U.S. spot natural gas prices for Monday at the Waha Hub in the Permian Shale in West Texas closed in negative territory for a record 12th time in a row as pipeline constraints trap gas in the nation's biggest oil-producing basin, forcing some energy firms to pay others to take gas associated with their oil production. Analysts have long said negative prices were a sure sign the Permian region, which spans West Texas and eastern New Mexico, needs more gas pipes. More pipes are on the way later [Read more]
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US natgas prices climb as winter storm batters US Northeast, LNG export flows near record
U.S. natural gas futures rose about 1% to a one-week high on Monday on near-record LNG export flows and forecasts for more demand than previously expected over the next two weeks as another winter storm buries the U.S. Northeast in snow. Gas futures for March delivery on the New York Mercantile Exchange rose 4.3 cents, or 1.4%, to $3.090 per million British thermal units, putting the contract on track for its highest close since February 13 for a second day in a row. In the cash market, [Read more]
Watch out for oil’s disappearing disinflationary drag: McGeever
Oil prices have been a consistent disinflationary force for the U.S. and global economies since mid-2024. That may be about to change. Fueled by signs of a solid upturn in economic activity at the start of the year and bubbling U.S.-Iran tensions that could spark military conflict, Brent and West Texas Intermediate crude oil futures are the highest in nearly seven months. WTI rose above $67 a barrel on Friday and Brent topped $72, lifting their year-to-date gains to around 15% and nearly [Read more]
Corporate Calgary’s VIP Networking Stampede Parties – Bootleggin’ Breakfast
👍It’s all about the polish and prestige to impress your clients & staff at Calgary’s premium hotel ballrooms! Elevated events with curated breakfasts, CCMA award winning entertainment and private bar service. ✅ Buy Tickets & Corporate Tables NOW: www.BootlegginBreakfast.com 🤠JULY 7 @ Westin Calgary EARLY BIRD TICKET & TABLE PACKAGES 🔺$145 Individual Ticket 🔺$870 Half Table For 6 Guests 🔺$1225 Premium Half Table For 8 Guests (XL Table) 🔺$1740 Table of 12 🔺$1825 [Read more]
GLJ Ltd. and Techno Canada Inc. Launch Joint Venture to Strengthen Energy Certification and Consulting Services
Goa, India – GLJ Ltd. (“GLJ”) and Techno Canada Inc. (“TCI”) are pleased to announce the signing of a new joint venture agreement, GLJ WW Private Limited, formalized on January 27, 2026, at the opening day of India Energy Week 2026 in Goa. This joint venture brings together two firms with complementary strengths: certification, engineering studies, and evaluations. Building on that foundation, GLJ WW will combine GLJ’s high-quality geological and geophysical services with TCI’s extensive [Read more]
Spartan Delta Corp. announces year-end 2025 results, filing of its 2025 AIF, and operations update
CALGARY, AB, Feb. 23, 2026 /CNW/ - Spartan Delta Corp. ("Spartan" or the "Company") (TSX: SDE) is pleased to report its financial and operating results for the fourth quarter and year ended December 31, 2025, filing of its Annual Information Form ("AIF"), and provide an operations update. Selected financial and operational information is set out below and should be read in conjunction with Spartan's audited financial statements and related management's discussion and [Read more]
Cardinal Energy Ltd. Announces 2025 Year-End Reserves
Calgary, Alberta--(Newsfile Corp. - February 23, 2026) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to present the results of its independent reserve reports effective December 31, 2025. Consistent with prior years, Cardinal's year-end 2025 non-thermal reserves were evaluated by GLJ Ltd. ("GLJ"). The thermal reserves were independently evaluated by McDaniel & Associates Consultants Ltd. ("McDaniel") (the GLJ report and the McDaniel report being collectively the [Read more]
Parex Resources Announces Proposal to Acquire Frontera Energy’s Colombian E&P Assets
CALGARY, Alberta, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT), announced today that it has submitted an acquisition proposal (the “Proposal”) to the Board of Directors (the “Frontera Board”) of Frontera Energy Corporation (TSX: FEC) to acquire all of Frontera’s Colombian upstream business in an all-cash offer for consideration of US$500 million, plus the assumption of debt, in addition to a contingent payment of US$25 million with terms that are [Read more]
Morgan Stanley raises near-term Brent crude forecasts on geopolitical risk premium
Morgan Stanley raised its near-term Brent forecasts, saying that the geopolitical risk premium is likely to persist for a period, but added that it still expects prices to soften to $60 per barrel later this year. The bank now sees Brent at $62.5/bbl in the second quarter of this year, compared with $57.5/bbl previously. It also raised its third-quarter forecast to $60/bbl from $57.5/bbl earlier. (Reporting by Anjana Anil in Bengaluru, Editing by Louise Heavens) [Read more]
Goldman Sachs raises 2026 Q4 Brent, WTI oil price outlook
Goldman Sachs raised its Brent and West Texas Intermediate (WTI) crude forecasts for the fourth quarter of 2026 by $6 each to $60 and $56 respectively, on lower-than-expected OECD stocks, even as it maintained its view of a 2026 surplus. The bank now assumes 2026 global inventory builds in the Organisation for Economic Co-operation and Development countries' commercial stocks will only come to 19%, versus 27% previously, and it therefore expects a subset of the Organisation of Petroleum [Read more]
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