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strikeMay 4, 2026

Calgary driller operating in Middle East says rig crews able to leave fast if tensions escalate

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Calgary driller operating in Middle East says rig crews able to leave fast if tensions escalate “We've had a couple of instances where we shut down operations for a day, just because activity got a little bit too close to the field where rigs were drilling,” Carey Ford, chief executive of Precision Drilling Corp., said. tap here to see other videos from our team. Back to video Evacuation buses sit parked and ready near Precision Drilling Corp’s oil and gas rigs in the Middle East, a constant reminder that crews are a mere phone call — or missile strike — away from dropping everything. Precision Drilling Corp. has had seven rigs drilling on contract for producers in Kuwait and Saudi Arabia since the United States and Israel went to war with Iran, which retaliated against other countries in the region. Carey Ford, Precision’s chief executive, said the company moved non-essential personnel out of the area. For those who remained — regional leadership and rig crews — missiles and drones exploded in neighbouring countries, sometimes too close for Ford’s comfort. Even now, during a wobbly ceasefire, his team is in constant contact with colleagues on the ground to ensure they stay ahead of any escalations and keep people safe. At the rigs themselves, buses are on-site, prepared to remove crews in a hurry — if necessary, Ford said. “We’ve had a couple of instances where we shut down operations for a day, just because activity got a little bit too close to the field where rigs were drilling,” Ford, who’s headed the company since October last year, said in an interview. “There are missiles and drones in neighboring countries, and then sometimes (they) get close enough to rigs to where you feel like they’re pretty close,” Ford said. Since the U.S. and Iran reached a ceasefire on April 8, tensions have eased in the region. Still, the Strait of Hormuz, a vital shipping corridor for the world’s oil, has remained effectively shut since the war began in late February. In the roughly five weeks of active conflict, some reports indicate thousands of people died, while some key energy infrastructure was damaged. Calgary’s Precision is feeling the conflict in two vastly different ways: it has people on the ground in the Middle East, but it’s also super busy in North America because of high prices. With energy companies now reporting their first round of financial results since the conflict began, investors are getting their first glimpse at the war’s effects on the industry. Even with tensions in the region, Precision’s rigs — four in Kuwait and three in Saudi Arabia — are expected to be active for at least the rest of this year. “We’re in constant contact with our customers, our crews and field leadership about what’s going on to make sure that we’re able to stay ahead of any escalations and keep people safe,” Ford said. “They’re performing extremely well in a tough situation, just with the uncertainty about where the conflict might head next,” Ford said. Kuwait and Saudi Arabia border the Persian Gulf, where tens of thousands of seafarers are trapped due to closures at the Strait of Hormuz, according to some reports. News News - Advertisement 1Story continues below News Business - Local News 'Cone of silence:' After children allegedly slain by father, child protection often overlooked, say advocates While some pipeline infrastructure, particularly in coastal areas of Saudi Arabia, has been hit, it’s been about a month since there were any signs of conflict, according to Ford. Ford, who’s headed the company since October last year, said only regional leadership and crews working on the rigs remain in the area. There have been no conflict-related injuries reported at Precision rigs or at any nearby rigs so far. Precision’s crews in the region often work in cycles of two to four months at a time, but there have been challenges getting people in and out of each country, Ford noted. “There’s been disruption in commercial flight schedules in certain regional airports, and there haven’t been as many flights,” Ford said. “Sometimes you have to keep crews a little bit longer.” The crisis has also increased operational costs in the region. The reactivation of one of Precision’s Saudi Arabia rigs cost $2 million — higher than expected, according to Ford. “But that was a one-time cost,” he added. Precision’s rigs in the Middle East have five-year contracts extending into 2027 and 2028, but it also operates at over 100 sites on either side of the Canada-U.S. border — and business there is on the rise. The company saw revenues grow six per cent in the first quarter to $526 million on the back of increased drilling activity in North America, a market that’s become more attractive amid rising energy prices and heightened geopolitical tensions. “The conflict in the Middle East has once again raised the importance of energy security,” Ford said. “And as people look at where the areas in the world are that are going to be able to provide more energy security to the rest of the world, Canada is definitely at the top of the list.” In Europe, Asia, and the U.S., he said there are a lot more eyes on the Canadian oilpatch. In the first three months of the year, Precision had an average of 79 rigs actively drilling for oil and gas in Canada, up slightly from 74 a year earlier. In the U.S., it averaged 37 rigs up and running, an increase from 30 in 2025. That shift is happening while the broader drilling industry has seen activity decline, according to the company. Ford said it was the busiest first quarter for Precision in over a decade, even though the industry overall wasn’t as active as the year prior. In total, U.S. and Canadian revenues increased by $24 million and $13 million, respectively. For Precision’s operations in the great white north, Ford said they expect active rigs to climb by 20 per cent this summer compared to last year. “A lot of that’s oil-driven,” Ford said. “And I think the Canadian customer base reacts a little bit quicker to commodity prices than the U.S., just because you’re already dealing with seasonality.” Energy Aftershocks is a project by the Financial Post, in partnership with the Calgary Herald, that focuses on the ongoing fallout of the war in the Middle East. Watch this space for more stories about how the energy shock is echoing throughout Canada.

