Latest news with #energy
Globe and Mail
43 minutes ago
- Business
- Globe and Mail
TENAZ ENERGY CORP. ANNOUNCES 2025 ANNUAL MEETING RESULTS
CALGARY, ALBERTA--(Newsfile Corp. - May 29, 2025) - Tenaz Energy Corp. ("Tenaz", "We", "Our", "Us" or the "Company") (TSX: TNZ) is pleased to announce the results from its annual meeting of shareholders (the "Meeting") held on May 29, 2025. A total of 10,546,547 Common Shares, representing 37.41% of the Company's issued and outstanding Common Shares, were represented in person or by proxy at the Meeting. All of the matters put forward before the shareholders, as set out in the Company's management information circular dated April 25, 2025, were approved by the shareholders. Number of Directors: The number of directors to be elected was fixed at 6. Election of Directors: Each of the following six nominees were elected as directors of the Company: Nominee Votes for Votes withheld # % # % Anna Alderson 6,660,932 99.31 46,242 0.69 John Chambers 6,661,132 99.31 46,042 0.69 Anthony Marino 6,706,974 100.00 200 0.00 Marty Proctor 6,660,932 99.31 46,242 0.69 Varinia Radu 6,661,132 99.31 46,042 0.69 Mark Rollins 6,661,847 99.32 45,327 0.68 Appointment of Auditor: Deloitte LLP was reappointed as auditor of the Company. Unallocated Awards: All unallocated awards under the Tenaz Incentive Plan were approved. Votes for Votes against # % # % 6,048,334 90.18 658,840 9.82 About Tenaz Energy Corp. Tenaz is an energy company focused on the acquisition and sustainable development of international oil and gas assets. Tenaz is the second largest operator of natural gas assets in the Dutch sector of the North Sea and develops crude oil and natural gas at Leduc-Woodbend in Alberta. Additional information regarding Tenaz is available on SEDAR+ and at Tenaz's Common Shares are listed for trading on the Toronto Stock Exchange under the symbol "TNZ". For further information, contact: Tenaz Energy Corp. investors@ Anthony Marino President and Chief Executive Officer Direct: 587 330 1983 Bradley Bennett Chief Financial Officer Direct: 587 330 1714 /NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW/ To view the source version of this press release, please visit
Bloomberg
an hour ago
- Business
- Bloomberg
Japan's Top LNG Buyer Inks Preliminary Pact With Alaska Project
Japan's largest liquefied natural gas importer, JERA Co., signed an expression of interest to explore buying the fuel from a long-delayed export project in Alaska, according to people with knowledge of the matter. JERA, which is also the nation's largest power producer, inked the non-binding pact ahead of a summit in the US state next week, said the people, who asked not to be identified because the talks are private. JERA did not specify in the expression of interest how much LNG the company would potentially buy, the people said.
Zawya
an hour ago
- Business
- Zawya
Kuwait eyes public-private partnership energy projects to help end power crisis
KUWAIT CITY - Kuwait is hoping that new energy projects involving state and private investors will help the country tackle its power crisis, with one of the contracts due to be awarded within weeks, the acting director general of the Kuwait Authority for Partnership Projects (KAPP) said. Kuwait, a member of the Organization of the Petroleum Exporting Countries (OPEC), has been grappling with a severe electricity shortage driven by rapid population growth, urban expansion, rising temperatures, and delays in maintenance at some power plants. Since last year, the government has resorted to planned power cuts in some areas to reduce the load. Under KAPP's Public Partnership Projects (PPP) framework, companies are set up to carry out projects managed by a strategic partner. The partner, who can be Kuwaiti, foreign or a consortium of investors, is allocated 26% to 44% of the company's shares. The remaining 50% stake is offered to Kuwaiti citizens and the remainder retained by the government. The goods and services produced are sold back to the government. The authority is looking at several projects that will "ease the financial burden on the state budget, as their costs will be borne by the private sector," KAPP's acting director general Asmaa Al-Mousa told Reuters. Among the top-priority projects are the Khairan power project, the Dabdaba and Shagaya renewable energy project, as well as phases two and three of the Al-Zour North power plant, which are expected to be awarded "within weeks', after which implementation will begin, she said. Once completed, the Al-Zour North project will produce 2.7 gigawatts (GW) of power and 120 million gallons of water daily using combined-cycle technology, with construction set to take three years. Al-Mousa said she hopes to launch the tenders for phases one and two of the Dabdaba and Shagaya renewable energy project before the end of 2025. Phase one, with a production capacity of 1.1 GW, has already completed the qualification process and companies have been invited to submit qualification requests for phase two, which aims to produce 500 megawatts of electricity. The four phases of the Dabdaba-Shagaya project are expected to produce a total of 4.5 GW by 2030.
