Enercapita Energy Ltd. (“Enercapita” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale of its oil and natural gas interests located in the Boundary Lake North area of northeastern British Columbia (the “Property”). The Company is selling the Property in order to focus its operations on its core properties. At Boundary Lake North, Enercapita holds a primarily 100% working interest in approximately 13.25 sections of land on which there are horizontal oil [Read more]
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Enbridge, Trans Mountain and Wolf will be talking Oil Egress on Thursday. Spots limited. Reserve yours here.
REGISTER HERECanadian Oil Market Access Is at a Critical Inflection Point — Are You Ready? CHOA Leads: Canadian Oil & Gas Egress & Market Access - June 4 - Calgary Petroleum Club The decisions shaping Canada’s barrels are being made right now. Join the conversation with the people driving those changes. Since Canada and Alberta signed the MOU last November declaring an Indigenous co-owned pipeline to Asian markets a project of national interest, the conversation around Canadian [Read more]
GLJ and Petrel Robertson Consulting Ltd. Combine Expertise to Support Continued Growth
June 2, 2026 (L-R): Alan Withey, Jodi Anhorn, Tracy Bellingham, Kathleen Dorey, Michael Livingstone, Brad Hayes CALGARY, AB – GLJ Ltd. (“GLJ”), global energy consultants, today announced the completion of its acquisition of Petrel Robertson Consulting Ltd. (“PRCL”), a respected Canadian geoscience and engineering consulting firm. As a result of the acquisition, GLJ will strengthen its position as a leading provider of geoscience, engineering, and energy consulting services by [Read more]
IEA sees possibility of critically low stockpiles ahead of peak summer demand
Global oil inventories could hit critical levels ahead of the peak summer demand period if stock draws continue at their current pace, the head of the International Energy Agency's oil industry and markets division said on Tuesday. "We're seeing stock draws continuing into the summer, and with the possibility or the likelihood that we reach critical levels or historical low levels just ahead of the peak summer demand," said Toril Bosoni. It could take six to eight months in the best-case [Read more]
ADNOC trading chief flags August as tipping point for oil prices
August could mark a tipping point for much higher oil prices if demand rises and the Iran war supply crisis persists, an Abu Dhabi state oil company executive said on Tuesday, adding it could take a year for supply chains to recover even after flows normalise. Transit through the Strait of Hormuz will remain partial and below pre-war levels as long as uncertainty over peace persists, Philippe Khoury, ADNOC's executive vice president for sales and trading, told the Middle East Petroleum and [Read more]
MiQ certifies Shell’s full Gulf of America production portfolio at Grade A for methane emissions performance
LONDON, 2 June 2026 /PRNewswire/ -- MiQ, the global leader in methane emissions certification, today announced that it has certified Shell Offshore Inc. (Shell)'s entire production portfolio in the Gulf of America (GoA), making Shell the first operator to achieve MiQ certification in the basin. All 10 of Shell's production assets received MiQ's top methane emissions performance grade - Grade A. To achieve this certification, Shell's production assets in the GoA successfully completed a [Read more]
Oil slips after Trump says talks with Iran are ongoing
Oil prices trended lower on Tuesday following the previous session's sharp gains as the market remained cautious about progress in U.S.-Iran peace talks. U.S. President Donald Trump said on Monday talks with Iran were ongoing, while Tasnim news agency reported earlier that Tehran had suspended indirect negotiations with Washington. Brent crude futures lost 75 cents, or 0.79%, to $94.23 a barrel at 0434 GMT, while U.S. West Texas Intermediate fell 85 cents, or 0.92%, to $91.31 a [Read more]
Asia’s imports of US crude surge, but can’t offset Hormuz losses: Russell
A surge of U.S. crude oil is arriving in Asia, but the record volumes are nowhere near enough to offset the loss of cargoes from the effective closure of the Strait of Hormuz. Asia's imports of U.S. crude were 63.56 million barrels in May, the most for a single month although at 2.05 million barrels per day (bpd) they were slightly behind the 2.07 million bpd from June 2023, according to data compiled by commodity analysts Kpler. However, more U.S. oil is on the way, with Kpler tracking [Read more]
Separatism and energy: Alberta’s Smith to meet with counterpart in Quebec this week
CALGARY - Alberta Premier Danielle Smith is planning to meet with her counterpart in Quebec City this week, with separatism and energy possible topics of discussion. Speaking at an unrelated news conference in Calgary, Smith was asked about her upcoming visit with Quebec Premier Christine Fréchette and expectations to talk about an east-west energy corridor. "I have told the previous premier every time I met with them that I talked to them about developing their own substantial natural gas [Read more]
Discount on Western Canada Select narrows
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed on Monday. WCS for July delivery in Hardisty, Alberta settled at minus $12.50 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with minus $15.30 in mid-May. * The WCS differential has been volatile since the start of the Iran conflict and the effective closure of the Strait of Hormuz, which has sharply reduced crude exports from the region and [Read more]
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