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Ovintiv Announces Closing of NuVista Energy Acquisition

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Oil, Press Releases / By

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 …

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US-Driven Gas Turbine Crunch May Speed Global Clean Power Uptake

Conventional Energy, Latest, Natural Gas, US News / By

(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 …

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Marathon Petroleum Profit Beats as Margins Rebound From Multi-Year Lows

Conventional Energy, Latest, Oil, US News / By

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 …

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US Crude Oil Production Nears Full Recovery After Storm Hit Output

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(Reuters) – Crude oil producers in the United States continued bringing oil wells back online on Monday, with only around 0.7% of national output still halted in the aftermath of a winter storm that ravaged production last month. Some 100,000 barrels per day of crude output remained shut, according to consultancy Energy Aspects, with outages …

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A $47 bln Deal Heralds US Oil Boom’s Middle Age

Conventional Energy, Latest, Oil, US News / By

By Robert Cyran NEW YORK, Feb 2 (Reuters Breakingviews) – The United States’ transformation into the world’s biggest oil producer has been dramatic. It is also mostly over. Thanks to a combination of declining prime acreage and modest market prices for oil, the name of the game for the producers who turned American shale patches …

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Winter Freeze Cut US LNG Output in January; Imports From Trinidad Helped Fill Gap

Conventional Energy, Latest, LNG, US News / By

(Reuters) – Exports of liquefied natural gas from the U.S. fell in January to 11.3 million metric tonnes – down from December’s record of 11.5 MT – as a winter freeze late in the month shuttered some plants and lowered output at others, preliminary data from financial firm LSEG show. Gas flows into U.S. LNG …

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US Dropping 25% Separate Tariff on Indian Imports After Pledge to Cut Russian Oil, White House Says

Conventional Energy, Latest, Oil, US News / By

(Reuters) – The Trump administration is dropping a 25% additional tariffs imposed on Indian imports over its purchases of Russian oil, in addition to lowering a country-specific tariff to 18% from 25%, a White House official said on Monday. “We are also dropping the 25% tariff given India’s agreement to stop buying Russian oil,” the …

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Trump Cuts India Tariffs in Deal He Links to Russian Oil

Conventional Energy, Latest, Oil, US News / By

By Skylar Woodhouse and Shruti Srivastava President Donald Trump said he will slash tariffs on India to 18% after Prime Minister Narendra Modi agreed to stop buying Russian oil, easing tensions between the two countries. Trump said Monday on social media that, following a phone call with Modi, he will lower his tariff on Indian …

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China’s Electric Truck Boom Poses New Threat to Demand for LNG

CDN and International News, Conventional Energy, Electric Vehicles, Energy Topics & Technology, Latest, LNG / By

China’s rapid adoption of electric trucks — which overtook gas-powered vehicle sales for the first time last year — is threatening a key source of demand for the country’s suppliers of the fossil fuel. Sales of heavy-duty trucks powered by batteries and other new energy sources hit a record in December, helping lift the full-year …

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US Natural Gas Plunges by Most in About 30 Years on Warm Weather

Conventional Energy, Latest, LNG, Natural Gas, US News / By

By Julian Hast, Stephen Stapczynski, and Sing Yee Ong US natural gas futures plummeted on Monday as weather forecasts for mid-February shifted significantly warmer, marking the largest daily loss for the front-month contract on a percentage basis since 1995, excluding contract rollover days. The March contract settled down 25.7% to $3.237 per million British thermal …

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