Chinese state energy major PetroChina has been waiting to unload a cargo of U.S. crude at Nigeria's giant new refinery for nearly a month due to payment issues, according to four trading sources and shipping data. The impasse highlights difficulties the $20 billion plant funded by Africa's richest man Aliko Dangote faces in its aim to be the biggest refinery on the continent and in Europe when it reaches full capacity this or next year. Dangote aims to reverse the trend by which the [Read more]
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Clearview Resources Ltd. reports 2023 year end results
CALGARY, AB, April 25, 2024 /CNW/ - Clearview Resources Ltd. ("Clearview" or the "Company") is pleased to announce its reserves report and financial and operational results for the year ended December 31, 2023. 2023 HIGHLIGHTS Disposed of two non-core non-operated assets in 2023 for gross proceeds of $2.1 million at $20,000 per flowing barrel of oil equivalent per day ("boe/d") reducing corporate asset retirement obligations by $2.4 million; Paid a $1.5 million return of capital [Read more]
Vital Energy announces 2023 filing of financials and reserves evaluation and results of the Pembina drilling program
Calgary, Alberta--(Newsfile Corp. - April 25, 2024) - Vital Energy Inc. (TSXV: VUX) (the "Corporation") announces that the Corporations's 2023 Annual Financial Statements, Management's Discussion and Analysis and Forms 51-101 regarding Statement of Reserves Data and Other Oil and Gas Information have been filed on SEDAR (www.sedarplus.ca) and are also available on the Corporation's website (www.vitalenergyoil.com). On October 25, 2023, the Corporation commenced drilling six (6) horizontal [Read more]
Tuktu Resources Ltd. announces 2023 year-end results and reserves
Calgary, Alberta--(Newsfile Corp. - April 25, 2024) - Tuktu Resources Ltd. (TSXV: TUK) ("Tuktu" or the "Company") is pleased to announce the results of its year-end independent oil and gas reserves evaluation as of December 31, 2023 (the "Deloitte Report"), as prepared by its independent reserves evaluator, Deloitte Canada LLP ("Deloitte"), as well as the release of its annual information form ("AIF"), audited annual financial statements ("Financial Statements") and related management's [Read more]
As demand for US LNG booms, one plant struggles to stay online
The second-largest U.S. liquefied natural gas (LNG) export facility has been running below 80% of its capacity due to technical problems, data from financial firm LSEG showed, denting U.S. exports. Since Jan. 15, Freeport LNG's Quintana, Texas, liquefaction plant has been operating without at least one of its three gas-processing trains. In the last two weeks, it has taken barely enough gas for one of its trains to fully operate. On Thursday, it took in 61 million cubic feet (mcf) of gas, [Read more]
Petrus Resources announces monthly activity update
CALGARY, Alberta, April 25, 2024 (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 [Read more]
Perpetual Energy Inc. announces the completion of the early redemption of its senior secured notes
CALGARY, AB, April 25, 2024 /CNW/ - (TSX: PMT) – Perpetual Energy Inc. ("Perpetual", or the "Company") is pleased to announce the completion of its previously announced early redemption of its 8.75% senior secured third-lien notes maturing January 23, 2025 (the "2025 Senior Notes"), with the opportunity for noteholders to elect to continue to hold such notes subject to certain amendments. Of the $33.2 million aggregate principal amount of 2025 Senior Notes outstanding, approximately $7.0 million [Read more]
Obsidian Energy announces date of first quarter 2024 results and AGM webcast
Calgary, Alberta--(Newsfile Corp. - April 25, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") expects to release our first quarter 2024 financial and operational results (the "Release") before North American markets open on Thursday, May 2, 2024. In addition, the first quarter management's discussion and analysis and the unaudited consolidated financial statements will be available on our website at www.obsidianenergy.com, and [Read more]
Advantage announces first quarter 2024 financial and operating results
(TSX: AAV) CALGARY, AB, April 25, 2024 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation") is pleased to report 2024 first quarter financial and operating results. Advantage continued to execute on its three-year plan in the first quarter, delivering exceptional well results and expanding our Tier 1 drilling inventory. Since we exited 2023 with net debt below our target range, we were able to enhance shareholder returns in a period of weak commodity pricing with opportunistic, [Read more]
US states sue over rule curbing oil and gas methane waste
Four Republican-led states have sued the U.S. Interior Department to block a rule that cracks down on leaks of planet-warming methane during oil and gas drilling on public lands. Texas, North Dakota, Montana and Wyoming filed the lawsuit in North Dakota federal court on Wednesday, challenging a rule finalized in March by the U.S. Bureau of Land Management (BLM) requiring drillers to develop plans to detect leaks, make repairs and minimize waste of methane, a potent greenhouse gas. The rule [Read more]
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