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PALM BEACH, Florida, Dec 22 (Reuters) – U.S. President Donald Trump said on Monday the United States would maybe keep and maybe sell the oil it had seized off the coast of Venezuela in recent weeks, adding the United States would also keep the seized ships. “Maybe we will sell it, maybe we will keep …
US Might Keep or Might Sell Oil Seized Near Venezuela, Trump Says Read More »
By Dorothy Neufeld | Graphics/Design Joyce Ma Key Takeaways Oil, coal, and natural gas were the leading sources of global energy demand in 2024. While coal demand is set to drop the most by 2050, solar and wind demand is forecast to surge. Fossil fuels powered 80% of global energy demand in 2024, with this …
Charted: Global Energy Demand by Fuel Type (2024-2050P) – Visual Capitalist Read More »
December 22 (Reuters) – Oil tanker loadings slowed on Monday in Venezuela, with most vessels carrying oil shipments only between local ports, sources and ship tracking data showed, following U.S. actions targeting two more ships and as Venezuelan state oil company PDVSA struggles to recover from a cyberattack. U.S. authorities said the U.S. Coast Guard …
Oil Loadings in Venezuela Slowed and Ships Changed Course After New US Measures. Read More »
By Patricia Garip and Jennifer A Dlouhy The Bella 1 tanker in March. Photographer: Hakon Rimmereid/MarineTraffic The US is still in pursuit of a third oil tanker near Venezuela, according to a US official, as President Donald Trump intensifies an oil blockade on Nicolás Maduro’s government. The Bella 1 tanker, a Panamanian-flagged vessel sanctioned by …
US Still in Pursuit of Third Oil Tanker in Venezuela Blockade Read More »
China’s foreign ministry on Monday said the United States’ seizure of another country’s ships was a serious violation of international law, after the U.S. intercepted a China-bound oil tanker off the Venezuelan coast. Venezuela has the right to develop relations with other countries, China’s foreign ministry spokesperson Lin Jian said at a daily press briefing, …
China Says US Seizure of Ships ‘Serious Violation’ of International Law Read More »
Summary Deal includes $2.7 billion cash, $500 million in shares Deal may boost Harbour’s output to 500 kboepd by decade’s end Harbour expects acquisition to enhance free cash flow from 2027 Dec 22 (Reuters) – Britain’s North Sea-focused Harbour Energy said on Monday it would buy deepwater oil and gas exploration and production company LLOG …
UK’s Harbour Energy enters Gulf of Mexico with $3.2 billion LLOG deal Read More »
The United States is interdicting and seizing a vessel off the coast of Venezuela in international waters, three U.S. officials told Reuters on Saturday, a move that comes just days after U.S. President Donald Trump announced a “blockade” of all sanctioned oil tankers entering and leaving Venezuela. This would mark the second time in recent …
US Seizes Vessel Off Venezuelan Coast, Officials Say Read More »
(Reuters) – The U.S. Army Corps of Engineers on Friday released a long-anticipated Environmental Impact Statement for the Dakota Access Pipeline (DAPL), recommending that operations of the oil pipeline continue with some conditions. The EIS, a document required by U.S. law to evaluate the environmental effects of major federal actions, is a win for DAPL …
Dakota Access Pipeline Should Continue Operating, US Army Corps of Engineers Says Read More »
HOUSTON, Dec 19 (Reuters) – The number of active rigs and hydraulic fracturing crews has fallen in North Dakota, according to the state’s Department of Mineral Resources on Friday. North Dakota currently has 27 active rigs, down from 28 in November, while seven hydraulic fracturing crews are operating in the state, down from 10 last …
North Dakota Rig Count, Frac Crew Count Falls, State Regulator Says Read More »
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since August, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, …
US Drillers Cut Oil and Gas Rigs for Second Week in a Row, Says Baker Hughes Read More »
