Producers and pipeline operators invested $17.9 billion from 2019 to 2023 By Deborah Jaremko on March 2, 2026, 12:37 pm MST Photo courtesy Canada's Oil Sands Innovation Alliance New numbers show Canada’s oil and gas sector remains far ahead of other industries when it comes to environmental protection spending. Statistics Canada reports that oil and gas producers and pipeline operators spent $4.3 billion on environmental protection in 2023 — the highest total among the 20 [Read more]
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Jet fuel’s huge price surge points to coming pain from Iran war: Russell
The explosion in jet fuel prices in Asia is an early indicator that the economic pain of the war in the Middle East is about to become reality for energy consumers. Jet fuel prices in Asia's trading hub Singapore rocketed 72% to $225.44 a barrel on Wednesday, a record high, on worries about future supplies given the disruption of about 20 million barrels per day (bpd) of crude oil and refined product shipments through the Strait of Hormuz. The spot price of jet kerosene has now gained 140% [Read more]
BP’s foreign staff evacuated from Iraq oilfield after drones landed in field, sources say
Foreign staff were evacuated from Iraq's giant Rumaila oilfield, run by British energy major BP, after two unidentified drones landed inside the field on Thursday, three Iraqi oil industry sources told Reuters. "We are taking all necessary steps to support our partners and ensure the safety of our people," a BP spokesperson told Reuters. "We are continuously assessing the situation, have been communicating with those people under our duty of care and will address them directly should there [Read more]
InPlay Oil Corp. Announces 2025 Financial, Operating and Reserves Results Highlighted by Light Oil Production Growth of 131% and Total Proved and Probable Reserve Replacement of 1,084%
CALGARY, AB, March 5, 2026 /CNW/ - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to announce its financial and operating results for the three and twelve months ended December 31, 2025, along with the results of its independent oil and gas reserves evaluation effective December 31, 2025 (the "Reserve Report") prepared by GLJ Ltd. ("GLJ"). InPlay's audited annual financial statements and notes, and Management's Discussion and Analysis ("MD&A") [Read more]
Canadian Natural Resources beats profit estimates on higher production
Canadian Natural Resources surpassed analysts' expectations for fourth-quarter profit on Thursday, benefiting from higher oil production. Canadian oil sands producers, including Canadian Natural Resources, weathered a global sector downturn, hit by U.S. tariff uncertainty and rising OPEC+ supply, thanks to years of investment that kept their costs among the lowest in North America. The country's largest oil and gas producer said its output rose to 1.66 million barrels of oil equivalent per [Read more]
Canadian Natural Resources Limited Announces 2025 Fourth Quarter and Year End Results
Calgary, Alberta--(Newsfile Corp. - March 5, 2026) - Canadian Natural's (TSX: CNQ) (NYSE: CNQ) President, Scott Stauth, commented on the Company's fourth quarter and year end 2025 results, "The year 2025 was the best operational year in the Company's long history of maximizing value for our shareholders. We set several production records, lowered our operating costs and capital expenditures came in under our forecast. We grew organically and completed several accretive acquisitions, including [Read more]
Oil prices rise as Iran conflict widens
Oil prices rose on Thursday amid growing concern over the prolonged closure of the Strait of Hormuz, as the U.S.-Iran war chokes off vital Middle East oil and gas flows while production facilities limit output. Brent crude was trading up $1.67, or 2.05%, at $83.07 per barrel by 0141 GMT. U.S. West Texas Intermediate crude rose $1.94, or 2.60%, to $76.60. The U.S.–Iran war widened on Wednesday after a U.S. strike hit an Iranian warship off Sri Lanka and U.S. Senate Republicans backed [Read more]
Athabasca Oil Announces 2025 Year-end Results and Reserves
CALGARY, Alberta, March 04, 2026 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its audited 2025 year-end results and reserves. The annual results are highlighted by strong operational performance across all assets, resilient financial performance, and execution of continued shareholder returns. Athabasca provides investors unique positioning to top tier liquids weighted assets (Thermal Oil and Duvernay) with a focus on maximizing [Read more]
Pine Cliff Energy Ltd. Announces 2025 Annual Results, Filing of Disclosure Documents, Annual Reserves, Dividend Declaration and Corporate Outlook
Calgary, Alberta--(Newsfile Corp. - March 4, 2026) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") announces its 2025 annual results, filing of disclosure documents, year-end reserves and dividend declaration. Q4 2025 and 2025 financial highlights include: Generated $7.8 million ($0.02 per basic and fully diluted share) and $29.9 million ($0.08 per basic and fully diluted share) of adjusted funds flow1 for the three months and year ended December 31, [Read more]
Lotus Creek Exploration Inc. Announces Fourth Quarter 2025 Operating Results, Year-End Reserves Summary and Operational Update
Calgary, Alberta--(Newsfile Corp. - March 4, 2026) - Lotus Creek Exploration Inc. (TSXV: LTC) ("Lotus Creek" or the "Company") is pleased to provide the following fourth quarter operating and financial results and a summary of the year-end independent evaluation of the Company's reserves. Lotus Creek's Audited Consolidated Financial Statements and related Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2025 are available for review on Lotus Creek's website at [Read more]
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