A political understanding has been reached between Iran and the United States over the Iran war, but it has not yet been finalised, a senior Iranian source told Reuters on Friday. The source said U.S. Donald Trump's claim that uranium would be unearthed by the U.S. was not true, adding that the possible memorandum of understanding between Tehran and Washington does not include any nuclear-related issues. (Reporting by Parisa Hafezi; Editing by Aidan Lewis) [Read more]
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US crude production largely steady on the month in March, EIA says
U.S. crude production was largely steady in March at 13.7 million barrels per day, according to the Energy Information Administration on Friday. Crude production in Texas fell to 5.78 million bpd, marking a four-month low, while output in neighboring New Mexico was steady on the month at 2.31 million bpd. Texas and New Mexico are home to the prolific Permian Basin, which accounts for roughly half of U.S. crude output. U.S. crude production is expected to have risen since March, however, [Read more]
Chevron Names New General Counsel
R. Hewitt Pate to retire after 17 years with the company Scott A. Keller named general counsel HOUSTON--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today announced the appointment of Scott A. Keller as general counsel. Keller, 44, will join Chevron on July 1 as general counsel, and will report to Chevron’s current chief legal officer, R. Hewitt Pate, in anticipation of Pate’s expected retirement in mid-2027 after 17 years of service. Upon his expected appointment to the position [Read more]
Chevron won’t pay toll to move ships through Hormuz, CEO tells Bloomberg TV
U.S. oil and gas major Chevron will not consider paying a toll to move ships through the Strait of Hormuz, CEO Mike Wirth told Bloomberg TV on Friday. Wirth also said several vessels that transit through the Strait of Hormuz have been attacked in recent days. Perhaps not every day, but there have been "multiple incidents," he said. Chevron currently has six vessels under charter - belonging to a third party - in the waterway, Wirth said. It will be the ship owner who decides whether or [Read more]
Fiddlehead Resources Corp. announces Q1 2026 financial results
CALGARY, AB, May 29, 2026 /CNW/ - Fiddlehead Resources Corp. ("Fiddlehead," or the "Company") (TSXV: FHR), is pleased to announce the filing of its unaudited financial and operating results for the three months ended March 31, 2026. Selected financial and operating information should be read in conjunction with Fiddlehead's unaudited interim financial statements and related management's discussion and analysis ("MD&A") for the three months ended March 31, 2026 and 2025 ("2026 Q1 [Read more]
Receivership Sales Process – Energera (Frac Shack™ and Sandtinel®)
On March 17, 2026, pursuant to an Order of the Court of King’s Bench of Alberta (the “Court”), Alvarez & Marsal Canada Inc. was appointed as receiver and manager (the “Receiver”) of all the assets, undertakings and properties of Energera International Inc., Energera America Inc., Energera Inc., and Sandtinel LLC (collectively, the “Company”). On May 25, 2026, the Court granted a Sale Process Approval Order which, among other things, approved a sale process (the “Sale Process”) in respect [Read more]
Buffalo Potash Engages Rheaume Engineering for Initial Production Module Design At Flagship Disley Project
May 27, 2026 Highlights Buffalo Potash has engaged Rheaume Engineering Inc. to complete engineering design of an Initial Production Module (“IPM”) for the Disley Project; The IPM represents the first of three planned production facilities at Disley, with the IPM having a design capacity of 125,000 tonnes per annum (“TPA”) of potash production; and The engagement follows Buffalo’s recently completed Preliminary Economic Assessment, which outlines a modular development pathway [Read more]
South Bow Announces Successful Open Season
CALGARY, Alberta, May 29, 2026 (GLOBE NEWSWIRE) -- South Bow Corp. (TSX & NYSE: SOBO) (South Bow or the Company) announces the successful outcome of its open season, which closed on March 30, 2026, securing 20-year binding commitments for firm transportation service from Hardisty, Alta., to U.S. delivery points. South Bow will continue advancing its proposed Prairie Connector project toward a final investment decision (FID), targeted for mid-2027, while strictly adhering to the Company's [Read more]
Fed’s Schmid warns against viewing oil shock as transitory
Federal Reserve Bank of Kansas City President Jeffrey Schmid said on Friday that already-hot levels of inflation make it harder to assume the current energy shock will have only a temporary impact on pricing and can be ignored by the central bank. “My primary concern is inflation, which is too hot and has been above target for too long,” Schmid said in a speech delivered before a conference in Iceland. “I place little stock in assuming that the most recent run-up in prices is transitory [Read more]
How far have the U.S. and Iran got towards ending the Iran war?
The United States and Iran have reached an agreement to extend a ceasefire, allow shipping through the Strait of Hormuz and lift a U.S. blockade and some sanctions on Iran, sources told Reuters, but the deal has not been finalised. An agreement would represent a big step towards ending a war that has pushed the world towards an energy crisis, though the underlying dispute over Iran's nuclear programme would only be thrashed out in talks over subsequent weeks. WHERE HAVE THE DISCUSSIONS GOT [Read more]