SM Energy has launched the sales process for some of its natural gas-producing assets in the Eagle Ford shale basin of South Texas as it looks to trim debt following its near $13 billion merger with Civitas, three sources familiar with the matter said. * SM Energy closed the merger last month and took on around $5 billion of Civitas net debt as part of the all-stock deal. * The company earlier announced plans to raise at least $1 billion from divestitures within the first year of the deal [Read more]
News
The CER issues certificate for Pouce Coupé Pipe Line Ltd. Taylor to Gordondale Pipeline Project
The Canada Energy Regulator (CER) has issued a certificate authorizing Pouce Coupé Pipe Line Ltd. to proceed with its Taylor to Gordondale Pipeline project, clearing a major regulatory step for the proposed link between British Columbia and Alberta. The approval allows the company to construct and operate the roughly 89-kilometre, 16-inch diameter pipeline once all applicable pre-construction conditions have been met, the regulator said on Tuesday. The proposed line would run from the existing [Read more]
Discount on Western Canada Select widens
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Wednesday. WCS for March delivery in Hardisty, Alberta, settled at $15.75 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $15.55 on Tuesday. * The last time the discount on Canadian heavy crude consistently traded this low was prior to the opening of the Trans Mountain pipeline expansion in the spring of 2024, said Enverus analyst [Read more]
Keyera Announces Quarterly Dividend and First Quarter of 2026 Distribution
CALGARY, AB, Feb. 11, 2026 /CNW/ - Keyera Corp. (TSX: KEY) ("Keyera") announced today its quarterly cash dividend for the first quarter of 2026 will be $0.54 per common share and will be payable on March 31, 2026, to shareholders of record on March 16, 2026. The ex-dividend date is March 16, 2026. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). For non-resident shareholders, Keyera's dividends are subject to Canadian withholding tax. About [Read more]
Birchcliff Energy Ltd. Announces Unaudited 2025 Full-Year and Fourth Quarter Results, 2025 Reserves Highlights and Appointment of Chris Carlsen to the Board of Directors
Birchcliff Achieves Record Annual Average Production of 80,086 boe/d CALGARY, Alberta, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its unaudited 2025 full-year and fourth quarter financial and operational results and highlights from its independent reserves evaluation effective December 31, 2025. Chris Carlsen, Birchcliff’s President and Chief Executive Officer, commented: “2025 was an excellent year for [Read more]
Canadians returning from Cuba amid energy crisis due to U.S. oil blockade
Travellers are returning to Atlantic Canada from Cuba amid an oil crisis on the Caribbean island. A WestJet flight from Cayo Coco landed at Halifax's Stanfield International Airport this afternoon. WestJet and other major Canadian airlines are returning travellers to Canada but have suspended commercial flights to the country because of aviation fuel shortages at airports on the island. The Trump administration is cutting Cuba off from using traditional fuel sources in an effort to put [Read more]
Testimony to the House of Commons’ Standing Committee on Natural Resources – Eric Nuttall
February 10, 2026 Thank you for you the invitation to give testimony on the critical need for Canada to increase its energy exports, an absolute imperative for both our energy sector and for Canada at large. I apologize in advance if some of my remarks seem overly blunt, for I am no politician, but it is time for someone on this topic to finally speak the unvarnished truth. I come before you with an urgent call to action. We live in a world where the demand for oil continues to set record [Read more]
US crude stocks and gasoline inventories rise, distillate inventories fall, EIA
HOUSTON, Feb 11 - U.S. crude stocks and gasoline inventories rose while distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 8.5 million barrels to 428.8 million barrels in the week ended February 6, the EIA said, compared with analysts' expectations in a Reuters poll for a 793,000-barrel rise. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.1 million barrels, the EIA said. Refinery crude runs fell by [Read more]
Avoid the New-Build Wait: OTG’s Feb Inventory of Reconditioned Process Equipment is Live
72”x20’ New Construction Full Sour Separator OTG-1702 720 psi MAWP Built by Score projects Sour Service Dressed 3 phase 3” Water dump, 3” Oil dump 8” gas leg w/Canalta 8” SR. Meter Run 8” inlet Ready for building and tubing c/w QC and Drawings 120”x60’ FWKO OTG-1642 278 psi MAWP Built By Opsco Fully internally coated 3 Phase Design 12” Water outlet 6” gas outlet 4” Oil Outlet 16” Inlet Drawings Available 42”x12’ [Read more]
Fix energy prices to be competitive, business leaders tell EU
Top business leaders urged the European Union on Wednesday to act urgently to bring down energy prices, saying that was key for European industries to be able to compete with the United States and China. The industries' message is timed to land just before EU leaders gather in a Belgian castle on Thursday for an informal "retreat" to thrash out a plan for how Europe can compete economically with China and the U.S. "Why is Europe so much behind compared to the rest of the world? It's the [Read more]
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