Operatives from Iran's Ministry of Intelligence signalled openness to the U.S. Central Intelligence Agency (CIA) to talks on ending the war, the New York Times reported on Wednesday, citing officials briefed on the matter. The offer was made through an unnamed country's spy agency, the NYT said, citing Middle Eastern officials and officials from a Western nation who spoke on condition of anonymity. The White House and the CIA did not immediately respond to a request for [Read more]
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Saudi Aramco’s Ras Tanura struck again by unknown projectile, four sources say
Saudi Aramco's Ras Tanura, which houses its largest domestic refinery and a key crude export terminal, was struck again on Wednesday by an unknown projectile, four sources said, two days after a source said a drone attack on the complex shut the refinery. Initial indications show an attack on the Ras Tanura refinery was carried out by a drone and resulted in no damage, Saudi Arabia's defence ministry spokesman said, according to the state news agency. The agency also cited an energy ministry [Read more]
Asia LNG price surge opens arbitrage from West to replace Qatari supply
Asia's liquefied natural gas prices have jumped, opening up arbitrage opportunities for traders to ship cargoes from the Atlantic to the east to replace Qatari supply lost during the U.S.-Iran war, analysts said. Cargo diversions could intensify competition between the Atlantic and Pacific basins as the Middle East conflict curtails shipments and halts output from Qatar. Asian buyers take more than 80% of Qatar's LNG exports, according to data from analytics firm Kpler. "Global front [Read more]
Hormuz shutdown could force Iraq, Kuwait to curb oil output within days, JP Morgan says
Crude oil supplies from Iraq and Kuwait could start shutting in within days if the Strait of Hormuz remains closed, potentially cutting 3.3 million barrels per day (bpd) by day eight of the Middle East conflict, J.P. Morgan analysts said in a note. Iraq and Kuwait have roughly three and 14 days, respectively, before they would be forced to halt crude exports that pass through the strait, the bank said on Tuesday. The Strait of Hormuz, a narrow, strategically vital waterway between the [Read more]
Bay du Nord agreement advances responsible energy development in Canada
ST. JOHN'S, NL, March 3, 2026 /CNW/ - Canada is a global energy superpower, and the Government of Canada is committed to building on this momentum by developing our natural resources -- driving economic growth; creating well-paying careers; ensuring energy sovereignty and security; and allowing us to deliver reliable, affordable energy to Canadians and our allies. The Newfoundland and Labrador offshore oil and gas industry plays a key role in our economic and energy agenda. Today, it is a [Read more]
Investors, US crude producers scramble to lock in oil price spike
Investors rushed to lock in a spike in oil prices this week, resulting in a record volume of energy futures and options contracts changing hands on Monday, the first trading day after Israel and the U.S.bombed Iran and Tehran retaliated. Hedging provides traders with opportunities to profit in times of volatility, and can help producers reduce risk and protect their production from sharp moves in the market by locking in a price for their oil. Investors traded a record 12.7 million energy [Read more]
Gran Tierra Energy Inc. Announces 2025 Fourth Quarter & Year-End Results
Achieved Average Working Interest Fourth Quarter Production of 46,344 BOEPD Realized 2025 Adjusted EBITDA1 of $284 Million Delivered Net Cash Provided by Operating Activities of $313 Million, up 31% from 2024 Generated 2025 Funds Flow from Operations1 of $178 Million Seventh Consecutive Year of South American Reserves Growth With Over 100% Reserve Replacement PDP & 2P Achieved Company’s Best Safety Performance on Record in 2025 Subsequent to Year-End Completed a Bond [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. 3 Field Operator Roska DBO Fox Creek Mar. 3 Field Operator Roska DBO Grande Prairie Feb. 27 Buyer Roska DBO Calgary Feb. 26 3rd Class Power [Read more]
Discount on Western Canada Select narrows again as Iran war restricts Middle East supplies
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed again on Tuesday as the U.S.-Israeli war on Iran continues to tighten global sour spreads. WCS for April delivery in Hardisty, Alberta, settled at $12.40 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $12.70 on Monday. * The WCS differential has narrowed by $1.25 a barrel since the start of the week and the beginning of the Iran [Read more]
S&P/TSX composite tumbles 2 per cent, U.S. markets also down on Mideast war fears
TORONTO - Canada's main stock index dived, then pared back some of its losses to finish the day 2.2 per cent lower on Tuesday as investors worried about a widening of the war between Iran and the United States and Israel. “The big fear with this conflict, the social ramifications aside, is what's the impact going to be on energy and oil prices and how is that going to potentially translate into inflation?” said Michael Greenberg, head of Americas portfolio management at Franklin Templeton [Read more]
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