U.S. electric grid operators on Saturday stepped up precautions to avoid rotating blackouts as frigid weather hitting half of the country's population stressed their operations. The PJM Interconnection - the largest U.S. regional grid that serves 67 million people in the East and Mid-Atlantic - reported temporary spikes in spot wholesale electricity prices that soared above $3,000 per megawatt hour on Saturday morning from earlier levels of less than $200 per MWh. Older power plants, typically [Read more]
News
Libya to sign 25-year deal with TotalEnergies, ConocoPhillips to bring over $20 billion in investment
Libya will sign a 25-year oil development agreement on Saturday with France's TotalEnergies and U.S.-based ConocoPhillips, involving more than $20 billion in foreign-financed investment and aimed at boosting production capacity by up to 850,000 barrels per day, Prime Minister Abdulhamid al-Dbeibah said. Signed through Waha Oil Company, a subsidiary of Libya's state-run National Oil Corporation, the deal is expected to generate net revenues of more than $376 billion, Dbeibah said in a post on [Read more]
NuVista shareholders vote to approve $3.8B Ovintiv transaction
CALGARY - U.S.-based Ovintiv Inc.'s bid to acquire NuVista Energy Ltd. has been approved by the shareholders of the Calgary-based company. A news release from the companies says the transaction was approved by around 99 per cent of NuVista shareholders. The companies say that after the meeting of shareholders, the transaction received a final order from an Alberta court. The transaction is now subject to other closing conditions and approval under the Investment Canada [Read more]
Exxon’s XTO unit seeks buyers for select Eagle Ford assets
Oil major Exxon Mobil's subsidiary XTO Energy is seeking buyers for some of its assets in the Eagle Ford shale basin in South Texas, an Exxon spokesperson confirmed to Reuters in a statement. In recent days, top U.S. oil major Exxon opened a virtual data room to begin marketing the assets, two sources told Reuters earlier. The assets, which span about 168,000 net acres, are valued at over $1 billion, the sources said. The assets XTO is selling include over a thousand wells, some of which Exxon [Read more]
NuVista and Ovintiv Announce NuVista Shareholder Approval and Receipt of Final Order for Transaction with Ovintiv and Preliminary Results of Elections by NuVista Shareholders Regarding Form of Consideration
CALGARY, AB, Jan. 23, 2026 /PRNewswire/ - NuVista Energy Ltd. (TSX: NVA) ("NuVista") and Ovintiv Inc. (NYSE: OVV) (TSX: OVV) ("Ovintiv") are pleased to announce that today at NuVista's special meeting (the "Meeting") of holders ("NuVista Shareholders") of common shares of NuVista ("NuVista Shares"), NuVista Shareholders voted in favour of the previously announced plan of arrangement (the "Transaction") involving NuVista, NuVista Shareholders, Ovintiv Canada ULC ("Ovintiv Canada") and Ovintiv [Read more]
Trump administration considers naval blockade to halt Cuban oil imports, Politico reports
U.S. President Donald Trump's administration is considering imposing a total blockade on oil imports to Cuba as part of possible new tactics to drive leadership change in the Caribbean country, Politico reported on Friday, citing three people it said were familiar with the plan. While no decision has been made, such a move has been sought by some critics of the Cuban government in the Trump administration and backed by Secretary of State Marco Rubio, Politico reported. The White House did [Read more]
Mexico weighs stopping oil shipments to Cuba amid concerns of Trump retaliation, sources say
The Mexican government is reviewing whether to keep sending oil to Cuba amid growing fears within President Claudia Sheinbaum's administration that Mexico could face reprisals from the United States over the policy, which is a vital lifeline for the Communist-run Caribbean island, according to three sources familiar with the discussions. A U.S. blockade of oil tankers in Venezuela in December and the dramatic capture of President Nicolas Maduro this month have halted Venezuelan oil shipments to [Read more]
US drillers add oil and gas rigs for first time in three weeks, Baker Hughes says
U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by 1 to 544 in the week to January 23. Despite this week's rig increase, Baker Hughes said the total count was still down 32 rigs, or 5.6% below this time last year. Baker Hughes said oil rigs rose by 1 to 411 this week, their, while gas rigs were [Read more]
North Dakota crude output down on cold weather snap, state regulator says
HOUSTON, Jan 23 - North Dakota crude output is currently down by 80,000 barrels per day to 110,000 bpd as operators shut production in due to cold weather, the state regulator said on Friday. "It is warming up next week so I don't anticipate any long term production impacts," said Justin Kringstad, Director of North Dakota Pipeline Authority. The state's well-head associated gas output was down by 0.24 billion cubic feet per day to 0.33 bcfd. (Reporting by Georgina McCartney in Houston) [Read more]
How the U.S. controls Iraq’s oil revenues
The United States, since its 2003 invasion of Iraq, has held effective control over the country's oil revenue dollars, giving Washington extraordinary leverage over Baghdad's affairs, with implications for regional dynamics involving Iran. How does the U.S. control Iraq's oil revenues? The U.S. control over Iraq's oil revenues primarily stems from the management of Iraq's oil income through the Federal Reserve Bank of New York. After the 2003 invasion, the Coalition Provisional Authority [Read more]
- « Previous Page
- 1
- …
- 257
- 258
- 259
- 260
- 261
- …
- 3775
- Next Page »