(Reuters) – The United States has now returned to the Venezuelan government all $500 million from the initial sale of oil that was part of a deal reached between Caracas and Washington last month, a U.S. official said on Tuesday. The last $200 million from the sale has been sent to Venezuela, the official said, speaking …
US Says it Has Returned to Venezuela All $500 Million of Initial Oil Sale Read More »
By Emily Chow and Yousef Saba DOHA, Feb 3 (Reuters) – Malaysia’s state-owned firm Petronas is set to sign a liquefied natural gas supply deal with QatarEnergy as the southeast Asian nation seeks more supplies of the super-chilled fuel, two sources familiar with the matter told Reuters. Petroliam Nasional, or Petronas, will sign a contract …
Malaysia’s Petronas Set to Sign LNG Supply Deal With QatarEnergy, Sources Say Read More »
Feb 3 (Reuters) – Ukrainian Energy Minister Denys Shmyhal said on Tuesday that a power plant in Kyiv’s eastern suburbs had been seriously damaged in overnight Russian attacks, prompting officials to redirect resources to restoring heating to thousands of residents. Shmyhal, writing on Telegram after a meeting devoted to energy issues, said the plant in …
Ukrainian Energy Minister Says Kyiv Power Plant Badly Damaged Read More »
(Reuters) – The U.S. government is working to issue as early as this week a general license allowing companies to produce oil and gas in Venezuela, as Washington seeks to encourage expanded output in the OPEC nation since capturing its president, three sources close to the matter told Reuters. The move by the Treasury’s Office …
US Soon to Issue General License for Oil Production in Venezuela, Sources Say Read More »
(Reuters) – Commonwealth LNG said on Tuesday it has signed a 20-year sale and purchase agreement to supply 1 million tons per annum of liquefied natural gas to Mercuria. Under the deal, Mercuria will provide 1 million tons of natural gas per year to Commonwealth, and Commonwealth will convert it into LNG for Mercuria to …
(Reuters) – Oil refiners on the U.S. Gulf Coast are struggling to absorb a rapid surge in Venezuelan crude shipments since last month’s flagship $2 billion supply deal between Caracas and Washington, pressuring prices and leaving some volumes unsold, according to traders and shipping data. The soft U.S. demand represents an early obstacle for President …
US Refiners Struggle to Absorb Sudden Surge in Venezuelan Oil Imports Read More »
DENVER, Feb. 3, 2026 /CNW/ – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (“Ovintiv” or the “Company”) announced today that it has completed its acquisition of all of the common shares (“NuVista Shares”) of NuVista Energy Ltd. (TSX: NVA) (“NuVista”) in a cash and stock transaction valued at $2.7 billion. The acquisition is expected to add approximately 930 net 10,000-foot equivalent …
Ovintiv Announces Closing of NuVista Energy Acquisition Read More »
(Reuters) – A rush by U.S. utilities and tech giants to snap up as many gas turbines as possible to boost local power output is causing a global shortage of gas-power equipment and may spur other power systems to fast-track cleaner alternatives. The amount of U.S. gas-fired capacity that is under construction has more than …
US-Driven Gas Turbine Crunch May Speed Global Clean Power Uptake Read More »
Feb 3 (Reuters) – Marathon Petroleum reported fourth-quarter profit above Wall Street estimate on Tuesday, as a 44% jump in refining margins underscored stronger operational performance after a prolonged downturn in 2024. Shares of the country’s top refiner gained nearly 7% in premarket trading. U.S. fuel maker margins have begun to rebound from multi-year lows …
Marathon Petroleum Profit Beats as Margins Rebound From Multi-Year Lows Read More »
NEW YORK, Feb. 2, 2026 /PRNewswire/ — Kimmeridge Energy Management Company, LLC, a private investment firm focused on the energy sector, today issued the following statement in response to an announced definitive agreement for Coterra Energy (NYSE: CTRA) and Devon Energy (NYSE: DVN) to merge in an all-stock transaction. Mark Viviano, Managing Partner at Kimmeridge, …
Kimmeridge Comments on Proposed Merger of Coterra and Devon Read More »