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  • Steven WilhelmBy Steven Wilhelm

    Calgary driller operating in Middle East says rig crews able to leave fast if tensions escalate “We've had a couple of instances where we shut down operations for a day, just because activity got a little bit too close to the field where rigs were drilling,” Carey Ford, chief exe

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DUBAI, United Arab Emirates (AP) — Iran attacked a tanker in the Strait of Hormuz early Tuesday, forcing its crew to abandon the ship, while the United States conducted yet another round of airstrikes targeting the Islamic Republic as they struggle over control of the key waterway.

The 10 consecutive nights of U.S. airstrikes haven’t compelled Tehran to loosen its grip on the strait, through which about a fifth of all crude oil and natural gas traded once passed in peacetime. Even as the U.S. and Iran inch closer to all-out war again, Iran’s interior minister traveled to Pakistan, a key mediator in the conflict, for talks.

However, it remains unclear just what new deal could be reached to end the fighting. The interim deal signed last month that was meant to end the fighting has crumbled. Shipping through the Strait of Hormuz has largely stalled. And as fighting intensifies, both sides have targeted civilian infrastructure relied on by millions of people.

“Iran and groups supportive of Iran may target other U.S. interests overseas or at locations associated with the United States and Americans throughout the world,” the U.S. State Department said in a new warning to Americans. The escalation has pushed oil prices higher in recent weeks.

Benchmark Brent crude traded Tuesday above $88 a barrel and regular gasoline in the U.S. climbed to an average of $4 a gallon, keeping pressure on Americans’ wallets ahead of midterm elections this fall. Meanwhile, the U.S. military identified two soldiers who were killed in Jordan in attacks that left a third person missing.

Separately, the military confirmed another death in Iraq on Saturday during the “controlled detonation” of a downed Iranian drone. President Donald Trump took to social media on Monday to warn that “Every time Iran kills an American Soldier they will pay for that killing many times over!

” Trump was planning to attend a ceremony on Tuesday evening at Dover Air Force Base, where at least one service member’s remains were due to arrive. US strikes come as ships attacked The U.S. military’s Central Command said Tuesday it targeted “Iranian military command centers, maritime capabilities, missile and drone launch sites and air defense systems.

” It released more footage of bombings that targeted sites in Iran. “American forces remain postured and prepared to hold Iran accountable for unwarranted aggression toward civilian mariners seeking to freely and openly transit the strait,” the command said.

Iranian state media reported that explosions were heard in Fars, Hormozgan, Ilam, Kerman and Sistan and Baluchistan provinces. However, traffic through the strait has slowed to a crawl during the latest violence. Lloyd's List Intelligence said only three ships transited the strait on Sunday.

The British military’s United Kingdom Maritime Trade Operations center said a tanker came under attack early Tuesday in the strait off Oman, forcing the crew to abandon the vessel. Iran’s paramilitary Revolutionary Guard claimed the attack, as well as two other attacks on ships Monday in the waterway.

