Alcedio Capital Inc. (“Alcedio”) has been retained as financial advisor to market and facilitate the sale of a private, Calgary, Alberta-based upstream light oil and gas company (the “Company”). The Company is a private exploration and production business focused in Swan Hills and Northwest (“NW”) Alberta, with current production of approximately 1,000 boe/d from 55 producing wells, weighted 97% to light crude oil and NGLs. The Company has identified more than 400 development locations across [Read more]
News
Oil falls on prospects for talks to end Iran war
Oil prices fell in early trade on Friday on optimism the Middle East conflict could be nearing an end after a 10-day ceasefire between Lebanon and Israel took effect and President Donald Trump said the U.S. and Iran may meet for talks on the weekend. Brent crude futures declined by 61 cents, or 0.61%, to $98.78 a barrel at 0707 GMT. U.S. West Texas Intermediate crude futures fell 89 cents, or 0.94%, to $93.8 a barrel, trimming gains from the previous session. Addressing a key sticking [Read more]
CES Energy Solutions Corp. announces appointment of Ms. Theresa Roessel to the Board of Directors
CALGARY, AB, April 16, 2026 /CNW/ - CES Energy Solutions Corp. ("CES" or the "Company") (TSX: CEU) (OTC: CESDF) is pleased to announce the appointment of Ms. Theresa Roessel to the Board of Directors and Audit Committee, effective April 16, 2026. Ms. Roessel is a designated CPA and has over 30 years of executive, finance and audit experience across energy, healthcare and not-for-profit organizations. Ms. Roessel currently serves as a director and member of the audit [Read more]
Discount on Western Canada Select widens
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Thursday. WCS for May delivery in Hardisty, Alberta, settled at $17 a barrel, below the U.S. benchmark WTI, according to brokerage CalRock, compared to $16.60 on Wednesday. * That marks the steepest differential for heavy Canadian crude since the start of the U.S. war on Iran. * The WCS differential has been volatile since the start of conflict and the effective closure [Read more]
Coelacanth Energy Announces Bought Deal Financing of C$60 Million
/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES./ CALGARY, Alberta, April 16, 2026 (GLOBE NEWSWIRE) -- Coelacanth Energy Inc. (the "Company" or "Coelacanth") (TSX-V: CEI) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the "Agreement"), co-led by Haywood Securities Inc. and Roth Canada, Inc. (the "Co-Lead Underwriters"), as joint bookrunners (such syndicate of underwriters, together with the Co-Lead [Read more]
Saturn Oil & Gas Inc. Announces Release Date for Q1 2026 Results and Provides Conference Call / Webcast Details
Calgary, Alberta--(Newsfile Corp. - April 16, 2026) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) ("Saturn" or the "Company"), a light oil-weighted producer focused on unlocking value through the development of our assets in Saskatchewan and Alberta, confirms that the Company intends to report our Q1 2026 financial results on Wednesday, May 6, 2026 after market close. A conference call and webcast will be held on Thursday, May 7, 2026, at 8:00 am MT (10:00 am ET) for interested [Read more]
RBC, Scotiabank pull back on climate goals
TORONTO - RBC and Scotiabank say they're dropping their 2030 targets for reducing financed emissions as governments pull back on climate action and artificial intelligence drives a surge in energy demand. In 2022, RBC set goals to reduce funded emissions for the oil and gas, power generation and automotive sectors by the end of the decade as part of working toward net-zero financed emissions by 2050. The bank says in its sustainability report that after reviewing numerous factors including [Read more]
AER Designates Long Run Exploration Ltd.’s Sites to Orphan Well Association for Closure
April 9, 2026 CALGARY – The Alberta Energy Regulator (AER) has turned over all remaining energy assets for Long Run Exploration Ltd. (Long Run) in Alberta to the Orphan Well Association (OWA) to complete closure work. The company filed for receivership March 5, 2025, and as of April 7, 2026, the receiver filed a limited discharge certificate to confirm it is no longer in control of the sites, which are primarily gas-weighted with some light-medium crude oil production. The [Read more]
Trump’s energy leaders to hold call with CEOs on Iran war, source says
The heads of the U.S. Interior and Energy Departments will hold a call on Thursday with CEOs from energy companies including Exxon and Chevron on their potential to boost oil and gas output, an administration official said, as the Iran war hikes global energy prices. The prices, which are returning to levels seen during the aftermath of Russia's invasion of Ukraine in 2022, are a risk to President Donald Trump's fellow Republicans in the November midterm elections. Global oil prices spiked [Read more]
Industry confidence waning new pipeline will be deemed in national interest: survey
CALGARY - A new business sentiment survey from ATB Cormark Capital Markets suggests confidence is waning in a new oil pipeline being chosen for a speedy federal review within the next year. The investment firm canvassed executives representing 24 energy services firms, 22 exploration and production companies and 17 institutional investors on a range of topics between March 18 and April 1. Forty-six per cent of respondents said they believed it was either highly probable or probable a new [Read more]
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