Russian President Vladimir Putin is likely to send a signal to the United States and European powers on Friday over his appetite for peace or more war in Ukraine when he speaks at a marathon end-of-year news conference. Russia invaded Ukraine in February 2022, after eight years of fighting in eastern Ukraine, triggering the biggest confrontation between Moscow and the West since the Cold War. U.S. President Donald Trump, who says he wants to be remembered as a peacemaker, has repeatedly [Read more]
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Cygnet Energy Ltd. and Kiwetinohk Energy Corp. Announce Completion of Arrangement
CALGARY, Alberta, Dec. 18, 2025 (GLOBE NEWSWIRE) -- Cygnet Energy Ltd. ("Cygnet") and Kiwetinohk Energy Corp. ("Kiwetinohk") (TSX: KEC) are pleased to announce the completion of the acquisition of Kiwetinohk by Cygnet. As previously announced, all outstanding common shares of Kiwetinohk (the "KEC Shares") were acquired by Cygnet pursuant to a plan of arrangement under Section 192 of the Canada Business Corporations Act (the "Arrangement") for $24.75 per KEC Share. As part of the Arrangement, [Read more]
Saudi Arabia crude exports rise to two-and-a-half year high in October
Saudi Arabia's crude oil exports hit their highest level in two and a half years in October, data from the Joint Organizations Data Initiative (JODI) showed on Thursday. Crude exports from the world's largest oil exporter increased to 7.100 million barrels per day (bpd), higher than September's 6.460 million bpd, and their highest level since April 2023. Saudi Arabia's crude output, meanwhile, stood at about 10 million bpd in October, its highest since April 2023. Output in September stood at [Read more]
Why Canada’s hottest shale play is catching the eye of US producers
U.S. oil and gas producers in search of fresh drilling territory are looking to expand in Western Canada's Montney basin, a remote yet massive shale play that is already a hotbed of M&A activity and could see more deals soon, according to executives, analysts and advisors. Extensive drilling in U.S. shale fields over the past 15 years or so has made the country the world's biggest oil producer. Drilling prospects in the Permian, the largest U.S. oilfield extending across Texas and New [Read more]
Saudi Arabia crude exports rise to 7.100 mln bpd in Oct
Saudi Arabia's crude oil exports in Oct rose to 7.100 million barrels per day from 6.460 million bpd in Sept, official data showed on Thursday. Monthly export figures are provided by Riyadh and other members of the Organization of the Petroleum Exporting Countries (OPEC) to the Joint Organizations Data Initiative (JODI), which published them on its website. (Reporting by Bengaluru Commodities Desk) [Read more]
Lycos Energy Inc. Announces Retirement of Kel Johnston from Board
Calgary, Alberta--(Newsfile Corp. - December 18, 2025) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") announces that Mr. Kel Johnston will retire from his role as a director on the Company's Board of Directors, effective December 31, 2025. Mr. Johnston has served on the Board since 2018 under the Company's predecessor, Chronos Resources Ltd., and continued his service through the Company's transition to Lycos. The Board and management would like to thank Mr. Johnston for his many [Read more]
Kremlin calls for restraint around Venezuela, calls situation ‘potentially very dangerous’
The Kremlin on Thursday called for countries in the region to show restraint when it came to Venezuela in order to avoid what it called unpredictable events and called rising tensions "potentially very dangerous". The United States has in recent weeks been ramping up pressure on the government of Nicolas Maduro, which Kremlin spokesman Dmitry Peskov referred to as an ally and partner of Russia. (Reporting by Reuters, Writing by Felix Light Editing by Andrew Osborn) [Read more]
Japan’s JAPEX buys US tight oil and gas assets in $1.3 billion deal
Japan Petroleum Exploration said on Thursday it will acquire Verdad Resources Intermediate Holdings LLC (VRIH), which owns tight oil and gas assets in the U.S. for $1.3 billion in its largest-ever deal. JAPEX will buy VRIH, which holds assets in Colorado and Wyoming, from Verdad Resources Feeder LLC using a mix of its own funds and debt. The transaction is expected to close by the end of February 2026. The Japanese energy firm has been seeking to become an operator of a U.S. oil and gas [Read more]
Asia’s imports of US energy drop in 2025 despite Trump trade moves: Russell
Asia's imports of U.S. crude oil, coal and liquefied natural gas are on track to decline this year despite President Donald Trump's efforts to boost shipments as part of his trade and tariff policies. The decline in imports from the United States is largely driven by China, the world's biggest buyer of commodities, which pulled back on purchases after Trump ramped up tariffs on U.S. imports of Chinese goods, with the current average rate around 47.5%. Asia's imports of U.S. crude oil are [Read more]
BP appoints Woodside’s Meg O’Neill as CEO after Auchincloss’ abrupt exit
Oil and gas major BP has appointed Meg O'Neill, the head of Australia's Woodside Energy, as its next CEO to lead its effort to boost profits and refocus on oil and gas after a detour into renewables. O'Neill, who will take over in April following the abrupt departure of Murray Auchincloss, will become BP's first CEO appointed from outside the company in its more than century-long history and the first woman to head any of the world's top five oil majors. The second CEO change in just over two [Read more]
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