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Chevron Seeks Buyers for 50% Stake in Singapore Refinery, Sources say

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

Summary Chevron looking to sell refinery stake amid global restructuring Refinery partner PetroChina has first right of refusal on stake Chevron also gauging interest to sell other Asia assets Stake value estimated in $300 million to $500 million range SINGAPORE, (Reuters) – U.S. oil major Chevron  has sought non-binding bids for the sale of its 50% …

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Mideast Oil Giants Bring Their Billions in Search of LNG Riches

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

By Anna Shiryaevskaya and Verity Ratcliffe The Golden Pass LNG terminal under construction in Sabine Pass, Texas. Photographer: Callaghan O’Hare/Bloomberg A new breed of investors is expanding into liquefied natural gas, one of the world’s hottest commodities, offering billions of dollars for new projects and squeezing out established players. With financial firepower at their disposal …

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Oil Markets See Closure of Hormuz Strait as Unlikely, Eni CEO Says

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

MILAN, June 18 (Reuters) – The CEO of Italian energy company Eni (ENI.MI) said on Wednesday oil markets are signalling that an escalation between Israel and Iran and the closure of the Strait of Hormuz is unlikely. About a fifth of the world’s total oil consumption passes through the Strait, which lies between Oman and …

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Canada Could Produce First LNG by This Weekend, Sources Say

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

Canada could produce its first ever liquefied natural gas this weekend, from the LNG Canada export facility in Kitimat, British Columbia, two people familiar with the startup of the plant told Reuters on Wednesday. The facility, the first of a handful of Canadian LNG projects to begin production, will be the first LNG facility in …

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Israel-Iran Developments in Next 3-5 Days Critical for Global Energy Markets, Yergin says

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

Developments in the Iran-Israel conflict in the next three to five days will be critical to global energy markets even though oil and gas supplies from the Gulf have not yet been disrupted, oil historian Daniel Yergin said on Wednesday. Iran and Israel launched new missile strikes at each other on Wednesday as the air …

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Energy Majors Lock Onto Southeast Asia in Race for More Gas for AI Power Demand

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

Energy majors are pouring money into gas exploration and production in Malaysia and Indonesia to meet rising power demand from growing populations and a proliferation of data centres in the region. The wave of investments come as European majors pivot back to more profitable conventional fuels as countries embark on different energy transition paths, while …

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Petrobras and Exxon Team Up to Win Offshore Blocks in Brazil

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

By Mariana Durao and Gabriel Diniz Tavares Camila Borges, a representative for Exxon Mobil Corp., presents a bid during a public session of the Agencia Nacional do Petroleo (ANP) oil concession offer in Rio de Janeiro on June 17. Photographer: Dado Galdieri/Bloomberg Petrobras, Exxon Mobil Corp. and Chevron Corp. won exploration rights in Brazil’s Equatorial …

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Iranian and Israeli Energy Sites Impacted by Conflict

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

(Reuters) – Military strikes between Iran and Israel have prompted concern about potential damage and disruption to the region’s important oil and gas fields and infrastructure. Below are details about these sites and about how they have been affected so far: SOUTH PARS GAS FIELD Israel struck an installation at the South Pars offshore gas …

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Mexico’s Pemex Payment Crisis: Suppliers Threaten July Shutdown

CDN and International News, Latest / By

(Reuters) – The Mexican association that groups major global oil services companies warned that it is going through an “unprecedented crisis” due to the lack of payments from the state-owned oil company Pemex, the world’s most indebted energy company. In a letter sent to President Claudia Sheinbaum and released on Monday afternoon, the association warned …

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