Oil extended gains on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Tehran launched strikes on U.S. infrastructure in the region. Brent futures climbed 99 cents, or 1.2%, to $85.72 a barrel at 0400 GMT. West Texas Intermediate futures gained 64 cents, or 0.8%, to $79.98 a barrel. Oil prices closed up 2% at a one-month high on Tuesday as attacks exacerbated a supply disruption in the Strait of Hormuz, through which about a fifth of the world's oil [Read more]
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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. 9 Electrical Foreman (Local) Strike Group Edmonton Jul. 9 Journeyperson Pipefitter Strike Group All Areas Jul. 9 Millwright Supervisor Strike Group All [Read more]
Lotus Creek Exploration Inc. Announces Stock Option Grant
Calgary, Alberta--(Newsfile Corp. - July 14, 2026) - Lotus Creek Exploration Inc. (TSXV: LTC) ("Lotus Creek" or the "Company") announces that pursuant to the terms and conditions of the Company's stock option plan, the Lotus Creek Board of Directors has approved the grant of 137,700 stock options to certain Directors and Officers. The stock options expire 30 business days following the date of vesting and are exercisable at a price of $3.13 per common share. The stock options vest as to [Read more]
Canada-wide arrest warrant issued for man exposed in Panama Papers
OTTAWA - A Canada-wide arrest warrant has been issued for a British Columbia man charged with tax evasion who was exposed in the Panama Papers. In 2019, the CRA said it had identified nearly 900 Canadian individuals and corporate entities in a 2016 leak of information from a Panamanian law firm that reported hundreds of billions of dollars sheltered in tax havens around the world, at the expense of numerous countries' treasuries. Properties tied to Wentao Yang and his wife, Rong Catherine [Read more]
LNG Canada offers five First Nations option to invest up to C$1 billion in Phase 2 storage tank
LNG Canada said on Tuesday five First Nations will have an equity option to invest up to C$1 billion ($710.78 million) to acquire a storage tank planned to be built in a proposed expansion of the country's first major LNG export facility. First Nations, Canada's indigenous peoples groups, have been buying stakes in the country's energy projects seeking economic benefits from projects built on their land, amid rising capital requirements for companies in the sector. * Under the agreement, MNT [Read more]
Landmark Indigenous Equity Option Creates Potential for One of Canada’s Largest Indigenous Ownership Stakes in Energy Infrastructure at LNG Canada
KITIMAT, BC, July 14, 2026 /CNW/ - LNG Canada and its Joint Venture Participants (JVPs) today announced a historic equity option agreement with MNT Investments LP, a limited partnership of the economic development organizations of five First Nations neighbouring LNG Canada's operations: Gitga'at First Nation, Gitxaała Nation, Haisla Nation, Kitselas First Nation and Kitsumkalum. The agreement provides MNT Investments LP the opportunity to invest up to $1 billion (CAD) [Read more]
Iran will exercise its sovereignty over the Strait of Hormuz whatever it costs, deputy foreign minister says
The Strait of Hormuz is part of Iran's national security and it will exercise its sovereignty over it what ever that costs, Iran's Deputy Foreign Minister Kazem Gharibabadi said in interview with state TV on Tuesday. Tehran currently has no commitments when it comes to the Islamabad MoU signed with the United States, he added. (Reporting by Elwely Elwelly, Yoman Ehab and Muhammad Al Gebaly) [Read more]
ARC shareholders approve USD$16.4 billion Shell takeover deal
ARC Resources said on Tuesday its shareholders have voted in favor of being acquired by Shell, clearing another step for one of this year's biggest energy sector deals. Shell agreed earlier this year to acquire the Canadian natural gas producer in a $16.4 billion deal, as it seeks to expand its natural gas portfolio in North America. ARC said 99.54% of votes cast at a special shareholder meeting supported the deal. It added that several regulatory approvals had already been obtained, [Read more]
ARC Resources shareholders approve Shell’s $22B acquisition proposal
CALGARY - ARC Resources Ltd. says its shareholders have voted in favour of a previously announced plan that would see global energy heavyweight Shell PLC acquire the Calgary-based natural gas producer. The deal, announced in April, is valued at $22 billion, accounting for the target company's debt. It would give Shell access to ARC's holdings in the prolific Montney shale formation that last year produced 374,000 barrels of oil equivalent per day. ARC says 99.54 per cent of voting [Read more]
Iraq needs a fair share within OPEC, says prime minister
Iraq's Prime Minister Ali al-Zaidi said on Tuesday that Iraq needed a fair share within OPEC after he was asked by reporters whether he was considering leaving the oil producer group. Zaidi is on a trip to Washington as he aims to secure major U.S. investment in his country's oil, gas, and power sectors after the Iran war hammered crude output and state finances. "Iraq is one of the founding members of OPEC... Our right is to receive a fair share for Iraq," he told reporters at the White [Read more]
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