U.S. President Donald Trump said he hoped an end to the war against Iran was near, as the conflict, in its seventh month, escalated with Saudi aircraft pounding Yemen and Houthi fighters launching drones and missiles at Saudi cities. The Iran-backed Houthis' lightning advance in Yemen along the Red Sea and their attacks on Saudi Arabia, along with attacks that damaged Saudi Arabia's East-West oil pipeline, have extended Tehran's reach in the war and heightened global oil-supply risks. As [Read more]
News
LNG spot price surge deters Asian buyers, but saves Europe: Russell
Asia's imports of liquefied natural gas are set for the weakest September in eight years as high spot prices deter buyers in China and South Asia. The top-importing continent is expected to see arrivals of 20.09 million metric tons of the super-chilled fuel in September, the lowest for this month since the 19.88 million in September 2018, according to data compiled by commodity analysts Kpler. Asia's imports are down from the 22.27 million tons in September last year, and also a drop from [Read more]
Greenfire Resources Announces Closing of Rights Offering
Calgary, Alberta--(Newsfile Corp. - September 16, 2026) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company") is pleased to announce the successful completion of its previously announced C$775 million offering of rights (the "Rights") to all eligible Greenfire shareholders to purchase additional common shares of the Company (the "Common Shares") which expired at 4:00 p.m. (Calgary time) on September 15, 2026 (the "Rights Offering"). At the completion of the Rights [Read more]
ExxonMobil nears Venezuela oil deal, WSJ reports
ExxonMobil is nearing a preliminary deal to invest in Venezuela's oil fields while negotiating a potential return to the country nearly two decades after its exit, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. ExxonMobil could sign a memorandum of understanding with state-run Petróleos de Venezuela as soon as this month to explore investing in a number of developed and undeveloped fields, according to the report, though the talks could still fall apart [Read more]
Only 2 of these 9 former junior oil and gas companies still remain – How consolidation has reshaped the Canadian E&P universe in 6 short years – StackDX Intel
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]
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]
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