News

The risk of U.S. power outages is worsening due to a changing mix of electricity supplies and rapidly growing demand in the winter months, the North American Electric Reliability Corporation said on Thursday. Before the end of the decade, the Mid-Atlantic, Midwest, Northeast and Texas regions may be at high risk of power supply shortfalls, the regulator said in its long-term assessment, NERC said. A winter storm this week knocked out power to more than 1 million U.S. homes and businesses at [Read more]

Coterra Energy and Devon Energy could announce an agreement to merge as soon as next week, in what would be the largest oil and gas deal in the U.S. shale industry in almost two years, a source familiar with the matter told Reuters on Thursday. The Financial Times was the first to report the talks between the two companies were at an advanced stage and that they could be billed as a merger of equals. Coterra and Devon Energy did not immediately respond to Reuters' requests for comment. A [Read more]

U.S. crude production continued to recover on Thursday after a winter storm ravaged production and losses peaked at 2 million barrels per day over the weekend, while analysts adjusted output forecasts for January in the aftermath of outages. Nearly all of North Dakota's production was back online, Justin Kringstad, director of North Dakota Pipeline Authority said on Thursday. North Dakota is the third-largest oil-producing U.S. state, and output totaled 1.189 million bpd in November, the latest [Read more]

The U.S. Navy has sent an additional warship to the Middle East, a U.S. official told Reuters on Thursday, amid a large military buildup in the region and soaring tensions. The official, who was speaking on the condition of anonymity, said the USS Delbert D. Black had entered the region in the past 48 hours. This brings the number of destroyers in the Middle East to six, along with an aircraft carrier and three other littoral combat ships. The additional warship in the region was first reported [Read more]

Carlyle Group is poised to acquire most of Russian oil producer Lukoil's foreign assets, initially valued at $22 billion by analysts. Neither Lukoil nor Carlyle disclosed a price for the sale, which still requires approval from the Office of Foreign Assets Control, the U.S. agency that administers sanctions. The U.S. Treasury had given Lukoil until February 28 to divest its global portfolio. The planned Lukoil purchase marks the latest expansion of Carlyle's energy holdings, which already [Read more]

Achieved December 2025 Average of 48,235 BOEPD The Highest Monthly Average in Company History During the Fourth Quarter 2025 Reached a Daily Production Rate of 10,000 BOPD in Ecuador Multiple Field Development Plans Approved and Fulfilled All Exploration Commitments in Ecuador Preliminary Unaudited 2025 Financial Data CALGARY, Alberta, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today provided an [Read more]