Chevron is one of at least two companies vying for Lukoil’s global assets, despite the Russian energy company's initial agreement last week to sell them to U.S. private equity firm Carlyle, four sources familiar with the conversations said. Lukoil has until February 28 to sell the assets, the latest deadline set by the U.S. Treasury, which imposed sanctions on Lukoil and Rosneft last year to push Moscow to agree a peace deal with Ukraine. A partnership between Chevron and Texas-based [Read more]
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Global electricity demand surge forecast by IEA
Global electricity demand growth is expected to ramp up by more than 3.5% per year on average over the rest of the decade while renewable energy and nuclear power are expected to make up nearly half of all power production, the International Energy Agency said in a report on Friday. Here are some details: * Demand growth is expected to come from electrification of industries, the continuing rollout of electric vehicles and data centres as well as increased demand from cooling, with [Read more]
Discount on Western Canada Select widens
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Thursday. WCS for March delivery in Hardisty, Alberta, settled at $15.25 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $15.15 a barrel on Wednesday. * The discount on Canadian heavy crude widened approximately $1 per barrel over the month of January in the wake of heightened market volatility caused by U.S. President Donald Trump's [Read more]
South Bow Announces Timing of Fourth-quarter and Year-end 2025 Results and Conference Call and Webcast
CALGARY, Alberta, Feb. 05, 2026 (GLOBE NEWSWIRE) -- South Bow Corp. (TSX & NYSE: SOBO) (South Bow or the Company) will release its fourth-quarter and year-end 2025 financial and operational results after the close of markets on March 5, 2026. Conference call and webcast details South Bow's senior leadership will host a conference call and webcast to discuss the Company's fourth-quarter and year-end 2025 results on March 6, 2026 at 8 a.m. MT (10 a.m. ET). Date March 6, [Read more]
AltaGas to Issue Fourth Quarter 2025 Results
CALGARY, AB, Feb. 5, 2026 /CNW/ - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA) will release its fourth quarter 2025 results on Friday, March 6, 2026, before market open. A conference call and webcast will be held the same day to discuss the financial results and other corporate developments. Conference Call and Webcast Details: Date: Friday, March 6, 2026 Time: 9:00 a.m. MT (11:00 a.m. [Read more]
ARC Resources Ltd. Reports Year-End 2025 Results and Reserves
CALGARY, AB, Feb. 5, 2026 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") today reported its fourth quarter and year-end 2025 financial and operational results as well as its year-end 2025 reserves. CORPORATE HIGHLIGHTS Fourth Quarter Results Fourth quarter production averaged a record 408,382 boe(1) per day (58 per cent natural gas and 42 per cent crude oil and liquids(2)), which included 118,898 barrels per day of crude oil and condensate [Read more]
Union asks workers at BP’s Whiting, Indiana, oil refinery to prepare for strike or lockout
United Steelworkers is asking workers at BP's 440,000-barrel-per-day refinery in Whiting, Indiana, to prepare for a strike or lockout, the union said on Thursday after weeks of negotiations with the British oil major that did not yield results. The comments come after 98% of members at the refinery voted to authorize a strike. The local USW union represents around 800 workers at Whiting, the largest refinery in the U.S. Midwest. “We have heard from many of our members who are ready to [Read more]
InPlay Oil Corp. Announces Bond Offering
CALGARY, AB, Feb. 5, 2026 /CNW/ - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to announce the offering for sale of up to 550 million New Israeli Shekels ("NIS") (CAD$241 million) senior unsecured bonds (the "Bonds") in Israel (the "Offering"). The Bonds will be direct senior unsecured obligations of InPlay due December 15, 2030, ranking equal with all other present and future senior unsecured indebtedness of InPlay, and will bear [Read more]
Shell wants to export Venezuelan gas through Trinidad, CEO says
Shell hopes to produce gas from Venezuela's Dragon field in three years and have it processed in Trinidad and Tobago for export, CEO Wael Sawan told Bloomberg TV in an interview on Thursday. Shell and Trinidad have been trying to increase the supply of natural gas to Trinidad's Atlantic LNG export facility and broader petrochemical sector amid shortages due to dwindling supplies from the Caribbean island. Shell and Trinidad National Gas Company were in 2024 jointly granted a 30-year [Read more]
Iran’s foreign minister heads to Muscat for nuclear talks with US
Iran's Foreign Minister Abbas Araqchi has departed for the Omani capital Muscat at the head of a diplomatic delegation for nuclear talks with the U.S. due to be held on Friday, the Iranian Foreign Ministry's spokesperson said. The U.S. and Iran have agreed to hold talks in Oman on Friday, officials for both sides said, even as they remain at odds over Washington's insistence that negotiations must include Tehran's missile arsenal and Iran's vow to discuss only its nuclear programme. Iran [Read more]
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