NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Calgary, Alberta--(Newsfile Corp. - July 15, 2026) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that we have entered into an underwriting agreement to sell, on a private placement basis (the "Offering"), an additional $75.0 million aggregate principal amount to our existing 8.125% senior unsecured notes due December [Read more]
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Freehold Royalties Declares Dividend for July 2026
CALGARY, Alberta, July 15, 2026 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold) (TSX: FRU) announces that its Board of Directors has declared a dividend of Cdn. $0.09 per common share to be paid on August 17, 2026 to shareholders of record on July 31, 2026. These dividends are designated as “eligible dividends” for Canadian income tax purposes. Freehold is uniquely positioned as a leading North American energy royalty company with approximately 6.0 million gross acres in Canada and [Read more]
Iran’s Qalibaf says Tehran has no reason to honour U.S. MoU without benefits
Iran's top negotiator Mohammad Baqer Qalibaf said on Wednesday that if Iran did not benefit from its memorandum of understanding with the U.S., "we have no reason to adhere to such an understanding". Iran's national security depends on maintaining "Iranian arrangements" in the Strait of Hormuz, Qalibaf added in a statement posted on Telegram. He said Iran's approach to its war with the U.S. and negotiations to end it should be based on national interests, national security and a long-term [Read more]
Some ships refusing US-military guided Hormuz transits after attacks, sources say
Shipping companies are avoiding using a U.S. military-guided transit scheme through the Strait of Hormuz after a wave of Iranian attacks on vessels sparked safety concerns, seven maritime security and shipping industry sources said. For decades ships sailed into and out of the Gulf using a safe set of lanes down the middle of the strait established by the U.N.’s shipping agency in 1968 dubbed the Traffic Separation Scheme. Since the Iran war began on February 28, Iranian forces have mined [Read more]
Discount on Western Canada Select narrows
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed in Tuesday's trading session, according to data from brokerage CalRock on Wednesday. WCS for August delivery in Hardisty, Alberta, settled at $13.40 a barrel below the U.S. benchmark WTI, CalRock said, compared to $13.65 on Monday. * The discount remains significantly wider than it was in June, after traffic through the Strait of Hormuz picked up earlier this month, and due [Read more]
US crude stocks fall as refiners step up processing, EIA says
U.S. oil and gasoline stocks fell last week, the U.S. Energy Information Administration said on Wednesday, as refiners stepped up their crude processing and gasoline demand remained sturdy in the summer driving season. Crude inventories fell by 1.7 million barrels to 409.7 million barrels in the week to July 10, the EIA said, compared with analysts' expectations in a Reuters poll for a 2.6 million-barrel draw. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 430,000 barrels in [Read more]
Why Iranian, Houthi threats to Red Sea shipping matter more for oil now
Iran has warned that its campaign to throttle global energy markets could be expanded from the Strait of Hormuz to the vital Red Sea route if U.S. attacks continue, a threat that depends on its Houthi allies in Yemen. This is why it matters and what it means for the Iran war and the global energy crisis: HOW BIG IS THE RISK TO GLOBAL ENERGY MARKETS? Closure of the Bab el-Mandeb strait — gateway to the Red Sea — would open a new front in the energy crisis and Iran's overarching conflict [Read more]
Source Rock Royalties declares monthly dividend and announces grant of incentive securities
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./ CALGARY, AB, July 15, 2026 /CNW/ -- Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties and Crown mineral leases, announces that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on August 14, 2026 to shareholders of record on July 31, 2026. This dividend is [Read more]
Surge Energy Inc. confirms August 2026 dividend
CALGARY, AB, July 15, 2026 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on August 17, 2026, in respect of July 2026 production, for the shareholders of record on July 31, 2026, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow [Read more]
Asian refiners snap up US crude as Hormuz risks mount, trade sources say
Asian refiners snapped up U.S. crude cargoes overnight as they sought to secure alternative supplies amid escalating tensions in the Middle East, trade sources said on Wednesday. Two South Korean refiners purchased at least 5 million barrels of West Texas Intermediate (WTI) crude, the people said. The cargoes for loading in July and August were bought at premiums of about $11-$12 a barrel to the Dubai benchmark, they added. Thai refiner PTT bought about 1 million barrels of U.S. crude [Read more]
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