Announcement - April 23, 2026 On April 22, 2026, the Alberta Energy Regulator (AER) issued an order requiring MAGA Energy Ltd. (MAGA) to suspend its operations to protect the public and environment. Based on MAGA’s unpaid municipal taxes, AER and Orphan Well Association debt, and failure to meet its commitments, the Director assessed that the Licensee does not have the capacity to fulfill its regulatory and liability obligations. MAGA currently holds 581 wells, 108 [Read more]
News
Kelt Provides Results of Its Shareholders’ Meeting
Calgary, Alberta--(Newsfile Corp. - April 23, 2026) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") is pleased to announce that all matters presented for approval at the Annual Meeting of Shareholders held on April 22, 2026 (the "Meeting") have been fully authorized and approved. A total of 146,484,780 common shares, representing 72.99% of the common shares issued and outstanding, were represented in person or by proxy at the meeting. A brief description of the matters voted upon, [Read more]
White House expected to extend Jones Act waiver up to 90 days, sources say
The White House is expected to extend the Jones Act waiver for up to 90 days as early as Friday to help blunt fuel price pressures tied to the Iran conflict, according to two sources familiar with the decision. The move would temporarily ease requirements that goods transported between U.S. ports be carried on American-built and American-crewed vessels, allowing foreign-flagged ships to move fuel and other key commodities more freely as the administration seeks to contain energy market [Read more]
US oil executives expect crude output to rise as Iran war continues, survey shows
U.S. oil executives expect domestic production to rise as the ongoing war in Iran upends global supplies and pushes crude and fuel prices higher, according to a Dallas Fed survey. The survey collected data from April 15 to April 20 from 120 oil and gas firms, of which 78 were exploration and production firms and 42 were oilfield services firms. * A total of 43% of survey respondents expect U.S. crude production to rise by up to 250,000 barrels per day this year as a result of the Iran war. [Read more]
Russia says it’s maintaining oil supplies but has no new OPEC+ initiatives
Russia is maintaining the flow of its oil to world markets and thereby helping to limit the impact of the crisis triggered by the Iran war, but it has no specific initiative to propose within OPEC+, the Kremlin said on Thursday. "At the moment, we are making our contribution to stabilizing prices and minimizing the consequences of the global energy crisis. Russia continues its oil supplies," Kremlin spokesman Dmitry Peskov told a daily conference call with reporters. "Demand is growing, [Read more]
Welcome to the age of energy shocks: Bousso
The past decade has brought a rapid succession of global energy crises, driven by military conflict, extreme weather and supply-chain snarls. As today’s highly interconnected oil and gas markets become more fragmented and the low-carbon transition accelerates, recurring shocks may be becoming the norm. First came the post-pandemic inflationary surge in 2021, quickly followed - and amplified - by Russia's invasion of Ukraine in 2022. Now, four years later, comes the Iran war, which has sparked [Read more]
Iran continues crude exports despite US blockade, Vortexa says
About 10.7 million barrels of Iranian crude exports crossed through the Strait of Hormuz and exited the area blockaded by the U.S. Navy between April 13 and 21, data analytics firm Vortexa said. * The shipments transited on six crude carriers that had their AIS data switched off. * A U.S. blockade of Iranian ports came into effect on April 13. The blockade, Vortexa said, "is not necessarily implemented close to Iranian ports nor within the Strait of Hormuz, but flexibly around an area [Read more]
Iran tightens control of Hormuz after US calls off renewed attacks
Iran seized two ships in the Strait of Hormuz as it tightened its grip on the strategic waterway after U.S. President Donald Trump announced he was indefinitely calling off attacks, with no sign of peace talks restarting. The status of a two-week-old ceasefire, due to have expired earlier this week, remained unclear. In a sharp about-face hours after threatening renewed violence, Trump made what appeared to be a unilateral announcement on Tuesday that the U.S. would extend a ceasefire until [Read more]
China’s LNG imports plunge, helping Asia adjust to Iran war losses: Russell
Asia's imports of liquefied natural gas (LNG) are poised to drop to the lowest in nearly six years in April as the effective closure of the Strait of Hormuz cuts off cargoes from major supplier Qatar. Despite the loss of volumes it could be argued that Asia's LNG markets are being more successful in adjusting to the fallout from the U.S. and Israeli attacks on Iran than those for crude oil and refined products. This is largely being achieved through a combination of voluntary curtailment [Read more]
Strathcona Reports Voting Results from the 2026 Annual Meeting of Shareholders
CALGARY, AB, April 22, 2026 /CNW/ - Strathcona Resources Ltd. ("Strathcona" or the "Company") (TSX: SCR) today reported its voting results from its annual meeting of shareholders held on April 22, 2026 (the "Meeting"). All matters presented at the Meeting were approved including the election of all nine nominees listed in the management information circular dated March 11, 2026. The complete results of voting for business considered at the Meeting are set out [Read more]
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