A liquefied natural gas tanker managed by UAE's ADNOC has crossed the Strait of Hormuz and appears to be near India, ship-tracking data showed on Monday. If confirmed, this will be the first loaded LNG tanker to cross the strait since the Iran war started on February 28. Adnoc did not immediately respond to a Reuters request for comment. The 136,357-cubic-meter tanker, which is managed by Adnoc Logistics & Services and was last seen in the Gulf on March 30, has shown up off the west [Read more]
News
JPMorgan among banks providing financing for Kuwaiti oil pipeline stake deal
JPMorgan and two Kuwaiti lenders are joining HSBC in a $6 billion financing syndicate for prospective buyers of a stake in Kuwait Petroleum Corporation's crude oil pipeline network, three people with knowledge of the matter told Reuters. KPC has been in talks with a group of potential investors over a stake sale in its crude oil pipelines estimated to be worth around $7 billion, Reuters reported in February. However, the process was thrown into uncertainty by the U.S.-Israeli war with Iran, [Read more]
Shell to buy Canada’s ARC in output-boosting USD $16.4 billion deal
Shell has agreed to buy Canadian energy company ARC Resources in a deal valued at $16.4 billion, including debt, which the British oil and gas major said on Monday would boost its output by 370,000 barrels of oil equivalent per day. Analysts and the company had forecast Shell needed an acquisition or exploration breakthrough to make up for an expected production shortage of 350,000 to 800,000 boed roughly by the middle of the next decade due to maturing fields unable to meet its output targets, [Read more]
Paramount Resources to sell its stake in drilling subsidiary to Akita Drilling
CALGARY - Paramount Resources Ltd. has signed a deal to sell its stake in its Fox Drilling subsidiary to Akita Drilling Ltd. Under the agreement, Akita will pay nearly 19.3 million voting common shares for the operations that Paramount plans to distribute to its shareholders. Akita has also said it will eliminate its dual-class share structure. Paramount shareholders are expected to receive 0.1324 of an Akita share for each Paramount share they hold. Once the transaction is complete, [Read more]
Shell announces agreement to acquire Canadian energy company, ARC Resources Ltd (“ARC”).
Shell announces agreement to acquire Canadian energy company, ARC Resources Ltd (“ARC”). Acquisition accelerates Shell’s strategy by adding 370 kboe/d1 immediately across liquids and gas leading to a 4% production CAGR2 through to 2030, compared to 2025. Increases Shell’s exposure to long-duration, low-cost and top quartile low carbon intensity shale gas and liquids production in Canada’s Montney basin, delivering value for decades. Transaction expected to generate double digit [Read more]
Paramount Resources Announces Sale of Fox Drilling
CALGARY, AB, April 27, 2026 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce that it has entered into a purchase and sale agreement (the "Agreement") with AKITA Drilling Ltd. ("AKITA") pursuant to which AKITA will acquire all of Paramount's interests in its Fox Drilling subsidiary ("Fox") for 19,264,270 voting common shares of AKITA (the "Transaction"). The assets of Fox consist of six triple drilling rigs, five of which are [Read more]
ARC Resources Ltd. announces agreement to be acquired by Shell plc
CALGARY, AB, April 27, 2026 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC" or the "Company") announced that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with Shell plc ("Shell") and Shell Canada Limited ("Shell Canada"), a wholly owned subsidiary of Shell, whereby Shell has agreed to acquire all of the issued and outstanding common shares of ARC ("ARC Shares") in a cash and share transaction valued at approximately $22 billion, including assumed [Read more]
Akita announces transformative acquisition of Fox Drilling and elimination of dual class share structure
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CALGARY, AB, April 27, 2026 /CNW/ - AKITA Drilling Ltd. (TSX: AKT.A) (TSX: AKT.B) AKITA Drilling Ltd. ("AKITA" or the "Company") is pleased to announce that it has entered into a definitive agreement (the "Purchase Agreement") with Paramount Resources Ltd. ("Paramount") to acquire all of Paramount's interests in Fox Drilling Limited Partnership ("Fox"), a privately-held [Read more]
SECURE files management information circular in connection with GFL transaction
The Board of Directors of SECURE unanimously recommends that shareholders vote FOR the Arrangement Resolution. Your vote is important no matter how many shares you own. Vote today. Shareholders who have questions or need assistance with voting their shares should contact SECURE's proxy solicitation agent Laurel Hill Advisory Group by telephone at 1‑877‑452‑7184 (toll-free in North America), 1-416-304-0211 (outside North America), by texting "INFO" to [Read more]
Companies dust off oil rigs in storage in Venezuela as contracts are overhauled
Oilfield service companies that for years kept rigs and specialized equipment stored in Venezuela have begun removing them from warehouses for assembly and repair as the government advances a review of oil and gas contracts that could lead to fresh activity, four sources involved in the preparations said. Since a sweeping reform of Venezuela's main oil law was approved in January, foreign and local producers have been submitting required documentation while negotiating the ratification or [Read more]
- « Previous Page
- 1
- …
- 95
- 96
- 97
- 98
- 99
- …
- 3753
- Next Page »