# BOE Report

> Oil & Gas News, Activity, and Information

> Generated by All in One SEO v5.0.3, this is an llms.txt file, used by LLMs to index the site.

## Sitemaps

- [XML Sitemap](https://boereport.com/sitemap.xml): Contains all public & indexable URLs for this website.

## Posts

- [New Economic Impact Study Highlights Woodfibre LNG's Benefits for Canada and B.C.](https://boereport.com/2026/10/22/new-economic-impact-study-highlights-woodfibre-lngs-benefits-for-canada-and-b-c/): Independent assessment projects billions in economic activity, labour income and government revenue as the project advances toward completion VANCOUVER, BC, Oct. 22, 2026 /CNW/ -- The construction of the first net-zero LNG export facility in Squamish has contributed nearly $13.6 billion in economic output to the Canadian economy and is set to generate an additional
- [Soaring diesel prices squeeze already tight agriculture margins: Farm Credit Canada](https://boereport.com/2026/10/22/soaring-diesel-prices-squeeze-already-tight-agriculture-margins-farm-credit-canada/): A new report from Farm Credit Canada says record-high diesel prices are squeezing already tight margins for farmers. It estimates a 2,000-hectare canola farm in Saskatchewan would see its fuel bill rise by between $68,000 and $106,000 in 2026. Natural Resources Canada says the national average price for a litre of diesel averaged $2.68 for
- [US refiners have run harder in 2026 as tight diesel supplies boost margins, EIA says](https://boereport.com/2026/10/22/us-refiners-have-run-harder-in-2026-as-tight-diesel-supplies-boost-margins-eia-says/): The US Energy Information Administration said on Thursday that US refiners have maintained higher-than-normal run rates this year, buoyed by strong margins stemming from tight global supplies of refined fuel products. * Refinery utilization has averaged more than 95% of capacity between May and September, the highest for those months since 1998, the EIA said.
- [US regulator is probing suspicious Iran oil trading, official says](https://boereport.com/2026/10/22/us-regulator-is-probing-suspicious-iran-oil-trading-official-says/): The US Commodity Futures Trading Commission is probing suspicious oil trading activity around the US war in Iran and scrutinizing prediction market trading around elections, the agency's enforcement director said on Thursday at a conference in New York. CFTC Enforcement Director David Miller made the remarks in response to a Bloomberg News story last week
- [Cheniere signs long-term LNG supply deals with QatarEnergy through 2054](https://boereport.com/2026/10/22/cheniere-signs-long-term-lng-supply-deals-with-qatarenergy-through-2054/): Cheniere Energy said on Thursday it has signed long-term agreements to supply QatarEnergy with 4 million metric tons of liquefied natural gas (LNG) annually from the early 2030s through 2054, as it plans to expand production capacity. Here are more details: * Agreements cover 2 million metric tons per year each from Cheniere’s Sabine Pass
- [Shell- and Exxon-backed UK chemicals group weighs $8 billion sale, FT reports](https://boereport.com/2026/10/22/shell-and-exxon-backed-uk-chemicals-group-weighs-8-billion-sale-ft-reports/): Infineum, a UK-based chemicals group backed by Shell, is exploring an $8 billion sale, the Financial Times reported on Thursday, as the energy major tries to refocus on its core oil and gas operations. The chemicals group, which is owned by Shell and ExxonMobil as a 50:50 joint venture, has tapped advisers at Bank of
- [Citi sees oil risks skewed to upside despite recovery in Gulf exports](https://boereport.com/2026/10/22/citi-sees-oil-risks-skewed-to-upside-despite-recovery-in-gulf-exports/): Citi said on Thursday that near-term risks to oil prices remain skewed to the upside despite a recovery in Gulf crude exports, as shipping bottlenecks continue to keep delivered supplies tight. * "The normalization of Arab Gulf oil exports has been volumetric rather than logistical, with unprecedented shipping inefficiencies keeping delivered crude costs elevated," Citi
- [Valero kicks off refiner results with record quarterly profit on higher margins](https://boereport.com/2026/10/22/valero-kicks-off-refiner-results-with-record-quarterly-profit-on-higher-margins/): Refiner Valero Energy posted its highest-ever quarterly profit on Thursday, beating Wall Street expectations, as disruptions caused by the Middle East conflict sent refining margins soaring during the third quarter. Shares of the company rose 2.6% in premarket trading. The US refining industry has been reaping bumper profits since the start of the war in
- [Pulse Seismic Inc. Reports Q3 2026 Financial Results and Declares Regular Quarterly Dividend](https://boereport.com/2026/10/21/pulse-seismic-inc-reports-q3-2026-financial-results-and-declares-regular-quarterly-dividend/): CALGARY, Alberta, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) is pleased to report its financial and operating results for the three and nine months ended September 30, 2026. The unaudited condensed consolidated interim financial statements, accompanying notes and MD&A are being filed on SEDAR+ (www.sedarplus.ca) and will
- [BHP chair points to Canada tax incentives in call for investment reforms](https://boereport.com/2026/10/22/bhp-chair-points-to-canada-tax-incentives-in-call-for-investment-reforms/): Australia must pay close attention to tax incentives and business-friendly measures offered by countries such as Canada if it wants to compete more effectively for global investment, BHP Chair Ross McEwan said on Thursday. Speaking at BHP's annual general meeting, McEwan said, "Make no mistake, Australia must compete for capital if it wants to win
- [US preparing to issue ordered departure of some personnel from Gulf embassies - US officials](https://boereport.com/2026/10/21/us-preparing-to-issue-ordered-departure-of-some-personnel-from-gulf-embassies-us-officials/): The US State Department is preparing to issue an ordered departure of some personnel and family members from US embassies across the Gulf region, three US officials said on Wednesday. The move was due to a possible resumption of hostilities, particularly with Iran-aligned Houthi militia in Yemen, two of the US officials said. The US
- [Don't mistake Mideast oil rebound for normality: Bousso](https://boereport.com/2026/10/22/dont-mistake-mideast-oil-rebound-for-normality-bousso/): Crude oil prices remain near five-month highs despite a recent surge in Middle East crude exports above pre-war levels and intensifying Iranian attacks on tankers in the Strait of Hormuz. This suggests investors may already be bracing for another round of regional escalation. The rebound in crude flows from the Gulf is striking. Middle East
- [Saudi Aramco seeks to partner with countries to expand its oil stockpile, CEO says](https://boereport.com/2026/10/22/saudi-aramco-seeks-to-partner-with-countries-to-expand-its-oil-stockpile-ceo-says/): Saudi Arabia and its oil giant Aramco are seeking to partner with other countries to expand their strategic stockpile as it sees oil demand increasing to 3 million barrels per day after the Iran war, CEO Amin Nasser told Al Arabiya Business TV on Thursday. Nasser has previously said Aramco's incident response is now more
- [Asia buys more LNG despite surging prices, El Nino clouds outlook: Russell](https://boereport.com/2026/10/22/asia-buys-more-lng-despite-surging-prices-el-nino-clouds-outlook-russell/): Asia's imports of liquefied natural gas are likely to rise to a three-month high in October despite the surge in spot prices to the most in almost four years. October arrivals in the top-importing region are estimated at 23.31 million metric tons, the strongest since July's 23.38 million, according to data compiled by commodity analysts
- [Oil climbs over $1 on more Houthi attacks in Saudi Arabia](https://boereport.com/2026/10/21/oil-climbs-over-1-on-more-houthi-attacks-in-saudi-arabia/): Oil prices rose more than $1 a barrel on Thursday after more Houthi attacks in Saudi Arabia stoked concerns over a broader escalation of conflict and further disruptions to supplies from the Middle East. Brent crude futures rose $1.93, or 1.77%, to $110.75 a barrel at 0442 GMT, while US West Texas Intermediate crude gained
- [Kinder Morgan to invest $4.7 billion in two gas pipeline projects as demand surges](https://boereport.com/2026/10/21/kinder-morgan-to-invest-4-7-billion-in-two-gas-pipeline-projects-as-demand-surges/): US pipeline operator Kinder Morgan said on Wednesday it has approved a total of $4.7 billion as its share of investments in two major natural gas pipeline joint ventures, citing rising demand from power plants, data centers and LNG exporters. The projects helped lift Kinder Morgan's natural-gas project backlog to a record level, underscoring the
- [From groceries to home loans, high oil prices permeate daily life ](https://boereport.com/2026/10/21/from-groceries-to-home-loans-high-oil-prices-permeate-daily-life/): The shock of oil prices at a five-month high of $110 a barrel and gas prices in Asia and Europe hitting their highest levels since December 2022 is making its mark on household budgets. As well as raising the costs of transport and heating, it adds to pressure on food, clothing and packaging prices and
- [Vermilion Energy Inc. Confirms Q3 2026 Release Date and Conference Call Details](https://boereport.com/2026/10/21/vermilion-energy-inc-confirms-q3-2026-release-date-and-conference-call-details/): CALGARY, AB, Oct. 21, 2026 /PRNewswire/ -- Vermilion Energy Inc. ("Vermilion", "We", "Our", or the "Company") (TSX: VET) (NYSE: VET) will release its 2026 third quarter operating and condensed financial results on Wednesday, November 4, 2026, before the open of North American markets. The unaudited interim financial statements and management discussion and analysis for the
- [Minister Hodgson promotes Canadian energy and mining in London](https://boereport.com/2026/10/21/minister-hodgson-promotes-canadian-energy-and-mining-in-london/): LONDON, Oct. 21, 2026 /CNW/ -- Canada has what the world wants. Our resources, expertise and institutions can support global energy security and affordability today while laying the foundation for a more prosperous, secure lower-carbon future. We have renewed ambition to engage with the world, diversify our trade and back our partnerships with investment that
- [Two killed after drone intercepted near Saudi Aramco's Shaybah oilfield](https://boereport.com/2026/10/21/two-killed-after-drone-intercepted-near-saudi-aramcos-shaybah-oilfield/): Two people were killed after Saudi air defences intercepted a drone that was attempting to hit a facility at Saudi Aramco's Shaybah oilfield on Wednesday, the energy ministry said. The incident comes amid an escalation of missile strikes by Yemen's Iran-aligned Houthis on the kingdom. The incident caused a fire in a vehicle outside the
- [Chevron to sharpen US Gulf focus with sale of older assets](https://boereport.com/2026/10/21/chevron-to-sharpen-us-gulf-focus-with-sale-of-older-assets/): Chevron is exploring the sale of some of its older oil and gas assets in the US Gulf, the company confirmed to Reuters, part of an effort to focus on high-growth developments in the region. The energy producer is in the early stages of a multi-month process that could see a number of assets offloaded,
- [Exxon shuts catalytic reformer at 275,000-bpd Joliet refinery, Wood Mackenzie says](https://boereport.com/2026/10/21/exxon-shuts-catalytic-reformer-at-275000-bpd-joliet-refinery-wood-mackenzie-says/): ExxonMobil has shut one of its catalytic reformers at its 275,000-barrel-per-day refinery in Joliet, Illinois, Wood Mackenzie said on Wednesday. The 50,000-bpd catalytic reformer was taken offline on October 20, according to Wood Mackenzie, noting that "decreased stack activity and elevated flaring began at that time." "We’re working to resolve an operational issue. The safety
- [Alberta votes in referendum to stay in Canada. A timeline on how we got here](https://boereport.com/2026/10/20/alberta-votes-in-referendum-to-stay-in-canada-a-timeline-on-how-we-got-here/): EDMONTON - Albertans voted overwhelmingly Monday to remain in Canada in a referendum, writing a new chapter in longstanding debate on relations with the rest of the nation. Here's a look at some key events: 1980 — The federal government ignites widespread alienation in Alberta with the National Energy Program, which keeps domestic oil prices
- [A shield, not a sword, for Saudi Arabia](https://boereport.com/2026/10/21/a-shield-not-a-sword-for-saudi-arabia/): By Andrew Mills Oct 21 - Iran is deliberately prolonging talks with Washington to weaken President Donald Trump before the November 3 midterm elections, senior Iranian officials told Reuters. They say Tehran is preparing for renewed US and Israeli strikes, not a deal. It is doing so as inflation hits 73.6% and seaborne oil exports
- [United Airlines sees elevated fuel costs through 2027, flags margin challenges](https://boereport.com/2026/10/21/united-airlines-sees-elevated-fuel-costs-through-2027-flags-margin-challenges/): United Airlines CEO Scott Kirby said on Wednesday the carrier expects fuel prices to remain elevated throughout 2027. Kirby said achieving United's goal of double-digit pretax margins next year would probably require lower fuel costs, slower industry capacity growth or airlines continuing to prioritize higher fares over fuller planes. The Iran war has disrupted oil
- [US crude and gasoline stocks fall, distillates rise, EIA says](https://boereport.com/2026/10/21/us-crude-and-gasoline-stocks-fall-distillates-rise-eia-says/): US crude and gasoline stocks fell last week, while distillate inventories rose, the US Energy Information Administration said on Wednesday. Crude inventories fell by 3.06 million barrels to 412.5 million barrels in the week ended October 16, the EIA said, compared with analysts' expectations in a Reuters poll for a 820,000-barrel draw. Crude stocks at
- [Indian Oil to trim Middle East oil imports under annual deals amid Iran war](https://boereport.com/2026/10/21/indian-oil-to-trim-middle-east-oil-imports-under-annual-deals-amid-iran-war/): Indian Oil Corp (IOC) plans to cut its Middle Eastern oil purchases under annual deals in 2027/28 as the Iran war has created uncertainty for supplies from the region, a source familiar with the matter said. Indian refiners traditionally relied on the Middle East for more than half of their annual crude supplies, particularly heavier,
- [Global diesel prices seen staying high despite Trump's deal with Russia](https://boereport.com/2026/10/21/global-diesel-prices-seen-staying-high-despite-trumps-deal-with-russia/): President Donald Trump's deal with Russia to supply diesel to US and global markets is unlikely to meaningfully lower diesel prices, market watchers and analysts said, noting that the promised volumes are too small to ease a global supply squeeze. Diesel prices have shot to record highs during the US-Israeli war on Iran, creating a
- [US aims to loan about a third of heating oil reserve in bid to tame prices](https://boereport.com/2026/10/21/us-aims-to-loan-about-a-third-of-heating-oil-reserve-in-bid-to-tame-prices/): The Trump administration is offering to loan up to nearly a third of the 1-million-barrel US emergency heating oil reserve, the Department of Energy said on Wednesday, in a bid to tame prices, which have surged on diesel shortages due to the wars in Iran and Ukraine. The move, reported first by Reuters, came after
- [Goldman says high freight costs pose upside risk to its Brent forecast](https://boereport.com/2026/10/20/goldman-says-high-freight-costs-pose-upside-risk-to-its-brent-forecast/): The global average crude freight rate remains seven times higher than a year ago and is unlikely to fall sharply while the Middle East conflict persists, posing some upside risk to Goldman Sachs' Brent price forecast, the bank said in a note dated Tuesday. * The global average crude freight rate surged above $20/bbl from
- [Saudi crude oil exports hit five-month high in August, data shows](https://boereport.com/2026/10/21/saudi-crude-oil-exports-hit-five-month-high-in-august-data-shows/): Saudi Arabian crude oil exports in August rose by about 7.9% from July to 4.451 million barrels per day, the highest level since March, data from the Joint Organizations Data Initiative showed on Wednesday. The exports rose even as oil production fell to a record low of 6.24 million bpd from 8.135 million bpd in
- [Ukraine's Zelenskiy says he supports ceasefire, trilateral talks with US, Russia](https://boereport.com/2026/10/21/ukraines-zelenskiy-says-he-supports-ceasefire-trilateral-talks-with-us-russia/): Ukrainian President Volodymyr Zelenskiy said he hoped for a positive outcome from US envoy Steve Witkoff's meeting in Russia on Wednesday and that he supports talks between the leaders of Kyiv, Washington and Moscow. Zelenskiy said in an interview with Fox News that his talks with Witkoff in Oslo a day earlier were productive and
- [China uses crude stockpiles, but rising oil imports may curtail draws: Russell](https://boereport.com/2026/10/20/china-uses-crude-stockpiles-but-rising-oil-imports-may-curtail-draws-russell/): China tapped its massive crude oil stockpiles for the fourth month in the past five in September as rising refinery processing rates outweighed a slight recovery in oil imports. However, the recent pattern of drawing on inventories may end in October, with crude imports poised to recover to the most since March, the last month
- [Suncor Energy to release third quarter 2026 financial results](https://boereport.com/2026/10/20/suncor-energy-to-release-third-quarter-2026-financial-results/): Calgary, Alberta--(Newsfile Corp. - October 20, 2026) - Suncor Energy (TSX: SU) (NYSE: SU) will release its third quarter financial results on November 3, 2026 before 6:00 p.m. ABT (7:00 p.m. ET). A webcast to review the third quarter will be held on November 4, 2026 at 8:30 a.m. ABT (9:30 a.m. ET). A question
- [Imperial to hold 2026 Third Quarter Earnings Call](https://boereport.com/2026/10/20/imperial-to-hold-2026-third-quarter-earnings-call/): CALGARY, Alberta--(BUSINESS WIRE)--(TSE: IMO, NYSE American: IMO) John Whelan, chairman, president and chief executive officer, and Peter Shaw, vice-president, investor relations, Imperial Oil Limited, will host a 2026 Third Quarter Earnings Call on Friday, October 30, following the company’s third quarter earnings release that morning. The event begins at 9 a.m. MT and will be
- [Phillips 66 locks out union workers at New Jersey refinery after contract expires](https://boereport.com/2026/10/20/phillips-66-locks-out-union-workers-at-new-jersey-refinery-after-contract-expires/): Phillips 66 has barred nearly 400 union workers from its Bayway refinery in Linden, New Jersey, after the collective bargaining agreement and an extension of the contract expired. The labor dispute at Bayway, the largest refinery on the U.S. East Coast, comes as gasoline and diesel prices remain elevated amid disruptions to global energy supplies
- [North Dakota oil companies speed up well completions as prices rise, state regulator says](https://boereport.com/2026/10/20/north-dakota-oil-companies-speed-up-well-completions-as-prices-rise-state-regulator-says/): US oil and gas companies are accelerating well completions and boosting production in North Dakota, the nation's third-largest oil-producing state, encouraged by high crude prices, state officials said on Tuesday. "Operators are acting more quickly to move wells to production to capitalize on elevated oil prices," Richard Suggs, a geologist with North Dakota's Oil and
- [New oil and gas jobs from BOE Report Jobs](https://boereport.com/2026/10/20/new-oil-and-gas-jobs-from-boe-report-jobs-505/): Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title
- [North Dakota oil production up 3,000 bpd in August vs July to 1,161,000 bpd - state regulator](https://boereport.com/2026/10/20/north-dakota-oil-production-up-3000-bpd-in-august-vs-july-to-1161000-bpd-state-regulator/): Oil production in North Dakota rose 3,000 barrels-per-day (bpd) to 1,161,000 bpd in August, monthly data from the state Industrial Commission showed. Bakken and Three Forks oil production stood at 1,133,000 bpd in the month. The data was released on the North Dakota Industrial Commission's general statistics webpage and has been rounded to the nearest
- [Saturn Oil & Gas Inc. Continues Strategic Core Area Expansion with Acquisition of 100% Light Oil-Weighted Corex Resources Ltd.](https://boereport.com/2026/10/19/saturn-oil-gas-inc-continues-strategic-core-area-expansion-with-acquisition-of-100-light-oil-weighted-corex-resources-ltd/): Acquisition adds ~7,000 bbl/d(1,5) of 100% light oil production, expanding Saturn's Southeast Saskatchewan core area into Manitoba and increasing our forecast 2026 exit production rate to 54,000 - 56,000 boe/d(1,6) Accretive $82.00/bbl(2)netbacks at current strip pricing, contributing to an estimated $192 million of run-rate net operating income (NOI)(2,5) Purchase price of $302 million represents 1.6x
- [Brent crude holds near five-month high on Middle East tension](https://boereport.com/2026/10/19/brent-crude-holds-near-five-month-high-on-middle-east-tension/): Oil prices advanced on Tuesday, with Brent hovering around a five-month high as traders priced in a geopolitical risk premium from Houthi attacks on Saudi infrastructure and reports of vessel attacks in the Gulf. Brent crude futures climbed 55 cents, or 0.50%, to $110.10 a barrel by 0319 GMT, after rising as high as $110.70
- [Oil majors face spending test from Iran war windfall cash](https://boereport.com/2026/10/20/oil-majors-face-spending-test-from-iran-war-windfall-cash/): Oil majors are set to post a big jump in third-quarter profit as the US-Israeli war on Iran has boosted refining and trading results, while investors will monitor how wisely they use their cash piles and whether they resist a spending spree. The severe disruption of the Strait of Hormuz since US-Israeli airstrikes began the
- [Asian refiners use smaller tankers, buy delivered crude as freight rates soar](https://boereport.com/2026/10/20/asian-refiners-use-smaller-tankers-buy-delivered-crude-as-freight-rates-soar/): Asian refiners are turning to options such as using smaller tankers and vessels on long-term charter, and buying Middle East crude on delivered basis to cut feedstock costs as freight rates hover near records, company officials said. Spot rates for oil tankers hit all-time highs in early October as Middle East producers ramped up exports
- [Iran prolongs talks in stalemate to influence US midterms, officials say](https://boereport.com/2026/10/20/iran-prolongs-talks-in-stalemate-to-influence-us-midterms-officials-say/): Iran has deliberately prolonged talks with the US to try to weaken Donald Trump politically ahead of November's US midterm elections, senior officials say, while fears of renewed military action and deep distrust of Washington have reinforced Tehran's reluctance to strike a quick deal to end the war. Three senior Iranian officials and an Iranian
- [Building a Sustainable Future: What It Means to Be Recognized as One of Canada’s Greenest Employers at Fluor](https://boereport.com/2026/10/21/building-a-sustainable-future-what-it-means-to-be-recognized-as-one-of-canadas-greenest-employers-at-fluor/): At Fluor Canada, creating a culture of environmental awareness in the workplace is an important part of our commitment to sustainability, and a significant pillar in our promise to aid in building a better world. Sustainability is not simply a goal we work toward, it is something we strive to embed into the everyday experiences
- [The $5K Well Test That Could Prevent an $80K Mistake](https://boereport.com/2026/10/20/the-5k-well-test-that-could-prevent-an-80k-mistake/): Every year, a familiar scenario plays out across Western Canada’s mature oilfields. Production on an older well begins declining. Nothing appears obviously broken, so paraffin, scale or other downhole buildup becomes a likely suspect. A chemical treatment is scheduled, the well is treated and production resumes. Except sometimes, the decline continues. The problem wasn’t the
- [Venezuela oilfield hiring picks up as first wave of investment builds](https://boereport.com/2026/10/19/venezuela-oilfield-hiring-picks-up-as-first-wave-of-investment-builds/): Oilfield service companies including Weatherford International, Baker Hughes, Halliburton and SLB are advertising dozens of jobs in Venezuela, according to company websites, an early sign that a Washington-backed plan to rebuild the country's energy industry is gaining traction. The hiring could help reverse a sanctions-era exodus of companies and professionals from the country and comes
- [Why an Alberta referendum? “Why should I sell your wheat?”, Greenpeace activist ministers, and other clues](https://boereport.com/2026/10/19/why-an-alberta-referendum-why-should-i-sell-your-wheat-greenpeace-activist-ministers-and-other-clues/): Hey Canada, how’s it going? I see y’all looking at Alberta these days. Totally understandable. It is a big deal when one province actually formally puts the separation question to its citizens. Or, asks them if they would like to take that next step. Maybe Quebec is used to the attention, but as a first
- [Ithaca may halt Britain investment without Rosebank approval, FT reports](https://boereport.com/2026/10/19/ithaca-may-halt-britain-investment-without-rosebank-approval-ft-reports/): Oil and gas producer Ithaca Energy will likely halt further investment in Britain if the government does not approve its Rosebank oilfield in the North Sea, chair Yaniv Friedman said in an interview with the Financial Times on Tuesday. * The company wants to invest further in the North Sea but needs the appropriate regulatory
- [Total Energy Services Inc. Plans to Repurchase Shares](https://boereport.com/2026/10/19/total-energy-services-inc-plans-to-repurchase-shares/): CALGARY, Alberta, Oct. 19, 2026 (GLOBE NEWSWIRE) -- Total Energy Services Inc. (TSX:TOT) (“Total Energy” or the “Company”) announced today that it has filed a Notice with the Toronto Stock Exchange (the “TSX”) to undertake a normal course issuer bid that will begin on October 21, 2026 and expire on October 20, 2027. Total Energy
- [Alberta is to vote on holding a separation referendum. A timeline on how we got here](https://boereport.com/2026/10/16/alberta-is-to-vote-on-holding-a-separation-referendum-a-timeline-on-how-we-got-here-2/): EDMONTON - Albertans vote Monday in a referendum asking whether they want the province to stay in Canada or to have a second, binding referendum on separating from Canada. Strains of western alienation go back decades. Here's a look at some key events: 1980 — The federal government ignites widespread alienation in Alberta with the
- [Expand Energy names Daniel Brown as CEO](https://boereport.com/2026/10/19/expand-energy-names-daniel-brown-as-ceo/): Natural gas producer Expand Energy said on Monday Daniel Brown would become president and chief executive officer from October 26, taking over from Michael Wichterich. Wichterich, who was serving as CEO since February, will return to his role as non-executive chairman of the board. * Brown joins Expand from Chord Energy, where he was the
- [Higher gas prices drove inflation up to 3.1% in September: StatCan](https://boereport.com/2026/10/19/higher-gas-prices-drove-inflation-up-to-3-1-in-september-statcan/): OTTAWA - Statistics Canada says the annual pace of inflation rose to 3.1 per cent in September as war in the Middle East continued to drive up gas prices. The agency says the acceleration was led by a 27.8 per cent spike in gasoline prices last month compared with a year earlier, despite the switch
- [Oil slips as Trump's sanction waiver may lead to more Russian fuel supplies](https://boereport.com/2026/10/18/oil-slips-as-trumps-sanction-waiver-may-lead-to-more-russian-fuel-supplies/): Oil prices slipped on Monday after US President Donald Trump waived sanctions and tariffs on Russia that may lead to more Russian fuel exports. Brent crude futures fell $1.43, or 1.30%, to $108.43 a barrel by 2340 GMT after settling at its highest since May 19 on Friday. US West Texas Intermediate crude was at
- [Asian refiners' pain is Middle East oil producers' problem: Bousso](https://boereport.com/2026/10/19/asian-refiners-pain-is-middle-east-oil-producers-problem-bousso/): Shipping costs near record highs are crushing Asian refining margins even as global fuel markets run short of supply. To keep Asian refiners buying, Middle Eastern exporters may have to absorb more of those costs themselves, squeezing the revenue they desperately need after months of war. In yet another sign of the extraordinary distortions rippling
- [Russian oil exports by Arctic route jump amid world freight crisis, data shows](https://boereport.com/2026/10/19/russian-oil-exports-by-arctic-route-jump-amid-world-freight-crisis-data-shows/): Russia's oil exports through its Northern Sea Route (NSR) in 2026 have already exceeded last year's by nearly 50%, with some 20 million barrels shipped to Asia from the start of navigation in July to mid-October, traders said and data showed. The NSR links Russia's western ports with Asian markets through icy Arctic waters and
- [Out of Hormuz Energy Shocks, the Ingredients for a Global Food Crisis](https://boereport.com/2026/10/19/out-of-hormuz-energy-shocks-the-ingredients-for-a-global-food-crisis/): High costs and shortages of fertilizer and fuel - combined with the looming effects of El NiÑo - are becoming a threat to global food security, S&P Global Analysis says NEW YORK, Oct. 19, 2026 /PRNewswire/ -- Beyond the more well-documented impacts from the disruption of transit through the Strait of Hormuz lies the beginnings
- [Chord Energy Announces Leadership Transition](https://boereport.com/2026/10/19/chord-energy-announces-leadership-transition/): Michael Lou Appointed President & Chief Executive Officer HOUSTON, Oct. 19, 2026 /PRNewswire/ -- Chord Energy Corporation (NASDAQ: CHRD) ("Chord," "Chord Energy," or the "Company") today announced that Michael Lou has been appointed President & Chief Executive Officer, effective today. Additionally, Mr. Lou has been appointed and elected to the Chord Energy Board of
- [Corex announces agreement to be acquired by Saturn Oil & Gas Inc.](https://boereport.com/2026/10/19/corex-announces-agreement-to-be-acquired-by-saturn-oil-gas-inc/): CALGARY, AB, Oct. 19, 2026 /CNW/ -- Corex Resources Ltd. ("Corex" or the "Company") announces that it has entered into an arrangement agreement (the "Arrangement Agreement") providing for the acquisition by Saturn Oil & Gas Inc. ("Saturn") of all of the issued and outstanding common shares of Corex ("Corex Shares") for consideration paid to Corex
- [Venezuela expects nearly $76 billion in oil investment over five years, acting president says](https://boereport.com/2026/10/17/venezuela-expects-nearly-76-billion-in-oil-investment-over-five-years-acting-president-says/): Venezuela expects nearly $76 billion in oil investment over the next five years under recently signed agreements, acting President Delcy Rodriguez said on Saturday, adding that a bilateral accord with the US includes plans to drill 250 rigs. Since the January ouster of President Nicolas Maduro, the country has been reopening its energy sector to
- [Trump waives many Russia-related sanctions, tariffs before they were to take effect under new law](https://boereport.com/2026/10/17/trump-waives-many-russia-related-sanctions-tariffs-before-they-were-to-take-effect-under-new-law/): (Updates throughout with quote from order, background) By Kanishka Singh and Jasper Ward WASHINGTON, Oct 16 - US President Donald Trump said on Friday that he is waiving many sanctions, restrictions and duties days before they were to take effect under a bill that he signed into law last month. Trump's executive order comes as
- [Iran's Guards say two tankers hit mines in Strait of Hormuz](https://boereport.com/2026/10/17/irans-guards-say-two-tankers-hit-mines-in-strait-of-hormuz/): Iran's Revolutionary Guards Navy said on Saturday that two oil tankers had caught fire after hitting naval mines while crossing the Strait of Hormuz, the official Iranian news agency IRNA reported. State media said both tankers were carrying about 2 million barrels of crude oil. There was no independent confirmation of the reports. IRNA reported
- [Discount on Western Canada Select widens again](https://boereport.com/2026/10/16/discount-on-western-canada-select-widens-again-5/): The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened again on Friday. WCS for November delivery in Hardisty, Alberta, settled at $27 a barrel below the US benchmark WTI, compared with $26.40 on Thursday, according to brokerage CalRock. The discount is now more than $15 wider than
- [Peyto Exploration & Development Corp. Confirms Monthly Dividend for November 13, 2026](https://boereport.com/2026/10/15/peyto-exploration-development-corp-confirms-monthly-dividend-for-november-13-2026/): CALGARY, Alberta, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto") confirms that the monthly dividend with respect to October 2026 of $0.12 per common share is to be paid on November 13, 2026, for shareholders of record on October 31, 2026. Dividends paid by Peyto to Canadian residents are
- [Saturn Oil & Gas Inc. Announces Release Date for Q3 2026 Results and Provides Conference Call / Webcast Details](https://boereport.com/2026/10/16/saturn-oil-gas-inc-announces-release-date-for-q3-2026-results-and-provides-conference-call-webcast-details/): Calgary, Alberta--(Newsfile Corp. - October 16, 2026) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) ("Saturn" or the "Company"), a light oil-weighted producer focused on unlocking value through the development of our assets in Saskatchewan and Alberta, confirms that the Company intends to report our Q3 2026 financial results on Wednesday, November 4,
- [US solicits exchange of up to 17 million barrels of oil from strategic reserve](https://boereport.com/2026/10/16/us-solicits-exchange-of-up-to-17-million-barrels-of-oil-from-strategic-reserve/): The United States has issued a request for proposal for an exchange of up to 17 million barrels of crude oil from the nation's Strategic Petroleum Reserve, the Department of Energy said on Friday. The exchange would be part of a global deal the US struck in Marchto try to control fuel prices impacted by
- [Dmitriev says Russian wealth fund will work with US on payment for diesel deal](https://boereport.com/2026/10/16/dmitriev-says-russian-wealth-fund-will-work-with-us-on-payment-for-diesel-deal/): The US Treasury has asked Russia's sovereign wealth fund to help solve payment issues relating to a deal between presidents Donald Trump and Vladimir Putin on the sale of Russian diesel, Putin's investment envoy Kirill Dmitriev said on Friday. Dmitriev said the Treasury had requested the Russian Direct Investment Fund, which he heads, to "facilitate
- [Zelenskiy warns against normalising deals with Russia after Trump's diesel accord](https://boereport.com/2026/10/16/zelenskiy-warns-against-normalising-deals-with-russia-after-trumps-diesel-accord/): Ukraine's President Volodymyr Zelenskiy warned the world of looming risks from the diesel deal struck by President Donald Trump with Russia, saying it paves the way for further sanctions relief for an aggressor that shows no desire to end its war. Ukrainians struggling with a fifth year of Russian attacks on their power grid and
- [US energy stocks gain as oil tops $100 on supply fears](https://boereport.com/2026/10/16/us-energy-stocks-gain-as-oil-tops-100-on-supply-fears/): ** S&P 500 energy index up 1.8%, tracking higher oil prices ** Brent crude futures up 2.9% at $109.02 a barrel, after hitting its highest since September 14 ** US West Texas Intermediate crude rise 2.6% to $100.52 a barrel, crossing $100 for the first time since September 21 ** Prices gainmore than 3%, heading
- [US energy firms left the rig count unchanged this week, Baker Hughes says](https://boereport.com/2026/10/16/us-energy-firms-left-the-rig-count-unchanged-this-week-baker-hughes-says/): US energy firms left the rig count unchanged this week with oil rigs down and natural gas and miscellaneous rigs up, energy services firm Baker Hughes said in its closely followed report on Friday. The total oil and gas rig count, an early indicator of future output, held steady at 603 in the week to
- [Shell receives exemptive relief from Canadian securities regulatory authorities regarding future Canadian filings](https://boereport.com/2026/10/16/shell-receives-exemptive-relief-from-canadian-securities-regulatory-authorities-regarding-future-canadian-filings/): CALGARY, AB, Oct. 16, 2026 /CNW/ -- Shell plc ("Shell" or the "Company") announced today that it has received exemptive relief from the applicable Canadian securities regulatory authorities regarding future filing requirements. Shell became a reporting issuer for Canadian securities law purposes by virtue of the acquisition of ARC Resources Ltd. in September 2026, which made
- [Oil's long view darkens as Iran war refuses to end: Bousso](https://boereport.com/2026/10/15/oils-long-view-darkens-as-iran-war-refuses-to-end-bousso/): Oil markets initially treated the Iran war as a brief bullish disruption in a long-term bearish trend. But traders are now betting that oil prices will remain elevated through 2028, forcing a rethink of the global inflation outlook. Eight months into the war, the buffers that helped absorb the initial energy shock – most notably
- [Oil heads for weekly gain with Mideast supply risks](https://boereport.com/2026/10/15/oil-heads-for-weekly-gain-with-mideast-supply-risks/): Oil prices eased on Friday but were heading for weekly gains on the uncertainty over Middle East supplies and a larger-than-expected crude stocks draw in the United States. Brent crude futures fell 71 cents, or 0.67%, to $105.21 a barrel by 0352 GMT, while US West Texas Intermediate crude futures were down 77 cents, or
- [ExxonMobil signals $4.5 billion refining earnings boost as margins soar](https://boereport.com/2026/10/16/exxonmobil-signals-4-5-billion-refining-earnings-boost-as-margins-soar/): ExxonMobil signaled on Friday that higher refining margins during the third quarter could boost its downstream profit by $4.5 billion compared with the previous three months. Refining margins have soared due to the ongoing Iran war, which has restricted energy exports through the Strait of Hormuz, as well as Ukrainian attacks on Russian refineries. The
- [Prospera Energy Restarts Five Additional Luseland Wells at $6,400 per Flowing Barrel; First Ten Reactivations Return 1.92x Capital](https://boereport.com/2026/10/15/prospera-energy-restarts-five-additional-luseland-wells-at-6400-per-flowing-barrel-first-ten-reactivations-return-1-92x-capital/): Calgary, Alberta--(Newsfile Corp. - October 16, 2026) - Prospera Energy Inc. (TSXV: PEI) (OTC Pink: GXRFF) ("Prospera", "PEI", the "Corporation", or the "Company") has completed workovers on five heavy oil wells at Luseland, Saskatchewan. The service rig worked through all five wells between September 21st and October 10th, 2026, at a combined cost of $247.2K
- [Freehold Royalties Declares Dividend for October 2026](https://boereport.com/2026/10/15/freehold-royalties-declares-dividend-for-october-2026/): CALGARY, Alberta, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold) (TSX: FRU) announces that its Board of Directors has declared a dividend of Cdn. $0.09 per common share to be paid on November 16, 2026 to shareholders of record on October 30, 2026. These dividends are designated as “eligible dividends” for Canadian income
- [Discount on Western Canada Select widens again](https://boereport.com/2026/10/15/discount-on-western-canada-select-widens-again-4/): The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened again on Thursday. WCS for November delivery in Hardisty, Alberta, settled at $26.40 a barrel below the US benchmark WTI, compared with $25.55 on Wednesday, according to brokerage CalRock. The discount is now more than $15 wider than
- [Whitecap Resources Inc. confirms monthly dividend for October of $0.0608 per share and announces third quarter 2026 results conference call / webcast](https://boereport.com/2026/10/15/whitecap-resources-inc-confirms-monthly-dividend-for-october-of-0-0608-per-share-and-announces-third-quarter-2026-results-conference-call-webcast/): CALGARY, AB, Oct. 15, 2026 /CNW/ -- Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.0608 per common share in respect of October operations will be paid on November 16, 2026 to shareholders of record on October 31, 2026. This dividend is an eligible dividend for the purposes of the Income
- [US plan to ease shadow fleet sanctions unlikely to free up many tankers, analysts say](https://boereport.com/2026/10/15/us-plan-to-ease-shadow-fleet-sanctions-unlikely-to-free-up-many-tankers-analysts-say/): A potential Trump administration plan to ease sanctions on vessels that have transported sanctioned oil and fuel would likely have limited impact on boosting tanker availability, traders and analysts said on Thursday. Shadow fleet ships still face sanctions from other countries and lack the certification, insurance and maintenance needed to enter mainstream trade. The discussions
- [Saudi-led coalition says Houthis attempted to attack dozens of Saudi facilities](https://boereport.com/2026/10/15/saudi-led-coalition-says-houthis-attempted-to-attack-dozens-of-saudi-facilities/): The Saudi-led military coalition in Yemen said on Thursday that the country's Houthis had attempted to attack dozens of Saudi airports, ports and oil facilities, as fighting between the Iran-aligned group and Saudi Arabia intensified. The Houthis have been firing ballistic missiles and drones at key Saudi sites for a week, in response to the
- [How Aramco learned to keep pumping oil under fire](https://boereport.com/2026/10/15/how-aramco-learned-to-keep-pumping-oil-under-fire/): When attack drones struck Saudi Aramco's biggest oil pipeline last month, satellite images showed one of its pumping stations burnt to ashes. By the next day, scores of bulldozers were already building a new pipeline. Within days pumping resumed. The speed of the recovery illustrates how the world's biggest oil producer has transformed its ability
- [How the Houthis are helping Iran turn Saudi Arabia into a pressure point](https://boereport.com/2026/10/15/how-the-houthis-are-helping-iran-turn-saudi-arabia-into-a-pressure-point/): The Houthi attacks on Saudi Arabia are about more than Yemen. By targeting infrastructure and disrupting investment events central to Saudi Arabia's economic ambitions, they aim to pressure Saudi Crown Prince Mohammed bin Salman to both meet Houthi demands in Yemen and persuade US President Donald Trump to ease the US blockade choking Iran's economy,
- [How are Yemen’s Houthis attacking Saudi Arabia so effectively?](https://boereport.com/2026/10/15/how-are-yemens-houthis-attacking-saudi-arabia-so-effectively/): Houthi militants who control northwestern Yemen have in the past week attacked Riyadh international airport and hit the headquarters of Saudi Aramco, the world's largest oil company, in air assaults that have laid bare Saudi Arabia's vulnerability to threats from its enemy next door. The attacks are shattering the illusion of Saudi Arabia as a
- [US tells IEA nations it is unhappy with emergency oil release, Bloomberg News reports](https://boereport.com/2026/10/15/us-tells-iea-nations-it-is-unhappy-with-emergency-oil-release-bloomberg-news-reports/): The United States told fellow member nations of the International Energy Agency that current plans to release emergency oil inventories don’t go far enough to quell rising fuel prices, Bloomberg News reported on Thursday, citing people familiar with the matter. While US officials attending an IEA gathering in Paris have yet to table a proposal
- [ IEA to speed up oil stocks release including over 20 million barrels of diesel](https://boereport.com/2026/10/15/iea-to-speed-up-oil-stocks-release-including-over-20-million-barrels-of-diesel/): The International Energy Agency on Thursday agreed to release over 20 million barrels of diesel to the market as soon as possible and any oil remaining from a record emergency reserves release pledged in March to help supply and cool soaring prices. US President Donald Trump has pressed European Union countries to draw down reserves
- [US crude stocks fall on hurricane production shut-ins; distillate inventories fall, EIA says](https://boereport.com/2026/10/15/us-crude-stocks-fall-on-hurricane-production-shut-ins-distillate-inventories-fall-eia-says/): US crude stocks and distillate inventories fell while gasoline inventories rose last week, the Energy Information Administration said on Thursday. Crude inventories fell by 8.6 million barrels to 415.6 million barrels in the week ended October 9, the EIA said, compared with analysts' expectations in a Reuters poll for a 288,000-barrel draw. "This is definitely
- ['Hardly surprising' many Alberta business leaders staying mum on separation: expert](https://boereport.com/2026/10/15/hardly-surprising-many-alberta-business-leaders-staying-mum-on-separation-expert/): CALGARY - The silence from many Alberta business leaders on the upcoming provincial referendum comes as no surprise to one corporate governance expert. Monday's vote includes 10 questions: one on whether Alberta should remain in Canada or move toward a binding separation referendum; five on immigration and four on constitutional matters. Business advocacy groups have
- [ATB Cormark Capital Markets Survey Finds Canadian Energy Sector Shifting Toward Growth](https://boereport.com/2026/10/14/atb-cormark-capital-markets-survey-finds-canadian-energy-sector-shifting-toward-growth/): 96% of exploration and production companies expect to increase production over the next year, while 90% of energy services respondents anticipate higher activity in 2027. 76% of institutional investors have become more bullish on energy over the past six months, and 63% expect Canadian energy equities to outperform the broader market over the next year.
- [Bessent calls for World Bank reforms, including upstream oil and gas financing](https://boereport.com/2026/10/14/bessent-calls-for-world-bank-reforms-including-upstream-oil-and-gas-financing/): US Treasury Secretary Scott Bessent issued a long list of demands for the World Bank in line with Trump administration interests, including ending the bank's prohibition on financing upstream oil and gas projects, putting resources into deep-sea critical minerals mining and reforming its procurement policies. Bessent, in a statement issued late on Wednesday to the
- [US considers easing sanctions on shadow fleet vessels to cut freight rates, official says](https://boereport.com/2026/10/14/us-considers-easing-sanctions-on-shadow-fleet-vessels-to-cut-freight-rates-official-says/): The Trump administration is considering easing sanctions on so-called shadow fleet vessels that have transported oil and petroleum products from countries including Russia, Iran and Venezuela, in an effort to reduce record-high global freight rates, a US official said on Wednesday. The discussions are happening days after President Donald Trump temporarily lifted sanctions on Russian
- [Iran's army says oil tanker on fire in the Strait of Hormuz](https://boereport.com/2026/10/15/irans-army-says-oil-tanker-on-fire-in-the-strait-of-hormuz/): Iran's army said on Thursday that a "violating" oil tanker is on fire in the eastern part of the Strait of Hormuz, according to a statement carried by state media. "This rogue tanker, having disabled its tracking systems, was attempting to pass through the restricted area in the Gulf of Oman", the army statement added.
- [Zelenskiy says Ukraine will resume strikes on Russian refineries, FT reports](https://boereport.com/2026/10/15/zelenskiy-says-ukraine-will-resume-strikes-on-russian-refineries-ft-reports/): Ukraine will resume strikes on Russian refineries, Ukrainian President Volodymyr Zelenskiy told the Financial Times in an interview published on Thursday. “The block (on attacking refineries) is out. We’re done,” Zelenskiy told the newspaper. He was critical of Washington’s eagerness to strike business deals with Moscow and US President Donald Trump’s apparent admiration for Russia’s
- [Prolonged war, renewed disruptions pose biggest risk to Middle East region, IMF says](https://boereport.com/2026/10/15/prolonged-war-renewed-disruptions-pose-biggest-risk-to-middle-east-region-imf-says/): Prolonged war in the Middle East and further disruptions to energy production, shipping routes or critical infrastructure pose the biggest risk to economies in the Middle East and Central Asia, the International Monetary Fund said on Thursday. Jihad Azour, the IMF's director for the Middle East and Central Asia, told reporters the war was imposing
- [Iran’s precision strikes picked apart Gulf infrastructure, blunting US war plans](https://boereport.com/2026/10/15/irans-precision-strikes-picked-apart-gulf-infrastructure-blunting-us-war-plans/): Iran and its proxies have carried out dozens of pinpoint strikes on infrastructure in the Gulf since the start of the war, systematically disabling critical equipment and causing cascading failures and economic damage region-wide in a deft campaign that helps explain how the Islamic Republic has held its own against the more powerful US military.
- [Kremlin accuses Ukraine of flouting spirit of US peace efforts with strikes on Russian oil refineries](https://boereport.com/2026/10/15/kremlin-accuses-ukraine-of-flouting-spirit-of-us-peace-efforts-with-strikes-on-russian-oil-refineries/): The Kremlin on Thursday said that Ukrainian strikes on Russian oil refineries ran counter to US peace efforts, after a Ukrainian drone struck a refinery in Russia's Ryazan region overnight. US President Trump declared an energy ceasefire on Sunday, something Ukraine said it had first learnt about from media reports and which Russia did not
- [Kremlin says Russia restarts diesel exports after deal with Trump](https://boereport.com/2026/10/15/kremlin-says-russia-restarts-diesel-exports-after-deal-with-trump/): The Kremlin said on Thursday that Russian diesel had begun to reach global markets following an agreement with US President Donald Trump. Trump said last week that Russia had agreed to supply diesel to global markets in an effort to lower fuel prices, while Moscow partially lifted its ban on diesel exports from October 10
- [Oil shipping costs spike, lifting prices from pump to grocery](https://boereport.com/2026/10/15/oil-shipping-costs-spike-lifting-prices-from-pump-to-grocery/): When the oil supertanker Esteem Explorer sails from the United States to Japan in late November, loaded with about 2 million barrels of crude, the journey will cost $81 million. The same journey would have cost $9.1 million last year, on average. The shipping cost translates into $40.50 per barrel, about nine times last year's
- [Source Rock Royalties declares monthly dividend](https://boereport.com/2026/10/15/source-rock-royalties-declares-monthly-dividend-28/): Not for distribution to U.S. news wire services or dissemination in the U.S. CALGARY, AB, Oct. 15, 2026 /CNW/ -- Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties and Crown mineral leases, announces that its board of directors has declared
- [Surge Energy Inc. confirms November 2026 dividend](https://boereport.com/2026/10/15/surge-energy-inc-confirms-november-2026-dividend/): CALGARY, AB, Oct. 15, 2026 /CNW/ -- Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on November 16, 2026, in respect of October 2026 production, for the shareholders of record on October 31, 2026, will be $0.043333 per share. The dividend is an eligible dividend
- [Discount on Western Canada Select widens slightly](https://boereport.com/2026/10/14/discount-on-western-canada-select-widens-slightly-2/): The discount on Western Canada Select, WCS, crude oil to North American benchmark West Texas Intermediate futures widened slightly on Wednesday. WCS for November delivery in Hardisty, Alberta, settled at $25.55 a barrel below the US benchmark WTI, compared with $25.50 on Tuesday, according to brokerage CalRock. The discount remains more than $10 wider than
- [ROK Resources Announces Return of Capital and Expanded 2026 Drilling Program](https://boereport.com/2026/10/14/rok-resources-announces-return-of-capital-and-expanded-2026-drilling-program/): NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES REGINA, SK / ACCESS Newswire / October 14, 2026 / ROK Resources Inc. ("ROK" or the "Company") (TSXV:ROK)(OTCQB:ROKRF) is pleased to provide an update on 2026 operations and an expanded Q4 2026 capital program, following the sale of two non-core assets.
- [Alberta Energy Regulator Issues Suspension Order to Sumerian Oil & Gas Inc.](https://boereport.com/2026/10/14/alberta-energy-regulator-issues-suspension-order-to-sumerian-oil-gas-inc/): Announcement - October 14, 2026 Alberta Energy Regulator Issues Suspension Order to Sumerian Oil & Gas Inc. The Alberta Energy Regulator (the AER) issued a suspension order on October 5, 2026, to Sumerian Oil & Gas Inc. (Sumerian) based on a failure to comply with requirements related to reasonable care and measures of Sumerian’s sites
- [Yellowhead Pipeline: Joint Statement](https://boereport.com/2026/10/14/yellowhead-pipeline-joint-statement/): Oct 13, 2026 Premier Danielle Smith and Minister of Energy and Minerals Brian Jean issued the following statement on the groundbreaking of the Yellowhead Pipeline: “Today’s groundbreaking marks an important milestone for the Yellowhead Pipeline and another step toward securing Alberta’s economic prosperity and energy future. “This $2.9-billion project will add more than one billion
- [Trump says massive oil, gas exploration set to begin in 'our Greenland'](https://boereport.com/2026/10/14/trump-says-massive-oil-gas-exploration-set-to-begin-in-our-greenland/): US President Donald Trump said on Wednesday that "massive oil, gas and mineral exploration"was set to begin on Greenland, a contentious statement on a territory that has resisted his efforts to control it and has banned new drilling for crude. Trump described the Danish Arctic island which is run by a semi-autonomous government as "our
- [Canadian Utilities breaks ground on the Yellowhead Pipeline](https://boereport.com/2026/10/13/canadian-utilities-breaks-ground-on-the-yellowhead-pipeline/): Largest project in company's history will power Alberta's future, strengthen economic growth and support thousands of jobs CALGARY, AB, Oct. 13, 2026 /CNW/ -- Canadian Utilities Limited (TSX: CU) Canadian Utilities leadership gathered with government officials, Indigenous leaders and industry representatives today to celebrate the groundbreaking of the Yellowhead Pipeline, a major infrastructure project
- [Record oil tanker rates put pressure on Asian refiners, IEA says](https://boereport.com/2026/10/14/record-oil-tanker-rates-put-pressure-on-asian-refiners-iea-says/): The jump to record highs in the cost of shipping oil in supertankers is squeezing profit margins for Asian oil refiners, who are heavily dependent on Middle Eastern crude, the International Energy Agency said in a monthly report. * Asian oil refiners have faced the highest transportation costs as cargoes are moved through the Strait
- [TC Energy announces Indigenous investment in Coastal GasLink](https://boereport.com/2026/10/13/tc-energy-announces-indigenous-investment-in-coastal-gaslink/): British Columbia First Nations to share in the long-term economic benefits from Canadian energy infrastructure CALGARY, Alberta, Oct. 13, 2026 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced the closing of an agreement with FN CGL Pipeline Limited Partnership, an Indigenous-led investment entity representing five First Nations
- [Container ship sinks near Hormuz after being hit by projectile, sources say](https://boereport.com/2026/10/14/container-ship-sinks-near-hormuz-after-being-hit-by-projectile-sources-say/): A container ship has sunk near the Strait of Hormuz after being hit by a projectile, while a separate dry bulk carrier damaged in an earlier attack is also reported to be sinking, maritime security sources said on Wednesday. The Singapore-flagged GFS Pride container ship, with a small 2,824 TEU (20-ft equivalent unit) capacity, had
- [EU Commission foresees "very, very difficult winter" for energy prices](https://boereport.com/2026/10/14/eu-commission-foresees-very-very-difficult-winter-for-energy-prices/): The European Commission foresees a "very, very difficult winter" regarding higher energy prices, spokesperson Anna-Kaisa Itkonen said on Wednesday. She added there is an "affordability" crisis and that the situation is very volatile and very unpredictable. (Reporting by Inti Landauro, Editing by Charlotte Van Campenhout)
- [Diesel shortages could persist well into 2027, IEA says](https://boereport.com/2026/10/14/diesel-shortages-could-persist-well-into-2027-iea-says/): Constrained diesel supplies could persist well into next year as large counter-seasonal stock drawdowns have combined with restricted production ahead of the peak winter demand season, the International Energy Agency said in its latest monthly oil market report. Diesel refining margins, the fuel's premium to underlying crude oil, soared to record highs of almost $95
- [Oil prices climb as Iran deploys new tactics to target ships transiting Hormuz](https://boereport.com/2026/10/14/oil-prices-climb-as-iran-deploys-new-tactics-to-target-ships-transiting-hormuz/): Oil prices climbed on Wednesday after two vessels were struck in the Strait of Hormuz and Iranian officials told Reuters they were deploying new tactics to target ships, as Tehran seeks to keep oil prices high and influence the US midterm elections. Brent crude futures rose 63 cents, or 0.6%, to $106.32 a barrel by
- [Diesel deal opens way for more Russia-US cooperation,  Kremlin envoy says](https://boereport.com/2026/10/14/diesel-deal-opens-way-for-more-russia-us-cooperation-kremlin-envoy-says/): A Russia-US deal on supplies of Russian diesel can pave the way for further economic cooperation between the two countries, Kremlin envoy Kirill Dmitriev said on Wednesday, adding that Moscow would overcome any sanctions-related difficulties to ensure the fuel was delivered. US President Donald Trump said last Friday that he and Russian counterpart Vladimir Putin
- [Yemen's Houthis vow more attacks on Saudi airports, oil facilities after Aramco HQ hit](https://boereport.com/2026/10/14/yemens-houthis-vow-more-attacks-on-saudi-airports-oil-facilities-after-aramco-hq-hit/): Yemen's Houthis vowed on Wednesday to press on with attacks on airports and oil facilities in Saudi Arabia and said they struck the headquarters of oil giant Saudi Aramco, which was hit the day before. The Iran-aligned group said it had launched ballistic missiles, cruise missiles and drones at Saudi Aramco facilities in the eastern
- [Saudi Aramco headquarters suffered extensive damage in Houthi attack, sources say](https://boereport.com/2026/10/14/saudi-aramco-headquarters-suffered-extensive-damage-in-houthi-attack-sources-say/): Oil giant Saudi Aramco's headquarters in Dhahran suffered extensive damage in an attack on Tuesday, with a fire spreading across several floors, three people with direct knowledge of the matter told Reuters. Operations at the complex in eastern Saudi Arabia have continued normally but some employees have been asked to work from home, according to
- [Gibson Energy Confirms 2026 Third Quarter Earnings Release Date and Provides Conference Call & Webcast Details](https://boereport.com/2026/10/13/gibson-energy-confirms-2026-third-quarter-earnings-release-date-and-provides-conference-call-webcast-details/): CALGARY, Alberta, Oct. 13, 2026 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (TSX:GEI) (“Gibson” or the “Company”) announced today that it expects to release its 2026 third quarter financial and operating results on Monday, November 2, 2026, after the close of North American markets. The 2026 third quarter management's discussion and analysis and unaudited consolidated financial
- [Iran shifting tactics to step up attacks on shipping before US vote, officials say](https://boereport.com/2026/10/13/iran-shifting-tactics-to-step-up-attacks-on-shipping-before-us-vote-officials-say/): Iran is deploying new tactics to target ships sailing through the Strait of Hormuz as it seeks to keep oil prices high and influence the US midterm elections, two senior Iranian officials told Reuters. Tehran has tried to exert control over the Strait of Hormuz since the US and Israel launched strikes against Iran on
- [Discount on Western Canada Select largely steady](https://boereport.com/2026/10/13/discount-on-western-canada-select-largely-steady/): The discount on Western Canada Select (WCS) crude oil to North American benchmark West Texas Intermediate futures held largely steady on Tuesday. WCS for November delivery in Hardisty, Alberta, settled at $25.50 a barrel below the US benchmark WTI, according to brokerage CalRock, compared with $25.55 on Friday. The discount remains more than $10 wider
- [Trump says Taiwan agrees to buy 30% of gas from Alaska pipeline](https://boereport.com/2026/10/13/trump-says-taiwan-agrees-to-buy-30-of-gas-from-alaska-pipeline/): Taiwan has agreed to buy 30% of the gas from a pipeline project in Alaska, US President Donald Trump told a rally in the state on Tuesday. The terms of the deal were not immediately clear. Last year, Taiwanese state energy firm CPC Corp signed an agreement with Alaska Gasline Development Corp to buy liquefied
- [Cardinal Energy Ltd. Announces Monthly Dividend for October](https://boereport.com/2026/10/13/cardinal-energy-ltd-announces-monthly-dividend-for-october-5/): Calgary, Alberta--(Newsfile Corp. - October 13, 2026) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our October dividend of $0.06 per common share will be paid on November 16, 2026 to shareholders of record on October 30, 2026. The Board of Directors of Cardinal has declared the dividend payable in cash.
