U.S. LNG exporters have so far offset the drop in shipments from Qatar following Iranian attacks on its facilities and the closure of key Middle East shipping lanes, ensuring that total supplies remain at record highs despite the war. The on-again, off-again peace talks with Iran mean that the repair of damaged Qatari liquefied natural gas export sites remains a distant prospect, and could result in a years-long dent to supplies from the world's third-largest producer. The attacks wiped [Read more]
News
Tanker HELGA arrives at Iraq’s Basra terminal to load crude, second since Hormuz closure, say sources
Oil tanker HELGA, sailing under the flag of Comoros, arrived at one of the offshore oil loading terminals in Iraq's southern Basra port on Friday and was preparing to load 2 million barrels of crude, two port sources said. The vessel is the second tanker to reach Basra's southern offshore terminals since the closure of the Strait of Hormuz, the sources added. (Reporting by Mohammed Aref; Editing by Susan Fenton) [Read more]
Eni says market underestimating Iran war’s impact on energy prices
The Iran war will have a bigger and more lasting impact on oil and gas prices than is being priced in, Eni's finance chief Francesco Gattei said on Friday as the group raised its estimate for 2026 Brent crude prices to $83 per barrel, from $70. Eni also lifted its forecast for Dutch TTF gas prices to 50 euros per megawatt hour, from 36 euros per MWh, as it reported first-quarter adjusted net profit of 1.3 billion euros ($1.5 billion), down from 1.4 billion euros a year earlier and below an [Read more]
Questerre to sell non-operated Kakwa Central assets for $23.5 million
THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, April 24, 2026 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) reported today it has entered into a binding agreement to sell its non-operated minority working interest in its Kakwa Central assets for total consideration of $23.5 million. Pursuant to a purchase and sale agreement, the [Read more]
Gulf oil output likely to rebound within months after Hormuz reopening, Goldman says
Gulf oil production, sharply curtailed by the Iran conflict, is likely to mostly recover within a few months after the Strait of Hormuz fully reopens, but could take significantly longer, Goldman Sachs said on Thursday. The bank estimated about 14.5 million barrels per day of Gulf crude output – around 57% of pre-war supply – was offline in April, largely due to precautionary shutdowns and stock management rather than physical damage to oilfields. The Strait of Hormuz handles about a fifth [Read more]
Tuktu Resources Ltd. announces 2025 year end results and operations update
CALGARY, AB, April 23, 2026 /CNW/ - Tuktu Resources Ltd. ("Tuktu" or the "Company") (TSXV: TUK) is pleased to announce its financial and operating results for the three months and year ended December 31, 2025 and an operations update on its recently drilled and completed well. The audited financial statements, related management's discussion and analysis ("MD&A") and annual information form for the year ended December 31, 2025 ("AIF") are available on SEDAR+ at [Read more]
AER Order Suspends MAGA Energy Operations
Announcement - April 23, 2026 On April 22, 2026, the Alberta Energy Regulator (AER) issued an order requiring MAGA Energy Ltd. (MAGA) to suspend its operations to protect the public and environment. Based on MAGA’s unpaid municipal taxes, AER and Orphan Well Association debt, and failure to meet its commitments, the Director assessed that the Licensee does not have the capacity to fulfill its regulatory and liability obligations. MAGA currently holds 581 wells, 108 [Read more]
Kelt Provides Results of Its Shareholders’ Meeting
Calgary, Alberta--(Newsfile Corp. - April 23, 2026) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") is pleased to announce that all matters presented for approval at the Annual Meeting of Shareholders held on April 22, 2026 (the "Meeting") have been fully authorized and approved. A total of 146,484,780 common shares, representing 72.99% of the common shares issued and outstanding, were represented in person or by proxy at the meeting. A brief description of the matters voted upon, [Read more]
White House expected to extend Jones Act waiver up to 90 days, sources say
The White House is expected to extend the Jones Act waiver for up to 90 days as early as Friday to help blunt fuel price pressures tied to the Iran conflict, according to two sources familiar with the decision. The move would temporarily ease requirements that goods transported between U.S. ports be carried on American-built and American-crewed vessels, allowing foreign-flagged ships to move fuel and other key commodities more freely as the administration seeks to contain energy market [Read more]
US oil executives expect crude output to rise as Iran war continues, survey shows
U.S. oil executives expect domestic production to rise as the ongoing war in Iran upends global supplies and pushes crude and fuel prices higher, according to a Dallas Fed survey. The survey collected data from April 15 to April 20 from 120 oil and gas firms, of which 78 were exploration and production firms and 42 were oilfield services firms. * A total of 43% of survey respondents expect U.S. crude production to rise by up to 250,000 barrels per day this year as a result of the Iran war. [Read more]
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