Connection

popular articles

Gunvor and VARO invest in a sustainable biofuel plant in Rotterdam
The European Union commits €4.7 billion to South Africa’s energy transition
Copenhagen Infrastructure Partners launches an energy storage project in Australia
TotalEnergies aims to secure its green hydrogen supply by 2026
Equatorial Guinea supplies 3 MW of electricity to Gabon to strengthen the northern grid

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.
  • [favorite_button]

Please share:

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.

Register free of charge for uninterrupted access.

Publicite

Latest news

Aircela launches a machine that produces gasoline from air and electricity
Sustainability Partners takes control of Ecofin’s renewable assets in the United States
Google commits to 600 MW of solar with energyRe in South Carolina
$960mn in funding secured for Des Neiges wind project in Québec
Canada aims to mobilise $1.1tn through major energy projects by 2035

Recently published in

Phillips 66 sells 65% of its fuel retail operations in Germany and Austria

Under pressure from investor Elliott, Phillips 66 sells a majority stake in its European fuel station subsidiary for $2.8bn in a move to streamline its portfolio.
OPEC+ Opens the Taps, IEA Forecasts Rebound in Global Oil Stocks
The International Energy Agency forecasts a significant rise in global oil stocks due to slowing demand in developed economies and OPEC+'s gradual production increases starting in 2025.
en_1140290955540-9
OPEC+ Opens the Taps, IEA Forecasts Rebound in Global Oil Stocks
The International Energy Agency forecasts a significant rise in global oil stocks due to slowing demand in developed economies and OPEC+'s gradual production increases starting in 2025.
en_1140290955540-9
Africa Oil doubles production with Prime and issues $25mn dividend
Africa Oil completed the integration of Prime, doubling its production and reserves, while declaring a second quarterly dividend of $25mn supported by strong cash generation.
en_1140290960540-8
Africa Oil doubles production with Prime and issues $25mn dividend
Africa Oil completed the integration of Prime, doubling its production and reserves, while declaring a second quarterly dividend of $25mn supported by strong cash generation.
en_1140290960540-8
Petrobras posts $6bn net profit in Q1 boosted by production increase
Brazilian oil major Petrobras reported a $6bn net profit in Q1 2025, driven by higher production volumes and a stronger real against the US dollar.
en_1140290945540-7
Petrobras posts $6bn net profit in Q1 boosted by production increase
Brazilian oil major Petrobras reported a $6bn net profit in Q1 2025, driven by higher production volumes and a stronger real against the US dollar.
en_1140290945540-7

TotalEnergies and BWEnergy await final investment decisions on Namibian projects in 2026

Namibia plans to finalise agreements with TotalEnergies for the Venus oil field and with BWEnergy for the Kudu gas field by the end of 2026, according to the country’s petroleum commissioner.
The United States imposes new sanctions on Iranian oil exported to China
The Trump administration has announced new sanctions targeting Iran's oil export network to China amid ongoing nuclear talks between Washington and Tehran.
en_1140290948540-7
The United States imposes new sanctions on Iranian oil exported to China
The Trump administration has announced new sanctions targeting Iran's oil export network to China amid ongoing nuclear talks between Washington and Tehran.
en_1140290948540-7
Japanese refiners face hurdles diversifying crude imports amid OPEC+ production increase
Japanese refiners, dependent on Gulf crude for 96.6% of imports, are struggling to diversify supply sources as increased OPEC+ output makes Persian Gulf barrels more competitive compared to US crude.
en_1140290943540-7
Japanese refiners face hurdles diversifying crude imports amid OPEC+ production increase
Japanese refiners, dependent on Gulf crude for 96.6% of imports, are struggling to diversify supply sources as increased OPEC+ output makes Persian Gulf barrels more competitive compared to US crude.
en_1140290943540-7
Esso restarts refining units in Port-Jérôme after 750,000 hours of maintenance
Esso’s Gravenchon site restarts operations following a planned shutdown involving 1,000 workers and over 750,000 labour hours.
en_1140290951540-6
Esso restarts refining units in Port-Jérôme after 750,000 hours of maintenance
Esso’s Gravenchon site restarts operations following a planned shutdown involving 1,000 workers and over 750,000 labour hours.
en_1140290951540-6

Russia targets stable return to 10.8 million barrels per day

Deputy Prime Minister Alexander Novak says Russian oil production could reach a sustained level of 10.8 million barrels per day, supported by rising global demand and internal fiscal adjustments.
Oil rises after trade truce between the United States and China
Oil prices climbed following a joint decision by Washington and Beijing to temporarily suspend tariffs, easing pressure on global demand.
en_1140290953540-6
Oil rises after trade truce between the United States and China
Oil prices climbed following a joint decision by Washington and Beijing to temporarily suspend tariffs, easing pressure on global demand.
en_1140290953540-6
Shell delays two strategic wells at Perdido offshore field in the United States
Shell announced a delay in bringing two new wells online at the Perdido offshore field, temporarily lowering production targets in the Gulf of Mexico.
en_1140290961540-3
Shell delays two strategic wells at Perdido offshore field in the United States
Shell announced a delay in bringing two new wells online at the Perdido offshore field, temporarily lowering production targets in the Gulf of Mexico.
en_1140290961540-3
Aramco’s net profit drops 4.6% in Q1 2025
Lower sales revenues and rising operational costs impacted Aramco’s results, while the company remains central to Saudi Arabia’s economic strategy.
en_1140290958540-5
Aramco’s net profit drops 4.6% in Q1 2025
Lower sales revenues and rising operational costs impacted Aramco’s results, while the company remains central to Saudi Arabia’s economic strategy.
en_1140290958540-5

