Predicting what will or will not happen in the future is generally not the wisest thing to do, because random events and developments create eternal chaos, but we all fall off the wagon sometimes. Doing so requires, at some point, being ready to eat your words when reality fails to heed my advice and does whatever it wants. And there is no better time for word-eating than in the heart of summer when many are on holidays. It beats making retractions in size 4 font, which is the lowest-grade yet [Read more]
News
Treeline Well Services Expands into Australia with 10-Year Contract to Supply Origin Energy’s APLNG Project
FOR IMMEDIATE RELEASE Five high-spec service rigs to be designed and built in Queensland, backing local manufacturing, jobs, and a long-term Australian presence CALGARY, Alberta — August 19, 2026 — Treeline Well Services is proud to announce its expansion into Australia, anchored by a 10-year contract to deliver five high-spec service rig packages for Origin Energy, operator of the upstream gas fields for the Australia Pacific LNG (APLNG) project. Treeline's entry into the market is a [Read more]
Norway state oil licences valued at $150 billion, survey shows
The Norwegian government's direct ownership stakes in offshore oil and gas licences and infrastructure are valued at a total of 1.41 trillion Norwegian crowns ($150 billion), according to a survey published by the industry ministry on Wednesday. * The state holds stakes in dozens of fields operated by oil companies such as Equinor and ConocoPhillips, giving the government revenue beyond the taxes paid by the oil companies. * In 2025, the government's net cash flow from the so-called SDFI [Read more]
UAE’s financial embargo on Iran after missile threat puts rivalry back in spotlight
* UAE suspends financial ties with Iran until further notice * Major Gulf oil producer blames missile threat on Tehran * Missile launch comes amid standoff over deal to end U.S.-Iran conflict DUBAI, Aug 19 - The United Arab Emirates' decision to suspend all financial and economic transactions with Iran until further notice, citing a military escalation by Tehran with a missile threat, has refocused the spotlight on fraught ties between the major Gulf Arab oil producer and Iran. The UAE, [Read more]
Alberta government to hold first AI data centre town hall in central town of Lacombe
LACOMBE - Alberta's technology minister is set to hear from residents in the central region tonight on what they think of artificial intelligence data centres. Nate Glubish is scheduled to be in Lacombe for the first in a series of town halls. Glubish has spent years crafting an AI strategy and wooing investors to build enormous computing complexes — and the large power supplies they require — in the province. But data centre development has been met with fierce pushback from some [Read more]
Oil edges up on uncertainty over exports through Hormuz
Oil prices ticked higher in early trade on Wednesday, climbing for a fourth straight day on supply uncertainty as investors weighed conflicting messages from Tehran and Washington on whether the Strait of Hormuz is open to ships. Brent crude futures climbed 26 cents, or 0.29%, to $91.28 by 0004 GMT, while U.S. West Texas Intermediate crude futures were up 37 cents to $85.31 a barrel. Both contracts closed on Tuesday at their highest since July 24 as hopes of peace between the U.S. and Iran [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. 17 Labourer Summit Lloydminster Aug. 17 CEMENT OPERATOR – (BRT) Trican Well Service Ltd. Brooks Aug. 13 Battery/Field Operator Roska [Read more]
About half of Venezuela oil output now goes to US, Under Secretary Haustveit says
U.S. Energy Under Secretary Kyle Haustveit said on Tuesday that about half of Venezuela's oil output is now being exported to the U.S. * "In the last couple of months, we're seeing north of 500,000 barrels of approximately half of the production coming out of Venezuela is coming to the United States to the refineries that were built specifically for that crude," he said at an event in Houston, adding that the country is currently producing around 1.25 million barrels a day. * Haustveit [Read more]
Canada’s oil producers target late 2027 for Pathways carbon capture decision
Canada's biggest oil producers are targeting late 2027 for a final investment decision on their proposed 6-million-tonne carbon capture and storage project, a key piece of the country's plan to grow oil production and keep emissions in check, the president of the Oil Sands Alliance industry group told Reuters. Kendall Dilling, who heads the industry group that represents Canadian Natural Resources, Imperial Oil, Suncor Energy, Cenovus Energy and ConocoPhillips Canada, said in an interview this [Read more]
Trump says no talks are taking place with Iran and none are scheduled
U.S. President Donald Trump on Tuesday said there were no conversations taking place with Iran, and none were scheduled, adding that the Strait of Hormuz was open. "There are no talks or conversations going on, or scheduled, with the Islamic Republic of Iran. The Naval Blockade remains in full force and effect. The Hormuz Strait is open and operating. All water mines have been removed or detonated," Trump said in a post on Truth Social. Top Iranian negotiator Mohammad Baqer Qalibaf said in [Read more]
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