The U.S. Treasury Department on Tuesday issued a new license authorizing the export and sale to Venezuela of U.S. diluents, a key fuel needed to produce exportable crude oil grades in the OPEC country, according to a document shown to Reuters by an administration official. The authorization, which is Washington's second general license granted so far to ease sanctions on Venezuela following the U.S. capture of President Nicolas Maduro last month, supports the administration's policy of [Read more]
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Discount on Western Canada Select widens
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Tuesday. WCS for March delivery in Hardisty, Alberta, settled at $14.80 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $14.60 a barrel on Monday. * The discount on Canadian heavy crude widened approximately $1 per barrel over the month of January in the wake of heightened market volatility caused by U.S. President Donald Trump's stated [Read more]
Suncor Energy reports fourth quarter 2025 results
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and derived from the company's condensed consolidated financial statements which are based on Canadian generally accepted accounting principles (GAAP), specifically International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), and are prepared in accordance with International Accounting Standard (IAS) 34 Interim Financial Reporting. Production [Read more]
Petrus Resources Declares Monthly Dividend for February 2026
CALGARY, Alberta, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to confirm that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable February 27, 2026, to shareholders of record on February 17, 2026. The dividend is designated as an eligible dividend for Canadian income tax purposes. Dividend Reinvestment Plan ("DRIP") Petrus' DRIP enables eligible shareholders to reinvest all or part of [Read more]
Whitecap Resources Announces Changes to Board of Directors, Including the Appointment of Scott Althen
CALGARY, AB, Feb. 3, 2026 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that Scott Althen has been appointed to its Board of Directors, effective March 1, 2026, and Craig Bryksa has retired from the Board to pursue other opportunities. Mr. Althen recently retired from PwC Canada following a distinguished career of more than 30 years in public practice, where he served public and private energy companies. He brings extensive exploration and [Read more]
Suncor Energy declares dividend
All financial figures are in Canadian dollars. Calgary, Alberta--(Newsfile Corp. - February 3, 2026) - Suncor Energy's (TSX: SU) (NYSE: SU) Board of Directors has approved a quarterly dividend of $0.60 per share on its common shares, payable March 25, 2026 to shareholders of record at the close of business on March 4, 2026. Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development, production and upgrading; offshore oil production; [Read more]
TOP WELL REPORT – December volumes – Whitecap’s Elmworth Montney wells lead the way; ARC Resources with consistent results at Karr; Tamarack Valley impresses in 2 different ways
Most production data is out for December. Alberta has reported oil, condensate, and gas; full Alberta NGL data including pentane and marketable gas is due shortly, while Saskatchewan and BC data is complete. While the December data won’t be considered complete quite yet, it is nonetheless worthwhile to show the data as it stands today. Pentane volumes in Alberta will not be represented yet for December which may affect liquids results, and “gas equivalent” volumes will be used instead of [Read more]
US soon to issue general license for oil production in Venezuela, sources say
The U.S. government is working to issue as early as this week a general license allowing companies to produce oil and gas in Venezuela, as Washington seeks to encourage expanded output in the OPEC nation since capturing its president, three sources close to the matter told Reuters. The move by the Treasury's Office of Foreign Assets Control would authorize companies to explore and pump for crude oil and natural gas, the sources said. OFAC already authorized U.S. companies to load, sell, [Read more]
Commonwealth LNG strikes 20-year supply deal with Mercuria as US pushes LNG export growth
Commonwealth LNG said on Tuesday it has signed a 20-year sale and purchase agreement to supply 1 million tons per annum of liquefied natural gas to Mercuria. Under the deal, Mercuria will provide 1 million tons of natural gas per year to Commonwealth, and Commonwealth will convert it into LNG for Mercuria to purchase. Commonwealth has been attempting to build the U.S.'s first integrated LNG export facility, where its major shareholder Kimmeridge will supply gas from its Eagle Ford shale [Read more]
US shoots down Iranian drone approaching aircraft carrier, official says
The U.S. military on Tuesday shot down an Iranian drone that "aggressively" approached the Abraham Lincoln aircraft carrier in the Arabian Sea, the U.S. military said, in an incident first reported by Reuters. The incident came as diplomats sought to arrange nuclear talks between Iran and the United States, and U.S. President Donald Trump warned that with U.S. warships heading toward Iran, "bad things" would probably happen if a deal could not be reached. Oil futures prices rose more than $1 [Read more]
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