Oil prices rebound following trade deal between London and Washington

Oil prices climbed on Friday, supported by the signing of a trade agreement between the United States and the United Kingdom, reviving expectations of easing global tensions.
Kern County reopens oil permitting despite historic decline in California
California approved only three new drilling permits in Q1 2025, but Kern County and two CO₂ pipeline bills may reverse that trend.
en_1140290952540-4
Kern County reopens oil permitting despite historic decline in California
California approved only three new drilling permits in Q1 2025, but Kern County and two CO₂ pipeline bills may reverse that trend.
en_1140290952540-4
US shale oil drilling costs to rise 4.5% in 2025
US oil operators will face moderate drilling cost increases in 2025, driven by tariffs, despite price drops in several key service segments.
en_1140290943540-15
US shale oil drilling costs to rise 4.5% in 2025
US oil operators will face moderate drilling cost increases in 2025, driven by tariffs, despite price drops in several key service segments.
en_1140290943540-15
Craig Steinke appointed CEO of BluEnergies following James Deckelman’s departure
BluEnergies Ltd. has announced the immediate appointment of Craig Steinke as Chief Executive Officer, succeeding James Deckelman, who is stepping down for personal reasons.
en_1140290951540-4
Craig Steinke appointed CEO of BluEnergies following James Deckelman’s departure
BluEnergies Ltd. has announced the immediate appointment of Craig Steinke as Chief Executive Officer, succeeding James Deckelman, who is stepping down for personal reasons.
en_1140290951540-4

US-China tariff war disrupts China’s petrochemical market

The increase in tariffs between the United States and China is radically reshaping China's petrochemical supply flows, threatening to raise costs and intensify supply challenges in an already strained strategic sector.
Washington targets Chinese buyers of Iranian crude with new sanctions
The United States imposes sanctions on several Chinese entities involved in purchasing and transporting Iranian oil, disrupting a petroleum supply chain worth several hundred million dollars.
en_1140290953540-4
Washington targets Chinese buyers of Iranian crude with new sanctions
The United States imposes sanctions on several Chinese entities involved in purchasing and transporting Iranian oil, disrupting a petroleum supply chain worth several hundred million dollars.
en_1140290953540-4
Oil rises over 3% following trade agreement between Washington and London
Brent and WTI prices surged after the announcement of a trade deal between the United States and the United Kingdom, raising expectations of a rebound in global crude demand.
en_1140290955540-4
Oil rises over 3% following trade agreement between Washington and London
Brent and WTI prices surged after the announcement of a trade deal between the United States and the United Kingdom, raising expectations of a rebound in global crude demand.
en_1140290955540-4
US crude oil inventories fall by 2 million barrels
US commercial crude oil reserves dropped more than expected in early May, supported by increased refinery activity, according to the latest data from the Energy Information Administration.
en_1140290949540-3
US crude oil inventories fall by 2 million barrels
US commercial crude oil reserves dropped more than expected in early May, supported by increased refinery activity, according to the latest data from the Energy Information Administration.
en_1140290949540-3

Venezuela to take over Chevron oil fields before May 27

The Venezuelan government confirmed it will continue operating Chevron’s oil fields after the US-imposed withdrawal of the American company.
Shell considers BP takeover as group valuation declines
BP rises on the London Stock Exchange amid acquisition rumours by Shell, which may wait for a further drop in oil prices before taking action.
en_1140290945540-2
Shell considers BP takeover as group valuation declines
BP rises on the London Stock Exchange amid acquisition rumours by Shell, which may wait for a further drop in oil prices before taking action.
en_1140290945540-2
Ecuador awards Sinopec a $105mn oil drilling contract in the Amazon
Petroecuador signed an agreement with Sinopec to drill new wells in the northeastern Amazon, aiming to increase output by 12,000 barrels per day.
en_1140290944540-2
Ecuador awards Sinopec a $105mn oil drilling contract in the Amazon
Petroecuador signed an agreement with Sinopec to drill new wells in the northeastern Amazon, aiming to increase output by 12,000 barrels per day.
en_1140290944540-2
Oil rebounds over 3% driven by gasoline demand
Crude prices gained momentum after a drop triggered by OPEC+, supported by strong gasoline demand in the United States ahead of the summer season.
en_1140290955540-2
Oil rebounds over 3% driven by gasoline demand
Crude prices gained momentum after a drop triggered by OPEC+, supported by strong gasoline demand in the United States ahead of the summer season.
en_1140290955540-2

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS