SkySkopes News

CALGARY, AB – Entropy Inc. (“Entropy” or the “Corporation”), a subsidiary of Advantage Energy Ltd. (“Advantage”), is pleased to provide an operational update on its first post-combustion carbon capture and storage (“CCS”) project at the Glacier Gas Plant in Alberta, Canada. Commissioning of Phase 1 (47,000 tonnes per annum of CO2e (“TPA”)) has been completed as [Read more]

DENVER – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced it has received regulatory approvals for the renewal of its share buy-back program. This action is consistent with the Company’s capital allocation framework, which supports the goal of unlocking shareholder value by delivering on Ovintiv’s strategic priorities of financial strength, increasing cash returns to shareholders, [Read more]

U.S. natural gas futures gained about 3% on Wednesday as global oil and gas prices surged and forecasts rose for U.S. gas demand over the next two weeks. Oil prices jumped about 4% following unexpected drawdowns in U.S. crude and fuel stocks, and as the U.S. dollar edged off recent gains. The gas price increase [Read more]

TotalEnergies said on Wednesday it is looking to spin off its Canadian oil sands operations and list them on the Toronto Stock Exchange, as the assets do not fit with the French oil major’s low-emissions strategy. At an investor presentation in New York, TotalEnergies said the proposal would be subject to a shareholder vote at [Read more]

About 157,706 barrels, or 9%, of oil production in the U.S. Gulf of Mexico were shut on Wednesday by Hurricane Ian, said offshore regulator Bureau of Safety and Environmental Enforcement. Hurricane Ian was lashing Florida’s Gulf Coast with powerful winds and drenching rain, but the Category 5 storm steered clear of the Gulf’s richest oil [Read more]