Weekly Energy Newsletter

News Items Ending June 29, 2026


 

Mergers & Acquisitions:

  • E&P: ROK Resources Inc. (TSXV:ROK) announced the sale of select non-core southeast Saskatchewan assets for $8MM. The assets divested are expected to produce 280 boed in the upcoming twelve months, of which 97% consists of liquids.

Financing:

  • Cleantek Industries Inc. (TSXV:CTEK) announced a $2MM senior credit facility with a Canadian financial institution to support its international growth initiatives and for additional working capital.

Other:

  • According to B.C. Premier David Eby, the final investment decision (FID) on LNG Canada Phase 2 is expected to occur in September 2026.

  • Crude oil inventory in the U.S. Strategic Petroleum Reserve (SPR) declined to 331.2MM bbls last week, the lowest level since June 1983.