- [Guyana may scale back LNG plans as Exxon needs more gas for its wells, sources say](https://boereport.com/2026/10/13/guyana-may-scale-back-lng-plans-as-exxon-needs-more-gas-for-its-wells-sources-say/): ExxonMobil has told Guyana it will need more offshore gas to maximize oil production than the government had expected, potentially leaving less for liquefied natural gas production and exports, two people close to the talks said. Guyanese officials are now weighing whether to shrink a planned LNG project or skip exports altogether and use the
- [Enbridge seeks support for Texas-Louisiana gas pipeline expansion](https://boereport.com/2026/10/13/enbridge-seeks-support-for-texas-louisiana-gas-pipeline-expansion/): Enbridge's Texas Eastern Transmission said it is seeking customer interest for its proposed Katy to Gillis Expansion Project, a natural gas transportation project that could provide up to 2 billion cubic feet per day of capacity. * The project is designed to move natural gas from the Katy Hub in Texas to growing demand markets
- [New oil and gas jobs from BOE Report Jobs](https://boereport.com/2026/10/13/new-oil-and-gas-jobs-from-boe-report-jobs-504/): Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title
- [Enerflex Announces Major Project Award and Increases Behind-the-Meter Power Generation Backlog to Over 1.75 Gigawatts](https://boereport.com/2026/10/13/enerflex-announces-major-project-award-and-increases-behind-the-meter-power-generation-backlog-to-over-1-75-gigawatts/): CALGARY, Alberta, Oct. 13, 2026 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) today announces the award of a major Engineered Systems (“ES”) project. The Company has been contracted to design, engineer, fabricate, and assemble over one gigawatt of low emission behind-the-meter natural gas-fired power generation units for a large-scale
- [10-year Treasury yield at 5.9% would spark shift to bonds from stocks: BofA investor survey](https://boereport.com/2026/10/13/10-year-treasury-yield-at-5-9-would-spark-shift-to-bonds-from-stocks-bofa-investor-survey/): The US 10-year Treasury yield would need to climb to nearly 6% before bonds become compelling enough for investors to draw money away from stocks, highlighting the resilience of equity markets even as borrowing costs jump, Bank of America's latest Global Fund Manager survey found. The survey, carried out between October 2 to 8, found
- [Oilpatch convinced Pacific Link will go ahead, but less certain of timing: survey](https://boereport.com/2026/10/09/oilpatch-convinced-pacific-link-will-go-ahead-but-less-certain-of-timing-survey/): CALGARY - A survey published this week by ATB Cormark suggests more than three quarters of oilpatch companies are convinced the Pacific Link pipeline to British Columbia and the Pathways carbon storage project will go ahead. But they're much less certain about when shovels will hit the ground. The investment firm surveyed 22 energy services
- [TC Energy completes Indigenous investment deal in Coastal GasLink](https://boereport.com/2026/10/13/tc-energy-completes-indigenous-investment-deal-in-coastal-gaslink/): CALGARY - TC Energy Corp. says it has completed an investment deal that gives five First Nations an economic interest in the Coastal GasLink pipeline. Financial terms of the deal were not immediately available. Under the agreement with the FN CGL Pipeline Limited Partnership, the Haisla Nation, Halfway River First Nation, McLeod Lake Indian Band,
- [Japan cabinet backs plan to help oil importers pay for higher transport costs](https://boereport.com/2026/10/12/japan-cabinet-backs-plan-to-help-oil-importers-pay-for-higher-transport-costs/): Japan's cabinet approved three bills on Tuesday to strengthen energy supply security, including measures to offset higher costs of importing crude oil through routes that bypass the Strait of Hormuz, Industry Minister Ryosei Akazawa said. The government plans to submit the bills to parliament during the current extraordinary Diet session. * "Through these three bills,
- [BP flags $3-4.5 billion in impairments for third quarter](https://boereport.com/2026/10/13/bp-flags-3-4-5-billion-in-impairments-for-third-quarter/): BP expects to report $3 billion to $4.5 billion of impairments in its third quarter results, relating to its gas and low-carbon energy segment, the oil major said on Tuesday. This is the second time in a year that the British firm has booked large write-downs in its low-carbon business, previously flagging $4 billion to
- [Trump's oil jawboning loses punch as wars spiral: Bousso](https://boereport.com/2026/10/13/trumps-oil-jawboning-loses-punch-as-wars-spiral-bousso/): US President Donald Trump's trademark ability to talk down oil markets with a few words is fading as the Iran war drags on, leaving global energy prices far more exposed to escalation. The Republican president's so-called "jawboning" was one of the defining features of the Iran conflict's early months after fighting erupted in late February.
- [Kremlin says it sees no direct link between US diesel deal and Russia's Ukraine stance ](https://boereport.com/2026/10/13/kremlin-says-it-sees-no-direct-link-between-us-diesel-deal-and-russias-ukraine-stance/): The Kremlin said on Tuesday that it did not see any direct link between a deal on exporting Russian diesel to the United States and Moscow's own stance on the Ukraine peace talks. It was commenting on a Reuters source-based story, which reported that US President Donald Trump's envoys had told Ukrainian officials on Friday
- [Occidental oil prices jump as supply concerns lift crude](https://boereport.com/2026/10/13/occidental-oil-prices-jump-as-supply-concerns-lift-crude/): Shale producer Occidental Petroleum said in a filing on Tuesday its worldwide average realized oil prices rose 32.6% in the third quarter from a year earlier, as concerns over supply disruptions linked to the US-Iran war and restricted oil flows through the Strait of Hormuz lifted crude prices. The US-Iran war has pushed up oil
- [Source Rock Royalties acquires Alberta heavy oil gross overriding royalty in 126,000 acres of oil sands leases](https://boereport.com/2026/10/13/source-rock-royalties-acquires-alberta-heavy-oil-gross-overriding-royalty-in-126000-acres-of-oil-sands-leases/): /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./ CALGARY, AB, Oct. 13, 2026 /CNW/ -- Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties and Crown mineral leases, announces that it has acquired a 0.75% non-convertible
- [International Petroleum Corporation Announces Results of Normal Course Issuer Bid](https://boereport.com/2026/10/12/international-petroleum-corporation-announces-results-of-normal-course-issuer-bid-96/): TORONTO, Oct. 12, 2026 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 107,393 IPC common shares (ISIN: CA46016U1084) during the period of October 5 to 9, 2026 under IPC’s previously announced normal course issuer bid / share repurchase program
- [Oil rallies, sending dollar higher on expectations of higher US rates](https://boereport.com/2026/10/12/oil-rallies-sending-dollar-higher-on-expectations-of-higher-us-rates/): Oil prices climbed on Monday as attacks on Saudi Arabia overshadowed hopes for supply improvements, and expectations for higher US interest rates to fight inflation drove the dollar higher on a narrowly mixed day for global stocks. The action came after US President Donald Trump hailed fresh Russian diesel exports and a Russia-Ukraine energy ceasefire.
- [Russia says it may export up to 3.5 million tons of diesel a month by year-end](https://boereport.com/2026/10/12/russia-says-it-may-export-up-to-3-5-million-tons-of-diesel-a-month-by-year-end/): Russia will be able to recover its diesel exports to between 3 million tons and 3.5 million tons per month by year-end, the country's usual exporting volumes of the fuel, Deputy Prime Minister Alexander Novak said on Monday. Speaking to Rossiya-24 state TV channel, he also said that thanks to the deal agreed on with
- [Americas have glut of heavy oil due to freight squeeze; Asia, Europe scramble for barrels](https://boereport.com/2026/10/12/americas-have-glut-of-heavy-oil-due-to-freight-squeeze-asia-europe-scramble-for-barrels/): Dense heavy crude, which oil refiners around the world favor for its typically low cost, is piling up in the Americas as soaring freight rates have stifled exports and US refiners have been running close to their limits. The glut in North and South America has opened an unusual split in the global oil market,
- [Trump defends Russia diesel deal as lawmakers from both parties complain](https://boereport.com/2026/10/12/trump-defends-russia-diesel-deal-as-lawmakers-from-both-parties-complain/): President Donald Trump on Monday defended a diesel oil deal he made with Russia as lawmakers from both parties complained the agreement appears to violate US law barring imports of Russian energy until Moscow ends its aggression against Ukraine. Trump said he is taking steps to bring down high fuel prices, which are jeopardizing Republican
- [What is the diesel deal between Putin and Trump?](https://boereport.com/2026/10/12/what-is-the-diesel-deal-between-putin-and-trump/): US President Donald Trump has stepped up his efforts to lower US diesel prices by lifting sanctions on Russian diesel exports and announcing a ceasefire on energy infrastructure between Russia and Ukraine. Soaring US diesel prices are hurting US truckers and farmers, and are a concern for voters and political parties ahead of November 3
- [Goldman Sachs lifts December 2026 Brent price forecast to $90/bbl](https://boereport.com/2026/10/11/goldman-sachs-lifts-december-2026-brent-price-forecast-to-90-bbl/): Goldman Sachs raised its December 2026 Brent crude price forecast to $90 a barrel from $85, citing persistent supply risks that are likely to keep near-term oil market premiums elevated. Here are some details: * "We maintain our base case that continued adaptation of Mideast supply will eventually reduce crude oil prices, while potential renewed
- [OPEC cuts 2026 oil demand growth forecast to 400,000 bpd, sees pent-up demand in 2027](https://boereport.com/2026/10/12/opec-cuts-2026-oil-demand-growth-forecast-to-400000-bpd-sees-pent-up-demand-in-2027/): OPEC has revised down its oil demand growth forecast for this year to 400,000 barrels per day from 1.4 million bpd at the start of the year, in line with developments throughout the year, Haitham Al Ghais, Secretary General of the organisation said on Monday. However, OPEC expects the deferred demand to materialise in 2027,
- [Top oil executives dropped from event schedule after Riyadh attacks](https://boereport.com/2026/10/12/top-oil-executives-dropped-from-event-schedule-after-riyadh-attacks/): Several top energy executives were dropped from the schedule of the WPC Energy Congress in Riyadh, as Saudi authorities pressed ahead with the event despite deadly attacks on the capital claimed by Yemen's Iran-aligned Houthis. The chief executives of ExxonMobil, TotalEnergies, Shell, Chevron and BP had all been expected at the event, which began on
- [Iran says it will reply to US response on Hormuz proposal once review over](https://boereport.com/2026/10/12/iran-says-it-will-reply-to-us-response-on-hormuz-proposal-once-review-over/): Iran is still reviewing a US response to its proposal regarding the reopening of the Strait of Hormuz and will reply to Washington via intermediaries when the review is over, foreign ministry spokesperson Esmaeil Baghaei said on Monday. Baghaei also told a press conference that Iran continues to exchange messages via intermediaries, without elaborating. Qatar
- [Saudi Aramco studying new crude export routes, overseas storage expansion](https://boereport.com/2026/10/12/saudi-aramco-studying-new-crude-export-routes-overseas-storage-expansion/): Saudi Aramco CEO Amin Nasser said the company was studying additional crude oil export routes and working to expand its overseas storage capacity, as global energy markets face disruptions stemming from ongoing conflicts in the region. (Reporting by Jana Choukeir and Sarah El Safty, Editing by Louise Heavens)
- [Middle East LNG industry remains hostage of Iran war: Bousso ](https://boereport.com/2026/10/12/middle-east-lng-industry-remains-hostage-of-iran-war-bousso/): While Middle Eastern oil exports have rebounded in recent weeks, Qatar's vast liquefied natural gas export facilities remain hobbled. Until a durable resolution of the US-Israeli war with Iran is reached, Gulf shipments will be heavily curtailed, leaving the global LNG market seriously strained. Qatar is the world's second-largest producer of LNG behind the United
- [Cavvy Energy to Hold Conference Call and Webcast to Discuss Third Quarter 2026 Results and Announces Participation at Schachter Catch the Energy Conference](https://boereport.com/2026/10/08/cavvy-energy-to-hold-conference-call-and-webcast-to-discuss-third-quarter-2026-results-and-announces-participation-at-schachter-catch-the-energy-conference/): Not For Distribution to United States News Wire Services or Dissemination in United States CALGARY, Alberta, Oct. 08, 2026 (GLOBE NEWSWIRE) -- Cavvy Energy Ltd. (“Cavvy” or the “Company”) (TSX:CVVY) will release its financial and operating results for the third quarter of 2026 on Thursday, November 5, 2026, after market close. President & Chief Executive
- [Trump calls for replacing Ukraine's Zelenskiy in tussle over diesel deal with Russia](https://boereport.com/2026/10/11/trump-calls-for-replacing-ukraines-zelenskiy-in-tussle-over-diesel-deal-with-russia/): US President Donald Trump on Saturday called for Ukraine to replace its leader Volodymyr Zelenskiy and railed against Ukraine's attacks on Russian oil infrastructure, a day after announcing a diesel supply deal with Russia that drew a sharp rebuke from Zelenskiy. "I suggest they get a new leader who can make a deal because he
- [US threatens to block arms for Ukraine over refinery attacks, FT reports](https://boereport.com/2026/10/11/us-threatens-to-block-arms-for-ukraine-over-refinery-attacks-ft-reports/): The US is threatening to stop the procurement system that provides Ukraine with weapons in order to press Kyiv to halt its deep strikes on Russian energy infrastructure, the Financial Times reported on Sunday, citing officials in Europe. The officials, who received calls from US officials or were briefed on them, said that the US
- [Prime Minister Carney speaks with President of Ukraine Volodymyr Zelenskyy](https://boereport.com/2026/10/11/prime-minister-carney-speaks-with-president-of-ukraine-volodymyr-zelenskyy/): OTTAWA, ON, Oct. 11, 2026 /CNW/ -- Today, the Prime Minister, Mark Carney, spoke with the President of Ukraine, Volodymyr Zelenskyy. The Prime Minister offered his condolences for the victims of Russia's latest atrocities and reaffirmed Canada's solidarity with the people of Ukraine. Both leaders underscored the urgent need for Russia to immediately cease its strikes
- [Carney says U.S.-Russia diesel supply deal hurts Ukraine peace cause: PMO](https://boereport.com/2026/10/11/carney-says-u-s-russia-diesel-supply-deal-hurts-ukraine-peace-cause-pmo/): OTTAWA - Prime Minister Mark Carney spoke with Ukrainian President Volodymyr Zelenskyy today about U.S. President Donald Trump's new diesel fuel supply agreement with Russia. The Prime Minister's Office says the two leaders discussed the new agreement for Russia to supply millions of tonnes of diesel fuel to the United States, which Trump announced on
- [Readout - Prime Minister Carney speaks with President of the United States Donald J. Trump](https://boereport.com/2026/10/11/readout-prime-minister-carney-speaks-with-president-of-the-united-states-donald-j-trump/): OTTAWA, ON, Oct. 11, 2026 /CNW/ -- Today, the Prime Minister, Mark Carney, spoke with the President of the United States, Donald J. Trump. The Prime Minister thanked the President for his leadership toward securing an energy ceasefire between Ukraine and Russia. He expressed Canada's strong support for this agreement and reiterated President Zelenskyy's call for
- [BP withdraws from Riyadh energy conference after airport attack](https://boereport.com/2026/10/11/bp-withdraws-from-riyadh-energy-conference-after-airport-attack/): BP canceled its attendance at the World Petroleum Council Energy Congress in Riyadh, a company spokesperson said on Sunday, after a missile attack on Riyadh's international airport killed 13 people and wounded more than 300. The airport has been closed since the attack on Saturday. Saudi authorities reported that people were injured in another attack
- [Trump says Zelenskiy 'better damn well stop' hitting Russian refineries, urges new leader](https://boereport.com/2026/10/10/trump-says-zelenskiy-better-damn-well-stop-hitting-russian-refineries-urges-new-leader/): US President Donald Trump on Saturday called for new leadership in Ukraine, slamming Ukrainian President Volodymyr Zelenskiy and calling on Kyiv's leader to stop hitting Russian oil refineries. "He better damn well stop," Trump told reporters at the White House, one day after saying he had struck a deal allowing Russia to supply diesel to
- [Iran's Guards say tanker exploded after hitting mine in Strait of Hormuz](https://boereport.com/2026/10/10/irans-guards-say-tanker-exploded-after-hitting-mine-in-strait-of-hormuz/): Iran's Revolutionary Guards said on Saturday that an oil tanker had exploded and caught fire after hitting a naval mine while transiting the Strait of Hormuz, Iranian state media reported. The Guards did not specify the tanker's name or flag. (Reporting by Enas Alashray;)
- [Discount on Western Canada Select widens](https://boereport.com/2026/10/09/discount-on-western-canada-select-widens-61/): The discount on Western Canada Select (WCS) crude oil to North American benchmark West Texas Intermediate futures widened on Friday. WCS for November delivery in Hardisty, Alberta, settled at $25.55 a barrel below the US benchmark WTI, according to brokerage CalRock, compared with $25.20 on Thursday. The discount remains more than $10 wider than it
- [Parex Resources Announces Production Update and Timing of Q3 2026 Results](https://boereport.com/2026/10/08/parex-resources-announces-production-update-and-timing-of-q3-2026-results/): CALGARY, Alberta, Oct. 08, 2026 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) announces a production update as well as plans to release its Q3 2026 financial & operating results on Friday, November 6, 2026. Q3 2026 Production Update(1)(2) Q3 2026 average production was 83,259 boe/d. Production in September was supported
- [Putin says Russia is ready to supply energy to global markets](https://boereport.com/2026/10/09/putin-says-russia-is-ready-to-supply-energy-to-global-markets/): Russian President Vladimir Putin said on Friday that his country was ready to supply oil and oil products to the US and global markets, and that this would help the global economy as a whole, according to a statement published by the Kremlin. US President Donald Trump said earlier that Russia would immediately supply 300,000
- [US Gulf producers shut in more oil and gas as Isaias nears landfall](https://boereport.com/2026/10/09/us-gulf-producers-shut-in-more-oil-and-gas-as-isaias-nears-landfall/): US producers in the Gulf of Mexico shut in about 1.5 million barrels per day of oil production and 1.3 billion cubic feet per day of natural gas, an increase from Thursday, as Hurricane Isaias churned toward the coast ahead of an expected landfall along the Florida Panhandle late on Friday. The shut-ins represent nearly
- [Shell to Acquire 30% Non-Operated Interest in Bay du Nord Project](https://boereport.com/2026/10/09/shell-to-acquire-30-non-operated-interest-in-bay-du-nord-project/): CALGARY, AB, Oct. 9, 2026 /CNW/ -- Shell Canada Energy, an affiliate of Shell plc ("Shell"), has reached an agreement with Equinor to acquire a 30% non-operated interest in the Bay du Nord project. The transaction provides Shell with an attractive entry point, with expected returns above our hurdle rate, and exposure to an established
- [Schedule for US energy data in holiday week](https://boereport.com/2026/10/09/schedule-for-us-energy-data-in-holiday-week-2/): The Columbus/Indigenous Peoples federal holiday on Monday, Oct. 12 will affect the release schedule of some major energy data to be issued during the Oct. 11 week. Below is the schedule for the release of U.S. petroleum, oil and natural gas supply and inventory for the week. WEEK OF OCT 11: AMERICAN PETROLEUM INSTITUTE -
- [Trump pushes Mexico for more cross-nation tie-ups between energy companies, FT reports](https://boereport.com/2026/10/09/trump-pushes-mexico-for-more-cross-nation-tie-ups-between-energy-companies-ft-reports/): US President Donald Trump has insisted on more deals and tie-ups between Mexican and US energy companies in a call with Mexican President Claudia Sheinbaum, the Financial Times reported on Friday. The leaders have also discussed a deal similar to the one signed last year with South Korea, in which Seoul agreed to buy $100
- [US energy firms add rigs for fourth time in five weeks to highest since 2024, Baker Hughes says](https://boereport.com/2026/10/09/us-energy-firms-add-rigs-for-fourth-time-in-five-weeks-to-highest-since-2024-baker-hughes-says/): US energy firms this week added rigs for the fourth time in five weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The total oil and gas rig count, an early indicator of future output, rose by five to 603 in the week to October 9, its highest since May
- [Trump to push US officials to use Defense Production Act to raise oil, fuel output, three sources say](https://boereport.com/2026/10/09/trump-to-push-us-officials-to-use-defense-production-act-to-raise-oil-fuel-output-three-sources-say/): President Donald Trump will soon issue a directive to some of his department heads to find ways to control prices of diesel fuel which are near record highs in the weeks before the November 3 congressional elections that will determine control of Congress, three industry sources said on Friday. The directive, which could take the
- [About 71.5% of US Gulf oil production shut in ahead of Hurricane Isaias](https://boereport.com/2026/10/09/about-71-5-of-us-gulf-oil-production-shut-in-ahead-of-hurricane-isaias/): US producers in the Gulf of Mexico shut in about 71.51% of the current daily oil production and 58.84% of the current daily natural gas production ahead of Hurricane Isaias, according to the Marine Minerals Administration. Personnel have been evacuated from 129 production platforms, representing 34.8% of the 371 staffed platforms in the Gulf of
- [Ovintiv to Host its Third Quarter 2026 Results Conference Call and Webcast on November 4, 2026](https://boereport.com/2026/10/09/ovintiv-to-host-its-third-quarter-2026-results-conference-call-and-webcast-on-november-4-2026/): DENVER, Oct. 9, 2026 /PRNewswire/ -- Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its third quarter 2026 results conference call at 8:00 a.m. MST, on Wednesday November 4, 2026. The Company plans to release its financial and operating results after market close, Tuesday November 3, 2026. In addition to the release,
- [Trump teases 'big announcement' on diesel](https://boereport.com/2026/10/09/trump-teases-big-announcement-on-diesel/): US President Donald Trump said on Friday there would be "big news" on diesel, as prices of that fuel remain at near record highs in the weeks before Nov. 3 congressional elections that will determine control of Congress. "We have a big announcement coming up on diesel," Trump said without elaborating at a White House
- [Vessel struck by unknown projectile off UAE coast amid surge in attacks, UKMTO says](https://boereport.com/2026/10/09/vessel-struck-by-unknown-projectile-off-uae-coast-amid-surge-in-attacks-ukmto-says/): A vessel was struck by an unknown projectile 13 nautical miles west of Al Jazeera in the United Arab Emirates on Friday, causing a fire that has since been extinguished, British navy affiliated agency UKMTO said, citing multiple sources. While there was no claim of responsibility, maritime security sources said on Friday that the strike
- [Devon Energy Announces Agreement to Exit the Eagle Ford for $4.2 Billion](https://boereport.com/2026/10/08/devon-energy-announces-agreement-to-exit-the-eagle-ford-for-4-2-billion/): Transaction high-grades Devon’s portfolio, monetizes at an attractive valuation and enhances financial flexibility HOUSTON, Oct. 08, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it has entered into a definitive agreement to sell its Eagle Ford assets to Crescent Energy Company for total consideration of $4.2 billion in cash, subject to customary
- [Argo's August Oil Production](https://boereport.com/2026/10/09/argos-august-oil-production/): Toronto, Ontario--(Newsfile Corp. - October 9, 2026) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") August 2026 oil production was 2,838 barrels, averaging 91 barrels per day. Oil prices averaged CAD$87 per barrel, and Argo's oil revenue was $247,143 and net operating cash flow was $140,447.
- [Soaring freight rates threaten Asia's appetite for US crude](https://boereport.com/2026/10/08/soaring-freight-rates-threaten-asias-appetite-for-us-crude/): Tanker freight rates soaring to record highs are putting US crude oil out of reach for Asian refiners, pushing them to seek alternatives from the Middle East and Latin America, according to multiple traders and shipbrokers who track those markets. The cost of chartering a very large crude carrier (VLCC) to carry 2 million barrels
- [Diesel-fuelled price hikes could stoke food inflation this fall, experts warn](https://boereport.com/2026/10/09/diesel-fuelled-price-hikes-could-stoke-food-inflation-this-fall-experts-warn/): Food experts and economists expect the global run-up in diesel prices will have consumers bracing for a tough winter at the grocery store. The ongoing war in Iran has driven a global energy shock that has spurred higher prices on regular gasoline as well as diesel. The closure of the Strait of Hormuz is disrupting
- [Shell to take 30% stake in Equinor's Bay du Nord oil project in Canada](https://boereport.com/2026/10/09/shell-to-take-30-stake-in-equinors-bay-du-nord-oil-project-in-canada/): Equinor and Shell have signed an agreement under which Shell will acquire a 30% interest in the Bay du Nord project offshore Newfoundland and Labrador in Canada, the companies said on Friday. * "The transaction supports the continued maturation of Bay du Nord towards an investment decision currently targeted for early 2027," Equinor said in
- [The Great Trump-driven Pre-Referendum Pipeline/Infrastructure Build Out: great to see but tread wisely](https://boereport.com/2026/10/07/the-great-trump-driven-pre-referendum-pipeline-infrastructure-build-out-great-to-see-but-tread-wisely/): Perspective is everything, particularly with respect to the blizzard of energy infrastructure announcements. Industry readers here will fall into two groups: those with more than a decade in Canada’s upstream energy sector, who will be identifiable by a countenance of total disorientation. The other group less hardened group will be observing the absolute torrent of
- [Discount on Western Canada Select widens again](https://boereport.com/2026/10/08/discount-on-western-canada-select-widens-again-3/): The discount on Western Canada Select (WCS) crude oil to North American benchmark West Texas Intermediate futures widened again on Thursday, as soaring global freight prices continue to put pressure on Canadian barrels re-exported off the US Gulf Coast. WCS for November delivery in Hardisty, Alberta, settled at $25.20 a barrel below the US benchmark
- [US natural gas supply growth to outpace demand this winter, NGSA says](https://boereport.com/2026/10/08/us-natural-gas-supply-growth-to-outpace-demand-this-winter-ngsa-says/): The US natural gas market is expected to see supply growth outpace demand this winter despite rising LNG exports, the Natural Gas Supply Association, an industry group, said in its winter outlook on Thursday. US dry gas production is expected to average 112.5 billion cubic feet per day (bcf/d) this winter, up roughly 2.5 bcf/d
- [Trump says US will not attack Iran before midterm elections in November](https://boereport.com/2026/10/08/trump-says-us-will-not-attack-iran-before-midterm-elections-in-november/): US President Donald Trump said on Thursday the United States is having productive discussions with Iran and will not launch an attack on the country before US midterm congressional elections in November. "We are having productive discussions with the Islamic Republic of Iran," Trump wrote in a post on Truth Social. He said the US
- [About 63% of US Gulf oil production shut in ahead of Isaias, US agency says](https://boereport.com/2026/10/08/about-63-of-us-gulf-oil-production-shut-in-ahead-of-isaias-us-agency-says/): US Gulf of Mexico oil and gas producers have shut in about 62.89% of current oil production and 57.35% of current natural gas production as of Thursday, according to the Marine Minerals Administration, as operators continued to respond to Hurricane Isaias. The agency said personnel had been evacuated from 121 production platforms, representing 32.61% of
- [Crescent Energy to Acquire Eagle Ford Assets from Devon Energy, Solidifying Crescent’s World-Class Position in the Basin](https://boereport.com/2026/10/08/crescent-energy-to-acquire-eagle-ford-assets-from-devon-energy-solidifying-crescents-world-class-position-in-the-basin/): High-margin, oil-weighted production and significant Tier 1 inventory adjacent to existing operations Attractive acquisition returns and meaningful accretion across all key metrics Devon-owned minerals add significant scale and increased operatorship to Crescent Royalties HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) (“Crescent” or the “Company”) today announced that it has entered into a definitive agreement to acquire
- [Attack risks rise for tankers as Iran vows to block more Hormuz routes](https://boereport.com/2026/10/08/attack-risks-rise-for-tankers-as-iran-vows-to-block-more-hormuz-routes/): Tankers are facing a higher risk of attacks and intimidation as they try to get critical shipments through the Strait of Hormuz after Iran issued new warnings it would block routes that it has not authorized, sources said. Last week already saw the biggest number of attacks on tankers in the key waterway since the
- [Tourmaline and Topaz announces the closing of $330.6 million bought deal secondary offering of Topaz common shares](https://boereport.com/2026/10/08/tourmaline-and-topaz-announces-the-closing-of-330-6-million-bought-deal-secondary-offering-of-topaz-common-shares/): /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ CALGARY, AB, Oct. 8, 2026 /CNW/ -- Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Selling Shareholder") and Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") announced today the closing of the previously announced secondary offering (the "Offering") of common shares
- [Devon Energy to sell Eagle Ford assets to Crescent Energy for $4.2 billion](https://boereport.com/2026/10/08/devon-energy-to-sell-eagle-ford-assets-to-crescent-energy-for-4-2-billion/): Devon Energy said on Thursday it would sell its Eagle Ford assets to Crescent Energy for $4.2 billion in cash. The divestment comes amid continued investor pressure on Devon to streamline its portfolio and focus on its core Permian Basin operations following its recent $58 billion merger with Coterra Energy, which created one of the
- [Gas Liquids Engineering Completes Detailed Engineering for Enhance Energy's Origins Carbon Capture and Storage Hub](https://boereport.com/2026/10/08/gas-liquids-engineering-completes-detailed-engineering-for-enhance-energys-origins-carbon-capture-and-storage-hub/): CALGARY, AB, Oct. 8, 2026 /CNW/ - Gas Liquids Engineering Ltd. (GLE) is pleased to announce the successful completion of its detailed engineering scope for Enhance Energy Inc.'s Origins Carbon Capture and Storage (CCS) Hub near Clive, Alberta. GLE provided engineering services for the Origins CO₂ pipeline and associated facilities connecting existing transportation infrastructure to
- [TOP Oil Production Ltd.: Property Divestiture](https://boereport.com/2026/10/08/top-oil-production-ltd-property-divestiture/): TOP Oil Production Ltd. (“TOP Oil” or the “Company”) has engaged Sayer Energy Advisors to assist with the sale of its non-core oil and natural gas interests located in the Lloydminster area of Alberta (the “Property”). Current production net to TOP Oil from the Property is estimated to be approximately 53 bbl/d of oil as
- [Oil rises as Middle East supply concerns persist amid shipping attacks](https://boereport.com/2026/10/07/oil-rises-as-middle-east-supply-concerns-persist-amid-shipping-attacks/): Oil prices rose on Thursday on persistent worries about supply from the key Middle East producing region amid an increase in attacks on shipping in the Gulf and the Strait of Hormuz, while the US cut output as a hurricane menaced offshore production. Brent crude futures rose $2.28, or 2.28%, to $102.28 a barrel by
- [Oil and gas emissions dropped in 2025 despite increased production: report](https://boereport.com/2026/10/08/oil-and-gas-emissions-dropped-in-2025-despite-increased-production-report/): OTTAWA - Canada's oil and gas sector accounted for a lower level of emissions in 2025, despite boosts in production, while the country's overall emissions ticked up thanks to increased reliance on natural gas to heat homes. Those are among the findings in the Canadian Climate Institute's annual national emissions report, released Thursday. The institute,
- [Battle for Mideast oil market share has already begun: Bousso](https://boereport.com/2026/10/08/battle-for-mideast-oil-market-share-has-already-begun-bousso/): Middle East oil producers have launched a battle to recapture market share lost during the Iran war, setting current and former OPEC members on a collision course as traffic through the Strait of Hormuz gradually recovers. Such turf battles usually send crude prices plummeting, yet consumers are unlikely to see much relief at the pump
- [Oilpatch profits vastly outpacing spending — at least for now: Deloitte](https://boereport.com/2026/10/08/oilpatch-profits-vastly-outpacing-spending-at-least-for-now-deloitte/): CALGARY - Canadian oil producers saw a 68 per cent surge in operating profits between the first and second quarters of this year, but capital spending hasn't kept anywhere near the same pace, says a new report from Deloitte Canada. The consulting firm notes that crude prices have experienced "considerable volatility" in recent months due
- [About 25% of Gulf of Mexico oil output shut in due to Isaias, US agency says](https://boereport.com/2026/10/07/about-25-of-gulf-of-mexico-oil-output-shut-in-due-to-isaias-us-agency-says/): US Gulf of Mexico oil and gas producers had shut in about 25.08% of current oil production and 16.37% of current natural gas production as of Wednesday, as operators responded to Tropical Storm Isaias, according to the Marine Minerals Administration. The regulator said personnel had been evacuated from eight production platforms, representing 2.16% of the
- [Discount on Western Canada Select widens](https://boereport.com/2026/10/06/discount-on-western-canada-select-widens-59/): The discount on Western Canada Select (WCS) crude oil to North American benchmark West Texas Intermediate futures widened again on Monday, hovering at levels not seen since 2023, as soaring global freight prices put pressure on Canadian barrels being re-exported off the US Gulf Coast. WCS for November delivery in Hardisty, Alberta, settled at $24.95
- [Discount on Western Canada Select widens](https://boereport.com/2026/10/07/discount-on-western-canada-select-widens-60/): The discount on Western Canada Select (WCS) crude oil to North American benchmark West Texas Intermediate futures widened on Wednesday, as soaring global freight prices continue to put pressure on Canadian barrels re-exported off the US Gulf Coast. WCS for November delivery in Hardisty, Alberta, settled at $25.15 a barrel below the US benchmark WTI,
- [Pine Cliff Energy Ltd. Announces Expanded 2026 Development Program, New Credit Facility and Monthly Dividend for October 30, 2026](https://boereport.com/2026/10/07/pine-cliff-energy-ltd-announces-expanded-2026-development-program-new-credit-facility-and-monthly-dividend-for-october-30-2026/): Calgary, Alberta--(Newsfile Corp. - October 7, 2026) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") is pleased to announce that it is expanding its 2026 development program in Central Alberta with the intent to drill two gross Glauconite wells in the Caroline area and one gross Pekisko oil well
- [EPA says will rescind policy targeting oil and gas industry methane leaks](https://boereport.com/2026/10/07/epa-says-will-rescind-policy-targeting-oil-and-gas-industry-methane-leaks/): The US Environmental Protection Agency on Wednesday said it is days away from proposing to rescind a Biden-era policy that sought to rein in large leaks of methane, a potent greenhouse gas, from oil and gas operations. The move is part of a broad Trump administration effort to slash regulations that it says burden US
- [Conservative motion seeking more diesel relief defeated in House of Commons](https://boereport.com/2026/10/07/conservative-motion-seeking-more-diesel-relief-defeated-in-house-of-commons/): OTTAWA - The Conservative party's proposal to extend federal relief on diesel fuel was voted down in the House of Commons today. Global prices for diesel and gasoline have spiked since the spring as the war in Iran has disrupted fuel shipments from the Gulf region. The Liberal government already has extended an earlier pause
- [Only Two Weeks Away: Join Stephen Harper and Canada's Heavy Oil Leaders at CHOA's 40th Anniversary Gala](https://boereport.com/2026/10/08/only-two-weeks-away-join-stephen-harper-and-canadas-heavy-oil-leaders-at-choas-40th-anniversary-gala/): October 23, 2026: an evening not to be missed by those connected to Canadian heavy oil and oil sands. Legacy in Motion: CHOA's 40th Anniversary Awards Gala Keynote Speaker: The Right Honourable Stephen J. Harper, 22nd Prime Minister of Canada This milestone event marks four decades of CHOA’s service to Alberta’s heavy oil sector and
- [QatarEnergy's LNG expansion project poised to start operations in November, sources say](https://boereport.com/2026/10/07/qatarenergys-lng-expansion-project-poised-to-start-operations-in-november-sources-say/): The first liquefied natural gas train under QatarEnergy's North Field East expansion project will be ready to start operation in November, two people aware of the company's plans said, offering Qatar a path to restoring some output lost to Iranian attacks. Launching the train would be a major milestone for the world's largest LNG expansion
- [Shell third quarter 2026 update note](https://boereport.com/2026/10/07/shell-third-quarter-2026-update-note/): The following is an update to the third quarter 2026 outlook and gives an overview of our current expectations for the third quarter. Outlooks presented may vary from the actual third quarter 2026 results and are subject to finalisation of those results, which are scheduled to be published on 29 October, 2026. Unless otherwise indicated,
- [US SEC will not pursue charges against climate group, warns of disclosure obligations](https://boereport.com/2026/10/07/us-sec-will-not-pursue-charges-against-climate-group-warns-of-disclosure-obligations/): The US Securities and Exchange Commission disclosed in a report on Wednesday that it had investigated the actions of a climate group in connection with a May 2021 ExxonMobil shareholder meeting and has chosen not to pursue charges against it. But the SEC warned that it had concerns about actions by the group, known as
- [US crude stocks and distillate inventories fall, gasoline inventories rise, EIA says](https://boereport.com/2026/10/07/us-crude-stocks-and-distillate-inventories-fall-gasoline-inventories-rise-eia-says/): U.S. crude stocks and distillate inventories fell while gasoline inventories rose last week, the Energy Information Administration said on Wednesday. Crude inventories fell by 3.2 million barrels to 424.1 million barrels in the week ended October 2, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.7 million-barrel rise. Crude stocks
- [Iranian official says 'illegal routes' in Strait of Hormuz to soon be blocked](https://boereport.com/2026/10/07/iranian-official-says-illegal-routes-in-strait-of-hormuz-to-soon-be-blocked/): Transit routes in the Strait of Hormuz deemed illegal by Iran will soon be closed, an adviser to the Revolutionary Guards' Commander told the semi-official Fars News Agency on Wednesday, referring to the southern pathway hugging Oman's coast. Mohammadreza Naqdi said these "few routes" had been created by blasting and damaging some of the rocky
- [Emera, Canadian Utilities and ATCO announce transformational agreement to create Canadian utility and energy infrastructure powerhouse](https://boereport.com/2026/10/06/emera-canadian-utilities-and-atco-announce-transformational-agreement-to-create-canadian-utility-and-energy-infrastructure-powerhouse/): Largest merger in Canadian history1 HIGHLIGHTS Emera and Canadian Utilities will combine in a merger of equals to form a Top 20 North American utility, with approximately $72 billion in combined enterprise value , $45 billion in rate base and six million customers. Creating a Canadian champion with greater financial strength, operating capabilities and investment
- [Oil gains as US storm and Houthi air strikes threaten supply](https://boereport.com/2026/10/06/oil-gains-as-us-storm-and-houthi-air-strikes-threaten-supply/): Oil prices climbed on Wednesday as the market weighed supply constraints from a storm heading for US oil-producing regions and attacks by Yemen's Iran-backed Houthis on Saudi Arabia against increased supplies of Middle East crude. Brent futures rose $1.05, or 1.04%, to $101.63 a barrel by 0400 GMT. US West Texas Intermediate (WTI) crude futures
- [Europe's LNG demand, growing fleet size to pressure shipping rates in winter](https://boereport.com/2026/10/07/europes-lng-demand-growing-fleet-size-to-pressure-shipping-rates-in-winter/): Strong European demand for liquefied natural gas is expected to cap shipping costs this winter by keeping more cargoes within the Atlantic basin, though a resurgence in buying from Asia could constrain vessel availability and lift freight costs. Both Atlantic and Pacific freight rates have fallen back to levels seen before the US-Israeli war on
- [Ukraine's attacks on Russian energy sites — what has been hit?](https://boereport.com/2026/10/07/ukraines-attacks-on-russian-energy-sites-what-has-been-hit-3/): Ukrainian forces are keeping up strikes on Russian energy infrastructure and other sites in what Kyiv says is an effort to deprive Russia of resources to fund its military. Following is a summary of the attacks — starting with the most recent — and their impact. VOLGOGRAD The Volgograd refinery owned by Russia's Lukoil halted
- [US "ideas" on Iran's nuclear work are at odds with Tehran's demands, senior Iranian official tells Reuters](https://boereport.com/2026/10/07/us-ideas-on-irans-nuclear-work-are-at-odds-with-tehrans-demands-senior-iranian-official-tells-reuters/): Washington's "requests and ideas" about Iran's nuclear programme are at odds with Tehran's demands, a senior Iranian official told Reuters on Wednesday when asked about US Vice President JD Vance's comment that Tehran must cut enrichment to end the war with Washington. "Vance's comments are Washington's ideas and requests (...) Americans are free to make
- [Chevron to divest midstream assets in Bakken restructuring](https://boereport.com/2026/10/06/chevron-to-divest-midstream-assets-in-bakken-restructuring/): Chevron said on Tuesday it had agreed to sell its stakes in Hess Midstream and DJ Basin crude oil midstream assets as part of a broader restructuring of its Bakken midstream agreements aimed at cutting costs and boosting returns. The transaction would remove Hess Midstream from Chevron’s balance sheet, including about $3.7 billion of the
- [US forecasts hurricane later this week in Gulf of Mexico](https://boereport.com/2026/10/06/us-forecasts-hurricane-later-this-week-in-gulf-of-mexico/): US forecasters said on Tuesday a storm forming in the Gulf of Mexico and speeding towards Louisiana and Mississippi would become the first Atlantic hurricane of 2026 within two days. Currently named Tropical Depression Nine, the cyclone would be at tropical storm strength by early Wednesday, the National Hurricane Center said. "The depression is expected
- [Trump says he is thinking about suspending federal gas tax](https://boereport.com/2026/10/06/trump-says-he-is-thinking-about-suspending-federal-gas-tax/): President Donald Trump said on Tuesday he was thinking about suspending the federal gas tax as high gas and diesel prices pose a risk to his Republican Party heading into the November midterm US elections. DETAILS AND QUOTES: * "We're thinking about that," Trump said when asked if the federal gas tax should be suspended,
- [High gas prices could make US LNG uncompetitive, says Fulcrum LNG chief](https://boereport.com/2026/10/06/high-gas-prices-could-make-us-lng-uncompetitive-says-fulcrum-lng-chief/): Liquefied natural gas projects in the US could become uncompetitive if domestic natural gas prices continue rising, the CEO of developer Fulcrum LNG, Jesus Bronchalo, said on Tuesday. Speaking at a panel discussion at Rice University's Baker Institute, Bronchalo said natural gas prices are likely to increase more in the US, already one of the
- [New oil and gas jobs from BOE Report Jobs](https://boereport.com/2026/10/06/new-oil-and-gas-jobs-from-boe-report-jobs-503/): Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title
- [The world has nearly burned through its oil stockpile buffer, executives say](https://boereport.com/2026/10/06/the-world-has-nearly-burned-through-its-oil-stockpile-buffer-executives-say/): The amount of oil in storage that is accessible to the global market is running low, industry executives said at a forum in London this week, making the market more fragile and putting upward pressure on prices. Governments and energy companies have drawn oil from stockpiles to alleviate pressure in a global oil market facing
- [US power use to beat record highs in 2026 and 2027 as AI use surges, EIA says](https://boereport.com/2026/10/06/us-power-use-to-beat-record-highs-in-2026-and-2027-as-ai-use-surges-eia-says-7/): US power consumption will rise to record highs in 2026 and 2027, driven by AI-hungry data centers and electrification, the US Energy Information Administration said in its Short-Term Energy Outlook (STEO) on Tuesday. The EIA projected power demand will rise from a record 4,195 billion kilowatt-hours (kWh) in 2025 to 4,288 billion kWh in 2026
- [US EIA hikes oil price forecasts again as Iran war drains global stockpile](https://boereport.com/2026/10/06/us-eia-hikes-oil-price-forecasts-again-as-iran-war-drains-global-stockpile/): The US Energy Information Administration raised its oil price forecast for this year and next year on Tuesday, as global stockpiles fall rapidly and diesel markets remain tight due to the ongoing Iran war. Global benchmark Brent crude is now expected to average about $98 a barrel in 2026, up 8% from the EIA's previous
- [EIA expects a mixed picture for US households winter fuel costs this year](https://boereport.com/2026/10/06/eia-expects-a-mixed-picture-for-us-households-winter-fuel-costs-this-year/): US homes that primarily heat with natural gas or propane — about half of households — will spend less on energy this winter than last, the Energy Information Administration said in its winter fuels outlook report on Tuesday. But households that use heating oil, about 3% of US homes mostly in the US Northeast, are
- [Iraq proposes oil price assumption of $58 per barrel in draft budget](https://boereport.com/2026/10/06/iraq-proposes-oil-price-assumption-of-58-per-barrel-in-draft-budget/): Iraq's government has proposed an oil price assumption of $58 a barrel with total spending projected at 217 trillion Iraqi dinars ($166 billion), lawmakers familiar with the 2027 draft budget said on Tuesday. The proposals would leave the budget with a deficit of more than 40 trillion dinars. The legislation projects crude oil exports of
- [Emera bulks up for power demand boom with $10 billion Canadian Utilities deal](https://boereport.com/2026/10/06/emera-bulks-up-for-power-demand-boom-with-10-billion-canadian-utilities-deal/): Emera said on Tuesday it would buy peer Canadian Utilities for C$14.3 billion ($10.02 billion) in stock, strengthening its financial muscle as power companies ramp up investments to tap into booming demand. The deal, which will create one of Canada's top power providers with an enterprise value of about C$72 billion, comes when utilities across
- [Conservatives call for boost in Canadian diesel production, cut to diesel taxes](https://boereport.com/2026/10/06/conservatives-call-for-boost-in-canadian-diesel-production-cut-to-diesel-taxes/): OTTAWA - Conservative members of Parliament are calling for a boost to Canadian diesel production to one million barrels per day as the price for the fuel continues to soar. Fuel prices have increased globally in recent months as wars in Iran and Ukraine impact world oil supplies. Statistics Canada reports diesel prices across the
- [Control Tech Expands Expertise and Capabilities with Acquisition of Alcro Electric](https://boereport.com/2026/10/05/control-tech-expands-expertise-and-capabilities-with-acquisition-of-alcro-electric/): Combining 54 years of experience, strong industry relationships, and complementary expertise to deliver more comprehensive solutions to clients across North America. CALGARY, Alberta — October 5, 2026 — Control Tech, a leading electrical, instrumentation and automation solutions provider, is pleased to announce the acquisition of Alcro Electric Ltd., an established Electrical Contractor with extensive expertise in modular
- [IEA to decide on details of diesel stocks release next week as market confusion grows ](https://boereport.com/2026/10/06/iea-to-decide-on-details-of-diesel-stocks-release-next-week-as-market-confusion-grows/): The West's energy watchdog will meet next week to work out the details of a diesel stock release as market confusion grows over how many barrels Europe and the US plan to make available to address shortages and record-high prices, sources said. Under pressure from US President Donald Trump, the Group of Seven major economies
- [Cenovus announces agreement to acquire Athabasca Oil Corporation](https://boereport.com/2026/10/05/cenovus-announces-agreement-to-acquire-athabasca-oil-corporation/): CALGARY, Alberta, Oct. 05, 2026 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that it has entered into a definitive arrangement agreement to acquire Athabasca Oil Corporation (TSX: ATH) (“Athabasca”) in a cash and stock transaction with an implied enterprise value of $5.7 billion. Transaction Highlights Clear strategic fit with Cenovus’s
- [Vance says details of proposed Alaska LNG pipeline need to be worked out](https://boereport.com/2026/10/05/vance-says-details-of-proposed-alaska-lng-pipeline-need-to-be-worked-out/): US Vice President JD Vance said on Monday that a long-planned liquefied natural gas pipeline in Alaska was going to happen, but there were still some details that needed to be worked out with South Korea. Last week, US President Donald Trump announced plans for South Korea to invest $200 billion in US projects, including
- [Japan aims to agree on action plans with Asian partners to bolster oil reserves](https://boereport.com/2026/10/05/japan-aims-to-agree-on-action-plans-with-asian-partners-to-bolster-oil-reserves/): Japan aims to agree on action plans with its Asian partners to boost crude oil reserves across the region at a ministerial meeting of the Japan-led Asia Zero Emission Community (AZEC) in the Philippines on Thursday, the industry minister said on Tuesday. * In April, Prime Minister Sanae Takaichi proposed the "Partnership in Wide Energy
- [Oil slips as Mideast exports, G7 stockpile ease supply concerns](https://boereport.com/2026/10/06/oil-slips-as-mideast-exports-g7-stockpile-ease-supply-concerns/): Oil prices fell on Tuesday as resilient Middle Eastern crude exports and a G7 emergency stockpile release eased supply concerns, though lingering security risks in the region capped further losses. Brent crude futures were down 83 cents, or 0.8%, at $99.49 a barrel at around 0650 GMT, while US West Texas Intermediate crude futures fell
- [UBS raises 2026-27 Brent price view on persistent Middle East supply disruptions](https://boereport.com/2026/10/06/ubs-raises-2026-27-brent-price-view-on-persistent-middle-east-supply-disruptions/): UBS raised its Brent crude price forecasts for the 2026 and 2027 stating that Middle East flows were disrupted more than expected following the breakdown of the June US-Iran Memorandum of Understanding and added that the recovery remains fragile given the ongoing attacks. * "While Hormuz flows have materially recovered in recent weeks, this improvement
- [Oil, fuel supply buffers are thinning as Middle East conflict continues, Chevron CEO says](https://boereport.com/2026/10/06/oil-fuel-supply-buffers-are-thinning-as-middle-east-conflict-continues-chevron-ceo-says/): The energy system is more fragile today than earlier in the US-Israeli war, while the oil price floor gets gradually higher, Chevron CEO Mike Wirth said on Tuesday, as buffers for oil and fuel supply thin. As the conflict runs into its eighth month the underlying fundamentals of the oil and gas market are becoming
- [Athabasca Oil Announces Agreement to be Acquired by Cenovus Energy](https://boereport.com/2026/10/05/athabasca-oil-announces-agreement-to-be-acquired-by-cenovus-energy/): $12.00 per share Purchase Price, represents a 14% premium to Athabasca’s 20-day volume-weighted average trading price Transaction consideration mix of 35% Cenovus shares and 65% cash; Athabasca shareholders may elect to receive all cash, all Cenovus shares or any combination of the two, allowing them to tailor elections to their individual investment preferences, subject to
- [Around 14 million barrels per day leaving Middle East, Vitol CEO says](https://boereport.com/2026/10/06/around-14-million-barrels-per-day-leaving-middle-east-vitol-ceo-says/): Around 12 million barrels per day of crude oil and 2 million bpd of refined products — volumes needed to dampen price pressure — have left the Middle East on tankers in the last 7 to 10 days, commodities trading giant Vitol's CEO said on Tuesday. With inventories in the West largely drained, that flow
- [Energy Transfer to buy Vaquero Midstream for $2.63 billion in cash and stock](https://boereport.com/2026/10/06/energy-transfer-to-buy-vaquero-midstream-for-2-63-billion-in-cash-and-stock/): Energy Transfer said on Tuesday it has agreed to acquire Vaquero Midstream in a deal valued at about $2.63 billion in cash and stock, expanding its midstream operations. The deal includes $1.95 billion in cash and about 33.3 million newly issued Energy Transfer shares, Energy Transfer said. It said the assets, which are linked to
- [Discount on Western Canada Select hits 2023 levels amid soaring global freight costs](https://boereport.com/2026/10/05/discount-on-western-canada-select-hits-2023-levels-amid-soaring-global-freight-costs/): The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures has blown out this month, reaching levels not seen since 2023 as soaring global freight prices put pressure on Canadian barrels being re-exported off the US Gulf Coast. WCS for November delivery in Hardisty, Alberta, settled at $24.80 a
- [Suncor to divest non-core offshore assets and increase shareholder returns](https://boereport.com/2026/10/04/suncor-to-divest-non-core-offshore-assets-and-increase-shareholder-returns/): Unless otherwise noted, all financial figures are presented in Canadian dollars (Cdn$). Calgary, Alberta--(Newsfile Corp. - October 4, 2026) - Agreement reached to sell interests in Terra Nova, White Rose, and West White Rose for $1.2 billion cash and an additional contingent payment of up to $350 million Increased share repurchases from $500 million to
- [SpaceX seeks approval for Florida gas pipeline to support Cape Canaveral launches](https://boereport.com/2026/10/05/spacex-seeks-approval-for-florida-gas-pipeline-to-support-cape-canaveral-launches/): Elon Musk's SpaceX is seeking approval to build a natural gas pipeline in Florida to supply fuel for its rocket launched from Cape Canaveral, according to a state regulatory filing from September. A SpaceX subsidiary, Coastal Connect Services (CCS), has requested the Florida Public Service Commission to approve a tariff for a new 32.4-mile, 16-inch
- [US says foreign financial institutions doing business with Iran may be sanctioned without notice](https://boereport.com/2026/10/05/us-says-foreign-financial-institutions-doing-business-with-iran-may-be-sanctioned-without-notice/): The US Treasury Department said on Monday it was alerting foreign financial institutions that continue to do business with Iran or its financial sector that they may be sanctioned by Washington without advance notice. DETAILS: * "Foreign financial institutions continuing to transact with sanctioned Iranian financial institutions could be targeted at any time without advance
- [Oil market turmoil could last for years, executives say ](https://boereport.com/2026/10/05/oil-market-turmoil-could-last-for-years-executives-say/): Shipping bottlenecks, deep cuts in refinery output and inventory draws that could take years to replace will keep global oil prices high beyond this year, industry executives said at a conference in London on Monday. Following the start of the US-Israeli war on Iran at the end of February, Iran effectively closed the Strait of
- [LNG buyers are paying $25-$28 MMBtu without flinching, PETRONAS says](https://boereport.com/2026/10/05/lng-buyers-are-paying-25-28-mmbtu-without-flinching-petronas-says/): Customers are paying $25 to $28 per million British thermal units for liquefied natural gas without flinching yet, as the Middle East conflict has disrupted supplies, PETRONAS CEO Tengku Muhammad Taufik said on Monday. If the LNG price hits $40 to $50 per MMBtu, people may start switching to other forms of energy, Muhammad Taufik
- [Phillips 66 Announces Refining Leadership Transition](https://boereport.com/2026/10/05/phillips-66-announces-refining-leadership-transition/): HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) today announced that Rich Harbison, executive vice president, Refining, has decided to retire, effective Dec. 31, 2026, following a distinguished career and significant contributions to the company. As part of the company’s ongoing succession planning, Chris Chandler will join Phillips 66 as strategic advisor to the CEO effective Oct.
