Blackstone Secures Option to Acquire Major Nickel Asset
December 5, 2023
HIGHLIGHTS Blackstone has executed an option agreement to acquire 100% of the Wabowden nickel…
Eguana Announces DHCT and Corporate Update
December 5, 2023
Calgary, Alberta–(Newsfile Corp. – December 5, 2023) – Eguana Technologies Inc. (TSXV: EGT)…
These companies helped the German DAX index hit its all-time high
December 5, 2023
2023-12-05 21:02:00 ET The DAX 40 index surged to its all-time high on Tuesday, continu…
Seeking Value in a Declining Market: Canadian Stocks at a Discount
December 5, 2023
2023-12-05 20:30:00 ET There is a silver lining when markets are declining. If we can remai…
Saturn Oil & Gas Inc. Announces its First Development of Cardium and Bakken Light Oil and the Highest Initial Production Rates on New Frobisher Wells to Date
December 5, 2023
Calgary, Alberta–(Newsfile Corp. – December 5, 2023) – Saturn Oil & Gas Inc. (TSX: SOIL) (FS…
Alvopetro Announces November 2023 Sales Volumes and an Operational Update
December 5, 2023
Alvopetro Announces November 2023 Sales Volumes and an Operational Update Canada NewsWi…
Suncor Energy Announces 2024 Corporate Guidance
December 5, 2023
All financial figures are in Canadian dollars, unless noted otherwise Upstream production of …
Suncor Energy Announces 2024 Corporate Guidance
December 5, 2023
All financial figures are in Canadian dollars, unless noted otherwise Upstream production of …
Is a new oil price war looming?
December 5, 2023
Oil Price U.S. crude oil production broke another record in September, putting additional pressure on the OPEC+ group, which looks to keep oil prices above $80 per barrel by controlling “market stability.” The underwhelming OPEC+ meeting last week showed that there is dissent within the group about deeper cuts and production quotas. The Saudis rolled over their extra voluntary cut of 1
FOCUS-Exxon’s CEO sets ambitious agenda on tight timeline
December 5, 2023
Nasdaq Exxon Mobil XOM.N CEO Darren Woods’ first five years at the oil company were marred by missed oil production targets, an investor rebellion and the company’s biggest-ever financial loss. Redemption came this year when – aided by a share price pumped up by high oil prices – he clinched a $60 billion deal to buy shale rival Pioneer Natural Resources PXD.N to guarantee a
Latest cuts leave OPEC with fewer options
December 5, 2023
Oil Price Last week, OPEC and its partners from OPEC+ agreed to deepen and extend their production cuts into the first quarter of 2024. The move, almost unanimously seen as a means to propping up oil prices, did not have the desired effect. After an initial jump, benchmarks slid again, with Brent crude dipping below $80 per barrel on Monday morning
FOCUS-Canada oil firms face losses as booming supply runs into Trans Mountain delays
December 5, 2023
Nasdaq Canadian oil producers are bracing for further potential delays to the Trans Mountain pipeline expansion (TMX) that could cost them millions of dollars in lost revenues in coming months after they ramped up production ready to fill the expanded line, meant to unlock access to Asia. However, the project, about 95% completed, has been beset by construction issues in
