CALGARY - A drilling rig was being retooled in Alberta. Trucks and cranes were set to ship from Denmark. More equipment was due from Houston. And a Quebec shipping firm was preparing to receive cargoes from those far flung locales at a port west of Montreal, load them Tetris-style onto vessels and sail this fall to Greenland's rugged and inhospitable east coast. All this, in preparation for what would be the first oil wells to be drilled in the barren tundra of Jameson Land Basin. But [Read more]
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Comstock to sell Haynesville asset stakes to Azerbaijan’s SOCAR for $1.65 billion
Comstock Resources said on Tuesday it plans to sell stakes in its Haynesville shale assets and related midstream business to Azerbaijan's SOCAR for $1.65 billion in cash, as the U.S. natural gas producer aims to reduce its debt. The deal would give SOCAR stakes in Comstock's Legacy and Western Haynesville assets, as well as the Pinnacle Gas Services midstream business. The companies expect to close the transaction by year-end. Comstock said the deal will help reduce its pro forma net [Read more]
Bond selloff deepens as rising energy prices stoke inflation fears
Selling drove global bond yields to major new highs on Tuesday as renewed fighting in the Middle East lifted oil prices above $90 a barrel and put pressure on stock markets around the world. Japan's 10-year benchmark hit 3% for the first time in a generation. The 10-year U.S. Treasury yield, a benchmark for prices across asset classes, hit its highest since early 2025 at 4.78% and futures for French and German debt extended selling that earlier drove yields to 15-year highs. "I think there [Read more]
US judge rules shale oil antitrust case can proceed against major producers
Diamondback Energy, Occidental Petroleum and several other U.S. oil producers failed to persuade a federal judge to dismiss a series of lawsuits alleging they conspired to curb output, leading to higher prices for crude oil and related products such as gasoline, diesel fuel and home heating oil. Here are the details: * U.S. District Judge Matthew Garcia in New Mexico said in an order on Monday that plaintiffs in the antitrust litigation had plausibly alleged that the producers conspired to [Read more]
InPlay Oil Corp. Confirms Monthly Dividend for September 2026
CALGARY, AB, Sept. 1, 2026 /CNW/ -- InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to confirm that its Board of Directors has declared a monthly cash dividend of $0.09 per common share payable on September 29, 2026, to shareholders of record at the close of business on September 15, 2026. The monthly cash dividend is expected to be designated as an "eligible dividend" for Canadian federal and provincial income tax purposes. About InPlay [Read more]
Paramount Resources Ltd. Announces September Dividend
CALGARY, AB, Sept. 1, 2026 /CNW/ -- Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on September 29, 2026 to shareholders of record on September 15, 2026. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. ABOUT PARAMOUNT Paramount is an independent, publicly traded Canadian energy company that [Read more]
Two tankers carrying Saudi oil attacked in Strait of Hormuz
Two supertankers carrying Saudi oil were struck by unknown projectiles within minutes of each other while transiting outbound through the Strait of Hormuz late on Monday, according to shipping intelligence and tracking firms Marisks and Kpler. "The near-simultaneous incidents represent a further escalation in the threat environment within the Omani corridor," Marisks said. The tankers each loaded 2 million barrels of Saudi crude at the Juaymah terminal last week, Kpler data showed. Saudi [Read more]
Trump’s oil deal with Venezuela raises red flags for some major producers, sources say
An unprecedented deal for the U.S. to gain access to a fifth of Venezuela's oil reserves - and the central role a Venezuelan businessman will play - is prompting questions and hesitation from some oil companies evaluating potential investments in the country, sources familiar with the situation told Reuters. A White House fact sheet released late on Monday outlined an arrangement under which private oil firm North American Blue Energy Partners (NABEP) would receive a 100-year lease for 17 [Read more]
The Americas’ oil bonanza will outlast the Iran conflict: Bousso
From Canada to Argentina, oil producers across the Americas have enjoyed a windfall during the Iran warby capturing market share lost by Middle Eastern exporters. The renewed focus on energy security globally could transform this emergency response into a lasting structural change. Oil production in the Americas has become a viable alternative to the Middle East's vast hydrocarbon resources since the outbreak of the Iran war and the closure of the Strait of Hormuzsix months ago, which [Read more]
Iraq seeks premium for Sept oil loading outside Hormuz, document shows
Iraq has set floor prices for its Basrah Medium oil offered via a tender for loading in September from outside the Strait of Hormuz, a tender document reviewed by Reuters showed on Tuesday. Iraq's national oil company SOMO is asking participants in its tender, issued last month, for a premium over the destination market benchmark, the document shows, and a trade source confirmed. For September 1 to 10 lifting SOMO is asking for a minimum premium of 20 cents per barrel over the destination [Read more]
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