- [Oil stocks in US strategic petroleum reserve fall to lowest level since 1982](https://boereport.com/2026/10/05/oil-stocks-in-us-strategic-petroleum-reserve-fall-to-lowest-level-since-1982-4/): Stocks of crude oil in the U.S. Strategic Petroleum Reserve fell to 283 million barrels last week, the lowest level since October 1982, according to data from the Department of Energy. The drawdowns are part of a U.S. agreement to release 172 million barrels from the facility. Additionally, the Trump administration last week said it
- [Chevron Announces Senior Leadership Changes](https://boereport.com/2026/10/05/chevron-announces-senior-leadership-changes-5/): HOUSTON--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today announced the following senior leadership changes, effective January 1, 2027: Mark Nelson, currently vice chairman and executive vice president of Oil, Products & Gas, will remain vice chairman with responsibility for Strategy and Business Development. In addition to his corporate duties, Nelson will be responsible for identifying and
- [Replenishing crude, fuel supplies could take two years, Saudi Aramco CEO says](https://boereport.com/2026/10/05/replenishing-crude-fuel-supplies-could-take-two-years-saudi-aramco-ceo-says/): The squeeze on crude oil and refined fuels is set to tighten, and it could take up to two years to refill global stockpiles drawn on as an emergency measure, the chief executive of the world's biggest oil company Saudi Aramco said on Monday. Following the start of the US-Israeli war on Iran at the
- [Oil slips as Middle East crude exports rise, G7 to release stocks](https://boereport.com/2026/10/04/oil-slips-as-middle-east-crude-exports-rise-g7-to-release-stocks/): Oil prices slipped on Monday as rising crude exports from the Middle East and a release of oil stocks from Group of Seven nations are adding to supplies despite ongoing concerns about further damage to Gulf oil infrastructure amid the Iran war. Brent crude futures fell 35 cents, or 0.34%, to $101.90 a barrel by
- [Cenovus Energy signs deal to buy Athabasca Oil in deal valued at $5.7 billion](https://boereport.com/2026/10/05/cenovus-energy-signs-deal-to-buy-athabasca-oil-in-deal-valued-at-5-7-billion/): CALGARY - Cenovus Energy Inc. has signed a deal to buy Athabasca Oil Corp. in a cash-and-stock deal valued at $5.7 billion. Cenovus CEO Jon McKenzie says Athabasca’s high-quality, long-life assets fit the company's portfolio and provide a clear opportunity to improve performance, grow production and create long-term shareholder value. Cenovus says the deal adds
- [International Petroleum Corporation Announces Results of  Normal Course Issuer Bid](https://boereport.com/2026/10/05/international-petroleum-corporation-announces-results-of-normal-course-issuer-bid-95/): International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 98,397 IPC common shares (ISIN: CA46016U1084) during the period of September 28 to October 2, 2026 under IPC’s previously announced normal course issuer bid / share repurchase program (NCIB). IPC’s NCIB, announced on December
- [Aramco can make 12 million bpd available within days, CEO says](https://boereport.com/2026/10/05/aramco-can-make-12-million-bpd-available-within-days-ceo-says/): Saudi Aramco can make its maximum sustainable production capacity of 12 million barrels per day available within days, Chief Executive Amin Nasser told the Energy Intelligence conference in London on Monday. "Our system is intact," Nasser said, adding that the firm has the strategic reserves and flexibility to isolate or shift output as needed. (Reporting
- [Russia says Ukraine will pay the price for striking oil refineries](https://boereport.com/2026/10/05/russia-says-ukraine-will-pay-the-price-for-striking-oil-refineries/): The Kremlin said on Monday that Ukraine would pay the price for striking oil refineries. Kremlin spokesman Dmitry Peskov was commenting on Ukrainian President Volodymyr Zelenskiy's interview to Reuters, in which he said that Ukraine would double down on attacking Russian oil refineries in response to a new policy of airstrikes by Moscow. (Reporting by
- [Spain's imports of Venezuelan oil at highest in 20 years](https://boereport.com/2026/10/05/spains-imports-of-venezuelan-oil-at-highest-in-20-years/): Spain's crude oil imports from Venezuela through August were the highest in two decades following moves by Washington and Caracas to reopen the South American country's oil sector to international investment. * Between January and August, Spain imported 2.32 million metric tons of crude from Venezuela, the highest for this period since the 2.39 million
- [Tanker ordered by Iran's IRGC to turn back in Hormuz or risk being hit, UKMTO says](https://boereport.com/2026/10/05/tanker-ordered-by-irans-irgc-to-turn-back-in-hormuz-or-risk-being-hit-ukmto-says/): A tanker transiting the Strait of Hormuz was hailed by Iran's Islamic Revolutionary Guard Corps and instructed to turn back or risk being targeted, United Kingdom Maritime Trade Operations (UKMTO) said on Monday. The tanker complied with the instruction, UKMTO said, adding that the incident occurred 11 nautical miles north of Khasab, Oman. (Reporting by
- [Suncor selling non-core offshore assets to Ithaca Energy](https://boereport.com/2026/10/05/suncor-selling-non-core-offshore-assets-to-ithaca-energy/): CALGARY - Suncor Energy Inc. says it has signed a deal to sell a group of non-core offshore assets to Ithaca Energy plc. Under the agreement, Ithaca will make an upfront payment $1.2 billion plus up to an additional $350 million in contingent payments, based on future oil prices. The deal includes a 48 per
- [Middle East oil exports top pre-war levels in September, but tanker attacks increase](https://boereport.com/2026/10/05/middle-east-oil-exports-top-pre-war-levels-in-september-but-tanker-attacks-increase/): Middle East oil exports exceeded pre-war levels in September, shipping data from Kpler and Vortexa showed on Monday, as Gulf producers ramped up cargoes despite attacks on vessels crossing the Strait of Hormuz. Merchant ships transiting the key chokepoint face a "heightened and increasingly unpredictable kinetic threat" given the recent sharp increase in traffic, Marisks,
- [ConocoPhillips sees oil price floor rising to $70 a barrel, chairman says](https://boereport.com/2026/10/05/conocophillips-sees-oil-price-floor-rising-to-70-a-barrel-chairman-says/): ConocoPhillips Chairman Ryan Lance said on Monday he expects the oil price floor to rise to around $70 per barrel and sees a mid-cycle price of $65 to $70 per barrel for the US West Texas Intermediate crude benchmark. The global oil system bent, but didn't break, due to this year's Middle East conflict, Lance
- [Oil's new problem isn't supply. It's logistics: Bousso](https://boereport.com/2026/10/05/oils-new-problem-isnt-supply-its-logistics-bousso/): Middle East crude exports recently climbed to their highest levels since the start of the Iran war as more Gulf producers resume transit through the Strait of Hormuz – despite the continued threat of Iranian attacks. Yet oil prices remain stubbornly elevated, suggesting logistical problems are proving as disruptive as outright supply losses. Crude flows
- [Another oilsands boom? Smith, Carney say this time Canada will be ready](https://boereport.com/2026/10/02/another-oilsands-boom-smith-carney-say-this-time-canada-will-be-ready/): CALGARY - It's been a relatively quiet decade in Alberta's oilsands, but the federal and provincial governments believe a new West Coast pipeline coupled with policy shifts might help turn up the volume. Prime Minister Mark Carney was in Fort McMurray, Alta., this week to announce the first proposal to be deemed in the national
- [Petrus Resources Declares Monthly Dividend for October 2026](https://boereport.com/2026/10/01/petrus-resources-declares-monthly-dividend-for-october-2026/): CALGARY, Alberta, Oct. 01, 2026 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to confirm that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable October 30, 2026, to shareholders of record on October 15, 2026. The dividend is designated as
- [Iran's oil minister resigns, no reason given](https://boereport.com/2026/10/04/irans-oil-minister-resigns-no-reason-given/): Iran's Oil Minister Mohsen Paknejad has resigned and Hamid Bovard, chief executive of the government-owned National Iranian Oil Company, will be in charge of the ministry as acting minister, state media said on Sunday, without providing a reason for the resignation. Mohsen Paknejad has been the oil minister of the OPEC member country since August
- [Alaska LNG shipping savings justifies billions in investment, developer says](https://boereport.com/2026/10/04/alaska-lng-shipping-savings-justifies-billions-in-investment-developer-says/): Alaska LNG's developer said the project's access to stranded natural gas and shorter shipping routes to Asia will make it competitive with US Gulf Coast rivals, despite questions from some analysts about the project's massive infrastructure costs. When the project is completed, the cost of shipping gas to Asia from Alaska's North Slope would be
- [Saudi Arabia unexpectedly cuts oil prices to Asia](https://boereport.com/2026/10/04/saudi-arabia-unexpectedly-cuts-oil-prices-to-asia/): Saudi Arabia has unexpectedly cut November crude oil prices for Asia while it raised those for northwest Europe and the Mediterranean regions, a pricing document showed on Monday. The largest Middle Eastern crude exporter set the November Arab Light crude oil official selling price to Asia at $5 a barrel below the average of Oman
- [Yemen leader announces major military operations against Iran-backed Houthis](https://boereport.com/2026/10/04/yemen-leader-announces-major-military-operations-against-iran-backed-houthis/): The leader of Yemen's Saudi-backed government announced the beginning of a major military operation against the Iran-backed Houthis on Sunday aimed at seizing the territory under their control. "Today, I announce the start of military operations to retake the remaining territory of the republic and extend the authority of the state and its institutions across
- [Iran says Strait of Hormuz will not reopen until conditions are met](https://boereport.com/2026/10/04/iran-says-strait-of-hormuz-will-not-reopen-until-conditions-are-met/): The Strait of Hormuz will not reopen until seven Iranian conditions set out in a June interim agreement with the US are met, state media reported Iran's parliament speaker Mohammad Baqer Qalibaf as saying on Sunday. Iran presented a proposal during the UN General Assembly under which the Strait of Hormuz waterway could be reopened
- [Trump says US will soon fill its strategic oil stockpile](https://boereport.com/2026/10/03/trump-says-us-will-soon-fill-its-strategic-oil-stockpile/): President Donald Trump said on Friday that the US would soon fill its strategic petroleum reserves. "We're going to be filling up very shortly our strategic reserves, for nothing," Trump said at a rally in Mobile, Alabama. He offered no additional details. (Reporting by Steve Holland in Mobile, Alabama, and Trevor Hunnicutt in Washington; Editing
- [Russia talks on Ukraine involve multi-billion dollar oil deal, NYT reports](https://boereport.com/2026/10/03/russia-talks-on-ukraine-involve-multi-billion-dollar-oil-deal-nyt-reports/): The Trump administration’s talks with Russia on ending the war in Ukraine have expanded to include a multibillion-dollar oil deal that would benefit Middle Eastern business executives with ties to US negotiators Steve Witkoff and Jared Kushner, the New York Times reported on Saturday. The deal, which is contingent on approval from the US government
- [Fire, smoke seen near Aramco facility in Riyadh, witness says](https://boereport.com/2026/10/03/fire-smoke-seen-near-aramco-facility-in-riyadh-witness-says/): A large plume of smoke and fire was seen rising in the vicinity of an Aramco facility in Riyadh on Saturday, a witness told Reuters. There was no immediate confirmation from Saudi authorities about the fire. Aramco did not immediately respond to a request for comment. The fire comes amid escalating hostilities between Saudi Arabia
- [Iraq says it transported 2 million barrels of crude through Strait of Hormuz](https://boereport.com/2026/10/03/iraq-says-it-transported-2-million-barrels-of-crude-through-strait-of-hormuz/): Iraq's state-owned Oil Tanker Company transported 2 million barrels of Iraqi crude aboard a very large crude carrier (VLCC) through the Strait of Hormuz, in what its director general described on Saturday as the company's first such operation in decades. * The announcement means the company is transporting the crude through the strait rather than
- [Alaska LNG could cost more than double Gulf Coast rivals, raising questions over economics](https://boereport.com/2026/10/01/alaska-lng-could-cost-more-than-double-gulf-coast-rivals-raising-questions-over-economics/): US President Donald Trump's push to steer $54 billion of South Korean investment into Alaska LNG is putting a fresh focus on a 20 million-ton-a-year export project that would cost more than twice as much as a comparable US Gulf Coast plant. Trump unveiled the plan on Wednesday as part of a broader $200 billion
- [Trump says he did not 'jump the gun' on South Korea Alaska LNG investment announcement](https://boereport.com/2026/10/02/trump-says-he-did-not-jump-the-gun-on-south-korea-alaska-lng-investment-announcement/): US President Donald Trump said on Friday he did not "jump the gun" on announcing a South Korean investment in Alaska LNG, a liquefied natural gas project that has been planned for decades but still lacks binding commitments. Trump unveiled plans on Wednesday for South Korea to invest $200 billion in US projects, but Seoul
- [Discount on Western Canada Select widens](https://boereport.com/2026/10/02/discount-on-western-canada-select-widens-58/): The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Friday. WCS for November delivery in Hardisty, Alberta, settled at $24.65 a barrel below the US benchmark WTI, according to brokerage CalRock, compared with $24.10 on Thursday. * Group of Seven countries agreed on Friday to release
- [CME Group withdraws filing for 24/7 10-barrel crude oil futures contract](https://boereport.com/2026/10/02/cme-group-withdraws-filing-for-24-7-10-barrel-crude-oil-futures-contract/): CME Group said on Friday it was withdrawing its filing to launch a new 10-barrel crude oil futures contract, citing concerns from industry participants about potential risks from introducing round-the-clock energy trading. Here are more details: * The derivatives exchange operator had planned the contract as a regulated alternative to oil products that already trade
- [Two injured in gas plant fire near Calgary; one in critical condition](https://boereport.com/2026/10/02/two-injured-in-gas-plant-fire-near-calgary-one-in-critical-condition/): CHANCELLOR - Two people have been injured in a gas plant fire in southern Alberta. A spokesperson for STARS air ambulance says a man in his 70s was transported from the plant, about 88 kilometres east of Calgary, to hospital. He was listed in critical condition. Wheatland County Fire Services responded to the fire at
- [G7 to release 100 million barrels of oil in attempt to tame soaring fuel prices](https://boereport.com/2026/10/02/g7-to-release-100-million-barrels-of-oil-in-attempt-to-tame-soaring-fuel-prices/): OTTAWA - Canada and its fellow industrialized countries in the G7 agreed Friday to release 100 million barrels of oil and fuel products in the coming weeks. The pledge includes the release of "substantial" amounts of diesel after prices for the fuel recently hit record highs in the United States. U.S. President Donald Trump's war
- [US energy firms cut rigs for first time in six weeks, says Baker Hughes](https://boereport.com/2026/10/02/us-energy-firms-cut-rigs-for-first-time-in-six-weeks-says-baker-hughes-2/): US energy firms this week cut the number of rigs operating for the first time in six weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The total oil and gas rig count, an early indicator of future output, fell by one to 598 in the week to October 2,
- [South Korea says $8.4 billion oil project mentioned by Trump not part of deal with US, Yonhap reports](https://boereport.com/2026/10/02/south-korea-says-8-4-billion-oil-project-mentioned-by-trump-not-part-of-deal-with-us-yonhap-reports/): A $8.4 billion oil recovery project mentioned by US President Donald Trump is not part of a strategic investment agreement between the US and South Korea, Yonhap reported on Friday, citing an industry ministry official. The official said an inquiry has been sent to the US side through communication channels, according to the report. Trump
- [G7 Leaders' statement on global energy security and market stability](https://boereport.com/2026/10/02/g7-leaders-statement-on-global-energy-security-and-market-stability/): OTTAWA, ON, Oct. 2, 2026 /CNW/ -- "Today, we, the leaders of the G7, convened a virtual meeting to address the deepening challenges to our energy security. Facing unprecedented volatility in oil markets—with surging prices threatening economic stability and the well-being of our citizens—we have agreed on decisive, coordinated measures to stabilise immediate energy supplies, shield
- [Massachusetts governor asks Trump administration to speed natgas pipeline review](https://boereport.com/2026/10/02/massachusetts-governor-asks-trump-administration-to-speed-natgas-pipeline-review/): Massachusetts Governor Maura Healey called on the Trump administration to expedite the review of a natural gas pipeline that a unit of Canadian energy firm Enbridge is developing in New England. After opposing most new fossil fuel projects over the past decade or so, several states in the US Northeast region have become more accepting
- [Saudis plan assault on Houthis to break Red Sea chokehold](https://boereport.com/2026/10/02/saudis-plan-assault-on-houthis-to-break-red-sea-chokehold/): Saudi Arabia is planning an offensive against Iran-backed Houthi militants in Yemen, with options being considered including a coastal push to secure the Red Sea shipping route or an assault on multiple fronts, regional and Western officials told Reuters. The operation, expected to be launched in the coming weeks, will by led by Yemeni forces
- [Noralta Technologies Acquires Assets of Seven H Solutions, Expanding Its Reach into East Texas](https://boereport.com/2026/10/05/noralta-technologies-acquires-assets-of-seven-h-solutions-expanding-its-reach-into-east-texas/): FOR IMMEDIATE RELEASE Acquisition brings nearly a decade of East Texas automation expertise into Noralta’s growing service network, with founder Kyle Hester joining the Noralta team TYLER, TX — September 28, 2026 — Noralta Technologies USA Inc. (“Noralta”), part of the Noralta Technologies group of companies, today announced that it has acquired the assets of
- [Canada to fast track oil pipeline designed to diversify economy away from US](https://boereport.com/2026/10/01/canada-to-fast-track-oil-pipeline-designed-to-diversify-economy-away-from-us/): Canada will fast track the approval process for a new proposed crude oil export pipeline to its west coast that could generate over C$20 billion ($14 billion) a year in GDP, Prime Minister Mark Carney said on Thursday. The pipeline, which was announced in July, is a crucial part of Carney's bid to diversify the
- [Brazil's Petrobras makes new oil discovery off the coast of Amapa](https://boereport.com/2026/10/02/brazils-petrobras-makes-new-oil-discovery-off-the-coast-of-amapa/): Brazilian state-run oil company Petrobras said on Friday it had made a new oil discovery in ultra-deep waters off Amapa state, an area known as equatorial margin that it considers its most promising new oil frontier. According to a securities filing, an oil-bearing interval was found in the Morpho well, marking a new discovery in
- [Trump says US deal with South Korea includes $8.4 billion for oil recovery](https://boereport.com/2026/10/02/trump-says-us-deal-with-south-korea-includes-8-4-billion-for-oil-recovery/): President Donald Trump said on Friday that a US trade deal with South Korea now includes $8.4 billion for an oil recovery project. "The Republic of Korea Deal keeps getting BETTER! 8.4 Billion Dollars for an enhanced Oil Recovery Project. Producing more Oil and Gas means American Energy Dominance and Energy Security in the World
- [Lotus Creek Exploration Inc. Announces August Operational Update to Shareholders](https://boereport.com/2026/10/01/lotus-creek-exploration-inc-announces-august-operational-update-to-shareholders/): Calgary, Alberta--(Newsfile Corp. - October 1, 2026) - Lotus Creek Exploration Inc. (TSXV: LTC) ("Lotus Creek" or the "Company") is pleased to announce that the August Operational Update to Shareholders has been posted to the Company's website and can be accessed via the following link: August Operational Update The Company is committed to providing shareholders with regular
- [Discount on Western Canada Select widens](https://boereport.com/2026/10/01/discount-on-western-canada-select-widens-57/): The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Thursday. WCS for November delivery in Hardisty, Alberta, settled at $24.10 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $21.60 on Wednesday. * Canada will fast track the approval process for a
- [B.C.'s Eby promises relief at gas pumps, while Conservative Doerkson praises pipeline](https://boereport.com/2026/10/01/b-c-s-eby-promises-relief-at-gas-pumps-while-conservative-doerkson-praises-pipeline/): VICTORIA - Promises to lower the cost of gasoline from B.C. New Democrat Leader David Eby, and praise for a planned pipeline from Conservative interim leader Lorne Doerkson fuelled British Columbia's snap election campaign on Thursday. Eby's platform for relief at the gas pumps comes in two parts: a temporary reduction of the provincial motor
- [ConocoPhillips signs 20-year LNG deal with Venture Global](https://boereport.com/2026/10/01/conocophillips-signs-20-year-lng-deal-with-venture-global/): Venture Global and ConocoPhillips said on Thursday they had signed a 20-year liquefied natural gas (LNG) supply agreement under which ConocoPhillips will buy 1 million tonnes a year of LNG starting in 2030. The deal comes as ConocoPhillips looks to bolster its LNG portfolio while challenges stemming from the Iran conflict have affected QatarEnergy's LNG
- [CAPP Statement on West Coast Oil Pipeline National Interest Designation: Growing Oil Exports Will Help Secure our Economic Sovereignty ](https://boereport.com/2026/10/01/capp-statement-on-west-coast-oil-pipeline-national-interest-designation-growing-oil-exports-will-help-secure-our-economic-sovereignty/): "The Canadian Association of Petroleum Producers (CAPP) welcomes the federal government's decision to designate the West Coast pipeline project known as Pacific Link as being in the national interest. This is a significant milestone that recognizes the importance of energy infrastructure to Canada's economic growth, energy security and long-term prosperity. As domestic and global demand
- [A timeline for Pacific Link, the 'national interest' Alberta-B.C. pipeline plan](https://boereport.com/2026/10/01/a-timeline-for-pacific-link-the-national-interest-alberta-b-c-pipeline-plan/): CALGARY - A new million-barrel-per-day oilsands pipeline to the West Coast is the first to be deemed a project of national interest — a key step if the proposal is to advance. Prime Minister Mark Carney and Alberta Premier Danielle Smith announced the designation in the oilsands hub of Fort McMurray, Alta., on Thursday. Smith
- [Project of national interest listing: Premier Smith](https://boereport.com/2026/10/01/project-of-national-interest-listing-premier-smith/): Premier Danielle Smith issued the following statement on the listing of the proposed oil pipeline to the west coast, now called Pacific Link, as a project of national interest: On this page: Key facts: Multimedia “Today marks a significant victory for Alberta’s and Canada’s energy future. The listing of Pacific Link as a project of
- [Pacific Link Listed as a Project of National Interest](https://boereport.com/2026/10/01/pacific-link-listed-as-a-project-of-national-interest/): CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA), along with the Governments of Alberta and Canada, and Trans Mountain Corporation, today marked a key milestone on the West Coast Oil Pipeline, now called Pacific Link (the "Project"), following its listing by the Government of Canada as a Project of National
- [Pacific Link Welcomes Project of National Interest Listing as Next Step to Connect Canada to Global Energy Markets](https://boereport.com/2026/10/01/pacific-link-welcomes-project-of-national-interest-listing-as-next-step-to-connect-canada-to-global-energy-markets/): Fort McMurray, Alberta--(Newsfile Corp. - October 1, 2026) - The proponents of the West Coast Oil Pipeline, which the proponents intend to refer to as Pacific Link, welcome the Government of Canada's listing of the pipeline as a Project of National Interest under the Building Canada Act. Pacific Link will connect Alberta's abundant oil resources
- [Prime Minister Carney lists the West Coast Oil Pipeline, now known as Pacific Link, as a project of national interest to unlock Canada's full potential as a global energy superpower](https://boereport.com/2026/10/01/prime-minister-carney-lists-the-west-coast-oil-pipeline-now-known-as-pacific-link-as-a-project-of-national-interest-to-unlock-canadas-full-potential-as-a-global-energy-superpower/): FORT MCMURRAY, AB, Oct. 1, 2026 /CNW/ -- Today, the world faces an energy crisis across three dimensions: our cost of living, our climate, and our sovereignty increasingly depend on our nation's ability to supply and control its own energy. More than any other country, Canada is positioned to become the leading supplier of clean
- [Carney expected to announce decision on pipeline's national interest designation](https://boereport.com/2026/10/01/carney-expected-to-announce-decision-on-pipelines-national-interest-designation/): OTTAWA - Prime Minister Mark Carney is expected to announce Thursday that an oil pipeline to the West Coast will be designated as a project of national interest under the Building Canada Act. Carney is scheduled to be in Fort McMurray, Alta., with Alberta Premier Danielle Smith to deliver the news. It would be the
- [Trican Well Service Ltd. Announces Third Quarter 2026 Conference Call](https://boereport.com/2026/10/01/trican-well-service-ltd-announces-third-quarter-2026-conference-call/): Calgary, Alberta--(Newsfile Corp. - October 1, 2026) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") intends to release its Third Quarter 2026 results on Tuesday, October 27, 2026 after the close of the market. The Company will host a conference call on Wednesday October 28, 2026 at 10:00 a.m. MT (12:00 p.m.
- [MidOcean Concludes 2026 Equity Raise, Securing More Than $4 Billion of Equity Commitments to Accelerate Global LNG Growth Strategy](https://boereport.com/2026/10/01/midocean-concludes-2026-equity-raise-securing-more-than-4-billion-of-equity-commitments-to-accelerate-global-lng-growth-strategy/): LONDON & WASHINGTON--(BUSINESS WIRE)--MidOcean Energy ("MidOcean" or the "Company"), a liquefied natural gas (LNG) company formed and managed by EIG, today announced the conclusion of its 2026 equity capital raise, securing more than $4 billion of closed and pending commitments over the last 12 months from new strategic and institutional investors, as well as significant
- [If a bruising third quarter can’t halt Wall Street, what can?: McGeever](https://boereport.com/2026/10/01/if-a-bruising-third-quarter-cant-halt-wall-street-what-can-mcgeever/): Wednesday closed the books on an extraordinary quarter. A 40% rebound in Brent crude oil, record-high diesel prices, bond yields at 20-year highs and AI's threat to wipe out humanity gave investors no shortage of reasons to retrench. Yet faced with that formidable wall of worry, US and world stocks still scaled fresh record highs.
- [Centrica and Ksi Lisims LNG sign Heads of Agreement for long-term LNG supply](https://boereport.com/2026/09/30/centrica-and-ksi-lisims-lng-sign-heads-of-agreement-for-long-term-lng-supply/): Press Release September 30, 2026 • Centrica Energy to purchase 1 mtpa of LNG from Ksi Lisims LNG on a free-on-board basis for 20 years. • Agreement reinforces Centrica's strategy of building a balanced, resilient global LNG portfolio through long-term agreements with trusted partners and demonstrates Centrica Energy’s growing role in Asian LNG markets. •
- [Enerflex Ltd. Announces Contract Award for Large-Scale Data Center Development](https://boereport.com/2026/10/01/enerflex-ltd-announces-contract-award-for-large-scale-data-center-development/): CALGARY, Alberta, Oct. 01, 2026 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) today announces the award of a major Engineered Systems (“ES”) project. The Company has been contracted to design, engineer, fabricate, and assemble approximately 450 megawatts of behind-the-meter natural gas-fired power generation units for a North American data
- [Global bonds gripped by fresh selling, US 10-year yield hits 24-year high](https://boereport.com/2026/10/01/global-bonds-gripped-by-fresh-selling-us-10-year-yield-hits-24-year-high/): Global bonds were engulfed by heavy selling again on Thursday, with borrowing costs for governments from the US to France and Japan surging to levels not seen in decades and stocks shaken as the turmoil began to spill into broader markets. The 10-year US Treasury yield, a yardstick for global borrowing costs and asset prices,
- [InPlay Oil Corp. Confirms Monthly Dividend for October 2026](https://boereport.com/2026/10/01/inplay-oil-corp-confirms-monthly-dividend-for-october-2026/): CALGARY, AB, Oct. 1, 2026 /CNW/ -- InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to confirm that its Board of Directors has declared a monthly cash dividend of $0.09 per common share payable on October 30, 2026, to shareholders of record at the close of business on October 15,
- [Pulse Seismic Reports Strong Preliminary Third Quarter 2026 Revenue](https://boereport.com/2026/09/30/pulse-seismic-reports-strong-preliminary-third-quarter-2026-revenue/): CALGARY, Alberta, Sept. 30, 2026 (GLOBE NEWSWIRE) -- Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) today announced preliminary third quarter 2026 revenue results. The Company expects to issue and file its financial results for the three and nine months ended September 30, 2026 on SEDAR+ (www.sedarplus.ca) and will make them available on Pulse’s
- [Ovintiv Renews Annual Share Buy-Back Program](https://boereport.com/2026/10/01/ovintiv-renews-annual-share-buy-back-program-5/): Company Receives TSX Approval for Renewal of Normal Course Issuer Bid DENVER, Oct. 1, 2026 /PRNewswire/ -- Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced it has received regulatory approvals for the renewal of its share buy-back program. This action is consistent with Ovintiv's capital allocation framework, which commits to returning 50% to 100%
- [Paramount Resources Ltd. Announces October Dividend](https://boereport.com/2026/10/01/paramount-resources-ltd-announces-october-dividend-4/): CALGARY, AB, Oct. 1, 2026 /CNW/ -- Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on October 30, 2026 to shareholders of record on October 15, 2026. The dividend will
- [Albertans could save cash at the pumps as gas tax holiday begins](https://boereport.com/2026/10/01/albertans-could-save-cash-at-the-pumps-as-gas-tax-holiday-begins/): EDMONTON - Albertans filling their tanks may soon be saving cash as the province's gas tax holiday starts today. Premier Danielle Smith's government is pausing its tax of 13 cents per litre on gasoline and diesel until the end of the year to ease the pressure of high everyday costs. It comes as the oil-rich
- [Trump says he is still considering diesel export ban](https://boereport.com/2026/09/30/trump-says-he-is-still-considering-diesel-export-ban/): US President Donald Trump said on Wednesday that he has conversations about banning diesel exports "every day" as the White House races to curb soaring energy prices. Speaking from the Oval Office, Trump said that an export ban would "have a negative impact on gasoline" prices, but could lower diesel costs. He said the Ukraine-Russia
- [Trican Well Service Ltd. Announces Renewal of Normal Course Issuer Bid Program for 2026-2027](https://boereport.com/2026/09/30/trican-well-service-ltd-announces-renewal-of-normal-course-issuer-bid-program-for-2026-2027/): Calgary, Alberta--(Newsfile Corp. - September 30, 2026) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted its application to renew its normal course issuer bid ("NCIB"). The NCIB allows for Trican to purchase up to 18,057,151 Common Shares, representing 10% of the
- [Tourmaline eyes strategic opportunity to buy back its own shares - StackDX Intel](https://boereport.com/2026/09/29/tourmaline-eyes-strategic-opportunity-to-buy-back-its-own-shares-stackdx-intel/): Tourmaline has returned billions of dollars to shareholders in recent years, but very little of that money has gone toward buying back its own shares. Traditionally, the company has used a base dividend plus special dividends when free cash flow is abundant. But that's about to change. Tourmaline and Topaz recently announced a secondary offering
- [Is the US security umbrella closing?](https://boereport.com/2026/09/30/is-the-us-security-umbrella-closing/): By Andrew Mills Sept 30 - A flydubai flight from Dubai to Tel Aviv transmitted emergency signals over Jordanian airspace on Wednesday morning, diverting to Saudi Arabia, initially raising fears of a potential hijacking. The Boeing 737 landed safely at Tabuk airport. What appears to have occurred is a physical altercation between the pilots in
- [Alberta extends deadline by one month to apply for $100 affordability rebate](https://boereport.com/2026/09/30/alberta-extends-deadline-by-one-month-to-apply-for-100-affordability-rebate/): EDMONTON - Alberta's government is extending the application deadline for its $100 affordability rebate by one month. Eligible residents will have until Oct. 31 to apply online for the fuel tax payments announced in June. Also, starting Thursday, the province is pausing its fuel tax for three months to help combat the cost at the
- [Soft economy should limit Bank of Canada's rate hikes: Capital Economics](https://boereport.com/2026/09/30/soft-economy-should-limit-bank-of-canadas-rate-hikes-capital-economics/): Trade uncertainty and slowing immigration levels could restrict how high the Bank of Canada's benchmark interest rate goes next year, according to a new report published by Capital Economics on Wednesday. The report argues that the risks plaguing Canada's growth prospects will likely rein in inflationary pressures — limiting the degree of monetary policy tightening
- [US crude oil output rose in July, while petroleum demand declined, EIA says](https://boereport.com/2026/09/30/us-crude-oil-output-rose-in-july-while-petroleum-demand-declined-eia-says/): US crude oil output rose in July, while demand for crude oil and petroleum products declined, the US Energy Information Administration (EIA) said in its Petroleum Supply Monthly (PSM) report on Wednesday. Crude output climbed to 13.95 million barrels per day (bpd) in July, up from 13.84 million bpd in June. The monthly record high
- [Ksi Lisims LNG signs long-term supply deal with Centrica Energy](https://boereport.com/2026/09/30/ksi-lisims-lng-signs-long-term-supply-deal-with-centrica-energy/): VANCOUVER - Ksi Lisims LNG LP has signed a long-term supply deal with Centrica Energy for its proposed liquefied natural gas export facility. Under the agreement, the parent company behind British Gas will buy one million tonnes of LNG per year for 20 years. Ksi Lisims LNG has proposed a floating export facility located on
- [US crude stocks rise, gasoline and distillate inventories fall - EIA](https://boereport.com/2026/09/30/us-crude-stocks-rise-gasoline-and-distillate-inventories-fall-eia-7/): US crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 922,000 barrels to 427.3 million barrels in the week ended September 25, the EIA said, compared with analysts' expectations in a Reuters poll for a 264,000-barrel draw. Crude stocks at the Cushing,
- [US oil and gas production rises in Q3 2026 but price uncertainty plagues producers, Dallas Fed survey says](https://boereport.com/2026/09/30/us-oil-and-gas-production-rises-in-q3-2026-but-price-uncertainty-plagues-producers-dallas-fed-survey-says/): Oil and gas production in the key producing states of Texas, Louisiana and New Mexico rose in the third quarter of 2026, the Dallas Fed said in a survey on Wednesday, but the now seven-month old Iran war continues to rock energy markets and inject uncertainty into producers' plans. The rise in production comes as
- [Trio Petroleum announces Lloydminster acquisition with Cummings multilateral oil well and workover production growth opportunity](https://boereport.com/2026/09/30/trio-petroleum-announces-lloydminster-acquisition-with-cummings-multilateral-oil-well-and-workover-production-growth-opportunity/): Boca Raton, Florida., Sept. 30, 2026 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: TPET) ("Trio" or the "Company"), today announced the acquisition by its Canadian subsidiary of 24 oil wells, with 4 producing and 20 shut-in heavy-oil assets, from Marlin Resources Ltd. ("Marlin"), an active operator in Saskatchewan's Lloydminster region. The acquisition would combine
- [LNG Canada Announces Phase 2 Final Investment Decision](https://boereport.com/2026/09/29/lng-canada-announces-phase-2-final-investment-decision/): VANCOUVER, BC, Sept. 28, 2026 /CNW/ -- LNG Canada today announced that its Joint Venture Participants (JVPs) – Shell, PETRONAS, PetroChina, Mitsubishi Corporation and KOGAS – have taken a Final Investment Decision (FID) on the LNG Canada Phase 2 expansion project in Kitimat, British Columbia, in the traditional territory of the Haisla Nation. The decision
- [Your Benefits Package Was Built for an Office. Half Your Workforce Works in the Field.](https://boereport.com/2026/10/01/your-benefits-package-was-built-for-an-office-half-your-workforce-works-in-the-field/): With energy employers competing for experienced field talent, they may be overlooking one of their most important retention tools: benefits designed around how their people actually live and work. Energy companies run on people working in very different settings: head offices, regional operations centres, remote sites and camps. For those in the field, that can
- [Oil executives worried over lack of essential element for Venezuela expansion: power](https://boereport.com/2026/09/30/oil-executives-worried-over-lack-of-essential-element-for-venezuela-expansion-power/): Executives gathered in Caracas this week for the first large energy conference since Washington launched a $100 billion reconstruction effort for Venezuela's oil industry are warning about slow progress to clear the biggest obstacle for their expansion projects: unreliable power. With an unresolved electricity deficit of more than 1,500 megawatts (MW), the OPEC country's long-standing
- [Trump expected to announce $54 billion South Korea investment in Alaska LNG, sources say](https://boereport.com/2026/09/30/trump-expected-to-announce-54-billion-south-korea-investment-in-alaska-lng-sources-say/): President Donald Trump is expected to announce on Wednesday plans to tap South Korea's pledged $350 billion strategic investment package for about $54 billion to help build a liquefied natural gas facility in Alaska and fund other U.S. projects, according to two people familiar with the discussions. The announcement would be part of a series
- [Oil gains after Trump denies he is willing to ease sanctions on Iran](https://boereport.com/2026/09/29/oil-gains-after-trump-denies-he-is-willing-to-ease-sanctions-on-iran/): Oil prices rose on Wednesday after US President Donald Trump denied he would be willing to ease sanctions on Iran while Qatar pushed for peace talks, after falling in the previous session on a recovery in crude supply from the Middle East. The Brent futures November contract, which is expiring on Wednesday, rose 71 cents,
- [Plains All American Pipeline and Plains GP Holdings Announce Appointment of New Chief Operating Officer](https://boereport.com/2026/09/29/plains-all-american-pipeline-and-plains-gp-holdings-announce-appointment-of-new-chief-operating-officer/): HOUSTON, Sept. 29, 2026 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) (collectively, “Plains”) announced that Dean Liollio has been appointed to serve as Executive Vice President and Chief Operating Officer of Plains effective as of October 2, 2026. Mr. Liollio replaces Chris Chandler, the current EVP and
- [How the US controls Iraq's oil revenues](https://boereport.com/2026/09/30/how-the-us-controls-iraqs-oil-revenues/): US forces are set to withdraw on Wednesday from their last bases in Iraq, a departure celebrated as a victory by Iran and its allies, which ​have deep influence in the country where 4,500 Americans died during more than two decades of war. Still, since its 2003 invasion of Iraq, the US has held effective
- [Gulf crude oil exports return to 2025 level, Goldman Sachs says](https://boereport.com/2026/09/30/gulf-crude-oil-exports-return-to-2025-level-goldman-sachs-says/): Goldman Sachs estimates Gulf oil exports, including "dark exports" involving ships operating with their location transponders turned off, have recovered to 23.3 million barrels per day over the last week, in line with their 2025 average, as exports doubled in September, it said in a note on Tuesday. It noted that the recovery was driven
- [What is Alaska LNG and why does the project face doubts?](https://boereport.com/2026/09/30/what-is-alaska-lng-and-why-does-the-project-face-doubts/): President Donald Trump could unveil plans as soon as Wednesday to tap South Korea's pledged strategic investment package for about $54 billion to build a liquefied natural gas project in Alaska, as he rolls out a series of economic initiatives ahead of November's midterm elections. WHAT IS THE ALASKA LNG PROJECT? The Alaska LNG project
- [EIG’s MidOcean Energy to Participate in LNG Canada Phase 2](https://boereport.com/2026/09/29/__trashed-1905/): LONDON & WASHINGTON--(BUSINESS WIRE)--MidOcean Energy (“MidOcean”), a liquefied natural gas (“LNG”) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced its participation in Phase 2 of LNG Canada through its partnership with PETRONAS, following the Final Investment Decision (FID) by the LNG Canada joint venture
- [Canada investing C$1.2 billion to boost marine protection, cays Carney](https://boereport.com/2026/09/29/canada-investing-c1-2-billion-to-boost-marine-protection-cays-carney/): Canada will invest an additional C$1.2 billion to protect marine life and strengthen conservation enforcement in the face of increasing tanker traffic, Prime Minister Mark Carney said on Tuesday. The money will help improve seabed mapping, weather forecasting and the capacity to monitor marine traffic, he told reporters in Vancouver. (Reporting by David Ljunggren, editing
- [Coelacanth Energy Announces Completion of its Private Placement](https://boereport.com/2026/09/29/coelacanth-energy-announces-completion-of-its-private-placement/): CALGARY, AB, Sept. 29, 2026 /CNW/ -- Coelacanth Energy Inc. (the "Company" or "Coelacanth") (TSXV: CEI) is pleased to announce, further to its news release dated September 21, 2026 and in conjunction with the previously announced hiring of Jonathon Hanson as VP Engineering, it has closed its previously announced non-brokered private placement offering (the "Offering") pursuant
- [Trump set to tout Korean investment in Alaska LNG, other projects](https://boereport.com/2026/09/29/trump-set-to-tout-korean-investment-in-alaska-lng-other-projects/): President Donald Trump could announce as soon as Wednesday that his administration intends to use South Korea's strategic investment fund for several major US projects including roughly $54 billion for the planned Alaska LNG facility, according to two people familiar with the discussions. The move would come as part of a flurry of economic and
- [AER releases annual Alberta Energy Outlook](https://boereport.com/2026/09/29/aer-releases-annual-alberta-energy-outlook/): The Alberta Energy Regulator has released its latest Alberta Energy Outlook (ST98), providing a comprehensive source of data on the province’s oil, natural gas and broader energy sector. Published annually, ST98 includes the AER’s latest information on Alberta’s hydrocarbon reserves along with supply and demand outlooks for crude bitumen, conventional crude oil, natural gas, natural
- [Trump says he does not know if Iran is going to 'give up yet'](https://boereport.com/2026/09/29/trump-says-he-does-not-know-if-iran-is-going-to-give-up-yet/): President Donald Trump said on Tuesday he does not know if Iran is going to "give up yet" but cast the country as doing "very poorly" in its war with the US. DETAILS AND QUOTES: * "I don't know if they are going to give up yet but they'll give up," Trump told reporters. *
- [Record supply, strong El Nino seen weighing on US natgas prices this winter](https://boereport.com/2026/09/29/record-supply-strong-el-nino-seen-weighing-on-us-natgas-prices-this-winter/): US natural gas is expected to be cheaper this winter than last, with a strong El Nino weather pattern curbing demand and ample production keeping supplies well balanced, analysts said. Lower gas prices during peak heating months of December to February could ease heating costs and help contain electricity prices, offering some relief to consumers
- [BP proposes six-year labor contract at Whiting refinery](https://boereport.com/2026/09/29/bp-proposes-six-year-labor-contract-at-whiting-refinery/): BP said on Tuesday it is proposing a six-year labor contract for workers at its 440,000-barrel-per-day Whiting refinery in Indiana as negotiations with United Steelworkers (USW) Local 7-1 continue. * The company said the six-year term would provide stability for the refinery and employees. * "6-year term would give you certainty in your pay, your
- [Prime Minister Carney welcomes LNG Canada Phase 2, the second-largest single private investment in Canadian history](https://boereport.com/2026/09/29/prime-minister-carney-welcomes-lng-canada-phase-2-the-second-largest-single-private-investment-in-canadian-history/): VANCOUVER, BC, Sept. 29, 2026 /CNW/ -- In a more dangerous and divided world, a confident Canada is choosing to build. We are accelerating major projects – new ports, mines, energy and trade corridors – that will responsibly unlock our resources, connect our economy, and get our exports to markets around the world faster. We
- [US to release 40 million barrels of crude from Strategic Petroleum Reserve, Energy Department says](https://boereport.com/2026/09/29/us-to-release-40-million-barrels-of-crude-from-strategic-petroleum-reserve-energy-department-says/): The US Government said on Tuesday it is offering to loan energy companies up to 40 million barrels of oil from the Strategic Petroleum Reserve, the last US batch of crude from a global deal to unleash reserves in the wake of the war on Iran. Washington agreed in March to loan 172 million barrels
- [New oil and gas jobs from BOE Report Jobs](https://boereport.com/2026/09/29/new-oil-and-gas-jobs-from-boe-report-jobs-502/): Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title
- [BP appoints Ben Monaghan as M&A chief from early 2027](https://boereport.com/2026/09/29/bp-appoints-ben-monaghan-as-ma-chief-from-early-2027/): BP has appointed former JPMorgan banker Ben Monaghan as senior vice president for mergers and acquisitions and business development from early 2027, a BP spokesperson said on Tuesday. Meg O’Neill, who became CEO in April, has prioritised a more disciplined approach to investment, saying decisions must be rooted in profitability, cash generation and market realities.
- [Canadian Oil Sands Production Expected to Grow for 25th Straight Year, Reaching New Record](https://boereport.com/2026/09/29/canadian-oil-sands-production-expected-to-grow-for-25th-straight-year-reaching-new-record/): Potential shift towards new construction adds upside to longer-term outlook, S&P Global Energy analysis says CALGARY, AB, Sept. 29, 2026 /PRNewswire/ -- Canadian oil sands production is expected to average a record 3.5 million barrels per day in 2026 - a 100,000 b/d (3%) increase from the previous year, according to the latest S&P
- [GeoPark to invest $7 billion to lift output at Venezuelan oilfield](https://boereport.com/2026/09/29/geopark-to-invest-7-billion-to-lift-output-at-venezuelan-oilfield/): Colombia's oil and gas producer GeoPark is planning a $7 billion investment in Venezuela's large Bare oilfield to increase crude output there to some 90,000 barrels per day by 2038 from a current 11,000 bpd, the company's chief executive, Felipe Bayon, said on Tuesday. With 15.7 billion barrels of original oil in place, Bare will
- [July GDP was flat despite construction, utilities gains: StatCan](https://boereport.com/2026/09/29/july-gdp-was-flat-despite-construction-utilities-gains-statcan/): OTTAWA - Statistics Canada said gross domestic product growth was essentially unchanged in July, coming down from a strong second quarter for the economy. The agency said the result came despite a 1.3 per cent gain for the construction sector in July, which marked its fourth consecutive month of growth after declines in late 2025
- [News Inoculant](https://boereport.com/2026/09/29/news-inoculant/): It seems a safe assumption that people are not dealing all that well with the current global state of affairs. Fair enough, there are two significant wars going on, that directly or indirectly involve the world’s superpowers, and that is a fairly reasonable justification for having one’s cage rattled right there. Compounding the problem is
- [CAPP Statement: LNG Canada Phase 2 decision shows that Canada is ready to become an energy superpower](https://boereport.com/2026/09/29/capp-statement-lng-canada-phase-2-decision-shows-that-canada-is-ready-to-become-an-energy-superpower/): "The Canadian Association of Petroleum Producers (CAPP) congratulates LNG Canada and its partners on reaching a final investment decision for Phase 2, marking another historic milestone for Canada's growing LNG export industry. Amid intensifying global competition, this decision sends a powerful signal Canada is a destination for world-scale investment and our country is ready to
- [Coastal GasLink Phase 2 to proceed following LNG Canada Final Investment Decision](https://boereport.com/2026/09/29/coastal-gaslink-phase-2-to-proceed-following-lng-canada-final-investment-decision/): Project will enable more Canadian natural gas to meet growing global LNG demand CALGARY, Alberta, Sept. 29, 2026 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) today announced Coastal GasLink (CGL) Phase 2 will proceed following LNG Canada and its joint venture participants’ positive Final Investment Decision (FID) on the expansion of the LNG
- [Westgate Energy Inc. Announces Closing of $6.9 Million Bought Deal LIFE Offering](https://boereport.com/2026/09/29/westgate-energy-inc-announces-closing-of-6-9-million-bought-deal-life-offering/): /THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ CALGARY, AB, Sept. 29, 2026 /CNW/ -- Westgate Energy Inc. (the "Company" or "Westgate") (TSXV: WGT) is pleased to announce that, further to its press releases dated September 15, 2026 and September 17, 2026,
- [Mideast oil exports rebound in September as Saudi Arabia boosts shipments](https://boereport.com/2026/09/28/mideast-oil-exports-rebound-in-september-as-saudi-arabia-boosts-shipments-2/): Crude oil exports from key Middle East producers rebounded in September to 16.328 million barrels per day (bpd), the highest since the US-Israeli war on Iran started in late February, data from Kpler showed on Monday, as Saudi Arabia and the United Arab Emirates boosted exports. The rebound came following a recovery in exports via
- [Trump denies offering Iran sanctions relief, Tehran says ready for talks](https://boereport.com/2026/09/29/trump-denies-offering-iran-sanctions-relief-tehran-says-ready-for-talks/): US President Donald Trump said he has offered Iran nothing to end the war, rejecting media reports that cited US officials saying he was willing to ease sanctions and release frozen funds for "concrete" steps regarding Iran's nuclear programme. "This is untrue. I offered them NOTHING," Trump wrote on Truth Social on Monday. Axios and
- [Shell-led LNG Canada greenlights Phase 2 expansion, doubling export capacity](https://boereport.com/2026/09/29/shell-led-lng-canada-greenlights-phase-2-expansion-doubling-export-capacity/): Shell and its partners on Tuesday gave the green light to a LNG Canada Phase 2 expansion in Kitimat, British Columbia, a multi-billion-dollar bet that will double the facility's production capacity to 28 million tonnes per annum (mtpa) and put Canada on a trajectory to become one of the world's largest LNG exporters. * The
- [Iran's Revolutionary Guards call Trump a 'big liar'](https://boereport.com/2026/09/29/irans-revolutionary-guards-call-trump-a-big-liar/): An Iranian Revolutionary Guards spokesperson on Tuesday called US President Donald Trump a "big liar", accusing him of concealing the truth from Americans about Iran's nuclear programme and the effectiveness of Iran's blockade of energy supplies from the Gulf. Among his reasons for waging war on Iran, Trump has cited the need to ensure that
- [Alternative capital powers America's next wave of LNG and pipeline projects](https://boereport.com/2026/09/29/alternative-capital-powers-americas-next-wave-of-lng-and-pipeline-projects/): Alternative asset managers deploying cash from their insurance arms are reshaping how America's energy infrastructure is financed, emerging as major backers of LNG export projects and the pipelines moving crude and natural gas around the country. The influx of cash is dominated by a trio of the finance world's biggest names: Apollo Global Management, Blackstone
- [LNG Canada to go ahead with Phase 2 expansion project in Kitimat, B.C.](https://boereport.com/2026/09/29/lng-canada-to-go-ahead-with-phase-2-expansion-project-in-kitimat-b-c/): VANCOUVER - LNG Canada says it will go ahead with the Phase 2 expansion project at its liquefied natural gas export terminal in Kitimat, B.C. The expansion will double LNG Canada's capacity to 28 million tonnes a year. It is one of the five initial projects that was referred to Ottawa's major projects office last
- [TC Energy advances Coastal GasLink after LNG Canada decision](https://boereport.com/2026/09/29/tc-energy-advances-coastal-gaslink-after-lng-canada-decision/): TC Energy said on Tuesday its Coastal GasLink Phase 2 project will proceed after LNG Canada and its joint venture partners made a positive final investment decision on the LNG Canada expansion project. Here are more details * The company said Coastal GasLink (CGL) Phase 2 will nearly double the pipeline's capacity through the addition
- [Cash-rich oil majors face post-Iran strategy rethink: Bousso](https://boereport.com/2026/09/28/cash-rich-oil-majors-face-post-iran-strategy-rethink-bousso/): The world's biggest energy companies are poised to deliver another quarter of bumper profits, fuelled by record refining margins. Flush with cash, Big Oil now needs to chart a course for future growth in a world reshaped by the Middle East crisis. Big Oil has seen its cash coffers balloon this year. The five largest
- [Enserva hosts Speakers Series with Alberta and Ontario premiers to discuss Canada’s energy and economic future](https://boereport.com/2026/09/28/enserva-hosts-speakers-series-with-alberta-and-ontario-premiers-to-discuss-canadas-energy-and-economic-future/): Premier Danielle Smith and Premier Doug Ford join business leaders to examine how Canada can strengthen its energy security, economic competitiveness and position in global markets CALGARY, Alberta, Sept. 28, 2026 (GLOBE NEWSWIRE) -- Today, Alberta Premier Danielle Smith and Ontario Premier Doug Ford joined business and energy leaders in Calgary for the 2026 Enserva
- [Canada energy regulator approves Trans Mountain tolls settlement](https://boereport.com/2026/09/28/canada-energy-regulator-approves-trans-mountain-tolls-settlement/): The Canada Energy Regulator on Monday approved Trans Mountain's negotiated tolls settlement, finding the tolls just and reasonable and setting a new framework for tariffs and transportation services on the pipeline system. The decision allows up to 90% of the pipeline's capacity to be contracted to shippers, up from 80%, the regulator said. * The
- [Party leaders make economic, budget promises in Week 2 of B.C. election campaign](https://boereport.com/2026/09/28/party-leaders-make-economic-budget-promises-in-week-2-of-b-c-election-campaign/): VICTORIA - Resource development and making British Columbia an "energy superpower" to grow the economy would allow for a new provincial government to pay down the record deficit, both the NDP and Conservative party leaders said on the campaign trail Monday. Interim Conservative leader Lorne Doerkson promised to double liquefied natural gas production by 2032,
- [Energy regulator approves Trans Mountain toll settlement](https://boereport.com/2026/09/28/energy-regulator-approves-trans-mountain-toll-settlement/): CALGARY - The Canada Energy Regulator has approved a settlement between Trans Mountain Corp. and companies that pay to ship their oil through the Alberta-to-British Columbia pipeline. A commission of the regulator found the agreed-to tolls were "just and reasonable." The decision allows Trans Mountain to contract up to 90 per cent of the pipeline's
- [Comstock announces signing of framework agreement for $1.65 billion strategic partnership with SOCAR](https://boereport.com/2026/09/28/comstock-announces-signing-of-framework-agreement-for-1-65-billion-strategic-partnership-with-socar/): FRISCO, TX, Sept. 28, 2026 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE and NYSE Texas: CRK) ("Comstock" or the "Company") announced today that in conjunction with the Azerbaijan International Investment Forum, Comstock and SOCAR entered into a Framework Agreement memorializing the previously announced strategic partnership and SOCAR's $1.65 billion investment in the Haynesville Shale, North
- [CER approves Trans Mountain settlement, establishing a new framework for tolls](https://boereport.com/2026/09/28/cer-approves-trans-mountain-settlement-establishing-a-new-framework-for-tolls/): CALGARY, AB, Sept. 28, 2026 /CNW/ -- The Commission of the CER has approved Trans Mountain's Tolls Settlement. This decision [Filing C41001] approves a new framework for how tolls, tariffs, and transportation services are managed on the Trans Mountain Pipeline System. Tolls are the fees a pipeline company charges customers to ship products, such as
- [Trump says US will win Iran war 'very soon'](https://boereport.com/2026/09/28/trump-says-us-will-win-iran-war-very-soon/): US President Donald Trump told reporters that United States officials talked with mediators trying to end Washington's war with Iran on Monday, adding the US will win the Iran war "very soon." "We're going to win, as far as I'm concerned, it's going to be one way or the other," Trump said in the Oval
- [Sour Gas, Tight Specs & Million-Dollar Stakes: How a FEED study supported a producer's critical decision](https://boereport.com/2026/09/29/sour-gas-tight-specs-million-dollar-stakes-how-a-feed-study-supported-a-producers-critical-decision/): Sour reservoirs are becoming the rule, not the exception, and the gas specifications operators must hit to move that gas to market keep getting tighter. Pipeline specifications across North America and global LNG markets are enforcing lower allowable sulfur limits for both H2S and mercaptans, a trend that is especially pronounced anywhere downstream catalysts are
- [US Supreme Court's Alito won't participate in climate case involving oil companies](https://boereport.com/2026/09/28/us-supreme-courts-alito-wont-participate-in-climate-case-involving-oil-companies/): US Supreme Court Justice Samuel Alito will not participate in an upcoming case involving a bid by oil companies to scuttle a lawsuit seeking to hold them liable for helping fuel climate change, a court official said on Monday. Alito owns stock in several oil and gas companies but not Exxon Mobil and Suncor Energy,
- [Oil heads higher as US-Iran peace talks in stalemate](https://boereport.com/2026/09/27/oil-heads-higher-as-us-iran-peace-talks-in-stalemate/): Oil prices rebounded more than 1% on Monday after US President Donald Trump rejected a peace deal from Iran to resolve their conflict and reopen the Strait of Hormuz, keeping tensions in the Middle East elevated. Brent crude futures rose $1.32, or 1.27%, to $105.64 a barrel by 0036 GMT while US West Texas Intermediate
- [US finalizes new lower fuel economy standards in boost for gas-powered vehicles](https://boereport.com/2026/09/28/us-finalizes-new-lower-fuel-economy-standards-in-boost-for-gas-powered-vehicles/): The Trump administration on Monday finalized new lower vehicle fuel economy standards, in the latest effort to make it easier for automakers to sell gas-powered vehicles and to reverse a push by the Biden administration to force automakers to build more fuel-efficient vehicles. The new standards will cut the cost of new vehicles but increase
- [US natgas futures fall as West Virginia pipe returns, Northeast spot drops to multi-year lows ](https://boereport.com/2026/09/28/us-natgas-futures-fall-as-west-virginia-pipe-returns-northeast-spot-drops-to-multi-year-lows/): US natural gas futures fell about 3% on Monday on expectations daily output will soon rise with the return to service of the Mountaineer XPress pipe in West Virginia over the weekend, while spot prices in the Northeast dropped to multi-year lows over a stormy weekend. On its last day as the front month, gas
- [White House weighs red-dyed diesel tax relief to lower fuel prices](https://boereport.com/2026/09/28/white-house-weighs-red-dyed-diesel-tax-relief-to-lower-fuel-prices/): The White House is considering regulatory relief that would allow broader sales of red-dyed diesel as part of an effort to bring down soaring prices, a move that could allow some buyers to avoid the federal fuel tax, according to two people familiar with the discussions. The red-dye proposal has emerged from days of administration
- [Oil stocks in US strategic petroleum reserve fall to lowest level since 1982](https://boereport.com/2026/09/28/oil-stocks-in-us-strategic-petroleum-reserve-fall-to-lowest-level-since-1982-3/): Stocks of crude oil in the U.S. Strategic Petroleum Reserve fell to 283.8 million barrels last week, the lowest level since October 1982, according to data from the Department of Energy. The drawdowns are part of a U.S. agreement to release 172 million barrels from the facility. (Reporting by Anjana Anil in Bengaluru Editing by
- [US natgas end-of-season storage seen at three-year low in October](https://boereport.com/2026/09/28/us-natgas-end-of-season-storage-seen-at-three-year-low-in-october-3/): U.S. natural gas storage is on track to end the April-October summer injection season at a three-year low of 3.841 trillion cubic feet (tcf) on October 31, 2026, according to analysts' estimates. That compares with a two-year low of 3.929 tcf at the end of October in 2025 and a five-year (2021-2025) average of 3.782
- [Canadian heavy oil producer achieves H₂S control and 34% chemical cost reduction with SECURE HS-8910](https://boereport.com/2026/09/29/canadian-heavy-oil-producer-achieves-h₂s-control-and-34-chemical-cost-reduction-with-secure-hs-8910/): SECURE significantly reduced operational costs for a Canadian heavy oil producer requiring continuous chemical treatment to control hydrogen sulfide (H₂S) at their single-well oil batteries. Reaching H₂S levels approaching 800 ppmv, the producer required a program to not only replace the incumbent chemistry but also improve treatment performance and reduce scavenger volume. SECURE conducted a
- [Integrity Oil Operations Ltd.: Corporate Divestiture](https://boereport.com/2026/09/28/integrity-oil-operations-ltd-corporate-divestiture/): Integrity Oil Operations Ltd. (“Integrity” or the “Company”) has engaged Sayer Energy Advisors to assist it with the sale of the shares of the Company. Integrity is a debt free, junior oil and natural gas company with a focus on heavy oil operated assets in the Lloydminster area of Saskatchewan. In Saskatchewan, the Company’s operations
- [Goldman expects initial diesel price decline under US export curbs](https://boereport.com/2026/09/27/goldman-expects-initial-diesel-price-decline-under-us-export-curbs/): Goldman Sachs said on Saturday that a US diesel export ban would initially put moderate downward pressure on diesel prices, and that restrictions on exports, including quotas, were a plausible outcome. Here are a few details: * US President Donald Trump on Tuesday backed the idea of banning US diesel exports, with the US being
- [EU to delay methane emissions rules after pushback from governments](https://boereport.com/2026/09/28/eu-to-delay-methane-emissions-rules-after-pushback-from-governments/): The European Commission plans to postpone the European Union's landmark law to reduce methane emissions, a spokesperson said on Monday, following calls from governments including France and the United States to pause or roll back the policy. "The Commission plans to propose a postponement of the entry into force of the methane regulation," a European
- [Alberta, Ontario premiers set to share stage in Calgary to talk energy policy](https://boereport.com/2026/09/28/alberta-ontario-premiers-set-to-share-stage-in-calgary-to-talk-energy-policy/): CALGARY - Alberta Premier Danielle Smith and Ontario Premier Doug Ford are set to share the stage in Calgary today to talk energy. The leaders will be in the city's downtown to talk about how to best get Canada's natural resources to market in a world of fluctuating politics and conflicts. Smith has placed energy
- [Yangarra Announces Operations Update](https://boereport.com/2026/09/28/yangarra-announces-operations-update/): CALGARY, Alberta, Sept. 28, 2026 (GLOBE NEWSWIRE) -- Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) provides an operations update underscoring the continued momentum of its Chambers Belly River development program and the strategic value of its integrated oilfield services platform. Over the past two years, Yangarra has drilled 17 Belly River wells in Chambers,
- [International Petroleum Corporation Announces Results of  Normal Course Issuer Bid](https://boereport.com/2026/09/28/international-petroleum-corporation-announces-results-of-normal-course-issuer-bid-94/): International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 148,500 IPC common shares (ISIN: CA46016U1084) during the period of September 21 to 25, 2026 under IPC’s previously announced normal course issuer bid / share repurchase program (NCIB). IPC’s NCIB, announced on December 3,
- [Last Chance For The OSY Rentals 15th Annual FREE HOCKEY DRAFT!](https://boereport.com/2026/09/28/last-chance-for-the-osy-rentals-15th-annual-free-hockey-draft/): https://boereport.com/wp-content/uploads/2026/09/OSY-hockey-draft-2026-27.mp4 THIS IS YOUR LAST CHANCE! If you’ve been telling yourself, “I’ll enter later,” congratulations — later is now. The 15th Annual OSY Free Hockey Draft closes tomorrow, September 29 at 4:00 PM ET, and once the deadline hits, that’s it. You have one final chance to enter — and it costs absolutely nothing. ONE
- [Atlas Energy Corp Completes C$15.0 Million Royalty Investment and Receives Approval to Exit TSXV Sandbox](https://boereport.com/2026/09/25/atlas-energy-corp-completes-c15-0-million-royalty-investment-and-receives-approval-to-exit-tsxv-sandbox/): C$6.0 million of forecast before-tax royalty cash flow during the first 12 months, based on established production and two planned oil well reactivations CALGARY, Alberta, Sept. 25, 2026 (GLOBE NEWSWIRE) -- Atlas Energy Corp. ("Atlas" or the "Company") (TSXV: ATLE), a TSXV Sandbox issuer, is pleased to announce that on September 24, 2026, it completed
- [Talk of US export ban on diesel deepens US crude futures' discount to global benchmark](https://boereport.com/2026/09/25/talk-of-us-export-ban-on-diesel-deepens-us-crude-futures-discount-to-global-benchmark/): Washington's talk of a possible ban on diesel exports is widening the gap between US crude oil futures and the global Brent benchmark, a signal that markets expect US refiners to process less crude oil if their diesel output gets stuck at home. While that may bring some immediate relief to high domestic diesel prices,
- [Poilievre urges tax cuts to make diesel fuel more affordable, ensure future supplies](https://boereport.com/2026/09/27/poilievre-urges-tax-cuts-to-make-diesel-fuel-more-affordable-ensure-future-supplies/): OTTAWA - Conservative Leader Pierre Poilievre is pitching a plan to cut federal taxes on diesel fuel and help ensure Canada has affordable supplies of the fuel in the future. Poilievre says Canada already produces enough diesel to meet national demand, but transportation bottlenecks leave some regions dependent on U.S. imports. He proposes eliminating all
- [Mideast oil exports rebound in September as Saudi Arabia boosts shipments](https://boereport.com/2026/09/27/mideast-oil-exports-rebound-in-september-as-saudi-arabia-boosts-shipments/): Crude oil exports from key Middle East producers rebounded in September to 12.8 million barrels per day, the highest since the US-Israeli war with Iran started in February, data from Kpler showed on Monday, as Saudi Arabia and the United Arab Emirates boosted exports. The rebound came following a recovery in exports via the Strait
