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Eni strengthens Venezuela ties with PDVSA, relaunching Junín-5 oil project and expanding major gas operations with long-term plans.

Calgary, Alberta--(Newsfile Corp. - June 10, 2026) - Acceleware Ltd. (TSXV: AXE) ("Acceleware" or the "Company") is pleased to announce it has been awarded up to $2 million in non-dilutive grant funding from the Clean Resource Innovation Network ("CRIN") under its Accelerating Cleantech Innovation Competition. The grant will support deployment of RF XL 2.0 in a heavy oil reservoir in the Saskatchewan Mannville Stack (the "Project"), with funding applied to eligible project costs from January 1,...

Calgary, Alberta--(Newsfile Corp. - June 8, 2026) - Acceleware Ltd. (TSXV: AXE) ("Acceleware" or the "Company") is pleased to announce it has acquired 35 net sections of heavy oil assets located in the Mannville Stack in Saskatchewan (the "Assets") from a private oil and gas company. The Company paid $100,000 cash and granted a gross overriding royalty on future production. The Assets comprise 35 net sections of land across a multi-zone heavy oil fairway, one horizontal well in the Rex zone...

Calgary, Alberta--(Newsfile Corp. - April 29, 2026) - Acceleware® Ltd. (TSXV: AXE) ("Acceleware" or the "Company"), is pleased to announce that it has entered into a second farm-in agreement (the "Agreement") for one section of land, with an option for an additional half-section of land, targeting the Mannville Stack in Saskatchewan. The Agreement represents another step in the Company's stated strategy to build a portfolio of heavy oil production rights and a runway of field opportunities for...

Calgary, Alberta--(Newsfile Corp. - December 9, 2025) - Acceleware® Ltd. (TSXV: AXE) ("Acceleware" or the "Company") is pleased to announce that it has entered into a farm-in agreement (the "Agreement") for one section of land targeting the Mannville Stack in Saskatchewan to conduct a demonstration of Acceleware's RF XL 2.0 technology. Under the Agreement, Acceleware will have the opportunity to drill an RF XL 2.0 horizontal well pair in 2026 in exchange for a gross overriding royalty. Upon...

Despite U.S. pressure following Maduro’s capture, Venezuela’s severely degraded oil infrastructure, environmental damage, and massive capital needs are deterring energy majors from returning.

McDermott has secured a subsea installation contract from BRAVA Energia for two fields offshore Brazil.

Canada's Strathcona Resources is selling its Montney assets for USD 2 billion in a strategic move to concentrate on thermal heavy oil.

First Helium has made a discovery of shallow heavy oil and confirmed the extension of a helium-enriched natural gas play in Canada.