Ovintiv has closed its 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. SourceContinue Reading

Following up on last year’s referendum that endorsed the pursuit of nuclear energy in Kazakhstan, the government is moving quickly to lay the groundwork for at least two reactors. President Kassym-Jomart Tokayev has expressed a desire to eventually construct a “nuclear cluster” in the country to power economic growth. The government is working to finalize...Continue Reading

Via Metal Miner “The import market is slow right now. We have seen a lot of pressure on imports,” one trader said on January 24. They were referring to the anti-dumping investigation on HRC imports from Japan, Egypt, India and Vietnam, which the European Commission started in August. The move followed a request by the...Continue Reading

Trump Envoy Pressures Maduro as U.S. Weighs Cutting Venezuelan Crude | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Jan 31, 2025, 12:30 PM CST Richard Grenell, one of Donald Trump’s closest...Continue Reading

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, after a 4-rig drop in each of the two weeks prior. The total rig count rose by six rigs, to 582, according to Baker Hughes, down 37...Continue Reading

Goldman Sachs: Brent Crude Could Hit $93 if Sanctions Hit Iranian, Russian Oil | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Jan 31, 2025, 11:30 AM CST Goldman Sachs analysts predict...Continue Reading

Phillips 66 Books Smaller-Than-Feared Loss in Q4 | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info Related News By Tom Kool – Jan 31, 2025, 11:00 AM CST Phillips 66 (NYSE: PSX) reported a loss for the fourth quarter, as expected,...Continue Reading

BP’s High-Stakes Return to Kirkuk | OilPrice.com Shahriar Sheikhlar Shahriar is a Mechanical Engineer and MBA graduate with more than 22 years experience largely in Oil and Gas in Iran and then in Kurdistan… More Info Premium Content By Shahriar Sheikhlar – Jan 31, 2025, 11:00 AM CST bp is set to return to Kirkuk’s...Continue Reading

Chevron’s Q4 Earnings Miss Forecast as Refining Swings to Loss | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 31, 2025, 10:30 AM CST Chevron Corporation (NYSE: CVX) booked lower-than-expected earnings for the fourth quarter as weak refining margins and sales resulted in the first...Continue Reading

President Donald Trump on Thursday announced he will decide tonight on whether to impose sweeping 25% tariffs on Canada and Mexico related to their failure to regulate the flow of fentanyl into the United States, and said his administration is in the process of formulating tariffs for China as well. “We’ll be announcing the tariffs...Continue Reading