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Venezuela’s Rodriguez Proposes Oil Reform to Facilitate Investment

CDN and International News, Latest, Oil / By

Venezuela’s interim President Delcy Rodriguez said on Thursday that she was submitting a proposal to reform the country’s hydrocarbon law, as investors in the U.S. push for easier access to the South American country’s oil industry. Rodriguez said the reforms would “allow these investment flows to be incorporated into new fields, fields where no investment …

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US Energy Chief Says US Getting 30% Higher Price for Venezuelan Oil Than Venezuela Did Weeks Ago

Conventional Energy, Latest, Oil, US News / By

U.S. Energy Secretary Chris Wright said on Thursday the U.S. is getting a 30% higher price for Venezuelan crude oil than Venezuela got before U.S. special forces captured President Nicolas Maduro earlier this month. “We’re getting about a 30% higher realized price when we sell the same barrel of oil than they sold the same …

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US Shale Producers Devon Energy and Coterra Energy in Merger Talks, Sources Say

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Oil, US News / By

Devon Energy and Coterra Energy are exploring a potential merger, in a deal that could create one of the largest independent U.S. shale producers, people familiar with the matter said. A possible combination, which would rank among the largest between U.S. energy producers in recent years, comes as U.S. crude prices remain pressured by a …

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Russia’s Oil and Gas Budget Revenue Falls 24% to Lowest Since 2020

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – Russia’s federal budget revenues from oil and gas dropped by 24% in 2025 to the lowest level since 2020, according to Finance Ministry data, as oil prices fell while the rouble appreciated. Oil and gas revenue is the leading source of cash for the Kremlin, making up a quarter of federal budget proceeds …

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UAE’s ADNOC Weighs Venezuela Gas Investment, Bloomberg News Reports

CDN and International News, Conventional Energy, Latest, Natural Gas / By

(Reuters) – Abu Dhabi state oil firm ADNOC is weighing entering Venezuela’s energy industry and could seek a partnership with another international producer to participate in the nation’s gas projects, Bloomberg News reported on Thursday, citing people familiar with the matter. Reuters could not immediately verify the report. XRG, ADNOC’s international investments arm set up …

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Oil Producers Need Guarantees to Work in Venezuela, Trump Ally Hamm Says

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

By David Wethe, Annmarie Hordern, and Jonathan Ferro Shale billionaire Harold Hamm said oil companies need guarantees that their assets won’t someday be seized by Venezuela if they help revive the nation’s crude production. “There is a lot of geopolitical risk in Venezuela. Exxon had been there twice and been nationalized, ” Hamm said in …

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Cargill Shipping Boss Says Low Oil Makes It Harder to Cut Carbon

Conventional Energy, Latest, Oil, US News / By

By Jack Wittels Weak oil prices are making it harder for the shipping industry to decarbonize, according to the president of commodities giant Cargill Inc.’s freight-trading business. With a chartered fleet of more than 600 ships, Cargill has been at the forefront of the shipping industry’s efforts to cut carbon. Now, it’s hiring five new …

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Abu Dhabi’s Adnoc Is Said to Evaluate Investing in Venezuela Gas

CDN and International News, Conventional Energy, Latest, Natural Gas / By

By Anthony Di Paola The United Arab Emirates’s state oil giant is evaluating options for a potential entry into Venezuela’s energy industry as the Middle Eastern country seeks to build out its international natural gas business, according to people with knowledge of the situation. Abu Dhabi National Oil Co. is watching developments in Venezuela, with …

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COMMENTARY: Oil Traders Wrestle With Geopolitical Trifecta and Elusive Glut

Conventional Energy, Energy Commentary, Energy Topics & Technology, Latest, Oil, US News / By

By Ron Bousso LONDON, Jan 15 (Reuters) – Simultaneous geopolitical flare‑ups in Venezuela, Iran and the Black Sea have pushed oil prices to a three‑month high, creating a treacherous environment for investors even as a large supply glut still looms over the market. Brent crude opened the year at $61 a barrel before slipping below …

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COMMENTARY: Key US Energy, Power Trends at Home and on World Markets

Coal, Conventional Energy, Energy Commentary, Energy Topics & Technology, Latest, Natural Gas, Oil, US News / By

By Gavin Maguire LITTLETON, Colorado, Jan 15 (Reuters) – Despite all the policy whiplash – or perhaps because of it – the U.S. energy system has started 2026 with more buzz and momentum than seen in decades. At home, electricity production is growing far faster than in most western peers, which is allowing utilities to …

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