Oil prices edged higher in early trade on Wednesday, clawing back some of the previous session's losses, as investors assessed whether the Iran war will truly end and the Strait of Hormuz reopen. Brent crude futures gained 47 cents, or 0.6%, to $79.43 a barrel, while U.S. West Texas Intermediate rose to $76.53 a barrel, up 48 cents, or 0.6%, as of 0038 GMT. Both benchmarks fell about 5% for a second straight session on Tuesday to three-month lows on hopes a U.S.-Iran deal would allow oil [Read more]
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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 Jun. 16 4th Class Power Engineer with 3-5 Years Experience Roska DBO Grande Prairie Jun. 16 Office/Payroll Administrator Highvale Energy Limited Calgary Jun. [Read more]
Surge Energy Inc. announces approval for renewal of normal course issuer bid
CALGARY, AB, June 16, 2026 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted Surge's notice of intention to renew the Company's normal course issuer bid ("NCIB") for its outstanding common shares ("Common Shares") in accordance with the rules and policies of the TSX. The NCIB is an integral component of the Company's return of capital framework for the distribution of excess free [Read more]
Developing world won’t completely entrust energy security to the US, says Cheniere Energy’s CFO
Cheniere Energy does not expect developing countries to rely solely on the U.S. for their energy security, its Chief Financial Officer, Zach Davis, said on Tuesday. “I don’t see many countries in the developing world, especially at this moment in time, trusting 100% of their energy security to the U.S.,” Davis told an engineering, procurement and construction conference in Houston. His comments came as details started to emerge of an interim deal to end the U.S.-Iran war and reopen the Strait [Read more]
Journey Announces Expansion to 2026 Capital Program, Increased Duvernay Drilling, and Provides Updated 2026 Production Guidance
Calgary, Alberta--(Newsfile Corp. - June 16, 2026) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to announce it has expanded its 2026 capital program and now anticipates participating in 16 gross (4.2 net) Duvernay wells and associated infrastructure. DUVERNAY UPDATE Journey is pleased to announce a significant expansion to its 2026 Duvernay capital program and to provide an update on the current status of operations within its Joint Venture (JV) [Read more]
Iran deal includes $300 billion fund, more than half of which already committed, source says
A $300 billion private fund designed to trigger investment into Iran is outlined in the U.S.-Iran framework agreement and more than half that sum has already been committed, a source with direct knowledge of the deal told Reuters. The fund is designed to give both sides an economic incentive to conclude a final deal, said the source, who spoke on condition of anonymity because the plan has not yet been announced as Washington and Tehran prepare to sign on Friday. U.S. and Iranian officials [Read more]
Hanwha Ocean Signs Strategic Memorandum of Understanding with Kanata Clean Power for Proposed Floating LNG Project in Canada
Strategic partnership contemplates collaboration on engineering, construction, operations, investment and LNG offtake for proposed 12 MTPA export facility at Prince Rupert, British Columbia SEOUL, South Korea, and VANCOUVER, BC, June 16, 2026 /CNW/ - Hanwha Ocean Co., Ltd. ("Hanwha Ocean") today announced that it has entered into a non-binding Memorandum of Understanding ("MOU") with Kanata Clean Power & Climate Technologies Corp. ("Kanata") regarding the proposed development [Read more]
Lower costs see oil sands emerge as one of North America’s most attractive plays
Analysts call for more pipeline capacity amid tightening global heavy oil market By Will Gibson on June 15, 2026, 8:43 pm MDT Facilities at the Blackrod SAGD oil sands project in northern Alberta. Photo courtesy International Petroleum Corporation Alberta’s oil sands have emerged as one of North America’s most attractive oil plays as costs rise in competing basins like the Permian in Texas, according to a recent report. The oil sands hold 177 billion barrels of proved reserves, [Read more]
U.S. grid’s $1 trillion problem could equal a $1 billion payout for power CEOs
The U.S. electric grid’s mounting reliability problems have contributed to higher power bills for millions of homes and businesses. Fixing it could offer a massive payout opportunity for the executives charged with that task. CEOs of the 15 largest U.S. power companies are sitting on nearly $1 billion in stock-based pay, according to a Reuters analysis of regulatory disclosures, value that is poised to keep rising as their firms invest heavily to fix America's electrical grid. That's [Read more]
US natgas prices at Waha turn positive for first time since February as pipeline constraints ease
U.S. spot natural gas prices for Tuesday at the Waha Hub in West Texas turned positive for the first time since early February as demand for the fuel rises with the coming of the summer air conditioning season and energy firms start to wrap up spring pipeline maintenance. Electric companies burn more gas as homes and businesses crank up their air conditioners during the summer. About 40% of U.S. power generation comes from gas-fired plants. Before Tuesday, next-day prices at Waha had remained [Read more]
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