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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
April 28, 2025

RWE Ditches U.S. Offshore Wind, and That Should Scare Everyone

Germany’s RWE just pulled the plug on its U.S. offshore wind business. Quietly. No fireworks, no headlines about thousands of turbines scrapped—just a dry admission that it’s “halting activities” in…

Oil & Gas
April 28, 2025

SLB Joins Other Oilfield Services Giants to Warn of Gloomier Outlook

The world’s biggest oilfield services provider, SLB (NYSE: SLB), flagged heightened uncertainties about upstream oil and gas investment amid fears of economic slowdown, fluctuating oil prices, and unknown tariff talks…