Venture Global submitted its response late on Tuesday to a legal challenge from Shell over the oil major's defeat in an arbitration case concerning liquefied natural gas cargoes, rejecting allegations of fraud and accusing Shell of breaching arbitration confidentiality. The legal documents submitted in New York Supreme Court mark the latest development in a prolonged saga over Venture Global's claimed failure to deliver LNG under long-term contracts while selling on the spot market as prices [Read more]
News
Trump sanctions on Lukoil, Rosneft could reshuffle global oil map: Vladimirov
U.S. sanctions against Russian oil majors Lukoil and Rosneft could trigger a structural reshaping of the global oil sector over the next year, reversing Moscow's decades-long efforts to expand its international clout through energy investment. When President Donald Trump in October slapped sanctions on Rosneft and Lukoil, which together account directly or indirectly for around two-thirds of Russia’s oil exports, the U.S. struck at the core of the Kremlin’s revenue base. The measures formally [Read more]
Oil steady as market watches Ukraine peace talks, Fed rate decision
Oil prices held steady on Wednesday after falling about 1% in the previous session, as investors watched for progress in Russia-Ukraine peace talks and awaited a decision on U.S. interest rates. Brent crude futures were up 7 cents, or 0.1%, to $62.01 a barrel at 0500 GMT. U.S. West Texas Intermediate crude was at $58.32 a barrel, up 7 cents, or 0.1%. "Oil markets are currently struggling for direction as far as we can see, with a minor lift from falling U.S. inventories as reported by [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 Dec. 9 Apprentice Ironworker Strike Group All Areas Dec. 9 Journeyperson Ironworker Strike Group All Areas Dec. 9 Material Coordinator Strike Group Prince [Read more]
Discount on Western Canada Select at widest point since March
The discount on Western Canada Select to North American benchmark West Texas Intermediate futures widened on Tuesday to its broadest point since early March. WCS for January delivery in Hardisty, Alberta, settled at $13.55 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $13.15 on Monday. * After spending much of the year in the $9-$11 range, in large part due to the Trans Mountain pipeline expansion which has given Canadian oil producers additional export [Read more]
Advantage Announces 2026 Budget, Featuring Strong Per-Share Growth with Accelerating Free Cash Flow Outlook
(TSX: AAV) CALGARY, AB, Dec. 9, 2025 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation") is pleased to announce its 2026 budget and an operations update. Advantage's 2026 capital program continues our focus on growing adjusted funds flow ("AFF")a per share via high rate-of-return development drilling. Our exceptionally efficient, Glacier-focused program is expected to deliver production growth of approximately 6% (or 11% excluding the impact of a major [Read more]
New Report Shows Canadian Energy Exports Can Cut Global Emissions by Displacing U.S LNG, Coal, and Dirtier Oil Alternatives
OTTAWA, ON, Dec. 9, 2025 /CNW/ - A new report from the Public Policy Forum (PPF), produced in partnership with the Canadian Chamber of Commerce Future of Business Centre, finds that expanding Canada's liquefied natural gas (LNG) and oil exports could significantly reduce global greenhouse gas emissions. Refuel: What Canadian LNG and oil exports could mean for global emissions draws on an exclusive new analysis by Navius Research. The study shows that Canadian LNG and oil are highly likely to [Read more]
US natural gas futures drop 7% for second day as mild weather trims demand
U.S. natural gas futures dropped about 7% for the second straight day to a one-week low on Tuesday, on more moderate two-week forecasts for weather and demand, near-record output, ample amounts of gas in storage and lower prices around the world. Front-month gas futures for January delivery on the New York Mercantile Exchange fell 33.8 cents, or 6.9%, to settle at $4.574 per million British thermal units (mmBtu), their lowest since November 26. Financial firm LSEG said average gas output [Read more]
US natgas output and demand to hit record highs in 2025, EIA says
U.S. natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration said in its Short-Term Energy Outlook on Tuesday. EIA projected dry gas production will rise from 103.2 billion cubic feet per day in 2024 to 107.7 bcfd in 2025 and 109.1 bcfd in 2026. That compares with a record 103.6 bcfd in 2023. The agency also projected domestic gas consumption will rise from a record 90.4 bcfd in 2024 to 91.8 bcfd in 2025 before sliding to 90.8 bcfd [Read more]
Chevron CEO Wirth says he is in discussions with board about succession
Chevron CEO Mike Wirth said on Tuesday he is in discussions with the board of directors about when he will step down from the U.S. oil producer. "I've been doing this for eight years, and as soon as we've got the next person ready to go, my job is to get out of the way," Wirth said during an onstage interview at a Wall Street Journal conference. The board waived the mandatory retirement age for Wirth in 2023, who said at the time he wanted to make more progress on increasing shareholder [Read more]
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