Benchmark Brent crude oil futures rose past $100 a barrel on Wednesday, hitting a more than six-week high and breaching the symbolic threshold for the first time since July 24 as intensifying conflict in the Middle East heightened concernsabout oil flows from the region. Brent crude futures were up $2.01, or 2.05%, at $99.93 a barrel by 0802 GMT, after earlier touching $100.19, while U.S. West Texas Intermediate crude was up $1.49, or 1.60%, at $94.52 a barrel. Brent crude prices have [Read more]
Headlines
GLJ Strengthens Strategy & Sustainability Advisory Services to Support Complex Energy Decisions
CALGARY, AB, September 9, 2026: GLJ Ltd. (“GLJ”), global energy consultants, has strengthened its Strategy & Sustainability Advisory offering to help clients identify risk exposure, create value and build long-term resiliency across increasingly complex energy markets. Organized around three interconnected business lines, Strategic Market Development, Premium Product Positioning and Sustainable Asset Performance, the team connects strategy, product and performance considerations with the [Read more]
EY study finds US oil and gas producers reach record production while investing more selectively in future growth
Oil production hit a study-period high while reserve replacement fell below 100% for the first time since 2021. Capital expenditures declined 49% and exploration represented just 3% of total spending in 2025. Natural gas reserves reached a five-year high, supported by higher discoveries, exports and rising electricity demand. HOUSTON, Sept. 9, 2026 /PRNewswire/ -- The US oil and gas industry is increasingly focused on improving the performance of existing assets while maintaining [Read more]
Your Engineering Firm Has the Technical Expertise. Is That Enough?
Why communication and collaboration are becoming critical to project execution. Engineering has always been a technical business. But ask experienced energy leaders what makes the difference between a project that moves smoothly and one that becomes difficult, and the answer is rarely technical expertise alone. More often, it comes down to communication. Did the right people talk early enough? Were emerging issues raised before they became problems? Did disciplines work together or in [Read more]
Oil prices fly blind as the Hormuz enigma deepens: Bousso
How much oil is flowing through the Strait of Hormuz? Traders, energy executives and government officials are all trying to figure it out – but are reaching wildly different conclusions. It is, however, increasingly clear that this mystery has introduced a residual risk premium into crude prices that could remain deeply entrenched for months. Benchmark Brent crude rose above $100 a barrel on Wednesday to its highest level since July 24 after a fresh wave of Iran-backed Houthi attacks on Saudi [Read more]
Oil tanker hit in Iraqi waters, as vessels get caught in US-Iran attacks
A tanker carrying about 2 million barrels of Iraqi fuel oil was struck by a drone in Iraqi territorial waters on Wednesday, port officials said, and British navy-affiliated UKMTO reported that several merchant vessels in the Gulf had been hit by disabling fire overnight. A fire broke out aboard the Panama-flagged oil tanker New Andros after it was hit in Iraqi waters at around 6 a.m. (0300 GMT) on Wednesday, two Iraqi port officials told Reuters. There were no reports of casualties among [Read more]
Iran attacks US base in Jordan, ships near Hormuz after tankers sunk
Iran's Revolutionary Guard said it fired ballistic missiles at a base in Jordan used by the U.S. military and attacked 10 ships on Wednesday, after the U.S. said it had destroyed five Iranian oil tankers, in a sharp escalation of the six-month-old war. Increased attacks by both the U.S. and Iran have shattered a month of relative calm, hitting military, shipping and energy assets, sending oil prices surging and drawing in regional allies in recent days. The Americans said they destroyed [Read more]
Shipping traffic via Strait of Hormuz stays below 10-day average, data shows
Six commodity vessels transited the Strait of Hormuz on Tuesday, down from nine a day earlier and below the 10-day average of about 12, preliminary shipping data showed on Wednesday. The figures could change as some ships typically switch off their transponders during the voyage. Of the six vessels, five were entering and one was exiting, initial data from shiptracker Kpler showed at 0200 GMT. They included one Panamax and one intermediate tanker. The U.S.-Israeli war on 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 Sep. 8 Office Administrator Roska DBO Slave Lake Sep. 3 Senior Materials Coordinator Strike Group Whitecourt Sep. 2 Document Control Support Strike [Read more]
Alberta landowners take regulator to court over oil well cleanup
A group of Alberta landowners are going to court to argue that the province's energy regulator has chronically and knowingly underfunded a program meant to protect the public from the cost of cleaning up abandoned oil and gas wells. The legal action is the culmination of years of simmering tension between farmers and ranchers and oil and gas producers in Canada's main energy-producing province, which has struggled to cope with the thousands of so-called "orphan" wells that dot Alberta's rural [Read more]
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