Canada
Dividends/Buybacks , Exploration & Production
Cardinal Energy Declares April Dividend
Canadian oil and gas company Cardinal Energy Ltd. will pay a CA$0.06 (US$0.044) per common share dividend.
Pipelines , Trade , International
Biden Administration Argues Against Enbridge Pipeline Shutdown Order
The U.S. argues that shutting down the pipeline could interrupt service and violate a 1977 treaty between the U.S. and Canada to keep oil flowing.
Midstream , Dividends/Buybacks
Pembina Declares Series of Quarterly Dividends
Pembina Pipeline Corp’s board of directors declared quarterly dividends for series 1, 3, 5, 7, 9, 15, 17, 19, 21, 22 and 25.
Crude Oil , Pipelines
US Gulf Coast Heavy Crude Oil Prices Firm as Supplies Tighten
Pushing up heavy crude prices are falling oil exports from Mexico, the potential for resumption of sanctions on Venezuelan crude, the imminent startup of a Canadian pipeline and continued output cuts by OPEC+.
Natural Gas , Artificial Intelligence , DUG Haynesville , CERAWeek
Plus 16 Bcf/d: Power Hungry AI Chips to Amp US NatGas Draw
Top U.S. natural gas producers, including Chesapeake Energy and EQT Corp., anticipate up to 16 Bcf/d more U.S. demand for powering AI-chipped data centers in the coming half-dozen years.
Renewables , Energy Storage , Hydrogen , RNG , Solar , Wind
Energy Transition in Motion (Week of April 5, 2024)
Here is a look at some of this week’s renewable energy news, including the U.S. Environmental Protection Agency’s $20 billion ‘green bank.’
Pipelines
Early Startup of Trans Mountain Pipeline Expansion Surprises Analysts
Analysts had expected the Trans Mountain Pipeline expansion to commence operations in June but the company said the system will begin shipping crude on May 1.
Lease Sales
Marketed: Outpost Energy Alberta Properties Divestiture
Outpost Energy has retained Sayer Energy Advisors for a corporate sale process on properties in Alberta.
Promotions , Midstream
TC Energy Appoints Sean O’Donnell as Executive VP, CFO
Prior to joining TC Energy, O’Donnell worked with Quantum Capital Group for 13 years as an operating partner and served on the firm’s investment committee.
Midstream , Natural Gas liquids (NGL) , Acquisitions & Divestitures
Enbridge Sells Off NGL Pipeline, Assets to Pembina for $2.9B
With its deal to buy Enbridge’s NGL assets closed, Canada's Pembina Pipeline raised EBITDA guidance for 2024.