Calgary, Alberta--(Newsfile Corp. - January 7, 2026) - Tuktu Resources Ltd. (TSXV: TUK) ("Tuktu" or the "Company"), a junior oil and gas producer based in Calgary, Alberta, is pleased to announce its 2026 corporate strategy centered on its Monarch oil play as well as an operations update. Tuktu's streamlined 2026 plan in the Monarch area focuses on improving well targeting using seismic, pursuing low-cost well workovers to de-risk the play, cutting overhead, and evaluating the divestment of its [Read more]
News
Prairie Provident Resources Announces Operations Update
CALGARY, Alberta, Jan. 07, 2026 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) provides an operational update on its drilling program in its Princess and Michichi areas. The Company successfully drilled and completed one Ellerslie multi-leg open hole horizontal well, 102/03-24-018-11W4M, in its Princess core area. The well’s initial production results are summarized in the following table: Well Identifier Days from Spud to [Read more]
Canadian crude at 18-month low versus WTI as Venezuelan turmoil rattles market
The discount on Western Canada Select to North American benchmark West Texas Intermediate futures grew on Wednesday to its widest point in 18 months as investors digested U.S. President Donald Trump's deal to import up to $2 billion worth of Venezuelan crude. WCS for February delivery in Hardisty, Alberta, settled at $14.45 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $13.80 on Tuesday. It was the widest discount Canadian heavy crude has settled at [Read more]
Chevron in talks with US government for expanded Venezuela license, sources say
Oil producer Chevron is in talks with the U.S. government to expand a key license to operate in Venezuela so it can increase crude exports to its own refineries and sell to other buyers, four sources close to the negotiations said on Wednesday. The talks come as Washington and Caracas progress in negotiations to supply up to 50 million barrels of Venezuelan oil to the United States and President Donald Trump presses American oil companies to invest in the South American country's energy [Read more]
Exxon signals fall in fourth-quarter upstream profit
U.S. oil major Exxon Mobil said on Wednesday that lower crude oil prices could cut its fourth-quarter upstream earnings by about $800 million to $1.2 billion. Oil prices declined 9.2% during the three months ended December 31, as concerns about oversupply and tariffs outweighed geopolitical risks. Brent crude futures shed about 19% in 2025, the most substantial annual percentage decline since 2020 and their third straight year of losses, the longest such streak on record. U.S. West Texas [Read more]
EOG Resources says Venezuela oversupply is driving shale prices down
EOG Resources said on Wednesday that oversupply from Venezuela is driving oil prices down and it would last for several more quarters. Brent crude futures were down about 0.6% at $60.30 a barrel in the day, while U.S. West Texas Intermediate crude lost about 1% to $56.53 a barrel. Prices fell as investors reacted to U.S. President Donald Trump's announcement that the country had reached an agreement to import up to $2 billion worth of Venezuelan crude, a move expected to boost supplies to [Read more]
US energy secretary says US refilling SPR, seeks faster pace
U.S. Energy Secretary Chris Wright said on Wednesday the government wants to refill the country's Strategic Petroleum Reserve and is already adding oil, though not as quickly as he would like. Speaking at the Goldman Sachs Energy, CleanTech & Utilities Conference in Miami, Wright said U.S. President Donald Trump had lobbied last summer to secure funding to restore and refill the emergency stockpile. Wright said some funds were secured to repair SPR infrastructure damaged during rapid [Read more]
Russia says US seizure of oil tanker is illegal, lawmaker calls it piracy
Russia said on Wednesday that the U.S. seizure of a Russian-flagged oil tanker in the Atlantic was a violation of maritime law, and a senior lawmaker described it as "outright piracy". Russia's Transport Ministry said contact with the vessel, the Marinera, had been lost after U.S. naval forces boarded it near Iceland as part of efforts to block oil exports from Venezuela. "In accordance with the 1982 U.N. Convention on the Law of the Sea, freedom of navigation applies in the high seas, and [Read more]
US needs to control Venezuelan oil sales, revenue to drive change, says energy secretary
The United States needs to control Venezuela's oil sales and revenue to drive the changes it wants to see in the country, Energy Secretary Chris Wright said on Wednesday. Wright said he was speaking to U.S. oil companies to learn what conditions would enable them to enter the South American country and added that he wanted to sell Venezuelan oil to U.S. refineries. Over the weekend, President Donald Trump said the U.S. would "take control" of Venezuela after U.S. forces ousted Venezuelan [Read more]
Venezuelan oil sales to US to start immediately, continue indefinitely, Trump official says
Venezuelan oil sales to the United States will start immediately with an initial shipment of approximately 30 million to 50 million barrels and will continue indefinitely, a senior Trump administration official told Reuters on Wednesday. Trump on Tuesday unveiled a plan to refine and sell up to 50 million barrels of Venezuelan oil that had been stuck in Venezuela under U.S. blockade. The official said that U.S. sanctions on Venezuela will be selectively eased to help facilitate the supply [Read more]
- « Previous Page
- 1
- …
- 281
- 282
- 283
- 284
- 285
- …
- 3778
- Next Page »