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The 2 Million Barrel Divide: IEA and OPEC at Odds Over Oil Demand

Conventional Energy, Latest, Oil, US News / By

Widening gap between forecasts from IEA, OPEC and EIA clouds oil market outlook By Ryohtaroh Satoh and Malcolm Moore Original: financialpost.com/financial-times/barrel-divide-iea-opec-at-odds-oil-demand The widest gap for more than two decades has opened up between the forecasts of the three main international organisations that track the world’s crude markets, causing confusion about global oil demand. The Paris-based …

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Fossil Fuel Transition Emerges as Key COP30 Fight

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

By John Ainger Luiz Inácio Lula da Silva, during the COP30 Leaders Summit on Nov. 6. Photographer: Dado Galdeiri/Bloomberg The thousands of protesters who brought traffic to a halt Saturday in the Brazilian city of Belém implored leaders to act faster to tackle global warming. As United Nations climate talks enter their critical second week, …

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The Future of the Energy Transition Will be Fractured, Bumpy and Long: Bousso

Conventional Energy, Latest, Natural Gas, Oil, Renewable Energy, Solar, US News, Wind / By

As COP30 kicks off its second week in Brazil, much has changed since the landmark Paris climate agreement was penned 10 years ago. The spirit of cooperation that once reigned has been shattered by economic rivalries and a stark divergence in climate policies among the world’s biggest polluters. The landmark UN COP21 climate agreement signed …

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BUILT FOR THE COLD: Why Nitrogen Systems for your Pneumatics Excels in Winter

Featured Articles, Latest / By

Winter brings unique challenges for oil and gas operators, from safety risks and equipment downtime to harsh conditions that put entire sites at risk. At Kathairos, ensuring reliability and peace of mind during these critical months is a top priority. We sat down with Patrick Dwyer, Project Manager, to discuss how Kathairos’ systems are designed …

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Shell Ordered to Pay Venture Global’s Legal Fees After Arbitration Loss

Conventional Energy, Latest, LNG, US News / By

Venture Global said on Friday that following Shell’s recent loss in arbitration over liquefied natural gas (LNG) supply claims, an International Chamber of Commerce panel has issued an award ordering Shell to pay its legal fees. “Venture Global looks forward to putting these proceeds toward our coastal restoration efforts along the Gulf of America,” a …

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Oil Settles up More Than 2% as Russian Port Suspends Oil Exports After Ukrainian Attack

Conventional Energy, Latest, Oil, Tri-Pinned / By

Summary Brent, WTI settle up more than 2% Both benchmarks rise on the week Russian port of Novorossiisk halt oil exports Investors weigh impact of Western sanctions on Russian oil (Reuters) – Oil prices settled more than 2% higher on Friday as Russia’s port of Novorossiisk halted oil exports following a Ukrainian drone attack that …

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Barclays Says Brent Could Top $85/bbl if Russian Exports Drop Sharply

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

(Reuters) – Brent crude could rise above $85 per barrel if Russian exports fall sharply, Barclays said, well above the bank’s previous forecast of $66 per barrel for 2026. In late October, U.S. President Donald Trump imposed Ukraine-related sanctions on Russia’s largest oil companies, Lukoil and Rosneft, in Washington’s toughest measures against Russian business during …

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Activist Investor Kimmeridge Takes Stake in US Energy Producer Devon

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

(Reuters) – Activist investment firm Kimmeridge Energy Management has taken a stake in U.S. shale producer Devon Energy, according to a stock market filing released on Friday. THE DETAILS Kimmeridge owned 5.66 million shares in Devon as of the end of September, the filing said. That would equate to an approximately 0.9% stake in Devon, …

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Saudi Aramco to Sign US LNG Agreements During Crown Prince’s Visit to Washington, Sources Say

Conventional Energy, Latest, LNG, US News / By

(Reuters) – Saudi Aramco is set to sign two U.S. liquefied natural gas supply deals with Woodside Energy and Commonwealth LNG when Saudi Arabia’s Crown Prince Mohammed bin Salman visits Washington next week, sources familiar with the matter told Reuters. The world’s largest oil exporter, Saudi Aramco, wants to become a major liquefied natural gas …

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