US producers in the Gulf of Mexico shut in about 71.51% of the current daily oil production and 58.84% of the current daily natural gas production ahead of Hurricane Isaias, according to the Marine Minerals Administration. Personnel have been evacuated from 129 production platforms, representing 34.8% of the 371 staffed platforms in the Gulf of America, the agency said. It added that crews had also been evacuated from eight non-dynamically positioned rigs, equivalent to 72.7% of the 11 such [Read more]
Headlines
Ovintiv to Host its Third Quarter 2026 Results Conference Call and Webcast on November 4, 2026
DENVER, Oct. 9, 2026 /PRNewswire/ -- Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its third quarter 2026 results conference call at 8:00 a.m. MST, on Wednesday November 4, 2026. The Company plans to release its financial and operating results after market close, Tuesday November 3, 2026. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To join the conference call without operator [Read more]
Trump teases ‘big announcement’ on diesel
US President Donald Trump said on Friday there would be "big news" on diesel, as prices of that fuel remain at near record highs in the weeks before Nov. 3 congressional elections that will determine control of Congress. "We have a big announcement coming up on diesel," Trump said without elaborating at a White House event. "We have, I think, some big news on that diesel situation. We're going to be knocking the hell out of it." Diesel prices are up 70% since the US-Israeli war on Iran [Read more]
Vessel struck by unknown projectile off UAE coast amid surge in attacks, UKMTO says
A vessel was struck by an unknown projectile 13 nautical miles west of Al Jazeera in the United Arab Emirates on Friday, causing a fire that has since been extinguished, British navy affiliated agency UKMTO said, citing multiple sources. While there was no claim of responsibility, maritime security sources said on Friday that the strike was outside of the Hormuz area and indicated a widening of risk for ships. Earlier this week a tanker was struck off the coast of Qatar inside the [Read more]
Shell to take 30% stake in Equinor’s Bay du Nord oil project in Canada
Equinor and Shell have signed an agreement under which Shell will acquire a 30% interest in the Bay du Nord project offshore Newfoundland and Labrador in Canada, the companies said on Friday. * "The transaction supports the continued maturation of Bay du Nord towards an investment decision currently targeted for early 2027," Equinor said in a statement * Constructive engagement with provincial and federal governments has supported progress through key milestones and will remain important [Read more]
Shell to Acquire 30% Non-Operated Interest in Bay du Nord Project
CALGARY, AB, Oct. 9, 2026 /CNW/ -- Shell Canada Energy, an affiliate of Shell plc ("Shell"), has reached an agreement with Equinor to acquire a 30% non-operated interest in the Bay du Nord project. The transaction provides Shell with an attractive entry point, with expected returns above our hurdle rate, and exposure to an established resource base with potential longer-term growth, consistent with our disciplined approach to building a competitive portfolio. The [Read more]
Argo’s August Oil Production
Toronto, Ontario--(Newsfile Corp. - October 9, 2026) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") August 2026 oil production was 2,838 barrels, averaging 91 barrels per day. Oil prices averaged CAD$87 per barrel, and Argo's oil revenue was $247,143 and net operating cash flow was $140,447. August 2026 Oil Production Argo's interest Argo's Oil Revenue Argo's net operating cash flow Lindbergh 1 (37.5% [Read more]
Diesel-fuelled price hikes could stoke food inflation this fall, experts warn
Food experts and economists expect the global run-up in diesel prices will have consumers bracing for a tough winter at the grocery store. The ongoing war in Iran has driven a global energy shock that has spurred higher prices on regular gasoline as well as diesel. The closure of the Strait of Hormuz is disrupting oil shipments from the Gulf region, as well as other critical inputs such as fertilizer. The diesel that fuels trucks and ships is a key input for Canada's food supply chain, [Read more]
Soaring freight rates threaten Asia’s appetite for US crude
Tanker freight rates soaring to record highs are putting US crude oil out of reach for Asian refiners, pushing them to seek alternatives from the Middle East and Latin America, according to multiple traders and shipbrokers who track those markets. The cost of chartering a very large crude carrier (VLCC) to carry 2 million barrels of US oil from the Gulf of Mexico to China in November hit $80 million this week, according to data from shipbrokers Simpson, Spence & Young on LSEG. This [Read more]
Cavvy Energy to Hold Conference Call and Webcast to Discuss Third Quarter 2026 Results and Announces Participation at Schachter Catch the Energy Conference
Not For Distribution to United States News Wire Services or Dissemination in United States CALGARY, Alberta, Oct. 08, 2026 (GLOBE NEWSWIRE) -- Cavvy Energy Ltd. (“Cavvy” or the “Company”) (TSX:CVVY) will release its financial and operating results for the third quarter of 2026 on Thursday, November 5, 2026, after market close. President & Chief Executive Officer Darcy Reding and Chief Financial Officer Adam Gray will discuss the financial results and recent company developments on an [Read more]