Headlines

The Canadian Association of Energy Contractors (CAOEC) welcomes the Government of Canada’s introduction of Bill C-39, the Building Canada Strong Act, and its commitment to creating a faster, more predictable regulatory environment for resource development in Canada. The Association is particularly encouraged by measures intended to reduce duplication and establish clearer accountability within the federal review process. “Our members have the resources, technology, and skilled workforce to [Read more]

Some 60 commercial vessels transited the Strait of Hormuz on Wednesday carrying the highest daily volume of crude oil since early July, despite the ongoing war between the US and Iran, a US official told Reuters, speaking on condition of anonymity. About 40 of those vessels coordinated with the US military for protection, the US official added. A total of about 22 million barrels of oil exited the maritime chokepoint. Reuters could not independently verify the US official's figures. The [Read more]

BP is weighing a potential acquisition of Devon Energy's operations in South Texas as part of renewed efforts by the British supermajor to grow its shale asset base in the United States, people familiar with the matter said. After years of prioritizing investments in renewable energy and leadership churn that included five chief executives since 2020, the London-headquartered company has reverted to a strategy that places its traditional oil and gas business at its heart. In the wake of [Read more]

"Shale's Golden Years, Part II: The Cost of Aging" finds U.S. oil reserve replacement continuing to weaken despite significant efficiency gains, while natural gas resources remain abundant NEW YORK, Sept. 24, 2026 /PRNewswire/ -- Kimmeridge, an alternative asset manager focused on the energy sector, today published "Shale's Golden Years, Part II: The Cost of Aging," a new white paper examining the growing divergence between the outlook for U.S. oil and natural gas. The paper follows [Read more]

US and Iranian negotiators in New York are exploring a phased path out of war that would involve Tehran reopening the Strait of Hormuz and Washington lifting its economic blockade of Iran, sources close to the talks said. The strait has become the central bargaining chip in efforts to end the nearly seven-month US-Iran conflict, with Iran seeking relief from the US blockade that is choking its economy and Washington seeking free passage for ships on the global oil supply route now blocked by [Read more]

Saudi Arabia intercepted six ballistic missiles fired by Yemen's Iran-backed Houthis on Thursday, thwarting attacks on the southern province of Taif and Yanbu area on the Red Sea, the Saudi-led coalition in Yemen said. It was not clear whether there was any damage or casualties in either Taif and Yanbu, the main alternative route for Saudi oil, after a widespread emergency alert was issued for areas including Jeddah and the holy city of Mecca. The attack on Yanbu followed an improvement in [Read more]