The Venezuelan government rejected the seizure of a new vessel transporting oil, it said in a statement on Saturday, describing it as a "serious act of international piracy," after the United States seized another tanker near the coast of the South American country. Venezuela "denounces and rejects the theft and hijacking of a new private vessel transporting oil, as well as the forced disappearance of its crew, committed by military personnel of the United States of America in international [Read more]
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US seizes vessel off Venezuelan coast, officials say
The United States is interdicting and seizing a vessel off the coast of Venezuela in international waters, three U.S. officials told Reuters on Saturday, a move that comes just days after U.S. President Donald Trump announced a "blockade" of all sanctioned oil tankers entering and leaving Venezuela. This would mark the second time in recent weeks that the United States has seized a tanker near Venezuela and comes amid a large U.S. military build-up in the region. The officials, who were [Read more]
Baytex Closes U.S. Eagle Ford Sale
Calgary, Alberta--(Newsfile Corp. - December 19, 2025) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex" or the "Company") today announced that it has closed the sale of its U.S. Eagle Ford Assets for net proceeds of US$2.14 billion (approximately $2.96 billion in Canadian dollars) after closing adjustments. This strategic divestiture significantly strengthens Baytex's financial position and sharpens its focus on a high-return Canadian energy platform, positioning the Company for [Read more]
Greenfire Resources Announces Closing of Rights Offering and Refinancing Initiatives
Calgary, Alberta--(Newsfile Corp. - December 19, 2025) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company") is pleased to announce the successful completion of its previously announced refinancing initiatives (the "Refinancing Initiatives"). The Refinancing Initiatives included a C$300.0 million offering of rights (the "Rights") to all eligible Greenfire shareholders to purchase additional common shares of the Company (the "Common Shares") which expired at 4:00 p.m. [Read more]
Dakota Access pipeline should continue operating, US Army Corps of Engineers says
The U.S. Army Corps of Engineers on Friday released a long-anticipated Environmental Impact Statement for the Dakota Access Pipeline (DAPL), recommending that operations of the oil pipeline continue with some conditions. The EIS, a document required by U.S. law to evaluate the environmental effects of major federal actions, is a win for DAPL operator Energy Transfer and a step closer to the end of a lengthy court battle between the company and nearby Native American tribes, who have been [Read more]
US drillers cut oil and gas rigs for second week in a row, says Baker Hughes
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since August, 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 six to 542 in the week to December 19, the lowest since September. Baker Hughes said oil rigs fell by eight to 406 this week, their lowest since September 2021, while gas rigs held at 127 and [Read more]
North Dakota rig count, frac crew count falls, state regulator says
(Adds quote from state regulator in paragraphs 3-4) HOUSTON, Dec 19 (Reuters) - The number of active rigs and hydraulic fracturing crews has fallen in North Dakota, according to the state's Department of Mineral Resources on Friday. North Dakota currently has 27 active rigs, down from 28 in November, while seven hydraulic fracturing crews are operating in the state, down from 10 last month. Companies have decreased activity owing to end of year budgetary reasons as well as a softer oil [Read more]
Tuktu Resources Ltd. Announces Mailing of Management Proxy Materials for Requisitioned Meeting
Calgary, Alberta--(Newsfile Corp. - December 19, 2025) - Tuktu Resources Ltd. (TSXV: TUK) ("Tuktu" or the "Company"), a junior oil and gas producer based in Calgary, Alberta, announces the mailing of proxy materials pertaining to the special meeting (the "Meeting") of the Company's shareholders ("Shareholders") in response to a requisition (the "Requisition") from certain shareholders (the "Dissident Group"), as noted in Tuktu's press releases dated October 23, 2025 and November 10, 2025. The [Read more]
Rogue texts, aliens and a marriage proposal – welcome to Vladimir Putin’s phone-in
President Vladimir Putin's epic annual press conference on Friday was punctuated by bizarre moments and occasional barbs from ordinary Russians venting their frustration via unfiltered text messages. As expected, the dominant theme was Russia's war in Ukraine, but Putin also fielded a host of offbeat questions from ordinary people who seized their once-a-year chance to grill him on any topic at the marathon event. A woman called Kristina asked Putin about aliens in outer space, and a young [Read more]
Surging barrels at sea spook oil markets more than Russia or Venezuela: Bousso
Oil prices slumped below $60 a barrel this week as investors try to make sense of U.S. President Donald Trump’s push to end the war in Ukraine and force out Venezuelan President Nicolas Maduro. Yet the real driver of prices in the months ahead is likely to be far more prosaic: a spike in global crude supplies, both on land and at sea. Global benchmark Brent crude oil futures plunged by nearly 3% on Tuesday to below $59, their lowest since early 2021, amid growing optimism that a peace deal [Read more]
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