When the U.S. and Israel started the new Mideast war on Feb. 28, President Donald Trump and Prime Minister Benjamin Netanyahu may not have been as confident about rapid regime change in Iran as Russian President Vladimir Putin was when his military forces invaded Ukraine over four years ago — with limited logistical support and dress uniforms packed in their duffels.

Oilfield service operators aren’t expecting E&P companies to increase capital spending in the near term to take advantage of higher oil and gas prices resulting from the fallout from the Iran war, two executives said in mid-March.

Alberta’s land sale on March 11 featured high prices for the Charlie Lake at Valhalla and Mannville oilsands at Muriel Lake.

Governments across Canada issued 488 new well licences in February, a decrease of 29 per cent from 687 a year ago, with lower permitting counts in Saskatchewan, Alberta and B.C.

U.S. drilling contractor Helmerich & Payne Inc. is commercializing a new robotics system called FlexRobotics that eliminates higher risk activities on the rig floor while improving drilling efficiency, president Trey Adams said on its first quarter 2026 earnings call.

Greenfire Resources Ltd.’s annual production averaged 16,169 bbls/d, slightly exceeding the company's outlook of 15,000-16,000 bbls/d.

During the first quarter of 2026, 15 of Stampede Drilling Inc.’s 17 rigs were operational.