Glencore earned 66 times more from energy trading in the first half of 2026 than it did a year earlier, joining other major commodity traders profiting from market turmoil created by the Iran war. Glencore booked $2.66 billion in first-half adjusted earnings before interest and taxes (EBIT) from trading on Wednesday, up from just $40 million a year earlier. U.S. President Donald Trump on Monday accused oil majors ExxonMobil and Chevron of making "too much money" with high gasoline prices a [Read more]
News
InPlay Oil Corp. Announces Strategic Accretive Acquisition in Core Area and Updated Guidance
CALGARY, AB, Aug. 5, 2026 /CNW/ -- InPlay Oil Corp. (TSX: IPO) (TASE: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to announce that it has entered into a definitive agreement today to acquire a private oil and gas producer for cash consideration of $54.25 million, prior to closing adjustments (the "Acquisition"). The Acquisition supports InPlay's long-term strategy of building a disciplined and sustainable light oil focused growth company. The Acquisition builds on [Read more]
Rockpoint Reports First Quarter Fiscal 2027 Results and Declares Quarterly Dividend
CALGARY, AB, Aug. 5, 2026 /CNW/ -- Rockpoint Gas Storage Inc. ("Rockpoint", or the "Company") (TSX: RGSI) today announced its results for the first quarter of fiscal 2027, ended June 30, 2026. All financial figures in this press release are presented in United States dollars ("USD"), unless otherwise noted. "Rockpoint continues to focus on maximizing returns from its assets, growing contracted Fee-for-Service cash flows, and advancing capital-efficient brownfield [Read more]
Gran Tierra Energy Inc. Announces Agreement to Sell its Colombia and Ecuador Business to Maurel & Prom and Reposition the Company for Fully Financed Growth
Sale of the Company’s Colombia and Ecuador Oil Business, Representing All of Its South American Assets, to Maurel & Prom Representing a Total Consideration of $1.33 Billion Continuing Company to Have an Estimated Pro-Forma PDP Net Asset Value (NPV10 BT) of Approximately $12.49 per Share (fully diluted), Representing a Premium of Approximately 83% to Gran Tierra’s 20-Day Volume Weighted Average Price Purchaser to Assume Substantially All of the Company’s Net Liabilities, Positioning Gran [Read more]
Gran Tierra Energy Inc. Reports Second Quarter 2026 Results
Achieved Total Company Average Second Quarter Production of 41,501 BOEPD1 Net Income of $25 Million, Adjusted EBITDA2 of $85 Million and Positive Free Cash Flow Announcement of Prospective and Contingent Resource Report on Dawson Clearwater and Mount Head Areas in Canada Completed Suroriente Capital Carry Improving Profitability of the Block Announcement of the Disposition of Lodgepole Assets for C$12.8 Million Satisfied the Conditions Precedent for Tisquirama Contract Providing [Read more]
Trump says US held ‘all-day negotiation’ with Iran on Tuesday
U.S. President Donald Trump said there was an "all-day negotiation" on Tuesday with Iran, characterizing the talks positively while also threatening to hit Iran "really hard" if a deal with Tehran was not reached. DETAILS AND QUOTES: * "They had an all-day negotiation," Trump told Fox News' "@ Night" show. * "We are having very good discussions," he added. * Qatar said on Tuesday mediators were making progress in efforts to end the Iran war, although Tehran has denied Trump's [Read more]
Oil steadies after two-day slump as investors eye Hormuz traffic
Oil steadied on Wednesday after steep falls in the previous two trading sessions, as investors waited to see if efforts to end the U.S.-Iran war and restore traffic through the blockaded Strait of Hormuz were making progress. Brent crude futures rose 26 cents, or about 0.33%, to $79.62 a barrel by 0110 GMT. U.S. West Texas Intermediate futures rose 0.16%, or 12 cents, to $75.90 a barrel. Qatar said on Tuesday mediators were making progress in efforts to end the war, driving oil prices [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 Jul. 31 Journeyperson Maintenance Electrician Strike Group Calgary Jul. 31 Journeyperson Maintenance Electrician Strike Group Edmonton Jul. 31 Journeyperson [Read more]
Canada’s Suncor beats quarterly profit estimates on higher prices, refining margins
Suncor Energy on Tuesday beat second-quarter adjusted profit estimates as higher crude price realizations and stronger refining margins offset weaker upstream production. Higher oil prices and fuel margins lifted earnings across Canada's oil patch as conflict in the Middle East supported crude markets. Calgary, Alberta-based Suncor said oil sands adjusted operating earnings rose to C$2.592 billion from C$926 million a year ago, while refining and marketing adjusted operating earnings increased [Read more]
Discount on Western Canada Select widens
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Tuesday. WCS for September delivery in Hardisty, Alberta, settled at $14.80 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $14.25 on Friday. Monday was a holiday in Canada. * The discount remains significantly wider than it was in June, after traffic through the Strait of Hormuz picked up in July and also due to the ongoing weakness in [Read more]
- « Previous Page
- 1
- …
- 12
- 13
- 14
- 15
- 16
- …
- 3811
- Next Page »