/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./ CALGARY, AB, March 24, 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 unaudited(1) operational and financial highlights for fiscal 2025 and the fourth quarter of 2025 ("Q4 2025"), and the sale of certain Crown mineral leases for cash proceeds and a gross [Read more]
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Spartan Delta Corp. announces adoption of shareholder rights plan
CALGARY, AB, March 24, 2026 /CNW/ - Spartan Delta Corp. ("Spartan" or the "Company") (TSX:SDE) announces that its board of directors has adopted a shareholder rights plan (the "Rights Plan") with Odyssey Trust Company as rights agent effective today. The Rights Plan is consistent with modern rights plans adopted by other Canadian public companies and has not been adopted in response to any specific proposal or intention to acquire control of Spartan. In the event of an unsolicited takeover [Read more]
Iran war deals harder blow to natural gas than oil: Maguire
At first glance, the Iran war appears to be hitting oil and gas with equal force, as missiles, drone strikes and shipping disruptions choke flows through the Strait of Hormuz. But beneath that surface symmetry lies a critical imbalance. The global gas supply chain has fewer rerouting options and less storage capacity than the oil market - making the fallout for gas consumers considerably more acute. Key gas infrastructure - liquefaction plants in particular - is more complex and expensive [Read more]
US to continue Iran strikes, pause applies only to energy sites, Semafor reports
The United States will continue its strikes on Iran, with the pause applying only to attacks on Tehran's energy sites, Semafor reported on Monday, citing a U.S. official, during what President Donald Trump has described as "productive" talks with unidentified Iranian officials. Earlier on Monday, Trump had postponed for five days a plan to hit Iran's power plants and energy infrastructure. Iran later denied that it had engaged in negotiations with the United States. "The stop on attacks [Read more]
Valero shuts Texas refinery after explosion rocks diesel unit, sources say
Valero Energy Corp has shut its 380,000-barrel-per-day (bpd) oil refinery in Port Arthur, Texas, following an explosion and fire at a diesel hydrotreater unit, people familiar with the plant operations said on Monday. The explosion at the 47,000-bpd 243-diesel hydrotreater unit rocked the region in east Texas on the Louisiana border, the sources said, with the blast heard as far as 11 miles away. Shutting the refinery is seen as necessary to contain the fire, which continued to rage nearly [Read more]
Prospera Energy Announces 8 Year Production High in Its Luseland Field
Prospera Energy Inc. (TSXV: PEI) (OTC Pink: GXRFF) ("Prospera", "PEI", the "Company", or the "Corporation") Calgary, Alberta--(Newsfile Corp. - March 23, 2026) - Luseland Field Update Prospera Energy is pleased to provide an operations update highlighting significant momentum across its Western Canadian heavy oil asset base. The Company's Luseland property in Saskatchewan has reached its highest production levels in almost a decade, a direct result of Prospera's systematic well reactivation [Read more]
CERAWeek-Canadian crude re-exports from Gulf Coast set to surge with pipeline projects, Enbridge says
Gulf Coast re-exports of Canadian heavy crude will increase significantly in the coming decade as a result of approved and proposed pipeline projects set to carry more oil from Canada to the U.S., the head of Enbridge's crude oil pipeline division said on Monday. The opening of Canada's Trans Mountain pipeline in 2024 redirected a significant share of Canada's export-bound crude oil towards British Columbia's Pacific coast and away from U.S. Gulf Coast terminals, said Colin Gruending, [Read more]
NextEra secures land in Texas for giant gas plant to power data centers, CEO says
NextEra Energy has secured land in Texas for a gas-fired plant to power a large data center campus backed by a U.S.-Japan agreement, the company’s CEO said on Monday. The power provider announced last week that the administration of President Donald Trump approved the development of two large gas plants, totaling about 10 gigawatts, in Texas and Pennsylvania to help meet the surging electricity needs of data centers. Under the agreement, the $33 billion projects would be developed and [Read more]
Union says BP lockout at Indiana oil refinery was unfair, urges return to talks
The United Steelworkers said on Monday BP engaged in unfair labor practices by locking out nearly 800 workers at its Whiting, Indiana, oil refinery and urged the company to resume contract talks. "BP's decision to lock out these skilled workers is unacceptable and unlawful," said USW International President Roxanne Brown. The union said it remains ready to negotiate. Last week, the British oil major barred the workers from entering the facility, following months of stalled contract [Read more]
Iran war makes second phase of LNG Canada more likely, TC Energy CEO says
The disruption to global liquefied natural gas supplies caused by the Iran war makes it more likely that a second stage of Canada's massive LNG Canada facility will be built, the CEO of Canadian pipeline company TC Energy predicted in Houston on Monday. While just weeks ago, market-watchers were talking about a potential glut of LNG globally, the Iran war has underscored the value of LNG that can reach Asia directly without transiting the Strait of Hormuz, TC Energy CEO François Poirier said. [Read more]
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