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]
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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]
Surge Energy Inc. announces fourth quarter and year end financial results for 2025; Strong 2025 year end reserve additions; Operational updates; and appointment to the Board of Directors
CALGARY, AB, March 4, 2026 /CNW/ - Surge Energy Inc. ("Surge", "SGY", or the "Company") (TSX: SGY) is pleased to announce its financial and operating results for the quarter and year ended December 31, 2025, and its year end 2025 reserves as independently evaluated by GLJ Ltd. ("GLJ"). Furthermore, Surge is pleased to announce the appointment of Mr. Ryan Gritzfeldt to the Board of Directors, effective March 4, 2026. Select financial and operating information is outlined below and [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 Wednesday for the first time since the U.S.-Israeli war on Iran began. WCS for April delivery in Hardisty, Alberta, settled at $12.45 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $12.40 on Tuesday. * With the Strait of Hormuz closed, there is a supply shortage of heavy and sour grades of crude oil in Asia, which should create demand [Read more]
Insurance broker Marsh meets US officials on restoring Gulf maritime trade amid Iran war
Insurance broker Marsh McLennan said on Wednesday it had met with U.S. officials to explore solutions for restoring maritime trade amid escalating fighting in the Middle East, as attacks in the region threaten energy shipments through the Strait of Hormuz. The waterway, a critical chokepoint between Iran and Oman, carries about a fifth of globally traded crude oil and liquefied natural gas. Shipping through the strait has slowed significantly following Iranian strikes on commercial [Read more]
Baytex Announces Fourth Quarter and Full Year 2025 Results and CEO Succession; Completes Transition to a Focused Canadian Energy Company
Calgary, Alberta--(Newsfile Corp. - March 4, 2026) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") reports its operating and financial results for the three months and year ended December 31, 2025 (all amounts are in Canadian dollars unless otherwise noted). "2025 was a definitive year for Baytex, marked by the successful repositioning of our portfolio into a focused, high-return Canadian oil producer," said Eric T. Greager, Chief Executive Officer. "We strengthened our financial [Read more]
Vermilion Energy Inc. Delivers Record Annual Production and Strong Reserve Recycle Ratios, Q4 2025 Production Exceeds Guidance with Robust Fund Flows from Operations
CALGARY, AB, March 4, 2026 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion" or the "Company") (TSX: VET) (NYSE: VET) is pleased to report operating and condensed financial results for the year ended December 31, 2025. The audited financial statements, management discussion and analysis and annual information form for the year ended December 31, 2025 will be available on the System for Electronic Document Analysis and Retrieval Plus ("SEDAR+") at www.sedarplus.ca, on EDGAR at [Read more]
Tourmaline achieves record production, adds 829 million BOE of 2P reserves and reduces 2026 EP capex
CALGARY, AB, March 4, 2026 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the full year and fourth quarter of 2025. HIGHLIGHTS Record Q4 2025 average production of 659,204 boepd and January 2026 average production of over 685,000 boepd. 829 million boe proved plus probable ("2P") reserve addition in 2025, including a corporate record single year organic 2P reserve addition of 457 [Read more]
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