Energy

Imperial Oil Limited (TSE: IMO, NYSE American: IMO) today declared a quarterly dividend of 27 cents per share on the outstanding common shares of the company, payable on July 1, 2021, to shareholders of record at the close of business on June 3, 2021.

This second quarter 2021 dividend compares with the first quarter 2021 dividend of 22 cents per share.

Imperial has a long and successful history of growth and financial stability in Canada as a leading member of the petroleum industry. The company has paid dividends every year for over a century and has increased its annual dividend payment for 26 consecutive years.

After more than a century, Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canada's energy resources. As Canada's largest petroleum refiner, a major producer of crude oil, a key petrochemical producer and a leading fuels marketer from coast to coast, our company remains committed to high standards across all areas of our business.

Source: Imperial

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First Helium to Drill Two Helium Targets at Worsley in Late Q2

First Helium to Drill Two Helium Targets at Worsley in Late Q2

Plans to Capitalize on Attractive Outlook for Helium and Natural Gas Pricing

First Helium Inc. ("First Helium" or the "Company") (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC), today announced that it plans to drill two prospective helium targets commencing late Q2 at its 100% owned, 79,000 acre Worsley Property in Alberta, Canada . The wells will target potential natural gas accumulations which are expected to contain commercial quantities of helium gas along with natural gas.  Based on associated historic oil & gas drilling and operating data, helium content ranges from 0.5% to 1.9% across the Company's Worsley Property.  The wells will be funded from cash on hand, accumulated from the Company's oil production operations.

News Provided by Canada Newswire via QuoteMedia

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Global oil supply and demand are under pressure, creating concerns that the world has reached peak oil.

The question of peak oil has popped up in headlines several times in recent decades. Over the past half century, the global oil market has cycled through several highs and lows in the oil price as demand has fluctuated.

The most recent major low was in response to COVID-19 lockdowns and cutbacks to air travel around the world, with prices even briefly going negative.By the fall of 2020, continued downward pressure on oil demand led the International Energy Agency (IEA) to issue a dire report about the state of the global oil industry.

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At the Meeting, shareholders approved the election of nine nominees as directors of Parex to serve until the next annual meeting of shareholders or until their successors are elected or appointed. The results of the ballot were as follows:

News Provided by GlobeNewswire via QuoteMedia

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