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Ovintiv Announces Agreement to Sell its Anadarko Assets

Conventional Energy, Latest, Oil, Press Releases / By

DENVER, Feb. 17, 2026 /CNW/ – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (“Ovintiv” or the “Company”) announced today that it has entered into a definitive agreement to sell its Anadarko assets, located in Oklahoma, to an undisclosed buyer, for cash proceeds of $3.0 billion. The sale includes approximately 360 thousand net acres, which represents substantially all of the company’s …

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Ovintiv to Sell its Anadarko Assets for $3 Billion

Conventional Energy, Latest, Oil, US News / By

Ovintiv said on Tuesday it agreed to sell its Anadarko assets in Oklahoma to an undisclosed buyer for $3 billion, as the company sharpens its focus on higher-margin plays in the Permian Basin and Canada’s Montney. Shares of the company rose nearly 2% in extended trading. The divestiture delivers on a plan the company outlined in …

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U.S. Energy Chief Warns U.S. Could Quit IEA if Agency Keeps Focus on Climate

Energy Topics & Technology, Environment, Latest, US News / By

(Reuters) – U.S. Energy Secretary Chris Wright said on Tuesday the United States is not satisfied yet with reforms at the International Energy Agency (IEA). Speaking at a conference in Paris, he added that Washington does “not need a net-zero scenario” from the body and could leave the agency “if they insist that it’s so …

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Berkshire-Owned PacifiCorp, Citing Liquidity, Sells Washington Assets to Portland General Electric for $1.9 Billion

Latest, Renewable Energy, US News, Wind / By

By Jonathan Stempel and Katha Kalia PacifiCorp has warned of liquidity concerns from Oregon wildfire PGE to acquire natural gas, wind, utility assets Transaction may close in more than one year Feb 17 (Reuters) – PacifiCorp, a utility owned by Berkshire Hathaway (BRKa.N), is selling wind, natural gas generation and distribution assets and infrastructure in …

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Newfoundland and Labrador Leads Canada in Boosting Exports to Countries Other Than U.S.

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil / By

Most of the growth came from shipping crude oil to Europe. By Gary Kean Newfoundland and Labrador outpaced other provinces in sending a larger share of exports to non-U.S. markets in 2025. However, that does not mean it has diversified trading partners. According to a recent TD Economics report on the shifting nature of goods …

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U.S. Energy Chief Says Venezuela Could Boost Output by “Several Hundred Thousand Bpd by Year‑End”

Conventional Energy, Latest, Oil, US News / By

U.S. energy secretary Chris Wright said on Tuesday that Venezuela could add “several hundred thousand barrels per day” to oil production by year-end.“I think you’ll see several 100,000 barrels a day of additional production by the end of this year,” Wright said speaking at a conference in Paris. (Reporting by Kate Abnet, Forrest Crellin, Writing …

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Canada Embraces Asia to Save Auto Heartland Squeezed by U.S. Tariffs

Electric Vehicles, Energy Topics & Technology, Latest, US News / By

There’s a growing belief that if U.S. automakers are abandoning Canada, there’s no longer any reason to do them favours By Nojoud Al Mallees As the weeks passed after General Motors Co. shut down the assembly line where he had been working, reality began to set in for Mike Horne. Sitting in a union office …

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Landmark Greenwashing Case Against Gas Firm Santos Dismissed

CDN and International News, Energy Topics & Technology, Environment, Latest / By

By Keira Wright A judge dismissed a long-running legal challenge against Santos Ltd., which had accused the Australian oil and gas producer of misleading investors over its climate strategy. The case brought by the Australasian Centre for Corporate Responsibility, a shareholder advocacy group, was rejected Tuesday by Justice Brigitte Markovic. Details of her decision will …

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Citi Says Geopolitics to Support Oil Near Term – Peace Deals Seen Lowering Prices

Latest, Oil, US News / By

(Reuters) – Oil prices could remain supported in the near term as U.S. President Donald Trump ramps up pressure for peace deals involving Russia and Iran, but a resolution later this year may ultimately push crude lower, Citi said on Monday. Brent crude has rallied from around $60 per barrel to near $70 in the …

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Russia Pummels Ukraine’s Power Grid Before Talks

CDN and International News, Latest / By

By Reuters KYIV, Feb 17 – Russian forces pounded Ukrainian power infrastructure before a new round of peace talks, killing three energy workers and leaving tens of thousands of people without power and heat, officials said on Tuesday. President Volodymyr Zelenskiy condemned the overnight strikes on 12 Ukrainian regions that came under attack hours before the …

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