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Chevron Resumes Full Production at Wheatstone LNG After Repairs for Cyclone Damage

CDN and International News, Latest, LNG / By

(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 …

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Turkey Says COP31 Climate Summit to Focus on Clean Energy Shift

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

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 …

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Weatherford Says Oilfield Activity in Mexico Has Normalized, Company Getting Paid

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

(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 …

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Waiting for ‘Safe and Sustainable’ Strait Crossings, Top Shipping Execs Say

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

(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. …

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Japex Aims to Quadruple Oil and Gas Output in 10 years, Eyes US Expansion

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

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 …

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How the Iran War Oil and Gas Supply Shock Compares with Past Disruptions

CDN and International News, Latest, Oil / By

By Alex Lawler (Reuters) – The U.S.-Israeli war with Iran and the closure of the Strait of Hormuz have caused the biggest oil supply disruption on record by daily output lost, though at least one earlier shock had a greater cumulative impact, according to Reuters calculations based on International Energy Agency and U.S. Department of Energy …

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Iran War Conflict Could Create Systemic Gas Demand Destruction, Says Top Sector Official

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

Reuters The natural gas demand destruction currently resulting from the Iran war as governments implement measures to mitigate the crisis risks becoming structural if the conflict persists, the head of the Gas Exporting Countries Forum said on Wednesday. Since the Middle East crisis began at the end of February, more than 500 million barrels of …

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Mercuria Expects China to Return to Buying Oil Within Weeks After Heavy Sales During Iran Crisis

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

(Reuters) – China will have to return to buying large volumes of oil within three weeks after being a big seller during the peak of the Iran supply crisis, the head of Mercuria, one of the world’s largest energy traders, told the FT Commodities Summit. Marco Dunand said China was selling commercial stocks it had …

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Canadian Oil Sands: A Highly Economic and Growing Resource Approaching a Pipeline Crossroads

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

 WCSB oil production can grow 1 MMbbl/d — but more pipeline capacity will be needed by the early 2030s CALGARY, Alberta (Apr. 21, 2026) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the leading energy data analytics platform, has released its latest report, Oil Sands Play Fundamentals: From Pariah to Priority, which details why the Canadian …

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Saudi Arabia February Crude Exports Up, Output Highest Since 2022, JODI Says

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

(Reuters) – Saudi Arabia’s crude oil exports rose to 7.276 million barrels per day in February, from 6.993 million bpd in January, while crude output hit its highest level since October 2022, Joint Organizations Data Initiative (JODI) data showed on Tuesday. Saudi production in February was about 10.882 million bpd, the JODI data showed, up …

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