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OPEC+ Officials to Discuss Production Capacity in Vienna, Sources Say

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

By Ahmad Ghaddar LONDON, Sept 16 (Reuters) – OPEC+ delegates are planning to meet in Vienna on Thursday and Friday to discuss the methodology for assessing maximum production capacities for the 22-member producer group, two delegates told Reuters on Tuesday. The issue is contentious because some members such as the United Arab Emirates have increased …

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Canada Approves Blackstone-Backed West Coast LNG Export Project

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

By Thomas Seal Canada cleared a C$10 billion ($7.3 billion) floating facility to export liquefied natural gas off its northwest coast as soon as 2028. Ksi Lisims LNG — backed by Blackstone Inc.-funded Western LNG, as well as Rockies LNG Partners and the Nisga’a Nation, an Indigenous group that owns the development land — is …

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More Investment Needed as Global Oil and Gas Field Decline Rates are Increasing, IEA Says

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

(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 …

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Woodside Energy Expects Demand for LNG to Grow 50% Over Next Decade

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

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 …

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Mexico Launches 5-Billion-Euro Bond Issue to Partially Fund Pemex Bond Buyback

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

(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, …

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HSBC Sees Downside Risk to 2026 Brent Crude Oil Price Forecast

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

(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 …

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MEG Energy Urges Investors to Reject Strathcona’s Sweetened Bid, Backs Cenovus Deal

CDN and International News, Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Oil / By

(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 …

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Drones Strike Russia’s Major Export-Oriented Oil Refinery

CDN and International News, Latest, Oil / By

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 …

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Australia’s Biggest Gas Export Plant Gets Final Approval to Run to 2070

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

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 …

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Gas Markets Brace for Glut With No Sign of China Demand Rebound

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

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 …

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