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]
News
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]
Chevron to boost exports of Venezuelan oil to US to 300,000 bpd in March, sources say
Oil producer Chevron is set to boost exports of Venezuelan crude to the U.S. to some 300,000 barrels per day (bpd) in March, from 100,000 bpd in December and some 230,000 bpd so far this month, two sources with knowledge of the plans said on Wednesday. The U.S. company, which is the main partner of Venezuela's state-run energy firm PDVSA, has chartered about a dozen tankers to increase shipments and drain inventories accumulated at its projects since December, when a U.S. blockade hit the OPEC [Read more]
Gulf oil giants raise billions from infrastructure deals
Raising funds from oil and gas infrastructure assets, while retaining control, is now firmly part of the playbook of Gulf Arab national oil companies, helping them raise billions of dollars for their ambitious diversification plans. Reuters reported on Wednesday that Kuwait could launch a deal to offer investors a stake in its oil pipeline assets as soon as next month, mirroring moves by regional peers. Below are key facts about such deals. UAE'S ADNOC In 2019, Abu Dhabi National Oil Company [Read more]
Kuwait readies $7 billion pipeline deal as Gulf turns to foreign capital
Gulf governments are stepping up infrastructure deals with foreign investors, with Kuwait set to launch an oil pipeline network stake sale as soon as February in a deal that could raise up to $7 billion, three sources with knowledge of the matter said. The shift comes as oil prices, down more than 25% in two years, sit below levels needed to fund the Gulf’s diversification plans. Governments are now offering investors access to assets once off limits - from pipelines to power plants - to bring [Read more]
Hemisphere Energy Declares Quarterly Dividend, Announces 2026 Guidance, and Provides Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - January 28, 2026) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to declare a quarterly dividend to shareholders, deliver guidance for 2026, and provide a corporate update. Quarterly Dividend Hemisphere is pleased to announce that its Board of Directors has approved a quarterly cash dividend of $0.025 per common share in accordance with the Company's dividend policy. The dividend will be [Read more]
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