We came across an old overview table the other day from the spring of 2020. It listed publicly traded Canadian oil and gas producers covered by a research firm at the time. You'd hardly recognize the list today. Only two of the nine junior producers remain as independent public companies. Half of the small intermediates are gone, and half of the large intermediates have also been consolidated. The list is by no means exhaustive (apologies to those companies not on here!). Many small and [Read more]
News
Precision Drilling Announces Renewal of Normal Course Issuer Bid
CALGARY, Alberta, Sept. 16, 2026 (GLOBE NEWSWIRE) -- This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. Precision Drilling Corporation (Precision or the Company) (TSX: PD; NYSE: PDS) announced today [Read more]
Continental Resources Signs Memorandum of Understanding with Petróleos de Venezuela, S.A. (PDVSA) to Operate and Develop the Ayacucho 2 Block in Venezuela’s Orinoco Belt
OKLAHOMA CITY, Sept. 16, 2026 /PRNewswire/ -- Continental Resources, Inc. (Continental) today announced the signing of a Memorandum of Understanding (MOU) with PetrÓleos de Venezuela, S.A. (PDVSA) to operate and develop the Ayacucho 2 Block in Venezuela's Orinoco Oil Belt, one of the world's most prolific oil-producing regions. The parties intend to advance a long-term Contrato de ParticipaciÓn Productiva (CPP) agreement in the coming weeks. Following the Trump Administration's call for [Read more]
National Fuel Gas explores options for $5 billion natural gas production business, sources say
U.S. energy firm National Fuel Gas is exploring strategic options for its integrated natural gas production business, with any deal set to value the unit at around $5 billion, five people familiar with the matter said. The Williamsville, New York-based company, which traces its roots back to 1902 as a carve-out from John D. Rockefeller's Standard Oil, is working with advisers including investment bankers at Goldman Sachs to study a wide range of scenarios for the business, which consists of [Read more]
Two pumping stations along Saudi East-West Pipeline damaged in recent attack, sources say
Two pumping stations serving the vital East-West Pipeline in Saudi Arabia were damaged in an attack last week, with a repair timeline unclear, according to assessments from three oil and security sources. Saudi Aramco, which operates the 1,200 km (745-mile) pipeline running across the Arabian Peninsula, did not respond to a request for comment. Saudi Arabia's government media office did not immediately respond to a request for comment. The pipeline, which has helped relieve the logjam in [Read more]
EU chief wants Canada to become an ‘associate member’. What does that mean?
European Commission President Ursula von der Leyen said on Wednesday she wanted to open the door for Canada to become the European Union's first "associate member". Earlier this week, Canada's Prime Minister Mark Carney — who was in Strasbourg to listen to von der Leyen's annual State of the Union address — said Canada was seeking a "unique alliance" with the EU but not membership. WHAT MIGHT THE NEW RELATIONSHIP INVOLVE? There is currently no such status as "associate member" set out [Read more]
US Energy Secretary: 18 mln barrels of oil flowed through Gulf
U.S. Energy Secretary Chris Wright said 18 million barrels of oil flowed through the Gulf on Tuesday. "We've risen the flow of oil out of the Persian Gulf to record highs right now. About 18 million barrels flowed out yesterday, basically pre-conflict levels," Wright said in an interview Wednesday with Fox News. (Reporting by Kat Jackson; Editing by Doina Chiacu) [Read more]
US crude stocks fall on strong exports, fuel inventories rise, EIA says
U.S. crude stocks fell amid strong exports while gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday. Crude inventories fell by 640,000 barrels to 423.4 million barrels in the week ended September 11, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.6 million-barrel draw. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 342,000 barrels in the week, the EIA said. "Given the demand that is well [Read more]
Houthi blitz leaves Saudi Arabia exposed, Iran emboldened
The Houthi capture of ground overlooking the Bab el-Mandeb Strait has dealt Saudi Arabia its gravest setback in Yemen in years, exposing intelligence failures, the collapse of Yemeni allies and the limits of U.S. protection. A Houthi advance this week along the Red Sea coast and the capture of islands at the mouth of the strait, a vital artery for global oil supplies, has also left the kingdom scrambling for backing as Iran and its allies expand their reach. Senior Western, regional and [Read more]
US oil and gas producer to unveil Venezuela investment, energy secretary says
A U.S. oil and gas producer will announce a major investment into Venezuela on Wednesday, U.S. Energy Secretary Chris Wright told Fox News. Foreign oil producers are migrating joint ventures and production sharing contracts in Venezuela as part of a sweeping energy reform, while new entrants - mostly U.S.-based firms - are committing to development projects in the OPEC country encouraged by a Washington-supported $100 billion reconstruction plan for the industry. Oklahoma City-based [Read more]
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