Rigs drilling beneath the deep waters of the Gulf of Mexico will drive U.S. oil industry growth this year and next as onshore production slows due to lower prices and maturing shale fields, and analysts and consultants expect the trend to continue as new technology and friendly regulations attract investment offshore. The offshore oil and gas sector took a backseat to shale in recent years because drilling at sea requires years of construction work and higher upfront investments. Entry costs [Read more]
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OPEC Secretary General says oil and gas industry needs more investment
OPEC Secretary General Haitham Al Ghais reiterated on Wednesday that more investment is needed in oil and gas, saying oil will continue to account for about 30% of the global energy mix by 2050. A growing economy, population growth and urbanisation all lead "to one clear signal that the world will need much more energy than it is consuming today", he said in remarks to the Russian Energy Week conference in Moscow. He forecast 23% growth in primary energy demand by 2050. "Yes, it's a [Read more]
California judge blocks efforts to restart Santa Ynez oil pipeline
A California judge on Tuesday sided with the state government and tentatively ruled against Houston-based oil company Sable Offshore's request to restart a pipeline that pulls crude from the Santa Ynez offshore oil project. The tentative ruling from Judge Thomas Anderle in the Superior Court for Santa Barbara County marks a major setback for Sable, whose business is entirely focused on the Santa Ynez project. Its shares fell over 20% to about $14 each in extended trading. The company 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 Oct. 14 3rd/4th Year Apprentice Electrician Strike Group Fort McMurray Oct. 14 Journeyperson Electrician Strike Group Fort McMurray Oct. 11 ELECTRONICS [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 November delivery in Hardisty, Alberta, settled at $10.30 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared to Friday's close of $10.65. Markets were closed Monday for the Canadian Thanksgiving holiday. * The WCS discount has been tight this month, contrary to the typical seasonal widening after the summer driving season ends. * [Read more]
Cardinal Energy Ltd. Announces Monthly Dividend for October
Calgary, Alberta--(Newsfile Corp. - October 14, 2025) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our October dividend of $0.06 per common share will be paid on November 17, 2025 to shareholders of record on October 31, 2025. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. Cardinal is a Canadian oil and [Read more]
Suncor Energy announces retirement of Chief Financial Officer
Calgary, Alberta--(Newsfile Corp. - October 14, 2025) - Suncor Energy (TSX: SU) (NYSE: SU) announces that Kris Smith, the company's Chief Financial Officer, will retire on December 31, 2025, after more than 25 years of service. During his tenure at the Company, Kris has held several roles prior to his current role, including Executive Vice President, Downstream and Interim Chief Executive Officer. "Kris' dedication to Suncor has contributed significantly to our success and I would like to [Read more]
Deadline Alert: MEG Reminds Shareholders to Vote FOR the Improved Cenovus Transaction Ahead of the Revised Proxy Deadline of Monday, October 20, 2025, at 9:00 a.m. (Calgary Time)
The Improved Cenovus Transaction is valued at $29.79 per MEG Share as of close of market on October 10, 2025, payable 50% in cash and 50% in highly liquid Cenovus Shares MEG Shareholders are encouraged to make an election with respect to their preferred form of consideration to be received for the Improved Cenovus Transaction ahead of the Revised Election Deadline of Monday, October 20, 2025 at 4:30 p.m. (Calgary Time) MEG Shareholders who previously tendered their MEG Shares to [Read more]
B.C. Premier Eby says lifting the tanker ban would sink billions in ‘real’ projects
VICTORIA - Lifting the oil tanker ban off British Columbia's North Coast for a nonexistent pipeline from Alberta would endanger billions in other real investments that Premier David Eby says will need the support of coastal First Nations. Eby says he's asking the federal government to reaffirm its support for the tanker ban off the West Coast, after Prime Minister Mark Carney said on Friday that lifting the tanker ban would depend on a number of factors. Alberta Premier Danielle Smith has [Read more]
Oil bosses expect market surplus to shrink over time
The global oil market is set to tighten in the medium to longer term, recovering from short-term weakness, executives from oil majors and trading houses said on Tuesday. Rising output from OPEC+ - which groups the Organisation of Petroleum Exporting Countries and allies - as well as from other producers, together with expectations that trade tensions will lead to reduced demand have weakened oil prices this year. Brent futures traded around $62 a barrel on Tuesday - down by over $15 from a [Read more]
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