Zawya
an hour ago
- Business
- Zawya
Lukoil's Asia chief joins Turkish firm BGN to lead oil trading from Dubai
SINGAPORE - Estella Shi, managing director of Lukoil Asia Pacific, is to join Turkish energy trader BGN from June, trading sources with knowledge of her move told Reuters. Shi, a veteran oil trader with nearly three decades of experience, confirmed that she will make the move to become chief commercial officer at BGN, leading its trading operation from its Dubai office. Shi has worked in several companies during her career, including a trading subsidiary of Chinese shipping giant COSCO, China Aviation Oil, Chevron and European trading house Mercuria before becoming the head of Lukoil Asia Pacific in 2020. According to its LinkedIn account, Lukoil Asia Pacific is a subsidiary of Litasco Middle East DMCC. Shi, a Singapore national who has long been based in the Asian trading hub, is one of a small number of women executives in the Asian oil trading community. BGN, a privately-owned energy trading group with more than 80 years of history, is known for trading liquefied petroleum gas and chemicals. In addition to Dubai, BGN has offices in Houston, London, Geneva, Rotterdam and Singapore, operating a supply chain network and distribution centres in Europe, the U.S., the Middle East and Africa, its website said. BGN trades 50 million metric tons of commodities annually with a "double-digit billion-dollar" turnover, according to its website. Shi's former colleague at Litasco Middle East, Wael Amer, also recently joined BGN as its chief operating officer in Dubai, trading sources said. Amer confirmed his move and said he joined BGN in January. BGN did not immediately respond to a request for comment. Litasco Middle East did not respond to Reuters attempts to contact the company for comment by phone and email.
South China Morning Post
4 hours ago
- Business
- South China Morning Post
China's world-beaters in tech, energy sectors are focus of investors, JPMorgan says
Global investors are increasingly turning to China's global market leaders in the technology and energy sectors to diversify their investment portfolios amid heightened geopolitical tensions and uncertain economic outlook, according to JPMorgan. Advertisement Funds were not only targeting established firms in industries like car manufacturing, robotics and renewable energy but also capturing opportunities in China's innovative capabilities as market volatility spikes, said Kwang Kam Shing, Hong Kong CEO and chair for North Asia at the US' biggest bank. 'They are a group of very well informed and sophisticated investors,' Kwang said. 'Aside from just talking about the technology, there were discussions on how the supportive business ecosystem in China has effectively nurtured and developed this group of entrepreneurs and innovators.' Industrial robots inside a factory at Midea-Kuka Intelligent Manufacturing Science and Technology Park in Foshan, Guangdong province. Photo: Xinhua Some of China's biggest companies hold commanding leads in global markets. Electric-vehicle (EV) maker BYD has toppled Tesla in sales, while Contemporary Amperex Technology controls more than 38 per cent of the market for EV batteries. DeepSeek's breakthroughs in large-language models sparked a trillion-dollar global rout in Nvidia and US tech stocks in January. Advertisement Global investors' enthusiasm for those companies aligns with Beijing's efforts to bolster high-productivity sectors to combat an economic slowdown, Kwang said.