The route around Oman has been the one the U.S. military has encouraged ships to travel to avoid Iran’s control. The UKMTO separately reported Tuesday that another previously unknown attack on a ship took place early the previous day. Tehran also hit U.

S.-allied countries throughout the Middle East. Jordan military's said Tuesday that Iran targeted it with five drones and three missiles, all of which were shot down. Bahrain sounded its missile alert sirens Tuesday afternoon as another Iranian barrage targeted the island kingdom, which is home to the U.

S. Navy's 5th Fleet. Nearly 100 US injuries since early July The Pentagon’s chief spokesperson said nearly 100 U.S. service members have been injured since the U.S. restarted strikes on July 7, and 96% of them have returned to duty.

“The vast majority of injuries experienced were minor concussions,” Sean Parnell posted Monday on X in response to a New York Times report that the Pentagon has withheld information about troop injuries from Iranian strikes. He denied that the Pentagon was hiding data about injuries.

However, the Defense Casualty Analysis System, the military’s clearinghouse for reporting deaths and injuries in conflict, has not been updated as of Monday night with the latest attacks. Yemen rebels threaten attacks on other Mideast waterway Yemen’s Houthi rebels announced a maritime embargo against Saudi Arabia on Monday.

The Houthis, who are backed by Iran, said they would block shipping between the Red Sea and the Gulf of Aden by targeting the Bab el-Mandeb, a maritime chokepoint like the Strait of Hormuz, in response to an attack on Sanaa International Airport last week that they blamed on Saudi Arabia.

With the Strait of Hormuz blocked, Saudi Arabia has been relying on a pipeline to the Red Sea to get millions of barrels of oil out to market. The Houthis earlier demonstrated their ability to disrupt shipping there when they targeted ships for months over the Israel-Hamas war in Gaza, with over 100 vessels attacked.

Saudi Arabia’s military said it would keep the waterway open. “All Houthi threats against transiting vessels will be dealt with swiftly and firmly, as such threats are a blatant violation of international law and fall under acts of maritime piracy,” said Maj.

Gen, Turki al-Malki, a Saudi military spokesman. A glimmer of hope for diplomacy Pakistan has intensified diplomatic efforts in recent days to resuscitate the interim deal. Iranian Interior Minister Eskandar Momeni arrived in Islamabad on Monday for two days of talks with Prime Minister Shehbaz Sharif and others.

On Sunday, U.S. Secretary of State Marco Rubio told reporters that the U.S. is still open to negotiating with Iran but that “it has to be real.” “If the door opens to diplomacy — if the guys that want to do something productive for Iran win and take control of that system, or take control of the negotiations — that’ll be a very positive development,” Rubio said.

“That’s not where we are tonight, unfortunately.” Iranian authorities on Sunday said at least 50 people have been killed and 517 wounded in the latest rounds of U.S. strikes. Since the war began on Feb. 28, 17 U.S. service members have been killed.

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US Secretary of War Pete Hegseth posted social media images showing damage to a maritime control tower at Iran’s Chabahar port following reported US military strikes, accompanied by the caption “Iran does not control the Strait of Hormuz.” India’s Ministry of External Affairs stated that the Shahid Beheshti terminal operated by India at the port sustained no damage.

The ministry reiterated its position that civilian infrastructure should not be targeted during conflicts.

Location: Iran
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The U.S. Central Command reported conducting strikes on Iranian military command centers, missile and drone sites, and air defense systems on Monday evening. Iran attacked a tanker in the Strait of Hormuz early Tuesday, and Houthi forces declared a maritime embargo against Saudi Arabia.

Reports indicate that mediators have proposed a 10-day ceasefire, while Rystad Energy noted risks of higher oil prices.

Location: Iran
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Yemen's Iran-aligned Houthis announced Monday they would impose a maritime blockade on Saudi Arabia, further throttling a global energy market already greatly restricted by Iran's closure of the Strait of Hormuz. This is why it matters and what it means for the Iran war and the global energy crisis.

