LLOYDMINSTER - The premiers of Alberta and Saskatchewan are repeating their calls for federal support for energy projects and the abandonment of some industry regulations. Saskatchewan Premier Scott Moe and Alberta's Danielle Smith say if Prime Minister Mark Carney wants Canada to have the strongest G7 economy, he needs to repeal policies like the West Coast tanker ban and net-zero electricity regulations. Moe says Canada's top priority should be building an energy corridor that connects [Read more]
Headlines
NuVista Receives TSX Approval for the Renewal of its Normal Course Issuer Bid
CALGARY, Alberta, June 18, 2025 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. (TSX:NVA, "NVA" or the "Corporation") announces that the Toronto Stock Exchange (the "TSX") has approved the renewal of the Corporation's normal course issuer bid (the "2025 NCIB"). Normal Course Issuer Bid Renewal Pursuant to the 2025 NCIB, NuVista may purchase for cancellation, from time to time, as it considers advisable, up to a maximum of 16,398,617 common shares of the Corporation. The 2025 NCIB will become [Read more]
Tenth Avenue Petroleum Continues Southern Alberta Consolidation Strategy by Signing LOI to Acquire 23 Section of Lands, 154 Boe/d of Production and Infrastructure
CALGARY, AB – TheNewswire - June 18, 2025 – Tenth Avenue Petroleum Corp. (“TPC” or the “Company”) (TSXV:TPC) is pleased to announce that the Company has signed a Letter of Intent (“LOI“) to acquire a transformative acquisition (the “Bantry Acquisition”) targeting several horizons including Mannville (Basal Quartz, Glauc, Sunburst, Milk River and Medicine Hat) formations located, which further advances its previously stated growth strategy. The Bantry Acquisition is located in a well-established [Read more]
LNG Canada Prepares for First Export as Shell Canada Ramps Up Montney Licensing Activity to Multi-Year Highs – StackDX Intel
Canada's first liquefied natural gas (LNG) export is a highly anticipated milestone, with LNG Canada targeting an imminent start for its Kitimat, British Columbia facility. Each day brings the project closer to this goal, with a recent report from Reuters suggesting that first LNG could come as soon as this weekend. As LNG Canada prepares for first export, its major stakeholder Shell, is ramping up licensing activity via Shell Canada in the Montney natural gas play, a key supply source for [Read more]
Ships advised to keep their distance from Iran around Hormuz Strait
Commercial ships are sailing close to Oman and are being advised by maritime agencies to avoid Iran's waters around the Strait of Hormuz, with the risk of the conflict between Israel and Iran escalating, shipping sources said on Wednesday. Iran has in the past threatened to close the critical Strait of Hormuz to traffic in retaliation for Western pressure. Any closure of the strait could restrict trade and affect global oil prices. In the latest measure, ships sailing towards Hormuz are [Read more]
Iran and Israel trade accusations at UN shipping agency over sea lanes
Iran and Israel accused each other of endangering commercial activity in sea lanes around the Gulf and the Red Sea at the UN's shipping agency on Wednesday, as their military conflict escalated. Iran's delegation told a session of the International Maritime Organization's security committee that Israel had in recent days extended its "unlawful attacks" to include petrochemical and gas infrastructure in Asalouyeh along Iran's Gulf coast. "These actions directly endanger international [Read more]
Keyera buying Plains’ Canadian natural gas liquids business for $5.15 billion
CALGARY - Keyera Corp. has signed a deal to buy Plains' Canadian natural gas liquids business, as well as select U.S. assets, for $5.15 billion in cash. The assets under the deal include 193,000 barrels per day of fractionation capacity, 23 million barrels of storage capacity and over 2,400 kilometres of pipeline infrastructure. The deal also covers gas processing operations as well as loading and logistics infrastructure, including truck and rail terminals in Canada and the U.S. Keyera [Read more]
Canada could produce first LNG by this weekend, sources say
Canada could produce its first ever liquefied natural gas this weekend, from the LNG Canada export facility in Kitimat, British Columbia, two people familiar with the startup of the plant told Reuters on Wednesday. The facility, the first of a handful of Canadian LNG projects to begin production, will be the first LNG facility in North America with direct access to the Pacific coast, significantly reducing sail time to Asian markets. When fully operational it will have a capacity to export [Read more]
US crude inventories fall by most in a year, fuel stocks build, EIA says
U.S. crude oil stockpiles fell sharply last week, posting their largest decline in a year, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday. Crude inventories fell by 11.5 million barrels to 420.9 million barrels in the week ending June 13, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.8 million-barrel draw. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 995,000 barrels, the EIA said. Oil futures [Read more]
Iran leader rejects Trump’s call for surrender; Trump says patience has run out
Iranian Supreme Leader Ayatollah Ali Khamenei rejected Donald Trump's demand for unconditional surrender on Wednesday, and the U.S. president said his patience had run out, though he gave no clue as to what his next step would be. Speaking to reporters, Trump declined to say whether he had made any decision on whether to join Israel's bombing campaign against the Islamic Republic. The Iranians had reached out but "it's very late to be talking", he said. "There's a big difference between [Read more]
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