Venezuela's acting president Delcy Rodriguez said on Monday that she hopes negotiations with a faction of the opposition will offer space for all voices to be heard, a day after opposition leader Maria Corina Machado returned to the country. “I hope the dialogue continues to provide a space for political participation, and that those who have harmed Venezuela, those who called for sanctions and external aggression, feel some remorse and regret," the acting president said during a visit to a [Read more]
ConocoPhillips to reduce workforce in Canada
ConocoPhillips has informed its staff of a reduction to its workforce in Canada, a spokesperson for the oil and gas producer said on Monday. The reduction includes employees and contractors and is set to take place on Tuesday, the spokesperson added. However, the Houston, Texas-based company did not disclose how many jobs were affected. ConocoPhillips has about 9,900 employees globally, according to its 2025 annual report. "We routinely review our organization to align with our long-term [Read more]
AI powers up $13 bln natural gas deal
(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.) By Robert Cyran NEW YORK, Oct 26 (Reuters Breakingviews) - EQT is buying local rival Range Resources to create a US leader. Cost savings won’t cover the 21% premium being paid, but boss Toby Rice sees more. Although Appalachian producers must export, data centers are spurring local demand, auguring higher production and, perhaps, prices. Full view will be published shortly. Follow Robert Cyran on [Read more]
Ovintiv to buy Logan Energy for USD$890 million, expanding Montney oil position
Oil and gas producer Ovintiv said on Monday it would acquire Canadian producer Logan Energy in an all-cash deal valuing the company at about $890 million, including debt. Here are more details: * Ovintiv would pay C$1.40 ($0.9986) per share for Logan * The deal would add about 266,000 net acres in the oil-rich Montney region and roughly 20,000 barrels of oil equivalent per day of production * Ovintiv said the acquisition would add about 420 net drilling locations, including 220 [Read more]
Oil slips from near six-months highs despite supply concerns
Oil prices fell on Monday after surging to near six-month highs late last week, although ongoing attacks on Saudi Arabia kept supply concerns in focus. US crude futures were down $1.60, or 1.55%, at $101.67 per barrel by 0018 GMT. Brent crude futures were down $1.56 or 1.34% at $115.16. Prices had settled nearly $3 higher on Friday after Houthi attacks in Saudi Arabia stoked energy supply concerns. Brent finished the week up 6% and WTI ended 2.3% higher. Attacks continued over the [Read more]
Conservative party wins first election in nearly a century in British Columbia
The opposition Conservative Party won an election in the Canadian province of British Columbia for the first time in nearly 100 years, promising to ramp up liquefied natural gas production, provisional results showed on Sunday. * The result marks an end to nine years of power for the left-of-center New Democrats, who voiced opposition to new oil pipelines and supported a ban on tankers along the province's northern coast * The right-leaning Conservatives won 64 of the 93 seats and the New [Read more]
Iran has ramped up efforts to target US personnel, intelligence memo warns
Iran has ramped up efforts to target US personnel, and lethal plots by Tehran against American citizens have reached "advanced stages", a senior intelligence official in the Trump administration warned in a memo seen by Reuters. The alert from Director of National Intelligence Jay Clayton came after Washington scaled back staffing at its mission in Saudi Arabia earlier this week in response to intensified attacks by Iran-allied Houthi forces. Those attacks on one front of the nearly [Read more]
How Trump’s energy dominance turned into hubris: Bousso
When Donald Trump returned to the White House in 2025, “energy dominance” was the bedrock of his economic and foreign policy plans. But an unpopular war with Iran and soaring household fuel costs have now made energy policy a major liability for the US president heading into next month’s midterm elections. Ironically, it was the US position as the world's top oil and gas producer, perhaps more than anything else, that enabled Trump to pursue foreign policy goals that may turn out to be the [Read more]
BP, Louisiana agree to Deepwater Horizon settlement payout, resolve coastal cases
BP announced a deal on Friday that provides Louisiana an accelerated, lump-sum $350 million payment to resolve claims over the 2010 Deepwater Horizon oil spill and that also settles long-running coastal damage litigation by local parishes. • BP agreed in 2015 to pay up to $18.7 billion to the federal government and five states to resolve claims arising out of the oil spill. That money includes $4.9 billion payable over 18 years to settle economic and other claims by the states. • While [Read more]
Trump says US will ‘take care of Cuba’ on its way back from Iran
President Donald Trump said on Friday the United States would take care of Cuba after dealing with Iran and would send Secretary of State Marco Rubio to finish the deal. * "We'll take care of Cuba on our way back from Iran... then we're going to send Marco Rubio in to finish up the deal," Trump told a rally in Florida. * Trump predicted last month the US and Cuba would reach an agreement and that he did not think military action would be necessary. * The Trump administration has [Read more]
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