Sales under a flagship oil supply agreement between Venezuela and the U.S. are expected to reach $2 billion by the end of this month, U.S. Secretary of Energy Chris Wright told reporters in Texas on Thursday. The U.S. took control of Venezuela's oil exports shortly after U.S. forces captured President Nicolas Maduro in early January, with proceeds going to a U.S.-supervised fund in Qatar. Since then, trading houses Vitol and Trafigura have been marketing and trading the lion's share of the [Read more]
News
Alberta projects C$9.4 billion deficit on lower oil prices
The Canadian oil-producing province of Alberta forecast a budget deficit of C$9.4 billion ($6.87 billion) for its 2026/27 fiscal year on Thursday, breaking its own rules on allowable deficit financing and blaming lower global crude prices that have walloped the government's resource revenues. The outlook reflects Alberta's vulnerability to commodity price fluctuations, prompting the provincial government to commit to what it called a broad review of its finances and spending, aimed at restoring [Read more]
Pembina green-lights two pipeline projects, reports dip in quarterly earnings
CALGARY - Pembina Pipeline Corp. says it has decided to proceed with two pipeline expansion projects in British Columbia and Alberta as it announced a dip in fourth-quarter earnings. The Calgary-based energy infrastructure company says earnings for the final three months of 2025 were $489 million, or 78 cents per share, compared to $572 million, or 92 cents per share, a year earlier. Revenue fell to $1.91 billion from $2.15 billion during the same 2024 quarter. Pembina says the two [Read more]
Pembina Pipeline Corporation Reports Results for the Fourth Quarter of 2025 and Provides Business Update
All financial figures are in Canadian dollars unless otherwise noted. This news release refers to certain financial measures and ratios that are not specified, defined or determined in accordance with Generally Accepted Accounting Principles ("GAAP"), including net revenue; adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA"); adjusted cash flow from operating activities; and adjusted cash flow from operating activities per common share. For more [Read more]
Petrus Resources Announces Monthly Activity Update
CALGARY, Alberta, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company's website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. FOR FURTHER INFORMATION PLEASE CONTACT: Ken [Read more]
Suncor Energy files annual disclosure documents and renews NCIB
All financial figures are in Canadian dollars, unless noted otherwise. Calgary, Alberta--(Newsfile Corp. - February 26, 2026) - Suncor Energy (TSX: SU) (NYSE: SU) has filed its 2025 Annual Report, 2025 Annual Information Form and 2026 Management Proxy Circular. To view the company's annual disclosure documents, visit Suncor's profile on sedarplus.ca or sec.gov or visit Suncor's website at suncor.com/financialreports. Normal Course Issuer Bid (NCIB) Additionally, the Toronto Stock Exchange [Read more]
Obsidian Energy Announces TSX Approval for Renewal of Normal Course Issuer Bid
Calgary, Alberta--(Newsfile Corp. - February 26, 2026) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted Obsidian Energy's notice of intention to renew our normal course issuer bid (the "NCIB"). The NCIB allows Obsidian Energy to purchase up to 6,458,536 common shares (representing 10 percent of the Company's public float, as defined by the TSX, [Read more]
“Get busy living or get busy dying” – A look back at the fastest growing public companies in Western Canada over the last 6 months – StackDX Intel
There was a time in the Canadian oil patch when growth used to be pretty much the only measure of success. Companies aimed to grow production and reserves and everything else was secondary. Through numerous price crashes, infrastructure constraints and shifting investor preferences, those days seem like long ago. Nowadays, companies are tasked with being efficient stewards of capital. Their job is to to carefully weigh capital decisions, balancing growth capital and acquisition considerations, [Read more]
Russia says EU plan to permanently ban its oil is mad
MOSCOW, Feb 26 - Russian Foreign Ministry spokeswoman Maria Zakharova said on Thursday that only a "madman" could propose a permanent ban on oil imports from Russia, as planned by the European Union. The European Commission will submit a legal proposal to permanently ban Russian oil imports on April 15, three days after Hungary's parliamentary election, according to EU officials and a document seen by Reuters. (Reporting by Dmitry Antonov; writing by Vladimir Soldatkin; Editing by Mark [Read more]
Pentacor Energy Corp. – Property Divestiture
Pentacor Energy Corp. (“Pentacor” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the farmout or sale of its oil interests located in the Neilburg area of Saskatchewan (the “Property”). The Company is selling the Property in order to focus its operations on its core assets. The Property is prospective for oil production from 9 stacked Mannville zones which contain significant oil originally in place, with low recovery factors and opportunities for infill [Read more]
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