Shell has been ordered to pay Venture Global’s legal fees for an arbitration case that the liquefied natural gas exporter prevailed in over the oil giant https://t.co/BqjXpCxJCh ...

Core Insights - Prairie Provident Resources Inc. reported its financial and operational results for Q3 2025, highlighting a net loss of $6.9 million, which is a reduction of $12.0 million compared to Q3 2024 [6][7]. Financial Highlights - Revenue from petroleum and natural gas sales for Q3 2025 was $9.394 million, down from $12.554 million in Q2 2025 and $9.651 million in Q3 2024 [6]. - The net income (loss) for YTD 2025 was $(19.535) million, compared to $(6.841) million for YTD 2024 [6]. - Adjusted Funds Flow (AFF) for Q3 2025 was $(557,000), a decrease from $3.117 million in Q2 2025 and an increase from $264,000 in Q3 2024 [6][8]. Operational Highlights - Average production for Q3 2025 was 2,295 boe/d, which is a 6% increase or 122 boe/d compared to Q3 2024, primarily due to increased Basal Quartz production [7]. - Operating expenses for Q3 2025 were $30.39 per boe, reflecting a 13% increase from Q3 2024 [7]. - The operating netback for Q3 2025 was $1.9 million, or $9.18 per boe, representing a 27% decrease compared to Q3 2024 [7]. Subsequent Events - On October 31, 2025, the company completed a preferred share financing, raising $26.5 million in gross proceeds and amended its debt agreements to extend maturities by 24 months and defer cash interest obligations through 2026 [3]. - The company spud a three-leg open-hole Ellerslie horizontal well on November 13, 2025, and began construction of a water disposal facility to reduce operating costs and maximize production [4].

U.S. crude oil inventories increased more than expected last week as U.S. production hit a record high and exports fell, according to data released Thursday by the U.S. Energy Information Administration. Commercial crude oil stocks, excluding the Strategic Petroleum Reserve, rose by 6.4 million barrels to 427.6 million barrels, in the week ended Nov. 7, and were about 4% below the five-year average for the time of year, the EIA said. Analysts in a Wall Street Journal survey had expected a 400,000 barrel cru ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

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Alvopetro Energy Ltd (TSX-V:ALV, OTC:ALVOF) is looking to build on a record-setting third quarter, as the Canadian oil and gas producer deepens its foothold in Brazil while expanding its optionality through a growing Canadian portfolio. The company posted record production in the third quarter, averaging 2,343 barrels of oil equivalent per day (BOE/d), driven largely by its Murucututu natural gas project in Brazil. That performance generated more than US$10 million in funds flow from operations, with Octobe ...

Core Insights - The International Energy Agency (IEA) projects that oil and gas demand could continue to grow until 2050, moving away from previous expectations of peak oil demand due to slower adoption of green technologies [1][2][9] - The IEA's "Current Policies Scenario" anticipates global oil demand rising to 105 million barrels per day by 2035 and 113 million barrels per day by 2050, driven mainly by petrochemical feedstocks and aviation [6][10] - The share of electric vehicles (EVs) in total car sales is expected to plateau after 2035, contributing to sustained oil demand growth into the 2030s and beyond [7][11] Demand Projections - Under the "Current Policies Scenario," global oil demand is projected to increase from 100 million barrels per day last year to 105 million barrels per day in 2035 and 113 million barrels per day in 2050 [6] - The "Stated Policies Scenario" suggests oil demand will peak at 102 million barrels per day around 2030 before gradually declining, while gas demand continues to grow into the 2030s [11] Renewable Energy Outlook - Renewables are expected to grow faster than any other major energy source, with solar photovoltaics leading the charge, particularly in China, which is projected to account for 45% to 60% of global deployment over the next decade [16] - The share of renewables in electricity generation is projected to reach nearly 55% by 2035 in the "Stated Policies Scenario," while the "Current Policies Scenario" sees slower growth due to challenges in grid integration [18] Climate Impact - The IEA warns that even with increased renewable energy adoption, energy-related emissions will not sufficiently mitigate climate risks, with global temperatures projected to rise by nearly 3°C by 2100 under the "Current Policies Scenario" [19][20] - The "Stated Policies Scenario" predicts a slightly lower temperature increase of 2.5°C, while the Net Zero Emissions scenario indicates temperatures exceeding 1.5°C for several decades before returning below that threshold by 2100 [20] Energy Security Concerns - The IEA emphasizes the importance of energy security, highlighting the need for reliable electricity grids, energy storage, and demand-side flexibility [22] - The concentration of supply in critical minerals, particularly in refining where China controls around 70% of the market for most energy-related minerals, poses significant challenges [22]

Russian energy giant Lukoil said it’s talking to bidders about its international energy assets, with days to go before US sanctions against the company are due to begin https://t.co/dBjewaPZc0 ...

A Texas private equity firm told a judge that Paul Singer’s Elliott Investment Management would hurt 100 other investors if an oil and gas fund was forced to liquidate assets now as part of a legal dispute over expenses https://t.co/CWYlHHS6Nf ...

We recently published Market in Turmoil but These 10 Stocks Are on Fire .Baytex Energy Corp. (NYSE:BTE) is one of the best-performing stocks on Thursday. Baytex Energy extended its winning streak to a 7th consecutive session on Thursday to hit a new 52-week high as investors took heart from an investment firm’s bullish coverage for its stock. During the trading session, the stock climbed to its highest price of $3.25 before trimming gains to end the day just up by 3.63 percent at $3.14 apiece. In its ma ...