By Shadia Nasralla and Stephanie Kelly Shell reserves at lowest since at least 2013, faces output gap Reserve life 8 years, markedly below Exxon Analysts see need for M&A, exploration success LONDON, Feb 9 (Reuters) – Shell needs an acquisition or exploration breakthrough to make up for an expected production shortage of 350,000-800,000 barrels of …
Shell Needs Big Discovery or Deals as Oil, Gas Reserves Dwindle Read More »
Tengiz output has recovered to about 550,000 bpd, sources say Full recovery expected by February 23 Kazakhstan’s overall oil production on the rise January fires at power facilities caused prolonged shutdown Kazakhstan’s oil exports declined due to Tengiz outage MOSCOW, Feb 9 (Reuters) – The giant Chevron-led (CVX.N) Tengiz field in Kazakhstan has recovered to …
Chevron’s Tengiz Oilfield Back to 60% of Usual Output, Two Sources Say Read More »
Feb 9 (Reuters) – French oil major TotalEnergies (TTEF.PA) on Monday signed two long-term deals to supply solar power to Google’s (GOOGL.O) data centres in Texas, as it looks to tap rising electricity demand driven by artificial intelligence. Total will deliver 1 gigawatt of capacity – equivalent to 28 terawatt-hours of renewable power over 15 …
TotalEnergies to Provide Solar Power to Google’s Texas Data Centres Read More »
MOSCOW, Feb 9 (Reuters) – The Kremlin said on Monday that the fuel situation in Cuba, which has unveiled a plan to protect essential services and ration fuel, was critical and that U.S. attempts to “suffocate” the island’s economy were causing many difficulties. Cuba detailed its plans to navigate the deepening crisis on Friday as …
Kremlin Says Fuel Situation in Cuba is Critical, Accuses US of ‘Suffocating’ the Island Read More »
By Sing Yee Ong and Julian Hast US natural gas dropped for a second session on the outlook for warmer temperatures across large parts of the country, likely trimming demand for the heating and power-plant fuel. Futures for March delivery slipped as much as 9.1% to $3.111 per million British thermal units. With much of …
US Natural Gas Futures Extend Decline as Forecasts Shift Warmer Read More »
By Niccolo Conte | Article/Editing: Govind Bhutada | Graphics/Design: Amy Realey Key Takeaways Language-heavy and information-based roles rank as the most exposed to generative AI, according to Microsoft’s recent research. Interpreters, historians, writers, and customer service roles show the highest AI applicability scores. Exposure does not equal replacement, and many roles are more likely to …
Natural gas producer Expand Energy on Monday announced the departure of CEO Domenic Dell’Osso and also said it plans to relocate its corporate headquarters to Houston from Oklahoma City.The company said Chairman Michael Wichterich would take charge as interim chief. Dell’Osso will serve as an external advisor for a period of time. The company added …
Expand Energy Announces CEO Departure, Plans Headquarters Move to Houston Read More »
By Christine Dobby Cross-Border Shopping Anyone who follows the US banking industry can tell you a wave of mergers is likely on the way because regulators under the Trump administration have signaled a friendlier stance on consolidation. There are close to 4,400 banks in the US (yes, Canadians, you read that right) and many of the mid-size …
Canada’s Banks Enter the Conversation as US Regionals Look for Deals Read More »
U.S. oil production fell in November to the lowest since July, while oil demand fell to the lowest since April, data from the Energy Information Administration showed on Friday. Crude oil output fell to 13.78 million bpd in November, down about 82,000 from October’s record high 13.86 million bpd, the EIA data showed. That is …
US Oil Production, Demand Fell to Multi-Month Lows in November, EIA Data Shows Read More »
(Reuters) – President Donald Trump signed an executive order on Friday rescinding a punitive 25% duty on all imports from India over its purchases of Russian oil, the White House said. Trump on Monday announced a trade deal with India that slashed U.S. tariffs on Indian goods to 18% from 50% in exchange for India halting Russian …
Trump Rescinds Punitive Tariff on India Over Purchases of Russian Oil Read More »
