On February 10, 2026, FTI Consulting Canada Inc. (the “Receiver”) was appointed receiver and manager of Halo Exploration Ltd. (“Halo” or the “Company”) pursuant to an order of the Court of King’s Bench of Alberta. Halo is a private, Alberta-based junior exploration and production company holding a 100% working interest in a large, contiguous land position in the Kaybob Montney and Duvernay light oil fairways (January production of 379 boe/d). The Company’s asset base includes existing [Read more]
News
Oil prices keep climbing as expanding conflict heightens supply risks
Crude oil benchmarks rose about 8% on Tuesday, soaring for a third session as the U.S.-Israeli conflict with Iran widens, disrupting fuel shipments and heightening fears of further Middle East oil and gas supply disruption. Brent crude futures were up $6.05, or 7.8%, at $83.79 a barrel by 1143 GMT after touching their highest since July 2024 at $85.12. U.S. West Texas Intermediate crude gained $5.31, or 7.5%, to $76.54 after hitting its highest since June at $77.53. The U.S. and Israeli [Read more]
Global energy costs soar as Iran crisis disrupts shipping, oil and gas production
Global oil and gas prices jumped on Tuesday as the U.S.-Israeli war on Iran halted energy exports from the Middle East, with Tehran attacking ships and energy facilities, closing navigation in the Gulf and forcing production stoppages from Qatar to Iraq. Oil prices have risen more than 15% since Friday and the benchmark Brent Crude contract gained 6% on Tuesday to above $82 per barrel, the highest since July 2024, while European gas prices have soared 40% adding to a 40% surge on Monday. Sugar, [Read more]
Iran’s strikes on Gulf states may widen war against Tehran, analysts say
Iranian airstrikes on Gulf states could push them into a broad coalition aligned with the United States and widen the war against Iran, Middle East analysts said, after attacks on ports, cities and oil facilities in a vital energy-producing region. By striking at the Gulf’s economic lifelines in its response to U.S. and Israeli airstrikes on Iran, Tehran may be driving wary Gulf states closer to Washington and towards coordinated action against the Islamic Republic, the analysts said. The [Read more]
Branded Energy Solutions Proposes National Remediation Program (“NRP”) to expedite and fund wellsite cleanup; Principles Based on Historical Transfer and Equalization Payments
The following article is paid content that was submitted to us by a third party. It was not written by the BOE Report or Stack Technologies Ltd., and we did not participate in its creation. The views, opinions, claims, and representations expressed in this article are solely those of the author and do not necessarily reflect the views or positions of the BOE Report or Stack Technologies Ltd. On December 22 2025, The Fraser Institute published commentary stating that "from 2007 to 2022, [Read more]
Paramount Resources Ltd. Announces Fourth Quarter and Annual 2025 Results, Increased 2026 Production Guidance and Expanded Land Positions
CALGARY, AB, March 3, 2026 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce its fourth quarter and annual 2025 financial and operating results, highlighted by fourth quarter sales volumes of 46,973 Boe/d (53% liquids) and adjusted funds flow of $140 million, annual capital expenditures of $789 million and strong reserves growth. The Company is also pleased to announce that it is increasing 2026 production guidance due to the performance of [Read more]
A full Strait of Hormuz blockage and 20% fall in supply could push oil over $100/bbl, Commerzbank says
If the Strait of Hormuz were completely blocked, causing supply to fall by 20%, the oil price would likely rise to over $100 per barrel, Commerzbank said in a note on Tuesday. The bank also added that a prolonged conflict could lead to supply difficulties and bottlenecks for aluminium, with a corresponding impact on prices. (Reporting by Anjana Anil in Bengaluru) [Read more]
Netanyahu says US-Israeli war on Iran ‘not going to take years’
Israeli Prime Minister Benjamin Netanyahu said the war against Iran was "not going to take years", as the conflict widened with Israel again attacking the Iranian-backed Hezbollah militia in Lebanon and Iran striking Gulf states that host U.S. bases. U.S. President Donald Trump, who launched strikes on Iran together with Israel on Saturday, initially projected the war to last four to five weeks, but has since sought to justify a broad, open-ended war. In the meantime, Iran has launched [Read more]
Goldman Sachs raises gas price forecasts on Qatar LNG disruption
Goldman Sachs raised its TTF gas price forecast for the second quarter of this year to 45 euros per Megawatt-hour (MWh) from 36 euros per MWh previously, it said in a note dated on Monday. The bank, citing disruptions to Qatar's liquefied natural gas (LNG) production, also raised its April 2026 TTF gas price forecast to 55 euros per MWh from 36 euros per MWh previously. "We also raise our prompt Apr 26 JKM gas price forecast to $20/mmbtu from $11.90," Goldman said. (Reporting by Noel [Read more]
Exxon, TotalEnergies output at risk from Iran war, analysts say
Exxon Mobil, TotalEnergies and Shell are among the companies with more exposure to disruptions in oil and gas production due to the U.S.-Israel war with Iran, analysts said in research notes on Sunday and Monday. The U.S. and Israel's strikes on Iran on Saturday, which killed Iran's supreme leader Ayatollah Ali Khamenei, have roiled the energy sector. The conflict has forced the shutdown of some oil and gas fields in the region and effectively halted shipping through the Strait of Hormuz, an [Read more]
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