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ADNOC says attacks on vessels, staff significantly impacting operations

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Abu Dhabi National Oil Company said on Friday it was being significantly impacted by what it described as unprovoked attacks on its people and assets, as it sought to continue meeting customer requirements in an "exceptionally challenging environment." ADNOC said in a statement that 15 of its vessels had been attacked by missiles and drones while transiting the Strait of Hormuz since the start of the conflict, including three this week, leaving one crew member dead and 20 injured. The [Read more]

Occidental sees flat spending, output in 2027, keeps focus on debt reduction

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U.S. oil producer Occidental Petroleum said on Thursday it expects flat production and capital spending in 2027, adding that it would continue to prioritize debt-reduction efforts. Speaking on a post-earnings conference call, Chief Financial Officer Sunil Mathew said the company expects the starting point for capital spending to be $5.9 billion in 2027, including investments in mid-cycle projects. "At that level of investment, you can assume relatively flat production in line with 2026," [Read more]

Ford calls on Carney to extend gas tax cut or make it permanent

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TORONTO - Ontario Premier Doug Ford is urging Prime Minister Mark Carney to make a gas tax suspension permanent, or at least extend it beyond its looming expiry. Carney announced in April that the government would pause collection of the federal fuel excise tax on gasoline and diesel until Labour Day, as a way to counteract rising gas prices. It saves Canadians 10 cents per litre on regular gasoline and four cents on a litre of diesel. Ford has written today to Carney asking him to keep [Read more]

Pulse Seismic Inc. Appoints Pamela Wicks as President and CEO

CALGARY, Alberta, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) announces a CEO transition effective August 6, 2026. Pamela Wicks, CPA, ICD.D, currently Vice President, Finance and Chief Financial Officer, has been appointed President and Chief Executive Officer of the Company. “As Pulse’s longest tenured executive, Pamela brings extensive experience in the seismic data library industry and deep knowledge of Pulse’s business to the CEO [Read more]

Petrus Resources Announces Second Quarter 2026 Financial and Operating Results

CALGARY, Alberta, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three and six months ended June 30, 2026. Q2 2026 HIGHLIGHTS: Operating netback up 92%(2) – Operating netback increased 92% to $24.9 million ($24.73/boe) in the second quarter of 2026 from $13.0 million ($15.58/boe) in the prior year comparative period, primarily due to higher oil production and stronger [Read more]

Calfrac Reports Second Quarter 2026 Results

CALGARY, Alberta, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Calfrac Well Services Ltd. (“Calfrac” or “the Company”) (TSX: CFW) announces its financial and operating results for the three and six months ended June 30, 2026. The following press release should be read in conjunction with the management’s discussion and analysis and interim consolidated financial statements and notes thereto as at June 30, 2026. All financial amounts and measures are expressed in Canadian dollars unless otherwise [Read more]

Journey Generates $18.5 Million of Net Income in the Second Quarter of 2026

Calgary, Alberta--(Newsfile Corp. - August 6, 2026) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to announce its financial and operating results for the three and six month periods ending June 30, 2026. The complete set of financial statements and management discussion and analysis are posted on www.sedarplus.com and on the Company's website www.journeyenergy.ca. Highlights for the second quarter are as follows: Generated sales volumes of 10,017 [Read more]

Discount on Western Canada Select narrows

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The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed on Thursday. WCS for September delivery in Hardisty, Alberta, settled at $14.70 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $14.80 on Wednesday. * The discount remains significantly wider than it was in June, after traffic through the Strait of Hormuz picked up in July and also due to the ongoing weakness in China's import appetite, [Read more]

Rich Kruger’s Legacy at Suncor – The CEO Who Put Execution First

When Rich Kruger arrived at Suncor in 2023, he inherited a company under intense pressure. A string of workplace fatalities had shaken confidence in the organization. Operational performance had become inconsistent, shareholders were frustrated, and activist investor Elliott Investment Management had forced sweeping changes to the board. Kruger wasn't brought in to reinvent Suncor. He was hired to make it work better. Now, with Suncor announcing that Kruger will step down as CEO next [Read more]