SUBSCRIBE
PROFILE

International Petroleum repurchases 277,060 common shares in April across two markets

International Petroleum Corporation repurchased 277,060 common shares between 7 and 11 April under its ongoing share buyback programme, using the Toronto and Stockholm exchanges.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

International Petroleum Corporation, a Canadian oil and gas exploration and production company, announced the repurchase of a total of 277,060 of its own common shares between 7 and 11 April. This transaction forms part of its ongoing Normal Course Issuer Bid (NCIB), authorised since 5 December 2024 and scheduled to run until 4 December 2025.

Breakdown across Stockholm and Toronto markets

During the stated period, 198,000 shares were acquired via the Nasdaq Stockholm exchange, executed by brokerage firm Pareto Securities AB. Simultaneously, 79,060 shares were repurchased on the Toronto Stock Exchange (TSX) through ATB Securities Inc. All shares repurchased are scheduled to be cancelled, in compliance with regulations set by Canadian and Swedish market authorities.

Regulatory compliance and legal framework

The NCIB was implemented under the framework of the Market Abuse Regulation (EU) No 596/2014 and Commission Delegated Regulation (EU) No 2016/1052 on secure buyback practices, alongside applicable rules from Canadian and Swedish regulators. Full transaction details for the Nasdaq Stockholm activity during the period are available on the company’s official website.

Current status and remaining programme capacity

From the start of the programme on 5 December 2024 through to 11 April 2025, a total of 4,978,369 common shares have been repurchased. The NCIB permits the acquisition of up to 7,465,356 shares over the twelve-month period. As of 11 April, International Petroleum Corporation reported 115,176,514 outstanding common shares, with 484,000 held in treasury.

  • Popular on energynews.pro
CNOOC launches production at Weizhou 11-4 oilfield in South China Sea
BOTAŞ strengthens LNG capacity with expansion of Marmara Ereğlisi terminal
JERA and Newlab partner to scale up industrial testing of CO₂ capture technologies
Vattenfall launches a platform to reuse dismantled wind turbine components
Paris appoints Jean-Bernard Lévy to review subsidies for renewables
Venezuelan crude exports to Europe drop by 75% in 2025
The revocation of US licences limits European companies’ operations in Venezuela, triggering a collapse in crude oil imports and a reconfiguration of bilateral energy flows.
Bourbon secures five-year contract with ExxonMobil for Angola’s Block 15
Bourbon has signed an agreement with ExxonMobil for the charter of next-generation Crewboats on Angola’s Block 15, strengthening a strategic cooperation that began over 15 years ago.
Shadow fleet renews tankers to bypass sanctions and operational risks
Faced with tighter legal frameworks and reinforced sanctions, grey fleet operators are turning to 15-year-old VLCCs and scrapping older vessels to secure oil routes to Asia.
ReconAfrica identifies 64 metres of recoverable oil at Kavango West 1X well in Namibia
Reconnaissance Energy Africa completed drilling at the Kavango West 1X onshore well in Namibia, where 64 metres of net hydrocarbon pay were detected in the Otavi carbonate section.
Shell and Equinor finalise the creation of Adura, largest independent North Sea producer
The Adura joint venture merges Shell and Equinor’s UK offshore assets, becoming the leading independent oil and gas producer in the mature North Sea basin.
Citgo shifts under Elliott control for $5.9bn pending U.S. approval
A Delaware court approved the sale of PDV Holding shares to Elliott’s Amber Energy for $5.9bn, a deal still awaiting a U.S. Treasury licence through OFAC.
Nigeria releases $100mn to accelerate local integration in the oil sector
A new $100mn fund has been launched to support Nigerian oil and gas service companies, as part of a national target to reach 70% local content by 2027.
Sanctions against Rosneft and Lukoil redirect oil flows toward Asia
Western measures targeting Rosneft and Lukoil deeply reorganise oil trade, triggering a discreet yet massive shift of Russian export routes to Asia without causing global supply disruption.
Nigeria auctions 50 oil blocks in its 2025 licensing round
The Nigerian Upstream Petroleum Regulatory Commission opens bidding for 50 exploration blocks across strategic zones to revitalise upstream investment.
Nigeria auctions 50 oil blocks in its 2025 licensing round
La Nigerian Upstream Petroleum Regulatory Commission ouvre la compétition pour 50 blocs d’exploration, répartis sur plusieurs zones stratégiques, afin de relancer les investissements dans l’amont pétrolier.
Serbia forced to shut down its only refinery after US sanctions
Serbia's only refinery, operated by NIS, has suspended production due to a shortage of crude oil, a direct consequence of US sanctions imposed on its majority Russian shareholder.
Oil prices rise amid tensions between Washington and Caracas
Crude prices increased, driven by rising tensions between the United States and Venezuela and drone attacks targeting Russian oil infrastructure in the Black Sea.
Tullow Oil cuts board size and seeks to refinance $1.8 bn debt
Amid persistent financial losses, Tullow Oil restructures its governance and accelerates efforts to reduce over $1.8 billion in debt while refocusing operations on Ghana.
Baghdad invites US companies to replace Lukoil on West Qurna 2
The Iraqi government is inviting US oil companies to bid for control of the giant West Qurna 2 field, previously operated by Russian group Lukoil, now under US sanctions.
Two tankers targeted in the Black Sea, Ankara warns over maritime security
Two tankers under the Gambian flag were attacked in the Black Sea near Turkish shores, prompting a firm response from President Recep Tayyip Erdogan on growing risks to regional energy transport.
Harbour Energy to cut 100 offshore jobs over sustained fiscal conflict
The British producer continues to downsize its North Sea operations, citing an uncompetitive tax regime and a strategic shift towards jurisdictions offering greater regulatory stability.
Dangote claims 100% of Nigerian petrol supply and demands priority access to crude
Dangote Refinery says it can fully meet Nigeria’s petrol demand from December, while requesting regulatory, fiscal and logistical support to ensure delivery.
BP restarts Olympic pipeline after leak, increasing pressure on safety
BP reactivated the Olympic pipeline, critical to fuel supply in the U.S. Northwest, after a leak that led to a complete shutdown and emergency declarations in Oregon and Washington state.
Washington increases military pressure on Caracas as Maduro alerts Opec
President Donald Trump confirmed direct contact with Nicolas Maduro as tensions escalate, with Caracas denouncing a planned US operation targeting its oil resources.
Zenith Energy accuses Tunisia of unauthorised sale of 3,987 barrels of oil
Zenith Energy claims Tunisian authorities carried out the unauthorised sale of stored crude oil, escalating a longstanding commercial dispute over its Robbana and El Bibane concessions.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.