Headlines

The United States and Saudi Arabia jointly struck Iran-backed groups in Iraq on Wednesday, and President Donald Trump vowed to "beat the fucking shit" out of Iran for firing on U.S. troops just days after he suspended airstrikes. Iran confirmed late Tuesday that it had fired on U.S. bases in Jordan and at ships in the Strait of Hormuz, and also spurned an Omani proposal to jointly manage the strait. "We'll be hitting them hard," Fox News quoted Trump as saying. "We're going to beat the fucking [Read more]

U.S. commercial oil inventory drew more than expected last week as refineries stepped up processing and exports climbed, the Energy Information Administration said on Wednesday, as the war between the United States and Iran escalated. Crude inventories, excluding stocks in the U.S. government's Strategic Petroleum Reserve, fell by 7.2 million barrels to 404.5 million barrels, the in the week ended July 24, the EIA said, the lowest level since 2018. That compared with analysts expectations in a [Read more]

The MERA Oil consortium of U.S. and Saudi Arabian companies is advancing plans for a $5 billion integrated refinery and export corridor in the Gulf aimed at boosting regional energy infrastructure, its partners said on Wednesday, as the Iran war continues to disrupt energy flows. * Texas-based energy development company MWG Group, the Patel Family Office and PWS, an associate company of Saudi industrial conglomerate AHQ Group, have entered the final stage of site selection for the refinery, [Read more]

The United States on Wednesday issued another round of Iran-related sanctions, taking aim at Iran's efforts to "monetize the Strait of Hormuz" with designations of 10 entities and eight more tankers, the U.S. Treasury Department said. Six of the entities targeted for sanctions were based in China, it said. The sanctions followed a vow by U.S. President Donald Trump earlier on Wednesday to hit Iran hard, according to an interview with Fox News, after the U.S. military said it had [Read more]

Anyone suggesting we ‘advance’ trade discussions with the US by threatening to cut off or otherwise hinder energy supplies should be locked in a cage with a wolverine and a suppository and a mandate. I wish I was joking. But I’m not. The idea is so…bad. People. People. Stop hyperventilating. Stop throwing out panicked and insane ideas. Stop. Think. As a starting point, maybe think twice about threatening the energy supply of the most powerful nation on earth, the one that we overwhelmingly [Read more]

In Alberta’s oil and gas sector, community impact has always gone hand-in-hand with operational excellence. Whether supporting local economies, driving innovation, or giving back to the communities where we work, the industry has a long-standing commitment to making a difference. This September, there’s another opportunity to do just that while enjoying a late summer day on the course with peers and partners! The 3rd Annual GDM Golf Charity Classic returns on September 2, 2026, at the [Read more]