January 30, 2026 - Oil & Gas 360

CanCambria Energy Announces Second Upsize and Closing of Non-Brokered Private Placement for Gross Proceeds of $3,275,350

January 30, 2026

(Oil & Gas 360) – Vancouver, BC – January 29, 2026 – CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) (“CanCambria” or the “Company”) is pleased to announce today that, further to its news releases dated January 5, 2026 and January 15, 2026, it has closed a second upsize of its non-brokered private placement (the “Offering”) for gross proceeds of

SM Energy completes Civitas merger, expands Permian and U.S. shale footprint

January 30, 2026

(World Oil) – SM Energy Company has closed its all-stock merger with Civitas Resources, Inc. following shareholder approval at special meetings held Jan. 27. The combined company will continue operating under the SM Energy name. The transaction creates a larger, oil-focused U.S. independent with a broader footprint across core shale basins, including an expanded position in the Permian Basin. Management has previously outlined plans

Canada, Australia LNG cargoes head to the Atlantic in rare move after Arctic storm

January 30, 2026

(BOE Report) – At least three liquefied natural gas (LNG) cargoes loaded in Australia and Canada are heading toward Europe and the Americas instead of their usual destination, Asia, after an Arctic storm curbed exports from the U.S., shiptracking data showed. The diversion of supply away from Asia could tighten supply and support spot LNG prices in the region. While

Chevron beats profit estimates as it commits to Venezuela

January 30, 2026

(Oil Price) – Chevron Corporation (NYSE: CVX) reported on Friday consensus-beating earnings for the fourth quarter as it pledged to boost presence in Venezuela, where it is currently the only U.S. company authorized to operate. Chevron reported today adjusted earnings of $3.0 billion, or $1.52 per share, for the fourth quarter of 2025. While the profit was lower compared to the same period

Exxon beats Wall Street profit targets with help from higher production, refining

January 30, 2026

(BOE Report) – Exxon Mobil beat Wall Street targets in fourth-quarter earnings reported on Friday, with higher oil production in profitable Permian Basin and Guyana assets helping to boost the No. 1 U.S. oil producer’s results. Adjusted earnings for the October to December quarter were $1.71 per share, beating a consensus estimate of $1.68 per share from analyst data compiled by

Coterra, Devon merger talks advance as shale consolidation heats up

January 30, 2026

(World Oil) – Coterra Energy Inc. and Devon Energy Corp. are in advanced talks about a combination, according to people familiar with the matter, in what would be one of the largest oil and gas deals in years. The companies could announce a deal in the coming days, said the people, who asked to not be identified because the talks are private. No

Oil prices retreat as U.S. eases Venezuela sanctions; set for large monthly gains

January 30, 2026

(Investing) – Oil prices fell Friday after the Donald Trump administration eased some sanctions on Venezuela’s energy industry, but were still heading for hefty monthly gains on heightened geopolitical tensions in the Middle East. At 08:55 ET (13:55 GMT), Brent oil futures for March fell 0.6% to $69.16 a barrel, and West Texas Intermediate crude futures fell 0.7% to $64.96 a barrel. While prices fell

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