U.S. Inauguration Day saw no immediate 25 per cent tariffs being levied against Canadian imports, including energy products, by the Trump government, but any relief was tempered by the need to anticipate what could be coming as part of the expected avalanche of executive orders.
The Edmonton Region Hydrogen Hub is Canada’s first and by far largest clean hydrogen hub, with Alberta’s Industrial Heartland (AIH) in its northeast dominating production and consumption at the present time.
Operators across Canada drilled more wells in 2024 compared to the prior year, with rig release counts up in all western provinces except for Saskatchewan.
Veren Inc. appointed Corey Bieber and Jodi J. Jenson Labrie to its board of directors.
Veren Inc. reported organic reserve additions of 121.4 million boe on a proved plus probable (2P) basis, excluding acquisitions and dispositions, replacing 173 per cent of its 2024 annual production.
Prospera Energy Inc. estimated field production in December at 661 boe/d (91 per cent oil).
Royal Helium Ltd. and its subsidiaries, Royal Helium Exploration Limited and Imperial Helium Corp. filed a notice of intention to make a proposal under the Bankruptcy and Insolvency Act (BIA).
Avanti Helium Corp. has completed its non-brokered private placement financing of 17,029,998 units of the company at nine cents per unit for aggregate gross proceeds of $1,532,700.
Coelacanth Energy Inc.’s board of directors approved the granting of incentive stock options under its stock option plan to acquire up to an aggregate of 3,877,378 common shares of the company and the granting of restricted share units (RSUs) under its restricted share unit plan to obtain up to an aggregate of 2,657,622 common shares to certain of its directors and officers.