CALGARY, Alberta, May 12, 2026 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. ("Peyto" or the "Company") (TSX: PEY) is pleased to report record operating and financial results for the first quarter of 2026, and a $0.01 per share (9%) increase to its monthly dividend. Q1 2026 Highlights: Peyto delivered record first quarter production volumes of 147,513 boe/d (777.6 MMcf/d of natural gas, 17,919 bbls/d of NGLs), a 10% increase year over year (7% on a per share basis), driven by [Read more]
News
Union says BP delaying negotiations following Whiting refinery lockout
BP has not resumed contract talks with a U.S. steelworkers’ union since locking out more than 800 workers at its Whiting, Indiana, refinery in March, the union said on Tuesday, accusing the company of delaying negotiations while claiming publicly it wants to bargain. The United Steelworkers said it again sought to restart talks last week but was told BP was unavailable to meet for nearly two weeks. (Reporting by Anmol Choubey in Bengaluru; Editing by Nia Williams) [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. 12 Light Equipment Operator Strike Group Bonnyville May. 12 Apprentice Pipefitter Strike Group Bonnyville May. 12 Journeyperson Pipefitter Strike [Read more]
Discount on Western Canada Select narrows
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed slightly on Tuesday. WCS for June delivery in Hardisty, Alberta settled at $15.90 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, 5 cents higher than Monday's close. * While the discount has narrowed since the start of the month, the differential for heavy Canadian crude remains wider than it was at the beginning of the U.S. war on Iran. * The WCS [Read more]
Freehold Royalties Announces First Quarter 2026 Results
CALGARY, Alberta, May 12, 2026 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces first quarter results for the period ended March 31, 2026. First Quarter Highlights Total production of 15,533 boe/d(1) including crude oil and natural gas liquids production of 10,136 bbls/d, representing a 65% liquids weighting in the quarter; Revenue of $78 million with crude oil and natural gas liquids production accounting for approximately 90% of total revenue; [Read more]
Logan Energy Corp. Announces First Quarter 2026 Results, Provides an Operations Update and Upcoming Board Appointment
CALGARY, AB, May 12, 2026 /CNW/ - Logan Energy Corp. (TSXV: LGN) ("Logan" or the "Company") is pleased to announce its operating and financial results for the three months ended March 31, 2026 and to provide an operations update. Selected financial and operational information set out below should be read in conjunction with the Company's unaudited condensed interim financial statements and related management's discussion and analysis ("MD&A") as at and for the three months ended March [Read more]
US government’s energy arm assumes Strait of Hormuz will stay shut through late May
The U.S. Department of Energy's statistical arm on Tuesday said it assumes that the Strait of Hormuz will be effectively shut through late May and traffic will resume gradually from next month, prompting the agency to hike its forecasts for U.S. motor fuel prices. Iran's chokehold on the Strait of Hormuz in its ongoing war with the U.S. and Israel has upended global energy markets as millions of barrels per day of Middle Eastern energy exports have been stranded, flaming concerns of fuel [Read more]
Iraq, Pakistan strike energy deals with Iran as Tehran flexes Hormuz control
Both Iraq and Pakistan have cut deals with Iran to ship oil and liquefied natural gas from the Gulf, according to five sources with knowledge of the matter, in a demonstration of Tehran's ability to control energy flows through the Strait of Hormuz. The U.S.-Israeli war with Iran has slashed energy exports from a region that normally supplies 20% of the world's crude oil and LNG. The U.S. has blockaded Iranian ports in recent weeks. And though Iran initially sought to halt traffic through the [Read more]
US power use to beat record highs in 2026 and 2027 as AI use surges, EIA says
U.S. power consumption, which hit its second straight annual record high in 2025, will rise further in 2026 and 2027, the Energy Information Administration said in its Short-Term Energy Outlook on Tuesday. The EIA projected power demand will rise from a record 4,195 billion kilowatt-hours (kWh) in 2025 to 4,248 billion kWh in 2026 and 4,379 billion kWh in 2027. Demand is surging due in large part to data centers dedicated to artificial intelligence and cryptocurrency, and as homes and [Read more]
Keyera closes Plains deal despite challenge by federal competition regulator
CALGARY - Keyera Corp. has closed its deal to buy the Canadian natural gas liquids business of U.S. firm Plains All American Pipeline LP despite a challenge launched by the federal competition regulator. The company says it completed the acquisition Tuesday for $5.3 billion including closing adjustments. The Competition Bureau has applied to the Competition Tribunal to challenge the deal alleging it will likely harm energy producers and stifle investment. The key issue is competition at [Read more]
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