Sept 16 (Reuters) – U.S. oil producer Continental Resources on Wednesday signed a memorandum of understanding with Venezuela’s state-run Petroleos de Venezuela, S.A. (PDVSA) to develop the Ayacucho 2 block in the Orinoco Belt. Reporting by Sumit Saha in Bengaluru; Editing by Diti Pujara
By David French Unit includes Seneca Resources and pipeline assets, likely valued around $5 billion, sources say Options include full or partial sale, merger or public spinoff, sources say Review follows an unsolicited approach earlier this year, people familiar said Utility focus could offer steadier earnings amid AI-driven power demand growth NEW YORK, Sept 16 …
By Georgina Mccartney and Sheila Dang Heeney gains operational, export rights for Choco mine, in partnership with Mercuria Continental signs MOU with PDVSA for Ayacucho 2 block in Orinoco Belt Continental seeking production-sharing agreement in coming weeks HOUSTON, Sept 16 (Reuters) – Venezuelan authorities signed deals on Wednesday granting New York-headquartered investment firm Heeney Capital …
OKLAHOMA CITY, Sept. 16, 2026 /PRNewswire/ — Continental Resources, Inc. (Continental) today announced the signing of a Memorandum of Understanding (MOU) with PetrÓleos de Venezuela, S.A. (PDVSA) to operate and develop the Ayacucho 2 Block in Venezuela’s Orinoco Oil Belt, one of the world’s most prolific oil-producing regions. The parties intend to advance a long-term …
(Reuters) – Two pumping stations serving the vital East-West Pipeline in Saudi Arabia were damaged in an attack last week, with a repair timeline unclear, according to assessments from three oil and security sources. Saudi Aramco, which operates the 1,200 km (745-mile) pipeline running across the Arabian Peninsula, did not respond to a request for …
(Reuters) – European Commission President Ursula von der Leyen said on Wednesday she wanted to open the door for Canada to become the European Union’s first “associate member”. Earlier this week, Canada’s Prime Minister Mark Carney — who was in Strasbourg to listen to von der Leyen’s annual State of the Union address — said …
EU Chief Wants Canada to Become an ‘Associate Member’. What Does That Mean? Read More »
(Reuters) – U.S. Energy Secretary Chris Wright said 18 million barrels of oil flowed through the Gulf on Tuesday. “We’ve risen the flow of oil out of the Persian Gulf to record highs right now. About 18 million barrels flowed out yesterday, basically pre-conflict levels,” Wright said in an interview Wednesday with Fox News. Reporting …
US Energy Secretary: 18 mln Barrels of Oil Flowed Through Gulf Read More »
(Reuters) – U.S. crude stocks fell amid strong exports while gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday. Crude inventories fell by 640,000 barrels to 423.4 million barrels in the week ended September 11, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.6 million-barrel …
US Crude Stocks Fall on Strong Exports, Fuel Inventories Rise, EIA Says Read More »
(Reuters) – The Houthi capture of ground overlooking the Bab el-Mandeb Strait has dealt Saudi Arabia its gravest setback in Yemen in years, exposing intelligence failures, the collapse of Yemeni allies and the limits of U.S. protection. A Houthi advance this week along the Red Sea coast and the capture of islands at the mouth …
Houthi Blitz Leaves Saudi Arabia Exposed, Iran Emboldened Read More »
(Reuters) – Equinor aims to expand its liquefied natural gas supply portfolio to between 10 million and 15 million metric tons per year (tpy) early in the next decade to meet demand from Europe and Asia, senior executives said on Thursday. The Norwegian producer is expected to announce a second deal to supply LNG to …
Equinor Plans LNG Expansion in early 2030s to Meet European and Asian Demand Read More »
