CALGARY, Alberta, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Logan Energy Corp. (TSXV: LGN) ("Logan" or the "Company") is pleased to announce that it has entered into a definitive purchase agreement today with a subsidiary of a publicly-traded oil and gas company (the "Vendor"), pursuant to which Logan will acquire the Vendor's entire interest in certain assets predominantly in the Company’s core area at Simonette, Alberta (the "Acquired Assets") for cash consideration of $62.5 million, prior to closing [Read more]
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$1B Private Canadian Land & Royalty Company Plays Active Role in Canada’s Resource Development Push Across Energy and Mining
Meeting the moment: Rife is open for business with a streamlined structure and pension-backed private royalty capital CALGARY, AB, Feb. 19, 2026 /CNW/ - Redefined with a new, unified corporate structure, Rife is meeting the moment in Canada's nation-building resource development in energy, mining and critical minerals. Rife's position as an institutional capital partner comes at a time of a historic Canadian growth mandate. "We are open for business," said Ian Hantke, Chief [Read more]
Trican Well Service Ltd. Reschedules Fourth Quarter 2025 Conference Call
Calgary, Alberta--(Newsfile Corp. - February 19, 2026) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") announces that, due to technical difficulties, the Company is rescheduling its previously announced conference call. Trican now intends to host its Fourth Quarter 2025 results conference call on Friday, February 20, 2026 at 10:00 a.m. MT (12:00 p.m. ET). To listen to the webcast of the conference call, please enter the following URL in your web browser: [Read more]
US crude and fuel stocks fall on stronger demand from refineries, consumers, EIA says
U.S. crude, gasoline and distillate inventories fell last week, the Energy Information Administration said on Thursday, as demand rose from refineries to the fuel pump. Crude inventories fell by 9 million barrels to 419.8 million barrels in the week ended February 13, the EIA said, compared with analysts' expectations in a Reuters poll for a 2.1-million-barrel rise. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 1.1 million barrels, the EIA said. U.S. and Brent crude [Read more]
What’s the status of international oil companies in Venezuela?
Here are key facts about international oil companies in Venezuela, a country with vast oil reserves but dilapidated energy infrastructure. In the 2000s, then President Hugo Chávez expropriated assets from several foreign oil companies, strengthening state-owned PDVSA’s control over the country's oilfields. After capturing President Nicolas Maduro in January, the United States eased sanctions on Venezuela's energy sector this month, issuing general licenses that allow global energy companies [Read more]
US distillate fuel demand rose in latest week to four-year high last week, EIA says
U.S. product supplied of distillate fuel oil, a measure of demand for diesel and heating oil, rose in the previous week to 4.75 million barrels per day (bpd), the highest since January 2022, data from the Energy Information Administration showed on Thursday. Product supplied of distillate fuels rose about 304,000 bpd in the week ended February 13, the data showed. (Reporting by Nicole Jao and Scott DiSavino in New York) [Read more]
Trump presses Iran to make ‘meaningful’ deal, appears to set 10-day deadline
President Donald Trump warned Iran on Thursday that it must reach a deal over its nuclear program or "bad things" will happen, and appeared to set a 10-day deadline before the U.S. might take action. Amid a massive U.S. military buildup in the Middle East that has fueled fears of a wider war, Trump said negotiations with Iran were going well but insisted Tehran has to reach a "meaningful" agreement. "Otherwise bad things happen," Trump, who has repeatedly threatened to attack Iran, told [Read more]
IEA Director says oil demand growth under 1 mln bpd, expects substantial surplus
International Energy Agency Director Fatih Birol said on Thursday that oil demand growth is less than one million barrels per day and that a substantial surplus was expected. He said that it is up to OPEC+ countries to decide what they are going to do "but given the demand being less than one million barrels per day growth, we expect a substantial surplus with substantial production coming from the American quintet: the US, Canada, Brazil, Argentina, and Guyana." Birol also said the agency [Read more]
Trans Mountain Announces Don Lindsay as New Chair of The Board of Directors
Calgary, Alberta--(Newsfile Corp. - February 19, 2026) - The Board of Directors of Trans Mountain Corporation ("Trans Mountain") today announced the appointment of Don Lindsay as a director of Trans Mountain and as Chair of the Board, effective February 24, 2026. Mr. Lindsay will assume the role from Ms. Patricia Koval, who has served as Interim Chair since September 24, 2025, following the departure of former Chair, Dawn Farrell, who was appointed as CEO of the Government of Canada's Major [Read more]
Saudi Arabia crude exports fall to three month low in December
Crude oil exports from the world's largest oil exporter fell to 6.988 million barrels per day, down from 7.378 million bpd in November and its lowest since September, data from the Joint Organizations Data Initiative showed on Thursday. Saudi Arabia's crude output stood at about 10.084 million bpd in December, its highest since April 2023. Output in November stood at 10.050 million bpd. "Crude oil was used domestically or for refining it into products and exporting it, as despite [Read more]
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