Calgary, Alberta--(Newsfile Corp. - February 4, 2026) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to announce that it has completed its previously announced upsized bought deal offering (the "Offering") of common shares ("Common Shares") with a syndicate of underwriters co-led by RBC Capital Markets and CIBC Capital Markets (the "Co-Lead Underwriters") and including ATB Capital Markets, BMO Capital Markets, Peters & Co. Limited and Raymond James Ltd. (together [Read more]
News
Equinor sold about 30% of its US gas on spot market during January price spike
Norway's Equinor sold around 30% of volumes from its U.S. onshore natural gas assets on a spot basis in January, capitalising on a cold snap that sharply lifted demand and prices, its chief financial officer said on Wednesday. An Arctic blast sent U.S. heating demand soaring in January and froze oil and gas wells, cutting gas output to a two-year low and pushing some northeast gas hub prices to record highs. Equinor owns stakes in onshore gas production in the U.S., with the Marcellus [Read more]
Venezuelan expats who helped propel Canada oil sands growth see return home as unlikely
Professional engineer Luis Cabana couldn't take a walk in downtown Calgary in the mid-2000s without someone he knew calling out to him in Spanish. Office towers in the corporate heart of Canada's oil and gas sector were at the time heavily populated with Venezuelan expats who had fled persecution and economic stagnation in their home country. Wintry and vast, Canada is geographically far from the heat and humidity of Venezuela. But the oil sands of northern Alberta and Venezuela's Orinoco [Read more]
Trump’s India pact to make big dent in Russian oil revenue
Russia faces a steep drop in oil income if U.S. President Donald Trump successfully pressures India to stop importing Russian crude, because losing its top purchaser of seaborne exports would force Moscow to slash prices to find other buyers, analysts and traders said. Trump on Monday cut U.S. tariffs on Indian goods in a trade deal he said also included provisions for India to halt oil imports from Russia, the world's second-biggest oil exporter. The United States is putting pressure on [Read more]
What’s the point of Europe today? It must figure it out fast: Stephen Jen
We all know people who seem to attract all the bad luck in life. Europe, facing both internal and external challenges, is starting to look like that unfortunate person. What the region needs now is clarity of purpose and a bold plan to achieve it. Some of the challenges Europe faces come from without, such as fraying Transatlantic ties with the U.S. and competitive pressures from China. Other difficulties stem from its own past policies and priorities – most notably over-regulation and an [Read more]
Petronas signs 20-year LNG supply deal with QatarEnergy
QatarEnergy will supply Petronas 2 million metric tons a year (mtpa) of liquefied natural gas (LNG) in a 20-year deal, the Malaysian state-run firm said on Wednesday, helping address the country's rising gas demand amid dwindling reserves. The deal, signed at the LNG2026 conference in Doha, is the first long-term supply arrangement between the two countries and follows Qatar's 27-year LNG supply deal with Japan last week. Petroliam Nasional, or Petronas, is actively pursuing investments in [Read more]
Oil extends climb on fears of escalating Middle East tensions
Oil prices extended gains on Wednesday after the U.S. shot down an Iranian drone and armed Iranian boats approached a U.S.-flagged vessel in the Strait of Hormuz, rekindling fears of an escalation in tensions between Washington and Tehran. Brent crude futures were up 56 cents, or 0.8%, at $67.89 per barrel at 0400 GMT. U.S. West Texas Intermediate crude was up 63 cents, or 1.0%, at $63.84 per barrel. Both benchmarks rose nearly 2% on Tuesday, as investors monitored developments between the [Read more]
New oil and gas jobs from BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Feb. 3 Recruitment Administrator Roska DBO Grande Prairie Feb. 2 Junior Field Operator Roska DBO Grande Prairie Feb. 1 CEMENT OPERATOR - (BRT) Trican Well [Read more]
US authorizes US diluent supply to Venezuela oil sector
The U.S. Treasury Department on Tuesday issued a new license authorizing the export and sale to Venezuela of U.S. diluents, a key fuel needed to produce exportable crude oil grades in the OPEC country, according to a document shown to Reuters by an administration official. The authorization, which is Washington's second general license granted so far to ease sanctions on Venezuela following the U.S. capture of President Nicolas Maduro last month, supports the administration's policy of [Read more]
Discount on Western Canada Select widens
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Tuesday. WCS for March delivery in Hardisty, Alberta, settled at $14.80 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $14.60 a barrel on Monday. * The discount on Canadian heavy crude widened approximately $1 per barrel over the month of January in the wake of heightened market volatility caused by U.S. President Donald Trump's stated [Read more]
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