TotalEnergies Drops Solar, Buys Equity In Gas
TotalEnergies (NYSE: TTE) announced it would sell 50% of a 1.4 GW North American solar portfolio for total cash proceeds of $950 million. The reason behind the transaction seems to have surfaced within hours when the firm also announced the purchase of a 49% interest in producing natural-gas assets in Oklahoma’s Anadarko Basin. The solar […]
BHP Shares Crash as China Halts Cargoes
China’s state-run buyer China Mineral Resources Group this week ordered mills and traders to halt purchases of all new BHP Group iron ore cargoes, freezing dollar-denominated deals and lifting Singapore iron ore futures 1.8% to $105.05 per ton. BHP shares fell as much as 4.8% in London while iron ore futures jumped around 1.8% to […]
Imperial Oil to Cut 900 Jobs in Major Restructuring
Imperial Oil (TSX: IMO) announced Monday it will eliminate 20% of its workforce by the end of 2027, cutting approximately 900 positions as the company restructures to reduce costs and adopt new technology. The energy producer, majority-owned by Exxon Mobil, expects the restructuring to generate $150 million in annual savings by 2028. Calgary will bear […]
Tamboran To Acquire Falcon Oil & Gas For $239M
Tamboran Resources (NYSE: TBN) will acquire Falcon Oil & Gas (TSXV: FO) in a transaction valuing Falcon’s subsidiaries at $239 million (US$172 million) in a massive energy consolidation move expected to close in Q1 2026. Under a definitive plan of arrangement, Tamboran will acquire all Falcon subsidiaries in exchange for 6,537,503 shares of Tamboran common […]
Nord Precious Metals Conducts Geophysical Survey At Castle To Identify Historical Workings
Nord Precious Metals (TSXV: NTH) has completed a geophysical study at their Castle property. The study, which consisted of an orientation survey using deep ground penetrating radar with Earth Scan Technology, targeted ground near to the historic workings found on site.
Mako Mining Enters Proposed Transaction For Acquisition Of Permitted Mt Hamilton Project In Nevada
Mako Mining (TSXV: MKO) is looking to again expand their portfolio. The company has entered into a binding term sheet with Sailfish Royalty Corp (TSXV: FISH) to acquire the Mt Hamilton Gold-Silver project in White Pine County, Nevada. Under the proposed arrangement, Sailfish will acquire the asset from Mt Hamilton LLC, after which through a […]
Anfield Energy Releases First Assay Results From JD-7 Mine Drill Program
Anfield Energy (TSXV: AEC) has released the first assay results from an ongoing drill program being conducted at their JD-7 mine in Colorado. Assays this morning were released for a total of 12 holes conducted under a 20 hole, 8,000 foot program.
Amex Exploration Begins Feasibility Study For Phase 1 Production At Perron
Amex Exploration (TSXV: AMX) has elected to continue to push forward with the development of their flagship Perron project in Quebec. The firm this morning announced that it has begun the process of conducting a feasibility study for the project. The study, which is currently slated to be released in the first quarter of 2026, […]
OPEC+ Extends Output Hikes After Ukraine Hits Russian Refineries
OPEC+ will likely approve at least a 137,000-barrel-per-day increase in November at its October 5 online meeting, with sources citing Ukrainian attacks on Russia’s oil infrastructure that helped lift prices above $70. Since reversing its cut strategy in April, the group has already raised quotas by more than 2.5 million bpd (about 2.4% of world […]
Epstein Calendars Show Planned Musk ‘Island’ Trip, Meetings with Thiel, Bannon
A new tranche of records from Jeffrey Epstein’s estate reveals the convicted sex offender scheduled meetings with wealthy tech executives and political operatives well into the final years of his life, according to documents released Friday by House Oversight Committee Democrats. The materials comprise 8,544 documents, including daily schedules, flight logs, phone records, and financial […]