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Parex Resources Announces 2026 Guidance and Board Chair Transition

CALGARY, Alberta, Jan. 19, 2026 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to publish its 2026 guidance. Additionally, the Company announces that Wayne Foo will be retiring as Board Chair and Director of the Board, effective May 12, 2026, and in line with succession planning, current Vice Chair and Director, Glenn McNamara, will assume the role of Chair. All amounts herein are in United States Dollars (“USD”) unless otherwise stated. Key [Read more]

Baserado Resources Ltd.: Property Divestiture

Baserado Resources Ltd. (“Baserado” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the joint venture, farmout, or sale of its mineral interests located in the Nipisi and Craigend areas of Alberta, and the Arcola/Browning and Steelman areas of southeastern Saskatchewan (the “Properties”). The Properties consist of predominantly 100% working interests in Crown and Freehold mineral rights with prospective drilling locations for oil and natural gas. At [Read more]

Paul Colborne to receive 2026 Saskatchewan Oil Person of the Year Award

As Chairman of the Saskatchewan Oil and Gas Hall of Fame Committee, I am pleased to announce our nominations for the 2026 Oil Person of the Year and Saskatchewan Hall of Fame inductees with presentation of the awards scheduled for Wednesday June 3, 2026 at the Weyburn Oil Show. The semi-annual Oil Person of the year award has been awarded for over 35 years, recognizing many individuals that have contributed significantly to the Saskatchewan oil and gas industry. The Committee also presents Hall [Read more]

Prospera Announces Comprehensive Operations Update and $3.0 Million Non-Brokered Equity Financing to Advance Core Heavy-Oil Strategy

Calgary, Alberta--(Newsfile Corp. - January 19, 2026) - Prospera Energy Inc. (TSXV: PEI) (OTC Pink: GXRFF) ("Prospera", "PEI" or the "Corporation") is pleased to announce a non-brokered private placement of units (the "Offering") for gross proceeds of $3.0 million, at a price of $0.035 per unit. The Offering is intended to support near-term production growth, increase working capital and liquidity, and further strengthen the Company's balance sheet. Each unit will consist of one common share [Read more]

Keyera hit by outage at Alberta Envirofuels facility due to failure of key component

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CALGARY - Keyera Corp. says it has shut down its Alberta Envirofuels facility due to the failure of a key component. The company says it initiated the unplanned outage earlier this month. Due to the expected time to fabricate, deliver and install the replacement components, Keyera expects the facility will return to service in May. The company says it now plans to complete a planned six-week major turnaround that was scheduled for the fall, during the outage period. Maintenance [Read more]

Keyera Announces Unplanned Alberta Envirofuels Facility Outage

CALGARY, AB, Jan. 19, 2026 /CNW/ - Keyera Corp. (TSX: KEY) ("Keyera" or the "Company") announced today an extended unplanned outage at its Alberta Envirofuels facility ("AEF"). In early January 2026, Keyera initiated an unplanned outage at AEF to investigate an observed reduction in plant performance. Following the facility shutdown and subsequent inspection, the Company identified component failure involving long-life equipment that had been replaced approximately three years ago as part of [Read more]

Oil prices steady as ebbing Iranian protests lower chance of US attack

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Oil prices were little changed on Monday, after rising in the previous session, as Iran's deadly crackdown on protests quelled the civil unrest in the country, reducing the chance of a U.S. attack on the major Middle Eastern producer that could disrupt supplies. Brent crude was trading at $64.18 a barrel by 0158 GMT, up 5 cents or 0.08%. U.S. West Texas Intermediate for February rose 8 cents, or 0.13%, to $59.52 a barrel. That contract expires on Tuesday and the more active March contract was [Read more]

US not currently considering using Venezuelan oil in exchange to fill strategic reserve, Energy Department says

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The U.S. government is not currently considering using Venezuelan oil in an exchange with U.S. oil companies to refill the country's Strategic Petroleum Reserve, the Department of Energy said on Friday. Earlier on Friday, Reuters reported that two sources said the Trump administration was exploring a plan that would deliver Venezuelan oil to U.S. refineries in exchange for U.S.-produced crude. The U.S. crude would be used to help fill the SPR, the world's largest emergency oil stockpile, [Read more]

Venezuelan banks will get $300 million of oil money to sell on exchange market, sources say

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Four Venezuelan banks were notified this week by the country's government that they will split $300 million of oil revenues deposited in an account in Qatar, enabling them to sell dollars to Venezuelan companies that need foreign exchange to pay for materials, two financial sources and an analyst said. The injection of foreign capital comes after weeks of tightening supplies of dollars, as the U.S. seized Venezuelan oil tankers and hit the country's top revenue flow. Venezuelan companies needing [Read more]

Shell, Mitsubishi exploring sale options for their stakes in LNG Canada, sources say

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Oil major Shell and Japanese conglomerate Mitsubishi Corp are exploring sale options for their respective stakes in the C$40 billion ($28.8 billion) LNG Canada project, three sources familiar with the matter told Reuters. The moves come as owners of the massive liquefied natural gas facility weigh a potential expansion, and after another stakeholder, Petronas, successfully offloaded a piece of the project. Shell, the largest owner with a 40% stake in LNG Canada, has been working with [Read more]