Calgary, Alberta--(Newsfile Corp. - April 27, 2026) - Lotus Creek Exploration Inc. (TSXV: LTC)("Lotus Creek" or the "Company") is pleased to announce that the nominees listed in the Company's management information circular dated March 13, 2026 were elected as directors of Lotus Creek at its annual meeting of shareholders (the "Meeting") held today, April 27, 2026. In addition, all other matters considered at the Meeting were approved by Lotus Creek's shareholders. On a vote by ballot, [Read more]
Headlines
Canada is getting a sovereign wealth fund. What does that mean and how do they work?
Prime Minister Mark Carney announced the creation of the country's first-ever sovereign wealth fund on Monday, called the Canada Strong Fund. Carney pitched the new fund as a way for Canadians to invest in nation-building projects in areas that include energy, infrastructure, mining, agriculture and technology. Here's what you need to know about sovereign wealth funds and how they operate. What is a sovereign wealth fund? A sovereign wealth fund is a state-owned investment vehicle. [Read more]
Lotus Creek Exploration Inc. Announces First Quarter 2026 Operating Results and Expanded Capital Budget
Calgary, Alberta--(Newsfile Corp. - April 27, 2026) - Lotus Creek Exploration Inc. (TSXV: LTC) ("Lotus Creek" or the "Company") is pleased to provide the following first quarter operating results and operational update to shareholders. Lotus Creek's Interim Consolidated Financial Statements and related Management's Discussion and Analysis ("MD&A") for the period ended March 31, 2026 are available for review on Lotus Creek's website at www.lotuscreek.ca and on Lotus Creek's SEDAR+ profile at [Read more]
Canada, Alberta close in on carbon price agreement, sources say
Canada and Alberta are expected to strike a deal in the next two weeks that will increase the price on carbon for the province's industrial emitters, two sources with knowledge of the talks said, but a broader agreement to tackle oil sands greenhouse gases and green-light a new crude oil export pipeline remains elusive. Canada's federal government and its main oil-producing province have been in talks since November, when both parties agreed to work together to boost investment in energy [Read more]
ADNOC LNG tanker crosses Strait of Hormuz for first time since Iran war, ship-tracking data shows
A liquefied natural gas tanker managed by UAE's ADNOC has crossed the Strait of Hormuz and appears to be near India, ship-tracking data showed on Monday. If confirmed, this will be the first loaded LNG tanker to cross the strait since the Iran war started on February 28. Adnoc did not immediately respond to a Reuters request for comment. The 136,357-cubic-meter tanker, which is managed by Adnoc Logistics & Services and was last seen in the Gulf on March 30, has shown up off the west [Read more]
JPMorgan among banks providing financing for Kuwaiti oil pipeline stake deal
JPMorgan and two Kuwaiti lenders are joining HSBC in a $6 billion financing syndicate for prospective buyers of a stake in Kuwait Petroleum Corporation's crude oil pipeline network, three people with knowledge of the matter told Reuters. KPC has been in talks with a group of potential investors over a stake sale in its crude oil pipelines estimated to be worth around $7 billion, Reuters reported in February. However, the process was thrown into uncertainty by the U.S.-Israeli war with Iran, [Read more]
Shell to buy Canada’s ARC in output-boosting USD $16.4 billion deal
Shell has agreed to buy Canadian energy company ARC Resources in a deal valued at $16.4 billion, including debt, which the British oil and gas major said on Monday would boost its output by 370,000 barrels of oil equivalent per day. Analysts and the company had forecast Shell needed an acquisition or exploration breakthrough to make up for an expected production shortage of 350,000 to 800,000 boed roughly by the middle of the next decade due to maturing fields unable to meet its output targets, [Read more]
Paramount Resources to sell its stake in drilling subsidiary to Akita Drilling
CALGARY - Paramount Resources Ltd. has signed a deal to sell its stake in its Fox Drilling subsidiary to Akita Drilling Ltd. Under the agreement, Akita will pay nearly 19.3 million voting common shares for the operations that Paramount plans to distribute to its shareholders. Akita has also said it will eliminate its dual-class share structure. Paramount shareholders are expected to receive 0.1324 of an Akita share for each Paramount share they hold. Once the transaction is complete, [Read more]
Shell announces agreement to acquire Canadian energy company, ARC Resources Ltd (“ARC”).
Shell announces agreement to acquire Canadian energy company, ARC Resources Ltd (“ARC”). Acquisition accelerates Shell’s strategy by adding 370 kboe/d1 immediately across liquids and gas leading to a 4% production CAGR2 through to 2030, compared to 2025. Increases Shell’s exposure to long-duration, low-cost and top quartile low carbon intensity shale gas and liquids production in Canada’s Montney basin, delivering value for decades. Transaction expected to generate double digit [Read more]
Paramount Resources Announces Sale of Fox Drilling
CALGARY, AB, April 27, 2026 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce that it has entered into a purchase and sale agreement (the "Agreement") with AKITA Drilling Ltd. ("AKITA") pursuant to which AKITA will acquire all of Paramount's interests in its Fox Drilling subsidiary ("Fox") for 19,264,270 voting common shares of AKITA (the "Transaction"). The assets of Fox consist of six triple drilling rigs, five of which are [Read more]
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