NEW YORK, May 27, 2026 /PRNewswire/ -- Kimmeridge, an alternative asset manager focused on the energy sector and the beneficial owner of approximately 7% of the outstanding common shares of Advantage Energy Ltd. (TSX: AAV) ("Advantage" or the "Company"), today issued the following statement regarding Advantage's announced return of capital framework. Mark Viviano, Managing Partner at Kimmeridge, said: "Advantage's latest disclosure is a meaningful step toward a more disciplined, [Read more]
News
Iran war splits global markets into clear winners and losers
Three months since the Iran war began, persistently high oil prices have policymakers grappling with renewed inflation fears, while sliding currencies are a headache for some Asian countries. But the conflict has boosted other assets, especially oil, and the dollar's credentials as a safe-haven. Here's a look at some stand-out winners and losers. OIL'S WIDER IMPACT Oil's roughly 40% jump has upended the outlook for inflation and interest rates. On the physical market, crude prices [Read more]
Oil pulls back as traders look for progress on US-Iran talks
Oil prices eased from recent highs on Wednesday, erasing some of the previous day's 4% gain as traders sought clarity on negotiations between Iran and the U.S. after renewed hostilities set back efforts to reopen the Strait of Hormuz. Brent crude futures fell $1.52, or 1.53%, to $98.06 a barrel as of 0633 GMT, while U.S. West Texas Intermediate (WTI) crude lost $1.90, or 2.02%, to $91.99 a barrel. Oil surged on Tuesday after the U.S. military carried out new strikes in Iran, hurting hopes [Read more]
Steven Guilbeault to announce resignation as member of Parliament on Wednesday
OTTAWA - Former cabinet minister Steven Guilbeault is set to resign as a member of Parliament, sources have told The Canadian Press. Guilbeault is expected to inform the Liberal caucus on Wednesday. Guilbeault has become increasingly disillusioned in recent months by what he has called the dismantling of climate policies under Prime Minister Mark Carney. He quit Carney's cabinet last year after Ottawa's energy deal with Alberta was made public. In November 2025, Carney and Alberta Premier [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 May. 26 Field Production Administrator Roska DBO Grande Prairie May. 26 Safety Manager Teine Energy Ltd. Calgary May. 26 FRACTURING TECHNICAL [Read more]
Reported Germany-Canada LNG deal would bolster investment case for Ksi Lisims: Eby
KANANASKIS - British Columbia Premier David Eby says a deal for Canada to supply liquefied natural gas to Germany makes it more likely the Ksi Lisims project on the West Coast will proceed. Eby made his remarks after multiple outlets reported German firm SEFE is poised to buy gas from the proposed $10-billion plant and export terminal near the border with Alaska. Natural Resources Minister Tim Hodgson is poised to make an announcement "regarding international energy exports" in Vancouver [Read more]
Lycos Energy Inc. Announces Q1 2026 Results and Operations Update
Calgary, Alberta--(Newsfile Corp. - May 26, 2026) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce its operating and financial results for the three months ended March 31, 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 months ended March 31, 2026, copies of which are [Read more]
Canada to sign deal with Germany’s SEFE for Ksi Lisims LNG, source says
Canada will sign a large-scale LNG agreement with Germany's SEFE for liquefied natural gas from the Ksi Lisims planned export facility on the coast of British Columbia, according to an industry source. The agreement, to be announced Wednesday in Vancouver by Natural Resources Minister Tim Hodgson, comes as Ksi Lisims' backers have been working to finalize contracts with purchasers before making an expected final investment decision this year. Ksi Lisims, SEFE and Canada's natural resources [Read more]
Oil cargo from US emergency reserve heads to Asia, first in over 3 years
A cargo of crude oil from the U.S. Strategic Petroleum Reserve is heading to the Philippines, the first shipment of U.S. emergency reserve oil to Asia since November 2022, ship tracking data showed. Asia receives about 80% of its oil through the Strait of Hormuz, a critical chokepoint that has remained largely closed during the three-month-old Iran war. The closure has upended global oil supplies and sent physical crude prices to record highs, forcing some importers to seek new suppliers. The [Read more]
BP’s board snatches defeat from the jaws of victory: Bousso
The sudden ousting of BP Chairman Albert Manifold over allegations of misconduct less than eight months after he took office plunges the British energy giant into its second leadership scandal in less than three years. These repeated leadership misfires suggest BP’s board is quickly becoming a liability. His departure is related to aggressive conduct towards BP staff, which came to light following a whistleblower complaint, according to sources close to the board. Manifold was hired to [Read more]
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