Chinook Consulting 🔥🛢️🌡️🔬🛠️

Integrated Geological Upstream Oil, Gas Carbon Capture, and Geothermal Services

[Rory Johnston @Rory_Johnston]

The issue with the current MOU status quo is that Iran believes that it secured the right to manage Hormuz and the US is acting like it didn’t.

The US is encouraging an Omani reroute around Iran (first dark, now in the open)

If Iran doesn’t challenge the reroute it loses control. It tried radio warning and then went to the main tool in its toolkit: drone strike a ship as a warning.

Now the US can’t let that stand—it initially looked like they would but I guess they were just waiting for markets to close—so it counterstrikes Iranian drone, missile, and radar facilities (i.e., the stuff Iran uses to control the Strait)

Now we wait to see what Iran does in response. If it does nothing, it continues to lose its claim to control of Hormuz. If it meaningfully retaliates it risks blowing up the MOU ceasefire and testing how war-averse Trump really is.

Someone’s gotta give in.

[Heather Exner-Pirot @ExnerPirot]

That said, there are very long lead times for gas turbines right now. The inevitable conclusion: big gap between supply and demand. Canada is in a very similar situation, which is why we are seeing National Electricity and Nuclear Strategies going out this Spring and several provinces moving to more nat gas generation, after amendments to the Clean Electricity Regs make that possible again

[BOE Report @BOEReport]

45,000 Wells. One Big Opportunity. Why Alberta’s Next Production Gains May Already Be Drilled https://t.co/zm9m0QpFkS

[Giovanni Staunovo🛢 @staunovo]

#Colombia Gas Reserves Stay Near 18-Year Low as Shortfall Deepens https://t.co/sTD0zyo8Bg

[CSEG @csegonline]

Matt Ng, P.Geo., is part of a dynamic generation of Calgary geophysicists helping shape the future of our industry. Throughout his career Matt has built expertise spanning seismic interpretation, exploration, development modeling, & more. Read below!

https://t.co/IahgCraGOS

[Rigzone @Rigzone]

Uzbekistan is stepping up efforts to bring major European and U.S. energy companies into its natural gas sector, after last month securing investment from BP.

https://t.co/3GkghRV0cm

#oilgas #energynews #oilandgas

[Giovanni Staunovo🛢 @staunovo]

Chevron Strikes Power Deal With Microsoft for West Texas AI Data Center
The 2.7-gigawatt project will have its own on-site power plant fueled by Chevron’s local natural-gas production
https://t.co/bALtB6mcfe

[Argus Media @ArgusMedia]

📣 𝗡𝗲𝘄𝘀 𝗦𝘁𝗼𝗿𝘆: 𝗢𝗶𝗹, 𝗴𝗮𝘀 𝗯𝗮𝗰𝗸𝗲𝗿 𝘀𝗲𝘁 𝘁𝗼 𝘄𝗶𝗻 𝗖𝗼𝗹𝗼𝗺𝗯𝗶𝗮'𝘀 𝗽𝗿𝗲𝘀𝗶𝗱𝗲𝗻𝗰𝘆

Trump-backed right-wing candidate Abelardo de la Espriella won Colombia's run-off presidential election on Sunday based on an initial tally, vowing to revive hydrocarbon production and continue expanding renewable power.

Read the full article by Diana Delgado : https://t.co/4LlDSc64Xf

#ArgusMedia #IlluminatingTheMarkets

[Chinook Consulting 🔥🛢️🌡️🔬🛠️ @Chinook_Energy]

Yes, but they did it with AI."

I keep hearing this in our industry, said with a shrug, as if it shaves value off the result.
Here's what that shrug is missing: in 2026, #AI isn't just a faster tool inside the workflow. It's quietly dissolving the workflow itself.
Think about what "software" has meant to us for decades, rigid platforms, expensive licenses, six-month implementations, consultants to bolt one system onto another. We built entire budgets and org charts around that reality.
That reality is starting to crack.
When you can describe what you need and have working logic generated on demand, the question stops being "which software do we buy?" and becomes "why do we still need most of it?" The interface, the integration layer, the dashboard someone charged us a fortune for, a lot of it becomes a prompt.
This is the part worth sitting with: the disruption may not come for the people using software. It may come for the software.
The companies that win the next cycle won't be the ones who licensed the best platform. They'll be the ones who stopped treating software as something you purchase and started treating capability as something you generate.
"They did it with AI" won't be a caveat for much longer. It'll just be how things get done.

