Dakota Access Pipeline Should Continue Operating, US Army Corps of Engineers Says

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(Reuters) – The U.S. Army Corps of Engineers on Friday released a long-anticipated Environmental Impact Statement for the Dakota Access Pipeline (DAPL), recommending that operations of the oil pipeline continue with some conditions. The EIS, a document required by U.S. law to evaluate the environmental effects of major federal actions, is a win for DAPL …

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North Dakota Rig Count, Frac Crew Count Falls, State Regulator Says

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HOUSTON, Dec 19 (Reuters) – The number of active rigs and hydraulic fracturing crews has fallen in North Dakota, according to the state’s Department of Mineral Resources on Friday. North Dakota currently has 27 active rigs, down from 28 in November, while seven hydraulic fracturing crews are operating in the state, down from 10 last …

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US Drillers Cut Oil and Gas Rigs for Second Week in a Row, Says Baker Hughes

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(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since August, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, …

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Sanctioned Tanker Hyperion to Test Trump’s Blockade of Venezuela

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By Lucia Kassai The tanker Hyperion, sanctioned by the US for having shipped Russian oil, will likely be the first ship to test President Donald Trump’s naval blockade of Venezuela. The vessel recently arrived in Amuay, home to Venezuela’s largest refining complex, according to vessel movements tracked by Bloomberg. It loaded supplies in Murmansk, Russia, …

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Shock Departure Leaves Woodside Without Its Key Gas Champion

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By Keira Wright, Ruth Liao, and Stephen Stapczynski Meg O’Neill | Photographer: Nicky Loh/Bloomberg The surprise exit of Woodside Energy Group Ltd. Chief Executive Officer Meg O’Neill leaves her successor with a dilemma: should the Australian company continue down the path she set of promoting massive liquefied natural gas projects when forecasts point to a …

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COMMENTARY: Surging Barrels at Sea Spook Oil Markets More Than Russia or Venezuela

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By Ron Bousso LONDON, Dec 19 (Reuters) – Oil prices slumped below $60 a barrel this week as investors try to make sense of U.S. President Donald Trump’s push to end the war in Ukraine and force out Venezuelan President Nicolas Maduro. Yet the real driver of prices in the months ahead is likely to …

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Oil Prices Little Changed as Market Waits for News on Possible Russia-Ukraine Peace

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By Scott Disavino Brent and WTI down about 2% this week EU loans Ukraine 90 billion euros for defense Central banks signal possible change in stance on interest rates NEW YORK, Dec 19 (Reuters) – Oil prices were little changed on Friday as the market waits for news about a possible Russia-Ukraine peace deal and …

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Trump Says He is Not Ruling Out War with Venezuela, NBC News Reports

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U.S. President Donald Trump said he was leaving the possibility of war with Venezuela on the table, according to an interview with NBC News published on Friday. “I don’t rule it out, no,” he told NBC News in a phone interview. Trump also said there would be additional seizures of oil tankers near Venezuelan waters, …

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US Energy Department Signs AI Collaboration Deals with Big Tech for Genesis Mission

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(Reuters) – The U.S. Department of Energy said on Thursday it has signed agreements with 24 organizations, including tech giants such as Microsoft, Google and Nvidia, to advance the Genesis Mission. The mission is a national program aimed at using artificial intelligence to accelerate scientific research and strengthen U.S. energy and security capabilities. The department said …

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US Senator Presses Tanker Giants Over Cartel-Linked Fuel Smuggling at Sea

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(Reuters) – U.S. Senator Ron Wyden has contacted seven maritime shipping companies as part of an inquiry into cartel-linked fuel smuggling between the United States and Mexico, asking the firms to explain their vetting procedures for ensuring their tankers aren’t used to transport illicit hydrocarbons, according to copies of the letters seen by Reuters. The …

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