CALGARY, AB, April 27, 2026 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC" or the "Company") announced that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with Shell plc ("Shell") and Shell Canada Limited ("Shell Canada"), a wholly owned subsidiary of Shell, whereby Shell has agreed to acquire all of the issued and outstanding common shares of ARC ("ARC Shares") in a cash and share transaction valued at approximately $22 billion, including assumed [Read more]
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Akita announces transformative acquisition of Fox Drilling and elimination of dual class share structure
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CALGARY, AB, April 27, 2026 /CNW/ - AKITA Drilling Ltd. (TSX: AKT.A) (TSX: AKT.B) AKITA Drilling Ltd. ("AKITA" or the "Company") is pleased to announce that it has entered into a definitive agreement (the "Purchase Agreement") with Paramount Resources Ltd. ("Paramount") to acquire all of Paramount's interests in Fox Drilling Limited Partnership ("Fox"), a privately-held [Read more]
SECURE files management information circular in connection with GFL transaction
The Board of Directors of SECURE unanimously recommends that shareholders vote FOR the Arrangement Resolution. Your vote is important no matter how many shares you own. Vote today. Shareholders who have questions or need assistance with voting their shares should contact SECURE's proxy solicitation agent Laurel Hill Advisory Group by telephone at 1‑877‑452‑7184 (toll-free in North America), 1-416-304-0211 (outside North America), by texting "INFO" to [Read more]
Companies dust off oil rigs in storage in Venezuela as contracts are overhauled
Oilfield service companies that for years kept rigs and specialized equipment stored in Venezuela have begun removing them from warehouses for assembly and repair as the government advances a review of oil and gas contracts that could lead to fresh activity, four sources involved in the preparations said. Since a sweeping reform of Venezuela's main oil law was approved in January, foreign and local producers have been submitting required documentation while negotiating the ratification or [Read more]
Iran war hands OPEC’s swing producer crown to America: Bousso
The U.S. has stepped in to shield the global economy from the oil crunch triggered by the Iran war by boosting exports, selectively easing sanctions and tapping strategic reserves. The conflict may be denting Washington’s standing in some quarters, but it is also cementing its transformation into the world’s dominant energy superpower. Unlike in previous oil crises, the Organization of the Petroleum Exporting Countries has been left largely powerless. The near-hermetic closure of the Strait of [Read more]
Citi raises Brent forecast for 2026; sees $150 oil if Hormuz disruption persists
Citi raised its outlook for average Brent crude prices for the rest of 2026 late on Sunday, warning prices could surge to $150 a barrel if oil flows through the Strait of Hormuz remain disrupted through the end of June. The bank lifted its base-case forecast for Brent to $110, $95 and $80 a barrel for the second, third and fourth quarter of 2026, respectively, assigning a 50% probability to that scenario. Citi also pushed back its expected reopening of the Strait of Hormuz to the end of [Read more]
Goldman Sachs raises oil price forecasts on tight supply
Goldman Sachs has raised its oil price forecasts for the fourth quarter to $90 a barrel for Brent crude and $83 for U.S. West Texas Intermediate (WTI), on lower output from the Middle East. "The economic risks are larger than our crude base case alone suggests because of the net upside risks to oil prices, unusually high refined product prices, products shortages risks, and the unprecedented scale of the shock," GS analysts led by Daan Struyven said in an April 26 note. * Forecast assumes [Read more]
Trump tells Fox News Iran can call US if it wants to negotiate
President Donald Trump said on Sunday that Iran can reach out to the United Stated if it wants to negotiate an end to the war between the two countries. "If they want to talk, they can come to us, or they can call us. You know, there is a telephone. We have nice, secure lines," Trump said in an inteview on Fox News' "The Sunday Briefing." Trump canceled a trip by his envoys Steve Witkoff and Jared Kushner to Pakistan on Saturday, dealing a new setback to peace prospects after Iranian Foreign [Read more]
Iran peace hopes fade as Trump scraps talks
Hopes of a diplomatic breakthrough in the U.S.-Israeli war with Iran faded on Sunday, as efforts to revive talks stalled and both Tehran and Washington showed little sign of softening their positions. Iranian Foreign Minister Abbas Araqchi flew back to the Middle East from mediation talks in Pakistan over the weekend, while U.S. President Donald Trump scrapped a planned visit to Islamabad by his envoys Steve Witkoff and Jared Kushner. Although a ceasefire has paused full-scale fighting in the [Read more]
Questerre Energy Corporation Issues Clarification to Press Release from April 24, 2026
This News Release is Not for Dissemination or Distribution in the United States of America to United States Newswire Services or United States Persons CALGARY, Alberta, April 24, 2026 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) is providing a clarification to its previously disclosed estimated production following the disposition of its Kakwa Central assets. The Company’s original press release issued earlier today reported estimated production [Read more]
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