Are we adapting our businesses for the tools we have, or still defending the ones we paid for?

[Chinook Consulting 🔥🛢️🌡️🔬🛠️ @Chinook_Energy]

Respectfully, this misses the bigger picture. @JeromyYYC should spend a summer evening in Madrid, Lisbon, or Bucharest, where venues run late, streets stay lively, and cities thrive without treating a 2 a.m. set as a public safety crisis. The contrast with Calgary's bylaw culture is striking, there, late nights are part of what makes a city worth visiting, not something to regulate into silence. A great city doesn't just "back major events." It builds an environment where energy, music, and nightlife are the norm, not a conditional exemption granted grudgingly and clawed back on short notice.

[Chinook Consulting 🔥🛢️🌡️🔬🛠️ @Chinook_Energy]

@ExnerPirot @FP_Champagne Canada already sells nearly $188 billion in oil and gas abroad, so the real holdup isn't money, it's how long projects wait for approvals and how much old well cleanup costs scare off buyers, and fixing those is cheaper for the government than writing more subsidy cheques.

[Rory Johnston @Rory_Johnston]

My conversation earlier this evening with @PnPCBC discussing the latest in Hormuz, the MOU, and what it all means for both Canadians at the pumps and Canada's energy industry in a world searching for diversity of supply.

[Financial Post @financialpost]

International bidders are striking dozens of side deals to invest in Canadian industries from autos to steel to LNG in attempt to win this contract https://t.co/QvVXBNJ9oN

[Bjorn Lomborg @BjornLomborg]

Some people suggest that while green is expensive, the benefits are much greater

Well, no:

The benefit of net-zero is $4.5 trillion/year, but the cost $27 trillion

(much larger costs and benefits, because we're currently only doing a bit of net-zero currently)

https://t.co/j4wG0vrxJB

You can see all the references in my Twitter thread:
https://t.co/HfBtBL2mlK

[Chinook Consulting 🔥🛢️🌡️🔬🛠️ @Chinook_Energy]

I would be cautious on one point: governments may have classified or non-public evidence, especially if national security is involved. The absence of public evidence does not prove the intervention was unjustified.
But even then, there should be some trusted review mechanism, independent technical panel, court supervised process, or confidential evidentiary procedure, so the decision is not just “trust us”

[Giovanni Staunovo🛢 @staunovo]

Shell pauses $3 billion share buyback ahead of ARC acquisition vote #oott https://t.co/fP9aOCrUpa

[Giovanni Staunovo🛢 @staunovo]

The tanks in Cushing, Oklahoma, are hitting bottom. The oil market is about to hit a tipping point
#oott https://t.co/7TjfgQhZNm

[Giovanni Staunovo🛢 @staunovo]

Chevron Corp. and two other major Argentine shale producers will sign contracts this week to supply a natural gas liquids project, a move that all but assures the $3 billion plan goes ahead, according to people familiar with the matter.
#oott https://t.co/7sFzP6ZGxC

[Giovanni Staunovo🛢 @staunovo]

Alberta has held talks with a Fortune 500 company to finance a proposed oil pipeline capable of carrying 1 million barrels of oil a day to Canada’s west coast, the province’s energy minister said.

“We’ve had one particular discussion with a proponent, actually a Fortune 500 company, in very general terms about financing the entire project and building the entire project,” Brian Jean said Wednesday at the Global Energy Show Canada conference in Calgary.

The Alberta government plans to propose a general route for the pipeline by July 1 and it prefers a northwestern path rather than south toward Vancouver.
#oott https://t.co/b4YHFTanAt

[Heather Exner-Pirot @ExnerPirot]

Canadian heavy oil has steadily moved down cost curve to ~$35/barrel breakevens.
But to clear hurdle rates for new greenfield developments, you would have much higher breakevens of $55-65.
We will need greenfield for the 1 mmbd west coast pipeline /6