CALGARY, Alberta, March 18, 2026 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three months and year ended December 31, 2025, and to provide 2025 year-end reserves information as evaluated by Insite Petroleum Consultants Ltd. ("Insite"). The Company's Management's Discussion and Analysis ("MD&A") and audited consolidated financial statements are available on SEDAR+ at [Read more]
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Cavvy Energy Releases 2025 Q4 and Full Year Financial and Operating Results, 2025 Reserves, and Repays US$27 Million Debt in Q1 2026
Third-Party Processing Growth and Hedging Gains Drive Debt Reduction; Strong Sulphur Prices Support Increase in Reserve Value Not For Distribution to United States News Wire Services or Dissemination in United States CALGARY, Alberta, March 18, 2026 (GLOBE NEWSWIRE) -- Cavvy Energy Ltd. (“Cavvy” or the “Company”) (TSX:CVVY) is pleased to announce the release of its fourth quarter and full year 2025 financial and operating results. The Company produced 23,904 boe/d and generated Net [Read more]
Trump administration Alaska lease sale attracts $163 million from major oil and gas players
The U.S. government on Wednesday held its most successful sale ever of oil and gas drilling rights in Alaska's National Petroleum Reserve, attracting $163 million in winning bids from industry players including ExxonMobil, ConocoPhillips, Repsol and Shell. The sale appeared to show pent-up demand from drillers for acreage in the reserve after more than six years without a federal oil and gas auction. Though it has high development potential, interest in the region has waned in recent years [Read more]
US oil exports seen rising as WTI discount to Brent hits widest in 11 years
The discount for U.S. crude futures versus Brent on Wednesday hit the widest in 11 years, as attacks on Middle Eastern oil infrastructure drove the global benchmark higher while rising supply in the U.S. set the stage for a jump in oil exports. The U.S-Israeli war on Iran has thrown global oil markets into turmoil, driving crude and fuel prices to multi-year highs as a key trade route has mostly closed and some energy output in the Middle East is shut. The surge in Brent relative to U.S. [Read more]
Logan Energy Corp. announces 2025 financial results and provides an operations update
CALGARY, AB, March 18, 2026 /CNW/ - Logan Energy Corp. (TSXV: LGN) ("Logan" or the "Company") is pleased to announce its operating and financial results for the fourth quarter and year ended December 31, 2025 and to provide an operations update. Selected financial and operational information set out below should be read in conjunction with the Company's audited annual financial statements and related management's discussion and analysis ("MD&A") as at and for the years ended [Read more]
QatarEnergy reports ‘extensive damage’ after missile attacks on Ras Laffan industrial city
Qatar's state oil giant QatarEnergy said on Wednesday that "extensive damage" has been caused after the Ras Laffan Industrial City was subjected to missile attacks, shortly after the country's interior ministry reported a fire resulting from an Iranian attack on the area. "Emergency response teams were deployed immediately to contain the resulting fires," the world's second-largest LNG exporter said in a statement. No casualties were reported and all personnel were accounted for, it [Read more]
US poised to waive summer gasoline regulations to ease prices, sources say
The Trump administration is expected to announce soon that it will temporarily lift federal smog-cutting restrictions on summer-blend gasoline to curb rising energy prices stemming from the Iran conflict, according to three sources familiar with the matter. The move would make standard gasoline cheaper by not forcing refiners and retailers to switch to more costly summer blends of gasoline, while also allowing fuel retailers to continue selling gasoline blended with 15% ethanol, known as E15, [Read more]
Vance to meet with oil trade group, acknowledges ‘rough road ahead’ on gas prices
U.S. Vice President JD Vance and Energy Secretary Chris Wright will meet on Thursday with the American Petroleum Institute, the nation’s largest oil trade group, as the Trump administration looks to ease rising gas prices. In the third week of the Iran war, Vance told reporters in Michigan on Wednesday the administration will announce a "couple of things" in the next 24 to 48 hours to address gas prices, now up 92 cents on average nationwide compared to last month, according to travel analyst [Read more]
Russia says Middle East conflict fuelling worst energy crisis in 40 years
Conflict in the Middle East is disrupting a significant share of global energy supplies and has triggered the most severe energy crisis in the past 40 years, Deputy Prime Minister Alexander Novak said on Wednesday. "In the context of the current Middle East conflict, this affects at least 20 million barrels per day. This is the volume of oil and petroleum products that used to pass through the Strait of Hormuz every day, as recently as 19 days ago," he said. (Reporting by Olesya Astakhova; [Read more]
Saudi Arabia’s January crude exports rose, output highest since 2023, JODI says
Saudi Arabia's crude exports in January rose to 6.993 million barrels per day from 6.988 million bpd in December while crude output hit its highest since April 2023, data from the Joint Organizations Data Initiative (JODI) showed on Wednesday. The world's largest oil exporter, Saudi Arabia currently faces trouble exporting as war in Iran reduces tanker traffic out of the Gulf to a trickle. Saudi production in January stood at about 10.100 million bpd, the JODI data showed, up from 10.084 [Read more]
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