It is not clear how the Houthis would carry out a maritime blockade of Saudi Arabia, its northern neighbor along the Red Sea coast, or whether it would include a return to attacks on shipping. Yemen sits on the Bab el-Mandeb strait – the southern gateway to the Red Sea – and closing that would open up a new front in the energy crisis and Iran's overarching conflict with the U.

S. With the Strait of Hormuz already disrupted, the Red Sea has become a critical alternative outlet for Gulf oil and other products. A serious disruption would mean both of the Middle East's major oil export routes are shut simultaneously. Iran's partial blockade of the Strait of Hormuz after Israel and the U.

S. attacked it on Feb. 28 disrupted most oil and other exports from the Gulf, raising prices and delivering a global energy shock. Saudi Arabia responded by diverting more than 70% of its normal daily crude exports to the Red Sea port of Yanbu. Ships from Yanbu bound for Europe go north through the Suez Canal.

Those heading to Asia go south through Bab el-Mandeb. Shipments from Yanbu averaged 4 million barrels per day in recent weeks according to data from Kpler and Signal Ocean, up from around 973,000 bpd a year earlier. Total petroleum volumes transiting Bab el-Mandeb amounted to 7.

4 million bpd in June, or about 7% of global oil output, according to Kpler data, up from 4.2 million bpd last year. That has provided a lifeline for the energy market, helping to keep down global oil prices. Saudi Arabia is considering an expansion of its crude oil pipeline to the Red Sea coast, Reuters reported last week.

When the Houthis launched attacks on Red Sea shipping in November 2023, Gulf oil exports were flowing freely. The Houthis have been in a civil war against the Saudi-backed, internationally recognized government for more than a decade and have attacked Gulf neighbors with missiles and drones.

However, a 2022 truce between the country's warring sides largely held until last week, when Yemen's internationally recognized government said it had struck Sanaa airport to stop an Iranian plane landing. The Houthis said Saudi Arabia was responsible and, in response, fired missiles at Abha airport in the kingdom's mountainous southwest.

A senior Houthi official, politburo member Mohammad al-Farah, then warned in an interview on Iran's Press TV website that if the situation kept escalating, Bab el-Mandeb would be closed. The U.S. says Iran has armed, funded and trained the Houthis with help from Hezbollah.

The Houthis deny being an Iranian proxy and say they develop their own weapons. It is not clear how far the group's stance on Bab el-Mandeb and the Red Sea stems from its own strategic priorities or is being made on Iran's behalf. After Israel's genocidal campaign in Gaza, the Houthis began firing at Israel and on shipping in the Red Sea, saying they were doing so in support of Palestinians.

The attacks severely disrupted global shipping, prompting Maersk, Hapag-Lloyd and other major companies to divert around Africa – a far longer, more expensive route. Red Sea traffic has not recovered since, with traffic through the Suez Canal down 52% in 2025 versus 2023 levels and at its lowest in at least 50 years, Suez Canal Authority data shows.

A U.S.-led mission to restore free navigation in the Red Sea involved repeated strikes on Houthi targets and a campaign that shot down hundreds of drones and missiles. But some Houthi attacks continued until last summer, only ending completely with the Gaza cease-fire in October.

Last month, the Houthis said they would ban ships linked to Israel from the Red Sea after Israel renewed military attacks on Iran. However, that threat was never acted on and shipping groups Maersk and Hapag-Lloyd are resuming some Red Sea routes that they had abandoned during the Houthi attacks last year, Maersk said this month.

While Hezbollah and the Iraqi groups joined the war early with rocket and drone fire after the first U.S. and Israeli strikes on Iran, the Houthis had been comparatively quiet. The group's leader Abdul Malik al-Houthi said on March 5: "Our fingers are on the trigger at any moment should developments warrant it.

" Iranian commanders have repeatedly warned that the Houthis could join the war. The Houthis launched a few missile and drone attacks on Israel in late March and early April. Revolutionary Guards Quds Force commander Esmaeil Qaani said on June 1 they could choke off the Red Sea.

That may now have changed with their announcement of the blockade on Monday against Saudi Arabia in retaliation for what they called the kingdom's siege of its ports and airports, including last week's strike.