(Oil Price) – In a move that fuses domestic revival with international strategy, the Trump administration has greenlit the expansion of Montana’s Bull Mountains coal mine—unlocking nearly 60 million tons of coal destined for key U.S. allies Japan and South Korea. The approval, announced Friday by the Department of the Interior, comes under President Trump’s national energy emergency directive, signaling a bold return
Publisher’s Note: Vermilion Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17-20, 2025. Register to attend. (World Oil) – Vermilion Energy Inc. has entered into a definitive agreement for the sale of its U.S. assets for cash proceeds of ~$88 million ($120 million CAD). Proceeds from the transaction will go towards debt repayment to further accelerate deleveraging efforts and
(Oil Price) – Spain did not import any crude oil from Venezuela in April, ahead of a U.S. deadline in May for foreign operators to wind down operations in the South American country, official Spanish data showed on Friday. Earlier this year, Spain’s imports of crude oil from Venezuela jumped by nearly 60% in January and February compared to the same period of 2024. Spain’s
(BOE Report) – CALGARY – A major shareholder in fuel refiner and retailer Parkland Corp. says it plans to vote against its planned takeover by U.S. heavyweight Sunoco LP. Engine Capital owns 2.5 per cent of Parkland’s shares, making it one of the Calgary-based company’s biggest investors. In a letter to Parkland’s board of directors, Engine’s leadership argues the Sunoco deal
This week’s Baker Hughes Rig Count shows that the U.S. decreased by 4 over last week, resulting in a total count of 559 rigs. Canada had an increase of 2 over last week, resulting in a total Canadian count of 114 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Cana Woodford and the Haynesville region experienced
(Investing) – OPEC+ has been unwinding its voluntary production cuts at a faster rate than it had previously outlined, although this has yet to translate into a noticeable change in volumes on very large crude carriers, according to analysts at Jefferies. Since April, the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, has either made
