CALGARY, AB, Feb. 16, 2026 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on March 16, 2026, in respect of February 2026 production, for the shareholders of record on February 28, 2026, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The [Read more]
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Suffocating Western pressure may finally force Russian oil output cuts: Bousso
Russian oil producers could be forced to sharply cut output in coming months as tightening pressure from U.S. President Donald Trump and European powers restricts the country’s exports and its storage fills up, a development that would further dent the Kremlin’s war chest. Russian crude exports have remained broadly stable in recent years despite sweeping Western sanctions and a sharp reduction in energy purchases by Europe. Moscow successfully redirected most of its seaborne crude to China, [Read more]
Iran holds military drill in Hormuz Strait, Tasnim news agency reports
Iran's Revolutionary Guards navy held a drill in the Hormuz Strait on Monday, the semi-official Tasnim news agency reported, a day prior to renewed Iran-U.S. nuclear negotiations. The drill, named "Smart Control of Hormuz Strait", aimed at testing the readiness of operational forces in the face of "possible security and military threats", Tasnim reported. (Reporting by Dubai Newsroom; Editing by Alex Richardson) [Read more]
Oil steady as traders brace for U.S.–Iran nuclear talks
Oil traded little changed on Monday, with investors weighing the market implications of upcoming U.S.-Iran talks aimed at de-escalating tensions against a backdrop of expected OPEC+ supply increases. Brent crude futures edged up 3 cents to $67.78 a barrel by 0358 GMT. U.S. West Texas Intermediate crude was at $62.91 a barrel, up 2 cents. There will be no WTI settlement on Monday due to a U.S. holiday. Last week, both benchmarks posted weekly declines with Brent settling down about 0.5% and [Read more]
Prospera Energy Announces Operations and Financing Update
Calgary, Alberta--(Newsfile Corp. - February 15, 2026) - Prospera Energy Inc. (TSXV: PEI) (OTC Pink: GXRFF) ("Prospera", “PEI”, the “Company”, or the "Corporation") is pleased to provide an operational update highlighting the continued success of our corporate reactivation strategy in Luseland. Recent field operations and production engineering initiatives have successfully reactivated numerous wells, now delivering strong reservoir oil production rates. Ongoing technical learnings and [Read more]
Trump, Netanyahu agreed US should press Iran to cut oil sales to China, Axios reports
President Donald Trump and Israeli Prime Minister Benjamin Netanyahu agreed at a White House meeting on Wednesday that the U.S. would work to reduce Iran's oil exports to China, Axios reported, citing two U.S. officials briefed on the issue. "We agreed that we will go full force with maximum pressure against Iran, for example, regarding Iranian oil sales to China," Axios reported on Saturday, quoting a senior U.S. official. China accounts for more than 80% of Iran's oil exports. Any reduction [Read more]
Peyto Exploration & Development Corp. Confirms Monthly Dividend for March 13, 2026
CALGARY, Alberta, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto") confirms that the monthly dividend with respect to February 2026 of $0.11 per common share is to be paid on March 13, 2026, for shareholders of record on February 28, 2026. Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes. Shareholders and interested investors are encouraged to visit the Peyto website at www.peyto.com to [Read more]
South Bow Shares Findings of Root Cause Analysis of Milepost 171 Incident
CALGARY, Alberta, Feb. 13, 2026 (GLOBE NEWSWIRE) -- South Bow Corp. (TSX & NYSE: SOBO) (South Bow or the Company) and the Pipeline and Hazardous Materials Safety Administration (PHMSA) have received the independent third-party root cause analysis (RCA) of the incident that occurred at Milepost 171 (MP-171) of the Keystone Pipeline on April 8, 2025, near Fort Ransom, N.D. Root cause analysis findings According to the RCA, the characteristics of the MP-171 incident were unique. Both the [Read more]
Tuktu Resources Ltd. Announces Executive Leadership Changes
Calgary, Alberta--(Newsfile Corp. - February 13, 2026) - Tuktu Resources Ltd. (TSXV: TUK) ("Tuktu" or the "Company", a junior oil and gas producer based in Calgary, Alberta, announces leadership changes, effective immediately. Tuktu is pleased to welcome Craig Wall, CPA, CA as Chief Financial Officer (CFO). Craig brings over 25 years of experience as a senior finance professional, beginning his career with EY and KPMG before transitioning to the oil and gas sector. Mr. Wall previously held [Read more]
US drillers cut three oil rigs, add three gas rigs, leaving weekly count unchanged, says Baker Hughes
U.S. energy firms this week cut three oil rigs and added three natural gas rigs, keeping the overall rig count unchanged, energy services firm Baker Hughes said in its closely followed report on Friday. After rising for three weeks in a row, the oil and gas rig count, an early indicator of future output, held at 551 in the week to February 13. Baker Hughes said that left the total count down 37 rigs, or 6% below this time last year. Baker Hughes said oil rigs fell by three to 409 this week, [Read more]
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