- [Five things to watch for in the Canadian business world in the coming week](https://boereport.com/2026/09/27/five-things-to-watch-for-in-the-canadian-business-world-in-the-coming-week-15/): TORONTO - Five things to watch for in the Canadian business world in the coming week: Smith-Ford event Alberta Premier Danielle Smith and Ontario Premier Doug Ford will be at an event in Calgary talking about Canada's economic future on Monday. The premiers are expected to discuss how Canada builds, transports and sells its energy
- [Iran insists on diplomatic solution after Trump rejects peace plan](https://boereport.com/2026/09/26/iran-insists-on-diplomatic-solution-after-trump-rejects-peace-plan/): (Adds background on Saturday attack blamed on Houthis in final paragraph) * Trump rejects Iran's proposal for reopening Hormuz * Iran says reopening Hormuz hinges on conditions being met and negotiated solution * Senior Iranian official says Tehran shows no flexibility on nuclear program By Trevor Hunnicutt, Yomna Ehab and Menna Alaa El-Din WASHINGTON/UNITED NATIONS/CAIRO,
- [Venezuela president returns from US visit with no deals, no firm election date](https://boereport.com/2026/09/26/venezuela-president-returns-from-us-visit-with-no-deals-no-firm-election-date/): Venezuela's interim President Delcy Rodriguez arrived in New York this week for the UN General Assembly seeking business deals on debt, energy and mining, to demonstrate the once sanctioned country was open for business again after US forces removed her predecessor in January. She pledged in her speech before the UN that the South American
- [Trump predicts Cuba and US will make a deal](https://boereport.com/2026/09/26/trump-predicts-cuba-and-us-will-make-a-deal/): President Donald Trump predicted on Saturday that the US and Cuba will reach an agreement and that he does not think military action will be necessary. "I would say that Cuba and us will make a deal. I don't think we'll need the military," Trump told reporters at the White House. The Trump administration has
- [Saudi Aramco is working with Evercore on gas unit plans, Bloomberg News reports](https://boereport.com/2026/09/26/saudi-aramco-is-working-with-evercore-on-gas-unit-plans-bloomberg-news-reports/): Oil producer Saudi Aramco has hired Evercore to advise on a restructuring that would create a standalone gas division and open the door to a potential future listing of the unit, Bloomberg News reported on Saturday, citing people familiar with the matter. Boston Consulting Group also advised Aramco to split off its gas operations in
- [Saudi says it intercepted 2 drones launched by Houthis towards Riyadh](https://boereport.com/2026/09/25/saudi-says-it-intercepted-2-drones-launched-by-houthis-towards-riyadh/): Yemen's Saudi-led coalition said early on Saturday it had intercepted two drones launched by the Iran-backed Houthis towards the Saudi capital Riyadh. The coalition posted on X that it was monitoring missile threat and drones launched at the kingdom without providing further details. The Saudi civil defence had sent alerts overnight for Khamis Mushait and
- [Venezuela's promised elections face long delays, sources say](https://boereport.com/2026/09/25/venezuelas-promised-elections-face-long-delays-sources-say/): Venezuela's long-awaited vote may not happen for a year or more due to planned overhauls of the courts and electoral authorities, according to five political sources and analysts, despite Acting President Delcy Rodriguez's promise of a transition to "full democracy". Rodriguez, who took power after a US raid captured then-President Nicolas Maduro in January, told
- [Iran's Araqchi says now up to US to accept 7-day plan](https://boereport.com/2026/09/25/irans-araqchi-says-now-up-to-us-to-accept-7-day-plan/): Iran has given the United States a "concrete" seven-day plan to open the strategic Strait of Hormuz and the choice now rests with the US, Iran's Foreign Minister Abbas Araqchi told reporters at the United Nations on Friday. "If the necessary conditions are met, the strait can be reopened, a normal maritime passage restored within
- [Oil prices slide about 2% as US, Iran explore path out of war](https://boereport.com/2026/09/25/oil-prices-slide-about-2-as-us-iran-explore-path-out-of-war/): Oil prices fell about 2% on Friday on mounting hopes for a truce between the US and Iran and talk about a possible US ban on diesel exports, even as traders worried that increasing attacks against Saudi Arabia by Houthi fighters could disrupt supply from the Middle Eastern producer. Brent futures fell $2.28, or 2.1%,
- [Petrus Resources Announces Monthly Activity Update](https://boereport.com/2026/09/24/petrus-resources-announces-monthly-activity-update-49/): CALGARY, Alberta, Sept. 24, 2026 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company's website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic
- [US energy firms add rigs for third week to highest since 2024, says Baker Hughes](https://boereport.com/2026/09/25/us-energy-firms-add-rigs-for-third-week-to-highest-since-2024-says-baker-hughes/): US energy firms this week added rigs for a third week in a row for the first time since July, energy services firm Baker Hughes said in its closely followed report on Friday. The total oil and gas rig count, an early indicator of future output, rose by four to 599 in the week to
- [US refiner Phillips 66 is using AI to predict outages and boost processing, executive says](https://boereport.com/2026/09/25/us-refiner-phillips-66-is-using-ai-to-predict-outages-and-boost-processing-executive-says/): Phillips 66 is using artificial intelligence to predict outages within its refining systems, save on maintenance costs and increase crude processing, said Tandra Perkins, an executive vice president at the US refiner. * "I need my systems up more than they're down, being able to predict that obviously saves on maintenance costs," Perkins said on
- [US natgas prices fall 4.6% on lower demand forecasts, work on West Virginia pipe](https://boereport.com/2026/09/25/us-natgas-prices-fall-4-6-on-lower-demand-forecasts-work-on-west-virginia-pipe/): US natural gas futures fell about 4.6% on Friday on forecasts for less demand next week than previously expected and a perception in the market that the problem with the Mountaineer Xpress pipe in West Virginia will be fixed relatively soon. On their second-to-last day as the front month, gas futures for October delivery on
- [Bond yields hit multi-decade highs despite oil pullback](https://boereport.com/2026/09/25/bond-yields-hit-multi-decade-highs-despite-oil-pullback/): US Treasury yields set fresh multi-decade highs on Friday even as easing oil prices offered some relief, with traders still pricing in further Federal Reserve interest rate hikes. Stocks, meanwhile, were buoyed by continued enthusiasm for the AI trade. Oil prices fell about 1% as markets weighed the possibility of a truce between the US
- [BP eyes Devon Energy asset amid renewed US M&A ambitions, sources say](https://boereport.com/2026/09/24/bp-eyes-devon-energy-asset-amid-renewed-us-ma-ambitions-sources-say/): BP is weighing a potential acquisition of Devon Energy's operations in South Texas as part of renewed efforts by the British supermajor to grow its shale asset base in the United States, people familiar with the matter said. After years of prioritizing investments in renewable energy and leadership churn that included five chief executives since
- [BP explored deal for Devon’s Eagle Ford asset, sources say](https://boereport.com/2026/09/25/bp-explored-deal-for-devons-eagle-ford-asset-sources-say/): BP studied a possible deal to buy Devon Energy's operations in South Texas, four sources familiar with the matter said, with one of the sources adding it has now backed away from such a move. After years of prioritizing investments in renewable energy, and leadership churn that included five chief executives since 2020, London-headquartered BP
- [Oil prices fall as markets look to Iran truce, but remain wary of attacks on oil facilities](https://boereport.com/2026/09/25/oil-prices-fall-as-markets-look-to-iran-truce-but-remain-wary-of-attacks-on-oil-facilities/): Oil prices fell slightly on Friday as markets weighed the possibility of a truce between the US and Iran against the bombing of Saudi Arabia by Houthi rebels after a week of price spikes. Brent was down 87 cents, or 0.82%, at $105.73 a barrel at 0212 GMT, while West Texas Intermediate (WTI) was down
- [Gulf of Oman ship-to-ship oil transfers reach limit as Saudi exports surge](https://boereport.com/2026/09/24/gulf-of-oman-ship-to-ship-oil-transfers-reach-limit-as-saudi-exports-surge/): Ship-to-ship transfers in the Gulf of Oman for Middle Eastern oil from inside the Strait of Hormuz have reached their limits after Saudi Arabia diverted exports from the Red Sea, adding to shipments from other producers, trade sources and analysts said. The increasing amount of Saudi exports this month requires more supertankers to shuttle crude
- [AI challenges fuel trading's old guard: Russell](https://boereport.com/2026/09/25/ai-challenges-fuel-tradings-old-guard-russell/): The Iran conflict has put a spotlight on the somewhat murky world of refined fuel trading as the world battles constrained supply and record-high prices. But it is AI that may bring the trading of diesel, gasoline and other products out of the shadows for good. While crude oil trading practices have been established for
- [Oil jump sends 30-year yields to two-decade high](https://boereport.com/2026/09/24/oil-jump-sends-30-year-yields-to-two-decade-high/): Bond markets came under renewed pressure on Thursday with US 30-year bond yields hitting a more than 20-year high as rising oil prices reignited concerns about higher inflation and more Federal Reserve interest rate hikes. Oil prices climbed about 3% to a one-week high after a Houthi missile attack on Saudi Arabia revived fears of
- [Some 60 ships passed through Strait of Hormuz on Wednesday, US official says](https://boereport.com/2026/09/24/some-60-ships-passed-through-strait-of-hormuz-on-wednesday-us-official-says/): Some 60 commercial vessels transited the Strait of Hormuz on Wednesday carrying the highest daily volume of crude oil since early July, despite the ongoing war between the US and Iran, a US official told Reuters, speaking on condition of anonymity. About 40 of those vessels coordinated with the US military for protection, the US
- [CAOEC welcomes Bill C-39 and proposed measures to get major projects built](https://boereport.com/2026/09/24/caoec-welcomes-bill-c-39-and-proposed-measures-to-get-major-projects-built/): The Canadian Association of Energy Contractors (CAOEC) welcomes the Government of Canada’s introduction of Bill C-39, the Building Canada Strong Act, and its commitment to creating a faster, more predictable regulatory environment for resource development in Canada. The Association is particularly encouraged by measures intended to reduce duplication and establish clearer accountability within the federal
- [Kimmeridge Publishes New White Paper On Diverging Outlook for U.S. Oil and Natural Gas](https://boereport.com/2026/09/24/kimmeridge-publishes-new-white-paper-on-diverging-outlook-for-u-s-oil-and-natural-gas/): "Shale's Golden Years, Part II: The Cost of Aging" finds U.S. oil reserve replacement continuing to weaken despite significant efficiency gains, while natural gas resources remain abundant NEW YORK, Sept. 24, 2026 /PRNewswire/ -- Kimmeridge, an alternative asset manager focused on the energy sector, today published "Shale's Golden Years, Part II: The Cost of Aging,"
- [US energy secretary seeks refiners' help amid narrow options to curb diesel price](https://boereport.com/2026/09/24/us-energy-secretary-seeks-refiners-help-amid-narrow-options-to-curb-diesel-price/): US Energy Secretary Chris Wright has contacted executives at several major American refiners in recent days to gauge support for a voluntary restriction on diesel exports as the Trump administration searches for an alternative to a short-term ban, according to three people familiar with the discussions. The effort to enlist companies voluntarily underscores the limited
- [Bond market selloff rumbles on ahead of Trump and XI talks](https://boereport.com/2026/09/24/bond-market-selloff-rumbles-on-ahead-of-trump-and-xi-talks/): World financial markets remained on edge on Thursday after concerns about the Iran war and inflation pain had triggered the sharpest selloff in US Treasuries and other benchmark government bonds since last year's Liberation Day turmoil. Bond yields were nudging higher again in Europe as oil prices moved back above $105 a barrel and as
- [US and Iran discuss phased deal to reopen Hormuz and end US blockade, sources say](https://boereport.com/2026/09/24/us-and-iran-discuss-phased-deal-to-reopen-hormuz-and-end-us-blockade-sources-say/): US and Iranian negotiators in New York are exploring a phased path out of war that would involve Tehran reopening the Strait of Hormuz and Washington lifting its economic blockade of Iran, sources close to the talks said. The strait has become the central bargaining chip in efforts to end the nearly seven-month US-Iran conflict,
- [Saudi Arabia thwarts Houthi ballistic missiles, Yemen's Saudi-led coalition says](https://boereport.com/2026/09/24/saudi-arabia-thwarts-houthi-ballistic-missiles-yemens-saudi-led-coalition-says/): Saudi Arabia intercepted six ballistic missiles fired by Yemen's Iran-backed Houthis on Thursday, thwarting attacks on the southern province of Taif and Yanbu area on the Red Sea, the Saudi-led coalition in Yemen said. It was not clear whether there was any damage or casualties in either Taif and Yanbu, the main alternative route for
- [Alberta economy weathers global instability](https://boereport.com/2026/09/24/alberta-economy-weathers-global-instability/): EDMONTON, AB, Sept. 24, 2026 /CNW/ -- Geopolitical instability and trade uncertainty have led to a period of slower growth and higher inflation in Canada. Alberta is not immune to these challenges, yet is still on track to finish 2026 in a relatively strong position. So far this year, the province is far outpacing the
- [EOG Resources Announces Ann Janssen's Retirement and Jeff Hibbard as Next CFO](https://boereport.com/2026/09/24/eog-resources-announces-ann-janssens-retirement-and-jeff-hibbard-as-next-cfo/): HOUSTON, Sept. 24, 2026 /PRNewswire/ -- EOG Resources, Inc. (EOG) today announced that Ann D. Janssen has elected to retire from EOG. The Board of Directors has appointed Jeffrey W. "Jeff" Hibbard to succeed Janssen as Executive Vice President and Chief Financial Officer, effective January 1, 2027. Janssen will continue serving as an advisor to
- [Tourmaline and Topaz announce $287.5 million bought deal secondary offering of Topaz common shares and Tourmaline announces planned share repurchases and base dividend increase](https://boereport.com/2026/09/22/tourmaline-and-topaz-announce-287-5-million-bought-deal-secondary-offering-of-topaz-common-shares-and-tourmaline-announces-planned-share-repurchases-and-base-dividend-increase/): NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. CALGARY, AB, Sept. 22, 2026 /CNW/ -- Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline", the "Company" or the "Selling Shareholder") and Topaz Energy Corp. ("Topaz") announced today that they have entered into an agreement with Peters & Co. Limited and Scotiabank (the "Lead
- [Venezuela's Rodriguez promises elections to transition to 'full democracy'](https://boereport.com/2026/09/23/venezuelas-rodriguez-promises-elections-to-transition-to-full-democracy/): Venezuela's interim President Delcy Rodriguez told the UN General Assembly on Wednesday that the country would hold elections as part of a transition to "full democracy," but did not give a specific date for the vote. "I want to make this very clear at this General Assembly: there will be elections in Venezuela," said Rodriguez,
- [Senators from both parties ask Trump to release emergency heating oil as prices surge](https://boereport.com/2026/09/23/senators-from-both-parties-ask-trump-to-release-emergency-heating-oil-as-prices-surge/): The two US senators from Maine, the state most reliant on home heating oil, asked President Donald Trump this week to tap the country's emergency stash of the fuel as diesel prices soar to record levels and push up household bills. "We write to request that you release home heating oil from the Northeast Home
- [US diesel exports ban would hurt global fuel markets, analysts say](https://boereport.com/2026/09/23/us-diesel-exports-ban-would-hurt-global-fuel-markets-analysts-say/): A US diesel export ban could become a self-defeating exercise that would do little to ease high US fuel prices but could worsen supply and economic disruptions around the globe, analysts said. US President Donald Trumpreportedly said on Tuesday he backed the idea of a ban. Average US diesel prices have jumped to a record
- [As 5% Treasury yields lose shock value, investors start worrying about 6%](https://boereport.com/2026/09/23/as-5-treasury-yields-lose-shock-value-investors-start-worrying-about-6/): For years, 5% on the benchmark US 10-year Treasury yield was viewed as the point at which global financial markets would start hitting turbulence. That threshold is beginning to look less like a ceiling and more like a waypoint. This month's breach of 5% - something that has happened only briefly in recent decades -
- [US diesel futures fall after report of export ban plan](https://boereport.com/2026/09/23/us-diesel-futures-fall-after-report-of-export-ban-plan/): US ultra-low-sulfur diesel futures fell more than 6% on Wednesday after Politico reported the administration of US President Donald Trump is preparing a plan to ban diesel exports for 90 days. The October futures contract was last trading at $4.7512 a gallon, down 3.9%. Diesel prices have shot to record highs in the US and
- [Devon rises after report activist Toms Capital urges sale](https://boereport.com/2026/09/23/devon-rises-after-report-activist-toms-capital-urges-sale/): ** Shares of oil producer Devon Energy rise 3.2% to $48.43 ** Activist investor Toms Capital, in a letter, urges Devon to explore alternatives, including a sale, according to CNBC ** Toms is now one of Devon's top five shareholders - letter viewed by CNBC ** CNBC reports that in meetings prior to sending its
- [US crude stocks rise, gasoline and distillate inventories fall - EIA](https://boereport.com/2026/09/23/us-crude-stocks-rise-gasoline-and-distillate-inventories-fall-eia-6/): US crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 3 million barrels to 426.4 million barrels in the week ended September 18, the EIA said, compared with analysts' expectations in a Reuters poll for a 641,000-barrel draw. Crude stocks at the
- [Fed's Goolsbee says 'we better be careful' about oil shock](https://boereport.com/2026/09/23/feds-goolsbee-says-we-better-be-careful-about-oil-shock/): Federal Reserve Bank of Chicago President Austan Goolsbee believes the US central bank may need to treat the current energy shock as a source of persistent inflation rather than expect it to dissipate on its own. "For big negative supply shocks... you'd be better off just assuming from the beginning this thing is going to
- [UNGA week could bend the war — or miss again](https://boereport.com/2026/09/23/unga-week-could-bend-the-war-or-miss-again/): By Andrew Mills Sept 23 - US President Donald Trump’s UNGA sidelines meeting with Gulf leaders this week delivered a familiar bit of Trumpian theatre: after boasting that US naval escorts had shepherded more than a billion barrels of Gulf oil, he turned to Qatar’s Emir Sheikh Tamim bin Hamad Al Thani and quipped: “That’s
- [Iran communicated conditions for revival of diplomacy to US, foreign ministry says](https://boereport.com/2026/09/23/iran-communicated-conditions-for-revival-of-diplomacy-to-us-foreign-ministry-says/): Iran conveyed its conditions for reviving diplomacy to the US in a two-hour-long exchange of messages through a mediator on the sidelines of the UN General Assembly on Tuesday, Iran's Foreign Ministry Spokesperson Esmaeil Baghaei said on X on Wednesday. Conditions conveyed through a Qatari mediator included accepting the safe route in the Strait of
- [US will either reform IEA on climate issues or leave the group, energy secretary says](https://boereport.com/2026/09/23/us-will-either-reform-iea-on-climate-issues-or-leave-the-group-energy-secretary-says/): The US might consider leaving the International Energy Agency if there is no alignment on climate issues, US Energy Secretary Chris Wright said on Wednesday. "We're either going to reform the IEA or we will leave the IEA. My strong preference is that we reform it," Wright said at an event in New York hosted
- [US Energy Secretary Wright says diesel export ban 'definitely doesn't work'](https://boereport.com/2026/09/23/us-energy-secretary-wright-says-diesel-export-ban-definitely-doesnt-work/): US Energy Secretary Chris Wright on Wednesday said a US ban on diesel exports would not work and could push up gasoline and jet fuel prices, putting him at odds with President Donald Trump, who is backing the idea. Diesel prices have surged to record highs due to the US-Israeli war with Iran and the
- [US natgas prices hit 11-week high on cooler weather, lower output](https://boereport.com/2026/09/23/us-natgas-prices-hit-11-week-high-on-cooler-weather-lower-output/): US natural gas futures climbed about 2.6% to an 11-week high on Wednesday on forecasts for seasonally cool weather over the next two weeks that should boost heating demand, a drop in daily output and an increase in flows to liquefied natural gas exports so far this month. Front-month gas futures for October delivery on
- [Asia's crude oil imports hit post-Iran conflict high in September, but remain weak](https://boereport.com/2026/09/23/asias-crude-oil-imports-hit-post-iran-conflict-high-in-september-but-remain-weak/): Asia's imports of crude oil rose to the highest in September since the Iran war started, but even with the recovery they remained some 13% below pre-conflict levels. The world's biggest oil-consuming region is on track to import 23.96 million barrels per day (bpd) in September, up from 23.38 million bpd in August and the
- [Energy Sales Has an AI Problem: Most AI Solutions Don’t Understand Energy](https://boereport.com/2026/09/23/energy-sales-has-an-ai-problem-most-ai-solutions-dont-understand-energy/): Artificial intelligence is rapidly finding its way into sales organizations. But for energy companies, simply adopting AI technology may not be enough. The more important question is: Does your AI actually understand energy? That distinction matters because selling into the energy industry bears little resemblance to selling software, financial services or consumer products. Energy sales
- [Trump's diesel export dilemma — Good politics, bad economics: Bousso](https://boereport.com/2026/09/23/trumps-diesel-export-dilemma-good-politics-bad-economics-bousso/): Soaring fuel costs are increasing pressure on US President Donald Trump to curb diesel exports ahead of November's midterm elections. But what may seem like an easy fix could unleash a chain reaction that ultimately leaves American consumers and the global economy worse off. Surging energy prices since the start of the Iran war in
- [Hope for progress after US, Iran hold first shuttle talks in months](https://boereport.com/2026/09/23/hope-for-progress-after-us-iran-hold-first-shuttle-talks-in-months/): The first shuttle talks between the United States and Iran for months raised hopes on Wednesday that the adversaries could make some progress towards ending the Middle East war, although neither side spelled out any change in their positions. Iran's Foreign Minister Abbas Araqchi and US envoys Steve Witkoff and Jared Kushner communicated through mediators
- [Ninepoint shrugs off political rhetoric to launch ETF focusing on energy interdependence of US and Canada](https://boereport.com/2026/09/22/ninepoint-shrugs-off-political-rhetoric-to-launch-etf-focusing-on-energy-interdependence-of-us-and-canada/): Canadian asset manager Ninepoint Capital is challenging economic nationalism in both the United States and Canada and the growing trade war between them by launching on Tuesday an exchange-traded fund that will emphasize the energy interdependence of the two countries. The Ninepoint North American Energy Independence ETF is the Toronto-based company's first fund to be
- [Ban on US diesel exports would hurt, not help fuel markets, analysts say](https://boereport.com/2026/09/22/ban-on-us-diesel-exports-would-hurt-not-help-fuel-markets-analysts-say/): US President Donald Trump on Tuesday said he backed the idea of a diesel export ban as a way to lower prices that have hit record highs due to a global supply shortage. But analysts and market watchers warn that such a measure would do little to ease high energy prices, and could worsen supply
- [US judge dismisses Michigan climate lawsuit against oil companies](https://boereport.com/2026/09/22/us-judge-dismisses-michigan-climate-lawsuit-against-oil-companies/): A US judge on Tuesday dismissed an antitrust lawsuit in which Michigan accused four major oil companies of colluding to forestall competition in renewable energy, including electric vehicles, a decision in line with prior rulings in similar cases. US District Judge Jane Beckering in Grand Rapids rejected the lawsuit filed in January by Michigan Attorney
- [US to fund $7 billion of Argentina mineral, energy projects, document shows](https://boereport.com/2026/09/22/us-to-fund-7-billion-of-argentina-mineral-energy-projects-document-shows/): The US Export-Import Bank plans to fund up to $7 billion worth of critical minerals and energy projects in Argentina, according to a document seen by Reuters, as part of a push to deepen economic cooperation between Washington and Buenos Aires. The funding is part of a package to be announced in New York on
- [New oil and gas jobs from BOE Report Jobs](https://boereport.com/2026/09/22/new-oil-and-gas-jobs-from-boe-report-jobs-501/): Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title
- [Federal government introduces bill to extend gas tax pause to January 2027](https://boereport.com/2026/09/22/federal-government-introduces-bill-to-extend-gas-tax-pause-to-january-2027/): OTTAWA - The federal government introduced its promised bill to extend the federal gas tax pause for several more months shortly after Parliament resumed sitting following the summer break. Finance Minister FranÇois-Philippe Champagne tabled the legislation on Monday and it saw its first significant debate in the House of Commons on Tuesday. Champagne said the
- [EQT sees higher 2026 US natgas output on lower spending, CEO says](https://boereport.com/2026/09/22/eqt-sees-higher-2026-us-natgas-output-on-lower-spending-ceo-says/): EQT, the second-biggest US natural gas producer, plans to pull more gas out of the ground in 2026 while spending less money than last year to meet growing global demand, CEO Toby Rice told Reuters on Tuesday. He said record production will come despite curtailed production in recent months by EQT and others in the
- [Ottawa opens up 15% Trans Mountain equity stake to Indigenous groups on pipeline path](https://boereport.com/2026/09/22/ottawa-opens-up-15-trans-mountain-equity-stake-to-indigenous-groups-on-pipeline-path/): OTTAWA - The Canadian government is offering Indigenous groups a collective 15 per cent ownership stake in the Trans Mountain pipeline through a low-cost loan. In a letter to a First Nation along the pipeline's path and seen by The Canadian Press, a federal Department of Finance official says the equity investment would be equally
- [Tilbury Phase 2 LNG Expansion Project: Major Milestone Completed](https://boereport.com/2026/09/21/tilbury-phase-2-lng-expansion-project-major-milestone-completed/): OTTAWA, Sept. 21, 2026 /CNW/ -- Today, the Honourable Julie Dabrusin, Minister of the Environment, Climate Change and Nature, issued her decision statement for the Tilbury Phase 2 LNG Expansion Project (the project), determining that the project's potential adverse effects within federal jurisdiction are justified when taking into account the benefits it will provide. The
- [Trump says he backs the idea of a ban on diesel exports](https://boereport.com/2026/09/22/trump-says-he-backs-the-idea-of-a-ban-on-diesel-exports/): President Donald Trump on Tuesday said he backed the idea of a ban on diesel exports, which some US politicians are calling for as a way to curb the soaring cost of energy. Diesel prices have rallied in Europe and the US to record highs as wars in Iran and Ukraine sharply cut exports from
- [Trump says talks with Iran continue and he thinks settlement will be reached](https://boereport.com/2026/09/22/trump-says-talks-with-iran-continue-and-he-thinks-settlement-will-be-reached/): US President Donald Trump said that Iran and the United States had been talking on Tuesday, and he thinks the two countries will reach a deal at some point. "I think that a settlement is going to be reached," Trump said after a meeting with British Prime Minister Andy Burnham on the sidelines of the
- [Connect 2026: Building Stronger Partnerships for Future Success](https://boereport.com/2026/09/23/connect-2026-building-stronger-partnerships-for-future-success/): As project opportunities continue to evolve across traditional energy, infrastructure, mining, advanced technologies, and emerging markets, collaboration across the supply chain remains more important than ever. Successfully executing projects requires strong partnerships, open communication, and a commitment to continuous engagement with suppliers and contractors. These principles were at the forefront of Fluor Canada's 2026 Connect
- [ATB Cormark Capital Markets Hosts 2026 Energy Fall Investor Conference in New York City](https://boereport.com/2026/09/22/atb-cormark-capital-markets-hosts-2026-energy-fall-investor-conference-in-new-york-city/): CALGARY, AB, Sept. 22, 2026 /CNW/ -- ATB Cormark Capital Markets, leading North American investment firm and the capital markets arm of ATB Financial, hosted its Fall 2026 Energy Institutional Investor Conference in New York City on September 10, 2026. The event brought together 14 leading Canadian oil and gas producers, representing aggregate enterprise value
- [Tehran hints at Hormuz talks with US as leaders gather at UN](https://boereport.com/2026/09/22/tehran-hints-at-hormuz-talks-with-us-as-leaders-gather-at-un/): A senior Iranian official told Reuters on Tuesday that Iran could reopen the Strait of Hormuz to Gulf shipping within days if the US lifts its blockade, describing a gathering at the UN as a "golden opportunity" to renew diplomacy with Washington. US President Donald Trump and Iranian President Masoud Pezeshkian are both due to
- [Saudi crude oil exports hit four-month high in July, data shows](https://boereport.com/2026/09/22/saudi-crude-oil-exports-hit-four-month-high-in-july-data-shows/): Saudi Arabian crude oil exports in July rose by about 3.3% from June to 4.125 million barrels per day, the highest level since March, data from the Joint Organizations Data Initiative (JODI) showed on Tuesday. Crude oil production in the kingdom increased to 8.135 million bpd from 7.122 million bpd in June. Saudi Arabia and
- [Hormuz shuttles keep oil flowing, but at a high cost: Bousso](https://boereport.com/2026/09/21/hormuz-shuttles-keep-oil-flowing-but-at-a-high-cost-bousso/): A new shuttling system is reshaping the Middle East oil market, as producers seek to keep exports flowing despite the escalating regional conflict. The question now is whether this complex, expensive process is a stopgap measure or the global energy market’s new normal. Several miles off Oman's coast, south of the Strait of Hormuz, rows
- [Saudi Arabia restarts East-West oil pipeline, to resume exports from Yanbu, sources say](https://boereport.com/2026/09/22/saudi-arabia-restarts-east-west-oil-pipeline-to-resume-exports-from-yanbu-sources-say/): Saudi Arabia has restarted operations at its East-West Pipeline and could resume exports from the Red Sea port of Yanbu later on Tuesday, three sources briefed on the matter said. The pipeline was pumping at a low rate, two of them said. State energy firm Saudi Aramco did not immediately respond to a request for
- [Traders push for discounts for Venezuelan oil as shipping costs soar, sources say](https://boereport.com/2026/09/22/traders-push-for-discounts-for-venezuelan-oil-as-shipping-costs-soar-sources-say/): Global oil trading firms Vitol and Trafigura are pushing for steeper discounts on Venezuelan crude oil as rising freight rates shrink their margins, five sources familiar with the matter said. The two merchant houses have been among the biggest winners in a race to control Venezuela's crude flows since the US captured then-President Nicolas Maduro
- [Iran ready to reopen Strait of Hormuz if US eases military pressure and lifts blockade](https://boereport.com/2026/09/22/iran-ready-to-reopen-strait-of-hormuz-if-us-eases-military-pressure-and-lifts-blockade/): Iran can reopen the Strait of Hormuz within seven days if the United States eases military pressure and lifts its blockade on Iranian ports, a senior Iranian official told Reuters on Tuesday. On Sunday, Iran's military central command said it was informed the US was preparing to restart military operations with the support of regional
- [TC Energy announces sale of Guadalajara-Manzanillo Pipeline](https://boereport.com/2026/09/21/tc-energy-announces-sale-of-guadalajara-manzanillo-pipeline/): Generates cash proceeds of approximately $560 million (US$400 million) High-grading portfolio to redeploy proceeds towards accretive growth opportunities across TC Energy’s North American footprint CALGARY, Alberta, Sept. 21, 2026 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced it has entered into an agreement to sell Energía Occidente
- [Feds approve FortisBC's Tilbury LNG expansion under 'one project, one review'](https://boereport.com/2026/09/21/feds-approve-fortisbcs-tilbury-lng-expansion-under-one-project-one-review/): OTTAWA - The federal government has approved expansion of the Tilbury LNG facility in Delta, B.C., saying potential adverse effects are justified by the project's benefits. Monday's approval under the "one project, one review" principle came immediately after the B.C. government issued an environmental assessment certificate to FortisBC for the project on Tilbury Island in
- [North Dakota oil output seen rising in August, state regulator says](https://boereport.com/2026/09/21/north-dakota-oil-output-seen-rising-in-august-state-regulator-says/): North Dakota crude oil production is expected to have climbed in August and maintain momentum in the following months as sustained drilling activity and robust crude prices support output across the state, the state Department of Mineral Resources said on Monday. Output in the United States' third-largest oil-producing state rose marginally by 1,846 barrels per
- [Canada sees scope for France LNG partnership, minister says](https://boereport.com/2026/09/21/canada-sees-scope-for-france-lng-partnership-minister-says/): Canada could pursue an energy partnership with France involving liquefied natural gas from its Pacific coast, Canadian Foreign Minister Anita Anand said on Monday, a day after leaders of the two countries met and discussed energy cooperation. Anand said it was "quite conceivable" for Canada to execute an energy partnership with a European country using
- [Canada aims to slash time needed to review major projects](https://boereport.com/2026/09/21/canada-aims-to-slash-time-needed-to-review-major-projects/): Canada on Monday unveiled draft legislation that would speed up the approval process for major natural resource projects, a goal Prime Minister Mark Carney says is necessary to help deal with US tariffs. Carney says Canada has to cut back on obstacles to growth, in particular streamlining a complex approval process for major projects that
- [North Dakota oil production up 2,000 bpd in July vs June to 1,157,000 bpd - state regulator](https://boereport.com/2026/09/21/north-dakota-oil-production-up-2000-bpd-in-july-vs-june-to-1157000-bpd-state-regulator/): Oil production in North Dakota rose 2,000 barrels-per-day (bpd) to 1,157,000 bpd in July, monthly data from the state Industrial Commission showed. Bakken and Three Forks oil production stood at 1,129,000 bpd in the month. The data was released on the North Dakota Industrial Commission's general statistics webpage and has been rounded to the nearest
- [Irving Oil names Alfred Stern, former CEO of Austria's OMV, as next president and CEO](https://boereport.com/2026/09/21/irving-oil-names-alfred-stern-former-ceo-of-austrias-omv-as-next-president-and-ceo/): SAINT JOHN - Irving Oil has announced the appointment of European energy executive Alfred Stern as its next president and chief executive. The New Brunswick company says Stern will join Irving on Oct. 1 and assume the top job effective Nov. 1, following the retirement of Jeff Matthews. Stern most recently served as chairman and
- [Oil stocks in US strategic petroleum reserve fall to lowest level since 1982](https://boereport.com/2026/09/21/oil-stocks-in-us-strategic-petroleum-reserve-fall-to-lowest-level-since-1982-2/): Stocks of crude oil in the U.S. Strategic Petroleum Reserve fell to 284.6 million barrels last week, the lowest level since October 1982, according to data from the Department of Energy. The drawdowns are part of a U.S. agreement to release 172 million barrels from the facility. (Reporting by Anjana Anil in Bengaluru Editing by
- [Alberta is to vote on holding a separation referendum. A timeline on how we got here](https://boereport.com/2026/09/19/alberta-is-to-vote-on-holding-a-separation-referendum-a-timeline-on-how-we-got-here/): EDMONTON - Albertans head to the polls Oct. 19 to vote on whether there should be a future, binding referendum on the province separating from Canada. Strains of western alienation go back decades. Here's a look at some key events: 1980 — The federal government ignites widespread alienation in Alberta with the National Energy Program,
- [LNG buyers and sellers seek greater supply diversity amid Iran war](https://boereport.com/2026/09/21/lng-buyers-and-sellers-seek-greater-supply-diversity-amid-iran-war/): LNG buyers are looking to diversify sourcing as the US-Israeli war against Iran cuts Gulf shipments, with importers seeking alternatives for the fuel from other suppliers ranging from West Africa to Indonesia. While Asian governments look to lock in LNG from sellers with access to various sources, producers and trading firms want to widen supply
- [Coelacanth Energy Announces Private Placement, Grant of Stock Options and Grant of Restricted Share Units](https://boereport.com/2026/09/21/coelacanth-energy-announces-private-placement-grant-of-stock-options-and-grant-of-restricted-share-units/): Calgary, Alberta--(Newsfile Corp. - September 21, 2026) - Coelacanth Energy Inc. (TSXV: CEI) (the "Company" or "Coelacanth") is pleased to announce that in conjunction with the previously announced hiring of Jonathon Hanson as VP Engineering, Coelacanth intends to complete a non-brokered private placement offering (the "Offering") to Mr. Hanson of 325,715 units of the Company ("Units"), at a
- [Houthis push for control of Yemen highlands as Trump reported to have called off airstrikes](https://boereport.com/2026/09/21/houthis-push-for-control-of-yemen-highlands-as-trump-reported-to-have-called-off-airstrikes/): Houthi fighters were pushing to seize strategic heights in Yemen on Monday to cut off the Red Sea coast from remaining areas held by Saudi-backed forces, after a report that President Donald Trump had called off US strikes on the group at the last minute. A lightning advance by the Iran-backed group this month has
- [Carrick Petroleum Inc.: Corporate Divestiture](https://boereport.com/2026/09/21/carrick-petroleum-inc-corporate-divestiture/): Carrick Petroleum Inc. (“Carrick” or the “Company”) has engaged Sayer Energy Advisors to assist it with the sale of the shares of the Company. Carrick is a junior oil and natural gas company with oil and natural gas interests located in the Redwater and Stolberg areas of Alberta (the “Properties”). As at June 30, 2026,
- [Goolsbee: Clear 'what has to happen' if inflation does not decline](https://boereport.com/2026/09/21/goolsbee-clear-what-has-to-happen-if-inflation-does-not-decline/): Chicago Fed president Austan Goolsbee said he is open to the possibility that inflation will begin declining to the 2% target, but if that does not happen interest rates will need to rise. "Right now, we do not have an employment problem, and we do have an inflation problem," Goolsbee said. "I'm open to being
- [QatarEnergy says Hormuz crisis may delay some expansion projects](https://boereport.com/2026/09/20/qatarenergy-says-hormuz-crisis-may-delay-some-expansion-projects/): QatarEnergy expects the first train of its North Field East (NFE) liquefied natural gas expansion project to start production in the first half of 2027, but additional trains will depend on the Strait of Hormuz crisis. Disruptions caused by the effective closure of the strait since the US and Israel began their war on Iran
- [International Petroleum Corporation Announces Results of Normal Course Issuer Bid](https://boereport.com/2026/09/21/international-petroleum-corporation-announces-results-of-normal-course-issuer-bid-93/): TORONTO, Sept. 21, 2026 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 36,111 IPC common shares (ISIN: CA46016U1084) during the period of September 14 to 18, 2026 under IPC’s previously announced normal course issuer bid / share repurchase program
- [Oil slips as investors assess Saudi export recovery](https://boereport.com/2026/09/20/oil-slips-as-investors-assess-saudi-export-recovery/): Oil prices slid on Monday as investors eyed a recovery in shipments from Saudi Arabia despite ongoing attacks by Yemeni Houthis that have escalated tension in the Middle East while the US and Iran remain in a stalemate. Brent crude futures dropped 81 cents, or 0.78%, to $103.06 a barrel at 0031 GMT after settling
- [France's Macron hails new chapter in Canada ties, eyes gas deals](https://boereport.com/2026/09/20/frances-macron-hails-new-chapter-in-canada-ties-eyes-gas-deals/): President Emmanuel Macron on Sunday welcomed a new chapter in ties with Canada after the two countries agreed to forge deeper ties with the French leader saying bilateral talks were opening to see how Ottawa could help Europe with more energy support. "Canadian liquefied natural gas projects can help. They are important for Europe and
- [Iran says Strait of Hormuz will remain closed until its conditions are met, Fars reports](https://boereport.com/2026/09/20/iran-says-strait-of-hormuz-will-remain-closed-until-its-conditions-are-met-fars-reports/): Iran will not reopen the Strait of Hormuz until its conditions are met and US commitments are implemented, parliament speaker Mohammad Baqer Qalibaf said on Sunday according to the semi-official Fars news agency. Iran must both fight and negotiate, Qalibaf said, adding that Tehran would use military force to push back its enemies and diplomacy
- [Iran informed that US plans to resume action, state media reports](https://boereport.com/2026/09/20/iran-informed-that-us-plans-to-resume-action-state-media-reports/): Iran received information that the United States, with the backing of some regional countries, was preparing to resume actions against Iran, the country's central military command said in a statement on Sunday, according to state media. The military said that any U.S. attack would trigger sustained strikes on U.S. bases and interests in the region,
- [Iran warns against new escalation by US and allies](https://boereport.com/2026/09/20/iran-warns-against-new-escalation-by-us-and-allies/): Iran warned on Sunday against any big new attack by the United States and its allies, saying it had information such a move was being prepared, adding to the anxiety in a region already on edge after drone and missile strikes on Saudi Arabia. Iran's military central command said on state media that any new
- [Two dead in Moscow region, drones hit oil refinery in Russian capital](https://boereport.com/2026/09/20/two-dead-in-moscow-region-drones-hit-oil-refinery-in-russian-capital/): Two people died in Ukrainian drone attacks in the Moscow region and an oil refinery in Russia's capital was hit, authorities said on Sunday, as Russia enters the final day of parliamentary elections. Ukraine and Russia have continued attacks on each other's energy infrastructure despite an announcement by US President Donald Trump on Monday that
- [Venezuela leader Rodriguez signs agreement with French Oil Company Total Energies](https://boereport.com/2026/09/19/venezuela-leader-rodriguez-signs-agreement-with-french-oil-company-total-energies/): Venezuela Interim President Delcy Rodriguez on Saturday signed a memorandum of understanding with French oil and gas company Total Energies, according to local media. It was the latest of a flurry of oil deals signed between multinational oil companies and Venezuela's new government, following the U.S.'s toppling of former president Nicolas Maduro in January. No
- [Westgate Energy Inc. Announces Upsizing of Bought Deal LIFE Offering to $6.5 Million](https://boereport.com/2026/09/17/westgate-energy-inc-announces-upsizing-of-bought-deal-life-offering-to-6-5-million/): THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. CALGARY, Alberta, Sept. 17, 2026 (GLOBE NEWSWIRE) -- Westgate Energy Inc. (the “Company” or “Westgate”) (TSXV: WGT) is pleased to announce that, due to investor demand, it has entered into an amended agreement with Haywood
- ['Why walk away?': Emotional Danielle Smith speaks against separation at online forum](https://boereport.com/2026/09/19/why-walk-away-emotional-danielle-smith-speaks-against-separation-at-online-forum/): CALGARY - An emotional Premier Danielle Smith held back tears Saturday as she recounted a long list of historic indignities Albertans have suffered at the hands of the federal government. Smith was the opening speaker at a virtual assembly discussing Alberta's future in Canada, an event co-hosted by former Opposition leader and conservative elder statesman
- [Christine Fréchette claims more Quebecers are warming up to fracking](https://boereport.com/2026/09/19/christine-frechette-claims-more-quebecers-are-warming-up-to-fracking/): Shale gas became an issue on the campaign trail Saturday as Coalition Avenir Québec leader Christine Fréchette claimed more Quebecers are warming up to fracking amid trade tensions with the United States. Fracking has been raised during the Quebec election campaign, especially with the Quebec Conservatives pushing fossil fuels to boost the economy. Fréchette was
- [Iran says it has conveyed conditions to re-engage in talks, end war with US](https://boereport.com/2026/09/19/iran-says-it-has-conveyed-conditions-to-re-engage-in-talks-end-war-with-us/): Iran has conveyed its conditions to mediators for re-engaging in negotiations aimed at ending the war with the US, Al Jazeera cited Iran's Security Chief Mohsen Rezaei as saying in an interview on Saturday. The conditions include ending the war on all fronts, unfreezing Iranian funds and ending the naval blockade, Rezaei said, adding that
- [Shell-led LNG Canada could approve Phase 2 expansion by early October, sources say](https://boereport.com/2026/09/17/shell-led-lng-canada-could-approve-phase-2-expansion-by-early-october-sources-say/): Partners in the Shell-led LNG Canada export project could reach a final investment decision on its Phase 2 expansion as early as next month, three people familiar with the matter told Reuters. The expansion would add a further 14 million metric tons per annum (mtpa) of liquefied natural gas export capacity to the facility in
- [US natural gas prices hold steady as higher LNG flows counter rising output](https://boereport.com/2026/09/18/us-natural-gas-prices-hold-steady-as-higher-lng-flows-counter-rising-output/): US natural gas futures held steady as bullish forecasts for more demand next week and an increase in daily flows to liquefied natural gas export plants offset a bearish increase in output and ample amounts of gas in storage. Front-month gas futures for October delivery on the New York Mercantile Exchange rose 1.1 cents, or
- [Record US diesel prices squeeze farmers; food prices may rise](https://boereport.com/2026/09/18/record-us-diesel-prices-squeeze-farmers-food-prices-may-rise/): In northeast Missouri, Addie Yoder, a corn, soybean and cattle farmer, runs two combines, three semi-trucks and several tractors from mid-September to late October to harvest and transport her crops. With diesel prices at record highs and just one combine requiring 300 gallons of the fuel, the best she can do is try to curb
- [US, China discuss cutting tariffs on US LNG ahead of Xi visit](https://boereport.com/2026/09/18/us-china-discuss-cutting-tariffs-on-us-lng-ahead-of-xi-visit/): The US and China are discussing a plan to reduce or eliminate China's tariffs on American LNG as part of a broader package of energy and agriculture agreements that could be announced when Chinese President Xi Jinping visits Washington next week, according to two people briefed on the discussions. The potential relief on US exports
- [US energy firms add rigs for second week to highest since May 2024, Baker Hughes says](https://boereport.com/2026/09/18/us-energy-firms-add-rigs-for-second-week-to-highest-since-may-2024-baker-hughes-says/): US energy firms this week added rigs for a second week in a row for the first time since July, energy services firm Baker Hughes said in its report on Friday. The total oil and gas rig count, an early indicator of future output, rose by four to 595 in the week to September 18,
- [Warren Buffett's road to investing glory](https://boereport.com/2026/09/18/warren-buffetts-road-to-investing-glory/): Warren Buffett, Berkshire Hathaway's former CEO and legendary investor, is stepping down as its chairman, marking the end of his executive duties at the firm he helped build into one of the world's largest conglomerates. Buffett, 96, will become chairman emeritus, an honorary title that typically does not include decision-making responsibilities. He will remain a
- [Argo's June Oil Production](https://boereport.com/2026/09/18/argos-june-oil-production-2/): Toronto, Ontario--(Newsfile Corp. - September 18, 2026) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") July 2026 oil production was 2,203 barrels, averaging 71 barrels per day. Oil prices averaged CAD$83 per barrel, and Argo's oil revenue was $182,443 and net operating cash flow was $109,516. July 2026 Oil Production Argo's
- [What would a Canada-EU energy alliance look like?](https://boereport.com/2026/09/18/what-would-a-canada-eu-energy-alliance-look-like/): CALGARY - Canada has the potential to bolster Europe's energy security through a new alliance, but experts say it doesn't necessarily mean tankers crossing the Atlantic Ocean laden with oil or liquefied natural gas. Prime Minister Mark Carney was in Strasbourg, France, this week where he and European Union leadership discussed strengthening ties on several
- [Saudis and Houthis exchange strikes, Yemenis flee by boat as Middle East war spreads](https://boereport.com/2026/09/17/saudis-and-houthis-exchange-strikes-yemenis-flee-by-boat-as-middle-east-war-spreads/): Saudi Arabia and Yemen's Iran-backed Houthis exchanged fresh strikes across their border on Thursday and Yemenis took to boats in the Red Sea to escape fighting, as the spreading Middle East war created new threats to global oil supplies. Houthi-controlled television reported Saudi airstrikes in Hajjah province close to the Saudi border near the Red
- [What commodity markets can expect from the Trump-Xi summit](https://boereport.com/2026/09/18/what-commodity-markets-can-expect-from-the-trump-xi-summit/): Trade in agriculture, energy and rare earths has become major bargaining chips in the trade war between the United States and China and are likely to feature again when President Donald Trump hosts his counterpart Xi Jinping in Washington next week. Here's what else we know: AGRICULTURE Agricultural goods, led by soybeans, are one of
- [Japan's refiners secured sufficient crude supplies through November, industry body says](https://boereport.com/2026/09/18/japans-refiners-secured-sufficient-crude-supplies-through-november-industry-body-says/): Japanese oil refiners have secured sufficient crude supplies through November despite concerns that fresh fighting between Saudi Arabia and Yemen's Houthis could widen Middle East tensions, the Petroleum Association of Japan said on Friday. Oil prices climbed to close to four-month highs earlier this week as sources said crude loadings at Saudi Arabia's Red Sea
- [Rising oil, rates and yields brew up stagflation cocktail for markets](https://boereport.com/2026/09/18/rising-oil-rates-and-yields-brew-up-stagflation-cocktail-for-markets/): The surge in energy and global borrowing costs as a result of the war in the Middle East is pushing economies and markets further towards a potentially damaging period of high inflation and slow growth. For now, stocks remain near record highs and economic growth, thanks to the avalanche of spending on the AI boom,
- [Record diesel prices could be Trump's Achilles' heel: Bousso](https://boereport.com/2026/09/18/record-diesel-prices-could-be-trumps-achilles-heel-bousso/): Unlike crude oil or gasoline, diesel rarely makes front-page news, yet it now has U.S. President Donald Trump’s full attention. Spiking prices for the fuel threaten to push inflation much higher, and taming it will be an epic challenge. Trump has recently shifted his focus from domestic gasoline prices to diesel. Last week, he urged
- [Odds of an interest rate hike from Bank of Canada this year have jumped](https://boereport.com/2026/09/18/odds-of-an-interest-rate-hike-from-bank-of-canada-this-year-have-jumped/): OTTAWA - Traders are increasingly betting that the Bank of Canada could end its string of interest rate holds and deliver a hike as early as next month. While many economists remain unconvinced that the central bank will raise the cost of borrowing this year, concerns that inflation could become a more persistent thorn than
- [Iran's IRGC says it struck Togo-flagged tanker in Strait of Hormuz](https://boereport.com/2026/09/17/irans-irgc-says-it-struck-togo-flagged-tanker-in-strait-of-hormuz/): Iran's Revolutionary Guards Navy said a Togo-flagged oil tanker was struck while attempting to make an "illegal passage" through the Strait of Hormuz on Thursday, Iranian state media said early on Friday. The tanker came to a halt after catching fire, the Revolutionary Guards Navy added. (Reporting by Hatem Maher)
- [Hemisphere Energy Provides Operations Update](https://boereport.com/2026/09/17/hemisphere-energy-provides-operations-update/): Vancouver, British Columbia--(Newsfile Corp. - September 17, 2026) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") provides an update on its operations at Marsden, Saskatchewan and Atlee Buffalo, Alberta. Marsden, Saskatchewan Hemisphere recently drilled two successful horizontal wells targeting the Colony Formation in the Marsden area. The wells have been on production for
- [OPINION: Canada’s Best Atlantic LNG Opportunity Is Already Built](https://boereport.com/2026/09/17/opinion-canadas-best-atlantic-lng-opportunity-is-already-built/): This week, many of the world’s largest investors gathered in Toronto for the Canada Investment Summit. The federal government wants to mobilize long‑term capital and advance major projects, and its prospectus correctly identifies East Coast LNG as well positioned to serve Europe. Yet Canada’s most practical Atlantic LNG opportunity was not among the projects showcased.
- [Only 2 of these 9 former junior oil and gas companies still remain - How consolidation has reshaped the Canadian E&P universe in 6 short years - StackDX Intel](https://boereport.com/2026/09/16/only-2-of-these-9-former-junior-oil-and-gas-companies-still-remain-how-consolidation-has-reshaped-the-canadian-ep-universe-in-6-short-years-stackdx-intel/): We came across an old overview table the other day from the spring of 2020. It listed publicly traded Canadian oil and gas producers covered by a research firm at the time. You'd hardly recognize the list today. Only two of the nine junior producers remain as independent public companies. Half of the small intermediates
- [Noralta Technologies Inc. Acquires ARG Group Inc., Expanding Its Footprint in the Lloydminster Region](https://boereport.com/2026/09/21/noralta-technologies-inc-acquires-arg-group-inc-expanding-its-footprint-in-the-lloydminster-region/): FOR IMMEDIATE RELEASE Acquisition brings nearly a decade of electrical and gas fitting expertise into Noralta's growing service network CALGARY, AB — September 21, 2026 — Noralta Technologies Inc. (“Noralta”) today announced that it has acquired ARG Group Inc. (“ARG”), a Lloydminster-based provider of electrical and gas fitting services. Founded in 2016, ARG has spent
- ['Moment we've been waiting for': Biz groups cheer Ottawa's tax deduction expansion](https://boereport.com/2026/09/15/moment-weve-been-waiting-for-biz-groups-cheer-ottawas-tax-deduction-expansion/): The federal government is expanding a tax incentive to cover a broader array of assets as it aims to drive $1 trillion of new investment in a move roundly applauded by business groups. Prime Minister Mark Carney announced the "productivity mega deduction" during the Canada Investment Summit underway in Toronto. It builds on a measure
- [Energy Demand Growth Will Limit More-Ambitious Climate Goals, S&P Global Energy Study Finds](https://boereport.com/2026/09/17/energy-demand-growth-will-limit-more-ambitious-climate-goals-sp-global-energy-study-finds/): Holding global temperature rise to 2 degrees Celsius by end of century remains possible - though increasingly challenged - while more ambitious targets increasingly out of reach, new country-specific analysis shows NEW YORK, Sept. 17, 2026 /PRNewswire/ -- The global economy is on the cusp of a major shift where most of future global energy
- [Trump hopes Iran war nearing end as Houthi-Saudi fighting escalates](https://boereport.com/2026/09/16/trump-hopes-iran-war-nearing-end-as-houthi-saudi-fighting-escalates/): U.S. President Donald Trump said he hoped an end to the war against Iran was near, as the conflict, in its seventh month, escalated with Saudi aircraft pounding Yemen and Houthi fighters launching drones and missiles at Saudi cities. The Iran-backed Houthis' lightning advance in Yemen along the Red Sea and their attacks on Saudi
- [Oil prices extend losses on easing fears of Middle East supply disruption](https://boereport.com/2026/09/16/oil-prices-extend-losses-on-easing-fears-of-middle-east-supply-disruption/): Oil prices eased on Thursday, extending losses on reports of Saudi Arabia offering extra crude cargoes through Oman, which reduced fears of supply disruptions, but stayed above $100 on concerns about the Middle East conflict expanding. Brent crude futures dropped $1.88, or 1.8%, to $103.95 a barrel by 0632 GMT, while U.S. West Texas Intermediate
- [Global LNG prices could spike this winter on low European gas stocks](https://boereport.com/2026/09/16/global-lng-prices-could-spike-this-winter-on-low-european-gas-stocks/): Global LNG prices could shoot higher this winter as Europe holds its lowest stocks in years and North Asian buyers face increased competition with the Strait of Hormuz still closed, executives said at an industry conference this week. Europe will enter this winter more vulnerable than usual amid storage levels that are lower than last
- [Precision Drilling Announces Renewal of Normal Course Issuer Bid](https://boereport.com/2026/09/16/precision-drilling-announces-renewal-of-normal-course-issuer-bid-3/): CALGARY, Alberta, Sept. 16, 2026 (GLOBE NEWSWIRE) -- This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release.
- [Gibson Energy Announces Renewal of Normal Course Issuer Bid](https://boereport.com/2026/09/16/gibson-energy-announces-renewal-of-normal-course-issuer-bid-6/): All financial figures are in Canadian dollars. CALGARY, Alberta, Sept. 16, 2026 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today the renewal of its Normal Course Issuer Bid (“NCIB”). The Toronto Stock Exchange (the “TSX”) has accepted Gibson’s notice of intention to commence its NCIB for an additional one-year
- [LNG spot price surge deters Asian buyers, but saves Europe: Russell](https://boereport.com/2026/09/16/lng-spot-price-surge-deters-asian-buyers-but-saves-europe-russell/): Asia's imports of liquefied natural gas are set for the weakest September in eight years as high spot prices deter buyers in China and South Asia. The top-importing continent is expected to see arrivals of 20.09 million metric tons of the super-chilled fuel in September, the lowest for this month since the 19.88 million in
- [Greenfire Resources Announces Closing of Rights Offering](https://boereport.com/2026/09/16/greenfire-resources-announces-closing-of-rights-offering/): Calgary, Alberta--(Newsfile Corp. - September 16, 2026) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company") is pleased to announce the successful completion of its previously announced C$775 million offering of rights (the "Rights") to all eligible Greenfire shareholders to purchase additional common shares of the Company (the "Common Shares") which expired
- [ExxonMobil nears Venezuela oil deal, WSJ reports](https://boereport.com/2026/09/16/exxonmobil-nears-venezuela-oil-deal-wsj-reports/): ExxonMobil is nearing a preliminary deal to invest in Venezuela's oil fields while negotiating a potential return to the country nearly two decades after its exit, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. ExxonMobil could sign a memorandum of understanding with state-run Petróleos de Venezuela as soon as this
- [New Federal Tax Changes Could Boost Canadian Energy Investment](https://boereport.com/2026/09/16/new-federal-tax-changes-could-boost-canadian-energy-investment/): The federal government announced major new tax incentives Monday aimed at encouraging companies to invest more money in Canada, with potentially significant benefits for the oil and gas and LNG sectors. The new Productivity Mega Deduction will allow businesses to immediately write off a much larger share of new investment rather than deducting those costs
- [Plains to Acquire Powder River Basin Assets from Silver Creek Midstream](https://boereport.com/2026/09/16/plains-to-acquire-powder-river-basin-assets-from-silver-creek-midstream/): Strengthening Integration and Wellhead Connectivity in the Rockies HOUSTON, Sept. 16, 2026 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) (collectively, “Plains”) announced today that a wholly owned subsidiary has entered into a definitive agreement to acquire SCM PR II, LLC ("Silver Creek") from subsidiaries of Tailwater Capital
- [National Fuel Gas explores options for $5 billion natural gas production business, sources say](https://boereport.com/2026/09/16/national-fuel-gas-explores-options-for-5-billion-natural-gas-production-business-sources-say/): U.S. energy firm National Fuel Gas is exploring strategic options for its integrated natural gas production business, with any deal set to value the unit at around $5 billion, five people familiar with the matter said. The Williamsville, New York-based company, which traces its roots back to 1902 as a carve-out from John D. Rockefeller's
- [Continental Resources Signs Memorandum of Understanding with Petróleos de Venezuela, S.A. (PDVSA) to Operate and Develop the Ayacucho 2 Block in Venezuela's Orinoco Belt](https://boereport.com/2026/09/16/continental-resources-signs-memorandum-of-understanding-with-petroleos-de-venezuela-s-a-pdvsa-to-operate-and-develop-the-ayacucho-2-block-in-venezuelas-orinoco-belt/): OKLAHOMA CITY, Sept. 16, 2026 /PRNewswire/ -- Continental Resources, Inc. (Continental) today announced the signing of a Memorandum of Understanding (MOU) with PetrÓleos de Venezuela, S.A. (PDVSA) to operate and develop the Ayacucho 2 Block in Venezuela's Orinoco Oil Belt, one of the world's most prolific oil-producing regions. The parties intend to advance a long-term
- [Two pumping stations along Saudi East-West Pipeline damaged in recent attack, sources say](https://boereport.com/2026/09/16/two-pumping-stations-along-saudi-east-west-pipeline-damaged-in-recent-attack-sources-say/): Two pumping stations serving the vital East-West Pipeline in Saudi Arabia were damaged in an attack last week, with a repair timeline unclear, according to assessments from three oil and security sources. Saudi Aramco, which operates the 1,200 km (745-mile) pipeline running across the Arabian Peninsula, did not respond to a request for comment. Saudi
- [US crude stocks fall on strong exports, fuel inventories rise, EIA says](https://boereport.com/2026/09/16/us-crude-stocks-fall-on-strong-exports-fuel-inventories-rise-eia-says/): U.S. crude stocks fell amid strong exports while gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday. Crude inventories fell by 640,000 barrels to 423.4 million barrels in the week ended September 11, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.6 million-barrel draw. Crude
- [US oil and gas producer to unveil Venezuela investment, energy secretary says](https://boereport.com/2026/09/16/us-oil-and-gas-producer-to-unveil-venezuela-investment-energy-secretary-says/): A U.S. oil and gas producer will announce a major investment into Venezuela on Wednesday, U.S. Energy Secretary Chris Wright told Fox News. Foreign oil producers are migrating joint ventures and production sharing contracts in Venezuela as part of a sweeping energy reform, while new entrants - mostly U.S.-based firms - are committing to development
- [Everyone thank Trump?](https://boereport.com/2026/09/16/everyone-thank-trump/): I haven’t had hate mail in ages. Social media is the safest way to get a fix, it takes mere seconds, but over here it takes more work. That title above oughta do it. But I’m not kidding. Had the 2024 US election gone the other way, the chance that Canada would be pointed in
- [US Energy Secretary: 18 mln barrels of oil flowed through Gulf](https://boereport.com/2026/09/16/us-energy-secretary-18-mln-barrels-of-oil-flowed-through-gulf/): U.S. Energy Secretary Chris Wright said 18 million barrels of oil flowed through the Gulf on Tuesday. "We've risen the flow of oil out of the Persian Gulf to record highs right now. About 18 million barrels flowed out yesterday, basically pre-conflict levels," Wright said in an interview Wednesday with Fox News. (Reporting by Kat
- [Houthi blitz leaves Saudi Arabia exposed, Iran emboldened](https://boereport.com/2026/09/16/houthi-blitz-leaves-saudi-arabia-exposed-iran-emboldened/): The Houthi capture of ground overlooking the Bab el-Mandeb Strait has dealt Saudi Arabia its gravest setback in Yemen in years, exposing intelligence failures, the collapse of Yemeni allies and the limits of U.S. protection. A Houthi advance this week along the Red Sea coast and the capture of islands at the mouth of the
- [EU chief wants Canada to become an 'associate member'. What does that mean?](https://boereport.com/2026/09/16/eu-chief-wants-canada-to-become-an-associate-member-what-does-that-mean/): European Commission President Ursula von der Leyen said on Wednesday she wanted to open the door for Canada to become the European Union's first "associate member". Earlier this week, Canada's Prime Minister Mark Carney — who was in Strasbourg to listen to von der Leyen's annual State of the Union address — said Canada was
- [Equinor plans LNG expansion in early 2030s to meet European and Asian demand](https://boereport.com/2026/09/16/equinor-plans-lng-expansion-in-early-2030s-to-meet-european-and-asian-demand/): Equinor aims to expand its liquefied natural gas supply portfolio to between 10 million and 15 million metric tons per year (tpy) early in the next decade to meet demand from Europe and Asia, senior executives said on Thursday. The Norwegian producer is expected to announce a second deal to supply LNG to an Asian
- [Argentina escalates legal push against Falklands oil exploration firms](https://boereport.com/2026/09/15/argentina-escalates-legal-push-against-falklands-oil-exploration-firms/): Argentina will file new legal complaints against companies exploring for oil near the Falkland Islands, the government said on Tuesday, escalating Buenos Aires' campaign against businesses operating in the British overseas territory. The move is part of a broader push by President Javier Milei's government, which is also preparing legislation this week to toughen sanctions
- [Freehold Royalties Declares Dividend for September 2026](https://boereport.com/2026/09/15/freehold-royalties-declares-dividend-for-september-2026/): CALGARY, Alberta, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold) (TSX: FRU) announces that its Board of Directors has declared a dividend of Cdn. $0.09 per common share to be paid on October 15, 2026 to shareholders of record on September 29, 2026. These dividends are designated as “eligible dividends” for Canadian income
- [Wolf Midstream Announces $500 Million Phase Three Expansion of its NGL North System](https://boereport.com/2026/09/16/wolf-midstream-announces-500-million-phase-three-expansion-of-its-ngl-north-system/): CALGARY, AB, Sept. 16, 2026 /CNW/ -- Wolf Midstream (Wolf) is pleased to announce that it has reached a final investment decision to proceed with an expansion of its proprietary NGL North System, representing an incremental investment of approximately $500 million in Alberta, with support from its shareholder, Canada Pension Plan Investment Board (CPP Investments).
