Canadian oil and gas company Pembina Pipeline said on Wednesday it will supply 1.0 million tons per annum of liquefied natural gas to Malaysia's PETRONAS for 20 years from its Cedar LNG project. The deal marks a key milestone for the $4 billion Cedar LNG project and strengthens Canada's push to become a global LNG supplier to Asia. The company said it will give PETRONAS access to an additional natural gas export outlet for its Canadian upstream investment, while providing Pembina with a [Read more]
News
Kazakhstan’s October oil output down 10% from September, source says
Kazakhstan's crude oil production excluding gas condensate declined 10% last month to 1.69 million barrels per day, still above the OPEC+ output quota, according to an industry source and Reuters calculations. The Central Asian republic has repeatedly exceeded quotas set by the OPEC+ group comprising the Organization of the Petroleum Exporting Countries and other producers led by Russia, angering some OPEC members, industry sources have said. Kazakhstan's OPEC+ output quota for October [Read more]
Unprecedented volume of oil stored on ships due to Western sanctions, Gunvor CEO says
Western sanctions on Russia and Iran are creating record volumes of oil kept in floating storage, preventing a supply glut from forming in global markets, Gunvor Group's CEO said on Wednesday. The European Union, United Kingdom and the United States have imposed a raft of sanctions against Russia over its war in Ukraine, with the latest U.S. embargo targeting Russia's two top oil producers Rosneft and Lukoil last month. "Through the sanctions that we've had around the world, an enormous [Read more]
Oil dips amid broader market selloff, strong dollar pressure
Oil prices dipped on Wednesday amid a wider slump in financial markets and a strong U.S. dollar, while investors assessed the supply outlook. Brent crude futures edged lower by 6 cents, or 0.1%, to $64.38 a barrel by 0408 GMT, having touched a near two-week low in the prior session. U.S. West Texas Intermediate crude was down 10 cents, or 0.17%, at $60.46. The risk-off tone across markets saw investors exit energy markets, ANZ analysts wrote in a Wednesday client note. Asian stocks [Read more]
Spartan Delta Corp. announces third quarter 2025 results and operations update
CALGARY, AB, Nov. 4, 2025 /CNW/ - Spartan Delta Corp. ("Spartan" or the "Company") (TSX: SDE) is pleased to report its unaudited financial results for the three and nine months ended September 30, 2025 and recent operational results. Selected financial and operational information is set out below and should be read in conjunction with Spartan's unaudited interim financial statements and related management's discussion and analysis ("MD&A") for the three and nine months ended [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. 3 Site Administrator Strike Group High Level Nov. 3 Project Controller Strike Group High Level Nov. 3 Lead Hand - Pipeline Integrity Strike Group High [Read more]
Ovintiv expands in Montney shale with USD $2.7 billion deal for NuVista
Ovintiv said on Tuesday it would buy the rest of NuVista Energy in a cash-and-stock deal valued at $2.7 billion, including debt, strengthening the shale producer's presence in Canada's Montney basin. Last year, the North American company had acquired oil assets from Canadian firm Paramount Resources in the Montney shale for $2.38 billion in cash. "This acquisition, combined with the inventory additions from our bolt-on acquisition work in the Permian is putting our investors into top tier [Read more]
Discount on Western Canada Select narrows
The discount on Western Canada Select to North American benchmark West Texas Intermediate futures narrowed on Tuesday. WCS for December delivery in Hardisty, Alberta, settled at $11.05 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared to Monday's close of $11.10. * "The bidding war for Canadian crude remains very strong and the result has been tighter than typical differentials for this time of year," said RBN Energy analyst Martin King. * International [Read more]
Suncor Energy beats third-quarter profit estimates on higher production
Canada's integrated oil and gas firm Suncor Energy beat third-quarter profit estimates on Tuesday, as higher production helped offset lower prices. Canadian oil producers are also gaining from the expanded Trans Mountain pipeline, which opens access to global markets and lessens their dependence on the U.S. pipeline system. The company's total upstream production was at 870,000 barrels per day in the quarter, compared with 828,600 bpd a year earlier. Crude prices averaged $68.33 per [Read more]
NuVista Energy Enters Into Agreement to be Acquired by Ovintiv
$18.00 per NuVista Share Purchase Price, payable 50% in cash and 50% in Ovintiv Shares, represents a 21% premium to NuVista’s unaffected 20 day volume-weighted NuVista Share price as of September 19, 2025 (1), and above any closing price in the last 15 years Cash and highly liquid share consideration provides NuVista Shareholders with near-term value certainty, while maintaining upside participation in a larger, investment-grade producer with exposure to two of North America’s top shale [Read more]
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