A tanker was struck by an unknown projectile about 11 nautical miles northeast of Lima, Oman, leaving it not under command after the engine room was damaged, the United Kingdom Maritime Trade Operations agency said on Saturday. UKMTO said there were "no reported casualties or environmental impact" from the incident. Lima is on Oman's Musandam Peninsula at the entrance to the Strait of Hormuz, a strategic shipping chokepoint linking the Gulf with the Gulf of Oman. (Reporting by Hatem Maher; [Read more]
Headlines
Full stoppage of CPC not under consideration, Kazakh energy ministry says
Kazakhstan's energy ministry said on Saturday that a complete stoppage of the Caspian Pipeline Consortium's operations was not being considered and that the current situation was under control. The CEO of Chevron said on Friday that the pipeline is currently flowing and ships are loading this week, after CPC said it had suspended oil loadings on Thursday following a drone attack on a tanker. Chevron owns 50% of Tengizchevroil - the operator of the giant Tengiz oilfield and the major exporter [Read more]
Exxon, Chevron warn of continued high fuel prices from Iran war
Top U.S. oil producers ExxonMobil and Chevron warn that global supplies of diesel and other refined products will likely remain tight and lead to persistently high prices in the second half of the year as the Iran war continues to cause major energy disruptions. Both companies reported large jumps in second-quarter refining profits on Friday as declining fuel stockpiles combined with curtailed exports from China and refinery outages inRussia led to higher margins. "We're going to see some [Read more]
ROK Resources Announces the Closing of its Non-Core Southeast Saskatchewan Asset Disposition
NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES REGINA, SK / ACCESS Newswire / July 31, 2026 / ROK Resources Inc. ("ROK" or the "Company") (TSXV:ROK)(OTCQB:ROKRF) is pleased to announce that further to its press release on June 23, 2026, it has successfully completed the previously announced disposition of certain non-core assets located in Southeast Saskatchewan to an arm's length purchaser for cash consideration of $8 million, subject to customary closing [Read more]
Chevron records highest quarterly profit in six years, beating analyst estimates
Chevron surpassed analyst estimates for second-quarter earnings on Friday, reporting its highest quarterly profit in at least six years as the U.S.-Israeli war with Iran disrupts world energy markets, boosting profits for the biggest oil companies. Adjusted earnings of $12 billion, or $6.06 per share, beat the average analyst estimate of $5.56 per share according to data compiled by LSEG. Chevron shares were up about 2% in premarket trading. The results mirrored those of European oil majors [Read more]
US energy firms add rigs for sixth time in seven weeks, says Baker Hughes
U.S. energy firms this week added rigs for a sixth time in seven weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The total oil and gas rig count, an early indicator of future output, rose by one to 588 in the week to July 31. Baker Hughes said this week's increase puts the total rig count up 48 rigs, or 9% above this time last year. Baker Hughes said oil rigs rose by one to 451 this week, their highest since mid-July, while gas rigs held at 127 [Read more]
Canada’s Enbridge to postpone plans for second phase of Mainline oil pipeline expansion
Canadian pipeline operator Enbridge said on Friday it was postponing the 250,000-barrel-per-day second phase of its Mainline crude pipeline network, partly due to Canadian oil producers not committing to significant output increases. The project would have increased exports of Canadian crude to U.S. refineries. But Enbridge CEO Greg Ebel said the company will focus first on its 100,000 bpd Flanagan South Expansion and its 50,000 bpd Southern Access Extension, which will add capacity to two [Read more]
US crude oil output fell in May, while exports hit record, EIA says
U.S. crude oil output fell about 2% in May from a record in April, while exports hit a record high for the second-consecutive month, according to data published by the U.S. Energy Information Administration on Friday. Crude oil production in May averaged 13.71 million barrels per day, whereas exports rose to 5.73 million bpd from the prior record of 5.59 million bpd, the data showed. U.S. oil companies have ramped up exports sharply since the beginning of the Iran war, taking advantage of a [Read more]
Cavvy Energy Announces 2027 Forward Sulphur Price Agreement
Fixed Price Contract Leverages 2026 Sulphur Price Run-up and Enhances Sulphur Revenue Certainty in 2027 CALGARY, Alberta, July 31, 2026 (GLOBE NEWSWIRE) -- Cavvy Energy Ltd. (“Cavvy” or the “Company”) (TSX:CVVY) is pleased to announce that it has agreed to terms on a new one-year fixed-price sulphur forward sales agreement (the “Sulphur Price Agreement”) with its sulphur marketer (the “Marketer”) beginning January 1, 2027. The Sulphur Price Agreement fixes the price of 200,000 mt of sulphur [Read more]
Pembina Pipeline reports $512M second-quarter profit, rising from $417M last year
CALGARY - Pembina Pipeline Corp. says it earned $512 million in the second quarter, rising from $417 million during the same period last year. The Calgary-based natural gas processor and shipper says its revenue during the quarter reached $2.15 billion, up year-over-year from $1.79 billion. On a diluted per-share basis, the company's earnings amounted to 82 cents for the period ended June 30, compared with 65 cents during last year's second quarter. During the quarter, Pembina entered [Read more]
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