- [Chord Energy Announces Divestiture of Non-Operated Marcellus Assets](https://boereport.com/2026/09/16/chord-energy-announces-divestiture-of-non-operated-marcellus-assets/): HOUSTON, Sept. 16, 2026 /PRNewswire/ -- Chord Energy Corporation (NASDAQ: CHRD) ("Chord," "Chord Energy," or the "Company") announced today that one of its subsidiaries has entered into an agreement to sell its entire non-operated Marcellus position to POSCO International Corporation for total gross consideration of $550MM. The transaction is expected to close in the fourth
- [Oil slips on US stock build, Middle East disruptions limit losses](https://boereport.com/2026/09/15/oil-slips-on-us-stock-build-middle-east-disruptions-limit-losses/): Oil prices fell on Wednesday, retreating after a two-day rally following an unexpectedly large build in U.S. crude inventories, while supply disruptions in the Middle East lingered. Brent crude futures fell 73 cents, or 0.67%, to $108.02 a barrel at 0450 GMT, while U.S. West Texas Intermediate futures were down $1.1, or 1.04%, at $104.73
- [Greenfire Resources Announces Preliminary Results for Rights Offering](https://boereport.com/2026/09/16/greenfire-resources-announces-preliminary-results-for-rights-offering-2/): Calgary, Alberta--(Newsfile Corp. - September 16, 2026) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company") is pleased to announce preliminary results of its C$775 million rights offering, which expired at 4:00 p.m. (Calgary time) on September 15, 2026 (the "expiration date"). Upon closing of the rights offering, the Company expects to
- [Peyto Exploration & Development Corp. Confirms Monthly Dividend for October 15, 2026](https://boereport.com/2026/09/15/peyto-exploration-development-corp-confirms-monthly-dividend-for-october-15-2026/): CALGARY, Alberta, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto") confirms that the monthly dividend with respect to September 2026 of $0.12 per common share is to be paid on October 15, 2026, for shareholders of record on September 30, 2026. Dividends paid by Peyto to Canadian residents are
- [Westgate Energy Inc. Announces $5 Million Private Placement Bought Deal Offering Under the Listed Issuer Financing Exemption](https://boereport.com/2026/09/15/westgate-energy-inc-announces-5-million-private-placement-bought-deal-offering-under-the-listed-issuer-financing-exemption/): THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. CALGARY, Alberta, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Westgate Energy Inc. (the “Company” or “Westgate”) (TSXV: WGT) is pleased to announce that it has entered into an agreement with Haywood Securities Inc. (“Haywood” or the
- [Saudi cancels some oil cargoes after pipeline hit, top buyer chasing alternatives](https://boereport.com/2026/09/15/saudi-cancels-some-oil-cargoes-after-pipeline-hit-top-buyer-chasing-alternatives/): Saudi Arabia has cut oil shipments to Europe after drone attacks damaged its key export pipeline to the Red Sea, trade sources told Reuters, prompting top customers such as Poland to rush to seek alternatives as cargo prices topped $120 a barrel. The attacks, which Saudi Arabia has blamed on Iraqi militia, forced the kingdom
- [Canadian LNG project signs third international offtake deal](https://boereport.com/2026/09/15/canadian-lng-project-signs-third-international-offtake-deal/): NISGA'A NATION, BC, Sept. 15, 2026 /CNW/ -- Canada has what the world wants, and to build a more prosperous, sovereign and resilient economy, we are expanding and strengthening our international energy exports. Providing Canadian energy to our allies reinforces global energy security, domestic prosperity, lower-carbon energy markets and Canada's position as an energy superpower. On
- [New oil and gas jobs from BOE Report Jobs](https://boereport.com/2026/09/15/new-oil-and-gas-jobs-from-boe-report-jobs-500/): Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title
- [Whitecap Resources Inc. confirms monthly dividend for September 2026 of $0.0608 per share](https://boereport.com/2026/09/15/whitecap-resources-inc-confirms-monthly-dividend-for-september-2026-of-0-0608-per-share/): CALGARY, AB, Sept. 15, 2026 /CNW/ -- Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.0608 per common share in respect of September operations will be paid on October 15, 2026 to shareholders of record on September 30, 2026. This dividend is an eligible dividend for the purposes of the Income
- [TC Energy urges co-operation on growing network to meet 'generational' gas demand](https://boereport.com/2026/09/14/tc-energy-urges-co-operation-on-growing-network-to-meet-generational-gas-demand/): CALGARY - The pipeline company that moves three quarters of Western Canada's natural gas says it's prepared to keep investing in its vast Alberta network to meet "generational demand" for the fuel. TC Energy Corp. released its statement days after the leak of an Alberta cabinet report that raised concern over the Calgary company's ability
- [US energy chief says Saudi Arabia oil pipeline should be back online within days](https://boereport.com/2026/09/15/us-energy-chief-says-saudi-arabia-oil-pipeline-should-be-back-online-within-days/): Crude oil should be flowing through Saudi Arabia's vital East-West Pipeline within days, U.S. Energy Secretary Chris Wright told CNBC on Tuesday, after the kingdom was forced to temporarily close it following attacks by Iran-aligned groups. "It's still a detailed assessment, but I think it will be measured in days," Wright said on the sidelines
- [Enbridge launches open season for proposed Texas natgas pipe](https://boereport.com/2026/09/15/enbridge-launches-open-season-for-proposed-texas-natgas-pipe/): Canadian energy company Enbridge said on Tuesday it launched a non-binding open season for its proposed West Texas Express natural gas pipeline to transport gas west from the Waha area of the Permian Shale to markets in and around El Paso, Texas. The Permian is the biggest oil-producing shale basin in the United States. Gas
- [Oil loadings suspended at Saudi's Red Sea port of Yanbu, shipping sources say](https://boereport.com/2026/09/15/oil-loadings-suspended-at-saudis-red-sea-port-of-yanbu-shipping-sources-say/): Oil loadings at Saudi Arabia's Red Sea port of Yanbu have been suspended, days after the world's biggest crude exporter closed its East-West pipeline due to an attack by Yemen's Iran-aligned Houthis, shipping industry sources said on Tuesday. Saudi Aramco, which has increased use of the Yanbu terminal since the U.S. war with Iran began
- [Taylor Hill Land Inc.: Mannville Stack Property Divestiture](https://boereport.com/2026/09/15/taylor-hill-land-inc-mannville-stack-property-divestiture/): Taylor Hill Land Inc. (“Taylor Hill” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale of its mineral interests located in the greater Lloydminster area of east central Alberta (the “Properties.) The Properties could serve as a new core area for groups that are interested in exploration activity in
- [Bp conducts planned operational activities at 440,000-bpd Whiting refinery ](https://boereport.com/2026/09/14/bp-conducts-planned-operational-activities-at-440000-bpd-whiting-refinery/): Bp is conducting planned operational activities at 440,000-bpd whiting refinery over the next several days, the company said. "We expect these activities to include planned flaring that may be visible or audible to those nearby the refinery over this period," the company said in a social media post. (Reporting by Nicole Jao in New York
- [Thailand's PTT looking at new sources for LNG such as Oman, Mexico and Canada, executive says](https://boereport.com/2026/09/14/thailands-ptt-looking-at-new-sources-for-lng-such-as-oman-mexico-and-canada-executive-says/): Thailand's PTT is looking at new sources for liquefied natural gas such as Oman, North America and West Africa as it looks to diversify its portfolio amid geopolitical disruption, a senior company executive told Reuters on Tuesday. The largest LNG importer in Southeast Asia relies on spot supplies to meet 50% of its demand. Thailand
- [Hormuz crisis will end soon, Oman LNG chief exec says](https://boereport.com/2026/09/15/hormuz-crisis-will-end-soon-oman-lng-chief-exec-says/): The crisis around the Strait of Hormuz will end soon, the chief executive of Oman LNG said on Tuesday. The Hormuz crisis will not change the company's long term plans, Hamed Al Naamany told an industry forum in Bangkok. "We have already been planning to produce more, we've been working on it for a couple
- [Trump's Ukraine energy truce won't fix global diesel crunch: Bousso](https://boereport.com/2026/09/15/trumps-ukraine-energy-truce-wont-fix-global-diesel-crunch-bousso-2/): An energy infrastructure truce that U.S. President Donald Trump brokered between Russia and Ukraine could reduce one of the biggest immediate threats facing the global diesel market. But it is unlikely to reverse the severe supply crunch that has emerged this year. On Monday, the Republican president said Ukraine and Russia had agreed not to
- [LNG demand in China and India expected to recover when Mideast war ends](https://boereport.com/2026/09/15/lng-demand-in-china-and-india-expected-to-recover-when-mideast-war-ends/): China and India's LNG imports are likely to rebound from multi-year lows once the Middle East supply crunch ends and prices ease, industry executives expect, reversing a pick-up in coal and oil use to generate power due to the U.S.-Iran war. The conflict has prevented Qatar and the United Arab Emirates from exporting most of
- [China draws on crude inventories in August as refinery runs rise: Russell](https://boereport.com/2026/09/15/china-draws-on-crude-inventories-in-august-as-refinery-runs-rise-russell/): China dipped into its massive crude oil stockpile in August for the third month in the past four as increased refinery processing exceeded a modest increase in oil imports. Refineries processed about 640,000 barrels per day (bpd) more than what was available to them from imports and domestic oil production, according to calculations based on
- [Trump's Ukraine energy truce won't fix global diesel crunch: Bousso](https://boereport.com/2026/09/15/trumps-ukraine-energy-truce-wont-fix-global-diesel-crunch-bousso/): An energy infrastructure truce that U.S. President Donald Trump brokered between Russia and Ukraine could reduce one of the biggest immediate threats facing the global diesel market. But it is unlikely to reverse the severe supply crunch that has emerged this year. On Monday, the Republican president said Ukraine and Russia had agreed not to
- [Kremlin welcomes Trump's idea of energy truce with Ukraine, calls for sanctions removal](https://boereport.com/2026/09/15/kremlin-welcomes-trumps-idea-of-energy-truce-with-ukraine-calls-for-sanctions-removal/): The Kremlin said on Tuesday it welcomed a U.S. proposal for a Russia-Ukraine moratorium on attacking each other's energy infrastructure, while saying it was also necessary to protect seaborne exports and remove "illegal" sanctions on Russia. U.S. President Donald Trump said on Monday that Ukraine and Russia had agreed not to hit each other's energy
- [Surge Energy Inc. confirms October 2026 dividend](https://boereport.com/2026/09/15/surge-energy-inc-confirms-october-2026-dividend/): CALGARY, AB, Sept. 15, 2026 /CNW/ -- Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on October 15, 2026, in respect of September 2026 production, for the shareholders of record on September 30, 2026, will be $0.043333 per share. The dividend is an eligible dividend
- [Ksi Lisims LNG signs 20-year LNG supply agreement with Australia’s Santos](https://boereport.com/2026/09/14/ksi-lisims-lng-signs-20-year-lng-supply-agreement-with-australias-santos/): Press Release September 14, 2026 VANCOUVER – Ksi Lisims LNG LP ("Ksi Lisims LNG") has entered into a Heads of Agreement ("HOA") with Santos for the sale and purchase of 1 million tonnes per annum of LNG for a term of 20 years. "Santos has built one of the most significant LNG businesses in the
- [Australia's Santos signs two separate LNG agreements with POSCO Steel and Western LNG](https://boereport.com/2026/09/14/australias-santos-signs-two-separate-lng-agreements-with-posco-steel-and-western-lng/): Australia's Santos said on Tuesday it had signed a liquefied natural gas (LNG) supply agreement with POSCO Steel and a purchase agreement with Western LNG. Santos will supply LNG to POSCO Steel on a "delivered ex ship" basis for 10 years. It will be sourced from Santos' diversified global LNG portfolio, with supply starting in
- [Houthis strike Saudi targets anew as talks over Strait of Hormuz stall](https://boereport.com/2026/09/14/houthis-strike-saudi-targets-anew-as-talks-over-strait-of-hormuz-stall/): Yemen's Iran-aligned Houthis launched a new wave of attacks on Saudi Arabia and were digging into positions on the western coast of Yemen along the Red Sea, Yemeni officials said, as urgent deliberations took place in Riyadh over how to respond to their lightning advance. Meanwhile, Gulf Arab states postponed planned talks with Iran, raising
- [B.C.'s deficit forecast up $450M to $13.8B after calculation errors on gas royalties](https://boereport.com/2026/09/14/b-c-s-deficit-forecast-up-450m-to-13-8b-after-calculation-errors-on-gas-royalties/): VICTORIA - The British Columbia deficit forecast has grown by $450 million to a record-setting $13.8 billion, largely because of a "calculation error" on natural gas royalties, in a situation one critic describes as a state of "fiscal crisis." Finance Minister Josie Osborne, who just took over the finance portfolio last month, released the first
- [US EPA repeals carbon emission limits for power plants at G20 meeting](https://boereport.com/2026/09/14/us-epa-repeals-carbon-emission-limits-for-power-plants-at-g20-meeting/): The U.S. Environmental Protection Agency on Monday announced rules to repeal former President Joe Biden's limits on carbon emissions from coal- and gas-fired power plants and to prevent future climate-focused regulations of those facilities. The agency also proposed rescinding all remaining greenhouse gas emissions requirements for power plants to prevent future climate regulations targeting the
- [US oil export ban unlikely to lower energy prices, Interior secretary says](https://boereport.com/2026/09/14/us-oil-export-ban-unlikely-to-lower-energy-prices-interior-secretary-says/): U.S. Interior Secretary Doug Burgum said on Monday that a ban on U.S. oil or fuel exports would be unlikely to help lower energy prices for consumers amidst the Iran war. "We would consider an export ban if we thought that actually might lower prices, but that's not the case," Burgum told reporters at a
- [Discount on Western Canada Select widens with Joliet refinery outage](https://boereport.com/2026/09/14/discount-on-western-canada-select-widens-with-joliet-refinery-outage/): The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Monday, as Exxon Mobil brought its 264,000-barrel-per-day refinery in Joliet, Illinois offline after a power outage occurred on Sunday. WCS for October delivery in Hardisty, Alberta, settled at $17.35 a barrel below the U.S. benchmark WTI, according
- [Lotus Creek Exploration Inc. Announces Wilson Creek Development Program Update, New Corporate Presentation and Stock Option Grant](https://boereport.com/2026/09/14/lotus-creek-exploration-inc-announces-wilson-creek-development-program-update-new-corporate-presentation-and-stock-option-grant/): Calgary, Alberta--(Newsfile Corp. - September 14, 2026) - Lotus Creek Exploration Inc. (TSXV: LTC) ("Lotus Creek" or the "Company") is pleased to provide an operational update on its Wilson Creek Belly River development program. Wilson Creek Development Update In September 2026, Lotus Creek brought on production the remaining two gross (2.0 net) Belly River light oil
- [Cardinal Energy Ltd. Proceeding with Reford 2 Expansion and Announces Monthly Dividend for September](https://boereport.com/2026/09/14/cardinal-energy-ltd-proceeding-with-reford-2-expansion-and-announces-monthly-dividend-for-september/): Calgary, Alberta--(Newsfile Corp. - September 14, 2026) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to announce that it is advancing the expansion of its Reford 2 SAGD project that will increase nameplate capacity to 6,000 bbl/d. EXPANDING REFORD 2 SAGD PROJECT TO 6,000 BBL/D With a favorable crude oil price
- [Reliable Equipment and Field Support for Western Canadian Operations](https://boereport.com/2026/09/16/reliable-equipment-and-field-support-for-western-canadian-operations/): Across Western Canada’s drilling and completion sector, operational efficiency depends on more than equipment availability. Timely delivery, installation, maintenance, and field support also play an important role. For producers and operators working in Alberta and British Columbia, including the Montney and Charlie Lake regions, dependable service can help keep projects on schedule. Challenger Rig Rentals
- [Global investment firm Carlyle extends reach in Canada; purchases oil and gas firm Parallax](https://boereport.com/2026/09/14/global-investment-firm-carlyle-extends-reach-in-canada-purchases-oil-and-gas-firm-parallax/): Global investment firm Carlyle is expanding its reach in Canada through the acquisition of the privately owned Canadian oil and gas company Parallax. * The acquisition is the second in 12 months by Carlyle's energy group, which last year acquired Kiwetinohk Energy for approximately C$1.4 billion. * Carlyle has established a newly formed Canadian company
- [Oil stocks in US Strategic Petroleum Reserve fall to lowest level since 1982 ](https://boereport.com/2026/09/14/oil-stocks-in-us-strategic-petroleum-reserve-fall-to-lowest-level-since-1982/): Stocks of crude oil in the U.S. Strategic Petroleum Reserve fell to 285 million barrels last week, the lowest level since November 1982, according to data from the Department of Energy. The drawdowns are part of a U.S. agreement to release 172 million barrels from the facility. (Reporting by Anjana Anil in Bengaluru Editing by
- [Canada strengthens energy collaboration with Indo-Pacific countries to attract investment, create jobs and diversify trade](https://boereport.com/2026/09/14/canada-strengthens-energy-collaboration-with-indo-pacific-countries-to-attract-investment-create-jobs-and-diversify-trade/): OTTAWA, ON, Sept. 14, 2026 /CNW/ -- In an increasingly volatile world, Canada is building our sovereignty, security and strength by growing a vast trade network. Our free trade agreements already give Canadian businesses access to more than 1.5 billion consumers across 51 countries, and we are building on the momentum of the Prime Minister
- [Oil prices jump more than 2% after new strikes on Saudi, Strait of Hormuz](https://boereport.com/2026/09/13/oil-prices-jump-more-than-2-after-new-strikes-on-saudi-strait-of-hormuz/): Oil prices jumped more than 2% on Monday, after new Houthi strikes on Saudi Arabia and Iranian attacks on ships in the Gulf compounded supply concerns following the closure of a key Saudi oil pipeline. Brent crude futures rose $2.90, or 2.77%, to $107.51 per barrel as of 2313 GMT. WTI futures rose $2.27, or
- [Carlyle-backed Avenrock Energy to Acquire Parallax Energy](https://boereport.com/2026/09/14/carlyle-backed-avenrock-energy-to-acquire-parallax-energy/): Acquisition establishes leading Western Canadian light oil platform; experienced energy executive Paul Smith appointed CEO Calgary, Canada, 14 September 2026 – Avenrock Energy Inc. (“Avenrock”), a newly formed Canadian energy company backed by global investment firm Carlyle (NASDAQ: CG), today announced that it has agreed to acquire Parallax Energy Operating Inc. (“Parallax”) from Carnelian Energy
- [Amid a trade war, wide majorities of British Columbians back pipelines and energy development as the engine of affordability and innovation](https://boereport.com/2026/09/14/amid-a-trade-war-wide-majorities-of-british-columbians-back-pipelines-and-energy-development-as-the-engine-of-affordability-and-innovation/): Net support reaches +53 for natural gas pipelines and +38 for oil pipelines, with British Columbians ranking resource exports the best way to fund public priorities and keep the province affordable for young innovators. CALGARY, AB, Sept. 14, 2026 /CNW/ -- Support for foundational resource projects in British Columbia is substantially higher than the province's
- [International Petroleum Corporation Announces Results of Normal Course Issuer Bid](https://boereport.com/2026/09/14/international-petroleum-corporation-announces-results-of-normal-course-issuer-bid-92/): TORONTO, Sept. 14, 2026 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 46,354 IPC common shares (ISIN: CA46016U1084) during the period of September 7 to 11, 2026 under IPC’s previously announced normal course issuer bid / share repurchase program
- [Europe gas reserves low and Hormuz crisis could be prolonged, CEO of Japan's JERA says ](https://boereport.com/2026/09/13/europe-gas-reserves-low-and-hormuz-crisis-could-be-prolonged-ceo-of-japans-jera-says/): Europe's gas reserves are low and the situation around the Strait of Hormuz may be prolonged, the global CEO of JERA, Japan's biggest power ​generator, said on Monday. Liquefied natural gas and gas from Russia to Europe will stop on January 1 next year, and gas prices may rise further, Yukio Kani, Global CEO and
- [ExxonMobil executive sees US accounting for 30% of global LNG market by 2030](https://boereport.com/2026/09/14/exxonmobil-executive-sees-us-accounting-for-30-of-global-lng-market-by-2030/): U.S. liquefied natural gas supply will grow and make up about 30% of the global total by 2030, an ExxonMobil executive said on Monday. "The U.S. has emerged as a major LNG supplier … North America is one of the largest producing regions for gas in the world," Peter Clarke, senior vice president of LNG
- [Gas market expected to grow by two-thirds by 2050, Shell executive says ](https://boereport.com/2026/09/14/gas-market-expected-to-grow-by-two-thirds-by-2050-shell-executive-says/): The gas market is expected to grow by two-thirds by 2050, a senior executive with Shell said on Monday. Cederic Cremers, President for Integrated Gas at Shell told an industry forum the company's liquefied natural gas sales were expected to grow by 4% to 5% per year between 2025 and 2030. He added that world
- [China Gas signs 20-year LNG import deal with US-based Venture Global](https://boereport.com/2026/09/14/china-gas-signs-20-year-lng-import-deal-with-us-based-venture-global/): China Gas Holdings will buy 0.5 million metric tons of U.S. liquefied natural gas (LNG) from Venture Global for twenty years starting in 2030, the two companies said on Monday. The deal comes ahead of Chinese President Xi Jinping's expected trip to Washington this month. China halted imports of U.S. LNG in March 2025 after
- [Unwanted in the U.S., old oil equipment finds a new home in Venezuela](https://boereport.com/2026/09/14/unwanted-in-the-u-s-old-oil-equipment-finds-a-new-home-in-venezuela/): In the sweltering heat in Humble, Texas, just outside Houston, two workers were flattening out a yard with heavy compaction rollers, making room for pre-owned and auctioned U.S. oilfield equipment destined for a hoped-for oil revival in Venezuela. At the edge of the yard sits a weathered, rusting heavy-duty commercial truck covered in dirt. The
- [Concourse Petroleum Inc.: Property Divestiture](https://boereport.com/2026/09/14/concourse-petroleum-inc-property-divestiture/): Concourse Petroleum Inc. (“Concourse” or the “Company”) has engaged Sayer Energy Advisors to assist it with the sale of its oil and natural gas interests located in the Latornell area of Alberta and the Martin area of British Columbia (the “Properties”). At Latornell, Concourse holds a 100% working interest in 43 sections of land
- [Baker Hughes and Venture Global Advance Next Phase of U.S. Gas Infrastructure Growth](https://boereport.com/2026/09/13/baker-hughes-and-venture-global-advance-next-phase-of-u-s-gas-infrastructure-growth/): Secured a substantial order to supply gas compression systems for the Cloud Connector Pipeline project Awarded a major order for a modular liquefaction solution supporting Plaquemines LNG facility expansion Awards deepen long-standing strategic collaboration with Venture Global HOUSTON and LONDON, Sept. 13, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) and Venture Global LNG are
- [Gulf states call off meeting with Iran, Houthis launch new attack on Saudi](https://boereport.com/2026/09/14/gulf-states-call-off-meeting-with-iran-houthis-launch-new-attack-on-saudi/): Arab states in the Gulf called off a meeting with Iran planned for Monday, while Yemen's Houthis launched a new attack on Saudi Arabia after fighting that has extended the Middle East war to another theatre and further jeopardised global oil supplies. The Iran-aligned Houthis in Yemen said they fired dozens of missiles and drones
- [Trend of oil shipments through Hormuz rising, US's Wright says](https://boereport.com/2026/09/14/trend-of-oil-shipments-through-hormuz-rising-uss-wright-says/): The seven-day rolling average of covert oil shipments accompanied by the U.S. Navy through the Strait of Hormuz is rising and will continue to rise, U.S. Energy Secretary Chris Wright said at a meeting of the U.N. nuclear watchdog on Monday. "The trend in that seven-day rolling average has been going up and will continue
- [When it comes to crude oil prices, it's location, location, location: Russell](https://boereport.com/2026/09/14/when-it-comes-to-crude-oil-prices-its-location-location-location-russell/): A chasm in pricing crude oil has emerged — barrels constrained by choke points are being offered at sometimes massive discounts while those that can move freely command generous premiums. The gap continues to widen as the Middle East conflict worsens, with Yemen's Iran-aligned Houthis making rapid advances to threaten complete control of the Bab
- [Enbridge Announces the Closing of CDN$3.0 BillionCommon Equity Offering Inclusive of Underwriters' Over-Allotment Option](https://boereport.com/2026/09/14/enbridge-announces-the-closing-of-cdn3-0-billioncommon-equity-offering-inclusive-of-underwriters-over-allotment-option/): CALGARY, AB, Sept. 14, 2026 /PRNewswire/ -- Enbridge Inc. (TSX: ENB) (NYSE: ENB) ("Enbridge" or the "Company") today announced it has closed its previously announced public offering (the Offering) of common shares by a syndicate of underwriters led by RBC Capital Markets and CIBC Capital Markets, and including Scotiabank, BMO Capital Markets, TD Securities Inc.,
- [Obsidian Energy Provides an Operational and Guidance Update](https://boereport.com/2026/09/14/obsidian-energy-provides-an-operational-and-guidance-update/): Calgary, Alberta--(Newsfile Corp. - September 14, 2026) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") provides an update to our second-half capital program and 2026 guidance (all amounts are in Canadian dollars unless otherwise noted). Highlights: Second-half 2026 development program advancing with two rigs active in
- [Oil markets survived the Iran war sprint. Now comes the marathon: Bousso](https://boereport.com/2026/09/13/oil-markets-survived-the-iran-war-sprint-now-comes-the-marathon-bousso/): The widening of the Mideast conflict into Yemen and drone strikes on a critical Saudi oil pipeline highlight an uncomfortable reality: the Iran war is no longer a short-lived energy supply shock, but a prolonged, unpredictable test of global economic endurance. With crude oil back above $100 a barrel, markets are adjusting to a new
- [US EPA poised to repeal carbon standards for gas, coal power plants, Bloomberg News reports](https://boereport.com/2026/09/13/us-epa-poised-to-repeal-carbon-standards-for-gas-coal-power-plants-bloomberg-news-reports/): The U.S. Environmental Protection Agency is poised to formally repeal carbon pollution standards for coal- and gas-fired power plants, Bloomberg News reported on Sunday, citing people familiar with the matter. The latest climate rollback is expected to come as soon as Monday on the sidelines of the G20 energy ministers' meeting in Houston, Texas, according
- [Saudis shut down oil pipeline as Houthis tighten grip on Red Sea shipping](https://boereport.com/2026/09/11/saudis-shut-down-oil-pipeline-as-houthis-tighten-grip-on-red-sea-shipping/): Saudi Arabia has shut down its East-West pipeline after the vital oil conduit came under aerial attack in the widening Middle East war. The world’s largest crude oil exporter temporarily closed the pipeline after a drone attack that both Baghdad and Riyadh said had originated in Iraq, where Iranian-backed militias operate. Iraq dismissed a military
- [Diplomacy stumbles with postponement of meeting on Strait of Hormuz proposal](https://boereport.com/2026/09/13/diplomacy-stumbles-with-postponement-of-meeting-on-strait-of-hormuz-proposal/): Middle East diplomacy appeared to falter heading into Monday with the postponement of a meeting between Iran and other Persian Gulf powers, while fresh attacks around the region's two most important oil transit routes deepened concern over global energy supplies. Oil prices jumped as markets reopened on Monday, following developments that threaten supplies from the
- [Trump tells Ukraine's Zelenskiy to stop hitting Russian diesel](https://boereport.com/2026/09/13/trump-tells-ukraines-zelenskiy-to-stop-hitting-russian-diesel/): U.S. President Donald Trump on Sunday called on Ukrainian President Volodymyr Zelenskiy to stop targeting Russian diesel infrastructure, saying the attacks were causing a shortage of the fuel that is "hurting the world". A wave of long-distance Ukrainian drone attacks on Russian oil refineries in recent months has reduced that country's fuel production, triggering gasoline
- [New report of attack on Strait of Hormuz shipping fans fears of threats to oil supplies](https://boereport.com/2026/09/12/new-report-of-attack-on-strait-of-hormuz-shipping-fans-fears-of-threats-to-oil-supplies/): Maritime trackers received new reports of an attack on a ship in the Strait of Hormuz on Sunday, adding to concerns about Iran-related threats to energy supplies after Saudi Arabia shut down a vital oil pipeline. The British navy-affiliated agency ‌UKMTO said it had a report of a projectile hitting a vessel as it moved
- [Iran-Oman understanding does not provide for immediate reopening of Strait of Hormuz, Tasnim reports](https://boereport.com/2026/09/12/iran-oman-understanding-does-not-provide-for-immediate-reopening-of-strait-of-hormuz-tasnim-reports/): An understanding between Iran and Oman does not provide for the immediate reopening of the Strait of Hormuz but establishes the basis on which it could reopen, an Iranian source told the semi-official Tasnim news agency on Saturday. The source said the arrangement would be a step towards Iran exercising sovereignty over the strait and
- [Alberta's Smith says Crown corporation for natural gas unlikely after report leaked](https://boereport.com/2026/09/12/albertas-smith-says-crown-corporation-for-natural-gas-unlikely-after-report-leaked/): EDMONTON - Alberta Premier Danielle Smith says it's unlikely her government will launch a new Crown corporation to build out natural gas pipelines in the province. It comes after a leaked report to Smith's cabinet recommended the province move forward with legislation and create Crown corporations to spur new natural gas transmission lines in order
- [Houthi advance in Yemen puts U.S. in a new bind](https://boereport.com/2026/09/12/houthi-advance-in-yemen-puts-u-s-in-a-new-bind/): A lightning offensive by the Iran-aligned Houthis has put the militants in a position to control a crucial Middle East waterway, creating a major new problem for U.S. President Donald Trump as his war with Iran grinds on in its seventh month. Widening the Middle East conflict, Houthi fighters have advanced south along Yemen's coast,
- [US limits air defence time slots for tankers sailing through Hormuz, FT reports](https://boereport.com/2026/09/12/us-limits-air-defence-time-slots-for-tankers-sailing-through-hormuz-ft-reports/): The U.S. has asked tankers travelling through the Strait of Hormuz to sail only at specific times to guarantee military protection after Iran stepped up attacks on ships travelling at night, the Financial Times reported on Saturday. Washington has been offering air-based defence since May to ships wanting to sail via a route hugging the
- [Iraq agrees to Iran request for joint investigation into drone launch sites](https://boereport.com/2026/09/12/iraq-agrees-to-iran-request-for-joint-investigation-into-drone-launch-sites/): Iraqi Prime Minister Ali Faleh al-Zaidi has agreed to an Iranian request for a joint investigation into the discovery of drone launch platforms near the Iraqi-Iranian border, the prime minister's office said on Saturday. The investigation will examine the circumstances surrounding the discovery of the platforms near the border area, the statement said, after it
- [Trump says Iran probably responsible for attack on Saudi pipeline](https://boereport.com/2026/09/12/trump-says-iran-probably-responsible-for-attack-on-saudi-pipeline/): U.S. President Donald Trump said on Saturday that Iran was probably responsible for an aerial attack on Saudi Arabia that shut down its East-West pipeline, one of the kingdom's main routes for exporting crude while bypassing the Strait of Hormuz. "I think they are, probably they are," Trump told reporters in Dublin when asked if
- [Satellite imagery shows smoke in vicinity of Saudi Arabia's East-West oil pipeline](https://boereport.com/2026/09/11/satellite-imagery-shows-smoke-in-vicinity-of-saudi-arabias-east-west-oil-pipeline/): Satellite imagery showed smoke on Thursday in the vicinity of Saudi Arabia's East-West oil pipeline. There was no confirmation from Saudi Arabia of an incident in the area, and the Saudi government media office and state oil giant Aramco did not immediately respond to requests for comment on the smoke visible in the imagery verified
- [Saudi East-West ⁠oil pipeline was temporarily shut down after attacks, state media reports](https://boereport.com/2026/09/11/saudi-east-west-⁠oil-pipeline-was-temporarily-shut-down-after-attacks-state-media-reports/): The Saudi energy ministry said the vital East-West ⁠oil pipeline was temporarily shut down after several attacks on the pipeline in the Riyadh and Medina regions on Thursday, adding some people were injured and received medical treatment, state media reported citing a source at the Saudi energy ministry. (Reporting by Yasmine Ghania and Ahemed Tolba)
- [Journey Energy Announces Purchase of Strategic Infrastructure and Posts Updated Corporate Presentation](https://boereport.com/2026/09/11/journey-energy-announces-purchase-of-strategic-infrastructure-and-posts-updated-corporate-presentation/): Calgary, Alberta--(Newsfile Corp. - September 11, 2026) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to announce that it has closed the acquisition of a private company ("PrivateCo"), for total consideration of $8.0 million subject to customary closing adjustments. PrivateCo's primary asset is a 0.98% working interest in the
- [Kino Aski LNG and Naftogaz Group Explore Partnership to Supply Europe with Canadian LNG](https://boereport.com/2026/09/11/kino-aski-lng-and-naftogaz-group-explore-partnership-to-supply-europe-with-canadian-lng/): Agreement opens the door to exploring long-term supplies of low-carbon Canadian LNG to European markets NITASKINAN, QC, Sept. 11, 2026 /CNW/ -- Kino Aski LNG and Naftogaz Group announce the signing of a Memorandum of Understanding (MoU) to explore potential cooperation on the long-term supply of low-carbon Canadian liquefied natural gas (LNG) to European markets.
- [US energy firms add rigs for first time in four weeks, Baker Hughes says](https://boereport.com/2026/09/11/us-energy-firms-add-rigs-for-first-time-in-four-weeks-baker-hughes-says/): U.S. energy firms added rigs this week for the first time in four weeks, energy services firm Baker Hughes said in its report on Friday. The total oil and gas rig count, an early indicator of future output, rose by three to 591 in the week to September 11, its highest since mid-August. Baker Hughes
- [White House weighs how to use Defense Production Act to expand US oil refining capacity, sources say](https://boereport.com/2026/09/11/white-house-weighs-how-to-use-defense-production-act-to-expand-us-oil-refining-capacity-sources-say/): The White House is weighing how to use the Defense Production Act to expand U.S. oil refining capacity as the conflict with Iran exposes the country's vulnerability to global crude supply disruptions and price spikes, according to two sources familiar with the administration's plans. Considering such an extraordinary step highlights how the Trump administration is
- [QatarEnergy seeks US LNG deals through to 2031, sources say](https://boereport.com/2026/09/11/qatarenergy-seeks-us-lng-deals-through-to-2031-sources-say/): QatarEnergy is negotiating with several producers to secure multi-year U.S. liquefied natural gas contracts through 2031 to replace capacity knocked out by Iranian attacks that will take years to repair, three trading and industry sources said. Discussions include with Venture Global, Cheniere and Woodside, two of the sources said. The contract talks are part of
- [Chevron CEO says depleted crude oil buffers could lead to higher prices](https://boereport.com/2026/09/11/chevron-ceo-says-depleted-crude-oil-buffers-could-lead-to-higher-prices/): Chevron CEO Mike Wirth said on Friday that oil buffers that limited crude price increases earlier in the Iran war have been depleted, and the conflict could lift prices further over the next few months. Since the war began in late February, countries have released some crude stockpiles to the market, and the U.S. also
- [Oil tanker rates hit record highs following Iran, US shipping attacks](https://boereport.com/2026/09/11/oil-tanker-rates-hit-record-highs-following-iran-us-shipping-attacks/): The cost of shipping oil in the largest tankers hit record highs this week following the biggest wave of attacks on shipping since the U.S.-Iran war began in late February. The shipping rate for supertankers - also called very large crude carriers or VLCCs - loading oil from the Gulf of Oman for shipment to
- [Chevron to fund $7 billion Venezuela investment with revenue from existing operations, CEO says](https://boereport.com/2026/09/11/chevron-to-fund-7-billion-venezuela-investment-with-revenue-from-existing-operations-ceo-says/): Chevron's planned $7 billion investment in Venezuela will come entirely from cash generated by the U.S. oil major's three existing joint ventures in the country, not new outside capital, CEO Mike Wirth said on Friday. "We'll live entirely within the means of those ventures' ability to generate cash, not bring in cash from the outside,"
- [Bad credit blues: It's complicated](https://boereport.com/2026/09/08/bad-credit-blues-its-complicated/): One of the greatest financial lessons or benefits I ever received was long ago in university when RBC started handing out credit cards to students. Look at me, I’m an adult! I would think, as I slapped it down in the pub. The beauty of the card was that it had a $500 limit, because
- [The OSY Rentals 15th Annual FREE HOCKEY DRAFT is officially OPEN!](https://boereport.com/2026/09/14/the-osy-rentals-15th-annual-free-hockey-draft-is-officially-open/): https://boereport.com/wp-content/uploads/2026/09/OSY-hockey-draft-2026-27.mp4 The OSY Rentals 15th Annual FREE HOCKEY DRAFT is officially OPEN! Sources are reporting that after months of intense negotiations, absolutely zero salary cap concerns, and several questionable scouting decisions, OSY Rentals is officially bringing back its 15th Annual Free Hockey Draft. League insiders are calling it “completely unnecessary, wildly competitive, and somehow still free.” Here’s
- [Trump advisers warn Iran conflict may last through end of his term, WSJ reports](https://boereport.com/2026/09/10/trump-advisers-warn-iran-conflict-may-last-through-end-of-his-term-wsj-reports/): Top White House advisers, including Vice President JD Vance and Secretary of State Marco Rubio, have privately warned President Donald Trump that the conflict with Iran could extend through the remainder of his presidency, the Wall Street Journal reported on Wednesday, citing U.S. officials. The White House did not immediately respond to a Reuters request
- [Global bonds buckle as surging oil prices inflame inflation risks](https://boereport.com/2026/09/10/global-bonds-buckle-as-surging-oil-prices-inflame-inflation-risks/): Global bond yields spiked to new highs and sharemarkets slumped on Friday as soaring oil prices inflamed inflation risks, sending investors scrambling to price in more policy tightening from central banks across the globe. Brent crude climbed to a four-month high of $109.97 a barrel on Friday after a 6% overnight jump, capping a weekly
- [Hormuz shipping traffic falls to single digits, data shows](https://boereport.com/2026/09/10/hormuz-shipping-traffic-falls-to-single-digits-data-shows/): Vessel transits at the Strait of Hormuz fell to seven on Thursday from 11 the previous day, preliminary ship-tracking data showed on Friday, well below the 10-day average of 15. Of the seven vessels, two Panamax ships exited the strait, one carrying fertiliser and the other sailing in ballast, according to data from ship tracker
- [How China's oil majors helped Beijing prepare for an energy crisis](https://boereport.com/2026/09/11/how-chinas-oil-majors-helped-beijing-prepare-for-an-energy-crisis/): China's state oil companies have been at the forefront of Beijing's increasing prioritisation of energy security over the past decade, making investments that have helped soften the blow from the closure of the Strait of Hormuz. Since 2018, Sinopec, PetroChina and CNOOC Ltd have spent hundreds of billions of dollars drilling domestically while also building
- [Norway oil and gas exploration round attracts bids from 21 firms, including Shell](https://boereport.com/2026/09/11/norway-oil-and-gas-exploration-round-attracts-bids-from-21-firms-including-shell/): Norway's energy ministry said on Friday it has received applications from 21 oil and gas companies seeking exploration acreage in the government's annual mature-areas (APA) licensing round. The number of companies rose by one from last year's APA round, as Shell made a comeback after being absent in 2025, the list of applicants showed. This
- [Italy moves to speed oil, gas projects in energy security push](https://boereport.com/2026/09/11/italy-moves-to-speed-oil-gas-projects-in-energy-security-push/): Italy adopted measures on Thursday aimed at boosting domestic oil and gas production, Prime Minister Giorgia Meloni said, seeking to cut red tape for drilling licences and reduce dependence on fossil fuel imports. Italy currently produces about 29 million barrels of crude oil a year, mainly in the southern region of Basilicata, and around 3
- [Banks hike oil price forecasts on prolonged Gulf disruptions](https://boereport.com/2026/09/11/banks-hike-oil-price-forecasts-on-prolonged-gulf-disruptions/): Banks including Goldman Sachs, Bank of America, and Commerzbank raised their Brent price forecasts this week, as persistent disruptions to Middle East shipping tightened oil markets and drove crude prices to multi-week highs. * Commerzbank on Friday raised its year-end Brent oil price forecast to $85 per barrel from its previous forecast of $75/bbl. *
- [Saudi oil supply hits more than three-decade low after Houthi attacks, IEA says](https://boereport.com/2026/09/11/saudi-oil-supply-hits-more-than-three-decade-low-after-houthi-attacks-iea-says/): Saudi Arabia's crude supply fell 2.3 million barrels per day on the month to 6 million bpd in August, the lowest level in more than three decades, the International Energy Agency said on Friday, citing attacks on Saudi energy facilities. The drop follows the targeting by groups linked to Yemen's Houthis of ships transiting the
- [Yemen's Houthis reach strategic island at mouth of vital shipping lane](https://boereport.com/2026/09/11/yemens-houthis-reach-strategic-island-at-mouth-of-vital-shipping-lane/): Yemen's Iran-aligned Houthis on Friday reached the strategic island of Perim in the Bab el-Mandeb Strait, four Yemeni government sources told Reuters, potentially tightening their grip on one of the world's vital shipping routes. Earlier, two sources from the Saudi-backed, internationally recognised Yemeni government said its forces had withdrawn from Perim and that the Houthis
- [IEA warns 2026 oil supply gap will widen on delayed return of normal Gulf flows](https://boereport.com/2026/09/11/iea-warns-2026-oil-supply-gap-will-widen-on-delayed-return-of-normal-gulf-flows/): Global oil supply and demand will fall further than previously thought this year, the International Energy Agency said on Friday, as a lack of progress in ending the Iran war delays the return of normal Middle East flows into 2027 and sends fuel prices soaring. An increase in attacks on oil tankers in Middle East
- [Advantage Announces Closing of Wembley Disposition](https://boereport.com/2026/09/11/advantage-announces-closing-of-wembley-disposition/): (TSX: AAV) CALGARY, AB, Sept. 11, 2026 /CNW/ -- Advantage Energy Ltd. ("Advantage" or the "Corporation") is pleased to announce that it has completed the previously announced sale of its assets in the Wembley area of Alberta (the "Wembley Assets") for gross cash proceeds of $316 million, prior to closing adjustments (the "Transaction"). The Transaction
- [AER Issues Abandonment Order to MAGA Energy Ltd.](https://boereport.com/2026/09/10/aer-issues-abandonment-order-to-maga-energy-ltd/): Announcement – September 9, 2026 AER Issues Abandonment Order to MAGA Energy Ltd. The Alberta Energy Regulator (the AER) has issued an Abandonment and reclamation Order to MAGA Energy Ltd. (MAGA) requiring the abandonment of MAGA’s wells, facilities and pipelines. Due to MAGA’s failure to comply with previously issued Orders by the AER in December of 2025
- [GLJ Strengthens Strategy & Sustainability Advisory Services to Support Complex Energy Decisions](https://boereport.com/2026/09/09/glj-strengthens-strategy-sustainability-advisory-services-to-support-complex-energy-decisions/): CALGARY, AB, September 9, 2026: GLJ Ltd. (“GLJ”), global energy consultants, has strengthened its Strategy & Sustainability Advisory offering to help clients identify risk exposure, create value and build long-term resiliency across increasingly complex energy markets. Organized around three interconnected business lines, Strategic Market Development, Premium Product Positioning and Sustainable Asset Performance, the team connects
- [US diesel price average crosses $6 a gallon for the first time, GasBuddy says](https://boereport.com/2026/09/10/us-diesel-price-average-crosses-6-a-gallon-for-the-first-time-gasbuddy-says/): The U.S. national average price of diesel surpassed $6 a gallon for the first time ever on Thursday, according to price tracker GasBuddy, as the U.S.-Iran war and Ukrainian attacks on Russia’s refineries have squeezed supply. The record comes as oil futures have climbed back above $100 a barrel on the intensification of conflict between
- [B.C. Crown land sale bonus revenues on pace for 8-year highs, while remaining just a fraction of 2008 levels - StackDX Intel](https://boereport.com/2026/09/10/b-c-crown-land-sale-bonus-revenues-on-pace-for-8-year-highs-while-remaining-just-a-fraction-of-2008-levels-stackdx-intel/): British Columbia’s Crown petroleum and natural gas land sale history tells a fascinating story of the evolution of the province’s oil and gas industry. There was the great Montney land rush of the late 2000s, when companies scrambled to establish positions in what was still an emerging unconventional play. There was the long decline that
- [New Houston terminal strengthens Canadian oil’s path to global markets](https://boereport.com/2026/09/10/new-houston-terminal-strengthens-canadian-oils-path-to-global-markets/): Facility expands access from Alberta oil sands to U.S. Gulf Coast refineries and export hubs Published on September 8, 2026 Author: Grady Semmens Canada’s oil producers have gained a new gateway to one of the world’s most important energy hubs with the opening of Enbridge’s Houston Oil Terminal (EHOT), strengthening market access to the U.S.
- [US crude oil output rises to fresh record of nearly 14 million barrels a day](https://boereport.com/2026/09/10/us-crude-oil-output-rises-to-fresh-record-of-nearly-14-million-barrels-a-day/): U.S. domestic crude oil production rose about 85,000 barrels per day to a record high of 13.95 million bpd in the week ended September 4, data from the Energy Information Administration showed on Thursday. The prior record was set in the week ended August 28 at 13.86 million bpd, according to EIA data. (Reporting by
- [Canada moves to streamline pipeline, major project reviews](https://boereport.com/2026/09/10/canada-moves-to-streamline-pipeline-major-project-reviews/): Canada has changed its federal impact assessment rules to remove interprovincial and international pipelines and several other types of energy projects from the Impact Assessment Act, as the government seeks to speed up major project approvals and reduce regulatory duplication. Under the changes, interprovincial and international pipelines will no longer face an assessment led under
- [US crude stocks fall, fuel inventories rise on strong refining, EIA says](https://boereport.com/2026/09/10/us-crude-stocks-fall-fuel-inventories-rise-on-strong-refining-eia-says/): U.S. crude oil inventories fell while gasoline and distillate stockpiles rose last week on robust refining activity, the U.S. Energy Information Administration said on Thursday. Crude inventories fell by 391,000 barrels to 424.1 million barrels in the week ended September 4, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.55
- [Joint Statement Between the Minister of Energy and Natural Resources of Canada and the First Deputy Prime Minister of Ukraine, Minister of Energy of Ukraine on Canada-Ukraine Energy Cooperation](https://boereport.com/2026/09/10/joint-statement-between-the-minister-of-energy-and-natural-resources-of-canada-and-the-first-deputy-prime-minister-of-ukraine-minister-of-energy-of-ukraine-on-canada-ukraine-energy-cooperation/): CALGARY, AB, Sept. 10, 2026 /CNW/ -- On September 10, 2026, Canada's Minister of Energy and Natural Resources Tim Hodgson and the First Deputy Prime Minister of Ukraine, Minister of Energy of Ukraine Denys Shmyhal met to discuss bilateral cooperation in the energy sector and opportunities to strengthen the long-standing partnership between Canada and Ukraine.
