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Hormuz vessel crossings fall further as security concerns linger

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Vessel crossings via the Strait of Hormuz dropped further on Tuesday, shipping data showed, as security concerns lingered amid ongoing attacks by the United States and Iran. A total of three commodity vessels crossed the strait on Tuesday, down from four the previous day, Kpler data showed. The general cargo ship the Kaiser exited the strait loaded with cargo, while the dry bulk carrier H7 Smb8 entered the strait in ballast, Kpler data showed, meaning it will take on a cargo in the [Read more]

Ensign Energy Services Inc. – Announces the Acquisition by Ensign Energy Services Inc. of Citadel Drilling Ltd.

CALGARY, AB, July 21, 2026 /CNW/ -- Ensign Energy Services Inc. ("Ensign") is pleased to announce that it, through a subsidiary, has entered into an agreement with the shareholders of Citadel Drilling Ltd. ("CDL") for Ensign to acquire, subject to certain closing conditions, all of the issued and outstanding shares of CDL (the "Transaction") for consideration of US$65 million (subject to closing adjustments).  Ensign will be funding the purchase price with cash on hand and available Credit [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 Jul. 20 Purchaser Roska DBO Chetwynd Jul. 18 FRACTURING OPERATOR - (MHT) Trican Well Service Ltd. Medicine Hat Jul. 17 Equipment Operator – Pipeline/Facility [Read more]

Saturn Oil & Gas Inc. Announces Pricing of Dual-Tranche US$575 Million and C$185 Million of Senior Unsecured Notes Due 2031 and Planned Redemption of Outstanding US$504 Million of Senior Secured Second Lien Notes Due 2029

Refinancing our existing 2029 notes enhances financial flexibility by transitioning to a senior unsecured note from senior secured Significantly reduces interest costs, extends tenor to 2031, eliminates the mandatory 10% amortization feature and relaxes covenants Calgary, Alberta--(Newsfile Corp. - July 21, 2026) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to announce that we have priced a private placement dual-tranche offering (the [Read more]

US war in Iran has cost $37.5 billion so far, Pentagon says

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The United States' war in Iran has cost $37.5 billion so far, U.S. Defense Secretary Pete Hegseth said on Tuesday, an increase of nearly $8 billion since the last public estimate. Hegseth told lawmakers at a hearing in Washington that the figure included certain aspects of the war as well as anticipated costs through September 30. It ⁠was unclear how the Pentagon arrived at the $37.5 billion figure. A source told Reuters in March that ⁠President Donald Trump's ​administration estimated the [Read more]

Suncor Energy to release second quarter 2026 financial results

Calgary, Alberta--(Newsfile Corp. - July 21, 2026) - Suncor Energy (TSX: SU) (NYSE: SU) will release its second quarter financial results on August 4, 2026 before 5:00 p.m. MT (7:00 p.m. ET). A webcast to review the second quarter will be held on August 5, 2026 at 7:30 a.m. MT (9:30 a.m. ET). A question and answer period with analysts will follow brief remarks from management. To listen to the webcast, please follow the instructions provided at https://www.suncor.com/en [Read more]

For the first month since Seven Generations merger in 2021, ARC Resources did not have highest condensate production in Canada – StackDX Intel

In May 2026, ~70% of Canadian C5+ condensate production was licensed to only 5 producers. Ovintiv, ARC Resources (soon to be part of Shell), Canadian Natural Resources, Tourmaline Oil and Whitecap Resources rounded out the top 5 (Figure 1). For the first time since ARC Resources' merger with Seven Generations in 2021, ARC was not the top condensate producer in the country on a gross licensed basis (Figure 2). That honour fell to Ovintiv in May, whose condensate production slightly eclipsed [Read more]

TC Energy brings two new western Alberta gas transport projects into service

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CALGARY - Natural gas shipper TC Energy Corp. says two newly built projects are up and running in western Alberta. The Calgary-based company says it invested a total of $500 million in its Valhalla North and Berland River projects. They're part of TC's vast NGTL System that carries natural gas throughout Alberta and B.C. Valhalla North is a 33-kilometre pipeline northwest of Grande Prairie, Alta., and Berland River is a 30-megawatt electric powered compressor station northwest of Edson, [Read more]

Kazakhstan’s disputes with oil majors

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Kazakhstan warned the head of an oil consortium that is developing the huge Kashagan oil field, and includes Shell and Exxon, of possible criminal prosecution for not paying a $5 billion environmental fine, two sources told Reuters on Tuesday. The move is the latest in a string of disputes which have led to international firms ceding partial control of the country's giant oilfields to the state or paying cash settlements. INTERNATIONAL OIL MAJORS IN KAZAKHSTAN: TENGIZ FIELD The [Read more]