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A North Dakota judge on Friday finalized a $345 million judgment against Greenpeace in a lawsuit pursued by pipeline company Energy Transfer over the environmental group's role in protests against the construction of the Dakota Access Pipeline. The final judgment by Judge James Gion was in line with a decision he issued in October, in which he slashed by almost half a damages award of about $667 million that a jury had awarded Energy Transfer in March. Greenpeace in a statement said it [Read more]

Barclays said Brent crude could rise to around $80 per barrel in the event of a material supply disruption, as U.S.-Iran tensions remain elevated. "While it is entirely possible that an escalation does not lead to a supply disruption and the $3-5/b risk premium in oil prices fades quickly, even a 1 mb/d supply outage would further question the widely expected supply glut and push Brent to $80/b, in our view," the bank said. Oil prices rose about 2% on Friday, with traders bracing for [Read more]

  CALGARY, AB, Feb. 27, 2026 /CNW/ - Westgate Energy Inc. ("Westgate" or the "Company") (TSXV: WGT) announces that the Company and Art Agolli (the "Holder"), a director of the Company, have agreed, subject to TSX Venture Exchange ("TSXV") approval, to amend the convertible unsecured subordinated debenture of the Company (the "Convertible Debenture") issued on March 7, 2025. Pursuant to the proposed amendments, the maturity date of the Convertible Debenture will be [Read more]

U.S. oil production fell for the second consecutive month in December to its lowest level since June last year, while demand reached a multi-month high, the Energy Information Administration said on Friday. Crude oil output averaged 13.66 million barrels per day in December, down about 133,000 bpd from November, the EIA said. That was the largest month-over-month decline in U.S. oil output since January 2025, when adverse weather caused shut-ins at major production centers. The U.S. is the [Read more]

CALGARY, Alberta, Feb. 27, 2026 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision” or the “Company”) (TSX:PD; NYSE:PDS) today announced that its common shares have been approved for dual listing on NYSE Texas, a fully electronic equities exchange headquartered in Dallas, Texas, which launched in March 2025. Precision will maintain its primary listing on the New York Stock Exchange (NYSE) and trade with the same “PDS” ticker symbol on NYSE Texas, effective March 2, 2026. The [Read more]

U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in six weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by one to 550 in the week to February 27, the lowest since late January. Baker Hughes said this week's decline puts the total rig count down 43 rigs, or 7% below this time last year. Baker Hughes said oil rigs fell by two to [Read more]