CALGARY, AB, April 16, 2026 /CNW/ - CES Energy Solutions Corp. ("CES" or the "Company") (TSX: CEU) (OTC: CESDF) is pleased to announce the appointment of Ms. Theresa Roessel to the Board of Directors and Audit Committee, effective April 16, 2026. Ms. Roessel is a designated CPA and has over 30 years of executive, finance and audit experience across energy, healthcare and not-for-profit organizations. Ms. Roessel currently serves as a director and member of the audit [Read more]
News
Discount on Western Canada Select widens
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Thursday. WCS for May delivery in Hardisty, Alberta, settled at $17 a barrel, below the U.S. benchmark WTI, according to brokerage CalRock, compared to $16.60 on Wednesday. * That marks the steepest differential for heavy Canadian crude since the start of the U.S. war on Iran. * The WCS differential has been volatile since the start of conflict and the effective closure [Read more]
Coelacanth Energy Announces Bought Deal Financing of C$60 Million
/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES./ CALGARY, Alberta, April 16, 2026 (GLOBE NEWSWIRE) -- Coelacanth Energy Inc. (the "Company" or "Coelacanth") (TSX-V: CEI) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the "Agreement"), co-led by Haywood Securities Inc. and Roth Canada, Inc. (the "Co-Lead Underwriters"), as joint bookrunners (such syndicate of underwriters, together with the Co-Lead [Read more]
Saturn Oil & Gas Inc. Announces Release Date for Q1 2026 Results and Provides Conference Call / Webcast Details
Calgary, Alberta--(Newsfile Corp. - April 16, 2026) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) ("Saturn" or the "Company"), a light oil-weighted producer focused on unlocking value through the development of our assets in Saskatchewan and Alberta, confirms that the Company intends to report our Q1 2026 financial results on Wednesday, May 6, 2026 after market close. A conference call and webcast will be held on Thursday, May 7, 2026, at 8:00 am MT (10:00 am ET) for interested [Read more]
RBC, Scotiabank pull back on climate goals
TORONTO - RBC and Scotiabank say they're dropping their 2030 targets for reducing financed emissions as governments pull back on climate action and artificial intelligence drives a surge in energy demand. In 2022, RBC set goals to reduce funded emissions for the oil and gas, power generation and automotive sectors by the end of the decade as part of working toward net-zero financed emissions by 2050. The bank says in its sustainability report that after reviewing numerous factors including [Read more]
AER Designates Long Run Exploration Ltd.’s Sites to Orphan Well Association for Closure
April 9, 2026 CALGARY – The Alberta Energy Regulator (AER) has turned over all remaining energy assets for Long Run Exploration Ltd. (Long Run) in Alberta to the Orphan Well Association (OWA) to complete closure work. The company filed for receivership March 5, 2025, and as of April 7, 2026, the receiver filed a limited discharge certificate to confirm it is no longer in control of the sites, which are primarily gas-weighted with some light-medium crude oil production. The [Read more]
Trump’s energy leaders to hold call with CEOs on Iran war, source says
The heads of the U.S. Interior and Energy Departments will hold a call on Thursday with CEOs from energy companies including Exxon and Chevron on their potential to boost oil and gas output, an administration official said, as the Iran war hikes global energy prices. The prices, which are returning to levels seen during the aftermath of Russia's invasion of Ukraine in 2022, are a risk to President Donald Trump's fellow Republicans in the November midterm elections. Global oil prices spiked [Read more]
Industry confidence waning new pipeline will be deemed in national interest: survey
CALGARY - A new business sentiment survey from ATB Cormark Capital Markets suggests confidence is waning in a new oil pipeline being chosen for a speedy federal review within the next year. The investment firm canvassed executives representing 24 energy services firms, 22 exploration and production companies and 17 institutional investors on a range of topics between March 18 and April 1. Forty-six per cent of respondents said they believed it was either highly probable or probable a new [Read more]
ERCOT sees surge in power demand by 2030s amid data center growth
The Electric Reliability Council of Texas (ERCOT) said electricity demand could rise sharply into the 2030s as an increasing pipeline of data centers drives most of the projected growth, according to a presentation on Wednesday by the grid operator. * ERCOT's preliminary base forecast projects peak electricity demand climbing from about 98,087 megawatts in 2026 to about 111,318 megawatts by 2032. * These projections reflect factors such as economic growth, electric vehicle adoption, [Read more]
China added more crude to its massive stockpile in March, but outlook shifts: Russell
China continued to build the world's largest stockpile of crude oil in March even as the rest of the world started to draw on inventories to compensate for the loss of millions of barrels from the effective closure of the Strait of Hormuz. China, the world's biggest crude importer, had surplus oil of 1.74 million barrels per day (bpd) in March, according to calculations based on official data. For the first quarter China's excess crude was 1.41 million bpd, down from the record high of [Read more]
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