Utility Vistra said on Monday it has agreed to buy Cogentrix Energy, comprising 10 natural gas-fired power plants, from Quantum Capital Group for about $4.7 billion, as it looks to meet growing power demand. Shares of the company rose nearly 5% in extended trading. The deal includes about $2.3 billion in cash, $900 million in Vistra stock and the assumption of $1.5 billion in debt, partly offset by expected tax benefits, the Texas-based electricity producer said. This acquisition follows [Read more]
News
Precision Drilling Corporation 2025 Fourth Quarter and Year-End Results Conference Call and Webcast
CALGARY, Alberta, Jan. 05, 2026 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision) intends to release its 2025 fourth quarter and year-end results after the market closes on Wednesday, February 11, 2026, and has scheduled a conference call to begin at 11:00 a.m. MT (1:00 p.m. ET) on the next day, Thursday, February 12, 2026. To participate in the conference call please register at the URL link below. Once registered, you will receive a dial-in number and a unique PIN, which will [Read more]
Alberta’s Danielle Smith says Maduro capture outlines urgency of West Coast pipeline
EDMONTON - Alberta Premier Danielle Smith says the American capture of Venezuelan President Nicolás Maduro underlines the urgency of building oil pipelines to export Canadian oil to new markets. U.S. President Donald Trump sent political shock waves around the world with the weekend military raid, saying Washington aimed to seize the South American country's oil reserves. Smith says the events "emphasize the importance that we expedite the development of pipelines to diversify our oil [Read more]
Five things to watch in Canada’s oil and gas industry in 2026
The next year could mark a turning point for major export expansions By Deborah Jaremko on January 5, 2026, 10:01 am MST Pipe in storage for the Trans Mountain expansion near Hope, B.C., in August 2019. CP Images photo The coming year could mark a turning point for the expansion of Canada’s oil and gas sector as governments look to harness its resources to drive economic independence and prosperity. Against a backdrop of steady drilling activity and continued production growth, [Read more]
Trump administration has not consulted US oil majors about Venezuela, oil execs say
The Trump administration did not consult with oil companies Exxon Mobil, ConocoPhillips, or Chevron Corp about Venezuela before or after U.S. forces captured the South American country’s president Nicolas Maduro Jan. 3, according to four oil industry executives familiar with the matter. That contradicts President Donald Trump's assertion aboard Air Force One on Sunday that he had spoken to all of the U.S. oil companies "before and after" Maduro’s capture about his plans for investing in the [Read more]
China’s oil investments in Venezuela
China is a major customer of and investor in Venezuela's oil sector, which President Donald Trump aims to revive following the U.S. military's ouster of President Nicolas Maduro on Saturday. Years of mismanagement, underinvestment and, more recently, U.S. sanctions have slashed Venezuelan crude production to about 1.1 million barrels per day (bpd) last year from a peak of some 3.5 million bpd in the late 1990s, according to official figures. Here are details on Beijing's role in the [Read more]
Russia loses ally in Venezuela but hopes to gain from Trump’s ‘Wild West’ realpolitik
Venezuelan leader Nicolas Maduro's capture by the United States has deprived Vladimir Putin of an ally and could increase U.S. "oil clout", but Moscow is eying potential gains from President Donald Trump's division of the world into spheres of influence. Special Forces seized Maduro only eight months after the Russian president agreed a strategic partnership with his "dear friend", and Trump said the U.S. was taking temporary control of Venezuela, which has the world's biggest oil [Read more]
What’s the status of international oil companies in Venezuela after Maduro’s capture?
Here are key facts about international oil companies in Venezuela, a country with the world's largest oil reserves thrown into crisis by the capture of President Nicolas Maduro by U.S. forces. In the 2000s, former President Hugo Chávez expropriated assets from several foreign oil companies, strengthening state-owned PDVSA’s control over the country's oilfields. Today, foreign firms must obtain U.S. authorizations to negotiate, plan, and operate projects in Venezuela due to Washington's [Read more]
Venezuela risk to US economy is via oil prices, but not seeing it yet, Fed’s Kashkari says
The main risk to the U.S. economy from the Trump administration's capture of Venezuela's leader over the weekend would stem from rising oil prices, Minneapolis Federal Reserve President Neel Kashkari said on Monday, but that does not appear to be underway so far. The risk is "mostly through oil prices," Kashkari said in an interview on CNBC. "When Russia invaded Ukraine, it sent a commodity shockwave all around the world. It didn't happen with Hamas attacking Israel. It has not happened now [Read more]
Who is ‘tsarina’ Delcy Rodriguez, the acting president of Venezuela?
Delcy Rodriguez, declared the interim president of Venezuela after Nicolas Maduro's capture by U.S. forces, is one of the iron fists in Venezuelan politics, a practitioner of economic orthodoxy who has strived to build relationships with the private sector and who is known for her taste for luxury. Over more than a decade in public life, the 56-year-old Rodriguez has amassed significant influence, earning her the nickname "the tsarina," while Maduro has called her a "tigress" for her staunch [Read more]
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