Oil prices were hovering near seven-month highs on Wednesday as the threat of military conflict between the U.S. and Iran that could disrupt supply continued to worry investors as talks between the parties are set for Thursday. Brent futures were up 43 cents, or 0.6%, at $71.20 per barrel at 0400 GMT. WTI futures rose 38 cents, or 0.6%, to $66.01. Brent prices reached their highest since July 31 on Friday, while WTI hit its highest since August 4 on Monday, and both contracts have held [Read more]
News
Senate Democrats blast Trump for failing to use sanctions to pressure Russia
Democrats on the Senate Banking Committee on Tuesday blasted President Donald Trump for failing to ramp up sanctions to pressure Russia to end its four-year war in Ukraine, noting the European Union had designated nearly 900 targets in 2025 compared to just two for the U.S. In an analysis released on the fourth anniversary of Russia's invasion, Democratic staff on the Republican-led panel identified hundreds of potential targets they said Trump could have imposed sanctions on during his first [Read more]
Journey Energy Inc. Announces Year-End 2025 Reserves, Achieves Record Net Asset Value of $1 Billion or $14.17 per Fully Diluted Share
Calgary, Alberta--(Newsfile Corp. - February 24, 2026) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to report its year-end 2025 oil and gas reserves evaluation. 2025 Reserve Report Highlights: Proved developed producing ("PDP") reserves decreased 11% to 31.7 MMboe, with a corresponding decrease of 10% in the net present value discounted at a rate of 10% ("NPV@10%") to $315.2 million. A reduction in forward pricing, for oil in particular, was [Read more]
Pulse Seismic Inc. Reports 2025 Financial Results and Declares Regular and Special Dividends
CALGARY, Alberta, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) is pleased to report its financial and operating results for the year ended December 31, 2025. The audited consolidated financial statements, accompanying notes and MD&A are being filed on SEDAR+ (www.sedarplus.ca) and will be available on Pulse’s website at www.pulseseismic.com. Pulse’s Board of Directors today approved a quarterly dividend of $0.0175 per share and [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 Feb. 24 Contracts Administrator Roska DBO Ft.McMurray Feb. 23 Apprentice Pipefitter Strike Group Prince George Feb. 23 Journeyperson Pipefitter Strike [Read more]
Alberta challenge to federal project review law being heard in court, again
CALGARY - Alberta is taking another run at having a court strike down federal project review legislation. The Alberta Court of Appeal started hearing the province's second challenge to Ottawa's Impact Assessment Act in Calgary on Tuesday. The act sets out a process to review the environmental, economic, health and social effects of proposed projects like ports, mines or pipelines. It been staunchly opposed by oil and gas industry players and former Alberta premier Jason Kenney and other [Read more]
Carney knew of South Bow’s Keystone XL plans before White House meeting, source says
Canadian Prime Minister Mark Carney was aware of oil company South Bow's plans to revive parts of the canceled Keystone XL pipeline to the United States when he floated the idea to U.S. President Donald Trump in October, a source familiar with the matter said on Tuesday. South Bow, the Canadian pipeline company behind the canceled Keystone XL pipeline, is considering reviving some of the already-built line in an expansion project aimed at transporting more Canadian oil to the United States, [Read more]
Topaz announces 2026 guidance and fourth quarter 2025 results including 10% reserves growth and 1.5x reserve replacement
CALGARY, AB, Feb. 24, 2026 /CNW/ - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to provide fourth quarter and annual 2025 financial results. Select financial information is outlined below and should be read in conjunction with Topaz's consolidated financial statements ("Financial Statements") and related management's discussion and analysis ("MD&A") as at and for the three months and year ended December 31, 2025, which are available on SEDAR+ at [Read more]
EOG Resources Reports Fourth Quarter and Full-Year 2025 Results; Announces 2026 Capital Plan
HOUSTON, Feb. 24, 2026 /PRNewswire/ -- EOG Resources, Inc. (EOG) today reported fourth quarter and full-year 2025 results. The attached schedules for the reconciliation of Non-GAAP measures to GAAP measures, along with a related presentation, are also available on EOG's website at http://investors.eogresources.com/investors. Fourth Quarter Highlights Oil, NGLs and natural gas production and total per-unit operating costs better than guidance midpoints Delivered net cash provided by [Read more]
Canada crude-by-rail exports fall to 13-year low in 2025 – CER
Canadian crude oil exports by rail fell to their lowest level since 2012 in 2025, averaging 77,246 barrels per day (b/d), down 13% from 88,664 b/d in 2024, according to data released by the Canada Energy Regulator (CER). Crude-by-rail exports reached a record 411,991 b/d in February 2020. The decline follows the completion of the Trans Mountain Expansion project in May 2024, which alleviated long standing pipeline capacity constraints and allowed more crude to move via pipelines instead of [Read more]
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