- [Brent crude rises above $100 a barrel as Middle East conflict intensifies](https://boereport.com/2026/09/09/brent-crude-rises-above-100-a-barrel-as-middle-east-conflict-intensifies/): Benchmark Brent crude oil futures rose past $100 a barrel on Wednesday, hitting a more than six-week high and breaching the symbolic threshold for the first time since July 24 as intensifying conflict in the Middle East heightened concernsabout oil flows from the region. Brent crude futures were up $2.01, or 2.05%, at $99.93 a
- [Ryanair CEO sees 'significant' rise in airfares if oil prices remain high into 2027](https://boereport.com/2026/09/10/ryanair-ceo-sees-significant-rise-in-airfares-if-oil-prices-remain-high-into-2027/): Ryanair chief executive Michael O'Leary on Thursday warned of a significant rise in airfares if oil prices remained high into next year but said the outlook for ticket prices for the coming months was "entirely up in the air". "If oil prices remain high into next year, I think there will be a significant uplift
- [China's EV penetration could reach 80% by 2030, Sinopec researcher says](https://boereport.com/2026/09/09/chinas-ev-penetration-could-reach-80-by-2030-sinopec-researcher-says/): China's electric vehicle penetration rate is expected to continue rising, albeit at a slower pace toward the end of the decade, to reach 75% to 80% by 2030, a researcher at state oil company Sinopec said on Thursday. The continued growth of the sector is set to curb oil demand in the world's largest crude
- [BrightSpot International Energy (Canada) Co. Ltd.: Property Divestiture](https://boereport.com/2026/09/10/brightspot-international-energy-canada-co-ltd-property-divestiture/): BrightSpot International Energy (Canada) Co. Ltd. (“BrightSpot” or the “Company”) and its working interest partner (collectively, the “Partners”) have engaged Sayer Energy Advisors to assist with the sale of their non-core oil and natural gas interests located in the Lloydminster area of Alberta (the “Property”). The Property consists of the Partners’ 100% working interest (60%
- [Asia's oil industry wants Trump to leave the Gulf, but expects he won't: Russell](https://boereport.com/2026/09/10/asias-oil-industry-wants-trump-to-leave-the-gulf-but-expects-he-wont-russell/): Asia's crude oil industry has a good idea of how to end the current crisis created by the Iran conflict. But they also know their wish is unlikely to be granted and they are hunkering down for an extended disruption to supplies from the Middle East. Across thousands of conversations at this week's APPEC conference
- [Where global gas and LNG infrastructure is growing: Maguire](https://boereport.com/2026/09/10/where-global-gas-and-lng-infrastructure-is-growing-maguire/): Natural gas and LNG have emerged as the fossil fuel industry's most important growth markets as demand for oil and coal comes under mounting pressure from electrification, efficiency gains and climate policies. Governments and utilities are increasingly turning to gas to support rising electricity demand and provide reliable power alongside expanding renewable energy supplies, triggering
- [Trump says Iran war to end after US midterm elections, threatens to attack Pickaxe Mountain ](https://boereport.com/2026/09/10/trump-says-iran-war-to-end-after-us-midterm-elections-threatens-to-attack-pickaxe-mountain/): President Donald Trump said he expected the war with Iran to end after the November U.S. midterm elections and threatened again to attack a site associated with the Islamic Republic's nuclear programme after the two sides launched their biggest wave of attacks on shipping since the start of the six-month-old war. Tensions in the region
- [China independent refiners scramble for oil, underpinning spot premiums](https://boereport.com/2026/09/10/china-independent-refiners-scramble-for-oil-underpinning-spot-premiums/): Chinese independent refiners have been rushing to secure crude from West Africa, Canada and South America in recent weeks, supporting spot premiums at multi-month highs as they replace thinning Iranian and Russian supplies, trade sources and analysts said. The purchases are set to further tighten physical markets as escalating attacks between the U.S. and Iran
- [Why is the Bab el-Mandeb Strait so important?](https://boereport.com/2026/09/10/why-is-the-bab-el-mandeb-strait-so-important/): The Iran-backed Houthis are seeking to control the whole Yemeni Red Sea coast, which would further consolidate their leverage over the Bab el-Mandeb Strait — one of the busiest and most contested global maritime chokepoints. The militant group has already declared a naval blockade against Saudi Arabia, the world's largest oil exporter, and Houthi dominance
- [Prospera Energy Announces Financing Update](https://boereport.com/2026/09/09/prospera-energy-announces-financing-update/): Calgary, Alberta--(Newsfile Corp. - September 9, 2026) - Prospera Energy Inc. (TSXV: PEI) (OTC Pink: GXRFF) ("Prospera", "PEI", the "Corporation", or the "Company") Private Placement Update Prospera announces a non-brokered private placement of up to 400,000,000 units at $0.03 per unit for aggregate gross proceeds of up to $12.0 million. The offering carries the same
- [Enbridge announces US$2.55-billion U.S. pipeline, storage acquisition](https://boereport.com/2026/09/09/enbridge-announces-us2-55-billion-u-s-pipeline-storage-acquisition/): CALGARY - Enbridge Inc. is further expanding its reach into the U.S. market with a US$2.55-billion deal to buy the crude oil business of Tallgrass Energy LP. The acquisition includes a 75 per cent interest in the Pony Express Pipeline, a 460,000-barrel-per-day system that connects oil from the Rockies region to Cushing, Okla., a major
- [Officials break ground on massive carbon capture project in central Alberta](https://boereport.com/2026/09/09/officials-break-ground-on-massive-carbon-capture-project-in-central-alberta/): CLIVE - A village in central Alberta is on track to house the country’s largest carbon capture project. Enhance Energy Inc., a carbon management company, says it has broken ground on its Origins project in Clive, Alta., about 140 kilometres south of Edmonton. Operations are slated to begin in January. The Origins carbon capture and
- [US pipeline operator Kinetik exploring potential sale, sources say](https://boereport.com/2026/09/09/us-pipeline-operator-kinetik-exploring-potential-sale-sources-say/): U.S. pipeline operator Kinetik Holdings is in the early stages of exploring a potential sale of the company, three sources familiar with the matter said on Wednesday. The company is working with advisers on the process, said the sources, who cautioned that no deal was guaranteed and spoke on condition of anonymity to discuss confidential
- [Enbridge Announces CDN$2.6 Billion Bought-Deal Offering of Common Shares](https://boereport.com/2026/09/09/enbridge-announces-cdn2-6-billion-bought-deal-offering-of-common-shares/): The Canadian base shelf prospectus is accessible, and the Canadian prospectus supplement or any amendment will be accessible, within two business days through SEDAR+. CALGARY, AB, Sept. 9, 2026 /CNW/ -- Enbridge Inc. (TSX: ENB) (NYSE: ENB) ("Enbridge" or the "Company") today announced that it has entered into an agreement with a syndicate of
- [Enbridge to Acquire Tallgrass' Crude Transportation Business, Expanding Its Leading North American Crude Oil Franchise](https://boereport.com/2026/09/09/enbridge-to-acquire-tallgrass-crude-transportation-business-expanding-its-leading-north-american-crude-oil-franchise/): CALGARY, AB, Sept. 9, 2026 /CNW/ -- Enbridge Inc. (TSX: ENB) (NYSE: ENB) ("Enbridge" or the "Company") announced today that, through a wholly-owned subsidiary, it has entered into a definitive agreement with wholly-owned subsidiaries of Tallgrass Energy, LP ("Tallgrass") to acquire its crude oil business which includes: 75% of Pony Express Pipeline (Pony Express), a
- [Conservatives Respond to Canada's Carbon Capture Storage Announcement](https://boereport.com/2026/09/09/conservatives-respond-to-canadas-carbon-capture-storage-announcement/): “While the Liberal government is announcing a project to map deposits in the ground, they have still not removed a single anti-development law to get Canadian energy, critical minerals, and metals out of the ground. “Conservatives continue to call on the Carney Liberals to get out of the way and pass our economic action plan
- [US power use to beat record highs in 2026 and 2027 as AI use surges, EIA says](https://boereport.com/2026/09/09/us-power-use-to-beat-record-highs-in-2026-and-2027-as-ai-use-surges-eia-says-6/): U.S. power consumption will rise to record highs in 2026 and 2027, driven by AI-hungry data centers and electrification, the U.S. Energy Information Administration said in its Short-Term Energy Outlook (STEO) on Wednesday. The EIA projected power demand will rise from a record 4,195 billion kilowatt-hours (kWh) in 2025 to 4,270 billion kWh in 2026
- [US EIA hikes oil price forecasts as Iran war drains global stockpile](https://boereport.com/2026/09/09/us-eia-hikes-oil-price-forecasts-as-iran-war-drains-global-stockpile/): The U.S. Energy Information Administration raised its oil price forecasts for this year and next year on Wednesday, as global stockpiles fall rapidly under pressure from the loss of Middle Eastern supply in the ongoing Iran war. Sharply higher oil and fuel prices have been the most visible indicators of the toll on global energy
- [US natural gas output, demand to hit record highs in 2026 and 2027, EIA says](https://boereport.com/2026/09/09/us-natural-gas-output-demand-to-hit-record-highs-in-2026-and-2027-eia-says/): U.S. natural gas supply and demand will both rise to record highs in 2026 and 2027, the U.S. Energy Information Administration said in its Short-Term Energy Outlook on Wednesday. The EIA projected dry gas production will rise from a record 107.6 billion cubic feet per day in 2025 to 111.7 bcfd in 2026 and 115.9
- [Building our way to net zero: Canada breaks ground on nation's largest carbon capture and storage project](https://boereport.com/2026/09/09/building-our-way-to-net-zero-canada-breaks-ground-on-nations-largest-carbon-capture-and-storage-project/): CLIVE, AB, Sept. 9, 2026 /CNW/ -- Canada is building the major projects needed to strengthen our energy sector, grow our economy, fight climate change, and reinforce our position as a global clean and conventional energy superpower. As Canada builds its way to net-zero emissions by 2050, investments in clean technologies and emissions-reducing infrastructure
- [Canadian pump prices creep higher as Mideast fighting escalates](https://boereport.com/2026/09/09/canadian-pump-prices-creep-higher-as-mideast-fighting-escalates/): CALGARY - Fuel prices tend to ease off around this time of year, but one industry expert says drivers should expect no such relief this time. The high-demand summer driving season winds down after Labour Day and refineries will soon switch to producing cheaper winter fuels. But international crude oil prices have surged above US$100
- [Tamarack Valley Energy and Headwater Exploration Announce $10 Billion Strategic Combination to Create a Premier North American Oil Producer and a New Growth-Oriented Exploration Company](https://boereport.com/2026/09/08/tamarack-valley-energy-and-headwater-exploration-announce-10-billion-strategic-combination-to-create-a-premier-north-american-oil-producer-and-a-new-growth-oriented-exploration-company/): CALGARY, AB, Sept. 8, 2026 /CNW/ -- Tamarack Valley Energy Ltd. (TSX: TVE) ("Tamarack") and Headwater Exploration Inc. (TSX: HWX) ("Headwater") are pleased to announce they have entered into a definitive arrangement agreement whereby the two companies will merge in an all-stock transaction valued at $10 billion (the "Transaction"), creating a premier North American
- [EY study finds US oil and gas producers reach record production while investing more selectively in future growth](https://boereport.com/2026/09/09/ey-study-finds-us-oil-and-gas-producers-reach-record-production-while-investing-more-selectively-in-future-growth/): Oil production hit a study-period high while reserve replacement fell below 100% for the first time since 2021. Capital expenditures declined 49% and exploration represented just 3% of total spending in 2025. Natural gas reserves reached a five-year high, supported by higher discoveries, exports and rising electricity demand. HOUSTON, Sept. 9, 2026 /PRNewswire/ -- The
- [Shipping traffic via Strait of Hormuz stays below 10-day average, data shows](https://boereport.com/2026/09/08/shipping-traffic-via-strait-of-hormuz-stays-below-10-day-average-data-shows/): Six commodity vessels transited the Strait of Hormuz on Tuesday, down from nine a day earlier and below the 10-day average of about 12, preliminary shipping data showed on Wednesday. The figures could change as some ships typically switch off their transponders during the voyage. Of the six vessels, five were entering and one was
- [Iran attacks US base in Jordan, ships near Hormuz after tankers sunk](https://boereport.com/2026/09/08/iran-attacks-us-base-in-jordan-ships-near-hormuz-after-tankers-sunk/): Iran's Revolutionary Guard said it fired ballistic missiles at a base in Jordan used by the U.S. military and attacked 10 ships on Wednesday, after the U.S. said it had destroyed five Iranian oil tankers, in a sharp escalation of the six-month-old war. Increased attacks by both the U.S. and Iran have shattered a month
- [Oil tanker hit in Iraqi waters, as vessels get caught in US-Iran attacks](https://boereport.com/2026/09/09/oil-tanker-hit-in-iraqi-waters-as-vessels-get-caught-in-us-iran-attacks/): A tanker carrying about 2 million barrels of Iraqi fuel oil was struck by a drone in Iraqi territorial waters on Wednesday, port officials said, and British navy-affiliated UKMTO reported that several merchant vessels in the Gulf had been hit by disabling fire overnight. A fire broke out aboard the Panama-flagged oil tanker New Andros
- [Oil prices fly blind as the Hormuz enigma deepens: Bousso](https://boereport.com/2026/09/09/oil-prices-fly-blind-as-the-hormuz-enigma-deepens-bousso/): How much oil is flowing through the Strait of Hormuz? Traders, energy executives and government officials are all trying to figure it out – but are reaching wildly different conclusions. It is, however, increasingly clear that this mystery has introduced a residual risk premium into crude prices that could remain deeply entrenched for months. Benchmark
- [Alberta landowners take regulator to court over oil well cleanup](https://boereport.com/2026/09/08/alberta-landowners-take-regulator-to-court-over-oil-well-cleanup/): A group of Alberta landowners are going to court to argue that the province's energy regulator has chronically and knowingly underfunded a program meant to protect the public from the cost of cleaning up abandoned oil and gas wells. The legal action is the culmination of years of simmering tension between farmers and ranchers and
- [In Australia's shale patch, Americans bring money, tech and lessons learned](https://boereport.com/2026/09/08/in-australias-shale-patch-americans-bring-money-tech-and-lessons-learned/): The developers of Australia's Beetaloo Basin are bringing in U.S. equipment, money, expertise and - they hope - U.S.-style scale and efficiencies to reduce costs and make the country's first shale gas project economically viable. The Beetaloo shale formation, which delivered its first gas this month, is often compared with the prolific Marcellus shale in
- [Your Engineering Firm Has the Technical Expertise. Is That Enough?](https://boereport.com/2026/09/09/your-engineering-firm-has-the-technical-expertise-is-that-enough/): Why communication and collaboration are becoming critical to project execution. Engineering has always been a technical business. But ask experienced energy leaders what makes the difference between a project that moves smoothly and one that becomes difficult, and the answer is rarely technical expertise alone. More often, it comes down to communication. Did the right
- [Chevron to double oil rigs in Venezuela as part of growth plan](https://boereport.com/2026/09/08/chevron-to-double-oil-rigs-in-venezuela-as-part-of-growth-plan/): Chevron will more than double the number of oil rigs it operates in Venezuela as part of its five-year plan to increase production in the country, Chief Financial Officer Eimear Bonner said at a Barclays conference on Tuesday. Last week, the U.S. oil major said its joint venture partnerships in Venezuela would invest more than
- [Oil stocks in US Strategic Petroleum Reserve fall by 1.2 million barrels to lowest level since 1982 ](https://boereport.com/2026/09/08/oil-stocks-in-us-strategic-petroleum-reserve-fall-by-1-2-million-barrels-to-lowest-level-since-1982/): Stocks of crude oil in the U.S. Strategic Petroleum Reserve fell by about 1.2 million barrels to 285.4 million barrels last week, the lowest level since November 1982, according to data from the Department of Energy. The drawdowns are part of a U.S. agreement to release 172 million barrels from the facility. (Reporting by Pablo
- [New oil and gas jobs from BOE Report Jobs](https://boereport.com/2026/09/08/new-oil-and-gas-jobs-from-boe-report-jobs-499/): Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title
- [JPMorgan hires senior CPPIB executive as bank expands in Canadian equities ](https://boereport.com/2026/09/08/jpmorgan-hires-senior-cppib-executive-as-bank-expands-in-canadian-equities/): JPMorgan Chase has hired Canada Pension Plan Investment Board's head of equities trading Chris Finora to lead its Canadian Cash Equities Trading franchise, the bank told Reuters, as it expands its equities platform to capture growing investment opportunities in Canada. Finora joins JPMorgan in Toronto this month after about two years at CPPIB and 27
- [Enbridge CEO Greg Ebel to retire at end of year, Michele Harradence named next CEO](https://boereport.com/2026/09/08/enbridge-ceo-greg-ebel-to-retire-at-end-of-year-michele-harradence-named-next-ceo/): CALGARY - Enbridge Inc. says chief executive Greg Ebel will retire at the end of this year and be succeeded by Michele Harradence, who currently leads the company's gas utilities business. Harradence, Enbridge's executive vice-president and president of gas distribution and storage, will become chief executive effective Jan. 1. The company says Ebel will serve
- [Enbridge Announces Retirement of Greg Ebel and Names Michele Harradence as President and Chief Executive Officer, Effective January 1, 2027](https://boereport.com/2026/09/08/enbridge-announces-retirement-of-greg-ebel-and-names-michele-harradence-as-president-and-chief-executive-officer-effective-january-1-2027/): CALGARY, AB, Sept. 8, 2026 /CNW/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) today announced that Greg Ebel will retire as President and Chief Executive Officer effective December 31, 2026, and that Michele Harradence has been appointed to succeed him as President and Chief Executive Officer and to the Board of Directors effective January 1,
- [Peyto cites 130% growth from acquired Repsol assets - Peyto Monthly Report](https://boereport.com/2026/09/04/peyto-cites-130-growth-from-acquired-repsol-assets-peyto-monthly-report/): Three years after announcing its $636 million acquisition of Repsol’s Canadian assets, Peyto Exploration & Development says production from the acquired lands has more than doubled. According to the Peyto Monthly Report, production from the acquired 455,000 net acres has increased from approximately 23,000 boe/d at the time of the acquisition to 53,000 boe/d today,
- [Oil rises as risks of prolonged Mideast conflict fan supply worries](https://boereport.com/2026/09/07/oil-rises-as-risks-of-prolonged-mideast-conflict-fan-supply-worries/): Oil prices extended gains on Tuesday as risks of a prolonged conflict in the Middle East grew after Iran threatened to retaliate against any new U.S. attacks on its assets, heightening worries over supply disruption. Brent crude futures climbed 49 cents, or 0.5%, to $97.49 a barrel by 0400 GMT. U.S. West Texas Intermediate crude
- [Iran says it plans new Gulf 'exclusion zone', threatens US with new missiles](https://boereport.com/2026/09/07/iran-says-it-plans-new-gulf-exclusion-zone-threatens-us-with-new-missiles/): Iran threatened the United States with "economic warfare" on Tuesday and said it had fired an advanced missile at U.S. warships,underscoring the risks of further escalation in the war only days after both sides traded blows again. The six-month-old war has been marked by a cycle of pauses followed by periodic flare-ups, with the U.S.
- [Global diesel supply to stay tight through winter, industry execs say](https://boereport.com/2026/09/07/global-diesel-supply-to-stay-tight-through-winter-industry-execs-say/): Global diesel supply will remain tight due to a lack of spare refining capacity, Russia's ban on exports and the approach of peak winter demand, senior industry executives said on Tuesday. The wars in Ukraine and Iran have impacted refineries in Russia and the Middle East, pushing diesel margins to record levels in Europe and
- [Iran threatens US with new 'economic warfare' and missiles as Houthis attack Saudi Arabia](https://boereport.com/2026/09/07/iran-threatens-us-with-new-economic-warfare-and-missiles-as-houthis-attack-saudi-arabia/): Iran threatened the United States with "economic warfare" on Tuesday and said it had fired an advanced missile at U.S. warships, underscoring the risks of further escalation in the war only days after both sides traded blows again. The six-month-old war has been marked by a cycle of pauses followed by periodic flare-ups, with the
- [South Korea's power demand set to soar on AI boom as nation weighs expanding nuclear energy](https://boereport.com/2026/09/08/south-koreas-power-demand-set-to-soar-on-ai-boom-as-nation-weighs-expanding-nuclear-energy/): South Korea's demand for power in the coming years is set to surge on plans by chipmakers Samsung Electronics and SK Hynix to expand production and the building of new AI data centres, according to the country's energy minister. Those AI-driven power needs alone will lift South Korea's demand for power by 25 to 30
- [Yemen's Houthis say they attacked Saudi Aramco facilities in broad operation](https://boereport.com/2026/09/08/yemens-houthis-say-they-attacked-saudi-aramco-facilities-in-broad-operation/): Yemen's Iran-aligned Houthis said on Tuesday they attacked with drones and ballistic missiles Saudi energy sites belonging to oil giant Aramco in southern areas, with the group's military spokesperson calling it "a broad operation." (Reporting by Nayera Abdallah, Editing by Michael Georgy)
- [Iran's president says Tehran to resist until 'aggressors are regretful', post on X](https://boereport.com/2026/09/08/irans-president-says-tehran-to-resist-until-aggressors-are-regretful-post-on-x/): Iran will continue its resistance with strength until "aggressors" become regretful and its rights are defended, President Masoud Pezeshkian said on Tuesday, pointing to a less conciliatory tone from Tehran. "The Islamic Republic of Iran has always been against war and has considered the preservation of people's interests and regional security to lie in refraining
- [Europe's winter gas drama could leave deep scars: Bousso](https://boereport.com/2026/09/08/europes-winter-gas-drama-could-leave-deep-scars-bousso/): Soaring European natural gas prices, driven by the Iran war, threaten to inflict a fresh round of economic pain on the continent just as it races to rearm, build out its AI capabilities and fend off intensifying competition from China. The damage could be long-lasting. Benchmark European gas prices climbed to €75 per megawatt hour
- [Kalshi's $400 million-plus monthly commodity trade volume outpaces early crypto growth](https://boereport.com/2026/09/08/kalshis-400-million-plus-monthly-commodity-trade-volume-outpaces-early-crypto-growth/): Prediction market startup Kalshi said on Tuesday monthly commodities trading volume on its platform was four times that of cryptocurrency at the same point, seven months after launch. Here are more details: * Commodities trading reached more than $400 million of monthly volume, the company said. * Boom in retail trading pushed Kalshi to adopt
- [Oil product flows out of Hormuz strait at 35% of pre-war levels, says Goldman exec](https://boereport.com/2026/09/08/oil-product-flows-out-of-hormuz-strait-at-35-of-pre-war-levels-says-goldman-exec/): Oil product flows out of the Hormuz strait are at 35% of pre-war levels, compared with 70% for crude oil, a Goldman Sachs executive said on Tuesday. "The Middle East supply shock is bigger for products than crude, especially for the heavier products such as diesel," Goldman Sach's co-head of global commodities research Daan Struvyen
- [Goldman Sachs, HSBC raise oil price forecasts on Gulf disruptions](https://boereport.com/2026/09/08/goldman-sachs-hsbc-raise-oil-price-forecasts-on-gulf-disruptions/): Goldman Sachs and HSBC raised their oil price forecasts this week as prices climbed to multi-week highs on persistent Middle East shipping disruptions. * Goldman Sachs on Monday raised its Brent and West Texas Intermediate crude oil price forecasts by $5 a barrel for December 2026 and 2027, citing an expectation that shipping disruptions in
- [Alvopetro Expands Its Western Canadian Growth Platform with Mannville Heavy Oil Farm-In](https://boereport.com/2026/09/08/alvopetro-expands-its-western-canadian-growth-platform-with-mannville-heavy-oil-farm-in/): CALGARY, AB, Sept. 8, 2026 /CNW/ -- Alvopetro Energy Ltd. (TSX-V: ALV) (OTCQX: ALVOF) is pleased to announce that we have entered into an earning agreement (the "Agreement") in the Mannville heavy oil fairway, adding 28 gross sections (14 net) of high-quality heavy oil lands to complement and expand on our existing Mannville position.
- [Rubellite Energy Corp. announces disposition of East Edson natural gas assets](https://boereport.com/2026/09/08/rubellite-energy-corp-announces-disposition-of-east-edson-natural-gas-assets/): CALGARY, AB, Sept. 8, 2026 /CNW/ -- Rubellite Energy Corp. ("Rubellite", or the "Company") is pleased to announce that it has sold its 50% non-operated working interest in the East Edson natural gas assets in West Central Alberta (the "East Edson Assets") to the third-party operator of the East Edson Assets (the "Purchaser") for total
- [Tourmaline Files Early Warning Report](https://boereport.com/2026/09/08/tourmaline-files-early-warning-report/): CALGARY, AB, Sept. 8, 2026 /CNW/ -- Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") announces the filing of an early warning report (the "Early Warning Report") pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. Between June 1, 2026 and September 8, 2026, Tourmaline
- [Tamarack Valley Energy and Headwater Exploration sign merger deal](https://boereport.com/2026/09/08/tamarack-valley-energy-and-headwater-exploration-sign-merger-deal/): CALGARY - Tamarack Valley Energy Ltd. and Headwater Exploration Inc. have signed a merger deal valued at $10 billion that they say will bring together their operations in the Clearwater region in Alberta. Under the proposed transaction, Headwater shareholders will receive one share of Tamarack for each Headwater common share they hold. Tamarack shareholders will
- [Lookout Butte/Waterton, Alberta: Royalty Divestiture](https://boereport.com/2026/09/08/lookout-butte-waterton-alberta-royalty-divestiture/): Sayer Energy Advisors has been engaged by a royalty holder (the “Royalty Holder”) to assist the Royalty Holder with the sale of its royalty interests, consisting of gross overriding royalty (“GORR”) interest, located in the Lookout Butte/Waterton area of southern Alberta (the “Property”). The GORR was acquired by the Royalty Holder in consideration for the
- [Asia is poised to take up 70% of Canadian oil exports, pipeline executive says](https://boereport.com/2026/09/08/asia-is-poised-to-take-up-70-of-canadian-oil-exports-pipeline-executive-says/): Asia, led by China, is expected to buy 70% of Canadian crude oil exports after the country's only pipeline that provides access to the continent expands its capacity by a third by the end of 2028, a Canadian industry executive said on Tuesday. * Demand from Asia for Canadian crude has increased as the U.S.-Israeli
- [International Petroleum Corporation Announces Results of Normal Course Issuer Bid](https://boereport.com/2026/09/07/international-petroleum-corporation-announces-results-of-normal-course-issuer-bid-91/): TORONTO, Sept. 07, 2026 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 140,673 IPC common shares (ISIN: CA46016U1084) during the period of September 1 to 4, 2026 under IPC’s previously announced normal course issuer bid / share repurchase program
- [Tech companies look to Argentina’s windswept Patagonia to build massive data centers](https://boereport.com/2026/09/07/tech-companies-look-to-argentinas-windswept-patagonia-to-build-massive-data-centers/): Argentina's rugged Patagonia is drawing increasing interest from investors searching for sites for mega data centers who are enticed by the region's cool temperatures, renewable energy, shale gas and empty stretches of land. As tech giants known as hyperscalers race worldwide to build server farms and run into roadblocks amid anti-data-center campaigns, projects in initial
- [South Korea, US agree on more than $20 billion gas plant investment in Texas, media reports](https://boereport.com/2026/09/07/south-korea-us-agree-on-more-than-20-billion-gas-plant-investment-in-texas-media-reports/): South Korea and the United States have agreed on the size of Seoul's planned investment in a gas project in Texas at around $22.3 billion, Korean media outlet Edaily reported on Monday, citing unidentified officials and politicians. The project, which would be Seoul's first U.S. investment under last year's trade agreement, aims to build a
- [Goldman sees $120/bbl oil risk if attacks on Middle East vessels intensify, Bloomberg reports](https://boereport.com/2026/09/06/goldman-sees-120-bbl-oil-risk-if-attacks-on-middle-east-vessels-intensify-bloomberg-reports/): Goldman Sachs said oil prices may rally to as much as $120 a barrel if attacks on shipping in the Middle East rise and it recommended bets on natural gas and diesel as a way to capture gains, Bloomberg News reported on Sunday. “Events over the last few days do suggest that the risk of
- [Iran vows to respond to US strikes, says US energy companies' facilities are 'exposed'](https://boereport.com/2026/09/07/iran-vows-to-respond-to-us-strikes-says-us-energy-companies-facilities-are-exposed/): Iran threatened on Monday to retaliate against any new U.S. attacks on its assets, warning that the energy production chain in the region was "sprawling, accessible and exposed" and that U.S. oil and gas companies there shared that exposure. "Strike our assets and you get struck," Iranian Parliament Speaker Mohammad Baqer Qalibaf said after U.S.
- [China's crude oil imports stayed weak in August. Can this continue?: Russell](https://boereport.com/2026/09/06/chinas-crude-oil-imports-stayed-weak-in-august-can-this-continue-russell/): China's seaborne imports of crude oil ticked up in August from July but remained nearly 40% below levels before the start of the Iran conflict. China, the world's biggest oil importer, saw seaborne arrivals of 7.14 million barrels per day (bpd) in August, from July's 6.93 million bpd, according to data compiled by commodity analysts
- [Oil extends gains after US and Iran strike ships](https://boereport.com/2026/09/06/oil-extends-gains-after-us-and-iran-strike-ships/): Oil prices extended gains on Monday as tit-for-tat strikes between the U.S. and Iran on vessels sailing in the Strait of Hormuz and other areas heightened concerns of a prolonged supply disruption from the Middle East. Brent crude futures climbed 52 cents, or 0.54%, to $96.80 a barrel by 2354 GMT while U.S. West Texas
- [Hormuz traffic dips to lowest since May after US, Iranian strikes on ships](https://boereport.com/2026/09/06/hormuz-traffic-dips-to-lowest-since-may-after-us-iranian-strikes-on-ships/): An average of 10 commodity ships transited the Strait of Hormuz per day over the past 10 days, the lowest since May, according to shipping data on Monday, after U.S. and Iranian strikes on tankers. The 10-day moving average was 10 on Sunday, down from more than 15 on Friday and nearly 13 on Saturday,
- [U.S. forces strike 3 Iranian crude oil tankers in act of retaliation for Iranian missiles - CENTCOM](https://boereport.com/2026/09/05/u-s-forces-strike-3-iranian-crude-oil-tankers-in-act-of-retaliation-for-iranian-missiles-centcom/): U.S. Central Command (CENTCOM) said U.S. forces struck and disabled three Iranian crude oil tankers on Sept. 5 after Iran’s Islamic Revolutionary Guard Corps fired ballistic missiles toward two U.S. Navy warships in regional waters. The U.S. military said the attacks caused no American casualties and described the tanker strikes as retaliation aimed at imposing
- [The Venezuelan billionaire the US investigated for money laundering now has a Pentagon oil deal](https://boereport.com/2026/09/05/the-venezuelan-billionaire-the-us-investigated-for-money-laundering-now-has-a-pentagon-oil-deal/): The billionaire who helped broker the Trump administration’s sweeping long-term oil deal with Venezuela was until recently a target of U.S. money-laundering investigations involving funds embezzled from the state-owned oil company PDVSA. Now, after assisting U.S. authorities ahead of the capture of authoritarian leader Nicolas Maduro, Alejandro Betancourt is Washington’s key partner in an unusual
- [Americans hit with record-high Labor Day Weekend gasoline prices](https://boereport.com/2026/09/05/americans-hit-with-record-high-labor-day-weekend-gasoline-prices/): With the war in the Middle East still raising energy costs, Americans face record-high gasoline prices for Labor Day weekend, just as political campaigns kick off for midterm Congressional elections. The national average gasoline price will probably hit $4.03 on Labor Day, far surpassing the previous record of $3.83 per gallon set in 2012, said
- [US structured Venezuela oil position to protect it from dilution, official says](https://boereport.com/2026/09/04/us-structured-venezuela-oil-position-to-protect-it-from-dilution-official-says/): The U.S. government structured its 35% position in a Venezuelan oil venture as warrants that protect Washington's stake from being weakened by fresh raises of capital, a U.S. official said. Speaking on Thursday about the deal announced last week by President Donald Trump, the official said the Pentagon structured the stake using "penny warrants" in
- [Federal Tories launch 'Conservatives for Canada' campaign ahead of Alberta referendum](https://boereport.com/2026/09/04/federal-tories-launch-conservatives-for-canada-campaign-ahead-of-alberta-referendum/): OTTAWA - The federal Conservatives have launched a campaign to engage their supporters and encourage them to vote to stay in Canada in the upcoming Alberta referendum. Albertans are set to vote on Oct. 19 on whether they want to remain a province or begin the legal process to hold a binding referendum on leaving
- [Schedule for US energy data in holiday week](https://boereport.com/2026/09/04/schedule-for-us-energy-data-in-holiday-week/): The Labor Day federal holiday on Monday, Sept. 7 will affect the release schedule of some major energy data to be issued during the Sept. 6 week. Below is the schedule for the release of U.S. petroleum, oil and natural gas supply and inventory for the week. WEEK OF SEPT 6: AMERICAN PETROLEUM INSTITUTE -
- [US energy firms leave rig count unchanged for the second consecutive week, Baker Hughes says](https://boereport.com/2026/09/04/us-energy-firms-leave-rig-count-unchanged-for-the-second-consecutive-week-baker-hughes-says/): U.S. energy firms left the overall rig count unchanged for a second consecutive week, energy services firm Baker Hughes said in its closely followed report on Friday. The total oil and gas rig count, an early indicator of future output, held at 588 in the week to September 4. Baker Hughes said oil rigs rose
- [Minister Hodgson highlights Western Canada's role in Canada's energy and economic future](https://boereport.com/2026/09/04/minister-hodgson-highlights-western-canadas-role-in-canadas-energy-and-economic-future/): PRINCE GEORGE, BC, Sept. 4, 2026 /CNW/ -- Today, the Honourable Tim Hodgson, Minister of Energy and Natural Resources, concluded a five-day tour across Alberta, Saskatchewan and British Columbia, highlighting how provinces, workers, Indigenous partners, researchers and industry are positioning Canada as a global energy superpower with the strongest economy in the G7. Across Western Canada,
- [Shell completes acquisition of ARC Resources](https://boereport.com/2026/09/02/shell-completes-acquisition-of-arc-resources/): Calgary, September 2, 2026 − Shell plc has completed the previously announced agreement (the “Arrangement Agreement”) to acquire ARC Resources Ltd. (“ARC”) (TSX: ARX), an energy company focused in British Columbia and Alberta, Canada, following receipt of all required shareholder, court and regulatory approvals. The acquisition accelerates Shell's strategy by adding approximately 370 kboe/d immediately
- [Citi revises Q3 2026 Brent forecast to $86/bbl](https://boereport.com/2026/09/03/citi-revises-q3-2026-brent-forecast-to-86-bbl/): Citi on Thursday said it raised its mark-to-market Brent average forecast for the third quarter of 2026 to $86 a barrel from $80 a barrel previously, citing a longer-than-expected timeframe for the reopening of the Strait of Hormuz. Citi said it is maintaining its fourth quarter 2026 and 2027 Brent average forecasts at $70 per
- [Gulf shipping traffic via Hormuz keeps below 10-day average, data shows](https://boereport.com/2026/09/04/gulf-shipping-traffic-via-hormuz-keeps-below-10-day-average-data-shows/): Four commodity vessels transited the key waterway of the Strait of Hormuz on Thursday, down from nine a day earlier and well below the 10-day average tally of about 15, preliminary shipping data showed. Two medium-range tankers, a Kamsarmax carrier and a Handysize vessel made up the figure, Kpler data showed by 0455 GMT on
- [Russia’s Sechin says China, not OPEC, calls shots on global energy markets](https://boereport.com/2026/09/04/russias-sechin-says-china-not-opec-calls-shots-on-global-energy-markets/): Igor Sechin, chief of Russia’s top oil producer Rosneft, said on Thursday that China, not OPEC, has stabilized global oil markets by reducing crude imports by 5.5 million barrels per day this year. Sechin, the most influential Russian energy manager and a long-standing ally of President Vladimir Putin, was speaking at a Russian - Chinese
- [Hemisphere Energy Provides Further Update on Atlee Buffalo Operations](https://boereport.com/2026/09/03/hemisphere-energy-provides-further-update-on-atlee-buffalo-operations/): Vancouver, British Columbia--(Newsfile Corp. - September 3, 2026) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is providing a further update on the fire incident at the Company's largest oil battery at its Atlee Buffalo property, previously announced on August 26, 2026. Clean-up activities are ongoing, and equipment and debris removal is
- [Construction begins on major B.C. transmission line aimed at powering northwest](https://boereport.com/2026/09/03/construction-begins-on-major-b-c-transmission-line-aimed-at-powering-northwest/): PRINCE GEORGE - Construction is underway on a major electricity transmission project in British Columbia's north, a project the federal and provincial governments say will contribute nearly $10 billion a year to B.C.’s economy. The North Coast Transmission Line expansion will link Prince George to Terrace near the North Coast, and is expected to more
- [Williams Completes Acquisition of Momentum Midstream](https://boereport.com/2026/09/03/williams-completes-acquisition-of-momentum-midstream/): TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) today announced it has closed its acquisition of Momentum Midstream in a transaction valued at approximately $5.5 billion, expanding the company’s integrated natural gas infrastructure platform in the Haynesville to serve growing Gulf Coast LNG, power and industrial demand. The transaction includes approximately $3.5 billion of cash and debt consideration
- [Rockpoint Gas Storage Inc. Announces Dividend Reinvestment and Share Purchase Plan](https://boereport.com/2026/09/03/rockpoint-gas-storage-inc-announces-dividend-reinvestment-and-share-purchase-plan/): CALGARY, AB, Sept. 3, 2026 /CNW/ -- Rockpoint Gas Storage Inc. ("Rockpoint" or the "Company") (TSX: RGSI) today announced the implementation of a dividend reinvestment and share purchase plan (the "Plan") for eligible holders ("Shareholders") of its Class A common shares ("Class A Shares"). The Plan provides eligible holders of Class A Shares with the
- [Keyera Announces 2026 Marketing Guidance Update and Provides Operational Update](https://boereport.com/2026/09/03/keyera-announces-2026-marketing-guidance-update-and-provides-operational-update/): CALGARY, AB, Sept. 3, 2026 /CNW/ -- Keyera Corp. (TSX: KEY) ("Keyera" or the "Company") today announced that it has revised its 2026 Marketing segment realized margin1 guidance to $320 million to $350 million from $360 million to $390 million. The revised outlook reflects the estimated impact of the ongoing Line 5 disruption and lower expected
- [Canada breaks ground on North Coast Transmission Line to deliver clean power and reduce emissions](https://boereport.com/2026/09/03/canada-breaks-ground-on-north-coast-transmission-line-to-deliver-clean-power-and-reduce-emissions/): PRINCE GEORGE, BC, Sept. 3, 2026 /CNW/ -- In a time of global volatility, Canada is focused on what we can do: building an affordable, competitive, sovereign and sustainable Canadian economy. Central to this mission is our National Electricity Strategy, a blueprint for supplying and controlling our own electricity by doubling our grid by 2050
- [Only democratic government can provide stability for oil investors, Venezuelan opposition leader says](https://boereport.com/2026/09/03/only-democratic-government-can-provide-stability-for-oil-investors-venezuelan-opposition-leader-says/): Only a "serious, democratic government" can provide the stability needed by investors in Venezuela's oil sector, opposition leader and Nobel Peace Prize winner Maria Corina Machado said in a video message on Thursday. International energy firms on Wednesday committed to expanding projects in the country in a signing ceremony overseen by interim President Delcy Rodriguez
- [ARC Resources Ltd. announces redemption of all outstanding senior notes](https://boereport.com/2026/09/03/arc-resources-ltd-announces-redemption-of-all-outstanding-senior-notes/): CALGARY, AB, Sept. 3, 2026 /CNW/ -- ARC RESOURCES Ltd. ("ARC") announced today that it has issued notices of redemption to redeem all of ARC's issued and outstanding senior notes on September 14, 2026, being the following series of notes: 3.465% Senior Unsecured Notes due March 10, 2031 (Series 2) (CUSIP: 00208DAB7) 3.577% Senior
- [Oil prices hit fresh 6-week highs on renewed Middle East tensions](https://boereport.com/2026/09/03/oil-prices-hit-fresh-6-week-highs-on-renewed-middle-east-tensions/): Oil prices hit fresh six-week highs on Thursday after new U.S. strikes on Iran and renewed Israeli threats against Tehran heightened concerns about disruptions to Middle East supplies. Brent crude futures were up $1.66, or 1.7%, at $97.29 a barrel by 1200 GMT, erasing earlier losses, while U.S. West Texas Intermediate crude futures rose $2.03,
- [Saturn Oil & Gas Inc. Announces TSX Approval to Renew the Normal Course Issuer Bid, Continuing Our Active Shareholder Returns Strategy](https://boereport.com/2026/09/03/saturn-oil-gas-inc-announces-tsx-approval-to-renew-the-normal-course-issuer-bid-continuing-our-active-shareholder-returns-strategy/): Calgary, Alberta--(Newsfile Corp. - September 3, 2026) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) ("Saturn" or the "Company"), a light oil-weighted producer focused on unlocking value through the development of our assets in Saskatchewan and Alberta, today announced that the Toronto Stock Exchange ("TSX") has accepted Saturn's notice to renew our Normal
- [A remote shale gas basin in Australia answers Hormuz security fears: Russell](https://boereport.com/2026/09/03/a-remote-shale-gas-basin-in-australia-answers-hormuz-security-fears-russell/): Hundreds of kilometres from anything resembling civilisation, a remote shale natural gas field in northern Australia may seem like an unusual beneficiary of the Iran conflict. But energy security is once again paramount as Asia grapples with the fallout from the war, and a new scramble for long-life resources is taking shape. The Beetaloo basin
- [Venezuela's heavy crude could be swapped for American oil to fill emergency reserve, Wright says ](https://boereport.com/2026/09/03/venezuelas-heavy-crude-could-be-swapped-for-american-oil-to-fill-emergency-reserve-wright-says/): U.S. President Donald Trump said on Sunday that oil from a recently struck deal with Venezuela will be used to replenish the Strategic Petroleum Reserve, adding that the "topping out" process will begin shortly. But it's not that easy and Energy Secretary Chris Wright hinted as much on Wednesday while visiting Venezuela. "We'll swap you
- [Why oil importers are learning to live with longer trade routes: Maguire](https://boereport.com/2026/09/03/why-oil-importers-are-learning-to-live-with-longer-trade-routes-maguire/): Energy trade routes that optimize distance and costs may no longer be suitable for the fractured and fractious modern world, especially for major importers. Ongoing tensions involving Iran are pushing major oil importers to develop alternative supply routes, which increasingly bypass the supply hubs that previously dominated global energy trade. The end result is a
- [Break one kind of infrastructure to build another](https://boereport.com/2026/07/29/break-one-kind-of-infrastructure-to-build-another/): Anyone suggesting we ‘advance’ trade discussions with the US by threatening to cut off or otherwise hinder energy supplies should be locked in a cage with a wolverine and a suppository and a mandate. I wish I was joking. But I’m not. The idea is so…bad. People. People. Stop hyperventilating. Stop throwing out panicked and
- [B.C. government confirms errors worth $1.46B in gas revenue forecasts](https://boereport.com/2026/09/01/b-c-government-confirms-errors-worth-1-46b-in-gas-revenue-forecasts/): Errors including botched currency conversions led the British Columbia government to overstate its forecasted natural gas revenues by about $1.46 billion over five fiscal years, officials confirmed on Tuesday. Senior staff with the ministries of energy and finance told a technical briefing the administrative errors had been independently verified and corrections would be included in
- [Goldman Sachs sees Venezuela crude output rising, but return to pre-2018 levels unlikely](https://boereport.com/2026/09/02/goldman-sachs-sees-venezuela-crude-output-rising-but-return-to-pre-2018-levels-unlikely/): Goldman Sachs expects Venezuela's crude production to edge higher, but does not see output returning to pre-2018 levels of more than 2 million barrels per day over the next few years. It said in a note that key bottlenecks, including degraded infrastructure and an unreliable power grid, will be costly and time-consuming to fix. *
- [Diversified Energy to buy Birch for $1.8 billion, boost Permian footprint](https://boereport.com/2026/09/02/diversified-energy-to-buy-birch-for-1-8-billion-boost-permian-footprint/): U.S.-based Diversified Energy said on Wednesday it will acquire privately held Birch for about $1.8 billion, expanding its presence in the oil- and gas-rich Permian Basin. Here are a few details: * Birch produces about 68,000 barrels of oil equivalent per day and holds 480 net wells. * The acquisition will be funded primarily through
- [Lotus Creek Exploration Inc. Announces Wilson Creek Operational Update and July Update to Shareholders](https://boereport.com/2026/09/02/lotus-creek-exploration-inc-announces-wilson-creek-operational-update-and-july-update-to-shareholders/): Calgary, Alberta--(Newsfile Corp. - September 2, 2026) - Lotus Creek Exploration Inc. (TSXV: LTC) ("Lotus Creek" or the "Company") is pleased to provide an operational update on its Wilson Creek light oil asset and ongoing Belly River development program. Wilson Creek Development Update In September 2025, Lotus Creek commissioned its operated 02-29 Wilson Creek battery, establishing
- [US will control flow of funds from NABEP deal with Venezuela, Energy Secretary Chris Wright says](https://boereport.com/2026/09/02/us-will-control-flow-of-funds-from-nabep-deal-with-venezuela-energy-secretary-chris-wright-says/): U.S. Energy Secretary Chris Wright said on Wednesday that the U.S. would have very strict control over the flow of funds resulting from an oil deal announced earlier this week with North American Blue Energy Partners (NABEP). "The United States government negotiated this deal very carefully. We take business practices and confidence and operations extremely
- [US crude oil output and petroleum demand rose in June, EIA says](https://boereport.com/2026/09/02/us-crude-oil-output-and-petroleum-demand-rose-in-june-eia-says/): U.S. crude oil output and demand for crude oil and petroleum products rose in June, the U.S. Energy Information Administration (EIA) said in its Petroleum Supply Monthly report, which was delayed until Tuesday. Crude output climbed to 13.79 million barrels per day (bpd) in June, up from 13.76 million bpd in May. The monthly record
- [Bank of Canada holds key rate as it prioritizes 'multiple risks in play'](https://boereport.com/2026/09/02/bank-of-canada-holds-key-rate-as-it-prioritizes-multiple-risks-in-play/): OTTAWA - The Bank of Canada stuck to the sidelines Wednesday as governor Tiff Macklem suggested the re-escalating trade war with the United States is not the only risk monetary policymakers are monitoring. The central bank left its policy rate unchanged at 2.25 per cent for a seventh consecutive decision. The move was widely expected
- [ARC Resources Ltd. announces closing of acquisition by Shell plc](https://boereport.com/2026/09/02/arc-resources-ltd-announces-closing-of-acquisition-by-shell-plc/): CALGARY, AB, Sept. 2, 2026 /CNW/ -- (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") announced today the closing of the previously announced acquisition by an indirect, wholly-owned subsidiary of Shell plc ("Shell") of all of the outstanding common shares of ARC (the "ARC Shares") in a cash and share transaction (the "Arrangement") valued
- [Petrus Resources Declares Monthly Dividend for September 2026](https://boereport.com/2026/09/01/petrus-resources-declares-monthly-dividend-for-september-2026/): CALGARY, Alberta, Sept. 01, 2026 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to confirm that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable September 29, 2026, to shareholders of record on September 15, 2026. The dividend is designated as
- [Ottawa to announce extension of gas tax holiday beyond Labour Day](https://boereport.com/2026/09/02/ottawa-to-announce-extension-of-gas-tax-holiday-beyond-labour-day/): OTTAWA - Finance Minister FranÇois-Philippe Champagne is expected to announce an extension of the gas tax holiday at a press conference in Ottawa on Wednesday. The Liberals temporarily suspended the federal 10-cent-per-litre excise tax on gas in April when the United States' war on Iran caused global fuel prices to spike. Gas prices are rising
- [Iran blacklists more ships trying to sail through Hormuz, govt website shows](https://boereport.com/2026/09/02/iran-blacklists-more-ships-trying-to-sail-through-hormuz-govt-website-shows/): Iran has added more ships it deems as non-compliant and subject to fines, confiscation or detention if they try to sail through the Strait of Hormuz, according to a government website. Tehran said on August 24 it had blacklisted 45 tankers that had broken its rules for navigating the Strait of Hormuz, and would take
- [US crude stocks fall on strong refining activity and exports, EIA says](https://boereport.com/2026/09/02/us-crude-stocks-fall-on-strong-refining-activity-and-exports-eia-says/): U.S. crude oil stockpiles fell sharply last week amid strong demand from the refining sector and higher exports, the Energy Information Administration said on Wednesday. Crude inventories fell by 4.5 million barrels to 424.5 million barrels in the week ended August 28, the EIA said, compared with analysts' expectations in a Reuters poll for a
- [Prediction market Kalshi to file for US crude oil 'perps', source says](https://boereport.com/2026/09/02/prediction-market-kalshi-to-file-for-us-crude-oil-perps-source-says/): Kalshi is preparing to file a perpetual West Texas Intermediate crude oil contract with U.S. regulators, a source familiar with the matter said, expanding the prediction market startup's offerings beyond cryptocurrencies and metals. The filing with the U.S. Commodity Futures Trading Commission, expected as early as next week, will seek approval for 24/5 trading of
- [Chevron Expands Position in Venezuela](https://boereport.com/2026/09/02/chevron-expands-position-in-venezuela/): HOUSTON--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today announced agreements with Venezuela that establish updated terms for its joint ventures, supporting future investment, project development and production growth in the country. The agreements set out provisions for Chevron's joint ventures in Venezuela, including enhanced fiscal, commercial and legal terms intended to support durable and competitive long-term investments.
- [Efficiency or resilience? Democracies can only pick one: Joachim Klement](https://boereport.com/2026/09/02/efficiency-or-resilience-democracies-can-only-pick-one-joachim-klement/): Efficiency has long been the prime objective of business and government policy. But the pandemic, trade wars and armed conflicts have called this into question, stressing the importance of resilience. Yet this too comes with a cost, and it’s one many elected leaders aren’t eager to pay. For generations, students of microeconomics and business have
- [US energy secretary says Venezuela oil output to more than double in next few years](https://boereport.com/2026/09/01/us-energy-secretary-says-venezuela-oil-output-to-more-than-double-in-next-few-years/): U.S. Energy Secretary Chris Wright said on Tuesday after landing in Venezuela that deals that oil companies from the U.S. and other countries sign tomorrow in Caracas will lead to a more than doubling of crude production in the next few years. Wright is on a one-day trip to the founding OPEC member, his second
- [Venezuela's oil exports almost unchanged at 1.17 million bpd in Aug, data shows](https://boereport.com/2026/09/01/venezuelas-oil-exports-almost-unchanged-at-1-17-million-bpd-in-aug-data-shows/): Venezuela's oil exports remained almost unchanged in August at 1.17 million barrels per day, with a larger flow to India and Europe compensating for lower shipments to the U.S., its main market, according to documents and vessel monitoring data on Tuesday. The number of tankers lining up to load and their average waiting time increased
- [The Americas’ oil bonanza will outlast the Iran conflict: Bousso](https://boereport.com/2026/09/01/the-americas-oil-bonanza-will-outlast-the-iran-conflict-bousso/): From Canada to Argentina, oil producers across the Americas have enjoyed a windfall during the Iran warby capturing market share lost by Middle Eastern exporters. The renewed focus on energy security globally could transform this emergency response into a lasting structural change. Oil production in the Americas has become a viable alternative to the Middle
- [Trump plan risks derailing Venezuela oil recovery: Bousso](https://boereport.com/2026/09/02/trump-plan-risks-derailing-venezuela-oil-recovery-bousso/): President Donald Trump's plan to secure direct U.S. access to a large share of Venezuela's vast oil reserves could end up derailing the country's long-awaited petroleum revival by stifling competition, distorting markets and deterring the foreign investment needed to rebuild the South American nation’s battered energy industry. The plan unveiled on Monday would see Washington
- [What are Iran's options to retaliate as open warfare resumes with the US?](https://boereport.com/2026/09/02/what-are-irans-options-to-retaliate-as-open-warfare-resumes-with-the-us/): The United States launched a new wave of attacks on Iran late on Tuesday six months into a deadlocked conflict, prompting Iranian missile fire at what it called U.S. assets in Jordan, Bahrain, Kuwait and Iraq. Here are other ways Iran might retaliate if the conflict continues to escalate or a U.S. campaign to choke
- [Two oil tankers hit mines and were disabled, Iran's Revolutionary Guards say](https://boereport.com/2026/09/02/two-oil-tankers-hit-mines-and-were-disabled-irans-revolutionary-guards-say/): Two oil tankers hit sea mines and were disabled while attempting to transit the Strait of Hormuz, Iran's Revolutionary Guards said on Wednesday, in a statement shared by state media. The statement said the tankers had been forced to disembark their crews and were placed in the hands of U.S. operatives to pass through what
- [Chevron expands Venezuela position, to invest $7 billion in next five years](https://boereport.com/2026/09/02/chevron-expands-venezuela-position-to-invest-7-billion-in-next-five-years/): Chevron said on Wednesday it had agreed with Venezuela on updated terms for its joint ventures in the country and plans to invest more than $7 billion over the next five years, targeting production of about 600,000 bpd. The expansion is the culmination of several months of negotiation conducted separately from Washington's recent announcement of
- [Journey Announces Closing of Northwest Assets Disposition](https://boereport.com/2026/09/01/journey-announces-closing-of-northwest-assets-disposition/): Calgary, Alberta--(Newsfile Corp. - September 1, 2026) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to announce the closing of its previously announced disposition. The assets sold include the Ante Creek pool and the Pine Creek gas field as well as certain of Journey's minor properties in Northwest Alberta.
- [TSX down nearly 450 points as oil prices rise, U.S. stock markets also lower](https://boereport.com/2026/09/01/tsx-down-nearly-450-points-as-oil-prices-rise-u-s-stock-markets-also-lower/): TORONTO - Canada’s main stock index fell nearly 450 points, while U.S. markets were also negative and oil prices rose amid more U.S. military strikes on Iran. The U.S. military hit targets in Iran on Tuesday after it said Tehran tried to attack commercial ships and American forces in the Middle East, as hostilities flare
- [Tourmaline declares quarterly dividend](https://boereport.com/2026/09/01/tourmaline-declares-quarterly-dividend-11/): CALGARY, AB, Sept. 1, 2026 /CNW/ -- Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.50 per common share. The dividend will be payable on September 29, 2026 to shareholders of record at the close
- [New oil and gas jobs from BOE Report Jobs](https://boereport.com/2026/09/01/new-oil-and-gas-jobs-from-boe-report-jobs-498/): Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title
- [Pine Cliff Energy Ltd. Declares Monthly Dividend for September 30, 2026](https://boereport.com/2026/09/01/pine-cliff-energy-ltd-declares-monthly-dividend-for-september-30-2026/): Calgary, Alberta--(Newsfile Corp. - September 1, 2026) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") has declared a regular monthly dividend of $0.00125 per common share to be paid September 30, 2026, to shareholders of record on September 15, 2026. The dividend is designated as 85% non-eligible and 15%
- [US officials defend Venezuela oil deal, say agreement part of path to democracy](https://boereport.com/2026/09/01/us-officials-defend-venezuela-oil-deal-say-agreement-part-of-path-to-democracy/): U.S. officials on Tuesday defended Washington's deal to take an equity stake in a venture to operate oilfields in Venezuela and the businessman who will run it, casting the agreement as part of a process that would help the U.S. secure a reliable and stable supply of crude while helping to rebuild a country hollowed
- [US LNG exports rise in August as Europe snaps up cargoes ahead of winter](https://boereport.com/2026/09/01/us-lng-exports-rise-in-august-as-europe-snaps-up-cargoes-ahead-of-winter/): U.S. liquefied natural gas exports rose slightly in August as major export plants in Texas finished maintenance and European buyers increased purchases to replenish gas inventories ahead of winter, according to preliminary data from financial firm LSEG. The United States exported 10.7 million metric tons of LNG in August, up from 10.48 MT in July,
- [US judge rules shale oil antitrust case can proceed against major producers](https://boereport.com/2026/09/01/us-judge-rules-shale-oil-antitrust-case-can-proceed-against-major-producers/): Diamondback Energy, Occidental Petroleum and several other U.S. oil producers failed to persuade a federal judge to dismiss a series of lawsuits alleging they conspired to curb output, leading to higher prices for crude oil and related products such as gasoline, diesel fuel and home heating oil. Here are the details: * U.S. District Judge
- [Chesapeake unit sells stake in $1.2 billion Florida gas pipeline project to NextEra](https://boereport.com/2026/09/01/chesapeake-unit-sells-stake-in-1-2-billion-florida-gas-pipeline-project-to-nextera/): Chesapeake Utilities said on Tuesday its unit has sold a 49% stake in a $1.2 billion South Florida natural gas transmission infrastructure project to NextEra Energy Resources. The project, called Florida Energy Pathway, is designed to expand natural gas transportation capacity and address regional supply constraints, Chesapeake said. Here are more details: * Utilities have
- [Comstock to sell Haynesville asset stakes to Azerbaijan's SOCAR for $1.65 billion](https://boereport.com/2026/09/01/comstock-to-sell-haynesville-asset-stakes-to-azerbaijans-socar-for-1-65-billion/): Comstock Resources said on Tuesday it plans to sell stakes in its Haynesville shale assets and related midstream business to Azerbaijan's SOCAR for $1.65 billion in cash, as the U.S. natural gas producer aims to reduce its debt. The deal would give SOCAR stakes in Comstock's Legacy and Western Haynesville assets, as well as the
- [Bond selloff deepens as rising energy prices stoke inflation fears](https://boereport.com/2026/09/01/bond-selloff-deepens-as-rising-energy-prices-stoke-inflation-fears/): Selling drove global bond yields to major new highs on Tuesday as renewed fighting in the Middle East lifted oil prices above $90 a barrel and put pressure on stock markets around the world. Japan's 10-year benchmark hit 3% for the first time in a generation. The 10-year U.S. Treasury yield, a benchmark for prices
- ['You just move forward': Greenland Energy oil exploration delayed by a year](https://boereport.com/2026/09/01/you-just-move-forward-greenland-energy-oil-exploration-delayed-by-a-year/): CALGARY - A drilling rig was being retooled in Alberta. Trucks and cranes were set to ship from Denmark. More equipment was due from Houston. And a Quebec shipping firm was preparing to receive cargoes from those far flung locales at a port west of Montreal, load them Tetris-style onto vessels and sail this fall
- [InPlay Oil Corp. Confirms Monthly Dividend for September 2026](https://boereport.com/2026/09/01/inplay-oil-corp-confirms-monthly-dividend-for-september-2026/): CALGARY, AB, Sept. 1, 2026 /CNW/ -- InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to confirm that its Board of Directors has declared a monthly cash dividend of $0.09 per common share payable on September 29, 2026, to shareholders of record at the close of business on September
- [Oil jumps more than 1% after US attack on Iran's Larak island](https://boereport.com/2026/08/30/oil-jumps-more-than-1-after-us-attack-on-irans-larak-island/): Oil prices jumped more than $1 a barrel on Monday after the U.S. attacked an Iranian island in the Strait of Hormuz and drew retaliation from Tehran, as conflict in the Middle East extended into its sixth month. Brent crude futures climbed $1.08, or 1.23%, to $89.18 a barrel as at 0040 GMT while U.S.
