CALGARY, Alberta, June 01, 2026 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce the successful closing of its previously announced acquisition of all the Colombian exploration and production assets of Frontera Energy Corporation. Pursuant to the transaction, Parex acquired 100% of Frontera Petroleum International Holdings B.V. (“Frontera E&P”) for cash consideration of US$500 million, funded with the proceeds from Parex’s recent issuance [Read more]
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Athabasca Oil Corporation Announces New $500 Million Four-Year Credit Facility and Expanded Duvernay Energy Credit Facility
CALGARY, Alberta, June 01, 2026 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) has closed a new $500 million covenant-based credit facility with the Canadian bank market. The facility has a four-year term to May 2030 and includes annual extension rights. Duvernay Energy has also closed an upsized $75 million reserve-based credit facility. Pro forma for the new facilities, consolidated liquidity is approximately $870 million. The new credit facilities [Read more]
Source Rock Royalties announces first quarter 2026 results and provides corporate update
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./ CALGARY, AB, June 1, 2026 /CNW/ - Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties and Crown mineral leases, announces results for the three-month period ended March 31, 2026 ("Q1 2026"). President's Message - Corporate Update During Q1 2026, we experienced two very different market environments. [Read more]
InPlay Oil Corp. Confirms Monthly Dividend for June 2026
CALGARY AB, June 1, 2026 /CNW/ - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to confirm that its Board of Directors has declared a monthly cash dividend of $0.09 per common share payable on June 30, 2026, to shareholders of record at the close of business on June 15, 2026. The monthly cash dividend is expected to be designated as an "eligible dividend" for Canadian federal and provincial income tax purposes. About InPlay Oil Corp. [Read more]
Weatherford Announces Definitive Agreement to Acquire NCS Multistage, Expanding Completions Portfolio and Unconventional Resource Exposure
HOUSTON, June 01, 2026 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) and NCS Multistage Holdings, Inc. (NASDAQ: NCSM) (“NCS Multistage”) today announced that Weatherford has entered into a definitive agreement to acquire NCS Multistage. Under the terms of the agreement, NCS Multistage stockholders have an election to receive either Weatherford common stock or a combination of Weatherford common stock and cash. On a blended basis, this is [Read more]
Paramount Resources Ltd. Announces June Dividend
CALGARY, AB, June 1, 2026 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on June 30, 2026 to shareholders of record on June 15, 2026. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. ABOUT PARAMOUNT Paramount is an independent, publicly traded Canadian energy company that explores [Read more]
US says it struck Iranian military sites, Tehran responds with air base attack
The U.S. said it struck Iranian military sites at the weekend and Iran's Revolutionary Guards said on Monday it had targeted a U.S. base in response, the latest exchange of attacks amid negotiations to end the three-month-old war. The U.S. and Iran have sporadically exchanged strikes since their ceasefire took effect in early April as diplomacy aimed at a more durable agreement drags on. A similar exchange occurred last Thursday and was described in near-identical terms by both sides. The [Read more]
Goldman Sachs flags demand weakness as key risk to oil price outlook
Goldman Sachs said late Sunday that weak oil demand in China and Europe poses a major downside risk to its fourth-quarter Brent crude forecast of $90 a barrel and WTI forecast of $83, although Middle East supply disruptions could still push prices higher. Here are a few details: * April retail sales data from China and Western Europe suggest roughly 2 million barrels per day of downside risk to Goldman Sachs' already conservative April oil demand estimates, potentially reducing its Brent [Read more]
China’s crude oil imports slump, but it’s economics not altruism: Russell
China's seaborne imports of crude oil slumped to the lowest in almost 10 years in May as the impact of the Iran war led to a dramatic reshuffling of operations in the world's biggest oil importer. Seaborne arrivals of crude were 6.36 million barrels per day (bpd) in May, down from 8.10 million bpd in April and the weakest since October 2016, according to data compiled by commodity analysts Kpler. Imports were also nearly half the 11.39 million bpd recorded by Kpler for February, the last [Read more]
Wildfire season returns to Canada’s oil sands
Wildfire season has returned to Canada's oil sands region, with seven active blazes in the area on Sunday raising risks for communities, workers, companies and investors. Canada is the world's fourth-largest oil producer, and the bulk of its production is clustered in northern Alberta's boreal forest. Wildfires, which have always occurred in this environment but are more common now due to climate change, have become a perennial threat to Canadian oil output. So far this year, there have been [Read more]
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