Oil prices rose in Asian trade on Thursday as the U.S. and Iran attempted to ease a standoff in talks over Tehran's nuclear programme while both sides heightened military activity in the key oil-producing region. Brent futures climbed 24 cents, or 0.3% to $70.59 a barrel by 0415 GMT, while U.S. West Texas Intermediate (WTI) crude gained 28 cents, or 0.4%, to trade at $65.47 a barrel. Both benchmarks settled more than 4% higher on Wednesday, posting their highest settlements since January [Read more]
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Crude oil’s current Iran premium assumes no supply disruption: Russell
The premium currently built into the crude oil price over tensions between the United States and Iran fluctuates according to the daily headlines, but there is an underlying assumption that everything will turn out fine. Global benchmark Brent futures jumped 4.4% on Wednesday to close at $70.35 a barrel, the highest finish since January 30. The increase was largely driven by news reports that Iran and Russia will conduct navy drills in the Sea of Oman and the northern Indian Ocean on [Read more]
Pipeline operator Kinetik prepares sale process, FT reports
Kinetik Holdings, a pipeline operator in the Delaware Basin, is considering a sale following an approach from Western Midstream Partners, the Financial Times reported on Wednesday, citing people familiar with the matter. The development comes as energy-intensive data centers and rising liquefied natural gas (LNG) exports drive U.S. gas consumption higher, prompting producers to pull more fuel from the ground. Texas-based Kinetik, which has a market value of $7.20 billion according to LSEG [Read more]
Trican Reports Annual Results for 2025 and Declares Quarterly Dividend
Calgary, Alberta--(Newsfile Corp. - February 18, 2026) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") is pleased to announce its annual results for 2025. The following news release should be read in conjunction with Management's Discussion and Analysis ("MD&A"), the consolidated financial statements and related notes for the year ended December 31, 2025, as well as the Annual Information Form ("AIF") for the year ended December 31, 2025. All of these documents are [Read more]
Saturn Oil & Gas Inc. Announces Release Date for Q4 and Full Year 2025 Results and Provides Conference Call / Webcast Details
Calgary, Alberta--(Newsfile Corp. - February 18, 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 Q4 and full year 2025 financial results, along with our year end 2025 independent reserves evaluation in accordance with National Instrument 51-101, on Wednesday, March 11, 2026 after [Read more]
Golden Pass moves closer to producing first LNG
Golden Pass, an LNG project jointly owned by Exxon Mobil and QatarEnergy, pulled 300 million cubic feet of gas on Wednesday as it moves closer to making its first LNG, LSEG data show. When complete the 18 million metric tonnes per annum project in Texas is expected to be one of the largest U.S. LNG export facilities and to help the U.S. maintain its position as the world's largest exporter of the superchilled gas. On January 30, Exxon's CEO Darren Woods said he expected the plant to start [Read more]
KO’d! How this Inventory is Punching Liquids Right Out of the Gas Stream
Step into the ring, production managers, because OSY just dropped the February inventory and it’s throwing absolute haymakers. If your gas stream is carrying more unwanted liquid than a soggy sandwich, you’re cruising for a bruising—and your flare stack is usually the one that pays the price. We’re talking about high-pressure Flare Knockout Drums so over-engineered they make your current equipment look like it’s shadowboxing in the dark. From 5 BBL scrappers to 200 BBL heavyweights, this lineup [Read more]
Some things about AI are becoming clear – the demand for “real” stuff is going to skyrocket
Elon Musk seemingly can perform the impossible. He, in a sense, invented a whole new segment of the automobile industry, building and commercializing electric vehicles when major manufacturers said it couldn’t be done. He built a rocket company that runs laps around NASA, the long-predominant US governmental space agency. He also made the biggest leap in human history, when he went from environmental hero (for EV breakthroughs) to a Trump-team pariah within the blink of an eye, all while siring [Read more]
SM Energy to sell some Texas assets for $950 million
SM Energy said on Wednesday it would sell select assets in South Texas to Caturus Energy for $950 million in cash to reduce debt and bolster its capital structure. The U.S.-based oil and gas producer has agreed to sell nearly 61,000 net acres and about 260 producing wells in its southern Maverick Basin position in Webb County, Texas, along with related support facilities. Its shares were up 1.2% in premarket trading. The transaction is expected to close in the second quarter, with an [Read more]
China isn’t importing any US LNG, but it’s still in the game: Bousso
China this month marks a year since it last imported liquefied natural gas from the U.S. amid a tense trade war between the world's two largest economies. Yet throughout the past year, Chinese firms have continued purchasing U.S. LNG under long-term supply contracts with American producers. Instead of delivering the super-chilled fuel home, they have often diverted it to Europe, where demand has surged in recent years. This apparent disconnect between politics and commerce highlights how [Read more]
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