030 without the need for a whole new project being built from scratch.   Mark Maki says at the rate production has been growing, existing pipelines out of Alberta are on track to fill up around 2027 as they're currently configured.  But he says his company and other pipeline firms have small-scale projects in the works to retool their [Read more]

Trans Mountain Reports Q2 2025 Results, Delivering Strong Cash Returns for the Benefit of Canada

All financial figures are in Canadian dollars, unless noted otherwise. Calgary, Alberta--(Newsfile Corp. - August 27, 2025) - Trans Mountain Corporation ("TMC" or "the Company") today announced its financial and operating results for the second quarter of 2025. "Through the second quarter and year-to-date, Trans Mountain has delivered sustained operational excellence and reliable financial performance," said Mark Maki, Chief Executive Officer, Trans Mountain. "Since the beginning of the [Read more]