RIWI Releases 2022 Audited Financials
May 12, 2023
Toronto, Ontario–(Newsfile Corp. – May 12, 2023) – RIWI Corp. (TSXV: RIWI) (OTC Pink: RWCRF) (th…
Trican Well Service Ltd. Announces the 2023 Annual Meeting Results
May 12, 2023
Calgary, Alberta–(Newsfile Corp. – May 12, 2023) – Trican Well Service Ltd. (TSX: TCW) (” Trican…
These 3 TSX Value Stocks Look Like a Steal Today
May 12, 2023
2023-05-12 17:00:00 ET On Wednesday, the United States Labor Department announced that the …
Power blackouts will be part of this summer in the U.S.
May 12, 2023
Oil Price Blackouts are likely this summer in the United States, according to the North American Electric Reliability Corp. The NERC warning came late on Wednesday, calling for “shortfalls” in power supplies to the U.S. West, Midwest, Texas, Southeast, New England—as well as Ontario—as temperatures rise. Last year, the warnings of power blackouts were less severe, in part because they didn’t
U.S. could start buying oil to refill SPR as early as June
May 12, 2023
Oil Price The U.S. Administration could begin crude oil repurchases to fill the Strategic Petroleum Reserve as early as in June, after a Congressionally-mandated sale from the SPR is completed next month, U.S. Secretary of Energy Jennifer Granholm said on Thursday. “That congressionally mandated sale of 26 million barrels will be completed by June, and it’s at that point where we
U.S. rig count had a decrease of 17 this week, at 731
May 12, 2023
Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 17 over last week, resulting in a total count of 731 rigs. Canada had a decrease of 1 over last week, resulting in a total Canadian count of 94 rigs. Breakdown by region Of the regions tracked by Baker Hughes, no regions experienced
How to Build a Bulletproof Passive Income Portfolio With Just $15,000
May 12, 2023
2023-05-12 14:00:00 ET The challenge for income-thirsty investors in 2023 is making the rig…
Trio Petroleum to acquire up to 100% of Union Avenue oil, gas field in California
May 12, 2023
World Oil (WO) – Trio Petroleum Corp. announced the signing of an Acquisition Agreement dated May 11, 2023 to potentially acquire up to 100% of the working interest in the Union Avenue oil and gas field in Bakersfield, California. Trio has engaged KLS Petroleum Consulting LLC, an independent engineering firm, to conduct a comprehensive analysis and valuation of the asset,
An oil production phaseout would cost Canada $74 billion
May 12, 2023
Oil Price A hypothetical scenario in which Canada phases out its oil production would end up costing it some $74 billion (C$100 billion), with Alberta bearing the brunt of that blow, a new report has suggested. Produced by a non-partisan think tank, the Public Policy Forum, the report looked at two scenarios for Canada achieving a net-zero status with regard to carbon
Crescent Point Energy closes Montney acquisition in Alberta for $1.26 billion
May 12, 2023
World Oil WO) – Crescent Point Energy Corp. has successfully closed its previously announced strategic and accretive acquisition of oil and liquids-rich Montney assets in Alberta for $1.7 billion in cash. This acquisition aligns with Crescent Point’s long-term strategy and enhances the company’s portfolio by adding 600 high-return Montney locations, further extending its premium drilling inventory to 15 years.
Shell suspends production at the world’s largest floating LNG facility
May 12, 2023
Oil Price Shell has halted production at Prelude LNG – the world’s largest floating liquefied natural gas facility offshore Australia – due to a trip, a spokesperson for the supermajor said on Friday without giving details when production could resume. “Production on the Shell-operated Prelude FLNG facility has been temporarily suspended due to a trip,” a spokeswoman for Shell told Reuters on
Gasoline prices stable as demand is balanced by lower oil prices
May 12, 2023
2023-05-12 10:05:54 ET May 12 (UPI) — Much like crude oil prices, the retail price for…
