Not for distribution to U.S. Newswire Services or for dissemination in the United States. CALGARY, Alberta, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Gibson Energy Inc. ("Gibson" or the "Company") (TSX: GEI) is pleased to announce the closing of its previously announced bought deal offering (the "Equity Offering") of common shares ("Common Shares"). Pursuant to the Equity Offering, Gibson issued a total of 8,160,325 Common Shares, inclusive of the Common Shares issued pursuant to the exercise in full [Read more]
News
Guyana’s oil growth potential rises as Venezuela tensions set to ease
The tiny oil-producing nation of Guyana, already one of the world's fastest-growing economies, has a window of opportunity for more expansion amid ongoing U.S. activity in neighboring Venezuela, geopolitical and oil experts said ahead of the Guyana Energy Conference. That growth potential will take center stage at the four-day event beginning on Tuesday in Georgetown, where executives and government officials will gather to discuss efforts to further train the local oil and gas workforce, [Read more]
Ottawa faces calls to send essential fuel to Cuba as U.S. widens oil blockade
OTTAWA - Prime Minister Mark Carney is facing mounting calls to speak out against the United States for widening its restrictions on fuel reaching Cuba, or to send aid to the country. For more than a year, Global Affairs Canada has warned travellers of "shortages of basic necessities, including food, medicine and fuel" across most of Cuba. In January, the island lost its main source of fuel when the U.S. took control of Venezuela's oil reserves. Canadian airlines have suspended flights to [Read more]
Citi says geopolitics to support oil near term; peace deals seen lowering prices
Oil prices could remain supported in the near term as U.S. President Donald Trump ramps up pressure for peace deals involving Russia and Iran, but a resolution later this year may ultimately push crude lower, Citi said on Monday. Brent crude has rallied from around $60 per barrel to near $70 in the past month, partly reflecting tighter enforcement of U.S. sanctions on Russian and Iranian oil, alongside other supply disruptions, the bank said. Last week, the European Union proposed [Read more]
Surge Energy Inc. Confirms March 2026 Dividend
CALGARY, AB, Feb. 16, 2026 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on March 16, 2026, in respect of February 2026 production, for the shareholders of record on February 28, 2026, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The [Read more]
Suffocating Western pressure may finally force Russian oil output cuts: Bousso
Russian oil producers could be forced to sharply cut output in coming months as tightening pressure from U.S. President Donald Trump and European powers restricts the country’s exports and its storage fills up, a development that would further dent the Kremlin’s war chest. Russian crude exports have remained broadly stable in recent years despite sweeping Western sanctions and a sharp reduction in energy purchases by Europe. Moscow successfully redirected most of its seaborne crude to China, [Read more]
Iran holds military drill in Hormuz Strait, Tasnim news agency reports
Iran's Revolutionary Guards navy held a drill in the Hormuz Strait on Monday, the semi-official Tasnim news agency reported, a day prior to renewed Iran-U.S. nuclear negotiations. The drill, named "Smart Control of Hormuz Strait", aimed at testing the readiness of operational forces in the face of "possible security and military threats", Tasnim reported. (Reporting by Dubai Newsroom; Editing by Alex Richardson) [Read more]
Oil steady as traders brace for U.S.–Iran nuclear talks
Oil traded little changed on Monday, with investors weighing the market implications of upcoming U.S.-Iran talks aimed at de-escalating tensions against a backdrop of expected OPEC+ supply increases. Brent crude futures edged up 3 cents to $67.78 a barrel by 0358 GMT. U.S. West Texas Intermediate crude was at $62.91 a barrel, up 2 cents. There will be no WTI settlement on Monday due to a U.S. holiday. Last week, both benchmarks posted weekly declines with Brent settling down about 0.5% and [Read more]
Prospera Energy Announces Operations and Financing Update
Calgary, Alberta--(Newsfile Corp. - February 15, 2026) - Prospera Energy Inc. (TSXV: PEI) (OTC Pink: GXRFF) ("Prospera", “PEI”, the “Company”, or the "Corporation") is pleased to provide an operational update highlighting the continued success of our corporate reactivation strategy in Luseland. Recent field operations and production engineering initiatives have successfully reactivated numerous wells, now delivering strong reservoir oil production rates. Ongoing technical learnings and [Read more]
Trump, Netanyahu agreed US should press Iran to cut oil sales to China, Axios reports
President Donald Trump and Israeli Prime Minister Benjamin Netanyahu agreed at a White House meeting on Wednesday that the U.S. would work to reduce Iran's oil exports to China, Axios reported, citing two U.S. officials briefed on the issue. "We agreed that we will go full force with maximum pressure against Iran, for example, regarding Iranian oil sales to China," Axios reported on Saturday, quoting a senior U.S. official. China accounts for more than 80% of Iran's oil exports. Any reduction [Read more]
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