TORONTO, Feb. 05, 2026 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) will publish its financial and operating results and related management’s discussion and analysis for the three months and year ended December 31, 2025, on Tuesday, February 10, 2026 at 07:30 CET, followed by an audiocast at 10:00 CET. IPC’s annual Capital Markets Day will also be held on Tuesday, February 10, 2026 as a webcast at 15:00 CET. Follow the 2025 year-end financial and [Read more]
News
Russian oil sellers cut prices in China to attract demand as India wavers
Discounts on Russian oil exports to China widened to new records this week as sellers cut prices to lure demand from the world's top crude importer and offset the likely loss of India sales, traders said. Price cuts for China came after U.S. President Donald Trump announced on Monday a trade agreement with Indian Prime Minister Narendra Modi that included halting oil purchases from Russia, but without giving details on how and when. A halt by India would make China the only major client [Read more]
Chevron Announces Senior Leadership Changes
HOUSTON--(BUSINESS WIRE)--Chevron Corporation (NYSE:CVX) today announced several senior leadership changes. Frank Mount, President, Corporate Business Development, will retire from Chevron in November 2026 after 33 years of service. Mount has led the company’s global business development activities since 2023. “Throughout his career, Frank has contributed significantly to the success of Chevron,” said Chevron Chairman and CEO Mike Wirth. “I’m grateful for his years of service and [Read more]
ConocoPhillips reports fourth-quarter and full-year 2025 results; announces 2026 guidance and quarterly dividend
Reported fourth-quarter 2025 earnings per share of $1.17 and adjusted earnings per share of $1.02. Provided 2026 guidance, including full-year capital expenditures of approximately $12 billion and full-year adjusted operating costs of $10.2 billion. Declared first-quarter 2026 ordinary dividend of $0.84 per share. HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today reported fourth-quarter 2025 earnings of $1.4 billion, or $1.17 per share, compared with fourth-quarter 2024 [Read more]
Kuwait Oil in talks with US operators to develop shale oil, gas resources
By Ahmed Hagagy KUWAIT, Feb 5 (Reuters ) - Kuwait Oil Company (KOC) is in talks with some U.S. firms on potential cooperation to develop its shale oil and gas resources, its chief executive said on Thursday. KOC is “engaging with some U.S. operators to explore how their expertise can support the development of Kuwait’s shale oil and shale gas resources," said Ahmad Al-Eidan on the sidelines of a conference. Devon Energy and EOG were the companies that KOC was in contact with, he [Read more]
ConocoPhillips targets $1 billion cost cut in 2026 after quarterly profit miss
ConocoPhillips said on Thursday it aims to cut capital and operating costs by $1 billion in 2026, after the U.S. oil and gas producer missed Wall Street estimates for fourth-quarter profit due to weaker crude prices. Benchmark Brent crude prices averaged at $63.13 a barrel during the October-December quarter, 11.3% lower than a year earlier, as concerns about oversupply and tariffs outweighed geopolitical risks. ConocoPhillips' production for the reported quarter was 2.32 million barrels [Read more]
Obsidian Energy Announces Strong 2025 Reserves Results
Reserve replacement of 118 percent, 185 percent and 235 percent of 2025 production (adjusted for dispositions) on a proved developed producing ("PDP"), proved ("1P"), and proved plus probable("2P") reserves basis Added locations in the Willesden Green (Belly River) in both Crimson and Open Creek based on 2025 success Initial waterflood reserve bookings from recent pilots at Peace River in the Clearwater Calgary, Alberta--(Newsfile Corp. - February 5, 2026) - OBSIDIAN ENERGY LTD. (TSX: [Read more]
Calfrac Well Services Ltd. Announces Appointment of Chief Executive Officer
CALGARY, Alberta, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Calfrac Well Services Ltd. (“Calfrac” or “the Company”) (TSX: CFW) is pleased to announce that it has appointed Tyler Dahlseide as Chief Executive Officer (“CEO”) effective February 4, 2026. Mr. Dahlseide, who joined Calfrac as Vice President, Optimization and Strategy in September 2025, is an accomplished senior executive with a proven track record in the oilfield services industry. Most recently, he served as President and a director of [Read more]
Shell misses profit expectations, but keeps buyback pace
Shell missed fourth-quarter profit expectations on Thursday with an 11% drop to the lowest level since early 2021 amid weaker oil prices, but kept its bumper share buyback programme. Shareholders of oil majors have become used to huge buybacks, but lower oil and gas prices ahead of an expected crude and liquefied natural gas glut have prompted speculation they might be reduced, especially at European firms. Shell has bought back about a quarter of its stock in the last four years, or about [Read more]
VAALCO Energy, Inc. Announces Agreement to Divest Non-Core Asset
HOUSTON, Feb. 05, 2026 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) (“Vaalco” or the “Company”) today announced that it had entered into an agreement for the sale of all of its non-core producing properties in Canada to a third party for approximately $35.0 million Canadian Dollars (USD $25.6 million), subject to customary closing adjustments (the "Canadian Asset Sale"). The Canadian properties current working interest (“WI”) production is approximately at 1,850 barrels of oil [Read more]
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