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) crude climbed 72 cents, or 0.87%, to $83.92. Both contracts had risen more than $1 earlier in the session. That followed Tuesday's rises of more than $1 for the [Read more]
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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 Iran war, with Tehran saying the strait would stay closed unless Washington accepted its conditions. Tuesday's tally of eight vessels fell below a 10-day average of [Read more]
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 announce its second quarter 2026 financial and operating results. The Company produced 21,497 boe/d of hydrocarbons, 984 mt/d of sulphur, and [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 Aug. 10 Exploitation Engineer Spartan Delta Corp Calgary Aug. 6 Field Operator Roska DBO Medicine Hat Aug. 6 Plant Operator (7/7, local) Roska DBO Fort St [Read more]
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 10% increase year over year (7% on a per share basis), driven by the Company's successful capital program. Funds from [Read more]
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 equivalent (“BOE”) per day and funds flow of $32.9 million ($0.88 per fully diluted share). During the quarter, the Company brought three Charlie Lake [Read more]
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 in Greenland. Inaccurate information has appeared on various social media platforms. Stampede further confirms that it [Read more]
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 the Company's unaudited condensed interim financial statements and related management's discussion and analysis ("MD&A") as at and for [Read more]
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 related management's discussion and analysis ("MD&A") for the three and six months ended June 30, 2026 and 2025, [Read more]
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 forced oil producers across to Middle East to sharply reduce production, reducing global supply and sending oil prices to multi-year highs. The EIA estimated [Read more]