U.S. crude oil and natural gas producers were bringing wells back online on Wednesday following a severe winter storm that swept across the country over the weekend, straining energy infrastructure and power grids. Domestic crude output is now estimated to be down around 600,000 barrels per day, roughly 4% of total output, according to consultancy Energy Aspects, compared with a peak loss of 2 million bpd on Saturday. The Permian Basin in Texas and New Mexico, which accounts for around [Read more]
News
Citi expects oil prices to stay elevated despite oversupply risks
Citi said on Wednesday that oil prices may stay elevated due to rising geopolitical risks, U.S. restrictions on Russian oil purchases and continued Chinese buying, even as markets entered the year expecting a large oversupply. "Further geopolitical escalation can lift prices to our 0-3m target of $70 a barrel," the bank said in a note. Citi noted that Kazakhstan production outages, severe cold weather in the U.S., geopolitical tensions in the Middle East and tightening U.S. restrictions on [Read more]
NuVista and Ovintiv Announce Receipt of Investment Canada Act Approval
CALGARY, AB, Jan. 28, 2026 /CNW/ - NuVista Energy Ltd. (TSX: NVA) ("NuVista") and Ovintiv Inc. (NYSE: OVV) (TSX: OVV) ("Ovintiv") are pleased to announce that the Government of Canada has approved the previously announced proposed acquisition of NuVista by Ovintiv, through its wholly owned subsidiary Ovintiv Canada ULC (the "Transaction"), in accordance with the terms of the Investment Canada Act. The Transaction previously received clearance under the Competition Act (Canada) and [Read more]
US LNG plants imported cargoes during winter storm as natural gas prices hit records
Several liquefied natural gas companies took the unusual step of importing natural gas into the U.S. over the past week in an apparent move to capture record prices that occurred as a brutal winter storm brought bitter cold to much of the country, according to analysts and ship tracking data from financial firm LSEG. BP and Shell, which together own 90% of Trinidad and Tobago's flagship Atlantic LNG plant, brought gas from Trinidad to U.S. plants amid the freeze, LSEG data showed. Spot gas [Read more]
Cardinal Energy Ltd. Announces $86.5 Million Bought Deal Offering of Common Shares, Official Sanctioning of Redford 2, and Updated 2026 Guidance
CALGARY, AB, Jan. 28, 2026 /CNW/ - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the "Underwriters") co-led by RBC Capital Markets and CIBC Capital Markets, acting as joint-bookrunners, pursuant to which the Underwriters have agreed to purchase for resale to the public, on a bought deal basis, 10,000,000 common shares in the capital of the Company ("Common Shares") at an issue price of [Read more]
Forecast record electricity demand to test largest US power grid, blackout chances rise
Transmission line congestion on the largest U.S. power grid is expected to soar on Thursday as the PJM Interconnection forecasts record winter power demand ahead of the weekend, boosting electricity prices and raising the chances for rolling blackouts. Congestion prevents the cheapest electricity being delivered to homes and businesses, forcing PJM and other grid operators to dispatch less efficient and more expensive power plants to meet demand. As a result, PJM's spot wholesale electricity [Read more]
NY regulators oppose filings for Williams’ proposed PA-NY Constitution natgas pipeline
New York’s environmental regulator said on Wednesday that it filed with federal energy regulators to oppose Williams Cos-led Constitution Pipeline's bid to revive a permit to build the proposed, previously canceled natural gas pipeline from Pennsylvania to New York. Constitution recently petitioned the U.S. Federal Energy Regulatory Commission to reissue a Certificate of Public Convenience and Necessity, a required permit for the construction of the controversial pipeline. The New York State [Read more]
House Democrats warn oil companies of risks of Venezuela transactions
A dozen House Democrats on Wednesday sent a letter to 21 companies who attended a Jan. 9 White House meeting about developing Venezuelan oil resources, warning them that any transaction or investment they make there faces legal and financial risks. The letter, led by Democratic Congressman Sean Casten, said despite any assurances made by the Trump administration, its failure to inform Congress of its legal basis for exerting control of Venezuela's assets puts any investments they make at risk [Read more]
US upstream M&A market rebounds in Q4, hits $23.5 billion, Enverus says
The U.S. upstream mergers and acquisitions market regained momentum after a mid-year slowdown in the fourth quarter of 2025 reaching $23.5 billion in announced deals and pushing full-year activity to $65 billion, analytics firm Enverus said on Wednesday. The rebound was driven by motivated buyers including refunded private equity teams, increased use of securitized financing and new international entrants competing for limited assets, the Enverus report added. International buying in U.S. [Read more]
US crude stocks fall, gasoline and distillate inventories rise, EIA says
(Updates to include price reaction ) By Liz Hampton and Georgina McCartney U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday. Crude inventories fell by 2.3 million barrels to 423.8 million barrels in the week ended January 23, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.8 million-barrel rise. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 278,000 barrels in the [Read more]
- « Previous Page
- 1
- …
- 249
- 250
- 251
- 252
- 253
- …
- 3773
- Next Page »