Efficiency has long been the prime objective of business and government policy. But the pandemic, trade wars and armed conflicts have called this into question, stressing the importance of resilience. Yet this too comes with a cost, and it’s one many elected leaders aren’t eager to pay. For generations, students of microeconomics and business have been taught that a firm should use scarce resources efficiently to maximise profits and shareholder value. The post-Cold War era became the [Read more]
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US energy secretary says Venezuela oil output to more than double in next few years
U.S. Energy Secretary Chris Wright said on Tuesday after landing in Venezuela that deals that oil companies from the U.S. and other countries sign tomorrow in Caracas will lead to a more than doubling of crude production in the next few years. Wright is on a one-day trip to the founding OPEC member, his second since U.S. forces seized Venezuela's leader Nicolas Maduro in January. Venezuelan oil production peaked above 3 million barrels per day in the late 1990s but plummeted after that on [Read more]
Venezuela’s oil exports almost unchanged at 1.17 million bpd in Aug, data shows
Venezuela's oil exports remained almost unchanged in August at 1.17 million barrels per day, with a larger flow to India and Europe compensating for lower shipments to the U.S., its main market, according to documents and vessel monitoring data on Tuesday. The number of tankers lining up to load and their average waiting time increased last month as the poor condition of state-run PDVSA's terminals and crude quality issues caused longer delays, a roadblock on a U.S. plan to quickly boost the [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 Aug. 31 Journeyperson Instrumentation Technician Strike Group All Areas Aug. 31 Mechanic Silverline Oilfield Services Virden Aug. 31 Environmental Inspector [Read more]
B.C. government confirms errors worth $1.46B in gas revenue forecasts
Errors including botched currency conversions led the British Columbia government to overstate its forecasted natural gas revenues by about $1.46 billion over five fiscal years, officials confirmed on Tuesday. Senior staff with the ministries of energy and finance told a technical briefing the administrative errors had been independently verified and corrections would be included in the province's quarterly fiscal report expected later this month. The briefing heard the impact on B.C.'s [Read more]
Journey Announces Closing of Northwest Assets Disposition
Calgary, Alberta--(Newsfile Corp. - September 1, 2026) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to announce the closing of its previously announced disposition. The assets sold include the Ante Creek pool and the Pine Creek gas field as well as certain of Journey's minor properties in Northwest Alberta. The Assets are currently producing approximately 1,170 boe/d (68% liquids) and carry end-of-life costs of approximately $31 million. The proceeds [Read more]
Tourmaline declares quarterly dividend
CALGARY, AB, Sept. 1, 2026 /CNW/ -- Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.50 per common share. The dividend will be payable on September 29, 2026 to shareholders of record at the close of business on September 15, 2026. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. Reader [Read more]
TSX down nearly 450 points as oil prices rise, U.S. stock markets also lower
TORONTO - Canada’s main stock index fell nearly 450 points, while U.S. markets were also negative and oil prices rose amid more U.S. military strikes on Iran. The U.S. military hit targets in Iran on Tuesday after it said Tehran tried to attack commercial ships and American forces in the Middle East, as hostilities flare once again in an intermittent war that has lasted more than six months. The U.S. strikes, and others on Sunday, abruptly ended a month without military action and threaten to [Read more]
Pine Cliff Energy Ltd. Declares Monthly Dividend for September 30, 2026
Calgary, Alberta--(Newsfile Corp. - September 1, 2026) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") has declared a regular monthly dividend of $0.00125 per common share to be paid September 30, 2026, to shareholders of record on September 15, 2026. The dividend is designated as 85% non-eligible and 15% eligible for Canadian income tax purposes. About Pine Cliff Pine Cliff is a natural gas and crude oil company with a long-term view of creating [Read more]
US officials defend Venezuela oil deal, say agreement part of path to democracy
U.S. officials on Tuesday defended Washington's deal to take an equity stake in a venture to operate oilfields in Venezuela and the businessman who will run it, casting the agreement as part of a process that would help the U.S. secure a reliable and stable supply of crude while helping to rebuild a country hollowed out by decades of corruption. Speaking to reporters, one of the officials said the arrangement that will give the U.S. access to around a fifth of Venezuela's oil reserves is "a [Read more]
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