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US Issues Fresh Guidance to Vessels Transiting Strait of Hormuz as Iran Tensions Simmer

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

(Reuters) – The United States issued fresh guidance on Monday to commercial vessels transiting the Strait of Hormuz, a key shipping lane for Middle East oil supplies, as tensions simmered between Washington and Tehran over Iran’s nuclear program. Iran has in the past threatened to close down the Strait of Hormuz, a portion of which …

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Venezuela Boosts Oil Output in Orinoco Belt, Country’s Production Approaches 1 Million bpd, Sources Say

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

(Reuters) – Venezuela’s state oil company PDVSA has reversed most of the output cuts it had ordered at its own oilfields and joint ventures in the country’s main crude region, the Orinoco Belt, which has boosted the nation’s total production close to 1 million barrels per day (bpd), sources close to operations said. The Orinoco …

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Kremlin Says Fuel Situation in Cuba is Critical, Accuses US of ‘Suffocating’ the Island

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

MOSCOW, Feb 9 (Reuters) – The Kremlin said on Monday that the fuel situation in Cuba, which has unveiled a plan to protect essential services and ration fuel, was critical and that U.S. attempts to “suffocate” the island’s economy were causing many difficulties. Cuba detailed its plans to navigate the deepening crisis on Friday as …

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Shell Wants to Export Venezuelan Gas Through Trinidad, CEO Says

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

(Reuters) – Shell hopes to produce gas from Venezuela’s Dragon field in three years and have it processed in Trinidad and Tobago for export, CEO Wael Sawan told Bloomberg TV in an interview on Thursday. Shell and Trinidad have been trying to increase the supply of natural gas to Trinidad’s Atlantic LNG export facility and …

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Shell Weighing Venezuela Offshore Investments Worth Billions of Dollars, CEO Tells CNBC

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

(Reuters) – Shell is weighing investments in certain offshore natural gas opportunities in Venezuela involving investments worth a few billion dollars with production expected in the next couple of years, CEO Wael Sawan said in an interview with CNBC on Thursday. “These are opportunities that could potentially be activated within months,” he told CNBC, adding …

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Japan-Qatar Gas Tie-Up Highlights Global Push for Energy Security: Bousso

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

By Ron Bousso Qatar’s long-term deal to supply Japan’s power giant JERA with liquefied natural gas highlights two key themes in the red-hot market for this super-chilled fuel: the race to gain market share and the global push for energy security. Qatar’s national oil and gas company QatarEnergy on Tuesday signed a deal to supply …

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Venezuela Oil Won’t Top Others in Region for Years, Rystad Says

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

By Ella Feldman Argentina, Guyana and Brazil remain poised to drive oil production growth in South America for years to come despite the US push for investment in Venezuela, Rystad Energy says. The consulting firm estimates flagship projects in the three countries will add more than 700,000 barrels per day in oil production this year, …

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Trafigura CEO Says LNG Projects Need New Financing Playbook

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

By Priscila Azevedo Rocha Richard Holtum Photographer: Aaron M. Sprecher/Bloomberg Trafigura Group Chief Executive Officer Richard Holtum said the liquefied natural gas industry needs a “bit of innovation” when it comes to financing projects. “I feel sorry for LNG projects in the US,” Holtum said on a panel at the LNG 2026 conference in Doha. …

Trafigura CEO Says LNG Projects Need New Financing Playbook Read More »

Alberta Premier Sees Several Options For New Oil Pipeline to Feed Asia

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

Smith’s criteria suggest Prince Rupert may be the top option, as the city is already home to Canada’s third-largest port By Thomas Seal Danielle Smith said last week she and B.C. Premier Eby share “so much common ground” on resource development, including the possibility of expanding Trans Mountain again. Photo by Blair Gable/Postmedia files Alberta …

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Norway’s Socialist Party Backs Down From Threat to LNG Electricity Project

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

(Reuters) – Norway’s Socialist Party has withdrawn its support for a proposal to block Equinor’s Hammerfest liquefied natural gas plant from receiving a planned onshore power connection, clearing the way for the grid development to proceed. Parliament is due on Thursday to vote on an opposition proposal seeking to revoke the LNG plant’s planned link …

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