- [Oil prices rise as latest fighting revives Mideast supply disruption risks](https://boereport.com/2026/08/31/oil-prices-rise-as-latest-fighting-revives-mideast-supply-disruption-risks/): Oil prices gained around $1 on Tuesday as the resumption of fighting between the U.S. and Iran in the Middle East renewed fears of supply disruptions from the world's key crude-producing region. Brent crude futures were up $1.05, or 1.2%, to $91.54 a barrel at 0455 GMT, while U.S. West Texas Intermediate crude was up
- [White House releases terms of oil deal with North American Blue Energy Partners](https://boereport.com/2026/08/31/white-house-releases-terms-of-oil-deal-with-north-american-blue-energy-partners/): The White House on Monday released terms of the U.S.-Venezuela oil deal with North American Blue Energy Partners. * The release comes days after Washington and Caracas struck a deal that gives U.S. partial control of Venezuela's oil reserves. * "NABEP has developed an ambitious plan to rapidly scale production by investing up to $100
- [Iraq seeks premium for Sept oil loading outside Hormuz, document shows](https://boereport.com/2026/09/01/iraq-seeks-premium-for-sept-oil-loading-outside-hormuz-document-shows/): Iraq has set floor prices for its Basrah Medium oil offered via a tender for loading in September from outside the Strait of Hormuz, a tender document reviewed by Reuters showed on Tuesday. Iraq's national oil company SOMO is asking participants in its tender, issued last month, for a premium over the destination market benchmark,
- [Trump's oil deal with Venezuela raises red flags for some major producers, sources say](https://boereport.com/2026/09/01/trumps-oil-deal-with-venezuela-raises-red-flags-for-some-major-producers-sources-say/): An unprecedented deal for the U.S. to gain access to a fifth of Venezuela's oil reserves - and the central role a Venezuelan businessman will play - is prompting questions and hesitation from some oil companies evaluating potential investments in the country, sources familiar with the situation told Reuters. A White House fact sheet released
- [Two tankers carrying Saudi oil attacked in Strait of Hormuz](https://boereport.com/2026/09/01/two-tankers-carrying-saudi-oil-attacked-in-strait-of-hormuz/): Two supertankers carrying Saudi oil were struck by unknown projectiles within minutes of each other while transiting outbound through the Strait of Hormuz late on Monday, according to shipping intelligence and tracking firms Marisks and Kpler. "The near-simultaneous incidents represent a further escalation in the threat environment within the Omani corridor," Marisks said. The tankers
- [Paramount Resources Ltd. Announces September Dividend](https://boereport.com/2026/09/01/paramount-resources-ltd-announces-september-dividend-4/): CALGARY, AB, Sept. 1, 2026 /CNW/ -- Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on September 29, 2026 to shareholders of record on September 15, 2026. The dividend will
- [International Petroleum Corporation Announces Results of Normal Course Issuer Bid  and Updated Share Capital](https://boereport.com/2026/08/31/international-petroleum-corporation-announces-results-of-normal-course-issuer-bid-and-updated-share-capital-19/): International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 224,832 IPC common shares (ISIN: CA46016U1084) during the period of August 24 to 31, 2026 under IPC’s previously announced normal course issuer bid / share repurchase program (NCIB). IPC’s NCIB, announced on December 3,
- [Acerta Energy Ltd. to Acquire Astara Energy Corp., Adding 5,000 boe/d of Oil-Weighted Production and Growing to an Estimated 13,900 boe/d at Close in Alberta's Established Conventional Oil Fairways](https://boereport.com/2026/08/27/acerta-energy-ltd-to-acquire-astara-energy-corp-adding-5000-boe-d-of-oil-weighted-production-and-growing-to-an-estimated-13900-boe-d-at-close-in-albertas-established-conventional-oil-fairways/): Transaction Highlights Adds 5,000 boe/d of operated, liquids-rich production, increasing current corporate production by approximately 67% to approximately 12,500 boe/d, rising to an estimated 13,900 boe/d at closing as new wells from Acerta's ongoing drilling program come on stream Increases corporate liquids weighting to 60% and oil weighting to 50%, with oil production more than
- [Officials: US firm to take over some Venezuela oilfields previously run by Chinese, Russian firms](https://boereport.com/2026/08/31/officials-us-firm-to-take-over-some-venezuela-oilfields-previously-run-by-chinese-russian-firms/): U.S. oil company North American Blue Energy Partners (NABEP) will take over some oilfields previously controlled by several Chinese companies and a Russian firm, two U.S. officials told Reuters on Monday. The takeover will be part of a sweeping oil production agreement that President Donald Trump announced with Venezuela, they said. The projects were among
- [Trump on possible Venezuela departure from OPEC: 'It's up to them'](https://boereport.com/2026/08/31/trump-on-possible-venezuela-departure-from-opec-its-up-to-them/): U.S. President Donald Trump said on Monday that it is up to Venezuela to decide whether it should leave the Organization of the Petroleum Exporting Countries (OPEC), of which it has been part for more than 60 years. "Well, I don't know. That's up to them. I mean, that's going to be up to them,"
- [Trump says Exxon is 'going in' to Venezuela as US pushes oil deals](https://boereport.com/2026/08/31/trump-says-exxon-is-going-in-to-venezuela-as-us-pushes-oil-deals/): U.S. President Donald Trump said Monday that ExxonMobil, the largest U.S. oil major, was among a group of companies planning to do business in Venezuela. Exxon declined to comment. Any entrance into the South American country would mark a stunning reversal nearly two decades after the company exited following the nationalization of its assets. The
- [US to announce sharply lower vehicle fuel economy requirements](https://boereport.com/2026/08/31/us-to-announce-sharply-lower-vehicle-fuel-economy-requirements/): The Trump administration will soon announce sharply lower vehicle fuel-economy standards, reversing a push by the prior administration to force automakers to build more fuel-efficient vehicles, Transportation Secretary Sean Duffy said Monday. The National Highway Traffic Safety Administration in December proposed significantly reducing fuel economy requirements from model years 2022 to 2031, requiring a fleetwide
- [How are Caracas and Washington structuring a massive oil output deal?](https://boereport.com/2026/08/31/how-are-caracas-and-washington-structuring-a-massive-oil-output-deal/): The large-scale oil production agreement that Venezuela and the U.S. disclosed last week requires a complicated three-layer structure to develop at least a portion of the 64 billion barrels of proved reserves contained in the 17 oilfields included in the deal. If completed as it is being negotiated so far, the pact will immediately provide
- [Prime Minister Carney announces the appointments of new Chair of the Board and CEO of Invest in Canada](https://boereport.com/2026/08/31/prime-minister-carney-announces-the-appointments-of-new-chair-of-the-board-and-ceo-of-invest-in-canada/): OTTAWA, ON, Aug. 31, 2026 /CNW/ -- The world is changing rapidly. In response, Canada's new government is focused on what we can control: building a stronger, more resilient, more independent Canadian economy that is not reliant on any single trading partner. Central to this mission is our ambitious plan to catalyse $1 trillion in total investment
- [Alberta's Smith says Canadians 'confused' by Trump's targeting of Lake Ontario](https://boereport.com/2026/08/31/albertas-smith-says-canadians-confused-by-trumps-targeting-of-lake-ontario/): EDMONTON - Alberta Premier Danielle Smith is pushing her message for an end to the fierce U.S.-Canada trade war directly to Americans. Smith, appearing on the Fox Business Network, says Canadians are confused and disappointed by U.S. President Donald Trump's recent effort to rebrand Lake Ontario as Lake America. She says it's particularly confounding given
- [Venezuela oil deal raises trouble not capital](https://boereport.com/2026/08/31/venezuela-oil-deal-raises-trouble-not-capital/): (The author is a Reuters Breakingviews columnist. The opinions expressed are his own.) By Robert Cyran NEW YORK, Aug 31 (Reuters Breakingviews) - One of the biggest oil deals ever is not especially artful. President Donald Trump said on Sunday that the United States would take control of 65 billion barrels of Venezuelan reserves. Details
- [Oil stocks in US Strategic Petroleum Reserve fall by 3.1 million barrels to lowest level since 1982 ](https://boereport.com/2026/08/31/oil-stocks-in-us-strategic-petroleum-reserve-fall-by-3-1-million-barrels-to-lowest-level-since-1982/): Stocks of crude oil in the U.S. Strategic Petroleum Reserve fell by about 3.1 million barrels to 286.6 million barrels last week, the lowest level since November 1982, according to data from the Department of Energy. The drawdowns are part of a U.S. agreement to release 172 million barrels from the facility. (Reporting by Anjana
- [A look at Iran's Kharg Island and energy sector](https://boereport.com/2026/08/31/a-look-at-irans-kharg-island-and-energy-sector-2/): Oil jumped on escalating Iranian tensions, including an AI-generated post by U.S. President Donald Trump that he said showed the Kharg Island oil hub being destroyed, a claim one Iranian official said was "laughable". There was no evidence of such an attack and a U.S. official said on Monday the military had not targeted Kharg
- [Cheniere completes Corpus Christi Stage 3 LNG expansion project](https://boereport.com/2026/08/31/cheniere-completes-corpus-christi-stage-3-lng-expansion-project/): LNG exporter Cheniere Energy said on Monday it had substantially completed its Corpus Christi Stage 3 expansion project in Texas, increasing its liquefied natural gas production capacity by more than 20% to 56 million tons per annum (mtpa). The expansion strengthens Cheniere's position as the largest U.S. LNG exporter at a time when the industry
- [Firms including Chevron, ONGC, GE Vernova on track to sign final pacts in Venezuela, sources say](https://boereport.com/2026/08/31/firms-including-chevron-ongc-ge-vernova-on-track-to-sign-final-pacts-in-venezuela-sources-say/): U.S. Chevron and GE Vernova, India's ONGC, Italy's Eni and Colombia's GeoPark are on track to sign final agreements in Venezuela after months of negotiations to firm up energy projects in the OPEC country, four sources close to the preparations said. The agreements, which could be inked as early as this week, are separate from
- [Harvest Operations Corp.: Property Divestiture](https://boereport.com/2026/08/31/harvest-operations-corp-property-divestiture/): Harvest Operations Corp. (“Harvest” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale of Harvest’s conventional oil and natural gas properties (the “Properties”) located in Alberta and British Columbia. The Properties consist of operated and non-operated working interests which are located throughout Alberta and British Columbia. For marketing purposes,
- [Iran denies attack on Kharg Island, calls Trump's post 'laughable', Nournews reports](https://boereport.com/2026/08/31/iran-denies-attack-on-kharg-island-calls-trumps-post-laughable-nournews-reports/): Oil operations at Iran's Kharg Island have not stopped, Hamid Bovard, CEO of the National Iranian Oil Company, said on Monday, according to Nournews, which said he denied the key oil hub was being destroyed, as U.S. President Donald Trump's social media post had said. "Trump's tweets are laughable and conditions in Kharg are calm
- [UAE says forces dealt with drone coming from Iran, condemns attack as dangerous escalation](https://boereport.com/2026/08/31/uae-says-forces-dealt-with-drone-coming-from-iran-condemns-attack-as-dangerous-escalation/): The UAE air force engaged a drone over its territorial waters that had come from Iran, the defence ministry said in a statement on Monday. It did not provide further details on the drone, including whether it was shot down or its intended target. The UAE foreign ministry later strongly condemned the Iranian drone attack
- [Trump to host oil executives after accusing refiners of gouging consumers](https://boereport.com/2026/08/31/trump-to-host-oil-executives-after-accusing-refiners-of-gouging-consumers/): President Donald Trump has accused U.S. oil refiners of gouging Americans, called for a Justice Department investigation and urged companies to use their bumper earnings to bring down gasoline prices that spiked amid the ongoing conflict with Iran. On Tuesday, he is expected to host many of those companies at the White House to celebrate
- [SLB expands data center business with $3.4 billion deal for Kelvion](https://boereport.com/2026/08/31/slb-expands-data-center-business-with-3-4-billion-deal-for-kelvion/): SLB on Monday said it will acquire cooling equipment maker Kelvion from Apollo Global and funds managed by Triton for $3.4 billion in cash, expanding its data center business as rapid AI adoption drives demand for power and cooling infrastructure. The world's largest oilfield services company will also assume about $700 million of Kelvion's debt
- [Japan's oil imports rise 17% in July as US supplies jump](https://boereport.com/2026/08/31/japans-oil-imports-rise-17-in-july-as-us-supplies-jump/): Japan's crude oil imports rose 17% in July from a year earlier as a surge in U.S. shipments and a recovery in purchases from Saudi Arabia offset lower supplies from other Middle Eastern producers, official data showed on Monday. Imports rose to 2.38 million barrels per day (11.72 million kilolitres), the Ministry of Economy, Trade
- [Depleted US oil stash loses potency as Iran war grinds on](https://boereport.com/2026/08/31/depleted-us-oil-stash-loses-potency-as-iran-war-grinds-on/): Six months into the U.S.-Israeli war with Iran, Washington may find it harder to calm jittery oil markets after U.S. presidents drained the aging Strategic Petroleum Reserve over the last five years. The SPR, which Washington created after the oil crises of the 1970s, holds crude in a series of 60 underground salt caverns along
- [Source Rock Royalties announces second quarter 2026 results including record quarterly royalty revenue](https://boereport.com/2026/08/31/source-rock-royalties-announces-second-quarter-2026-results-including-record-quarterly-royalty-revenue/): CALGARY, AB, Aug. 31, 2026 /CNW/ -- Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil focused royalties and Crown mineral leases, announces results for the three and six month periods ended June 30, 2026. Second Quarter Highlights: Record quarterly royalty revenue of
- [Experts, lawyers puzzled over US-Venezuela oil deal, call for contract transparency](https://boereport.com/2026/08/31/experts-lawyers-puzzled-over-us-venezuela-oil-deal-call-for-contract-transparency/): A massive long-term oil deal expected to grant the U.S. access to a fifth of Venezuela's crude reserves has energy experts and lawyers questioning its legality and eventual execution, while calling on both governments for contract transparency. The unprecedented pact, announced by U.S. President Donald Trump on Friday and confirmed by Venezuela's interim President Delcy
- [Vessels crossing Strait of Hormuz drop to 5 per day over weekend](https://boereport.com/2026/08/30/vessels-crossing-strait-of-hormuz-drop-to-5-per-day-over-weekend/): The number of visible commodity vessels transiting the Strait of Hormuz dropped to five per day over the weekend, shipping data showed on Monday, as companies tread cautiously amid continued attacks on ships. The actual number of ships passing the strait could be higher as some vessels have switched off their automatic identification system to
- [US forces strike two Iranian launchers on Iran's Larak island, Axios reports](https://boereport.com/2026/08/30/us-forces-strike-two-iranian-launchers-on-irans-larak-island-axios-reports/): U.S. forces struck two Iranian launchers on Iran's Larak island earlier on Sunday, Axios reported, citing a U.S. official. "Revolutionary Guard forces were observed preparing to launch rockets carrying sea mines toward the Strait of Hormuz," Axios reporter Barak Ravid quoted the official as saying. (Reporting by Kanishka Singh in Washington; Editing by Edmund Klamann)
- [ONEOK to buy Brazos Midstream's Permian Midland Basin assets for $4.43 billion](https://boereport.com/2026/08/30/oneok-to-buy-brazos-midstreams-permian-midland-basin-assets-for-4-43-billion/): ONEOK said on Sunday it has agreed to buy Brazos Midstream's Permian Midland Basin natural gas gathering and processing assets for around $4.43 billion, more than doubling the U.S. pipeline operator's processing capacity in the region. The acquisition comes as pipeline operators in the U.S. are benefiting from increased oil and gas output in the
- [Trump says U.S. will refill Strategic Petroleum Reserve using Venezuelan oil](https://boereport.com/2026/08/30/trump-says-u-s-will-refill-strategic-petroleum-reserve-using-venezuelan-oil/): U.S. President Donald Trump said on Sunday that oil from a recently struck deal with Venezuela will be used to replenish the Strategic Petroleum Reserve, which has been drawn down sharply in recent years to respond to global supply disruptions and high fuel prices. Trump said in a social media post that the "topping out"
- [US to take 35% stake in Venezuelan mogul Betancourt's oil venture, WSJ reports](https://boereport.com/2026/08/29/us-to-take-35-stake-in-venezuelan-mogul-betancourts-oil-venture-wsj-reports/): The U.S. government plans to take a 35% passive stake in Venezuelan businessman Alejandro Betancourt’s North American Blue Energy Partners, the Wall Street Journal reported on Saturday, citing people involved in negotiating the deal. The U.S. also plans to secure preferential rights to purchase 20% of the company's production at cost, the WSJ reported. The
- [Venezuela's interim president says US energy deal will last 25 years](https://boereport.com/2026/08/29/venezuelas-interim-president-says-us-energy-deal-will-last-25-years/): Venezuelan interim President Delcy Rodriguez said on Saturday that an energy agreement with the U.S. would remain in force for 25 years, target an increase in crude output to 1.5 million barrels per day (bpd) and preserve the country's sovereignty over its natural resources. Rodriguez hailed the accord in a late-night address as a "historic"
- [Prospera Energy Announces Two-Year Extension of Senior Term Loan and Repricing of Equity Financing](https://boereport.com/2026/08/29/prospera-energy-announces-two-year-extension-of-senior-term-loan-and-repricing-of-equity-financing/): Calgary, Alberta--(Newsfile Corp. - August 29, 2026) - Prospera Energy (TSXV: PEI) (OTC Pink: GXRFF) ("Prospera", "PEI", the "Corporation", or the "Company") is pleased to announce that it has entered into an amendment to its senior term loan, extending the maturity date by two years, from August 31st, 2026 to August 31st, 2028. The facility,
- [Trump announces sweeping US grab for control of Venezuela's vast oil reserves](https://boereport.com/2026/08/28/trump-announces-sweeping-us-grab-for-control-of-venezuelas-vast-oil-reserves/): President Donald Trump on Friday announced an unprecedented U.S. push to take control of a fifth of Venezuela's vast oil reserves, betting that American companies can revive the OPEC nation's battered energy industry while delivering a new source of crude to help bring down U.S. fuel prices. Trump provided few details about the agreement, saying
- [Chevron to complete deal in Venezuela to migrate, expand oil projects, sources say](https://boereport.com/2026/08/28/chevron-to-complete-deal-in-venezuela-to-migrate-expand-oil-projects-sources-say/): Chevron is about to finalize negotiations to migrate all its oil joint ventures in Venezuela into the country's new energy framework, allowing the U.S. major more control over operations and key oilfield expansions, two sources close to the negotiations said. The agreement, expected to be announced on Wednesday, will include a previously announced asset swap
- [Westgate Energy Announces Q2 2026 Financial Results and Provides Operational Update](https://boereport.com/2026/08/28/westgate-energy-announces-q2-2026-financial-results-and-provides-operational-update/): CALGARY, AB, Aug. 28, 2026 /CNW/ -- Westgate Energy Inc. ("Westgate" or the "Company") (TSXV: WGT), is pleased to announce the filing of its unaudited financial and operating results for the three and six months ended June 30, 2026. The selected financial and operating information provided below should be read in conjunction with Westgate's unaudited
- [US in talks with Venezuelan mogul Betancourt for oil deal, Bloomberg News reports](https://boereport.com/2026/08/28/us-in-talks-with-venezuelan-mogul-betancourt-for-oil-deal-bloomberg-news-reports/): The U.S. government is pursuing a major stake in Venezuelan oil reserves via a potential partnership with Venezuelan businessman Alejandro Betancourt, Bloomberg News reported on Friday, citing people familiar with the matter. The negotiations are focused on as many as 17 oil fields in Venezuela's main petroleum basins, while the Pentagon's Office of Strategic Capital
- [Iran's navy says it has 'full control' over Strait of Hormuz](https://boereport.com/2026/08/28/irans-navy-says-it-has-full-control-over-strait-of-hormuz/): Iran's Revolutionary Guards Corps Navy rejected U.S. claims that the Strait of Hormuz was open, calling them an attempt to control oil prices and conceal what it described as U.S. failures. It said the restrictions would continue until U.S. military actions against Iran end and relevant commitments are implemented, according to a statement. (Reporting by
- [Trans Mountain CEO says US trade rift adds urgency to Canada's oil pipeline plan](https://boereport.com/2026/08/28/trans-mountain-ceo-says-us-trade-rift-adds-urgency-to-canadas-oil-pipeline-plan/): The collapse of trade talks with the United States has created urgency to plan a new oil pipeline to Canada's west coast, the CEO of the government-owned Trans Mountain pipeline company said on Friday. The project is still a concept, but both the oil-producing province of Alberta and Canada's government say it is in the
- [Argentina locks in $900 million for pipeline to feed first large-scale LNG exports](https://boereport.com/2026/08/28/argentina-locks-in-900-million-for-pipeline-to-feed-first-large-scale-lng-exports/): Argentina's San Matias Pipeline consortium said on Friday it had closed a $900 million project finance loan to build a pipeline from the Vaca Muerta shale formation to the Atlantic coast in Rio Negro province, a crucial piece of financing for the nation's long-delayed ambition to become a global natural gas exporter. The financing marks
- [US energy firms leave rig count unchanged in latest week, Baker Hughes says](https://boereport.com/2026/08/28/us-energy-firms-leave-rig-count-unchanged-in-latest-week-baker-hughes-says-2/): U.S. energy firms left the overall rig count unchanged in the latest week, energy services firm Baker Hughes said in its closely followed report on Friday. The total oil and gas rig count, an early indicator of future output, held at 588 in the week to August 28. Baker Hughes said the total count was
- [Trans Mountain says Alberta-B.C. pipeline running almost full](https://boereport.com/2026/08/28/trans-mountain-says-alberta-b-c-pipeline-running-almost-full/): CALGARY - Trans Mountain Corp. says the pipeline that sends Alberta crude to the Vancouver area ran 94 per cent full during the second quarter. The pipeline has been operating since the 1950s, and an expansion tripling its capacity to 890,000 barrels per day came into service in 2024. During the three months ended June
- [New Brunswick gives green light for 500 MW gas plant](https://boereport.com/2026/08/28/new-brunswick-gives-green-light-for-500-mw-gas-plant/): FREDERICTON - The New Brunswick government has granted conditional approval for a 500-megawatt natural gas plant. The green light comes after an environmental impact assessment and is based on a series of 45 conditions that must be met by the company building the station. The province's public utility NB Power says it needs the project
- [Trans Mountain Reports Q2 2026 Results](https://boereport.com/2026/08/28/trans-mountain-reports-q2-2026-results/): All financial figures are in Canadian dollars, unless noted otherwise. Calgary, Alberta--(Newsfile Corp. - August 28, 2026) - Trans Mountain Corporation ("Trans Mountain" or TMC" or "the Company") announced today its financial and operating results for the second quarter of 2026. "Trans Mountain was built to connect Canadian crude oil to global markets and generate
- [Petrus Resources Announces Monthly Activity Update](https://boereport.com/2026/08/27/petrus-resources-announces-monthly-activity-update-48/): CALGARY, Alberta, Aug. 27, 2026 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company's website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic
- [Enbridge and KKR Announce New Joint Venture to Support Investment in the Westcoast Pipeline System in BC](https://boereport.com/2026/08/27/enbridge-and-kkr-announce-new-joint-venture-to-support-investment-in-the-westcoast-pipeline-system-in-bc/): C$2.7 billion transaction led by KKR in collaboration with Apollo to fund Aspen Point and Sunrise Expansion Programs CALGARY, AB, Aug. 27, 2026 /PRNewswire/ - Enbridge Inc. ("Enbridge") (TSX: ENB) (NYSE: ENB) announced today that it has entered into a definitive agreement with KKR to form a new joint venture, subject to the satisfaction of
- [Shipping traffic via Strait of Hormuz slips below 10-day average, data shows](https://boereport.com/2026/08/27/shipping-traffic-via-strait-of-hormuz-slips-below-10-day-average-data-shows/): Seven commodity vessels transited the Strait of Hormuz on Thursday, down from 17 a day earlier and below the 10-day average of 15, preliminary shipping data showed on Friday. Among the seven vessels that transited were two medium-range tankers, one very large gas carrier (VLGC), one Ultramax vessel, one intermediate tanker and two chemical tankers,
- [Oil on track for weekly loss even as Iran tensions simmer](https://boereport.com/2026/08/28/oil-on-track-for-weekly-loss-even-as-iran-tensions-simmer/): Oil prices fell on Friday and are on track to snap a two-week winning streak, despite settling higher in the previous session following a report that U.S. President Donald Trump is not interested in returning to previous deal terms with Iran. Brent crude futures were down 60 cents, or 0.67%, to $89.10 a barrel at
- [Pipelines and ports: Iran war spurs Gulf infrastructure investment](https://boereport.com/2026/08/28/pipelines-and-ports-iran-war-spurs-gulf-infrastructure-investment/): The Iran war's redrawing of the global trade map is forcing Gulf nations to retool their investment play book, ploughing capital into infrastructure, from energy pipelines to ports, to weather the fallout from the conflict. The war has highlighted the Gulf's overreliance on the Strait of Hormuz, previously a chokepoint for 20% of global oil
- [Goldman Sachs estimates Gulf oil exports at 15 million to 16 million bpd](https://boereport.com/2026/08/27/goldman-sachs-estimates-gulf-oil-exports-at-15-million-to-16-million-bpd/): Goldman Sachs on Thursday estimated recent total Gulf exports at roughly 15 million to 16 million barrels per day (bpd), still 7 million to 8 million bpd below pre-war levels, but 5 million to 6 million bpd above the March trough. The estimates published in a note were derived using two independent methods. * Goldman
- [Venezuela weighs OPEC exit, Bloomberg News reports](https://boereport.com/2026/08/27/venezuela-weighs-opec-exit-bloomberg-news-reports/): Venezuela is closely examining plans to leave OPEC, Bloomberg News reported on Thursday, citing people familiar with the matter. The idea of an exit has been a topic in conversations with U.S. officials, and no final decision has been made, the report added. Reuters could not immediately verify the report. (Reporting by Sumedha Mukherjee in
- [US nears deal to secure long-term access to Venezuela's oil reserves, sources say](https://boereport.com/2026/08/27/us-nears-deal-to-secure-long-term-access-to-venezuelas-oil-reserves-sources-say/): Trump administration officials are working on a deal to secure long-term access to a portion of Venezuela's crude reserves, sources with knowledge of the negotiations said on Thursday, a move that could ultimately lower the cost of oil imports. The agreement, which could be signed and made public soon, is expected to operate in a
- [Trump to meet refiners, fuel retailers as Iran war boosts gas prices ahead of midterms, sources say](https://boereport.com/2026/08/27/trump-to-meet-refiners-fuel-retailers-as-iran-war-boosts-gas-prices-ahead-of-midterms-sources-say/): President Donald Trump is expected to meet with U.S. refiners and fuel retailers next week to highlight efforts to lower gasoline prices, as his administration seeks to ease pressure on consumers from the Iran war ahead of November's congressional midterm elections, people familiar with the matter said. The political stakes are high for Trump and
- [Enbridge Says Line 5 In Wisconsin To Return To Service Between Aug 31 And Sept 5](https://boereport.com/2026/08/27/enbridge-says-line-5-in-wisconsin-to-return-to-service-between-aug-31-and-sept-5/): ENBRIDGE INC : * SAYS IT ESTIMATES RETURN TO SERVICE OF LINE 5 BETWEEN AUG. 31 AND SEPT. 5 AFTER A LINE STRIKE IN RURAL NORTHERN IRON COUNTY, WISCONSIN * SAYS ON TUESDAY, AUG. 25, A PARKED, UNOCCUPIED SEMI-TRUCK ROLLED INTO AN OPEN EXCAVATION SITE ON A LINE 5 VALVE PROJECT, STRIKING THE PIPE AND
- [Trump administration discusses taking stake in Venezuela oil, Axios reports](https://boereport.com/2026/08/27/trump-administration-discusses-taking-stake-in-venezuela-oil-axios-reports/): The Trump administration is in talks with Venezuela's interim government about taking an ownership stake in the South American country's oil resources, Axios reported on Thursday, citing two U.S. officials. A deal is still being worked out, but discussions are focused on more than a dozen productive oil fields owned by former Venezuelan insiders and
- [Saskatchewan fiscal update projects $825M deficit, cites health, agriculture costs](https://boereport.com/2026/08/27/saskatchewan-fiscal-update-projects-825m-deficit-cites-health-agriculture-costs/): SASKATOON - Inflated oil prices from war in the Middle East were not enough to pump Saskatchewan's budget out of a projected deficit, which stayed nearly static at $825.2-million. Original budget projections made in March for the 2026-27 fiscal year put the province in an $819.4-million deficit. In the provincial fiscal update Thursday, both Saskatchewan's
- [Middle East conflict, oil prices push Alberta’s finances back in the black](https://boereport.com/2026/08/27/middle-east-conflict-oil-prices-push-albertas-finances-back-in-the-black/): CALGARY - Alberta’s finances have swung back in the black after war in the Middle East sent global energy prices surging. The province’s latest fiscal update predicts a $2-billion surplus — a huge turnaround from the $9.4-billion deficit originally expected for the 2026 fiscal year. It's the latest reversal of fortune for the oil-rich province
- [US LNG feedgas demand hits highest level since April as plants return from maintenance](https://boereport.com/2026/08/27/us-lng-feedgas-demand-hits-highest-level-since-april-as-plants-return-from-maintenance/): Demand for U.S. natural gas from LNG export plants rose to the highest level since late April on Thursday as major Texas facilities returned to service from maintenance, according to preliminary data from LSEG. * Feedgas deliveries to U.S. LNG plants climbed to 18.5 billion cubic feet per day. * The increase was driven by
- [West Texas offers Canada a warning: Build energy infrastructure before the bottlenecks return](https://boereport.com/2026/08/26/west-texas-offers-canada-a-warning-build-energy-infrastructure-before-the-bottlenecks-return/): Diamondback Energy’s latest letter to shareholders should be required reading for Canadian policymakers. The Permian producer reported an average natural gas price of negative US$2.15 per Mcf in the second quarter, before hedging. During spring pipeline maintenance, prices at the Waha hub in West Texas fell to approximately negative US$10 per Mcf. In other words,
- [White House says no negotiations with Iran, all options on table](https://boereport.com/2026/08/27/white-house-says-no-negotiations-with-iran-all-options-on-table/): The United States and Iran are not currently in talks to end the war as Washington focuses on pressuring Tehran economically, but all options remain "on the table," White House press secretary Karoline Leavitt said in an interview with Fox News on Thursday. "What President Trump's number one goal has been and will always be
- [Asia's crude oil imports stay soft in August, challenging US Hormuz claims: Russell](https://boereport.com/2026/08/26/asias-crude-oil-imports-stay-soft-in-august-challenging-us-hormuz-claims-russell/): Asia's imports of crude oil in August are still well short of levels prior to the start of the Iran conflict, raising further questions as to just how much crude is actually leaving the Middle East. The top-importing continent is expected to see arrivals of 23.12 million barrels per day (bpd) in August, slightly down
- [OPEC+ loses oil market sway in Iran war as China gains influence](https://boereport.com/2026/08/27/opec-loses-oil-market-sway-in-iran-war-as-china-gains-influence/): Six months into the Iran war, the world's most powerful oil alliance, OPEC+, finds itself in an unfamiliar position: unable to influence a market it once helped shape. The war, which has shut a major export route for Middle Eastern oil and damaged energy infrastructure in several OPEC countries, has eroded the group's market share
- [Chinese state oil giant CNOOC sees potential for US-China energy cooperation](https://boereport.com/2026/08/27/chinese-state-oil-giant-cnooc-sees-potential-for-us-china-energy-cooperation/): Chinese state-owned oil and gas major CNOOC sees potential for energy cooperation between China and the United States, its CEO said on Thursday, adding that the company would consider investments alongside U.S. partners in the future. * China was a buyer of U.S. oil and gas until Beijing imposed tariffs on the products during last
- [After six months, the Iran war has reached its endgame - a costly stalemate](https://boereport.com/2026/08/27/after-six-months-the-iran-war-has-reached-its-endgame-a-costly-stalemate/): The Iran war has reached its endgame: a costly stalemate. Six months after U.S. and Israeli forces attacked Iran, killing its supreme leader and maiming his son and successor, the Iranian government is under economic siege, but it still holds power and believes it has time on its side. A threat by U.S. President Donald
- [Coelacanth Announces Q2 2026 Financial and Operating Results](https://boereport.com/2026/08/27/coelacanth-announces-q2-2026-financial-and-operating-results/): Calgary, Alberta--(Newsfile Corp. - August 27, 2026) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three and six months ended June 30, 2026. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Increased oil and natural gas production 531% to 7,632
- [Enbridge, KKR form joint venture to invest in Westcoast natural gas pipeline](https://boereport.com/2026/08/27/enbridge-kkr-form-joint-venture-to-invest-in-westcoast-natural-gas-pipeline/): Canadian energy company Enbridge said on Thursday it had agreed to form a joint venture with KKR and Apollo to invest about C$2.7 billion in expansions of its Westcoast natural gas pipeline system in British Columbia. KKR and Apollo are investing alongside Enbridge as demand for natural gas infrastructure in Western Canada and the U.S.
- [SECURE sets election deadline for the GFL transaction](https://boereport.com/2026/08/27/secure-sets-election-deadline-for-the-gfl-transaction/): Registered Shareholders who wish to make an election with respect to their preferred form of consideration to be received in connection with the Transaction must deliver their completed Letter of Transmittal and Election Form and other required documents to the Depository by Monday, August 31, 2026 at 5:00 p.m. (Calgary Time) Beneficial Shareholders who wish
- [Sempra begins permitting process for major LNG expansion in Texas](https://boereport.com/2026/08/26/sempra-begins-permitting-process-for-major-lng-expansion-in-texas/): Sempra Energy's unit Port Arthur LNG has started the federal permitting process for a major expansion of its liquefied natural gas export operations in Southeast Texas, according to a regulatory filing made on Wednesday. The proposed Port Arthur LNG North Project would add four liquefaction trains capable of producing up to 27 million metric tons
- [The president says the U.S. doesn't need anything from Canada. Exports say otherwise.](https://boereport.com/2026/08/26/the-president-says-the-u-s-doesnt-need-anything-from-canada-exports-say-otherwise/): OTTAWA - "WE DON'T NEED CANADA, THEY NEED US!" U.S. President Donald Trump's social media post this week was a continuation on a theme he's maintained throughout the trade war: that his country doesn't need anything from Canada. Experts — and exports — say that's not the case. Ontario Premier Doug Ford has urged the
- [US preparing to ease environmental reviews for Alaska oil and gas drilling](https://boereport.com/2026/08/26/us-preparing-to-ease-environmental-reviews-for-alaska-oil-and-gas-drilling/): The U.S. Interior Department is preparing to ease environmental review requirements for some oil and gas exploration activities in Alaska's National Petroleum Reserve as part of the Trump administration's push to speed energy development in the Arctic, an Interior spokesperson said on Wednesday. • The agency is working on a proposed "categorical exclusion" that would
- [Advantage Announces Wembley Disposition and Accelerated Return of Capital](https://boereport.com/2026/08/26/advantage-announces-wembley-disposition-and-accelerated-return-of-capital/): (TSX: AAV) CALGARY, AB, Aug. 26, 2026 /CNW/ -- Advantage Energy Ltd. ("Advantage" or the "Corporation") is pleased to announce that it has entered into a definitive agreement (the "Agreement") to sell its assets in the Wembley area (the "Wembley Assets") of Alberta for gross proceeds of $316 million in cash, prior to closing adjustments
- [Hemisphere Energy Responds to Incident at Atlee Buffalo Oil Battery](https://boereport.com/2026/08/26/hemisphere-energy-responds-to-incident-at-atlee-buffalo-oil-battery/): Vancouver, British Columbia--(Newsfile Corp. - August 26, 2026) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") reports that a fire incident occurred overnight at the Company's largest oil battery at its Atlee Buffalo property. Emergency protocols were activated immediately, and the fire has since been extinguished with all damage contained within the Company's
- [Ovintiv Announces Permian and Montney Inventory Additions](https://boereport.com/2026/08/26/ovintiv-announces-permian-and-montney-inventory-additions/): DENVER, Aug. 26, 2026 /CNW/ -- Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today provided an update on its 2026 ground game acquisition program. On a year-to-date basis, the Company has entered into over 60 transactions, which will result in the addition of approximately 41,000 net acres of land across its Montney and Permian assets for
- [Fact File: U.S. could inflict pain on Canada through energy trade](https://boereport.com/2026/08/26/fact-file-u-s-could-inflict-pain-on-canada-through-energy-trade/): CALGARY - A post this week from U.S. President Donald Trump on his Truth Social platform included an implied threat to energy products flowing into Canada from south of the border. Though Canada is by far an overall bigger supplier to its southern neighbour than the other way around, there are some regions of the
- [Enbridge to Extend Permian Export Value Chain with Acquisition of Salt Creek Midstream's Crude Gathering Business](https://boereport.com/2026/08/26/enbridge-to-extend-permian-export-value-chain-with-acquisition-of-salt-creek-midstreams-crude-gathering-business/): CALGARY, AB, Aug. 26, 2026 /CNW/ -- Enbridge Inc. (Enbridge) (TSX: ENB) (NYSE: ENB) announced today that, through a wholly-owned subsidiary, it has entered into a definitive agreement to acquire Salt Creek Midstream's crude oil gathering business, comprising 100% of the Orla and Wink North systems and a 50% interest in the Delaware Crossing (DCX)
- [N.B. to review ban on fracking amid U.S. tariffs, premier says](https://boereport.com/2026/08/26/n-b-to-review-ban-on-fracking-amid-u-s-tariffs-premier-says/): FREDERICTON - New Brunswick Premier Susan Holt says her government is launching a review of the province's long-standing ban on hydraulic fracturing. The Liberal premier says the review of the 2014 ban on fracking is part of her government's work to explore ways it can strengthen the provincial economy. Officials say the Liberal provincial government
- [Federal Industry Minister Joly tight-lipped on leveraging Alberta energy with U.S.](https://boereport.com/2026/08/26/federal-industry-minister-joly-tight-lipped-on-leveraging-alberta-energy-with-u-s/): CALGARY - Canada's industry minister is deflecting questions about whether the country will use Alberta's abundant energy exports as leverage in the tense trade war with the United States. Mélanie Joly, pressed by reporters in Calgary over whether oil and gas shipments may be on the table, isn't tipping Ottawa's hand. Joly says the federal
- [AB Focused Sweet Light Oil Opportunity Looking for Sale or Farmouts](https://boereport.com/2026/08/25/ab-focused-sweet-light-oil-opportunity-looking-for-sale-or-farmouts/): Stacked Plays: Banff, Detrital, Crinoidal Banff and Basal Quartz Single and Multi-lateral Development Potential Near Drumheller/Delia, Alberta Paragon Energy Ltd. is a private start-up with an experienced team and a prospective, contiguous 6-Section of oil & gas rights in the oil-bearing Banff/Detrital/BQ intervals in Alberta. Paragon operates and has recently started producing 33 API Sweet
- [US crude stocks rise, gasoline and distillate inventories fall - EIA](https://boereport.com/2026/08/26/us-crude-stocks-rise-gasoline-and-distillate-inventories-fall-eia-5/): U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 95,000 barrels to 428.9 million barrels in the week ended August 21, the EIA said, compared with analysts' expectations in a Reuters poll for a 597,000-barrel rise. Crude stocks at the Cushing,
- [World braces as Trump's Canada tariff stand-off escalates: McGeever](https://boereport.com/2026/08/25/world-braces-as-trumps-canada-tariff-stand-off-escalates-mcgeever/): The resurgent trade spat between U.S. President Donald Trump and Canadian Prime Minister Mark Carney comes at a delicate juncture for both North American countries - and the global economy. Missteps between the neighboring G7 nations could have wide-ranging economic impacts. The Trump administration imposed 50% tariffs on an array of ‌Canadian goods on Saturday
- [Oil prices slide 2% on Iran-Oman talks to reopen Strait of Hormuz](https://boereport.com/2026/08/25/oil-prices-slide-2-on-iran-oman-talks-to-reopen-strait-of-hormuz/): Oil prices dropped about 2% on Wednesday, adding to the previous session's losses, on fresh hopes the Strait of Hormuz could reopen after Iran said it had resumed talks with neighbour Oman on managing the strategic waterway. Brent crude futures fell $1.78, or 2.0%, to $86.80 a barrel by 0027 GMT, while U.S. West Texas
- [Some oil companies to avoid ships on Iran blacklist, sources say](https://boereport.com/2026/08/25/some-oil-companies-to-avoid-ships-on-iran-blacklist-sources-say/): At least three Indian oil refiners and a global energy major plan to stop using vessels on Iran's new blacklist, including for ship-to-ship transfers, due to security concerns, four sources with direct knowledge of the matter said this week. Tehran announced on Sunday a blacklist of 45 ships it said had broken its rules for
- [Gulf ship traffic via Strait of Hormuz hovers below 10-day average, data shows](https://boereport.com/2026/08/25/gulf-ship-traffic-via-strait-of-hormuz-hovers-below-10-day-average-data-shows/): Five commodity vessels transited the Strait of Hormuz on Tuesday, little changed from a day earlier but well below the 10-day average of 15, preliminary shipping data showed on Wednesday. Two tankers carrying liquefied petroleum gas and one tanker carrying bitumen exited the Gulf via the strait, while two empty product tankers entered the waterway
- [Enbridge to buy Salt Creek Midstream crude gathering assets for $600 million](https://boereport.com/2026/08/26/enbridge-to-buy-salt-creek-midstream-crude-gathering-assets-for-600-million/): Pipeline operator Enbridge said on Wednesday it would acquire Salt Creek Midstream's crude oil gathering business for $600 million in cash, expanding its presence in the crude-rich Permian Basin. The Permian Basin, the largest oil-producing region in the United States, continues to attract investment in gathering systems and pipeline networks as companies work to transport
- [As war strands Qatari gas for 6 months, US sales rise and European stocks plummet](https://boereport.com/2026/08/25/as-war-strands-qatari-gas-for-6-months-us-sales-rise-and-european-stocks-plummet/): Six months into the U.S.-Iran war, Qatar is among the conflict's biggest economic casualties, with its liquefied natural gas exports slashed by 96%, data shows. Saudi Arabia, the UAE, Iraq and Kuwait have seen their oil exports hit, but by nowhere near as much. Qatar has lost $24 billion in gas sales, which is about
- [Iran war sinks into energy trench warfare six months on: Bousso](https://boereport.com/2026/08/26/iran-war-sinks-into-energy-trench-warfare-six-months-on-bousso/): Six months into the U.S.-Iran war, the conflict is hardening into a stalemate that could last well into 2027, with energy markets held hostage, inflation elevated and neither side willing – or able – to back down. The war, which has killed thousands and inflicted extensive damage across the Middle East, has undergone a profound
- [Japan to diversify crude supplies, back pipelines that bypass Hormuz](https://boereport.com/2026/08/26/japan-to-diversify-crude-supplies-back-pipelines-that-bypass-hormuz/): Japan unveiled a comprehensive plan on Wednesday to strengthen the resilience of its energy supply, including support for pipeline projects that bypass the Strait of Hormuz, the gateway to almost all of its imported crude before the Iran war. The plan was outlined at a meeting of the government's Green Transformation (GX) Implementation Council and
- [Iran and Oman discuss temporary Hormuz corridor as impasse with US drags on](https://boereport.com/2026/08/25/iran-and-oman-discuss-temporary-hormuz-corridor-as-impasse-with-us-drags-on/): Iran said it had restarted talks with neighbor Oman to manage the Strait of Hormuz as it faces heightened economic pressure from U.S. President Donald Trump in the wider conflict. Iran and Oman have been in on-and-off talks for weeks about controlling traffic through the strategic waterway, which handled one-fifth of global oil and liquefied
- [ARC Resources Ltd. announces receipt of Investment Canada Act approval](https://boereport.com/2026/08/25/arc-resources-ltd-announces-receipt-of-investment-canada-act-approval/): CALGARY, AB, Aug. 25, 2026 /CNW/ -- (TSX: ARX) ARC Resources Ltd. ("ARC") announces today that the Government of Canada has approved the previously announced plan of arrangement (the "Arrangement") involving ARC, Shell plc ("Shell") and Shell Canada Limited, in accordance with the terms of the Investment Canada Act. As previously announced on July 14, 2026,
- [U.S. Secret Service aware of Iranian video threat against Barron Trump ](https://boereport.com/2026/08/25/u-s-secret-service-aware-of-iranian-video-threat-against-barron-trump/): The U.S. Secret Service is aware of a video broadcast by Iranian state television discussing a potential plot to assassinate U.S. President Donald Trump's youngest son, a spokesperson said on Tuesday. "The U.S. Secret Service is aware of the video and investigates anything that can be perceived as a threat toward our protectees. Out of
- [IMF's Georgieva says global economy weathering energy shock, sees fiscal concerns](https://boereport.com/2026/08/25/imfs-georgieva-says-global-economy-weathering-energy-shock-sees-fiscal-concerns/): The global economy has weathered the Iran war energy shock better than feared, International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday, but she raised concerns about deteriorating fiscal conditions in some countries shown by rising bond yields and a stalled disinflation process. Georgieva told reporters in a briefing ahead of next week's Group
- [Gunvor in talks to buy Haynesville shale assets for over $1 billion, sources say](https://boereport.com/2026/08/25/gunvor-in-talks-to-buy-haynesville-shale-assets-for-over-1-billion-sources-say/): Commodities trader Gunvor is in talks to buy U.S. natural gas-producing assets from private energy firm Silver Hill Energy Partners, expanding efforts to build an integrated shale gas production and marketing business, four sources told Reuters on Tuesday. If successful, the Silver Hill acquisition would be the latest in a string of U.S. natural gas-focused
- [Oman, Iran propose temporary shipping lane through Strait of Hormuz - statement](https://boereport.com/2026/08/25/oman-iran-propose-temporary-shipping-lane-through-strait-of-hormuz-statement/): Oman and Iran have agreed on a proposed framework to resume safe navigation through the Strait of Hormuz that includes establishing a joint temporary shipping lane and a project to demine the waterway, they said in a joint statement on Tuesday. Oman's foreign minister arrived in Iran earlier on Tuesday for talks with his Iranian
- [SLB gains access to Venezuela's coveted oilfield data through contract, sources say](https://boereport.com/2026/08/25/slb-gains-access-to-venezuelas-coveted-oilfield-data-through-contract-sources-say/): A contract that SLB and Venezuela's state-run PDVSA signed last week has granted the U.S. oil services and technology company access to oilfield data from the country with the world's largest crude reserves, three sources close to the negotiations said. The deal will allow SLB to organize and upgrade PDVSA's vast but outdated databases following
- [New oil and gas jobs from BOE Report Jobs](https://boereport.com/2026/08/25/new-oil-and-gas-jobs-from-boe-report-jobs-497/): Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title
- [US refiners face historic stress test as global crisis looms: Bousso](https://boereport.com/2026/08/24/us-refiners-face-historic-stress-test-as-global-crisis-looms-bousso/): U.S. refineries have operated near maximum capacity for the longest sustained period in over a quarter century,scrambling to capture windfall profits created by the Iran war. But history offers a cautionary tale: “Super refining” runs that push plants too hard can cause major failures. This has global implications. U.S. refineries’ ability to sustain today’s elevated
- [Japan plans no crude oil release from national reserve in September, October](https://boereport.com/2026/08/24/japan-plans-no-crude-oil-release-from-national-reserve-in-september-october/): Japan plans no additional releases of crude oil from its national reserves in September or October, Economy, Trade and Industry Minister Ryosei Akazawa said on Tuesday. Crude oil procurement in September is expected to fall to about 80% of last year's average monthly volume from 100% in August, as tankers that would normally transit the
- [Iran vows to retaliate after US widens sanctions](https://boereport.com/2026/08/24/iran-vows-to-retaliate-after-us-widens-sanctions/): Iran promised to retaliate against expanded U.S. sanctions that the Americans said would cut Iran's economic lifeline, with Tehran expressing confidence that major trading partners would resist Washington's pressure campaign. U.S. Treasury Secretary Scott Bessent unveiled the measures on Monday but stopped short of the most punishing sanctions, saying countries that continued trading with Iran
- [Six months into Iran war, almost half of global oil flows from war zones](https://boereport.com/2026/08/24/six-months-into-iran-war-almost-half-of-global-oil-flows-from-war-zones/): Almost half the world's oil comes from countries affected by conflict in 2026, Reuters calculations show, underscoring that current disruptions have eclipsed previous energy crises. Six months ago, U.S. and Israeli attacks on Iran triggered what has become the largest oil supply crisis on record, with no clear end in sight. At the same time,
- [Commodity vessel transits through Strait of Hormuz hit three-month low，data shows](https://boereport.com/2026/08/24/commodity-vessel-transits-through-strait-of-hormuz-hit-three-month-low，data-shows/): Just two commodity vessels transited the key energy chokepoint of the Strait of Hormuz on Monday, for the lowest daily tally since early May, with both entering the Gulf, shipping data showed. The figure was also well below the 10-day average of 14, with just one very large gas carrier and one very large crude
- [China says its cooperation with Iran should not be disrupted ](https://boereport.com/2026/08/25/china-says-its-cooperation-with-iran-should-not-be-disrupted/): China's cooperation with Iran is conducted within the framework of international law and should not be interfered with or disrupted, a foreign ministry spokesperson said on Tuesday when asked about new U.S. sanctions related to Iran. China is closely monitoring the developments and will take all necessary measures to firmly safeguard its own rights and
- [Iran war makes multibillion-dollar Tanzania LNG more attractive, Equinor says](https://boereport.com/2026/08/25/iran-war-makes-multibillion-dollar-tanzania-lng-more-attractive-equinor-says/): The disruption to energy flows in the Strait of Hormuz is making it more attractive for Equinor to develop a long-stalled liquefied natural gas export plant in Tanzania, the Norwegian company said on Tuesday. The U.S.-Israeli war with Iran is reshaping the global energy industry, stripping Qatar and other Gulf producers of their reputation as
- [Bessent's D-Day sanctions are more Anzio, but Iran response is key: Russell](https://boereport.com/2026/08/25/bessents-d-day-sanctions-are-more-anzio-but-iran-response-is-key-russell/): U.S. Treasury Secretary Scott Bessent invoked the famous D-Day landing of Allied troops in France in 1944 when announcing new sanctions against Iran. But the measures are better compared to another World War Two amphibious landing, the considerably less successful Anzio beachhead in Italy. The Anzio battle was marked by the initial success of Allied
- [Canada-U.S. trade tensions continue to escalate as Trump team defends tariffs](https://boereport.com/2026/08/24/canada-u-s-trade-tensions-continue-to-escalate-as-trump-team-defends-tariffs/): WASHINGTON - Members of the Trump administration on Monday fanned across cable news stations and in front of crowds of loyal supporters to make the case for Donald Trump's latest tariffs on Canada as the president himself moved to escalate the trade war. Trump posted on social media that he intends to double tariffs on
- [Tuktu Resources Ltd. Announces Second Quarter 2026 Results](https://boereport.com/2026/08/24/tuktu-resources-ltd-announces-second-quarter-2026-results/): Calgary, Alberta--(Newsfile Corp. - August 24, 2026) - Tuktu Resources Ltd. (TSXV: TUK) ("Tuktu" or the "Company") is pleased to announce its financial and operating results for the three and six months ended June 30, 2026. Selected financial and operating information should be read in conjunction with Tuktu's unaudited interim condensed financial statements and related management's
- [CP NewsAlert: Trump takes aim at Canadian energy flowing through U.S. in latest post](https://boereport.com/2026/08/24/cp-newsalert-trump-takes-aim-at-canadian-energy-flowing-through-u-s-in-latest-post/): WASHINGTON - U.S. President Donald Trump is taking aim at Canadian energy flowing through the United States in another escalation of his trade war with Canada. In a post on his Truth Social account Trump warns of "consequences" if Canadian officials didn't "fall in line." The post specifically calls out Ontario Premier Doug Ford, who
- [Oil stocks in US Strategic Petroleum Reserve fall by 3.7 million barrels to lowest level since 1982 ](https://boereport.com/2026/08/24/oil-stocks-in-us-strategic-petroleum-reserve-fall-by-3-7-million-barrels-to-lowest-level-since-1982/): Stocks of crude oil in the U.S. Strategic Petroleum Reserve fell by about 3.7 million barrels to 289.7 million barrels last week, the lowest level since November 1982, according to data from the Department of Energy. The drawdowns are part of a U.S. agreement to release 172 million barrels from the facility. (Reporting by Noel
- [What are Iran's options to escalate further in face of US economic threats?](https://boereport.com/2026/08/24/what-are-irans-options-to-escalate-further-in-face-of-us-economic-threats/): LONDON, Aug 24 - U.S. threats to impose "the toughest sanctions in history" to force Iran to buckle to its demands after nearly six months of war have raised the prospect of a new round of escalation in the Gulf. How could Iran respond to the economic pressure? CAN IRAN STOP MORE OIL GETTING OUT
- [US Treasury to broaden scope of secondary sanctions on Iran, source says](https://boereport.com/2026/08/24/us-treasury-to-broaden-scope-of-secondary-sanctions-on-iran-source-says/): The U.S. Treasury is expected on Monday to broaden the scope of secondary sanctions it can impose on entities and countries that maintain business ties with Iran as the Trump administration seeks to increase economic pressure on Tehran, a source familiar with the plans told Reuters. The action is aimed at giving a final warning
- [Oil set for second weekly rise as unsettled US-Iran war crimps supply](https://boereport.com/2026/08/20/oil-set-for-second-weekly-rise-as-unsettled-us-iran-war-crimps-supply/): Oil prices fell slightly on Friday, but were on track for a second weekly rise as the stalemated U.S.-Iran war continues to disrupt supply from the key Middle East producing region. Brent crude futures fell 23 cents, or 0.3%, to $93.55 a barrel by 0142 GMT, after climbing 2.4% in the previous session. U.S. West
- [Oil falls ahead of US announcement on new Iran sanctions](https://boereport.com/2026/08/23/oil-falls-ahead-of-us-announcement-on-new-iran-sanctions/): Oil prices slipped more than $1 a barrel on Monday as investors took profits ahead of an expected announcement from Washington about imposing more sanctions on Iran that may further disrupt supplies from the Middle East. Brent crude futures fell $1.22, or 1.29%, to $93.17 by 0035 GMT, while U.S. West Texas Intermediate crude was
- [Fewer than 20 ships transit key Strait of Hormuz over weekend, data shows](https://boereport.com/2026/08/23/fewer-than-20-ships-transit-key-strait-of-hormuz-over-weekend-data-shows/): Fewer than 20 commodity vessels transited the Strait of Hormuz at the weekend, shipping data showed on Monday, as Iranian and U.S. blockades restrict traffic through the chokepoint for energy shipments. Four vessels crossed the strait on Sunday, initial data from shiptracker Kpler showed by 0228 GMT, with 13 on Saturday. The figures could change
- [Exxon, Lyondell among suitors for Shell's US chemical assets, could fetch $8 billion, FT reports](https://boereport.com/2026/08/23/exxon-lyondell-among-suitors-for-shells-us-chemical-assets-could-fetch-8-billion-ft-reports/): Oil major Shell has drawn interest from potential bidders, including ExxonMobil and LyondellBasell, for its U.S. chemical assets that could fetch up to $8 billion, the Financial Times reported on Monday. Private equity firm Apollo Global Management and the chemicals arm of state-owned Kuwait Petroleum Corporation have also expressed interest in the assets, the report
- [Iran warns vessels violating Hormuz transit rules of fines, detention](https://boereport.com/2026/08/24/iran-warns-vessels-violating-hormuz-transit-rules-of-fines-detention/): Iran has issued a warning that vessels violating its arrangements for transiting the Strait of Hormuz could face restrictions, including fines, detention, or confiscation, the Persian Gulf Strait Authority wrote in a post on X. The warning heightens risks for the charterers and shipowners whose vessels transit through the Strait of Hormuz, a key waterway
- [UKMTO says tanker struck by unknown projectile off Saudi Arabia's Yanbu](https://boereport.com/2026/08/24/ukmto-says-tanker-struck-by-unknown-projectile-off-saudi-arabias-yanbu/): A tanker was struck by an unknown projectile 63 nautical miles west of Saudi Arabia's port city of Yanbu, leading to a fire on the vessel's main deck, the United Kingdom ​Maritime Trade Operations said on Monday. The UKMTO said all crew were safe and accounted for with no reported environmental impact. Yanbu is Saudi
- [Looming US sanctions on Iran put China oil buying in spotlight](https://boereport.com/2026/08/24/looming-us-sanctions-on-iran-put-china-oil-buying-in-spotlight/): China has for several years been the biggest buyer of Iranian oil, putting its purchases in the spotlight as the U.S. threatens heavy economic sanctions on Tehran. Treasury Secretary Scott Bessent was scheduled to hold a press conference at 1 p.m. EDT (1700 GMT) on Monday. Following are key details on China's oil trade with
- [Questerre wins first bid round for Nova Scotia exploration rights](https://boereport.com/2026/08/23/questerre-wins-first-bid-round-for-nova-scotia-exploration-rights/): CALGARY, Alberta, Aug. 24, 2026 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX, OSE: QEC) reported today that it has been selected as the successful bidder in the first bid round under the province of Nova Scotia’s Subsurface Energy Research and Development Investment Program. Questerre is in the final stages of negotiating
- [Exxon turns to automated drilling in the Permian in push for higher oil output](https://boereport.com/2026/08/24/exxon-turns-to-automated-drilling-in-the-permian-in-push-for-higher-oil-output/): In rural west Texas where oil rigs and pump jacks dot the sparse flat landscape, an ExxonMobil contractor sits in a small office on a drilling rig, using controls on a screen to operate robotic machinery and move tall steel pipes weighing roughly 2,000 pounds. This work would usually require human overseers standing on the
- [Morgan Stanley raises Brent forecasts on slow Mid-East recovery](https://boereport.com/2026/08/24/morgan-stanley-raises-brent-forecasts-on-slow-mid-east-recovery/): Morgan Stanley has raised its Brent crude price forecasts for the coming quarters, saying Middle East supply is recovering more slowly than expected, leaving the oil market in deficit throughout the fourth quarter of 2026 and first quarter of 2027. * "Crude is tightening. Recent weeks have seen one of the sharpest declines in oil-on-water,
- [IEA's Birol: not discussing a second release of strategic oil reserves](https://boereport.com/2026/08/24/ieas-birol-not-discussing-a-second-release-of-strategic-oil-reserves/): The International Energy Agency is not discussing a second release of strategic oil reserves at this time, IEA chief Fatih Birol told Reuters on Monday. "Not for the time being," Birol said on the sidelines of an energy conference in Norway when asked whether the agency was discussing a second release of strategic reserves. The
- [The Hormuz crude volume debate masks the real shortage of refined fuels: Russell](https://boereport.com/2026/08/24/the-hormuz-crude-volume-debate-masks-the-real-shortage-of-refined-fuels-russell/): The crude oil market is currently engaged in the wrong debate over how much oil is actually moving via the Strait of Hormuz. It should be debating the constrained flows of refined products around Asia. U.S. Energy Secretary Chris Wright has repeatedly claimed that much more crude is getting through the disputed strait than vessel-tracking
- [International Petroleum Corporation Announces Results of Normal Course Issuer Bid](https://boereport.com/2026/08/24/international-petroleum-corporation-announces-results-of-normal-course-issuer-bid-90/): TORONTO, Aug. 24, 2026 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 225,000 IPC common shares (ISIN: CA46016U1084) during the period of August 17 to 21, 2026 under IPC’s previously announced normal course issuer bid / share repurchase program
- [US vows 'economic D-Day' as Iran threatens to halt all oil exports](https://boereport.com/2026/08/23/us-vows-economic-d-day-as-iran-threatens-to-halt-all-oil-exports/): The U.S. threatened Iran with what it called "the greatest financial offensive ever marshalled" as it prepared to roll out economic sanctions on Monday that target Iran's trade partners. Iran in turn vowed to shut down all oil exports from the Gulf "if the economic war continues." U.S. Treasury Secretary Scott Bessent will hold a
- [Iran says it discovered over 7.5 trillion cubic feet of gas](https://boereport.com/2026/08/23/iran-says-it-discovered-over-7-5-trillion-cubic-feet-of-gas/): Iran has discovered over 7.5 trillion cubic feet (212.4 billion cubic metres) of gas in a field in the south of its Fars Province, according to Oil Minister Mohsen Paknejad quoted by state media on Sunday. * Given an estimated recovery ratio, Paknejad said it was possible to extract about 5,700 billion cubic feet of
- [Iran says new sanctions threatened by 'desperate' US will fail](https://boereport.com/2026/08/23/iran-says-new-sanctions-threatened-by-desperate-us-will-fail/): Iran's foreign minister dismissed the threat of new U.S. sanctions as a sign of desperation on Sunday and said the expected new measures would fail to defeat Tehran. U.S. Treasury Secretary Scott Bessent, who is due to hold a press conference at 2 p.m. EDT (1800 GMT) on Monday, has threatened to impose "the toughest
- [US, Iran keep up hostile rhetoric ahead of new sanctions](https://boereport.com/2026/08/22/us-iran-keep-up-hostile-rhetoric-ahead-of-new-sanctions/): The United States and Iran exchanged defiant messages ahead of Monday's scheduled announcement of new U.S. economic sanctions that could impact the Islamic Republic and Tehran's most important trading partners including China. As the war neared six months old, the two sides were not exchanging fire but also not pursuing peace talks. All the while,
- [Iran grants permission for a number of Iraqi oil tankers to pass through Hormuz](https://boereport.com/2026/08/22/iran-grants-permission-for-a-number-of-iraqi-oil-tankers-to-pass-through-hormuz/): Iran has granted permission for a number of Iraqi oil tankers to pass through the Strait of Hormuz following repeated requests from Baghdad through various channels, Iran’s state news agency IRNA reported on Saturday. IRNA said obtaining special permission for Iraqi tankers was one of Baghdad’s main requests during Iranian parliament speaker Mohammad Baqer Qalibaf’s
- [Trump says Iran not ready to make the 'right deal'](https://boereport.com/2026/08/21/trump-says-iran-not-ready-to-make-the-right-deal/): U.S. President Donald Trump said on Friday he did not think that Iran was ready make the "right deal," and that Washington was observing "what happens" in the conflict. "It just means that we're seeing what happens," Trump told reporters when asked if U.S. military options with Iran were limited. "We have total control of
- [US energy firms cut rigs for first time in four weeks, says Baker Hughes](https://boereport.com/2026/08/21/us-energy-firms-cut-rigs-for-first-time-in-four-weeks-says-baker-hughes/): U.S. energy firms this week cut the number of rigs operating for the first time in four weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The total oil and gas rig count, an early indicator of future output, fell by five to 588 in the week to August 21.
