Oil prices rose by more than $2 a barrel in early trade on Wednesday on shrinking U.S. crude inventories, recouping some of the previous session's losses caused by a pause in fighting between Washington and Tehran. Brent futures increased by $2.71, or 3.2%, to $86.80 a barrel at 0002 GMT, while U.S. West Texas Intermediate (WTI) crude rose $2.26, or 3.4%, to $81.95. U.S. crude inventories fell by about 3.3 million barrels in the week ended July 24,market sources said on Tuesday, citing data [Read more]
Headlines
Precision Drilling Announces 2026 Second Quarter Unaudited Financial Statements
CALGARY, Alberta, July 28, 2026 (GLOBE NEWSWIRE) -- This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. This news release contains references to certain Financial Measures and Ratios, including Adjusted [Read more]
Pulse Seismic Inc. Reports Q2 2026 Financial Results and Declares Regular Quarterly Dividend
CALGARY, Alberta, July 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 and six months ended June 30, 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 declared a regular [Read more]
Top US oil trade group opposes Hormuz tolls after Gulf-backed voluntary fee proposal
The American Petroleum Institute opposes tolls or transit fees for vessels crossing the Strait of Hormuz, the top U.S. oil industry trade group's chief executive Mike Sommers told Reuters in an interview on Tuesday. Reuters reported that Oman has presented Iran with a plan backed by Gulf states to manage the Strait of Hormuz, which includes Tehran collecting voluntary fees from vessels using the waterway, according to a Gulf source and a Western diplomat. Here are some more details: * "I [Read more]
Trican Reports Second Quarter Results for 2026 and Declares Quarterly Dividend
Calgary, Alberta--(Newsfile Corp. - July 28, 2026) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") is pleased to announce its second quarter results for 2026. The following news release should be read in conjunction with Management's Discussion and Analysis ("MD&A"), the unaudited condensed consolidated interim financial statements and related notes for the three and six months ended June 30, 2026, as well as the Annual Information Form ("AIF") for the year ended December [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 Jul. 27 Journeyperson Electrician Strike Group Lloydminster Jul. 27 3rd/4th Year Apprentice Electrician Strike Group Edmonton Jul. 27 Journeyperson [Read more]
Cardinal Energy Ltd. Announces Second Quarter 2026 Operating and Financial Results
Calgary, Alberta--(Newsfile Corp. - July 28, 2026) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to announce its operating and financial results for the second quarter ended June 30, 2026. FINANCIAL AND OPERATING HIGHLIGHTS FROM THE SECOND QUARTER OF 2026 Second quarter 2026 production of 25,636 boe/d increased by 21% compared to the same period in 2025 primarily due to crude oil production additions from the Reford 1 steam-assisted gravity drainage [Read more]
Western Energy Services Corp. releases second quarter 2026 financial and operating results
CALGARY, AB, July 28, 2026 /CNW/ -- Western Energy Services Corp. ("Western" or the "Company") (TSX: WRG) announces the release of its second quarter 2026 financial and operating results. Additional information relating to the Company, including the Company's financial statements and management's discussion and analysis ("MD&A") as at June 30, 2026 and for the three and six months ended June 30, 2026 and 2025 will be available on SEDAR+ at www.sedarplus.ca. Non-International [Read more]
Yemen’s Houthis say they fired missiles at Saudi oil tanker in Red Sea
Yemen's Houthis said they fired ballistic missiles at a Saudi oil tanker in the Red Sea, stepping up enforcement of a newly declared maritime blockade of Saudi Arabia. The Iran-aligned group's military spokesperson, Yahya Saree, said the vessel had breached the blockade, ignored warning calls and was forced to change course. Separately, the United Kingdom Maritime Trade Operations agency said on Tuesday that the master of a tanker had reported hearing an explosion while transiting the southern [Read more]
Iran war deal to have no fees, no tolls for passage through Strait of Hormuz, US official says
There are going to be no tolls and no fees for passage through the Strait of Hormuz in a coordination deal being discussed in relation to the waterway restricted by the Iran war, a U.S. official said on Tuesday. The U.S. official said Iran was making unreasonable demands that were rejected by Oman and the United States. (Reporting by Jarrett Renshaw; writing by Kanishka Singh in Washington; editing by Jasper Ward) [Read more]
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