Pipeline operator Enbridge said on Wednesday it would acquire Salt Creek Midstream's crude oil gathering business for $600 million in cash, expanding its presence in the crude-rich Permian Basin. The Permian Basin, the largest oil-producing region in the United States, continues to attract investment in gathering systems and pipeline networks as companies work to transport crude volumes through export terminals on the U.S. Gulf Coast. Here are more details: * Enbridge said the [Read more]
Headlines
Japan to diversify crude supplies, back pipelines that bypass Hormuz
Japan unveiled a comprehensive plan on Wednesday to strengthen the resilience of its energy supply, including support for pipeline projects that bypass the Strait of Hormuz, the gateway to almost all of its imported crude before the Iran war. The plan was outlined at a meeting of the government's Green Transformation (GX) Implementation Council and specific measures, including legislative steps, are expected to be finalised by the end of the year. * Prime Minister Sanae Takaichi ordered [Read more]
Enbridge to Extend Permian Export Value Chain with Acquisition of Salt Creek Midstream’s Crude Gathering Business
CALGARY, AB, Aug. 26, 2026 /CNW/ -- Enbridge Inc. (Enbridge) (TSX: ENB) (NYSE: ENB) announced today that, through a wholly-owned subsidiary, it has entered into a definitive agreement to acquire Salt Creek Midstream's crude oil gathering business, comprising 100% of the Orla and Wink North systems and a 50% interest in the Delaware Crossing (DCX) system for cash consideration of US$600 million. The business includes approximately 500 miles of crude oil gathering infrastructure located in the [Read more]
Iran war sinks into energy trench warfare six months on: Bousso
Six months into the U.S.-Iran war, the conflict is hardening into a stalemate that could last well into 2027, with energy markets held hostage, inflation elevated and neither side willing – or able – to back down. The war, which has killed thousands and inflicted extensive damage across the Middle East, has undergone a profound transformation. It began on February 28 as a joint U.S.-Israeli effort to cripple Iran militarily, aiming to eliminate Tehran’s nuclear program, weaken its proxy network [Read more]
As war strands Qatari gas for 6 months, US sales rise and European stocks plummet
Six months into the U.S.-Iran war, Qatar is among the conflict's biggest economic casualties, with its liquefied natural gas exports slashed by 96%, data shows. Saudi Arabia, the UAE, Iraq and Kuwait have seen their oil exports hit, but by nowhere near as much. Qatar has lost $24 billion in gas sales, which is about five months’ worth of income for the country based on 2025 data, Reuters calculations show. While neighbouring Gulf exporters have managed to sneak oil secretly out of the [Read more]
Gulf ship traffic via Strait of Hormuz hovers below 10-day average, data shows
Five commodity vessels transited the Strait of Hormuz on Tuesday, little changed from a day earlier but well below the 10-day average of 15, preliminary shipping data showed on Wednesday. Two tankers carrying liquefied petroleum gas and one tanker carrying bitumen exited the Gulf via the strait, while two empty product tankers entered the waterway from the Gulf of Oman, initial data from shiptracker Kpler showed at 0408 GMT. On Monday, four commodity vessels transited the waterway, the data [Read more]
Some oil companies to avoid ships on Iran blacklist, sources say
At least three Indian oil refiners and a global energy major plan to stop using vessels on Iran's new blacklist, including for ship-to-ship transfers, due to security concerns, four sources with direct knowledge of the matter said this week. Tehran announced on Sunday a blacklist of 45 ships it said had broken its rules for crossing the Strait of Hormuz, and would take action against any vessels transferring loads with them, escalating its threats over the key waterway for global energy [Read more]
Oil prices slide 2% on Iran-Oman talks to reopen Strait of Hormuz
Oil prices dropped about 2% on Wednesday, adding to the previous session's losses, on fresh hopes the Strait of Hormuz could reopen after Iran said it had resumed talks with neighbour Oman on managing the strategic waterway. Brent crude futures fell $1.78, or 2.0%, to $86.80 a barrel by 0027 GMT, while U.S. West Texas Intermediate crude futures were down $1.49, or 1.8%, at $80.87. Both benchmarks lost more than 3% on Tuesday. "The market continues to react to developments surrounding [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. 24 Field Operator Roska DBO Fox Creek Aug. 24 4th Class Power Engineer / Gas Plant Operator Roska DBO Peace River Aug. 24 Construction QC [Read more]
Iran and Oman discuss temporary Hormuz corridor as impasse with US drags on
Iran said it had restarted talks with neighbor Oman to manage the Strait of Hormuz as it faces heightened economic pressure from U.S. President Donald Trump in the wider conflict. Iran and Oman have been in on-and-off talks for weeks about controlling traffic through the strategic waterway, which handled one-fifth of global oil and liquefied natural gas shipments before the war began in February. Most shipping has been shut down since then. The two countries said on Tuesday that they discussed [Read more]
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