World oil supply is expected to match demand next year in a reflection of the wider OPEC+ group's production increases, an OPEC report showed on Wednesday, marking a further shift from its earlier projections of a supply deficit in 2026. OPEC+, which groups the Organization of the Petroleum Exporting Countries, Russia and other allies, has raised its output targets by around 2.9 million barrels per day - or around 2.7% of global supply - since April. It plans to pause production hikes in [Read more]
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Russian oil output rises in October, OPEC data shows
Russian oil production rose in October to 9.382 million barrels per day, up 47,000 bpd from September, as the world's leading oil producing countries continued to ramp up production, OPEC monthly data showed on Wednesday. That is below 9.481 million bpd of Russia's OPEC+ output quota for October, including obligations to cut output for overproduction in previous periods. OPEC+, the group comprising the Organization of the Petroleum Exporting Countries plus Russia and some smaller [Read more]
Explore “Reservoir Characterization for Energy Security” at the CEGA Reservoir Symposium – Register Now and Save!
The Canadian Energy Geoscience Association (CEGA) is pleased to announce that registration is now open for the 2026 Reservoir Symposium — a premier technical event dedicated to advancing understanding of Canada’s subsurface reservoirs and their critical role in energy security. Taking place in The Bow – Sky Garden Auditorium from February 4-5, 2026 this symposium is a must-attend for professionals eager to explore how innovative reservoir characterization can enhance Canada’s energy security. [Read more]
InPlay Oil Corp. Announces Third Quarter 2025 Financial and Operating Results, Increased 2025 Production Guidance and Reduced Capital Spending
CALGARY, AB, Nov. 12, 2025 /CNW/ - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") announces its financial and operating results for the three and nine months ended September 30, 2025. InPlay's unaudited interim financial statements and notes, and Management's Discussion and Analysis ("MD&A") for the three and nine months ended September 30, 2025 will be available at "www.sedarplus.ca" and the Company's website at "www.inplayoil.com". An updated corporate presentation [Read more]
IEA’s bullish oil outlook is a nod to Trump, wake-up call for world: Bousso
The International Energy Agency’s latest outlook signals that oil demand may continue rising into 2050, a sharp shift from its previous reports and a stark reminder of how dominant black gold remains in the global economy. The IEA's annual World Energy Outlook, published on Wednesday, maps out different trajectories for energy demand through 2050. This release is normally a pretty mundane affair, but not this year, as the outlook has become a political football. Officials in U.S. President [Read more]
Oil prices dip after surge as markets eye US government reopening
Oil prices softened on Wednesday but held onto most of their gains from the previous session amid expectations that an end to the longest-ever U.S. government shutdown could boost demand in the world's biggest crude-consuming nation. Brent crude futures slipped 22 cents, or 0.34%, to $64.94 a barrel by 0625 GMT after gaining 1.7% on Tuesday. U.S. West Texas Intermediate crude was down 22 cents, or 0.36%, to $60.83 a barrel, after climbing 1.5% in the previous session. The U.S. [Read more]
Venture Global and Mitsui Announce 20-Year LNG Sales and Purchase Agreement
Venture Global’s third long-term contract with a Japanese company 6.75 MTPA of long-term contracts signed by Venture Global to date in 2025 ARLINGTON, Va.--(BUSINESS WIRE)--Today, Venture Global, Inc. (NYSE: VG) and Mitsui & Co., Ltd. of Japan announced the execution of a new, long-term liquefied natural gas (LNG) Sales and Purchase Agreement (SPA). Under the SPA, Mitsui will purchase 1.0 million tonnes per annum (MTPA) of LNG from Venture Global for 20 years, starting in [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 Nov. 10 Field Operator (7/7, local) Roska DBO Fort St John Nov. 10 Plant Operator (7/7, local) Roska DBO Fort St John Nov. 7 Journeyperson Electrician Strike [Read more]
NuVista Energy Ltd. Announces Third Quarter Financial and Operating Results
CALGARY, Alberta, Nov. 11, 2025 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. ("NuVista" or the "Company") (TSX: NVA) is pleased to announce financial and operating results for the three and nine months ended September 30, 2025. Operational and Financial Highlights During the third quarter ended September 30, 2025, NuVista: Produced 67,680 Boe/d, as compared to our third quarter guidance of 68,000 – 70,000 Boe/d. Following the completion of the third-party gas facility turnarounds and [Read more]
Occidental Petroleum forecasts flat production, lower spending in 2026
Oil and gas producer Occidental Petroleum said on Tuesday it expects flat production growth in 2026 and spending to fall below current-year levels, as crude prices slide. U.S. shale producers are weathering a global oil slump, with prices hovering in the low $60-per-barrel range, pressured by OPEC+ output hikes and slowing global demand. Benchmark Brent crude has fallen about 12.7% so far this year. Occidental expects 2026 production to be flat to up 2%, driven primarily by unconventional [Read more]
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