China's Shandong Yulong Petrochemical has bought its first Canadian crude oil cargoes exported via the Trans Mountain pipeline (TMX) for September and October delivery, trade sources said, as the new refiner diversifies its supplies. Yulong bought an Access Western Blend (AWB) cargo for September delivery at a discount of about $1.50 a barrel to November ICE Brent from Macquarie, two of the sources said, and another cargo for October delivery from Totsa at a similar discount to December ICE [Read more]
News
Japan’s LNG stockpiles down to 1.79 million T, lowest so far this year
Liquefied natural gas (LNG) stockpiles held by major Japanese electric utilities fell to 1.79 million metric tons for the week ended on July 27, their lowest this year so far, official data showed on Wednesday. In the previous week, the stockpile was at 1.92 million tons, below the 1.94 million tons held during July last year on average. In the last five years for July, the utilities had averaged 2.15 million tons, data from the Ministry of Economy, Trade and Industry (METI) shows. The [Read more]
Oil steady after big gains on Trump’s Russia ultimatum
Oil prices ticked up in early trading on Wednesday after rising more than 3% in the previous session as potential supply shortages came into focus after U.S. President Donald Trump gave Moscow an abbreviated deadline toward ending the war in Ukraine. Brent crude futures rose 14 cents, or 0.19%, to $72.65 a barrel by 0048 GMT while U.S. West Texas Intermediate crude climbed 2 cents, or 0.03%, to $69.23 a barrel. Both contracts had settled at their highest since June 20 on Tuesday. On [Read more]
Precision Drilling Announces 2025 Second Quarter Unaudited Financial Statements
CALGARY, Alberta, July 29, 2025 (GLOBE NEWSWIRE) -- This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. This news release contains references to certain Financial Measures and Ratios, including Adjusted [Read more]
Shell-led LNG Canada faces problems as it ramps up production, sources say
Shell-led LNG Canada is experiencing technical problems as it ramps up production at its liquefied natural gas plant at Kitimat, with one LNG tanker diverting away from the facility without the superchilled fuel in recent days, according to four sources and LSEG ship tracking data. The plant is the first major LNG export facility in Canada and the first on the west coast of North America, providing direct access to Asia, the world's largest LNG market. The facility is expected to convert [Read more]
Trican Reports Second Quarter Results for 2025 and Declares Quarterly Dividend
Calgary, Alberta--(Newsfile Corp. - July 29, 2025) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") is pleased to announce its second quarter results for 2025. The following news release should be read in conjunction with Management's Discussion and Analysis ("MD&A"), the unaudited condensed consolidated interim financial statements and related notes for the three and six months ended June 30, 2025, as well as the Annual Information Form ("AIF") for the year ended December [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 Jul. 29 Office Administrator Roska DBO Slave Lake Jul. 28 QC Coordinator Strike Group Brooks Jul. 28 Journeyperson B-Pressure Rig Welder Strike [Read more]
‘Canada will win’ race to bring LNG to Asian markets, B.C. Premier David Eby says
KITAMAAT VILLAGE - British Columbia Premier David Eby says Canadian values will help the country "win this race" to deliver liquefied natural gas to Asian markets, even as U.S. President Donald Trump sets his sights on developing the industry in Alaska. Eby told a news conference on Tuesday that Canada is a reliable partner, which can deliver the fuel to Asia in a direct, affordable way, while Trump has been "insulting and demeaning" towards other countries and insists his only concern is [Read more]
US natgas producer Expand Energy reports quarterly profit on higher output and prices
Expand Energy reported a second-quarter profit on Tuesday, compared with a year-earlier loss, as it benefited from higher output and stronger commodity prices, sending the U.S. natgas producer's shares up over 2% after the bell. Formerly called Chesapeake Energy, Expand became the country's biggest independent natural gas producer after completing its $7.4 billion acquisition of Southwestern Energy in October 2024. The firm's total production came in at 7.2 billion cubic feet equivalent [Read more]
Foreign oil companies in Venezuela await US authorizations, sources say
About a half dozen foreign partners of Venezuela's state-owned oil company PDVSA are awaiting authorizations from the U.S. Treasury and State departments, following talks last week about fresh licenses to allow them to operate in the sanctioned South American country, according to six company sources. The companies' licenses, including a key one for U.S. oil major Chevron, were revoked by President Donald Trump's administration in March over the Venezuelan government's response to migration [Read more]
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