Natural gas touches almost every corner of the U.S. economy, fuelling power plants, homes, factories and the booming LNG export sector. But the supply needed to meet all those uses is coming from an ever-narrower slice of America's shale patch. This mismatch between a widening band of consumers and a shrinking supply base means the U.S. natural gas market is heading for a potential structural crunch that could trigger bouts of supply stress and price volatility. Higher gas prices, however, [Read more]
News
Bahrain circulates revised UN Hormuz draft, drops binding enforcement
Bahrain has circulated a revised U.N. Security Council draft resolution on protecting commercial shipping in and around the Strait of Hormuz, retaining language authorising “all necessary means” but dropping an explicit reference to binding enforcement. Shipping through the waterway, through which roughly a fifth of global oil supplies pass and which underpins Gulf economies, has already slowed to a near-halt after Iran struck vessels amid its conflict with the United States and [Read more]
New BP CEO takes helm pledging consistency, staff note shows
BP's new CEO Meg O'Neill told employees on Wednesday she would offer consistency while accelerating the group's performance, a year after BP pivoted its strategy firmly back to oil and gas, according to a staff note seen by Reuters. O'Neill started the job on Wednesday as BP's fourth CEO since 2020 and its first external hire for the role in more than a century. She is the first woman to lead a top-five oil major. Formerly of Australia's Woodside Energy and Exxon Mobil, O'Neill arrives as BP [Read more]
Iranian missile hit oil tanker in Qatari waters, Qatar says
An oil tanker leased to state-owned QatarEnergy was hit by an Iranian cruise missile on Wednesday in Qatari waters, the defence ministry said. Qatar was targeted by three cruise missiles coming from Iran, two were intercepted while the third hit the Aqua 1 fuel oil tanker, but caused no casualties. The vessel, located 17 nautical miles (31 km) north of Qatar's Ras Laffan industrial hub, the site of the world's largest gas plant, sustained damage above the waterline but no environmental [Read more]
Iran war is both a boost and a threat to Australia’s LNG: Russell
The U.S. and Israeli war against Iran has changed the global market for liquefied natural gas (LNG), providing a boost to producers outside the Middle East that will likely last long after the current conflict ends. One of the major beneficiaries is Australia, which last year slipped to the third-largest exporter of the super-chilled fuel behind the United States and Qatar. But the effective closure of the Strait of Hormuz has shut off Qatar's LNG exports, meaning that it will likely lose [Read more]
Lotus Creek Exploration Inc. Announces February Operational Update to Shareholders
Calgary, Alberta--(Newsfile Corp. - March 31, 2026) - Lotus Creek Exploration Inc. (TSXV: LTC) ("Lotus Creek" or the "Company") is pleased to announce that the February Operational Update to Shareholders has been posted to the Company's website and can be accessed via the following link: February Operational Update FOR FURTHER INFORMATION ABOUT LOTUS CREEK, PLEASE CONTACT: Kevin Johnson President & CEO 403-538-8435 Email: info@lotuscreek.ca Website: [Read more]
Cavvy Energy Announces Exercise of Warrants
Not For Distribution to United States News Wire Services or Dissemination in United States CALGARY, Alberta, March 31, 2026 (GLOBE NEWSWIRE) -- Cavvy Energy Ltd. (“Cavvy” or the “Company”) (TSX:CVVY) announces the cashless exercise of common share purchase warrants (the “Warrants”) by PCEP Canadian Holdco, LLC. (“PCEP”). The Warrants were issued to PCEP in 2023 and 2024 in connection with debt financing to Cavvy, then Pieridae Energy Limited. The Warrants, totalling 19,804,414, have been [Read more]
Prairie Provident Resources Announces Fourth Quarter and Year-End 2025 Financial and Operating Results and 2025 Year End Reserves
CALGARY, Alberta, March 31, 2026 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") (TSX:PPR) announces its financial and operating results for the fourth quarter and year ended December 31, 2025, along with its year-end reserves. Prairie Provident's audited annual consolidated financial statements and related Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2025, and Annual Information Form dated March 31, 2026 containing [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 Mar. 30 Journeyperson Industrial Electrician Strike Group Saskatoon Mar. 30 Junior and Intermediate Measurement Specialists Blue Chip MRC and Field Services Grande [Read more]
Alberta’s Smith says two early deadlines for energy MOU with Carney will be missed
EDMONTON - Alberta Premier Danielle Smith says a deadline for reaching two agreements connected to her landmark energy deal with Ottawa will be missed. The November memorandum of understanding outlined a number of commitments and steps both levels of government would take to eventually see a new bitumen pipeline built connecting Alberta to B.C. tidewater. It set an April 1 deadline for four key arrangements that would be needed before a pipeline gets the greenlight, and Smith and Prime [Read more]
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