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Ukraine’s Zelenskiy Orders Faster Imports of electricity, Power Equipment

CDN and International News, Electricity Grid, Energy Topics & Technology, Latest / By

(Reuters) – President Volodymyr Zelenskiy said on Saturday that he had ordered imports of electricity and additional power equipment to be accelerated as much as possible as Ukraine confronts its worst wartime energy crisis. The government has declared an energy emergency as the system, damaged by relentless Russian strikes, is meeting only 60% of electricity …

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Venezuelan Banks Sill get $300 million of Oil Money to Sell on Exchange Market

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

  Four Venezuelan banks were notified this week by the country’s government that they will split $300 million of oil revenues deposited in an account in Qatar, enabling them to sell dollars to Venezuelan companies that need foreign exchange to pay for materials, two financial sources and an analyst said. The injection of foreign capital …

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Venezuela’s Rodriguez Proposes Oil Reform to Facilitate Investment

CDN and International News, Latest, Oil / By

Venezuela’s interim President Delcy Rodriguez said on Thursday that she was submitting a proposal to reform the country’s hydrocarbon law, as investors in the U.S. push for easier access to the South American country’s oil industry. Rodriguez said the reforms would “allow these investment flows to be incorporated into new fields, fields where no investment …

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Russia’s Oil and Gas Budget Revenue Falls 24% to Lowest Since 2020

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

(Reuters) – Russia’s federal budget revenues from oil and gas dropped by 24% in 2025 to the lowest level since 2020, according to Finance Ministry data, as oil prices fell while the rouble appreciated. Oil and gas revenue is the leading source of cash for the Kremlin, making up a quarter of federal budget proceeds …

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UAE’s ADNOC Weighs Venezuela Gas Investment, Bloomberg News Reports

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

(Reuters) – Abu Dhabi state oil firm ADNOC is weighing entering Venezuela’s energy industry and could seek a partnership with another international producer to participate in the nation’s gas projects, Bloomberg News reported on Thursday, citing people familiar with the matter. Reuters could not immediately verify the report. XRG, ADNOC’s international investments arm set up …

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Abu Dhabi’s Adnoc Is Said to Evaluate Investing in Venezuela Gas

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

By Anthony Di Paola The United Arab Emirates’s state oil giant is evaluating options for a potential entry into Venezuela’s energy industry as the Middle Eastern country seeks to build out its international natural gas business, according to people with knowledge of the situation. Abu Dhabi National Oil Co. is watching developments in Venezuela, with …

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Rare Brand-New Oil Sands Project Starts Operating in Alberta

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

Blackrod SAGD goes full-scale after 15 years of pilot testing By Deborah Jaremko Follow CEC on LinkedIn  CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The Blackrod SAGD project. Photo courtesy International Petroleum Corporation For the first time in nearly eight years, a brand-new oil sands project is operating in Alberta. It’s …

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BP Flags up to $5 Billion in Energy Transition Impairments, Weak Oil Trading

CDN and International News, Latest, Oil / By

BP expects to book $4 billion to $5 billion in impairments in the fourth quarter, mainly related to its energy transition businesses, it said on Wednesday, while flagging weak oil trading. The company is rerouting spending from lower-carbon businesses to oil and gas in a bid to improve profitability under the new leadership of Chair …

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Venezuelan Oil Exports to China Set to Drop as US Blockade Limits cargoes 

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

Summary Only 3 shipments passed US blockade since mid-December Venezuelan oil in transit to Asia near 43 million barrels – Kpler Venezuelan oil discharges into China hit record in November – Vortexa China made up 75% of Venezuelan oil export in 2025 – PDVSA (Reuters) – China’s oil imports from Venezuela are expected to slump …

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WTI Oil Discount to Brent Largest in Eight Months as More Venezuelan Crude Expected in US

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

(Reuters) – The discount on U.S. crude futures to the global benchmark Brent has grown by around $1 per barrel since the U.S. ousted Venezuelan President Nicolas Maduro on January 3 and took control of the South American country’s oil flows, redirecting millions of those barrels to U.S. ports in a move likely to boost …

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