Oil production in North Dakota rose 28,000 barrels-per-day (bpd) to 1,153,000 bpd in June, monthly data from the state Industrial Commission showed. Bakken and Three Forks oil production stood at 1,126,000 bpd in the month. The data was released on the North Dakota Industrial Commission's general statistics webpage and has been rounded to the nearest 5,000 barrels. It may differ slightly from the commission's monthly index report, also available on its website. [Read more]
Headlines
Trump boasts Keystone XL as trade talk win. It’s not clear it was ever off the table.
OTTAWA - U.S. President Donald Trump boasted Tuesday about reviving the Keystone XL pipeline project, touting it as a win in trade negotiations with Canada. Trump posted on his Truth Social platform that Canada and the U.S. “have a DEAL!” “The great Keystone XL Pipeline, long ago killed by Sleepy Joe Biden, may be awoken from the grave!” he wrote. A subsequent post showed a rendering of the president yanking a pipeline out of the ground beside a tombstone labelled “buried by Biden” and [Read more]
US, Canada trade negotiators meet after Trump sets new tariff deadline
Canadian and U.S. trade negotiators met on Wednesday after President Donald Trump paused planned 50% tariffs on some Canadian goods for three days, as sources said auto tariff levels remained a sticking point. The Canadian minister responsible for U.S. trade, Dominic LeBlanc, and Canada's chief trade negotiator Janice Charette met U.S. Trade Representative Jamieson Greer, LeBlanc's office said in a statement. Trump said late on Tuesday the two countries had a deal subject to the finalization [Read more]
A look back at the Keystone XL pipeline drama as Trump touts its potential revival
CALGARY - The latest volley of U.S. tariffs targeting Canada are temporarily on hold, and social media postings from U.S. President Donald Trump suggest a revival of the defunct Keystone XL pipeline is factoring into ongoing negotiations. Trump posted Tuesday night on his Truth Social platform that Canada and the U.S. "have a DEAL!" "The great Keystone XL Pipeline, long ago killed by Sleepy Joe Biden, may be awoken from the grave!" he wrote. A subsequent post showed a rendering of the [Read more]
US crude and gasoline inventories rise, distillate stocks fall – EIA
U.S. crude and gasoline inventories rose while distillate stockpiles fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 4.4 million barrels to 428.8 million barrels in the week ended August 14, the EIA said. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 1.3 million barrels in the week, the EIA said. Oil prices were flat following the report. Global Brent crude futures were trading at $91.85 a barrel, up 83 cents, at 10:43 [Read more]
US weekly refiner inputs rose to highest in nearly seven years, EIA data shows
U.S. refiners net input of crude oil rose to about 17.4 million barrels per day in the week ended August 14, the highest since September 2019, data from the Energy Information Administration showed on Wednesday. Refiners along the U.S. Gulf Coast pulled crude at the fastest pace in eight years last week, the data showed. Gulf Coast refiners net input of crude averaged 9.62 million bpd last week, up from 9.59 million bpd in the week prior to last, the data showed. (Reporting by Shariq Khan [Read more]
Hydro Vault Energy Inc.: Corporate Divestiture
Hydro Vault Energy Inc. (“Hydro Vault” or the “Company”) has engaged Sayer Energy Advisors to assist it with the sale of the shares of the Company. Hydro Vault is a junior oil and natural gas company with oil and natural gas interests located in the Greater Golden Spike area of Alberta (the “Property”). In the Greater Golden Spike area, Hydro Vault holds various working interests in approximately 9 sections of land at Golden Spike and Telfordville, on which there are oil and natural gas [Read more]
A blown call – global oil and gas production industry is indeed fully up to meeting future demand growth
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]
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]
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