Energy News, Top Headlines, Commentaries, Features & Events

Ovintiv Announces Closing of Uinta Asset Sale

January 22, 2025 by EnergyNow Media

DENVER, Jan. 22, 2025 /PRNewswire/ – Ovintiv Inc. (NYSE, TSX: OVV) (“Ovintiv” or the “Company”) today closed the previously announced all cash sale of substantially all its Uinta assets, located in Utah, to FourPoint Resources, LLC, for approximately $2 billion. “The Uinta sale builds on our track record of unlocking significant value from our non-core assets while focusing our … Read more

Newmark Arranges $2.3 Billion Construction Financing for 206 MW Build-to-Suit Data Center

January 22, 2025 by EnergyNow Media

NEW YORK, Jan. 22, 2025 /PRNewswire/ — Newmark Group, Inc. (Nasdaq: NMRK) (“Newmark” or “the Company”), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the firm has arranged a $2.3 billion loan to capitalize a 206 megawatt (MW), Build-to-Suit data center development in … Read more

North Dakota Oil Output Down About 70,000-100,000 bpd Due to Cold Weather

January 22, 2025 by EnergyNow Media

North Dakota’s oil production was estimated to be down by between 70,000 barrels per day (bpd) to 100,000 bpd due to extreme cold weather and related operational challenges, the state’s pipeline authority said on Wednesday. “Milder winter temperatures have returned in the region, and we anticipate that the majority of the lost production will return … Read more

Investors Balked at Venture Global’s Earnings Outlook Before IPO Price Cut

January 22, 2025 by EnergyNow Media

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By Echo Wang, Curtis Williams and David French Company cuts upper valuation guidance to $65 bln from $110 bln Investors balked at long-term sales guidance in IPO prospectus IPO a rare opportunity to buy equity in U.S. LNG exporter Also seen as test of investor faith in Trump pro-energy agenda Jan 22 (Reuters) – Venture … Read more

Trump’s Climate Withdrawal Creates Rare Discord With Big Oil

January 22, 2025 by EnergyNow Media

By Valerie Volcovici and Sheila Dang Withdrawal from Paris agreement increases regulatory ambiguity, risks US energy firms planning long-term investments in technologies aimed at fighting climate change US oil industry prefers engagement in global climate talks WASHINGTON, Jan 22 (Reuters) – U.S. oil and gas producers are thrilled that President Donald Trump wants to encourage … Read more

Lyondell to Begin Closure of Houston Refinery This Weekend, Sources Say

January 22, 2025 by EnergyNow Media

By Erwin Seba HOUSTON, Jan 22 (Reuters) – LyondellBasell Industries (LYB.N) will begin the permanent closure of its 263,776 barrel-per-day Houston refinery this coming weekend, said people familiar with plant operations. Layoffs of up to 400 employees at the refinery are scheduled to begin two months after the shutdown begins, the sources said. A Lyondell … Read more

US Extends Comment Deadline on Biden-Era LNG Study to Protect Approvals

January 22, 2025 by EnergyNow Media

WASHINGTON, Jan 22 (Reuters) – The U.S. has extended the comment period on a federal study of the economic and environmental impacts of the booming liquefied natural gas (LNG) export business after advisers had urged President Donald Trumpto take a patient approach to prevent approvals from getting overturned in court. The U.S. Department of Energy … Read more

Trump’s Tariff Whiplash Is Designed to Sow Chaos, Trudeau Says

January 22, 2025 by EnergyNow Media

Order for April 1 border review came with Feb. 1 tariff threat Canada prime minister supports ‘dollar-for-dollar’ retaliation By Brian Platt, Thomas Seal, and Robert Tuttle US President Donald Trump is trying to create uncertainty in his trading partners to knock them off-balance and weaken their negotiating position, Canadian Prime Minister Justin Trudeau said. Trump … Read more

Oil’s Dark Fleet Puts Pressure on Trump to Act Quickly

January 22, 2025 by EnergyNow Media

An unusually reticent president hasn’t had much to say about sanctions on Russia and Iran’s crude exports since returning to the White House. The detained Eagle S tanker, part of the fleet carrying Russian oil, off Finland this month.Photographer: Roni Rekomaa/Bloomberg By Weilun Soon Welcome to our guide to the energy and commodities powering the … Read more

Venture Global Slashes IPO Price Range by More Than 40%

January 22, 2025 by EnergyNow Media

By Ruth Liao and Bailey Lipschultz Venture Global Inc. slashed the marketed range for its initial public offering, bringing the potential valuation well below its $110 billion target. The liquefied natural gas exporter is marketing 70 million shares in the offering for $23 to $27 each, a more than 40% drop from the $40 to … Read more

LNG Exporter Venture Global Cuts Target Valuation for US IPO to $65.3 bln

January 22, 2025 by EnergyNow Media

(Reuters) – LNG exporter Venture Global on Wednesday slashed the valuation it was seeking from its U.S. initial public offering to as much as $65.33 billion, significantly lower than the more than $100 billion it had initially aimed. The company also lowered its offer price, effectively increasing the number of shares on sale against the … Read more

Halliburton Warns of Softer North America Activity Even as Quarterly Profit Beats Estimates

January 22, 2025 by EnergyNow Media

(Reuters) – Halliburton on Wednesday warned of softer activity in North America this year even as the oilfield giant beat analysts’ estimates for fourth-quarter profit helped by higher demand for drilling and pressure pumping services in the North Sea and Asia. The tepid outlook echoed that of rival Schlumberger, who flagged a flat 2025 revenue … Read more

Tariff Threat Unleashes Flood of Canadian Oil Heading to U.S.

January 22, 2025 by EnergyNow Media

Suppliers rush to push out as much oil as possible as it’s more valuable now than in the future Bloomberg News A flood of Canadian oil is heading south to the United States to beat President Donald Trump’s threatened tariffs. Enbridge Inc.’s Mainline, the largest oil export pipeline from Canada to the U.S., will cut the volumes of … Read more