HOUSTON, Jan 31 – U.S. oil producer Chevron used the term “Gulf of America” instead of Gulf of Mexico in its fourth-quarter press release on Friday, a sign of corporate America beginning to implement U.S. President Donald Trump’s order to rename the ocean basin. The name change was part of a flurry of executive orders Trump issued …
Oil Producer Chevron Uses Term ‘Gulf of America’ After Trump Renaming Order Read More »
DENVER, Jan. 31, 2025 /PRNewswire/ – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (“Ovintiv” or the “Company”) today closed the previously announced acquisition of certain Montney assets from Paramount Resources Ltd. The acquisition adds approximately 70 thousand barrels of oil equivalent per day (“MBOE/d”) of production, 900 net 10,000 foot equivalent well locations, and approximately 109,000 net acres of land, …
Ovintiv Announces Closing of Montney Asset Acquisition Read More »
DENVER, Jan. 31, 2025 /PRNewswire/ – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (“Ovintiv” or the “Company”) today closed the previously announced acquisition of certain Montney assets from Paramount Resources Ltd. The acquisition adds approximately 70 thousand barrels of oil equivalent per day (“MBOE/d”) of production, 900 net 10,000 foot equivalent well locations, and approximately 109,000 net acres of land, …
Ovintiv Announces Closing of Montney Asset Acquisition Read More »
Summary • Global oil demand seen growing by 700,000 to 1.3 mln bpd in 2025 • First upward revision in 2025 Brent price forecast since April (Reuters) – Sluggish demand from China and oversupply worries will keep oil prices anchored below $80 a barrel this year, a Reuters poll showed on Friday, although tougher U.S. …
2025 Oil Prices to See Little Upside as Weak Demand, Supply Glut Concerns Persist Read More »
Summary • Japan considers support for Alaska gas project to forestall trade tensions with US, sources say • Japan doubts pipeline viability but may explore deal if asked by Trump, sources say • Trump and Japan PM Ishiba expected to meet as soon as next week, sources say (Reuters) – Japan is considering offering support …
Exclusive: Japan Weighs Alaska LNG Pipeline Pledge to Win Trump’s Favour Read More »
(Reuters) – Chevron Corp reported fourth-quarter earnings below Wall Street estimates on Friday as weak margins pushed its refining business into a loss for the first time since 2020, sending its shares down more than 2%. Chevron CEO Mike Wirth told Reuters the downtrend in refining margins is set to continue this year. The second-largest …
Chevron Misses Earnings Estimate as Refining Posts First Loss in Four Years Read More »
The battery maker’s bankruptcy lawyer argued in a letter to creditors that Chapter 11 processes cover all countries Bloomberg News The steps to recover claims “violate United States federal law and an order from the U.S. Bankruptcy court,” Christopher T. Greco, a lawyer for Kirkland & Ellis LLP, wrote in the letter seen by newspaper …
Northvolt Threatens to Sue Creditors Over Seized Funds Read More »
Summary • Trump tariffs on Canada and Mexico could start this weekend • Unclear if tariffs would exclude oil imports • Russian sanctions dampen supply prospects • OPEC+ to discuss U.S. output plans on Feb 3 (Reuters) – Oil prices were steady on Friday but on course for a weekly decline as markets wait to …
Oil Set for Weekly Decline as Trump Tariff Threat Looms Large Read More »
Private equity-backed oil and natural gas producer Infinity Natural Resources on Thursday raised $265 million in its initial public offering in the United States. The company, backed by buyout firms Pearl Energy Investments and NGP, sold 13.5 million shares at $20, within marketed range of $18 and $21. Energy has been a major theme in …
Pearl Energy-Backed Infinity Natural Resources Raises $265 Mln in US IPO Read More »
An emerging option to extend portfolio company deadlines is gaining momentum, eclipsing go-public strategies or M&A.
