U.S. President Donald Trump said on Thursday that China has agreed to begin the process of purchasing U.S. energy. “In fact, a very large scale transaction may take place concerning the purchase of Oil and Gas from the Great State of Alaska. Chris Wright, Doug Burgum, and our respective Energy teams will be meeting to …
Trump Says China to Begin Process of Purchasing ‘American energy’ Read More »
Summary Shell maintains $3.5 billion buyback pace, TotalEnergies scales back Shell’s gas and upstream divisions exceed expectations TotalEnergies’ downstream results rise 76% amid EU fuel import ban (Reuters) – Shell and TotalEnergies posted quarterly profit falls of 10% and 2%, respectively, on Thursday, dragged down by lower oil prices, though Shell beat expectations helped by better …
Shell Profit above, TotalEnergies in Line with Expectations Amid Lower Prices Read More »
(Reuters) – Cheniere Energy reported a rise in third-quarter profit on Thursday, on the back of strong demand for liquefied natural gas, sending its shares up 1.8% in premarket trading. Already the world’s top LNG exporter, the United States is set to lift nameplate capacity to 115 million tonnes per annum (MTPA) this year, data …
Cheniere Energy Reports Rise in Third-quarter Profit on Strong LNG Demand Read More »
Shell expects to start up its second liquefied natural gas processing unit at its LNG Canada facility later this quarter, Chief Financial Officer Sinead Gorman said on Thursday. LNG Canada is the first major LNG export facility in Canada, and the first on the west coast of North America that provides direct access to Asia, …
Shell to Start Up Second Unit at LNG Canada Later this Quarter, CFO Says Read More »
A judge in North Dakota on Wednesday slashed by almost half jury-awarded damages of about $667 million against environmental advocacy group Greenpeace over its role in protests against the construction of the Dakota Access Pipeline. State District Judge James Gion said the amount Greenpeace owes pipeline company Energy Transfer should be limited to $345 million, …
US Judge Cuts Standing Rock Verdict Against Greenpeace to $345 Million Read More »
By Keira Wright and Paul-Alain Hunt Australia plans to overhaul national environmental laws to better protect nature, while speeding up approvals for major projects in sectors including natural gas, renewable energy and mining. On Thursday, the center-left Labor government will introduce long-awaited legislation to Parliament to amend the widely criticized Environment Protection and Biodiversity Conservation …
Australia Proposes Environment Law Overhaul to Speed Up Projects Read More »
By John O’Donnell and Christoph Steitz Russia’s Rosneft controls key flow of oil to Germany Rosneft swept up in Trump sanctions on Russia Berlin now mulls sidelining Rosneft BERLIN/FRANKFURT, Oct 29 (Reuters) – U.S. sanctions on Russian oil producer Rosneft (ROSN.MM) have rekindled discussions in Germany about nationalising the company’s business there, including a refinery …
Germany Examines Nationalising Rosneft Arm After Trump Sanctions, Say Sources Read More »
(Reuters) – HOUSTON, Oct 29 – U.S. crude stocks and gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories dropped by 6.86 million barrels to 416 million barrels in the week ended October 24, the EIA said, compared with analysts’ expectations in a Reuters poll for a 211,000-barrel …
US Crude Stocks, Gasoline and Distillate Inventories Fall, EIA Says Read More »
(Reuters) – U.S. weekly oil field production rose by 15,000 barrels per day (bpd) to a record 13.6 million bpd during the week ended October 24, the U.S. Energy Information Administration (EIA) said in its weekly Petroleum Status Report on Wednesday. Gulf Coast weekly crude oil imports fell 477,000 bpd last week to 597,000 bpd, …
US Oil Field Production Rose to Record 13.6 Million bpd Last Week – EIA Read More »
(Reuters) – Kuwait Oil Company (KOC) plans to spend 1.2 billion dinars ($3.92 billion) on its exploration drilling program through 2030, its senior executive told Reuters in an interview. The spending is part of a 9.8-billion-dinar budget – the company’s biggest ever – allocated for drilling and maintenance of up to 6,193 wells by the …
Kuwait Oil Company to Spend $3.9 Billion on Exploration by 2030, Deputy CEO Says Read More »
