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COMMENTARY: IEA’s Bullish Oil Outlook is a Nod to Trump, Wake-Up Call for World: Bousso

Latest, Oil, US News / By

The International Energy Agency’s latest outlook signals that oil demand may continue rising into 2050, a sharp shift from its previous reports and a stark reminder of how dominant black gold remains in the global economy. The IEA’s annual World Energy Outlook, published on Wednesday, maps out different trajectories for energy demand through 2050. This …

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TotalEnergies Agrees Renewable Power deal with Google for Ohio Data centres

Artificial Inteligence, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Oil, US News / By

By Reuters Nov 12 (Reuters) – Oil major TotalEnergies  has agreed a 15-year power purchase deal to supply Alphabet’s Google  with 1.5 terawatt hours of renewable electricity from its Montpelier solar farm in Ohio, the French company said on Wednesday. The solar facility, which is nearing completion, is connected to the PJM grid, the largest in the United …

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World Oil and Gas Demand Could Grow Until 2050, IEA Says

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

Summary IEA’s current policies scenario shows no oil demand peak before 2050 LNG supply to grow 50% by 2030 US has criticized the IEA for clean energy focus IEA says target to limit temperature rise at 1.5C out of reach (Reuters) – Global oil and gas demand could grow until 2050, the International Energy Agency …

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Chevron Targets 10% Annual Cash Flow Growth Through 2030, Higher Cost Cutting

Latest, US News / By

Summary Chevron 2030 plan underscores efficiency drive Oil and gas production to grow 2%-3% annually Chevron to reduce capex, increase cost-reduction target HOUSTON, Nov 12 (Reuters) – Chevron  said on Wednesday that it plans to grow free cash flow by more than 10% annually through 2030 and increase oil and gas production, while further reducing …

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Oil Prices Fall as Oversupply Concerns Overshadow US Government Reopening

EnergyNow News and Press Releases, Latest / By

(Reuters) – Oil prices fell 1% on Wednesday, weighed down by oversupply in the market despite expectations that an end to the longest-ever U.S. government shutdown could boost oil demand. Brent crude futures slipped 66 cents, or 1%, to $64.50 a barrel by 1232 GMT after gaining 1.7% on Tuesday. U.S. West Texas Intermediate crude was down …

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Occidental Petroleum Forecasts Flat Production, Lower Spending in 2026

Conventional Energy, Latest, Oil, Shale, US News / By

Oil and gas producer Occidental Petroleum said on Tuesday it expects flat production growth in 2026 and spending to fall below current-year levels, as crude prices slide. U.S. shale producers are weathering a global oil slump, with prices hovering in the low $60-per-barrel range, pressured by OPEC+ output hikes and slowing global demand. Benchmark Brent …

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Venture Global and Mitsui Announce 20-Year LNG Sales and Purchase Agreement

Latest, LNG, US News / By

bal’s third long-term contract with a Japanese company 6.75 MTPA of long-term contracts signed by Venture Global to date in 2025 ARLINGTON, Va.–(BUSINESS WIRE)–Today, Venture Global, Inc. (NYSE: VG) and Mitsui & Co., Ltd. of Japan announced the execution of a new, long-term liquefied natural gas (LNG) Sales and Purchase Agreement (SPA). Under the SPA, …

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US Natgas Futures Extend Rally to Eight-Month High on Bets of Fresh December Cold, Firm Power Demand

Conventional Energy, Latest, Natural Gas, Tri-Pinned, US News / By

U.S. natural gas futures rose 5% on Tuesday, extending gains to an eight-month high, as traders bet on another round of cold weather in December and firmer power demand, even as temperatures are expected to moderate next week. Front-month gas futures for December delivery on the New York Mercantile Exchange was up 21.7 cents, or …

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Shell Challenges Venture Global Arbitration Decision in New York Supreme Court

Conventional Energy, Latest, LNG, US News / By

Shell has challenged its defeat in an arbitration case against U.S. liquefied natural gas producer Venture Global in the New York Supreme Court, according to a legal filing seen by Reuters, weeks after rival BP won a similar $1 billion-plus arbitration. The arbitration case was over Venture Global’s failure to deliver liquefied natural gas under …

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Baker Hughes to Supply Alaska LNG Project With Key Equipment

Conventional Energy, Latest, LNG, US News / By

(Reuters) – Oilfield services provider Baker Hughes will supply key equipment for the proposed Alaska LNG project that aims to build a pipeline and terminal to send natural gas from the North Slope of Alaska for export to Asia and other markets, the project’s top developer said on Monday. PROJECT DETAILS Baker Hughes will supply …

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