President Donald Trump's plan to secure direct U.S. access to a large share of Venezuela's vast oil reserves could end up derailing the country's long-awaited petroleum revival by stifling competition, distorting markets and deterring the foreign investment needed to rebuild the South American nation’s battered energy industry. The plan unveiled on Monday would see Washington acquire a 35% equity stake in private oil firm North American Blue Energy Partners (NABEP), which is controlled by [Read more]
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Two oil tankers hit mines and were disabled, Iran’s Revolutionary Guards say
Two oil tankers hit sea mines and were disabled while attempting to transit the Strait of Hormuz, Iran's Revolutionary Guards said on Wednesday, in a statement shared by state media. The statement said the tankers had been forced to disembark their crews and were placed in the hands of U.S. operatives to pass through what it called an "illegal route" in the strategic waterway, despite earlier warnings from the Guards' navy about the dangers of crossing the mined passage. (Reporting by [Read more]
What are Iran’s options to retaliate as open warfare resumes with the US?
The United States launched a new wave of attacks on Iran late on Tuesday six months into a deadlocked conflict, prompting Iranian missile fire at what it called U.S. assets in Jordan, Bahrain, Kuwait and Iraq. Here are other ways Iran might retaliate if the conflict continues to escalate or a U.S. campaign to choke off Iran's economy intensifies. IRAN COULD EXPAND ATTACKS ON GULF STATES Iran has repeatedly struck at its neighbours in response to U.S. attacks and threatened to retaliate [Read more]
Efficiency or resilience? Democracies can only pick one: Joachim Klement
Efficiency has long been the prime objective of business and government policy. But the pandemic, trade wars and armed conflicts have called this into question, stressing the importance of resilience. Yet this too comes with a cost, and it’s one many elected leaders aren’t eager to pay. For generations, students of microeconomics and business have been taught that a firm should use scarce resources efficiently to maximise profits and shareholder value. The post-Cold War era became the [Read more]
US energy secretary says Venezuela oil output to more than double in next few years
U.S. Energy Secretary Chris Wright said on Tuesday after landing in Venezuela that deals that oil companies from the U.S. and other countries sign tomorrow in Caracas will lead to a more than doubling of crude production in the next few years. Wright is on a one-day trip to the founding OPEC member, his second since U.S. forces seized Venezuela's leader Nicolas Maduro in January. Venezuelan oil production peaked above 3 million barrels per day in the late 1990s but plummeted after that on [Read more]
Venezuela’s oil exports almost unchanged at 1.17 million bpd in Aug, data shows
Venezuela's oil exports remained almost unchanged in August at 1.17 million barrels per day, with a larger flow to India and Europe compensating for lower shipments to the U.S., its main market, according to documents and vessel monitoring data on Tuesday. The number of tankers lining up to load and their average waiting time increased last month as the poor condition of state-run PDVSA's terminals and crude quality issues caused longer delays, a roadblock on a U.S. plan to quickly boost the [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 Aug. 31 Journeyperson Instrumentation Technician Strike Group All Areas Aug. 31 Mechanic Silverline Oilfield Services Virden Aug. 31 Environmental Inspector [Read more]
Journey Announces Closing of Northwest Assets Disposition
Calgary, Alberta--(Newsfile Corp. - September 1, 2026) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to announce the closing of its previously announced disposition. The assets sold include the Ante Creek pool and the Pine Creek gas field as well as certain of Journey's minor properties in Northwest Alberta. The Assets are currently producing approximately 1,170 boe/d (68% liquids) and carry end-of-life costs of approximately $31 million. The proceeds [Read more]
Tourmaline declares quarterly dividend
CALGARY, AB, Sept. 1, 2026 /CNW/ -- Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.50 per common share. The dividend will be payable on September 29, 2026 to shareholders of record at the close of business on September 15, 2026. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. Reader [Read more]
TSX down nearly 450 points as oil prices rise, U.S. stock markets also lower
TORONTO - Canada’s main stock index fell nearly 450 points, while U.S. markets were also negative and oil prices rose amid more U.S. military strikes on Iran. The U.S. military hit targets in Iran on Tuesday after it said Tehran tried to attack commercial ships and American forces in the Middle East, as hostilities flare once again in an intermittent war that has lasted more than six months. The U.S. strikes, and others on Sunday, abruptly ended a month without military action and threaten to [Read more]