Mark your calendars—GDM is delighted to announce the return of its Golf Charity Classic! On September 17, 2025, the greens of the Inglewood Golf and Curling Club will once again come alive with friendly competition, laughter, and community spirit, all in support of Brown Bagging for Calgary’s Kids (BB4CK). Following the overwhelming success of last year’s sold-out tournament, anticipation is high for another unforgettable day on the course. From the moment registration opens at 7:30 AM to the [Read more]
News
OPEC+ to consider further oil output hike on Sunday, sources say
OPEC+ will consider further raising oil production at a meeting on Sunday, two sources familiar with the discussions said, as the group seeks to regain market share. Another boost would mean that OPEC+, which pumps about half of the world's oil, would be starting to unwind a second layer of output cuts of about 1.65 million barrels per day, or 1.6% of world demand, more than a year ahead of schedule. Eight OPEC+ countries are due to hold an online meeting to decide output for October on [Read more]
With dollars scarce, Venezuela currency exchanges turn to crypto
Venezuela's government is slowly allowing the use of dollar-tied cryptocurrencies in currency exchanges for the private sector, a dozen sources said, as U.S. restrictions on oil exports reduce available foreign currency. Sanctions by the United States, which the Venezuelan government has characterized as "economic war," prevent many business transactions, forcing companies seeking to buy raw materials from abroad to exchange local bolivars for dollars that are generated by the oil trade and [Read more]
Global long-dated bond selloff keeps on going as gold hits records
A global slide in long-dated bonds extended on Wednesday, sending Japan's government borrowing costs to record highs, as mounting concerns over government debt sustainability and long-term inflation also rattled investors in Europe. Spot gold hit all-time high of $3,546.99 earlier in the session as the rush out of long-term government debt, traditionally considered low-risk, sparked a hunt for alternative safe-haven assets. The 30-year Japanese government bond (JGB) yield hit an [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 Aug. 30 SENIOR ACCOUNTS RECEIVABLE ANALYST - (CAT) Trican Well Service Ltd. Calgary Aug. 29 CEMENT BULK DRIVER/OPERATOR - (GPC) Trican Well Service Ltd. Grande [Read more]
Strathcona Resources acquires additional MEG Energy shares
Canadian oil and gas producer Strathcona Resources said on Tuesday it has purchased additional 6.66 million common shares of rival MEG Energy for about C$190.8 million ($138.09 million). With this acquisition, Strathcona now owns or controls about 11.8% of MEG's outstanding shares. Prior to this transaction, it held about 9.2% of the total MEG shares. The highest price paid for the MEG shares purchased by Strathcona on Tuesday was C$28.80 apiece. Late last month, Strathcona had said it would [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 October delivery in Hardisty, Alberta, settled at $11.70 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with a $12 a barrel discount on Friday, the day before the Labor Day holiday weekend. * The WCS discount is now almost $3 wider than it was in late spring, when wildfires temporarily disrupted oil sands supply in northern Alberta and [Read more]
Tourmaline declares quarterly dividend
CALGARY, AB, Sep. 2, 2025 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.50 per common share. The dividend will be payable on September 29, 2025 to shareholders of record at the close of business on September 15, 2025. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. Reader [Read more]
ADNOC starts drilling wells at EOG Resources’ UAE shale play
EOG Resources CEO Ezra Yacob confirmed on Tuesday that the company's project with the Abu Dhabi National Oil Company is running on schedule, with ADNOC drilling horizontal wells and testing oil to the surface at a shale block in the United Arab Emirates. Houston-based EOG Resources operates the block and had expected to begin drilling in the Al Dhafra region of Abu Dhabi in the second half of 2025. EOG also entered Bahrain's upstream sector earlier this year, signing a gas exploration deal [Read more]
Strathcona Resources Ltd. Confirms Acquisition of Additional Common Shares of MEG Energy Corp.
CALGARY, AB, Sept. 2, 2025 /PRNewswire/ - Strathcona Resources Ltd. ("Strathcona") confirmed that it has purchased 6,664,400 common shares ("MEG Shares") of MEG Energy Corp. ("MEG") today for aggregate consideration of approximately $190.8 million, in accordance with applicable securities laws. The average price paid for all MEG Shares purchased by Strathcona since the commencement of the Offer (as defined below) in accordance with applicable securities laws is $28.64 per MEG Share. The [Read more]
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