U.S. control of Venezuela's oil exports has ensnared barrels that had been servicing debt to China, lining up another potential showdown between the two superpowers that could further complicate the South American country's path out of default. Around a tenth of Venezuela's $150 billion foreign debt pile is estimated to be loans from China that the OPEC member was paying in oil cargoes - until the U.S. seized Venezuelan President Nicolas Maduro earlier this month. Debt experts said the [Read more]
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How much does Venezuela owe China, and why is oil involved?
The U.S. takeover of Venezuela's oil exports has re-routed crude barrels that were being used to service debt owed to China. How much does Venezuela owe China, and how and why was the country getting debt payments after Venezuela's default? HOW MUCH DOES VENEZUELA OWE CHINA? Data on Venezuela's debt is sketchy, particularly since 2017 when U.S. sanctions triggered a sovereign default. AidData, a research lab at the U.S. university William & Mary which tracks lending, estimated that [Read more]
Worker dies at Suncor oilsands site after machinery sinks into muskeg
FORT MCMURRAY - Alberta Occupational Health and Safety is investigating the death of a worker at an oilsands mine north of Fort McMurray. The provincial government says the worker was inside a piece of equipment last week when it became submerged in muskeg. Suncor Energy Inc. says the contractor had been operating heavy machinery near a water body at its Fort Hills oilsands site. As of last week, the person was unaccounted for and recovery efforts were [Read more]
US allows China to purchase Venezuelan oil but not at ‘undercut’ prices of Maduro days, official says
The Trump administration is allowing China to purchase Venezuelan oil but not at "unfair, undercut" prices at which Caracas sold the crude before the U.S. removed its leader Nicolas Maduro, an administration official said on Thursday. While the oil will be sold in the global marketplace, the U.S. administration has required that the majority be sold to the United States, the official said on condition of anonymity. The U.S. says it will control Venezuela's oil sales indefinitely after seizing [Read more]
Largest US electric grid expects all-time record winter demand
Winter electricity demand on the largest U.S. power grid - the PJM Interconnection - is expected to set an all-time record next week as large swaths of the United States brace for an Arctic blast of cold weather. PJM's seven-day forecast on Thursday morning predicted 144,465 megawatts of demand on January 27. That would top PJM's all-time winter high of 143,700 set in January 2025. PJM is the biggest grid operator in North America, serving 67 million people in 13 states and Washington, [Read more]
Kimmeridge to nominate Scott Sheffield to Coterra Energy board, WSJ reports
Investment firm Kimmeridge plans to nominate former Pioneer Natural Resources CEO Scott Sheffield to Coterra Energy's board, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Kimmeridge has said Coterra's board must reassess its leadership structure and appoint an independent, non-executive chair, the report said, adding that it expects to nominate four more people to the board. In November, activist investor Kimmeridge called for an overhaul of [Read more]
Early Warning Reporting – Disposition of Shares of Baytex Energy Corp.
Jan 22, 2026, 08:55 ET HOUSTON, Jan. 22, 2026 /CNW/ - Juniper Capital Advisors, L.P. ("Juniper") announces that on January 21, 2026, Juniper RCR Holdings, LLC ("Juniper RCR"), an entity controlled (directly or indirectly) by Juniper, entered into an agreement to sell 20,265,188 common shares of Baytex Energy Corp. ("Baytex") to certain arms' length persons in a private transaction effected by way of block-trade, at a price of US$3.354 per common share, for aggregate net proceeds of [Read more]
Venezuela’s proposed oil reform to give autonomy to companies to operate, cash sales -documents
A profound proposed reform of Venezuela's hydrocarbons law would allow foreign and local companies to operate oilfields on their own through a new contract model, commercialize output and receive sale proceeds even if acting as minority partners of state company PDVSA, drafts seen by Reuters on Thursday showed. Venezuela's interim President Delcy Rodriguez last week submitted the reform proposal, expected to deeply modify the backbone of the OPEC country's oil industry by changing late President [Read more]
“Results from the Grand Rapids are crushing our expectations” – Headwater encouraged by success of its new oil play – StackDX Intel
Headwater released an operations update late last week, with the full press release accessible here. While a small part of the company's overall production, Headwater Exploration pointed out the success it is having with its new Grand Rapids oil play in Marten Hills West, excerpt below: Grand Rapids Formation in Marten Hills West Results from the Grand Rapids are crushing our expectations. Our first production commenced from the Grand Rapids in May 2025, and this zone now contributes [Read more]
Westgate Energy provides operational update
CALGARY, AB, Jan. 22, 2026 /CNW/ - Westgate Energy Inc. ("Westgate", the "Company", "we" or "our") (TSXV: WGT), is pleased to provide an operational update following the initial startup of its three recently drilled Mannville Stack oil wells in the Beaverdam area of Alberta. Fall 2025 Drilling Program Results The Company successfully brought its latest three horizontal wells at the Beaverdam asset on production in mid to late December 2025. Current combined production from [Read more]
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