TotalEnergies will halve share buybacks in the first quarter, it said on Wednesday, as low oil and gas prices negated soaring fourth-quarter profit from refining fuels and proceeds from renewable assets stake sales. The French oil major's fourth-quarter adjusted net income fell to $3.8 billion (3.2 billion euros) from $4.4 billion a year earlier. Analysts had expected $3.9 billion, according to a consensus compiled by LSEG. It said it will reduce its first-quarter buyback to $750 million [Read more]
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Oil gains on US–Iran tensions, better India demand
Oil prices gained on Wednesday, buoyed by escalating risk as U.S.–Iran talks remained tenuous, while signs of an easing surplus spurred by better demand support from India also added strength. Brent crude oil futures were up 55 cents, or 0.80%, at $69.35 a barrel by 0356 GMT. U.S. West Texas Intermediate crude rose 57 cents, or 0.89%, to $64.53. "Oil retains a bullish tail-risk bid as US-Iran talks continue but remain fragile, keeping the Strait of Hormuz risk premium supported amid ongoing [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. 9 Project Controller Strike Group High Level Feb. 6 FRACTURING OPERATOR – (HNT) Trican Well Service Ltd. Hinton Feb. 5 Entry Level Draftsperson Strike [Read more]
US issues license authorizing oil and gas exploration and production in Venezuela, Treasury says
The U.S. Treasury Department on Tuesday issued a general license authorizing the provision of U.S. goods, technology, software or services for the exploration, development or production of oil and gas in Venezuela, a long-awaited permit that could help increase output in the country. Washington has been relaxing sanctions on Venezuela's energy industry, first imposed in 2019, since U.S. forces captured President Nicolas Maduro in early January. That led to the government of interim President [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 March delivery in Hardisty, Alberta, settled at $15.55 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $15.45 on Monday. * The last time the discount on Canadian heavy crude consistently traded this low was prior to the opening of the Trans Mountain pipeline expansion in the spring of 2024, said Enverus analyst Michael [Read more]
ARC Resources Ltd. Announces Offering of Senior Unsecured Notes
CALGARY, AB, Feb. 10, 2026 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") announced today an offering of C$950 million aggregate principal amount of senior unsecured notes (the "Offering"), consisting of C$400 million aggregate principal amount of 3.349% Senior Unsecured Notes, Series 5 due 2029 (the "Series 5 Notes") and C$550 million aggregate principal amount of 4.104% Senior Unsecured Notes, Series 6 due 2033 (the "Series 6 Notes", together with the Series 5 [Read more]
Gibson Energy Extends Hardisty Platform with $400 Million Chauvin Infrastructure Acquisition, Conditionally Sanctions Hardisty Connection Project, Announces $200 Million Bought Deal Equity Offering and Announces Certain Preliminary Fourth Quarter 2025 Results
All financial figures are in Canadian dollars unless otherwise noted Transaction Highlights: Extends Gibson’s strategic core position in Hardisty – enhances Gibson’s heavy crude oil network by extending reach to new and established producers in the growing Mannville Stack Grows high-quality, stable cash flows – 90%+ of revenue from the assets is supported by take-or-pay or fee-for-service arrangements, with 50% of volumes under long-term take-or-pay or area-of-dedication [Read more]
Alberta’s Smith says ‘significant’ deficits to come, rules out tax hikes and big cuts
EDMONTON - Alberta Premier Danielle Smith says "significant" deficits are in store for her province as it tries to grapple with low oil prices. The government's new budget is set to be unveiled later this month, and Smith says it's going to be a "tough" one. The premier told RED FM Calgary this week that she has ruled out tax hikes and "deep" service cuts, but says it means the province will need to run multiple deficits. She says the government will still prioritize health care, [Read more]
US natgas output to hit record high in 2026, while demand holds steady, EIA says
U.S. natural gas output will rise to a record high in 2026, while demand will hold steady, the U.S. Energy Information Administration said in its Short-Term Energy Outlook on Tuesday. EIA projected dry gas production will rise from a record 107.6 billion cubic feet per day in 2025 to 110.0 bcfd in 2026 and 111.2 bcfd in 2027. The agency also projected domestic gas consumption will hold at 91.6 bcfd in 2026, matching the 91.6 bcfd record high in 2025, before easing to 91.5 bcfd in [Read more]
Venezuelan oil output could return to pre-blockade level by mid-2026, EIA says
Expanded U.S. licenses for Venezuela-related deals are expected to restore the South American country's oil production by mid-2026 to levels seen before a U.S. naval blockade in December, the U.S. Energy Information Administration said on Tuesday. Venezuela's state oil company PDVSA was forced to make deep output cuts after Washington imposed the strict naval blockade to pressure Nicolas Maduro, the Venezuelan president captured by U.S. forces in early January. The blockade cut off [Read more]
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