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Summary Norway’s petroleum output seen broadly steady in 2026 Output seen gradually declining towards 2030 Oil investments seen down nearly 7% in 2026 vs 2025 Lower demand to hit supplier industry (Reuters) – Norway’s offshore oil and gas output will remain broadly steady in 2026, but investments are seen falling by 6.6%, signalling a …
Norway’s Oil and Gas Output Will Fall Towards 2030, Regulator Says Read More »
(Reuters) – The discount on Western Canada Select to North American benchmark West Texas Intermediate futures grew on Wednesday to its widest point in 18 months as investors digested U.S. President Donald Trump’s deal to import up to $2 billion worth of Venezuelan crude. WCS for February delivery in Hardisty, Alberta, settled at $14.45 a …
Canadian Crude at 18-Month Low Versus WTI as Venezuelan Turmoil Rattles Market Read More »
Chevron and private equity group Quantum Energy Partners are teaming up on a bid to buy the international assets of Russian oil major Lukoil, which are valued at $22 billion, the Financial Times reported on Wednesday. Chevron, Quantum, Lukoil and the White House did not immediately respond to requests for comment. Reuters reported in November …
LONDON, Jan 6 (Reuters) – Shell (SHEL.L) has agreed to buy stakes in two undeveloped offshore blocks in ultra-deep waters offshore Angola from Chevron (CVX.N), the European energy major said on Tuesday. European oil majors have said they will spend billions in Angola, Sub-Saharan Africa’s second-largest crude oil producer after Nigeria. The country has undertaken …
Shell Buys Stakes in Angolan Offshore Blocks From Chevron Read More »
By Arathy Somasekhar and Georgina Mccartney US Gulf Coast refiners set to benefit if Venezuelan sanctions end Canadian crude will lose pricing power if Venezuelan oil flows freely Chinese independent refineries will seek alternatives if Venezuelan crude is redirected HOUSTON, Jan 6 (Reuters) – A full-scale resumption of Venezuelan oil exports would benefit refiners in …
Venezuelan Oil Would Boost US Refiners, Hurt Canadian Producers Read More »
Venezuela’s main oil ports on Tuesday entered their fifth day without delivering crude for state-run PDVSA’s customers in Asia, which are the OPEC country’s main buyers, shipping data showed, as the U.S. presses the nation through an oil embargo. Chevron, which is PDVSA’s main joint-venture partner, on Monday resumed exports of Venezuelan oil to the …
(Reuters) – China is a major customer of and investor in Venezuela’s oil sector, which President Donald Trump aims to revive following the U.S. military’s ouster of President Nicolas Maduro on Saturday. Years of mismanagement, underinvestment and, more recently, U.S. sanctions have slashed Venezuelan crude production to about 1.1 million barrels per day (bpd) last …
(Reuters) – Venezuelan leader Nicolas Maduro’s capture by the United States has deprived Vladimir Putin of an ally and could increase U.S. “oil clout”, but Moscow is eying potential gains from President Donald Trump’s division of the world into spheres of influence. Special Forces seized Maduro only eight months after the Russian president agreed a …
Russia Loses Ally in Venezuela But Hopes to Gain From Trump’s ‘Wild West’ Realpolitik Read More »
(Reuters) – Here are key facts about international oil companies in Venezuela, a country with the world’s largest oil reserves thrown into crisis by the capture of President Nicolas Maduro by U.S. forces. In the 2000s, former President Hugo Chávez expropriated assets from several foreign oil companies, strengthening state-owned PDVSA’s control over the country’s oilfields. …
What’s The Status of International Oil Companies in Venezuela After Maduro’s Capture? Read More »
(Reuters) – Delcy Rodriguez, declared the interim president of Venezuela after Nicolas Maduro’s capture by U.S. forces, is one of the iron fists in Venezuelan politics, a practitioner of economic orthodoxy who has strived to build relationships with the private sector and who is known for her taste for luxury. Over more than a decade …
Who is ‘Tsarina’ Delcy Rodriguez, the Acting President of Venezuela? Read More »
