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A new crude pipeline is crucial to Carney’s ambitions of making Canada an energy superpower By Brian Platt Alberta is looking at three options for a new oil pipeline to ship 1 million barrels a day through northern British Columbia, according to people familiar with the matter, as Canadian officials make plans to sharply increase …
Alberta Examines Three Northern B.C. Routes for Oil Pipeline Read More »
(Reuters) – Russia is maintaining the flow of its oil to world markets and thereby helping to limit the impact of the crisis triggered by the Iran war, but it has no specific initiative to propose within OPEC+, the Kremlin said on Thursday. “At the moment, we are making our contribution to stabilizing prices and …
Russia Says it’s Maintaining Oil Supplies But Has No New OPEC+ Initiatives Read More »
(Reuters) – Iran seized two ships in the Strait of Hormuz as it tightened its grip on the strategic waterway after U.S. President Donald Trump announced he was indefinitely calling off attacks, with no sign of peace talks restarting. The status of a two-week-old ceasefire, due to have expired earlier this week, remained unclear. In …
Iran Tightens Control of Hormuz After US Calls Off Renewed Attacks Read More »
(Reuters) – Asia’s imports of liquefied natural gas (LNG) are poised to drop to the lowest in nearly six years in April as the effective closure of the Strait of Hormuz cuts off cargoes from major supplier Qatar. Despite the loss of volumes it could be argued that Asia’s LNG markets are being more successful …
China’s LNG Imports Plunge, Helping Asia Adjust to Iran War Losses: Russell Read More »
About 10.7 million barrels of Iranian crude exports crossed through the Strait of Hormuz and exited the area blockaded by the U.S. Navy between April 13 and 21, data analytics firm Vortexa said. * The shipments transited on six crude carriers that had their AIS data switched off. * A U.S. blockade of Iranian ports …
Iran Continues Crude Exports Despite US Blockade, Vortexa Says Read More »
(Reuters) – U.S. energy company Chevron said on Thursday that production had fully resumed at its Wheatstone liquefied natural gas plant in Western Australia following repairs for damage caused by a cyclone last month. Tropical Cyclone Narelle struck the 8.9 million-ton-a-year facility in late March, leaving both LNG processing trains offline. “Extreme winds associated with the cyclone …
Chevron Resumes Full Production at Wheatstone LNG After Repairs for Cyclone Damage Read More »
By John Ainger Turkey will use its role as host of this year’s COP31 climate summit to boost clean energy adoption, according to the event’s incoming president, with the Iran war showing how important it is to diversify away from fossil fuels. Murat Kurum, Turkey’s environment minister who will oversee the talks, said in an …
Turkey Says COP31 Climate Summit to Focus on Clean Energy Shift Read More »
(Reuters) – U.S. oilfield services firm Weatherford International said on Wednesday that oilfield activity in Mexico has normalized and it was starting to get paid after a new financial mechanism helped raise funds for state-run energy company Pemex to pay its suppliers after long delays. Oilfield service companies had significantly reduced activities amid Pemex’s accumulation …
Weatherford Says Oilfield Activity in Mexico Has Normalized, Company Getting Paid Read More »
(Reuters) – Safe and sustainable passage through the Strait of Hormuz is what top shipping companies require before the world’s sees much oil or cargo leave or enter the Gulf, two top sector executives said on Wednesday. “Two weeks ago when the ceasefire, said to be temporary, came into picture, we thought there was hope. …
Waiting for ‘Safe and Sustainable’ Strait Crossings, Top Shipping Execs Say Read More »
Japan Petroleum Exploration said on Wednesday it plans to quadruple its oil and gas output over the next decade, investing 1.16 trillion yen ($7.3 billion) in exploration and production, mainly in the United States. The company, which recently acquired Verdad Resources Intermediate Holdings for $1.3 billion in its largest-ever deal, will allocate more than half …
Japex Aims to Quadruple Oil and Gas Output in 10 years, Eyes US Expansion Read More »
