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]
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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]
Parex Resources Announces Production Update and Timing of Q3 2026 Results
CALGARY, Alberta, Oct. 08, 2026 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) announces a production update as well as plans to release its Q3 2026 financial & operating results on Friday, November 6, 2026. Q3 2026 Production Update(1)(2) Q3 2026 average production was 83,259 boe/d. Production in September was supported primarily by increased production from near-field exploration success at LLA-111 in the Eastern Llanos. Parex is reiterating [Read more]
Discount on Western Canada Select widens again
The discount on Western Canada Select (WCS) crude oil to North American benchmark West Texas Intermediate futures widened again on Thursday, as soaring global freight prices continue to put pressure on Canadian barrels re-exported off the US Gulf Coast. WCS for November delivery in Hardisty, Alberta, settled at $25.20 a barrel below the US benchmark WTI, according to brokerage CalRock, compared with $25.15 on Wednesday. The discount remains more than $10 wider than it was at this point in [Read more]
US natural gas supply growth to outpace demand this winter, NGSA says
The US natural gas market is expected to see supply growth outpace demand this winter despite rising LNG exports, the Natural Gas Supply Association, an industry group, said in its winter outlook on Thursday. US dry gas production is expected to average 112.5 billion cubic feet per day (bcf/d) this winter, up roughly 2.5 bcf/d from last year and roughly 7 bcf/d above the three-winter average, NGSA said. Here are some details from the report: * With this year’s projections based on [Read more]
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