Ares Management said it has acquired a stake in the Rover natural gas pipeline from a unit of fellow investment firm Blackstone for an undisclosed sum, as interest in U.S. energy infrastructure assets grows. In a statement sent to Reuters, Ares said funds led by its Infrastructure Opportunities strategy would buy 32.4% of Rover, a pipeline system spanning around 700 miles (1,130 km) in Pennsylvania, West Virginia, Ohio and Michigan which moves natural gas from the Appalachian shale basin to [Read more]
News
Trump urges Iran to sign a deal after report suggests US may extend blockade
U.S. President Donald Trump on Wednesday urged Iran to 'get smart soon' and sign a deal, following days of deadlock in efforts to end the conflict and a media report that the U.S. would extend its blockade of Iran's ports. In a post on Truth Social, Trump, who has said Iran can call if it wants to talk and has stressed repeatedly Tehran cannot have a nuclear weapon, said the country 'couldn't get its act together.' The Wall Street Journal cited U.S. officials as saying the president had [Read more]
Spot crude premiums ease from record highs despite Hormuz closure
Spot premiums for physical crude have slipped from record highs reached earlier during the Iran war as refiners are drawing on inventories and cutting back processing to cope with lost Middle East supply, traders and analysts said. Since the U.S.-Israeli war on Iran that began on February 28 caused the near-total closure of the Strait of Hormuz, the global market has lost access to 500 million barrels of crude and refined products output, according to analysts at Citi. That sparked surging [Read more]
Barclays sees faster oil supply growth from UAE after its exit from OPEC
The United Arab Emirates' decision to quit OPEC would result in faster oil supply growth from the country as it comes out of the current crisis, Barclays said late Tuesday. The UAE, the fourth-largest producer in the Organization of the Petroleum Exporting Countries, said on Tuesday it would exit the group on May 1. The announcement could assure potential investors that the country's economic recovery would not be constrained by OPEC+ production quotas, Barclays said in a note late on [Read more]
Bank of Canada expected to keep benchmark rate at 2.25% amid Iran war oil price spike
OTTAWA - The Bank of Canada is widely expected to keep its benchmark interest rate unchanged at 2.25 per cent when it announces its latest decision later this morning. The central bank is also set to release its latest economic forecast in its quarterly monetary policy report. The bank has been grappling with a confluence of factors that have clouded the outlook for inflation and the economy. Heading into the year, many economists had predicted inflation would ease and a softer economy [Read more]
Western Energy Services Corp. announces second lien facility extension
CALGARY, AB, April 28, 2026 /CNW/ - Western Energy Services Corp. ("Western" or the "Company") (TSX: WRG) is pleased to announce that it has entered into an agreement with its lender, Alberta Investment Management Corporation ("AIMCo") to amend its second lien term loan facility (the "Second Lien Facility"). Extension and Amendments to Second Lien Facility The Company announces that AIMCo has approved an extension of the maturity date of Western's Second Lien Facility [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 Apr. 28 Labourer Summit Lloydminster Apr. 28 Labourer Summit Brooks Apr. 28 PARTS PERSON - (MHT) Trican Well Service Ltd. Medicine Hat Apr. [Read more]
Pulse Seismic Inc. Reports Q1 2026 Financial Results and Increases Regular Quarterly Dividend
CALGARY, Alberta, April 28, 2026 (GLOBE NEWSWIRE) -- Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) is pleased to report its financial and operating results for the three months ended March 31, 2026. The unaudited condensed consolidated interim financial statements, accompanying notes and MD&A are being filed on SEDAR+ (www.sedarplus.ca) and will be available on Pulse’s website at www.pulseseismic.com. Today, Pulse’s Board of Directors approved a 7% increase to the [Read more]
HSBC sees limited near-term impact on OPEC+ from UAE’s departure
The United Arab Emirates' planned exit from OPEC and the wider OPEC+ alliance from May 2026 is expected to have limited immediate impact on oil markets but could weaken the group's supply discipline and price-management ability over time, HSBC said in a research note on Tuesday. The UAE, one of OPEC's largest producers, said on Tuesday it would leave both OPEC and OPEC+, dealing a blow to the producers' group as the U.S.-Israeli war on Iran disrupts energy flows. In the near term, HSBC [Read more]
ARC Resources Ltd. reports first quarter 2026 results
CALGARY, AB, April 28, 2026 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") today reported its first quarter 2026 financial and operational results following the announcement of its execution of an arrangement agreement pursuant to which it will be acquired by Shell plc ("Shell") on April 27, 2026. HIGHLIGHTS Shell Transaction On April 27, 2026, ARC announced that it has entered into an arrangement agreement (the "Arrangement Agreement") with [Read more]
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