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By Julian Hast US natural gas declined in thin trading on Wednesday as some gas production came back into service after being knocked offline by a powerful winter storm that sparked a record-shattering rally. February futures contract dropped 6.1%, or 42 cents, to $6.531 per million British thermal units as of 10:31 a.m. in New …
US Natural Gas Falls as Production Returns, Contract Expires Read More »
(Reuters) – The U.S. upstream mergers and acquisitions market regained momentum after a mid-year slowdown in the fourth quarter of 2025 reaching $23.5 billion in announced deals and pushing full-year activity to $65 billion, analytics firm Enverus said on Wednesday. The rebound was driven by motivated buyers including refunded private equity teams, increased use of …
US Upstream M&A Market Rebounds in Q4, Hits $23.5 Billion, Enverus Says Read More »
Summary Shell seeks license for Loran-Manatee discovery, minister says BP seeking to develop Cocuina-Manakin field, minister adds First production from Dragon field hoped for in fourth quarter 2027 (Reuters) – Shell and BP are seeking U.S. licenses to extract natural gas from fields in Trinidad and Tobago and Venezuela, the Caribbean country’s energy minister Roodal Moonilal said …
U.S. officials have said publicly they want the interim president to sever relations with close international allies like Iran, China and Russia, including expelling their diplomats and advisers from Venezuela. But Rodriguez, whose swearing-in ceremony was attended by representatives of those countries early this month, has yet to publicly announce such a move. She became …
US Intelligence Raises Doubts About Venezuela Leader’s Cooperation Read More »
By Dmitry Zhdannikov and Aref Mohammed Chevron seeks improved terms for West Qurna 2 oilfield, sources say Iraq nationalized operatorship of oilfield after U.S. sanctions on Lukoil Iraq has improved oil contract terms in deals with majors in past two years (Reuters – BASRA/LONDON, Jan 27) – U.S. oil major Chevron is pushing Iraq to …
Chevron Seeks Better Terms From Iraq Before Taking Over Lukoil Oilfield, Sources Say Read More »
(Reuters) – U.S. officials are working to issue a general license soon that would lift some sanctions on Venezuela’s energy sector, three sources familiar with the preparation said on Tuesday, a shift from a previous plan to grant individual exemptions to sanctions for companies seeking to do business in the country. Following the U.S. capture …
(Reuters) – A commission of Venezuela’s National Assembly has received more than 80 proposals from politicians, lawyers and energy associations seeking changes to a reform of the country’s main oil law, sources close to the talks said, a blow for lawmakers rushing to have the reform approved next week. Interim President Delcy Rodriguez introduced the …
Venezuela’s Oil Reform Met With Flurry of Proposed Changes Read More »
(Reuters) – Mexican President Claudia Sheinbaum, pressed on Tuesday whether Mexico had halted oil shipments to Cuba amid pressure from Washington, said shipment decisions were sovereign in nature and not based on U.S. pressure. However, Sheinbaum appeared to acknowledge that Mexico had halted a planned shipment to Cuba. Asked at her regular morning press conference …
Mexico’s Sheinbaum Does Not Deny Halting Oil Shipment to Cuba Read More »
(Reuters) – Exports of crude oil and liquefied natural gas from U.S. Gulf Coast ports tumbled to zero on Sunday before rebounding on Monday, after a massive winter storm swept across the country, ship-tracking service Vortexa said. An Arctic blast has pummeled the United States in recent days, straining energy infrastructure and power grids. Up …
US Gulf Coast Oil, LNG Exports Hit Zero on Sunday Due to Freeze, Vortexa Says Read More »
(Reuters) – Where exactly is the expected supply glut in the global crude market? The best answer is China, which saw storage flows surge in December, resulting in a surplus of more than 1 million barrels per day for 2025. China’s surplus of crude oil jumped to 2.67 million bpd in December, up from 1.88 …
China Soaks Up The Crude Oil Glut, But Only if the Price is Right: Russell Read More »
