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]
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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]
Three offshore platforms resume production at Iran’s South Pars gas field, IRNA reports
Iran has restored gas production at three offshore platforms in the South Pars gas field that had been forced to halt output after Israeli attacks disrupted processing capacity at some onshore facilities, the chief executive of the Pars Oil and Gas Company told state media on Sunday. Touraj Dehqani said the platforms had not been damaged. He said production from the three platforms was being routed to other processing plants in the region while repairs continue at damaged facilities, including [Read more]
Tiny Guyana poised for big Iran oil gains and growth strains
Guyana was already the world’s fastest growing economy before the U.S.-Israeli war on Iran drove up oil prices. Now, the tiny Caribbean nation of nearly 1 million people will reap an even bigger bonanza as the conflict reshapes global energy markets. The war that caused one of the largest energy disruptions in history highlights the growing importance of countries including Guyana that offer political stability and geographically unrestricted access to their estimated 11 billion barrels of [Read more]
“No Pathways, No Pipeline” makes No Sense says Friends of Science Society Citing Global Energy Shortfall and No Climate Emergency
CALGARY, AB, May 28, 2026 /PRNewswire/ -- Prime Minister Mark Carney's stance of "No Pathways, no pipeline" as reported by CTV News on May 25, 2026, makes no sense in a world facing an extreme energy shortfall, says Friends of Science Society, in response to the recently signed Implementation Agreement between Canada and Alberta. Friends of Science Society sees many problems with the agreement and issued an Open Letter to Premier Danielle Smith. They also produced a video explainer titled, [Read more]
Pine Cliff Energy Ltd. Announces Results of Shareholders’ Meeting, Annual Share Unit and Stock Option Grant, and Declares Monthly Dividend for June 30, 2026
Calgary, Alberta--(Newsfile Corp. - May 29, 2026) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") is pleased to announce all matters presented for approval at the Annual Meeting of Shareholders on May 29, 2026 (the "Meeting") have been approved. A total of 111,664,320 common shares representing 31.12% of Pine Cliff's issued and outstanding common shares were voted in connection with the Meeting. Each of the five nominees proposed by Pine Cliff and as set out [Read more]
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