- [Studies show year-round shipping potential from Port of Churchill](https://boereport.com/2026/08/21/studies-show-year-round-shipping-potential-from-port-of-churchill/): WINNIPEG - Manitoba's premier says studies showing year-round shipping potential from the Port of Churchill boost the case for expanding the Arctic deepsea port. Wab Kinew says the studies address a key concern from shippers and will help attract investment. The studies suggest that advances in marine technology and declining sea ice due to climate
- [Why is Trump talking about the Keystone XL oil pipeline?](https://boereport.com/2026/08/21/why-is-trump-talking-about-the-keystone-xl-oil-pipeline/): A social media post by U.S. President Donald Trump declaring that the Keystone XL oil pipeline "may be awoken from the grave" attracted attention this week in the midst of U.S.-Canada trade talks. Below is a look at the history of that project running through parts of Canada and the U.S., as well as details
- [Surface Solutions Inc.(SSi) adds VentMEDIC dMRV systems to its Western Canada fleet, opening state-of-the-art methane measurement to any operator.](https://boereport.com/2026/08/25/surface-solutions-inc-ssi-adds-ventmedic-dmrv-systems-to-its-western-canada-fleet-opening-state-of-the-art-methane-measurement-to-any-operator/): For decades, the standard way to check methane emissions at a wellhead in Western Canada has been the same: a technician on-site with a bubble kit or a handheld gas detector, flagging whether gas is escaping. Simple, cheap, and as regulators, investors, and carbon-market participants have increasingly pointed out, nowhere near good enough for what
- [Ships passing through Hormuz hover in single digits, data shows](https://boereport.com/2026/08/20/ships-passing-through-hormuz-hover-in-single-digits-data-shows/): Seven commodity ships sailed along the Strait of Hormuz on Thursday, just half the previous day's tally, showed data from shiptracker Kpler, amid concern over risk to Middle East shipping as U.S.-Iran peace talks remain in limbo. Of the total, four ships entered and three exited the waterway, which was used by nearly a fifth
- [The Iran war energy crisis is just getting started: Bousso](https://boereport.com/2026/08/20/the-iran-war-energy-crisis-is-just-getting-started-bousso/): The Iran war has pushed the global oil refining industry to the brink, signalling that diesel and gasoline prices may remain elevated for years. Deal or no deal, the global energy inflation shock is far from over. While oil markets adapted remarkably well to the abrupt loss of a fifth of global crude supplies from
- [InPlay Oil Corp. Announces Closing of Highly Accretive Acquisition](https://boereport.com/2026/08/21/inplay-oil-corp-announces-closing-of-highly-accretive-acquisition/): CALGARY, AB, Aug. 21, 2026 /CNW/ -- InPlay Oil Corp. (TSX: IPO) (TASE: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to announce the closing of its previously announced acquisition of a private oil and gas producer for cash consideration of $54.25 million, prior to closing adjustments (the "Acquisition"). Further details regarding the
- [First gas from Australia's Beetaloo puts shale ambition to the test](https://boereport.com/2026/08/20/first-gas-from-australias-beetaloo-puts-shale-ambition-to-the-test/): Deep in Australia's Red Centre, gas is set to start flowing next month from the sprawling Beetaloo basin to Darwin 500 km (310 miles) north, in what developers hope kicks off the country's own U.S.-style shale revolution. The prospects for the Beetaloo are vast. Geoscience Australia data shows it holds 7 trillion cubic feet of
- [Iranian oil offers to Chinese buyers fall as US blockade bites, sources say](https://boereport.com/2026/08/21/iranian-oil-offers-to-chinese-buyers-fall-as-us-blockade-bites-sources-say/): Offers of Iranian crude to Chinese buyers have declined and prices have jumped this week as the U.S. blockade has cut Tehran's shipments, according to trade sources, with the threat of more sanctions from Washington looming. The U.S. re-imposed its blockade of Iran's shipping and ports on July 13 as a deal to halt the
- [Tankers stack up as Venezuela sells oil faster than its ports can handle](https://boereport.com/2026/08/21/tankers-stack-up-as-venezuela-sells-oil-faster-than-its-ports-can-handle/): Venezuela's dilapidated oil port terminals are imposing a de facto export cap on the country's resurgent crude production, with tankers having to wait up to 30 days to load because of ageing infrastructure, power outages and quality issues, according to shipping data, sources and documents. The delays are putting roadblocks on a U.S. plan to
- [Fiddlehead Resources Corp. announces Q2 2026 financial results](https://boereport.com/2026/08/20/fiddlehead-resources-corp-announces-q2-2026-financial-results/): CALGARY, AB, Aug. 20, 2026 /CNW/ -- Fiddlehead Resources Corp. ("Fiddlehead," or the "Company") (TSXV: FHR), is pleased to announce the filing of its unaudited financial and operating results for the three and six months ended June 30, 2026. Selected financial and operating information should be read in conjunction with Fiddlehead's unaudited interim financial statements
- [TSX edges lower as oil prices creep higher, U.S. stocks also negative](https://boereport.com/2026/08/20/tsx-edges-lower-as-oil-prices-creep-higher-u-s-stocks-also-negative/): TORONTO - Canada’s main stock index edged lower Thursday while U.S. markets also lost ground as geopolitical concerns sent oil prices higher. Uncertainty continues over the U.S. war with Iran and when oil tankers will once again be able to freely exit the Persian Gulf. U.S. President Donald Trump threatened Iran with “the MOST CRUSHING
- [US firm Powerus wins $22.3 million contract to protect Middle East energy infrastructure from drones](https://boereport.com/2026/08/20/us-firm-powerus-wins-22-3-million-contract-to-protect-middle-east-energy-infrastructure-from-drones/): U.S. drone and radar maker Powerus said on Thursday it had signed a commercial contract worth approximately $22.3 million to supply counter-drone technology aimed at protecting oil and gas infrastructure in the Middle East. The system would detect, track and classify drone threats, feeding information to a central control hub at the customer's site to
- [Treeline Well Services Expands into Australia with 10-Year Contract to Supply Origin Energy's APLNG Project](https://boereport.com/2026/08/19/treeline-well-services-announces-long-term-contract-launching-its-australian-expansion/): FOR IMMEDIATE RELEASE Five high-spec service rigs to be designed and built in Queensland, backing local manufacturing, jobs, and a long-term Australian presence CALGARY, Alberta — August 19, 2026 — Treeline Well Services is proud to announce its expansion into Australia, anchored by a 10-year contract to deliver five high-spec service rig packages for Origin
- [Bessent says US will impose toughest ever sanctions on Iran, urges China to cooperate](https://boereport.com/2026/08/20/bessent-says-us-will-impose-toughest-ever-sanctions-on-iran-urges-china-to-cooperate/): The United States will impose "the toughest sanctions in history" on Iran, U.S. Treasury Secretary Scott Bessent said on Thursday as he urged Beijing to cooperate with Washington. Bessent said he would hold a press conference on Monday to discuss details. "It is a one-two punch. We have the blockade (on Iran), and we are
- [North Dakota oilfield activity expected to rise in second half of year, regulator says](https://boereport.com/2026/08/20/north-dakota-oilfield-activity-expected-to-rise-in-second-half-of-year-regulator-says/): Oilfield activity in North Dakota is set to rise in the second half of the year as operators add rigs and speed up completions to collect high oil prices, the state Department of Mineral Resources said on Thursday. An impasse in the Iran war and disruptions to Middle Eastern supply have kept oil prices elevated,
- [Trump threatens to isolate Iran. Who are its trading partners?](https://boereport.com/2026/08/20/trump-threatens-to-isolate-iran-who-are-its-trading-partners/): A threat by U.S. President Donald Trump to impose unprecedented economic warfare and isolation on Iran could have implications for countries that trade with it. Trump warned of economic consequences for any country that supports Iran. Here are some of Iran's main trading partners in recent years: CHINA China, the biggest buyer of Iranian oil,
- [Iran condemns new U.S. sanctions, calls them 'economic terrorism'](https://boereport.com/2026/08/20/iran-condemns-new-u-s-sanctions-calls-them-economic-terrorism/): Iran's foreign ministry condemned newly announced U.S. economic and trade sanctions on Thursday, saying they targeted ordinary Iranians and amounted to "economic terrorism" and crimes against humanity. U.S. President Donald Trump warned on Wednesday of sweeping economic consequences for any country that provided what he called "any type of lifeline to Iran", threatening economic warfare
- [A blown call - global oil and gas production industry is indeed fully up to meeting future demand growth](https://boereport.com/2026/08/19/a-blown-call-global-oil-and-gas-production-industry-is-indeed-fully-up-to-meeting-future-demand-growth/): Predicting what will or will not happen in the future is generally not the wisest thing to do, because random events and developments create eternal chaos, but we all fall off the wagon sometimes. Doing so requires, at some point, being ready to eat your words when reality fails to heed my advice and does
- [N.S. premier says U.S. trade dispute a 'wake-up call' for economic diversification](https://boereport.com/2026/08/20/n-s-premier-says-u-s-trade-dispute-a-wake-up-call-for-economic-diversification/): BANFF - Nova Scotia Premier Tim Houston says Canada’s trade dispute with the U.S. has been a wake-up call to diversify the province’s economy. Houston was responding late Wednesday to a potential Canada-U.S. trade deal from Banff, Alta., where he’s promoting energy projects at an industry conference. He said the dispute has taught the province
- [Saudi June crude exports climb from record May low, data shows](https://boereport.com/2026/08/20/saudi-june-crude-exports-climb-from-record-may-low-data-shows/): Crude oil exports from Saudi Arabia rose to 3.993 million barrels per day in June, from a record low of 3.434 million bpd in May, data from the Joint Organizations Data Initiative (JODI) showed on Thursday. The country's crude oil production increased to 7.122 million bpd in June from 6.560 million bpd in May. The
- [ROK Resources Files Financial Results and Management Discussion & Analysis for Second Quarter of 2026](https://boereport.com/2026/08/20/rok-resources-files-financial-results-and-management-discussion-analysis-for-second-quarter-of-2026/): NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES REGINA, SK / ACCESS Newswire / August 20, 2026 / ROK Resources Inc. ("ROK" or the "Company") (TSXV:ROK)(OTCQB:ROKRF) announces that the Company has filed its Financial Results and Management Discussion & Analysis ("MD&A") for the three and six month periods ended
- [Hormuz shipping unchanged amid US-Iran stalemate, data shows](https://boereport.com/2026/08/19/hormuz-shipping-unchanged-amid-us-iran-stalemate-data-shows/): Shipping traffic through the Strait of Hormuz on Wednesday was unchanged from the day before as discussions to end the war between the United States and Iran remained deadlocked, according to the latest shipping data. Commodity vessel transits at Hormuz totalled nine on Wednesday, unchanged from Tuesday, shiptracking data from Kpler showed. Transits remained low
- [China boosts imports of Russian crude, stymieing India's refiners: Russell](https://boereport.com/2026/08/19/china-boosts-imports-of-russian-crude-stymieing-indias-refiners-russell/): One of the balancing acts that has prevented crude oil prices from spiking higher during the Iran war has been India buying record volumes of Russian crude. But it's getting more challenging for the world's third-biggest crude importer as top-ranked China resumes buying more from Russia amid the ongoing supply disruptions sparked by the conflict.
- [Oil gains on Middle East supply concerns amid impasse in US-Iran war](https://boereport.com/2026/08/20/oil-gains-on-middle-east-supply-concerns-amid-impasse-in-us-iran-war/): Oil prices climbed on Thursday on concerns the impasse in the U.S.-Israeli war against Iran will continue to disrupt supply from the key Middle Eastern producing region and tighten global supplies. Brent crude futures for October delivery rose 26 cents, or 0.28%, to $91.87 a barrel by 0439 GMT, while U.S. West Texas Intermediate crude
- [Hemisphere Energy Declares Quarterly Dividend, Announces 2026 Second Quarter Results, and Provides Operations Update](https://boereport.com/2026/08/20/hemisphere-energy-declares-quarterly-dividend-announces-2026-second-quarter-results-and-provides-operations-update/): Vancouver, British Columbia--(Newsfile Corp. - August 20, 2026) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") declares a quarterly payment to shareholders, provides its financial and operating results for the three and six months ended June 30, 2026, and provides an operations update. Quarterly Dividend Hemisphere is pleased to announce that its Board
- [Highwood Asset Management Ltd. announces second quarter 2026 results and operational update](https://boereport.com/2026/08/20/highwood-asset-management-ltd-announces-second-quarter-2026-results-and-operational-update/): /NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWSWIRES/ CALGARY, AB, Aug. 20, 2026 /CNW/ -- Highwood Asset Management Ltd. ("Highwood" or the "Company") (TSXV: HAM) is pleased to announce its financial and operating results for the three and six months ended June 30, 2026 and to provide an operational update. The Company also
- [Trump warns of economic consequences for any country that supports Iran](https://boereport.com/2026/08/20/trump-warns-of-economic-consequences-for-any-country-that-supports-iran/): U.S. President Donald Trump warned of economic consequences against any country that provided "any type of lifeline to Iran" as the United States looks to resolve a war it began alongside Israel nearly six months ago. Thousands have been killed in the war, which quickly drew in Gulf nations and shocked global markets as Iran
- [Continental Resources Significantly Expands Permian Basin Position with Acquisition of FireBird Energy II](https://boereport.com/2026/08/20/continental-resources-significantly-expands-permian-basin-position-with-acquisition-of-firebird-energy-ii/): OKLAHOMA CITY, Aug. 20, 2026 /PRNewswire/ -- Continental Resources ("Continental") today announced it has entered into an agreement to acquire FireBird Energy II LLC ("FireBird"), a portfolio company of Quantum Capital Group ("Quantum"). The acquisition of FireBird, which owns approximately 54,000 net acres in the Midland Basin, significantly expands Continental's Permian Basin position and adds
- [North Dakota oil production up 28,000 bpd in June vs May to 1,153,000 bpd - state regulator](https://boereport.com/2026/08/19/north-dakota-oil-production-up-28000-bpd-in-june-vs-may-to-1153000-bpd-state-regulator/): Oil production in North Dakota rose 28,000 barrels-per-day (bpd) to 1,153,000 bpd in June, monthly data from the state Industrial Commission showed. Bakken and Three Forks oil production stood at 1,126,000 bpd in the month. The data was released on the North Dakota Industrial Commission's general statistics webpage and has been rounded to the nearest
- [Trump boasts Keystone XL as trade talk win. It's not clear it was ever off the table.](https://boereport.com/2026/08/19/trump-boasts-keystone-xl-as-trade-talk-win-its-not-clear-it-was-ever-off-the-table/): OTTAWA - U.S. President Donald Trump boasted Tuesday about reviving the Keystone XL pipeline project, touting it as a win in trade negotiations with Canada. Trump posted on his Truth Social platform that Canada and the U.S. “have a DEAL!” “The great Keystone XL Pipeline, long ago killed by Sleepy Joe Biden, may be awoken
- [US weekly refiner inputs rose to highest in nearly seven years, EIA data shows](https://boereport.com/2026/08/19/us-weekly-refiner-inputs-rose-to-highest-in-nearly-seven-years-eia-data-shows/): U.S. refiners net input of crude oil rose to about 17.4 million barrels per day in the week ended August 14, the highest since September 2019, data from the Energy Information Administration showed on Wednesday. Refiners along the U.S. Gulf Coast pulled crude at the fastest pace in eight years last week, the data showed.
- [A look back at the Keystone XL pipeline drama as Trump touts its potential revival](https://boereport.com/2026/08/19/a-look-back-at-the-keystone-xl-pipeline-drama-as-trump-touts-its-potential-revival/): CALGARY - The latest volley of U.S. tariffs targeting Canada are temporarily on hold, and social media postings from U.S. President Donald Trump suggest a revival of the defunct Keystone XL pipeline is factoring into ongoing negotiations. Trump posted Tuesday night on his Truth Social platform that Canada and the U.S. "have a DEAL!" "The
- [US, Canada trade negotiators meet after Trump sets new tariff deadline](https://boereport.com/2026/08/19/us-canada-trade-negotiators-meet-after-trump-sets-new-tariff-deadline/): Canadian and U.S. trade negotiators met on Wednesday after President Donald Trump paused planned 50% tariffs on some Canadian goods for three days, as sources said auto tariff levels remained a sticking point. The Canadian minister responsible for U.S. trade, Dominic LeBlanc, and Canada's chief trade negotiator Janice Charette met U.S. Trade Representative Jamieson Greer,
- [US crude and gasoline inventories rise, distillate stocks fall - EIA](https://boereport.com/2026/08/19/us-crude-and-gasoline-inventories-rise-distillate-stocks-fall-eia/): U.S. crude and gasoline inventories rose while distillate stockpiles fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 4.4 million barrels to 428.8 million barrels in the week ended August 14, the EIA said. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 1.3 million barrels in the week,
- [Norway state oil licences valued at $150 billion, survey shows](https://boereport.com/2026/08/19/norway-state-oil-licences-valued-at-150-billion-survey-shows/): The Norwegian government's direct ownership stakes in offshore oil and gas licences and infrastructure are valued at a total of 1.41 trillion Norwegian crowns ($150 billion), according to a survey published by the industry ministry on Wednesday. * The state holds stakes in dozens of fields operated by oil companies such as Equinor and ConocoPhillips,
- [Proposed Canadian crude oil pipeline projects](https://boereport.com/2026/08/18/proposed-canadian-crude-oil-pipeline-projects/): A series of new Canadian crude oil export pipeline projects could help the world's fourth-largest oil producer meet global demand and come closer to achieving Prime Minister Mark Carney's "energy superpower" ambition. At least six different pipeline projects are underway or proposed, which together could increase the country's export pipeline capacity by 2.25 million barrels
- [Alberta government to hold first AI data centre town hall in central town of Lacombe](https://boereport.com/2026/08/19/alberta-government-to-hold-first-ai-data-centre-town-hall-in-central-town-of-lacombe/): LACOMBE - Alberta's technology minister is set to hear from residents in the central region tonight on what they think of artificial intelligence data centres. Nate Glubish is scheduled to be in Lacombe for the first in a series of town halls. Glubish has spent years crafting an AI strategy and wooing investors to build
- [Oil edges up on uncertainty over exports through Hormuz](https://boereport.com/2026/08/18/oil-edges-up-on-uncertainty-over-exports-through-hormuz/): Oil prices ticked higher in early trade on Wednesday, climbing for a fourth straight day on supply uncertainty as investors weighed conflicting messages from Tehran and Washington on whether the Strait of Hormuz is open to ships. Brent crude futures climbed 26 cents, or 0.29%, to $91.28 by 0004 GMT, while U.S. West Texas Intermediate
- [UAE's financial embargo on Iran after missile threat puts rivalry back in spotlight](https://boereport.com/2026/08/19/uaes-financial-embargo-on-iran-after-missile-threat-puts-rivalry-back-in-spotlight/): * UAE suspends financial ties with Iran until further notice * Major Gulf oil producer blames missile threat on Tehran * Missile launch comes amid standoff over deal to end U.S.-Iran conflict DUBAI, Aug 19 - The United Arab Emirates' decision to suspend all financial and economic transactions with Iran until further notice, citing a
- [Hydro Vault Energy Inc.: Corporate Divestiture](https://boereport.com/2026/08/19/hydro-vault-energy-inc-corporate-divestiture/): Hydro Vault Energy Inc. (“Hydro Vault” or the “Company”) has engaged Sayer Energy Advisors to assist it with the sale of the shares of the Company. Hydro Vault is a junior oil and natural gas company with oil and natural gas interests located in the Greater Golden Spike area of Alberta (the “Property”). In the
- [About half of Venezuela oil output now goes to US, Under Secretary Haustveit says](https://boereport.com/2026/08/18/about-half-of-venezuela-oil-output-now-goes-to-us-under-secretary-haustveit-says/): U.S. Energy Under Secretary Kyle Haustveit said on Tuesday that about half of Venezuela's oil output is now being exported to the U.S. * "In the last couple of months, we're seeing north of 500,000 barrels of approximately half of the production coming out of Venezuela is coming to the United States to the refineries
- [Canada's oil producers target late 2027 for Pathways carbon capture decision](https://boereport.com/2026/08/18/canadas-oil-producers-target-late-2027-for-pathways-carbon-capture-decision/): Canada's biggest oil producers are targeting late 2027 for a final investment decision on their proposed 6-million-tonne carbon capture and storage project, a key piece of the country's plan to grow oil production and keep emissions in check, the president of the Oil Sands Alliance industry group told Reuters. Kendall Dilling, who heads the industry
- [New oil and gas jobs from BOE Report Jobs](https://boereport.com/2026/08/18/new-oil-and-gas-jobs-from-boe-report-jobs-496/): Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title
- [Trump says no talks are taking place with Iran and none are scheduled](https://boereport.com/2026/08/18/trump-says-no-talks-are-taking-place-with-iran-and-none-are-scheduled/): U.S. President Donald Trump on Tuesday said there were no conversations taking place with Iran, and none were scheduled, adding that the Strait of Hormuz was open. "There are no talks or conversations going on, or scheduled, with the Islamic Republic of Iran. The Naval Blockade remains in full force and effect. The Hormuz Strait
- [China surprises oil markets again with a return to stockpiling in July: Russell](https://boereport.com/2026/08/17/china-surprises-oil-markets-again-with-a-return-to-stockpiling-in-july-russell/): China managed to add a small volume of crude oil to inventories in July, as weak refinery processing outweighed a sharp drop in imports. China's surplus crude for July amounted to 210,000 barrels per day (bpd) and came after the world's biggest oil importer drew on stockpiles in both May and June amid supply constraints
- [Oil climbs as fading US-Iran peace hopes raise supply risks](https://boereport.com/2026/08/17/oil-climbs-as-fading-us-iran-peace-hopes-raise-supply-risks/): Oil prices rose on Tuesday as a deal to end the Middle East war seemed further out of sight with Iran saying it will adopt a more offensive stance and the U.S. ruling out extending a ceasefire agreement, heightening worries about energy supply. Iran will shift to a "fully offensive" military posture because efforts to
- [Selling grips bond markets from US to Japan as inflation, fiscal worries take hold](https://boereport.com/2026/08/18/selling-grips-bond-markets-from-us-to-japan-as-inflation-fiscal-worries-take-hold/): Long-term borrowing costs from the United States to Japan and Germany rose to their highest levels in decades on Tuesday, as renewed inflation worries added to lingering concerns of fiscal pressures across major economies, dealing bond markets a fresh blow. Thirty-year bond yields in the United States, the world's most systemically crucial government bond market,
- [Hormuz Strait to remain shut until U.S. meets interim deal conditions, Iran says](https://boereport.com/2026/08/18/hormuz-strait-to-remain-shut-until-u-s-meets-interim-deal-conditions-iran-says/): The Strait of Hormuz will remain shut until the U.S. meets the conditions of an interim deal signed with Iran in June, the top Iranian negotiator Mohammad Baqer Qalibaf said in comments published by state media on Tuesday. These conditions include the U.S. liftingits blockade of Iranian ports, lifting oil sanctions,releasingTehran's frozen assets, and ending
- [Oil market starts pricing in a prolonged Hormuz crisis: Bousso](https://boereport.com/2026/08/18/oil-market-starts-pricing-in-a-prolonged-hormuz-crisis-bousso/): The oil market is increasingly behaving as though disruptions to Middle East energy supplies are not a temporary shock but a new reality. Nearly six months after war erupted between the U.S. and Iran, hopes for a diplomatic breakthrough have faded. An interim ceasefire agreed on June 17 has effectively collapsed, the 60-day negotiating period
- [Canada's pipeline ambitions hinge on uncertain output expansion](https://boereport.com/2026/08/18/canadas-pipeline-ambitions-hinge-on-uncertain-output-expansion/): Canadian pipeline firms are proposing billions of dollars in new projects despite oil sands companies being reluctant to commit to significant production expansions amid ongoing uncertainty around climate policies and long-term global demand. At least six different pipeline projects are underway or proposed in Canada, to move oil to the United States or to export
- [Idemitsu starts sourcing Saudi crude via Suez route, sees no risk to stable supplies -president](https://boereport.com/2026/08/18/idemitsu-starts-sourcing-saudi-crude-via-suez-route-sees-no-risk-to-stable-supplies-president/): Idemitsu Kosan, Japan's second-largest oil refiner, has begun sourcing Saudi crude from Yanbu via the Suez route and the Cape of Good Hope and sees no near-term threat to stable supplies, helped by UAE crude routed via Fujairah and imports from North America, its president said on Tuesday. "If you set aside longer shipping times
- [Vessel struck by unknown projectile in Strait of Hormuz, crew casualty reported, UKMTO says](https://boereport.com/2026/08/17/vessel-struck-by-unknown-projectile-in-strait-of-hormuz-crew-casualty-reported-ukmto-says/): The United Kingdom Maritime Trade Operations (UKMTO) received a report on Tuesday that a vessel was struck by an unknown projectile while transiting outbound in the Strait of Hormuz, causing engine room damage and a crew casualty, with the remaining crew being assisted by the Omani Coast Guard. No environmental impact has been reported and
- [Targa to build three Permian gas processing plants, new pipeline](https://boereport.com/2026/08/17/targa-to-build-three-permian-gas-processing-plants-new-pipeline/): Pipeline operator Targa Resources said on Monday it would build three natural gas processing plants in the Permian Delaware Basin and a new pipeline, expanding its footprint as production rises in the U.S. shale region. Midstream companies in the U.S. such as Targa are benefiting from strong oil and gas production in the Permian Basin,
- [Integrating The Delaware Basin: Devon Energy Reaches Final Investment Decision on Solitude Pipeline System](https://boereport.com/2026/08/17/integrating-the-delaware-basin-devon-energy-reaches-final-investment-decision-on-solitude-pipeline-system/): Investment extends Devon’s integrated Delaware Basin model – capturing value from the wellhead to the demand center HOUSTON, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corporation (NYSE: DVN) today announced a positive Final Investment Decision (“FID”) on the Solitude Pipeline System, a WhiteWater-led joint venture that will construct two 48-inch natural gas pipelines connecting
- [US diesel crack surpasses $100 a barrel for the first time on supply disruptions](https://boereport.com/2026/08/17/us-diesel-crack-surpasses-100-a-barrel-for-the-first-time-on-supply-disruptions/): The U.S. diesel crack, a key measure of refining profitability, hit an all-time high of $102.20 a barrel on Monday as global supply disruptions from the wars in Iran and Ukraine run into peak agricultural consumption season. Measured as the premium of U.S. diesel futures over U.S. West Texas Intermediate crude oil futures, the U.S.
- [Oil stocks in US Strategic Petroleum Reserve fall by 5.3 million barrels to lowest level since 1982 ](https://boereport.com/2026/08/17/oil-stocks-in-us-strategic-petroleum-reserve-fall-by-5-3-million-barrels-to-lowest-level-since-1982/): Stocks of crude oil in the U.S. Strategic Petroleum Reserve fell by about 5.3 million barrels to 293.4 million barrels last week, the lowest level since December 1982, according to data from the Department of Energy. The drawdowns are part of a U.S. agreement to release 172 million barrels from the facility. (Reporting by Arathy
- [US energy chief says he will speak to refiners about boosting output](https://boereport.com/2026/08/17/us-energy-chief-says-he-will-speak-to-refiners-about-boosting-output/): U.S. Energy Secretary Chris Wright said he would talk to U.S. refiners on Monday about ways to boost fuel production in an effort to lower gasoline prices that remain stubbornly high in the wake of the U.S.-Israeli war on Iran. U.S. refiners are already running at high rates as strong fuel prices have lifted margins.
- [First Nations Lead Kino Aski LNG - A Major Canadian Energy Project](https://boereport.com/2026/08/17/first-nations-lead-kino-aski-lng-a-major-canadian-energy-project/): MONTREAL, Aug. 17, 2026 /CNW/ -- Kino Aski Inc. and Marinvest Energy Canada Inc. announced today the joint development of Kino Aski LNG, a First Nations–led energy corridor and liquefied natural gas (LNG) project designed to supply Europe with competitive, low–carbon Canadian energy. The project is based on an innovative partnership model where Kino Aski Inc.
- [US banks lending commitments signal confidence in AI capex cycle sustainability, KBW says](https://boereport.com/2026/08/17/us-banks-lending-commitments-signal-confidence-in-ai-capex-cycle-sustainability-kbw-says/): ** KBW says last week's major capital commitments from U.S. big banks linked to domestic infrastructure and AI build out signal confidence in the sustainability of the capex cycle ** Bank of America pledged $250 billion for US infrastructure financing and Morgan Stanley launched a $1.5 trillion infrastructure initiative ** Elsewhere, Nvidia partnered with Wall
- [WhiteWater-led venture approves Permian-to-Texas gas pipeline project](https://boereport.com/2026/08/17/whitewater-led-venture-approves-permian-to-texas-gas-pipeline-project/): Infrastructure company WhiteWater and its joint venture partners Devon Energy, MPLX, Diamondback Energy and Western Midstream Partners said on Monday they had reached a final investment decision (FID) to build two natural gas pipelines from the Permian Basin to Katy, Texas. The Permian Basin, the largest oil-producing region in the U.S., has seen steady growth
- [Oil steadies after US threatens indefinite blockade of Iran](https://boereport.com/2026/08/14/oil-steadies-after-us-threatens-indefinite-blockade-of-iran/): Oil prices inched up on Friday after the United States threatened an indefinite naval blockade of Iran, reviving concerns about supply of crude after the previous session's fall on a weaker outlook for demand and a large build in U.S. stocks. Brent futures rose 1 cent, or 0.1%, to $87.08 a barrel by 0247 GMT,
- [Oil treads water as US-Iran peace talks stall, Hormuz shipping slows](https://boereport.com/2026/08/16/oil-treads-water-as-us-iran-peace-talks-stall-hormuz-shipping-slows/): Oil prices barely moved in early trade on Monday as tanker traffic through the Strait of Hormuz slowed over the weekend with no peace deal in sight between the United States and Iran to end the conflict in the Middle East. Brent crude futures climbed 20 cents, or 0.2%, to $88.72 by 2350 GMT, while
- [Solitude Pipeline System reaches final investment decision to transport gas from the Permian Basin to the Gulf Coast](https://boereport.com/2026/08/17/solitude-pipeline-system-reaches-final-investment-decision-to-transport-gas-from-the-permian-basin-to-the-gulf-coast/): AUSTIN, Texas, Aug. 17, 2026 /PRNewswire/ -- WhiteWater today announced that it, together with Devon Energy Corporation (NYSE: DVN), MPLX LP (NYSE: MPLX), Diamondback Energy, Inc. (NASDAQ: FANG) and Western Midstream Partners, LP (NYSE: WES), through their Solitude Pipeline System joint venture ("Solitude"), have reached a positive Final Investment Decision ("FID") to construct two 48-inch
- [Surge Energy Inc. confirms September 2026 dividend](https://boereport.com/2026/08/17/surge-energy-inc-confirms-september-2026-dividend/): CALGARY, AB, Aug. 17, 2026 /CNW/ -- Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on September 15, 2026, in respect of August 2026 production, for the shareholders of record on August 31, 2026, will be $0.043333 per share. The dividend is an eligible dividend for
- [Oil shock’s bigger problem is at the refinery](https://boereport.com/2026/08/17/oil-shocks-bigger-problem-is-at-the-refinery/): (The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Yawen Chen LONDON, Aug 17 (Reuters Breakingviews) - The oil crisis is becoming a tale of two barrels. Brent crude, at around $88 a barrel, is nearly a third below the $126 it touched at the height of the Iran war.
- [International Petroleum Corporation Announces Results of Normal Course Issuer Bid](https://boereport.com/2026/08/17/international-petroleum-corporation-announces-results-of-normal-course-issuer-bid-89/): TORONTO, Aug. 17, 2026 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 205,334 IPC common shares (ISIN: CA46016U1084) during the period of August 10 to 14, 2026 under IPC’s previously announced normal course issuer bid / share repurchase program
- [Peyto Exploration & Development Corp. Confirms Monthly Dividend for September 15, 2026](https://boereport.com/2026/08/14/peyto-exploration-development-corp-confirms-monthly-dividend-for-september-15-2026/): CALGARY, Alberta, Aug. 14, 2026 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto") confirms that the monthly dividend with respect to August 2026 of $0.12 per common share is to be paid on September 15, 2026, for shareholders of record on August 31, 2026. Dividends paid by Peyto to Canadian residents are
- [Shipping slows through Strait of Hormuz after tanker attacks, data shows](https://boereport.com/2026/08/16/shipping-slows-through-strait-of-hormuz-after-tanker-attacks-data-shows/): Shipping through the Strait of Hormuz slowed over the weekend, data showed on Monday, following attacks on tankers, while U.S.-Iran talks to resolve the Middle East conflict stalled. Five commodity vessels transited the strait on Saturday, with none registered for Sunday, shiptracking data from Kpler showed, versus 31 in the prior weekend. Ships entering the
- [Conservatives call for extension of temporary gas price relief until next summer](https://boereport.com/2026/08/16/conservatives-call-for-extension-of-temporary-gas-price-relief-until-next-summer/): OTTAWA - Conservative Leader Pierre Poilievre says the federal government should give Canadians at least another 10 months of relief at the pumps. The Liberals suspended the federal fuel excise tax in April in response to the U.S.-Israeli war in Iran and rising prices. At the time, Prime Minister Mark Carney said the measure would
- [Billionaire Peter Thiel buys 1% stake in Argentine Vaca Muerta oil firm, filing shows](https://boereport.com/2026/08/15/billionaire-peter-thiel-buys-1-stake-in-argentine-vaca-muerta-oil-firm-filing-shows/): Palantir chair and co-founder Peter Thiel has bought a 1% stake in Argentina's Vista, one of the largest oil companies operating in the country's Vaca Muerta shale formation, according to a U.S. Securities and Exchange Commission filing. The filing, published on Friday, comes four months after the tech billionaire met with Argentine President Javier Milei
- [CanAsia Announces Entering into Definitive Agreement for the Sale of the Sawn Lake Heavy Oil Project in an All-Cash Transaction](https://boereport.com/2026/08/17/canasia-announces-entering-into-definitive-agreement-for-the-sale-of-the-sawn-lake-heavy-oil-project-in-an-all-cash-transaction/): CALGARY, AB, Aug. 14, 2026 /CNW/ -- CanAsia Energy Corp. ("CanAsia") (TSXV: CEC) is pleased to announce that it has entered into a definitive share purchase agreement dated August 14, 2026 (the "Agreement") with an arm's length Alberta corporation (the "Purchaser") pursuant to which the Purchaser has agreed to acquire all of the issued and
- [Iran defiant on strait as Trump tells Americans to accept high gas prices](https://boereport.com/2026/08/14/iran-defiant-on-strait-as-trump-tells-americans-to-accept-high-gas-prices/): Iran called on the U.S. to accept defeat while President Donald Trump blasted Iran as "evil" and urged Americans to brace for continued high fuel prices. The comments suggested the warring parties remained far apart, with progress toward peace talks and oil tanker traffic through the strategic Strait of Hormuz waterway both halted. "This strait
- [Iran has not decided to resume US talks, says Hormuz shipping depends on US meeting conditions](https://boereport.com/2026/08/14/iran-has-not-decided-to-resume-us-talks-says-hormuz-shipping-depends-on-us-meeting-conditions/): Iran has not decided to resume talks with the United States, and messages being exchanged via Qatar and Pakistan do not amount to negotiations, Foreign Minister Abbas Araqchi said in an interview published on Saturday. Araqchi told Iranian news outlet Shahrara News that separate talks with Oman were focused on defining a sea route through
- [UAE's ADNOC says one of its vessels came under attack while transiting Hormuz](https://boereport.com/2026/08/14/uaes-adnoc-says-one-of-its-vessels-came-under-attack-while-transiting-hormuz/): UAE's Abu Dhabi National Oil Company said on Saturday that one of its vessels came under attack while transiting the Strait of Hormuz a day earlier, the Emirati state news agency WAM reported. The state oil company said no injuries were reported, with the situation now under control, according to WAM. The attack was the
- [Trump urges Americans to accept higher gas prices as he escalates Iran rhetoric](https://boereport.com/2026/08/14/trump-urges-americans-to-accept-higher-gas-prices-as-he-escalates-iran-rhetoric/): President Donald Trump on Friday urged Americans to accept slightly higher gasoline prices as the cost of preventing Iran from obtaining a nuclear weapon and said he would soon declare the Strait of Hormuz a U.S territory. The comments underscore the growing political risk for Trump as higher fuel prices collide with his campaign promise
- [Iran's deputy foreign minister says won't be intimidated by US threats after Trump's statements on Hormuz](https://boereport.com/2026/08/14/irans-deputy-foreign-minister-says-wont-be-intimidated-by-us-threats-after-trumps-statements-on-hormuz/): Iran's Deputy Foreign Minister Kazem Gharibabadi said early Saturday that Tehran would not be intimidated by threats or a show of force by Washington after U.S. President Donald Trump said he would declare the Strait of Hormuz a U.S. territory. Commenting on Trump's statements, Gharibabadi said in a post on X that the strategic waterway
- [Houthis say they targeted Aramco in Saudi Arabia's Najran with drone](https://boereport.com/2026/08/14/houthis-say-they-targeted-aramco-in-saudi-arabias-najran-with-drone/): Yemen's Houthis said they targeted an Aramco facility in the Saudi city of Najran with a drone, the group-run SABA news agency reported on Friday, citing a military source. The source said the attack was in response to what it described as Saudi military aircraft violating Yemen's sovereignty by entering airspace over the northeastern part
- [US oil and gas rig count rises to highest since March 2025, Baker Hughes says](https://boereport.com/2026/08/14/us-oil-and-gas-rig-count-rises-to-highest-since-march-2025-baker-hughes-says/): U.S. energy firms this week added rigs for the second time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The total oil and gas rig count, an early indicator of future output, rose by five to 593 in the week to August 14, its highest since March
- [Gas price rebound expected to send inflation higher in July](https://boereport.com/2026/08/14/gas-price-rebound-expected-to-send-inflation-higher-in-july/): OTTAWA - Economists expect inflation edged higher in July as consumers were getting whiplash at the gasoline pumps. Statistics Canada is set to provide a look at the consumer price index for July on Monday. A Reuters poll of economists expects annual inflation rose a tenth of a point to 2.9 per cent last month.
- [S&P 500 Energy sector on track for biggest weekly gain since October 2022](https://boereport.com/2026/08/14/sp-500-energy-sector-on-track-for-biggest-weekly-gain-since-october-2022/): ** The S&P Energy sector, leading the gainers among the 11 major sectors of the S&P 500 on Friday with 1.4% rise, is poised to notch its biggest one-week percentage gain since October 2022 ** Oil majors ExxonMobil and Chevron providing biggest boosts to SPNY on the session: XOM up 1.4%, CVX climbs 1.6% **
- [Manufacturing sales rise for fifth consecutive month in June: StatCan](https://boereport.com/2026/08/14/manufacturing-sales-rise-for-fifth-consecutive-month-in-june-statcan/): OTTAWA - Statistics Canada says manufacturing sales rose for a fifth straight month in June, helped by gains in the chemical and transportation equipment subsectors. The agency says manufacturing sales rose 0.1 per cent to $78.8 billion in June. The increase came as sales in the chemical subsector increased six per cent to $6.3 billion,
- [The US says more oil is leaving the Middle East, but is it really?: Russell](https://boereport.com/2026/08/13/the-us-says-more-oil-is-leaving-the-middle-east-but-is-it-really-russell/): Just how much crude oil is leaving the Strait of Hormuz? U.S. Energy Secretary Chris Wright claims almost nine million barrels per day, but the companies that track vessel movements say at best it is about half this volume. The amount of crude leaving the Middle East via the narrow chokepoint matters, as it's this
- [Arrow Announces Alberta Property Acquisition](https://boereport.com/2026/08/14/arrow-announces-alberta-property-acquisition/): Producing property with upside potential August 14, 2026 2:00 AM EDT | Source: Arrow Exploration Corp. Calgary, Alberta--(Newsfile Corp. - August 14, 2026) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) ("Arrow" or the "Company"), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to announce a property acquisition
- [Source Rock Royalties declares monthly dividend](https://boereport.com/2026/08/14/source-rock-royalties-declares-monthly-dividend-27/): /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./ CALGARY, AB, Aug. 14, 2026 /CNW/ -- Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties and Crown mineral leases, announces that its board of directors has declared a
- [Asian refiners buy more US crude as Hormuz remains blocked, traders say](https://boereport.com/2026/08/14/asian-refiners-buy-more-us-crude-as-hormuz-remains-blocked-traders-say/): At least four Asian refiners bought U.S. crude this week, as the Strait of Hormuz remained effectively closed and refiners sought alternative supplies for delivery later this year, traders said. Shipping traffic at the Strait of Hormuz fell below the average for this month towards the end of the week due to competing U.S. and
- [7 New Listings on PNG Exchange](https://boereport.com/2026/08/14/7-new-listings-on-png-exchange-2/): Teine Energy Ltd. PROVOST - Dina Opportunity Aldon Oils Ltd. CAYUGA - Alida Opportunity WILMAR/BROWNING - Frobisher Opportunity Lynx Energy ULC BINDLOSS DISPOSITION - Mannville Opportunity Rubellite Energy Ltd. UKALTA - Clearwater Opportunity ASPEN - Clearwater Opportunity Baccalieu Energy Inc. SYLVAN Lake - Duvernay Opportunity PNG Exchange PNG Exchange is the energy industry’s central hub for
- [Ensign Energy Services Inc. - Announces the Closing of the Acquisition of Citadel Drilling Ltd.](https://boereport.com/2026/08/13/ensign-energy-services-inc-announces-the-closing-of-the-acquisition-of-citadel-drilling-ltd/): CALGARY, AB, Aug. 13, 2026 /CNW/ -- Ensign Energy Services Inc. ("Ensign") is pleased to announce that it has completed the acquisition of all of the issued and outstanding shares of Citadel Drilling Ltd. for consideration of US$65 million (subject to adjustments). All closing conditions were satisfied. Ensign funded the purchase price with cash on
- [Whitecap Resources Inc. confirms monthly dividend for August 2026 of $0.0608 per share](https://boereport.com/2026/08/13/whitecap-resources-inc-confirms-monthly-dividend-for-august-2026-of-0-0608-per-share/): CALGARY, AB, Aug. 13, 2026 /CNW/ -- Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.0608 per common share in respect of August operations will be paid on September 15, 2026 to shareholders of record on August 31, 2026. This dividend is an eligible dividend for the purposes of the Income
- [Stalled Alaska LNG pipeline bill sends 'negative signal,' governor says](https://boereport.com/2026/08/13/stalled-alaska-lng-pipeline-bill-sends-negative-signal-governor-says/): Alaska Governor Mike Dunleavy said he was "deeply disappointed" that a bill to advance a pipeline for the Alaska LNG project to export natural gas to Asia stalled in the state legislature. Dunleavy said in a post on X late on Wednesday that the legislature's decision not to reconvene this session to vote on a
- [US can keep naval blockade on Iranian ports "indefinitely," Pentagon chief says](https://boereport.com/2026/08/13/us-can-keep-naval-blockade-on-iranian-ports-indefinitely-pentagon-chief-says/): The U.S. military has enough assets to maintain a naval blockade of Iran indefinitely, Defense Secretary Pete Hegseth said on Thursday, adding ships could be rotated in and out of the region as needed. Hegseth's comments suggest he is advising U.S. President Donald Trump that the U.S. military can keep applying economic pressure on Iran
- [Argo's June Oil Production](https://boereport.com/2026/08/13/argos-june-oil-production/): Toronto, Ontario--(Newsfile Corp. - August 13, 2026) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") June 2026 oil production was 2,159 barrels, averaging 72 barrels per day. Oil prices averaged CAD$84 per barrel, and Argo's oil revenue was $181,184 and net operating cash flow
- [IEA slashes 2026 supply forecast as Hormuz reopening remains elusive](https://boereport.com/2026/08/12/iea-slashes-2026-supply-forecast-as-hormuz-reopening-remains-elusive/): Global oil supply will fall by 4.3 million barrels per day, or around 4%, this year, the International Energy Agency said in its monthly oil market report on Wednesday, as renewed hostilities in the Middle East are set to plunge the world deeper into an oil-market deficit. The U.S.-Iran ceasefire broke down last month around
- [Oil eases as weaker demand outlook counters Mideast supply concerns](https://boereport.com/2026/08/12/oil-eases-as-weaker-demand-outlook-counters-mideast-supply-concerns/): Oil prices eased on Thursday after gains in previous sessions, as attention turned to expectations of weaker global oil demand this year, while there was no progress on opening the vital Strait of Hormuz. Brent futures slipped 42 cents, or 0.47%, to $88.56 a barrel by 0405 GMT. U.S., trimming gains made over the previous
- [ROK Resources Announces Normal Course Issuer Bid](https://boereport.com/2026/08/13/rok-resources-announces-normal-course-issuer-bid/): NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES REGINA, SK / ACCESS Newswire / August 13, 2026 / ROK Resources Inc. ("ROK" or the "Company") (TSXV:ROK)(OTCQB:ROKRF) is pleased to announce that it has received conditional acceptance for its intention to make a normal course issuer bid ("NCIB") through the
- [Are global oil stocks big enough to weather another six months of US-Iran war?](https://boereport.com/2026/08/13/are-global-oil-stocks-big-enough-to-weather-another-six-months-of-us-iran-war/): As the U.S.-Iran war drags on with no end in sight, oil traders and policymakers are grappling with a critical question: are global oil stocks enough to offset what could become the biggest supply disruption on record? The answer is far from clear, depending not only on how much oil remains in storage, but also
- [Tidewater Midstream and Infrastructure Ltd. announces second quarter 2026 results, operational update, and increase to 2026 financial guidance](https://boereport.com/2026/08/13/tidewater-midstream-and-infrastructure-ltd-announces-second-quarter-2026-results-operational-update-and-increase-to-2026-financial-guidance/): (TSX: TWM) CALGARY, AB, Aug. 13, 2026 /CNW/ -- Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation" when referring to the consolidated group, and "Tidewater Midstream" when referring to the legal entity) (TSX: TWM) has filed its consolidated interim financial statements and Management's Discussion and Analysis ("MD&A") for the three and six months
- [InPlay Oil Corp. Announces Second Quarter 2026 Financial and Operating Results](https://boereport.com/2026/08/13/inplay-oil-corp-announces-second-quarter-2026-financial-and-operating-results/): CALGARY, AB, Aug. 13, 2026 /CNW/ -- InPlay Oil Corp. (TSX: IPO) (TASE: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to announce its financial and operating results for the three and six months ended June 30, 2026. InPlay's unaudited interim financial statements and notes, and Management's Discussion and Analysis ("MD&A") for the three
- [Prairie Provident Resources Announces Second Quarter 2026 Results](https://boereport.com/2026/08/12/prairie-provident-resources-announces-second-quarter-2026-results/): CALGARY, Alberta, Aug. 12, 2026 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") (TSX:PPR) announces its financial and operating results for the second quarter of 2026. The Company’s interim financial statements for the three and six months ended June 30, 2026, and related Management’s Discussion and Analysis (“MD&A”) are available on
- [Pine Cliff Energy Ltd. Announces Second Quarter 2026 Results, and Capex Guidance Update](https://boereport.com/2026/08/12/pine-cliff-energy-ltd-announces-second-quarter-2026-results-and-capex-guidance-update/): Calgary, Alberta--(Newsfile Corp. - August 12, 2026) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") announces its second quarter 2026 financial and operating results, and an update to its capex guidance for 2026. Second Quarter 2026 Summary Highlights Generated $5.9 million ($0.02 per basic and fully diluted share) and $15.5 million ($0.04
- [Journey Announces Disposition of Assets](https://boereport.com/2026/08/12/journey-announces-disposition-of-assets/): Calgary, Alberta--(Newsfile Corp. - August 12, 2026) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to announce it has entered into a definitive agreement to sell certain Northwest Alberta assets. Journey has entered into a definitive agreement with a private company for the disposition of certain Northwest Assets (the
- [Birchcliff Energy Ltd. Announces Strong Q2 2026 Results, Increased 2026 Production Guidance and New Malin Natural Gas Market Diversification](https://boereport.com/2026/08/12/birchcliff-energy-ltd-announces-strong-q2-2026-results-increased-2026-production-guidance-and-new-malin-natural-gas-market-diversification/): CALGARY, Alberta, Aug. 12, 2026 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its Q2 2026 financial and operational results, updated 2026 guidance and the addition of the Malin hub to its natural gas marketing portfolio. Birchcliff is also pleased to announce that its board of directors
- [Chevron Announces Leadership Changes](https://boereport.com/2026/08/12/chevron-announces-leadership-changes-4/): • Navin Mahajan to retire after nearly 30 years with the company • Uriel "Ose” Oseguera named Treasurer of Chevron HOUSTON--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today announced the election of Uriel "Ose" Oseguera as Treasurer, effective November 1, 2026. Oseguera succeeds Navin Mahajan, who will retire from Chevron after nearly 30 years of service. As
- [US Gulf of Mexico oil and gas lease sale attracts $82.7 million in high bids](https://boereport.com/2026/08/12/us-gulf-of-mexico-oil-and-gas-lease-sale-attracts-82-7-million-in-high-bids/): The latest Trump administration sale of oil and gas drilling rights in the Gulf of Mexico attracted nearly $82.7 million in high bids on Wednesday, generating more money than a sale in March, but far less than one held in December. The Trump administration offered more than 80 million acres (32.4 million hectares) in the
- [Trump says US has 'total control' over Strait of Hormuz](https://boereport.com/2026/08/12/trump-says-us-has-total-control-over-strait-of-hormuz/): U.S. President Donald Trump on Wednesday said the United States in is control of the Strait of Hormuz. "The U.S.A. has total control over the Strait of Hormuz. I THINK WE WILL KEEP IT! Our Naval Blockade is being called, by everyone, “A WALL OF STEEL,” and there is nothing Iran can do about it,"
- [US crude stocks see largest weekly rise in 3.5 years, EIA says ](https://boereport.com/2026/08/12/us-crude-stocks-see-largest-weekly-rise-in-3-5-years-eia-says/): U.S. crude stocks excluding barrels in the Strategic Petroleum Reserve posted a surprise build and made their largest weekly gain since January 2023 last week as exports slumped, the Energy Information Administration said on Wednesday. Crude inventories rose by 17.4 million barrels to 424.4 million barrels in the week ended August 7, their highest level
- [Cavvy Energy Releases Q2 2026 Financial and Operating Results, Provides Operational Update, and Increases 2026 Guidance](https://boereport.com/2026/08/11/cavvy-energy-releases-q2-2026-financial-and-operating-results-provides-operational-update-and-increases-2026-guidance/): Record Sulphur Revenues Contribute to a NOI Increase of 87% Year Over Year, $39 Million of Debt Repayment, and Improved Financial Guidance Not For Distribution to United States News Wire Services or Dissemination in United States CALGARY, Alberta, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Cavvy Energy Ltd. (“Cavvy” or the “Company”) (TSX:CVVY) is pleased to
- [Proposed Roberts Bank oil terminal would build on expanded West Coast marine safety system](https://boereport.com/2026/08/10/proposed-roberts-bank-oil-terminal-would-build-on-expanded-west-coast-marine-safety-system/): Project being assessed by federal Major Projects Office for potential fast-tracking Published on August 9, 2026 Author Name: Will Gibson Category Oil Having lived near the sea for almost all of her life, Bonnie Gee has a clear view of both the opportunities and risks of navigating the waters off British Columbia’s rugged coastline. The
- [Hormuz shipping traffic falls to one-week low amid hostilities](https://boereport.com/2026/08/11/hormuz-shipping-traffic-falls-to-one-week-low-amid-hostilities/): The tally of vessels tracked in the Strait of Hormuz fell to a one-week low of eight on Tuesday, shipping data showed, as owners avoided the key waterway amid continued hostilities in the Middle East. The United States and Yemen's Iran-aligned Houthis reported separate attacks as prospects appeared to dim for an end to the
- [Oil rises as doubts over US-Iran deal heighten supply concerns](https://boereport.com/2026/08/12/oil-rises-as-doubts-over-us-iran-deal-heighten-supply-concerns/): Oil prices rose on Wednesday as doubts about a U.S.-Iran peace deal and attacks on two ships fuelled concerns about disruptions to Middle East supplies, although industry data showed swelling inventories of U.S. crude. Brent futures were up 75 cents, or 0.84%, to $89.66 a barrel by 0553 GMT, while U.S. West Texas Intermediate (WTI)
- [US to offer 81 million acres in Gulf of Mexico oil and gas lease sale](https://boereport.com/2026/08/12/us-to-offer-81-million-acres-in-gulf-of-mexico-oil-and-gas-lease-sale/): The Trump administration on Wednesday will offer more than 81 million acres (32.8 million hectares) in the Gulf of Mexico to oil and gas drillers as part of an effort to boost domestic energy production with regular offshore lease sales. The sale is the second since the U.S.-Israeli war with Iran disrupted global crude flows
- [OPEC further lowers 2026 global oil demand growth forecast](https://boereport.com/2026/08/12/opec-further-lowers-2026-global-oil-demand-growth-forecast/): (Changes sourcing to report on OPEC's website in paragraph 3) LONDON, Aug 12 - OPEC on Wednesday lowered its forecast for world oil demand growth in 2026 to 580,000 barrels per day, a copy of its monthly report showed, marking the fourth straight downward revision. The producer group continues to see a smaller impact on
- [Peyto Reports Second Quarter 2026 Results](https://boereport.com/2026/08/11/peyto-reports-second-quarter-2026-results/): CALGARY, Alberta, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto" or the "Company") is pleased to report its operating and financial results for the second quarter of 2026. Q2 2026 Highlights: Peyto delivered second quarter production volumes of 145,320 boe/d (758.2 MMcf/d of natural gas, 18,959 bbls/d of NGLs), a
- [Bonterra Energy Announces Second Quarter 2026 Results and Operations Update](https://boereport.com/2026/08/11/bonterra-energy-announces-second-quarter-2026-results-and-operations-update/): CALGARY, Alberta, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Bonterra Energy Corp. (TSX: BNE; OTCID: BNEFF) (“Bonterra” or the “Company”), a Calgary based oil and gas producer, is pleased to announce its financial and operating results for the three and six months ended June 30, 2026. Bonterra delivered record quarterly production of 16,828 barrels of oil
- [Stampede Drilling Inc. confirms it has no drilling rig in Greenland](https://boereport.com/2026/08/11/stampede-drilling-inc-confirms-it-has-no-drilling-rig-in-greenland/): CALGARY, AB, Aug. 11, 2026 /CNW/ -- Stampede Drilling Inc. ("Stampede" or the "Corporation") (TSXV: SDI) confirms that its drilling rig which has been undergoing upgrades for potential deployment to Greenland in support of Greenland Energy Company's (NASDAQ: GLND) ("Greenland Energy") drilling program in the Jameson Land Basin remains in Canada and has not arrived
- [Logan Energy Corp. announces second quarter 2026 results and provides an operations update](https://boereport.com/2026/08/11/logan-energy-corp-announces-second-quarter-2026-results-and-provides-an-operations-update/): CALGARY, AB, Aug. 11, 2026 /CNW/ -- Logan Energy Corp. (TSXV: LGN) ("Logan" or the "Company") is pleased to announce its operating and financial results for the three and six months ended June 30, 2026, and to provide an operations update. Selected financial and operational information set out below should be read in conjunction with
- [Lycos Energy Inc. Announces Q2 2026 Results and Operations Update](https://boereport.com/2026/08/11/lycos-energy-inc-announces-q2-2026-results-and-operations-update/): Calgary, Alberta--(Newsfile Corp. - August 11, 2026) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce its operating and financial results for the three and six months ended June 30, 2026. Selected financial and operating information is outlined below and should be read with Lycos' unaudited condensed interim consolidated financial statements and
- [US power use to beat record highs in 2026 and 2027 as AI use surges, EIA says](https://boereport.com/2026/08/11/us-power-use-to-beat-record-highs-in-2026-and-2027-as-ai-use-surges-eia-says-5/): U.S. power consumption, which hit its second straight annual record high in 2025, will rise further in 2026 and 2027, driven by AI-hungry data centers and electrification, the Energy Information Administration said in its Short-Term Energy Outlook (STEO) on Tuesday. The EIA projected that power demand will rise from a record 4,195 billion kilowatt-hours (kWh)
- [US natgas end-of-season storage seen at three-year low in October](https://boereport.com/2026/08/11/us-natgas-end-of-season-storage-seen-at-three-year-low-in-october-2/): U.S. natural gas storage is on track to end the April-October summer injection season at a three-year low of 3.872 trillion cubic feet (tcf) on October 31, 2026, according to analysts' estimates. That compares with a two-year low of 3.929 tcf at the end of October in 2025 and a five-year (2021-2025) average of 3.782
- [Some Middle East oil output will stay shut through next year, US EIA says](https://boereport.com/2026/08/11/some-middle-east-oil-output-will-stay-shut-through-next-year-us-eia-says/): Some producers in the Middle East are likely to struggle to restore oil output to pre-conflict levels by the end of 2027, even if trade patterns return to normal by early next year, the U.S. Energy Information Administration said on Tuesday. Disruptions to shipping through the Strait of Hormuz and attacks on energy infrastructure have
- [The shallow gas conundrum - an asset too great to lose](https://boereport.com/2026/08/05/the-shallow-gas-conundrum-an-asset-too-great-to-lose/): Y2K, in case you missed it, was quite the spectacle. Or, better said, the run-up to Y2K was quite the spectacle. Speculation ran rampant, because internal logic of mainframe computer systems (that ran everything in society) was based on a two-digit year count, meaning when Y2K hit, the computers would be utterly confused and not
- [New oil and gas jobs from BOE Report Jobs](https://boereport.com/2026/08/11/new-oil-and-gas-jobs-from-boe-report-jobs-495/): Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title
- [US natural gas output, demand to hit record highs in 2026, EIA says](https://boereport.com/2026/08/11/us-natural-gas-output-demand-to-hit-record-highs-in-2026-eia-says/): U.S. natural gas supply and demand will both rise to record highs in 2026, the U.S. Energy Information Administration said in its Short-Term Energy Outlook on Tuesday. The EIA projected dry gas production will rise from a record 107.6 billion cubic feet per day in 2025 to 111.2 bcfd in 2026 and 116.0 bcfd in
- [US fired on Panama-flagged ship that tried to break blockade of Iranian ports, WSJ reports citing US official](https://boereport.com/2026/08/11/us-fired-on-panama-flagged-ship-that-tried-to-break-blockade-of-iranian-ports-wsj-reports-citing-us-official/): A U.S. military helicopter fired at the rudder of a Panama-flagged ship after its crew ignored warnings from personnel working to enforce a naval blockade on Iranian ports, the Wall Street Journal reported on Tuesday, citing a U.S. official. There were no immediate reports of casualties from the incident, the report said, adding that the
- [China is balancing Asia's crude oil demand by itself: Russell](https://boereport.com/2026/08/10/china-is-balancing-asias-crude-oil-demand-by-itself-russell/): China is singlehandedly doing the heavy lifting of cutting crude oil demand in Asia to compensate for reduced shipments from the Middle East as a result of the Iran war. The world's biggest oil importer reported arrivals of 8.41 million barrels per day (bpd) in July, up from the near decade low of 7.12 million
- [Venture Global misses quarterly estimates as lower LNG prices, higher costs weigh](https://boereport.com/2026/08/11/venture-global-misses-quarterly-estimates-as-lower-lng-prices-higher-costs-weigh/): Venture Global missed analysts' estimates for quarterly revenue and adjusted core profit on Tuesday, as lower LNG prices at its Calcasieu Pass facility and higher operating and borrowing costs offset stronger sales volumes from its Plaquemines project. Shares of the LNG company fell about 7% in premarket trading. Venture Global reported second-quarter adjusted core profit
- [Ukraine's attacks on Russian energy sites — what has been hit?](https://boereport.com/2026/08/11/ukraines-attacks-on-russian-energy-sites-what-has-been-hit-2/): Ukrainian forces have stepped up strikes on Russian energy infrastructure and other sites in what Kyiv says is an effort to deprive Russia of resources to fund its military. Following is a summary of the attacks — starting with the most recent — and their impact: ORSK The Ukrainian military said on Tuesday it had
- [Phillips 66, Kinder Morgan, HF Sinclair approve $5 billion Western Gateway project  ](https://boereport.com/2026/08/11/phillips-66-kinder-morgan-hf-sinclair-approve-5-billion-western-gateway-project/): Phillips 66, Kinder Morgan and HF Sinclair said on Tuesday they have decided to proceed with the proposed $5 billion Western Gateway Pipeline system and finalized a joint venture agreement for the same. Phillips 66 will own 49.9% of the venture, Kinder Morgan 35.1% and HF Sinclair 15%. Companies have been racing to build a
- [US fuel sales to Cuban business bring a glimpse of capitalism to Havana](https://boere