TORONTO – International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operating results and related management’s discussion and analysis (MD&A) for the three and six months ended June 30, 2021. IPC also released its Sustainability Report 2020, which details the Corporation’s environmental, social and governance (ESG) performance. Q2 […]
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A tank farm at the Enbridge pipelines terminal in Sarnia. Article content Canadian pipeline operator Enbridge Inc reported second-quarter profit which beat expectations on Friday, as oil volumes transported on its Mainline system rose from a year ago due to a rebound in fuel demand. Article content The performance reflects a steady recovery in Canada’s […]
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Aug 3 (Reuters) – Abu Dhabi National Energy Company is nearing a deal to sell some light oil and natural gas-producing assets in Alberta and British Columbia to privately owned Blue Sky Resources Ltd, three sources familiar with the matter told Reuters. Abu Dhabi National Energy Company, also called TAQA, has reached an agreement on […]
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* Canadian dollar weakens 0.2% against the greenback * Loonie trades in a range of 1.2489 to 1.2542 * Price of U.S. oil falls 2.4% * Canadian 10-year yield touches its lowest since Feb. 18 TORONTO, Aug 3 (Reuters) – The Canadian dollar on Tuesday weakened for a third day against its U.S. counterpart as […]
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BC-Shale-Drillers-Leave-$12-Billion-on-Table-With-Bad-Bets-on-Oil , David Wethe and Kevin Crowley (Bloomberg) — Shale explorers are facing almost $12 billion in losses this year from bad bets on oil after a global rally, according to BloombergNEF. Of the 50 U.S. drillers surveyed by BNEF, Devon Energy Corp., Pioneer Natural Resources Co. and Diamondback Energy Inc. are on track to […]
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German share price index DAX graph is pictured at the stock exchange in Frankfurt (Reuters) – Strong earnings updates from oil major BP, banks and others drove European stocks to record highs on Tuesday even as concerns lingered over rising Delta variant cases and China’s regulatory moves. After a hesitant start, the region-wide STOXX 600 […]
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TORONTO, Aug. 03, 2021 (GLOBE NEWSWIRE) — International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operating results and related management’s discussion and analysis (MD&A) for the three and six months ended June 30, 2021. IPC also released its Sustainability Report 2020, which details the Corporation’s environmental, social […]
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Kavango Basin oil exploration is lighting up again with a series of big announcements on Friday by the junior explorer behind what we consider is the most exciting onshore play in a decade . After stunning markets with two consecutive confirmations of an active petroleum system in Namibia’s giant Kavango Basin, Reconnaissance Energy Africa ( […]
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Jake Klein is taking lockdown…well. Pic: Evolution share EVOLUTION MINING Evolution Mining executive chairman Jake Klein produced a sensational zag on Day 2 of the Diggers and Dealers, hinting a dot com style bubble may be forming around the valuation of “green minerals” companies. It came in the wake of day-one proceedings that saw decarbonisation […]
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Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – According to the recently released data by Statistics Canada (StatCan), Canada’s real gross domestic product contracted 0.3% in May, following […]
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