U.S. natural gas futures plunged 19% on forecasts for a big change in the weather to near-normal levels through mid-February and on a jump in output as frozen wells thaw. Gas futures for March delivery on the New York Mercantile Exchange fell 81.4 cents, or 18.7%, to $3.54 per million British thermal units (mmBtu), putting the contract on track for its lowest close since January 16. Massive price changes over the past few weeks boosted historic or actual 30-day close-to-close futures [Read more]
News
InPlay Oil Corp. Confirms Monthly Dividend for February 2026
CALGARY, AB, Feb. 2, 2026 /CNW/ - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to confirm that its Board of Directors has declared a monthly cash dividend of $0.09 per common share payable on February 27, 2026, to shareholders of record at the close of business on February 13, 2026. The monthly cash dividend is expected to be designated as an "eligible dividend" for Canadian federal and provincial income tax purposes. About InPlay [Read more]
US shale producers Devon and Coterra to merge in a $58 billion deal
U.S. shale producers Devon Energy and Coterra Energy said on Monday they will merge in a $58 billion all-stock deal, creating a large-cap producer with a dominant position in the Delaware Basin as the industry consolidates to cut costs and boost scale. Under the deal shareholders will receive 0.70 Devon shares for each share held. Devon will own roughly 54% of the combined company. Devon shares fell 3% and Coterra dropped 2.7% in premarket trading on Monday, tracking a 5% decline in the [Read more]
Paramount Resources Ltd. Announces February Dividend
CALGARY, AB, Feb. 2, 2026 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on February 27, 2026 to shareholders of record on February 13, 2026. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. ABOUT PARAMOUNT Paramount is an independent, publicly traded Canadian energy company that [Read more]
Devon Energy and Coterra Energy to Combine, Creating a Premier Shale Operator
OKLAHOMA CITY and HOUSTON, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Devon Energy (“Devon”) (NYSE: DVN) and Coterra Energy (“Coterra”) (NYSE: CTRA) today announced the signing of a definitive agreement to merge in an all-stock transaction. The combination will create a leading large-cap shale operator with a high-quality asset base anchored by a premier position in the economic core of the Delaware Basin. The combined company will be named Devon Energy and will be headquartered in Houston while [Read more]
China’s teapots buy Iranian oil to replace Venezuelan supply, sources say
Chinese independent refiners are buying discounted Iranian heavy crude to replace Venezuelan shipments that have stalled after the U.S. claimed control of the OPEC producer last month, two people with knowledge of the matter said on Monday. The drawdown of Iranian oil held in storage is making up for the drop in Venezuelan supply to the world's largest crude importer, they said. Venezuelan shipments to China have fallen sharply since mid-December after U.S. President Donald Trump imposed a [Read more]
Oil falls by nearly 3% on Iran talks, OPEC+ production pause
Oil prices fell by nearly 3% on Monday as U.S. President Donald Trump said over the weekend Iran was "seriously talking" with Washington. Brent crude futures were down $1.90 per barrel, losing 2.8%, to $67.39 per barrel at 2350 GMT. U.S. West Texas Intermediate crude also fell $1.90 per barrel, losing 2.9%, to $63.32 per barrel. Both contracts dropped sharply from the previous session, when Brent hit a six-month high and WTI was hovering near its highest since late September on mounting [Read more]
Owner of B.C. ghost town taking another swing at energy exports
CALGARY - Krishnan Suthanthiran is trying to make Kitsault, B.C., happen — again. The Indian-born, U.S.-based medical technology entrepreneur says he spent about US$7 million two decades ago to purchase the uninhabited one-time mining town at the end of a scenic fiord. Some media reports have cited a lower purchase price. His early plans for Kitsault included an eco-resort, an arts and science centre and a movie studio. In 2013, Suthanthiran turned his sights to energy, floating a plan for [Read more]
Two things OPEC+ can’t control. Trump and China imports: Russell
There are two factors that are largely beyond the control of OPEC+ and they are likely to determine the price of crude oil in the coming weeks. The first is whether U.S. President Donald Trump does decide to start a shooting war with Iran, and if he does whether both sides will be able to keep oil cargoes moving and production infrastructure intact. The second is whether China, the world's biggest crude importer, decides to ease back on its recent run of strong imports in light of the 16% [Read more]
BP’s Whiting refinery union workers agree to 24-hour rolling extension
United Steelworkers members at BP's 440,000-barrel-per-day refinery in Whiting, Indiana agreed to a rolling 24-hour contract extension at the largest refinery in the U.S. Midwest, the company said in a statement on Sunday. This would mean that the current collective bargaining agreement would automatically renew every 24 hours unless either the union or BP cancels the extension, according to BP's statement. (Reporting by Chandni Shah in Bengaluru) [Read more]
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