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U.S. Vice President JD Vance said a negotiated settlement between Russia and Ukraine is unlikely to satisfy either side, and any peace deal will likely leave both Moscow and Kyiv “unhappy.” He said the U.S. is aiming for a settlement both countries can accept. “It’s not going to make anybody super happy. Both the Russians …
Vance Says Ukraine Peace Deal Unlikely to Satisfy Either Side Read More »
(Reuters) – A U.S. federal court auctioning shares in the parent of Venezuela-owned U.S. refiner Citgo Petroleum to pay creditors for expropriations and debt defaults has received a competing bid, an officer overseeing the process said in a filing. A $7.4 billion bid by a group led by a subsidiary of Canadian miner Gold Reserve was recommended last month as winner …
Competing Bid Received in US Auction of Shares in Citgo’s Parent Read More »
(Reuters) – Norway’s energy minister said on Friday he is preparing to launch a new oil and gas licensing round on the Norwegian continental shelf, the first offer of new drilling permits in unexplored frontier regions since 2021. “Norway will be a long-term supplier of oil and gas to Europe, while the Norwegian continental shelf …
Norway Prepares First Major Oil, Gas Licensing Round in Years Read More »
Summary Trump’s tariffs could strain US-India-China relations Experts doubt tariffs will change Putin’s stance Potential oil market disruptions could spike global prices, carrying risks for Trump Aug 8 (Reuters) – From punishing Brazil to trying to curb imports of fentanyl, U.S. President Donald Trump has wielded the threat of tariffs as an all-purpose foreign policy …
Trump Tariffs on Russia’s Oil Buyers Bring Economic, Political Risks Read More »
The head of an association representing global oilfield service firms in Mexico said on Thursday that a new business plan for state oil company Pemex lacks concrete measures to address its massive debt with suppliers, despite official promises to speed up payments. Rafael Espino, president of the AMESPAC association, told Reuters that in a Tuesday …
Pemex Plan Disappoints Suppliers Awaiting Billions in Overdue Payments Read More »
(Reuters) – Kuwait’s oil minister Tariq Al-Roumi said on Thursday that OPEC is closely monitoring global oil supply, demand trends, and U.S. President Donald Trump’s recent remarks on Russian oil. “Through OPEC, we are monitoring the market in terms of supply and demand, and we are monitoring the U.S. President’s statements,” Al-Roumi told reporters, adding …
Kuwait Oil Minister Says OPEC Monitoring Market, Trump Remarks on Russian Oil Read More »
U.S. President Donald Trump on Wednesday said he could announce further tariffs on China similar to the 25% duties announced earlier on India over its purchases of Russian oil, depending on what happens. “Could happen,” Trump told reporters, after saying he expected to announce more secondary sanctions aimed at pressuring Russia to end its war …
(Reuters) – India, which gets more than a third of its oil imports from Russia, is likely to turn to supplies from the Middle East and Africa and other regions if it is forced to cut Russian imports due to possible U.S. penalties. WHY IS INDIA IMPORTING RUSSIAN OIL? India turned to purchasing Russian oil sold …
Explainer: Where Could India Look to Replace Russian Oil? Read More »
Summary Company incurs US import tariff hit of 100 million euro in third quarter Third-quarter orders at 16.1 billion euros versus 14.1 billion euros in poll Order backlog reaches record of 136 billion euros (Reuters) – Siemens Energy expects to hit the upper end of its 2025 growth outlook range, it said on Wednesday, as its …
Siemens Energy Targets Upper End of Outlook as US Demand Outweighs Tariffs Read More »
Proposed ways to generate wealth while cleaning up inactive oil and gas sites By Deborah Jaremko Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Alberta has a new set of recommendations to address the growing number of oil and gas production and infrastructure assets in the province that …
Understanding Alberta’s Mature Asset Strategy Recommendations Read More »
