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Trump’s Push for New Offshore Drilling Off California Faces Growing Opposition

Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil, Pinned Primary / By

by EnergyNow Editorial Staff The Trump administration has launched a major effort to expand offshore oil and gas development along the California coast, reopening a debate that has largely been dormant for decades. In January, the U.S. Department of the Interior began the process of considering new offshore lease sales in federal waters off Central …

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LNG Tanker Heads Toward Hormuz as Deal Raises Hopes of Reopening

CDN and International News, Latest, LNG, Natural Gas / By

A liquefied natural gas tanker that has been trapped in the Persian Gulf for over three months appears to be heading toward the Strait of Hormuz, just as the US and Iran say they have reached a deal to reopen the waterway. Disha, which is under a long-term charter with an Indian state-owned importer, is north of …

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Shell Plans US$1 Billion Wind Farms Sale in Latest Renewables Exit

CDN and International News, Latest, Renewable Energy, Wind / By

Shell once had grand ambitions to be the world’s biggest electricity producer through renewable energy sources Bloomberg News The plan to sell the offshore farms marks a further departure from the British energy giant Shell’s past strategy to diversify into green electricity, as they pivot back to fossil fuels. Shell PLC is preparing to launch a …

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Oil Slips Over 4% After US, Iran Reach Peace Deal to Reopen Strait of Hormuz – Deal to be Signed Next Friday

Conventional Energy, Latest, Oil, Pinned Primary, US News / By

SINGAPORE, June 15 (Reuters) – Oil prices ​slipped in early trading on Monday ‌after U.S. President Donald ​Trump and ​Iran’s deputy foreign minister ⁠said ​they have reached ​a deal to halt the war ​and ​to resume traffic through ‌the ⁠Strait of Hormuz. Brent crude futures fell $3.51, ​or ​4.02%, ⁠to $83.82 by 2203 ​GMT and …

Oil Slips Over 4% After US, Iran Reach Peace Deal to Reopen Strait of Hormuz – Deal to be Signed Next Friday Read More »

Iran Says Draft US Deal Includes Oil Sanctions Waiver, Nuclear Limits and Asset Release

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

Reuters A senior Iranian official told Reuters a final draft of the memorandum of understanding with the U.S. covered a range of issues, from Tehran’s nuclear work to reopening the Strait of Hormuz and U.S. waivers on oil sanctions, with a final deal to be discussed in the 60 days following agreement by the two …

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Oil Falls to Lowest Since March on Expected Peace Deal

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

Summary Brent hits lowest level since early March, WTI at lowest since April Analysts say upside risks remain, seasonal demand could lift prices OPEC lowers 2026 oil demand growth forecast to 970,000 barrels per day, raises 2027 forecast HOUSTON, June 12 (Reuters) – Brent crude prices fell to their lowest levels since early March as …

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US LNG Exporters Find Few Takers in Europe for New Supply

Conventional Energy, Latest, LNG, US News / By

By Priscila Azevedo Rocha and Ruth Liao US liquefied natural gas developers expected Europe to become the cornerstone market for the next generation of export projects. Instead, the region is increasingly shying away from the long-term contracts needed to get them built. US executives are coming back empty-handed this year from the industry meetings and …

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Britain Says Full Import Ban on Russian Diesel, Jet Fuel Will Happen by 2027

CDN and International News, Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Oil / By

LONDON, June 12 (Reuters) – Britain on Friday said that a full ban on ​diesel and jet fuel made ‌in Russia would happen by 2027 as it set out its timeline ​to end a temporary licence ​for Russian oil products. Britain last ⁠month said it would continue to ​allow imports of diesel and ​jet fuel …

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Shell Pauses $3 Billion Share Buyback Ahead of ARC Acquisition Vote

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

By Stephanie Kelly Buyback pause linked to pending ARC Resources acquisition and shareholder vote Unpurchased shares will be rolled into 2026 buybacks, pending board approval ARC deal is Shell’s largest since ​2016 LONDON, June 12 (Reuters) – Shell (SHEL.L) said ‌on Friday it was pausing its $3 billion share buyback programme through July 14, citing …

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US Refiners Can Still Absorb More Venezuelan Crude, Energy Secretary Wright Says

Conventional Energy, Latest, Oil, US News / By

(Reuters) – U.S. refiners can still absorb more Venezuelan crude, Energy Secretary Chris Wright said Friday at an event at Port Houston. Venezuela is sending about half of its total exports of 1.2 million barrels a day to the U.S., Wright said, adding that that percentage could increase in the coming months. Iran is not …

US Refiners Can Still Absorb More Venezuelan Crude, Energy Secretary Wright Says Read More »

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