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Whitecap Resources and Veren to Combine in a $15 Billion Transaction to Create a Leading Canadian Light Oil and Condensate Producer

CDN and International News, Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Oil, Press Releases / By

CALGARY, AB, March 10, 2025 /CNW/ – Whitecap Resources Inc. (“Whitecap”) (TSX: WCP) and Veren Inc. (“Veren”) (TSX: VRN) (NYSE: VRN) are pleased to announce a strategic combination to create a leading light oil and condensate producer with concentrated assets in the Alberta Montney and Duvernay. The combined company will be the largest Alberta Montney and Duvernay landholder, a prominent light oil producer in Saskatchewan and …

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Gas Pipeline Nord Stream’s Long Way Back to Europe

CDN and International News, Conventional Energy, Latest, Natural Gas / By

(Reuters) – A push by the United States to end the war in Ukraine has raised questions about how companies might begin to return to the Russian market and how Europe might re-engage with Moscow, including resuming piped natural gas supplies. The Nord Stream pipeline across the Baltic Sea to Germany is by far the …

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How Natural Gas Became America’s Most Important Export

Conventional Energy, Latest, LNG, Pinned Primary, US News / By

The White House’s LNG-powered diplomacy will only expand in Trump’s second term. Ripping up old alliances and turning the post-World War II axis on its head would have been impossible for any previous American president because of the insatiable US thirst for imported energy. But the Trump White House is able to lean on an …

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US Natural Gas Prices Climb on Cold Weather, Supply Concerns Ahead of Summer

Conventional Energy, Latest, Natural Gas, US News / By

U.S. natural gas prices rose on Friday, setting their best weekly performance in two months, as colder-than-usual weather fueled concerns over supply replenishment ahead of summer when demand typically increases for power generation to run air conditioners. Front-month gas futures for April delivery on the New York Mercantile Exchange were up 9.7 cents, or 2.3%, …

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Oil Up, But Off Highs as Trump Warns New Russia Sanctions Possible

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary • Brent and WTI fall more than 3% over the week • Trade war risks and OPEC+ supply increase weigh on market HOUSTON, March 7 (Reuters) – Oil prices gained on Friday but retreated from session highs after U.S. President Donald Trump threatened sanctions on Russia if it fails to reach a cease-fire with …

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US Mulls How to Ease Russia Energy Sanctions Quickly if War Ends, Sources Say

Latest, US News / By

(Reuters) – The U.S. government is studying ways it could ease sanctions on Russia’s energy sector as part of a broad plan to enable Washington to deliver swift relief if Moscow agrees to end the Ukraine war, according to two sources familiar with the matter. Reuters had reported earlier in the week that the United …

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Canadian Natural Resources Says Tariffs Not Changing Appetite for Acquisitions

CDN and International News, Latest / By

The oilsands company will now pay a quarterly dividend of 58.75 cents per share CALGARY — Oil and gas heavyweight Canadian Natural Resources Ltd., fresh off two major deals, says volatility from U.S. tariffs isn’t making it hungrier for more acquisitions. On its fourth-quarter conference call Thursday, an analyst asked Canadian Natural president Scott Stauth …

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