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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
August 6, 2026

Angola Confirms New Offshore Oil and Gas Reserves With Katambi-2 Well

Angola’s state-owned oil firm Sonangol and its partner in an exploration block offshore Angola, ANPG, successfully drilled an appraisal well that showed good reservoir potential for both oil and gas…

Oil & Gas
August 6, 2026

Gulf Shipping Grinds to a Halt Following Houthi Missile Claim

Vessel traffic at the Strait of Hormuz and the Bab el-Mandeb Strait crumbled on Wednesday from the previous day amid a Houthi claim they have hit a Saudi oil tanker…