In the last five years, there has been speculation about hydrogen as an energy pathway for transition to a low-carbon world. Hydrogen as an energy pathway was always going to be a difficult route, due to physics. Molecular hydrogen (H₂) doesn’t naturally exist on earth in substantial quantities or purities. Some recently published hydrogen strategies make a lot of assumptions and don’t seem to consider the physical realities that impact the economic value of hydrogen as an energy [Read more]
Headlines
Oil tanker market signals more Middle East energy disruption ahead: Bousso
*Mideast tanker rates soar by 40% since June 13 *Rates in other region rise, reflecting Mideast tensions *Ship navigation systems in Gulf face heavy interferences By Ron Bousso LONDON, June 18 - While global energy markets are not yet pricing in worst-case scenarios for the Israel-Iran war, oil tanker rates are providing a good real-time gauge of the escalating risks. Geopolitical risk has spiked following Israel's surprise bombardment of the Islamic Republic last Friday and [Read more]
Malaysia to build 50% more gas-fired power capacity to meet data centre demand, official says
Malaysia is expected to add 6-8 gigawatts of gas-fired power by 2030 to address growing electricity consumption driven by demand from data centres, an industry official said. The country is expected to see the fastest surge in data centre power demand in southeast Asia, with its share of electricity consumed by data centres in the region to triple to 21% by 2027 from 7% in 2022, a joint report in May by Bain & Co with others including Google and Temasek showed. Rising gas demand could [Read more]
Energy majors lock onto Southeast Asia in race for more gas for AI power demand
Energy majors are pouring money into gas exploration and production in Malaysia and Indonesia to meet rising power demand from growing populations and a proliferation of data centres in the region. The wave of investments come as European majors pivot back to more profitable conventional fuels as countries embark on different energy transition paths, while Southeast Asian governments want more affordable local gas supplies to drive economic growth and improve energy security. At the Energy [Read more]
Israel-Iran developments in next 3-5 days critical for global energy markets, Yergin says
Developments in the Iran-Israel conflict in the next three to five days will be critical to global energy markets even though oil and gas supplies from the Gulf have not yet been disrupted, oil historian Daniel Yergin said on Wednesday. Iran and Israel launched new missile strikes at each other on Wednesday as the air war between the two longtime enemies entered a sixth day despite a call for Tehran's "unconditional surrender" from U.S. President Donald Trump after he left a Group of Seven [Read more]
Oil prices keep climbing as Iran-Israel conflict enters sixth day
Oil prices rose in Asian trade on Wednesday, extending a 4% gain from the previous session on worries that the Iran-Israel conflict could disrupt supplies. Brent crude futures rose 26 cents, or 0.3%, to $76.71 a barrel by 0440 GMT. U.S. West Texas Intermediate crude futures rose 35 cents, or 0.5%, to $75.19 per barrel. U.S. President Donald Trump on Tuesday called for Iran's "unconditional surrender" as the Iran-Israel air war entered a sixth day. The U.S. military is deploying more [Read more]
Whitecap Resources Announces $300 Million Offering of Senior Notes
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CALGARY, AB, June 17, 2025 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has priced an offering of $300 million principal amount of 3.761% senior unsecured notes due June 19, 2028 (the "Notes"). The net proceeds will be used to repay existing indebtedness and for general corporate purposes. Whitecap's investment grade credit rating [Read more]
New oil and gas jobs from BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Jun. 16 Field Operator - Technical Graduate Roska DBO Whitecourt Jun. 12 On-site Project Controller Strike Group Fort St. John Jun. 12 Journeyperson [Read more]
Discount on Western Canada Select narrows
The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures narrowed on Tuesday. WCS for July delivery in Hardisty, Alberta, settled at $9.15 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $9.20 a barrel in Monday's trade. * Canadian heavy crude has been trading at a tight discount in recent months in part due to the opening of the Trans Mountain pipeline expansion one year ago, which boosted the country's oil [Read more]
CES Energy Solutions Corp. announces voting results of the election of Directors
CALGARY, AB, June 17, 2025 /CNW/ - CES Energy Solutions Corp. ("CES" or the "Company") (TSX: CEU) (OTC: CESDF) is pleased to announce the results of the matters to be voted on at the annual general and special meeting of shareholders held on June 17, 2025 (the "Meeting"). Based on the proxies received and on a ballot conducted at the Meeting, the following individuals, being the seven nominees listed in the management information circular of the Company dated May 8, 2025 (the "Circular"), were [Read more]
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