Achieved Total Company Average Second Quarter Production of 41,501 BOEPD1 Net Income of $25 Million, Adjusted EBITDA2 of $85 Million and Positive Free Cash Flow Announcement of Prospective and Contingent Resource Report on Dawson Clearwater and Mount Head Areas in Canada Completed Suroriente Capital Carry Improving Profitability of the Block Announcement of the Disposition of Lodgepole Assets for C$12.8 Million Satisfied the Conditions Precedent for Tisquirama Contract Providing [Read more]
News
Trump says US held ‘all-day negotiation’ with Iran on Tuesday
U.S. President Donald Trump said there was an "all-day negotiation" on Tuesday with Iran, characterizing the talks positively while also threatening to hit Iran "really hard" if a deal with Tehran was not reached. DETAILS AND QUOTES: * "They had an all-day negotiation," Trump told Fox News' "@ Night" show. * "We are having very good discussions," he added. * Qatar said on Tuesday mediators were making progress in efforts to end the Iran war, although Tehran has denied Trump's [Read more]
Oil steadies after two-day slump as investors eye Hormuz traffic
Oil steadied on Wednesday after steep falls in the previous two trading sessions, as investors waited to see if efforts to end the U.S.-Iran war and restore traffic through the blockaded Strait of Hormuz were making progress. Brent crude futures rose 26 cents, or about 0.33%, to $79.62 a barrel by 0110 GMT. U.S. West Texas Intermediate futures rose 0.16%, or 12 cents, to $75.90 a barrel. Qatar said on Tuesday mediators were making progress in efforts to end the war, driving oil prices [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 Jul. 31 Journeyperson Maintenance Electrician Strike Group Calgary Jul. 31 Journeyperson Maintenance Electrician Strike Group Edmonton Jul. 31 Journeyperson [Read more]
Canada’s Suncor beats quarterly profit estimates on higher prices, refining margins
Suncor Energy on Tuesday beat second-quarter adjusted profit estimates as higher crude price realizations and stronger refining margins offset weaker upstream production. Higher oil prices and fuel margins lifted earnings across Canada's oil patch as conflict in the Middle East supported crude markets. Calgary, Alberta-based Suncor said oil sands adjusted operating earnings rose to C$2.592 billion from C$926 million a year ago, while refining and marketing adjusted operating earnings increased [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. WCS for September delivery in Hardisty, Alberta, settled at $14.80 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $14.25 on Friday. Monday was a holiday in Canada. * The discount remains significantly wider than it was in June, after traffic through the Strait of Hormuz picked up in July and also due to the ongoing weakness in [Read more]
Suncor Energy reports second quarter 2026 results
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and derived from the company's condensed consolidated financial statements which are based on Canadian generally accepted accounting principles (GAAP), specifically International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), and are prepared in accordance with International Accounting Standard (IAS) 34 Interim Financial Reporting. Production [Read more]
Suncor Energy declares dividend
All financial figures are in Canadian dollars. Calgary, Alberta--(Newsfile Corp. - August 4, 2026) - Suncor Energy's (TSX: SU) (NYSE: SU) Board of Directors has approved a quarterly dividend of $0.60 per share on its common shares, payable September 25, 2026 to shareholders of record at the close of business on September 4, 2026. Suncor Energy - Canada's leading integrated energy company Suncor's operations span the full energy value chain, including oil sands mining and in situ [Read more]
AKITA announces successful integration of Fox Drilling and second quarter results.
CALGARY, AB, Aug. 4, 2026 /CNW/ -- AKITA Drilling Ltd. (TSX: AKT) The second quarter marked a transformative period for AKITA, culminating in the June 30, 2026 acquisition of Fox Drilling and the completion of the Company's share restructuring. Since closing, AKITA has made strong progress integrating Fox's high-specification triple drilling rigs, employees and operations into its Canadian business. At the same time, the elimination of AKITA's dual-class share structure and the [Read more]
US shale producer EOG Resources beats quarterly profit estimates on higher crude prices
U.S. shale producer EOG Resources beat analysts' estimate for second-quarter profit on Tuesday, helped by a surge in crude prices. Concerns that the war in Iran, which erupted in late February, could disrupt Middle East oil supplies through the Strait of Hormuz sent crude prices sharply higher. Brent averaged $126.41 a barrel in April, compared with $69.82 in January. WTI rose to $109.64 from $65.17 during the period. EOG said the average realized price for oil production rose to $98.15 [Read more]
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