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(Reuters) – The natural rate of decline in output from the world’s oil and gas fields is speeding up, owing to more reliance on shale and deep offshore resources, the International Energy Agency said on Tuesday. That means companies will need to step up the pace of investment just to keep output flat. The report …
By Arathy Somasekhar and Curtis Williams Woodside bullish on LNG demand despite TotalEnergies’ market glut warning Louisiana LNG facility is largest foreign investment in state’s history Exports to target Europe and Asia, starting in 2029 (Reuters) HOUSTON, Sept 15 – Woodside Energy expects global LNG demand to grow 50% over the next decade, CEO Meg …
Woodside Energy Expects Demand for LNG to Grow 50% Over Next Decade Read More »
(Reuters) – Mexico launched on Monday a three-tranche bond issue for up to 5 billion euros ($5.88 billion) to partially finance a $9.9 billion bond buyback from state-run oil company Pemex, LSEG’s fixed-income news service IFR reported. The issue consists of four-year bonds for up to 2.25 billion euros, eight-year bonds for 1.5 billion euros, …
Mexico Launches 5-Billion-Euro Bond Issue to Partially Fund Pemex Bond Buyback Read More »
(Reuters) – HSBC expects a big oil surplus of 1.7 million barrels per day (mbd) from the fourth quarter of 2025, and a surplus of 2.4 mbd in 2026, exacerbated by the return of OPEC+ barrels over the next 12 months, it said in a note on Monday. At its meeting this month, OPEC+ opted …
HSBC Sees Downside Risk to 2026 Brent Crude Oil Price Forecast Read More »
(Reuters) – Canadian oil sands producer MEG Energy on Monday urged shareholders to reject the sweetened takeover bid from its majority stakeholder Strathcona Resources and reaffirmed support for sale to Cenovus Energy. “The revised Strathcona offer remains fundamentally unattractive,” said James McFarland, chair of MEG’s board, citing exposure to inferior assets, an overvalued Strathcona share price …
MEG Energy Urges Investors to Reject Strathcona’s Sweetened Bid, Backs Cenovus Deal Read More »
Takeaways by Bloomberg AI The Kirishi oil refinery, known as Kinef, was attacked by Ukrainian drones overnight, causing a fire that has been extinguished with no casualties. Ukraine’s Armed Forces confirmed the attack and said they are working to weaken Russia’s military and economic capabilities, with a focus on fuel, weapons, and ammunition production. A …
Drones Strike Russia’s Major Export-Oriented Oil Refinery Read More »
By Keira Wright Satellite image of the Karratha Gas Plant at Woodside’s North West Shelf project. Source: Airbus, CNES/Airbus, Maxar Technologies/Google Maps Australia’s first and largest liquefied natural gas plant cleared the final hurdle to operate until 2070, after an almost seven-year process during which operator Woodside Energy Group Ltd. faced opposition from environmentalists and …
Australia’s Biggest Gas Export Plant Gets Final Approval to Run to 2070 Read More »
By Ruth Liao, Priscila Azevedo Rocha, Mitchell Ferman, and Alberto Brambilla Global gas traders are leaving a major industry conference in Milan without a clear consensus on when — or even if — demand from Chinese buyers will rebound, a key risk as liquefied natural gas supplies keep piling up. While European buyers clinched a …
Gas Markets Brace for Glut With No Sign of China Demand Rebound Read More »
Canada’s government is in discussions with energy companies and Alberta about eliminating a federal cap on emissions from the country’s oil and gas sector if the industry and province reduce their carbon footprint in other ways, three sources with knowledge of the talks said. The sources, who were not authorized to speak publicly about the …
Canada May Drop Oil Emissions Cap as Part of New Climate Plan Read More »
By Brian Platt and Laura Dhillon Kane An LNG carrier is loaded at the LNG Canada docks in Kitimat, British Columbia. Photographer: James MacDonald/Bloomberg Prime Minister Mark Carney wants to speed construction of a major expansion of LNG Canada, a large-scale liquefied natural gas export project on Canada’s west coast. Shell Plc and its Asia-based …
Shell LNG Plant Wins Place on Carney’s Favored Projects List Read More »
