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Ovintiv to add Montney assets, simultaneous Uinta divestiture makes for minimal cash outlay

Oil & Gas
November 14, 2024

Ovintiv Inc., Denver, has agreed to acquire certain Montney assets from Paramount Resources Ltd., Calgary, in a deal valued at about $2.377 billion and has offset the deal with another to divest Uinta assets for $2 billion.

Oil & Gas
February 13, 2026

India Explores Gas Power Boost to Stabilize Grid During Peak Hours

India considers boosting the run rates of its gas-fired power plants during evening peak hours to support the grid amid the surge in renewable power generation, India’s Power Secretary Pankaj…

Oil & Gas
February 13, 2026

India’s Top Private Refiner Gets U.S. License to Buy Venezuelan Oil

India’s largest private refiner, Reliance Industries, has been authorized by the United States to buy, export, and sell Venezuelan crude oil, Reuters reported on Friday, citing sources with knowledge of…