ConocoPhillips is exploring a sale of some of its Permian Basin assets as part of a broader streamlining of its portfolio, Bloomberg News reported on Friday, citing people familiar with the matter. The assets, picked up over the years through deals with Concho Resources and Shell, are expected to fetch about $2 billion, the report added. ConocoPhillips is working with advisers to seek a buyer, with interest expected from strategic as well as private equity suitors, the people [Read more]
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US lawmakers plan Iran war powers vote as Trump weighs strikes
The U.S. Congress could vote as soon as next week on whether to block President Donald Trump's ability to strike Iran without lawmakers' approval, as the U.S. military prepares for a potential serious conflict with Iran if diplomatic efforts fail. Members of Congress, including a few of Trump's fellow Republicans as well as Democrats, have tried - and failed - repeatedly to pass resolutions that would bar Trump from military action against foreign governments without lawmakers' [Read more]
US drillers keep oil and natgas rig count unchanged for second week in a row, says Baker Hughes
U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for a second week in a row, 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, held steady at 551 in the week to February 20, the same as last week. Despite this week's lack of rig movement, Baker Hughes said the total count was still down 41 rigs, or 7% below this time last year. Baker Hughes said oil rigs held [Read more]
Energy Transfer terminates offtake agreements with some customers of suspended Lake Charles LNG project
Energy Transfer has terminated offtake agreements with some customers of its suspended Lake Charles liquefied natural gas project in Louisiana, according to a filing with the U.S. Securities and Exchange Commission on Thursday. Here are some details: * "Several LNG offtake agreements have been terminated based on the nonsatisfaction of the condition related to making a final investment decision by the date specified in the applicable LNG offtake agreement," Energy Transfer said in a 10K [Read more]
Cenovus signals confidence in pipeline egress as production nears 1 million BOE/d
Cenovus Energy signaled growing confidence in Canadian crude export capacity during its fourth-quarter earnings call, highlighting a sharp reduction in its exposure to Alberta pricing and an increasingly active role in securing new takeaway options. CEO Jon McKenzie and Geoff Murray, EVP Commercial, said the company has significantly diversified where its crude is sold compared with past years, lowering its vulnerability to Western Canadian Select (WCS) differential blowouts. “In 2018, we sold [Read more]
Logan Energy Corp. upsizes previously announced equity offerings to $65 million
CALGARY, AB, Feb. 20, 2026 /CNW/ - Logan Energy Corp. (TSXV: LGN) ("Logan" or the "Company") is pleased to announce that, as a result of excess demand, it has agreed with the syndicate of underwriters (the "Underwriters") co-led by National Bank Capital Markets as sole bookrunner and co-lead underwriter, and TD Securities Inc. as co-lead underwriter, to increase the size of its previously announced bought-deal equity financing (the "Equity Offerings"). Logan will now issue 45,274,000 common [Read more]
SECURE announces 2025 fourth quarter and year-end results, 2026 guidance and 5% dividend increase
Achieved Full-Year 2025 Adjusted EBITDA of $501 million; Returned $373 million to shareholders in 2025 through dividends and the repurchase of 8% of outstanding shares Provides 2026 Adjusted EBITDA guidance of $520–$550 million Board approval of a 5% increase to the quarterly dividend rate to $0.105 per share CALGARY, AB, Feb. 20, 2026 /CNW/ - SECURE Waste Infrastructure Corp. ("SECURE" or the "Corporation") (TSX: SES), a leading waste management and energy [Read more]
Trump ally ties up with Russia’s Novatek on natural gas in Alaska, NYT reports
American financier Gentry Beach, who has ties to U.S. President Donald Trump's family, signed an agreement with Russia’s energy giant Novatek last autumn to develop natural gas in Alaska amid Western sanctions against Russia, the New York Times reported on Friday. In August, Trump and Russian President Vladimir Putin met in Alaska for talks aimed at ending Russia's war in Ukraine. U.S. and Russian officials discussed several potential energy deals on the sidelines of the negotiations. [Read more]
Oil heads for first weekly gain in three as US-Iran tensions brew
*Oil prices hold at six-month highs *Geopolitical risk premiums remain near-term price driver *Supply remains ample, analysts say (Updates prices, adds details and analyst comments) By Laila Kearney and Trixie Yap Feb 20 - Oil prices rose on Friday, headed for their first weekly gain in three, on growing concerns a conflict may erupt between the U.S. and Iran, after Washington said Tehran will suffer if it does not agree a deal on its nuclear activity in a matter of days. Brent [Read more]
Alberta plans referendum to wrest control over immigration from Canadian government
Alberta will hold a referendum this fall to ask residents if its government should limit the number of new international students, temporary foreign workers and asylum seekers arriving in the oil-rich Canadian province. The move, announced by Premier Danielle Smith in a televised address on Thursday evening, represents an attempt by Alberta to wrest control of a key issue from the federal government. Immigration policy in Canada is primarily the responsibility of Ottawa, not the provinces. It [Read more]
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