By Curtis Williams HOUSTON, Nov 12 (Reuters) – Venture Global (VG.N) has asked the US Department of Energy for authorization to re-export liquefied natural gas from its CP2 LNG project in Louisiana as the company moves closer to bringing the first phase of the facility online, according to a notice from the DOE on Thursday. …
Venture Global Asks DOE for Approval to Re-Export LNG From CP2 Project Read More »
By Amanda Stephenson Premier says Ottawa has the power to lift moratorium before current review expires in 2028 Federal estimates put Nunavut’s gas resources at more than 180 trillion cubic feet Premier says drilling proposals would still face regulatory, environmental and Indigenous consultations CALGARY, Nov 12 (Reuters) – The government of Nunavut, one of Canada’s …
Nunavut Wants Canada to Lift Arctic Drilling Moratorium, Premier Says Read More »
By Simon Lewis KPMG report says nearly 99% of total deposited to US-held account was disbursed Most funds go to Venezuelan foreign exchange auctions, report says Secretary of State Marco Rubio determines what funds can be released WASHINGTON, Nov 12 (Reuters) – The United States handled more than $12 billion of Venezuela’s oil revenues in …
US Handled $12 Billion of Venezuela’s Oil Revenues, Report Says Read More »
(Reuters) – Alaska crude oil production is forecast to increase 13% in 2027, as new output from the jointly owned Pikka Phase 1 project of Santos and Repsol and from the ConocoPhillips Nuna project boosts supply from the state’s North Slope, the US Energy Information Administration (EIA) said on Thursday. EIA forecasts Alaska crude oil …
Alaska Crude Oil Production to Rise 13% in 2027, EIA Says Read More »
(Reuters) – U.S. crude stocks, gasoline and distillate inventories rose last week, the Energy Information Administration said on Thursday. Crude inventories rose by 4.7 million barrels to 414.4 million barrels in the week ended November 6, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.1 million-barrel draw. Crude stocks at …
US Crude Stocks, Gasoline and Distillate Inventories Rise – EIA Read More »
(Reuters) – SpaceX said on Thursday it plans to invest more than $74 billion in two supercomputing campuses, one at its Starbase site in Texas and another in Cochise County, Arizona. The company expects to spend $24 billion on the Starbase site and roughly $50 billionon the Arizona campus, the company said in a statement. …
SpaceX to Invest Over $74 Billion in Supercomputer Facilities in Texas, Arizona Read More »
(Reuters) – Europe’s climate ambitions are colliding with harsher economic and political realities as delegates at the COP31 climate summit push to accelerate global electrification, testing governments’ resolve and voters’ appetite for the energy transition. Turkey, host of this year’s climate talks, is urging governments to back a flagship pledge to increase electricity’s share of …
COP31 Electric Push Tests Europe’s Political Realities: Bousso Read More »
(Reuters) – Much of the commentary around the Iran war focuses on how the miscalculations of the administration of President Donald Trump have left the US with no good options for resolving the 8-month-old conflict. But Iran also finds itself in a similar position, with Tehran’s early strategic success giving way to a failure to …
A preliminary agreement between ExxonMobil, the Venezuelan government and state oil company PDVSA allows the US oil producer to evaluate seven areas for development that include undeveloped fields, mature areas and an exploration block, four people close to the matter said. The sources provided details about a memorandum of understanding that Exxon and PDVSA signed …
Exxon Assessing 7 Areas in Venezuela For Possible Energy Projects, Sources Say Read More »
EnergyNow Morning Oil Price Report Report Date & Time: November 12, 2026 – 4:34 a.m. MST – Using Trading View Prices See Up-To-Date Prices Here Summary WTI crude is down at US$86.16 per barrel, falling US$0.37, or 0.43%, from Wednesday’s official settlement of US$86.53. Prices have recovered from steeper overnight losses but remain under pressure. …
