Iran has restored gas production at three offshore platforms in the South Pars gas field that had been forced to halt output after Israeli attacks disrupted processing capacity at some onshore facilities, the chief executive of the Pars Oil and Gas Company told state media on Sunday. Touraj Dehqani said the platforms had not been damaged. He said production from the three platforms was being routed to other processing plants in the region while repairs continue at damaged facilities, including [Read more]
Headlines
Tiny Guyana poised for big Iran oil gains and growth strains
Guyana was already the world’s fastest growing economy before the U.S.-Israeli war on Iran drove up oil prices. Now, the tiny Caribbean nation of nearly 1 million people will reap an even bigger bonanza as the conflict reshapes global energy markets. The war that caused one of the largest energy disruptions in history highlights the growing importance of countries including Guyana that offer political stability and geographically unrestricted access to their estimated 11 billion barrels of [Read more]
“No Pathways, No Pipeline” makes No Sense says Friends of Science Society Citing Global Energy Shortfall and No Climate Emergency
CALGARY, AB, May 28, 2026 /PRNewswire/ -- Prime Minister Mark Carney's stance of "No Pathways, no pipeline" as reported by CTV News on May 25, 2026, makes no sense in a world facing an extreme energy shortfall, says Friends of Science Society, in response to the recently signed Implementation Agreement between Canada and Alberta. Friends of Science Society sees many problems with the agreement and issued an Open Letter to Premier Danielle Smith. They also produced a video explainer titled, [Read more]
Pine Cliff Energy Ltd. Announces Results of Shareholders’ Meeting, Annual Share Unit and Stock Option Grant, and Declares Monthly Dividend for June 30, 2026
Calgary, Alberta--(Newsfile Corp. - May 29, 2026) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") is pleased to announce all matters presented for approval at the Annual Meeting of Shareholders on May 29, 2026 (the "Meeting") have been approved. A total of 111,664,320 common shares representing 31.12% of Pine Cliff's issued and outstanding common shares were voted in connection with the Meeting. Each of the five nominees proposed by Pine Cliff and as set out [Read more]
Westgate Energy announces Q1 2026 financial results
CALGARY, AB, May 29, 2026 /CNW/ - Westgate Energy Inc. ("Westgate" or the "Company") (TSXV: WGT), is pleased to announce the filing of its unaudited financial and operating results for the three months ended March 31, 2026. The selected financial and operating information provided below should be read in conjunction with Westgate's unaudited consolidated financial statements and related management's discussion and analysis ("MD&A") for the three months ended March 31, 2026 and [Read more]
South Bow targets 2027 decision on Canada-US oil pipeline revival
Canada's South Bow will decide whether to proceed with its proposed partial revival of the Keystone XL oil pipeline by mid-2027, the company said on Friday, as it announced it has secured the shipper commitments it was seeking to advance the project. The proposed 550,000-barrel-per-day Alberta-to-Wyoming pipeline, dubbed Prairie Connector, could increase Canada's crude exports to the U.S. by 12%, adding much-needed Canadian pipeline capacity. South Bow, working with U.S. partner Bridger [Read more]
US drillers add oil, natural gas rigs for sixth straight week, Baker Hughes says
U.S. energy firms this week added oil and natural gas rigs for a sixth straight week, for the first time since May 2022, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by four to 562 in the week to May 29, its highest since May 2025. Despite this week's rig increase, Baker Hughes said the total count was still down one rig from this time last year. Baker Hughes said oil rigs rose by [Read more]
Record-low U.S. shale well backlog curbs fast output gains amid export surge
U.S. shale producers have the lowest stock of drilled-but-uncompleted wells on record, limiting their ability to move quickly to boost crude output and replace rapidly depleted oil inventories after exports and refinery processing jumped to plug the shortfall in supply caused by the U.S.-Israeli war on Iran. Producers in the United States have increased exports to Asia and Europe since the conflict began and Iran effectively shut the Strait of Hormuz, bottling up most Middle Eastern oil [Read more]
Trans Mountain Reports Q1 2026 Results
All financial figures are in Canadian dollars, unless noted otherwise. Calgary, Alberta--(Newsfile Corp. - May 29, 2026) - Trans Mountain Corporation ("Trans Mountain" or TMC" or "the Company") today announced its financial and operating results for the first quarter of 2026. "Trans Mountain continues to play an important role in moving Canadian crude oil to global markets," said Mark Maki, Chief Executive Officer of Trans Mountain. "In the first quarter, we delivered an average [Read more]
Economists pour cold water on recession talk after Canada’s economy stalls in Q1
OTTAWA - Canada's economy is still struggling to grow but some economists weighing in on the latest real gross domestic product results Friday argued that weakness may not qualify as a recession. StatCan reported Friday that the economy stalled in the first quarter of the year. While real GDP by expenditure was flat on a quarter-by-quarter basis, converting that to an annualized rate — the figure most economists pay close attention to — magnifies the quarterly changes and results in a [Read more]
- « Previous Page
- 1
- …
- 65
- 66
- 67
- 68
- 69
- …
- 3775
- Next Page »