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Venezuela Faces Big Oil Discounts, Pressure for Contract Changes After Tanker Seizure

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

(Reuters) – Venezuela’s state-run company PDVSA is dealing with stuck oil cargoes, rising price discounts and demands from customers to change terms of spot contracts following the U.S. seizure of a ship carrying the OPEC country’s crude, traders and sources said. As Washington’s pressure on President Nicolas Maduro grows, the U.S. Coast Guard last week …

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Ford to Take $19.5 Billion in Charges Tied to Sweeping EV Unwind

Electric Vehicles, Energy Topics & Technology, Latest, US News / By

Automaker is cancelling a planned electric F-Series truck and shifting production toward gas and hybrid vehicles By Keith Naughton and Gabrielle Coppola Ford Motor Co. will take $19.5 billion in charges tied to a sweeping overhaul of its electric vehicle business after struggling for years to make it profitable. The majority of the charges will …

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COMMENTARY: Global Coal Exports Post Rare Decline in 2025 on China Cuts

Coal, Conventional Energy, Latest, US News / By

By Gavin Maguire LITTLETON, Colorado, Dec 16 (Reuters) – Global shipments of thermal coal – burned in power stations – have posted their first annual decline since 2020 on the back of lower coal-fired power generation in key Asian markets. Total seaborne exports of so-called steam coal are set to come in at about 945 …

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China Accelerates Crude Stockpiling Amid Weaker Oil Price Trend

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

By Clyde Russell LAUNCESTON, Australia, Dec 16 (Reuters) – China’s flows of crude oil into storage probably jumped in November to the highest in six months, as a surge in imports overwhelmed steady refinery processing rates. China’s surplus of crude was about 1.88 million barrels per day (bpd) in November, almost three times the 690,000 …

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Shell Greenlights US Gulf Waterflood Project to Boost Oil Recovery

Conventional Energy, Latest, Oil, US News / By

LONDON, Dec 16 (Reuters) – Oil major Shell (SHEL.L) has taken a final investment decision on a waterflood project at its Kaikias field in the U.S. Gulf of Mexico, aiming to boost oil recovery and extend the life of its Ursa platform. The project is expected to add 60 million barrels of oil equivalent to …

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TotalEnergies Wins 21-Year Deal to Power Google Data Centres in Malaysia

Artificial Inteligence, CDN and International News, Energy Topics & Technology, Latest, Renewable Energy, Solar / By

Dec 16 (Reuters) – France’s TotalEnergies (TTEF.PA) said on Tuesday it had signed a 21-year power supply deal with Alphabet’s Google (GOOGL.O), pledging to supply 1 terawatt hour of renewable energy to support its data centres in Malaysia. The French energy major said the power would be generated by the new Citra Energies solar plant …

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Why is the Trump Administration Putting Pressure on Venezuela?

Conventional Energy, Latest, Oil, US News / By

Secretary of State Marco Rubio and Secretary of Defense Pete Hegseth will hold closed, classified briefings for all U.S. senators and representatives on Tuesday about the Trump administration’s strategy toward Venezuela. President Donald Trump’s objectives remain unclear to many lawmakers, even after 3-1/2 months, more than 20 deadly U.S. strikes on boats off the South …

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US Investor Group Kimmeridge Offers $6 Billion for Gas Driller Ascent Resources, FT Reports

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

 Activist investment firm Kimmeridge Energy Management has submitted a $6 billion offer to buy Ascent Resources, the Financial Times reported on Tuesday. The bid is the latest challenge to Ascent’s private equity backer Energy & Minerals Group’s (EMG) efforts to sell a more than 30% stake in the company from one of its funds to …

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Ovintiv Enters Into Agreement for Cedar LNG Capacity

Latest, Press Releases / By

DENVER, Dec. 15, 2025 /PRNewswire/ – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (“Ovintiv” or the “Company”) and a subsidiary of Pembina Pipeline Corporation (“Pembina”) (TSX: PPL; NYSE: PBA) today announced the signing of a 12-year agreement (the “Agreement”) for 0.5 million tonnes per annum (“mtpa”) of Pembina’s liquefaction capacity at the Cedar LNG facility (“Cedar LNG”). The Agreement enables the …

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US Declares Energy Emergency as Cold Snap Hits Northeast

Conventional Energy, Latest, LNG, Natural Gas, Oil, US News / By

By Nathan Risser and Christopher Charleston A woman stands in a street as the snow falls in the Manhattan borough of New York on Dec. 14. Photographer: Charly Triballeau/AFP/Getty Images Four northeastern US states are under emergency transport orders after an outage at one of the largest underground heating fuel storage facilities in the region …

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