Shell, the world's largest liquefied natural gas trader, has declared force majeure on LNG cargoes it buys from QatarEnergy and sells to its clients worldwide, three sources told Reuters on Wednesday. Qatar, the world's second-largest exporter of LNG, announced a production halt at its 77 million tons per annum (mtpa) facility last week and declared force majeure on LNG shipments. Shell declined to comment. Other Qatari LNG buyers, including TotalEnergies and some Asian companies, have [Read more]
News
SLB Provides Update on Middle East Operations and First Quarter Outlook
HOUSTON--(BUSINESS WIRE)--SLB (NYSE: SLB) continues to closely monitor the unfolding situation in the Middle East and adapt its operations. The safety and security of SLB’s employees is the highest priority, and the company has activated local and regional crisis response teams that are meeting daily. Travel to and transit through the region have been suspended, and the company has begun to demobilize operations in a few countries in response to customer actions to safeguard personnel and [Read more]
Hemisphere Energy Declares Special Dividend and Announces 2025 Year-end Reserves
Vancouver, British Columbia--(Newsfile Corp. - March 11, 2026) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce that its Board of Directors has approved the declaration of a special dividend to shareholders, as well as highlights from its independent reserves evaluation (the "Reserve Report"), prepared by McDaniel & Associates Consultants Ltd. ("McDaniel") and effective as at December 31, 2025. Special Dividend In light [Read more]
Frontera announces definitive agreement with Parex to divest its Colombian E&P assets portfolio for a firm value of approximately $750 million, including $525 million equity consideration
CALGARY, AB, March 10, 2026 /CNW/ - Frontera Energy Corporation (TSX: FEC) ("Frontera" or the "Company") announces it has entered into a definitive arrangement agreement with Parex Resources Inc. (TSX: PXT) ("Parex") (the "Parex Arrangement Agreement"), pursuant to which Parex will acquire Frontera's upstream Colombian exploration and production business (the "Frontera E&P Assets") for an equity consideration of up to $525 million (the "Parex Arrangement" or the "Transaction"), including [Read more]
IEA proposes largest ever oil release from strategic reserves, WSJ reports
The International Energy Agency has proposed the largest release of oil reserves in its history to bring down crude prices that have soared due to the U.S.-Israel war with Iran, the Wall Street Journal reported on Tuesday, citing officials familiar with the matter. The release would exceed the 182 million barrels of oil that IEA member countries put onto the market in two releases in 2022 when Russia launched its full-scale invasion of Ukraine, WSJ said. The IEA is convening an [Read more]
US oil prices up nearly $3 as Middle East crisis constrains supply
U.S. West Texas Intermediate crude oil prices rose by $2.90 per barrel, or 3.5%, to $86.33 in early trade on Wednesday as supplies from the Gulf remain constrained amid the U.S. and Israeli war on Iran. Brent futures start trading at 0100 GMT. WTI rebounded after both contracts plunged by more than 11% on Tuesday, the steepest percentage drop since 2022, a day after U.S. President Donald Trump predicted a quick end to the war. The U.S. and Israel pounded Iran on Tuesday with what the [Read more]
Rubellite Energy Corp. reports fourth quarter 2025 financial and operating results, 2025 year-end reserves, and provides operations update and first quarter 2026 guidance
CALGARY, AB, March 10, 2026 /CNW/ - (TSX: RBY) – Rubellite Energy Corp. ("Rubellite" or the "Company"), is pleased to report its fourth quarter 2025 financial and operating results and select information from the Company's independent year-end 2025 reserve report, evaluated by McDaniel and Associates Consultants Ltd. ("McDaniel") and provide an operations update and guidance for the first quarter of 2026. A copy of Rubellite's audited financial statements, Management Discussion and Analysis [Read more]
New oil and gas jobs from BOE Report Jobs
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 Company Location Mar. 6 Financial Accountant PetroChina Canada Calgary Mar. 6 Temporary Administrative Support in Grande Prairie Roska DBO Grande Prairie Mar. 4 Apprentice [Read more]
Discount on Western Canada Select widens
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Tuesday as global oil prices plummeted after Trump's Middle East de-escalation prediction. WCS for April delivery in Hardisty, Alberta, settled at $12.75 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $12.65 on Monday. * The discount on heavy Canadian crude remains almost a dollar tighter than when the U.S.-Israeli war on Iran [Read more]
CES Energy Solutions Corp. announces record fourth quarter and full year 2025 results with record Adjusted EBITDAC and an increase to its quarterly dividend
CALGARY, AB, March 10, 2026 /CNW/ - CES Energy Solutions Corp. ("CES" or the "Company") (TSX: CEU) (OTC: CESDF) is pleased to announce record financial results for the three and twelve months ended December 31, 2025, along with a 29% increase to the quarterly dividend from $0.0425 to $0.055 per share, which will be paid on April 15, 2026, to the shareholders of record at the close of business on March 31, 2026. Record quarterly revenue of $664.5 million, increased 10% year over year [Read more]
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