Conventional Energy

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Canada’s Newest Oil Tycoon Shakes Up Sector With Bold Expansion Plan

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

Summary Strathcona plans to increase production to 300,000 bpd by 2035 Company is one of North America’s fastest-growing oil producers Waterous known for outspoken style (Reuters) – Canadian banker-turned-oil-tycoon Adam Waterous, an industry outsider who lives in a Rocky Mountain tourist town, not energy hub Calgary, has a plan to cement his company’s status as …

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Oil Steadies With Ukraine Peace Talks, US Rate Decision in Spotlight

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Prices likely to hover in tight range near-term, analysts say Russia-Ukraine peace talks still in progress Investors pricing in high possibility of rate cut at Fed meeting (Reuters) – Oil prices steadied on Tuesday after falling 2% in the previous session, with investors keeping a close eye on peace talks to end Russia’s war …

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Kazakhstan’s CPC Oil Pipeline Will Not Return to Full Export Capacity Before December 11, Sources Say

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

(Reuters) – Kazakhstan’s Caspian Pipeline Consortium, which accounts for 1% of global crude supply, will not return to full export capacity until at least December 11 after a Ukrainian drone attack damaged a key part of its terminal, two industry sources told Reuters. The CPC terminal, which handles around 80% of Kazakhstan’s oil exports, was …

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G7’s Russian Oil Tanker Ban Shows Teeth, But Bite is in Doubt: Bousso

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

The G7’s proposed plan to bar tankers from hauling Russian oil ups the ante in the West’s economic stand-off with Moscow, but the ultimate bite hinges on whether governments will ratchet up punishments on those skirting sanctions. And with Russian President Vladimir Putin working tirelessly to strengthen Moscow’s own alliances, including India and China, the …

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Poland Eyes LNG Buildout to Shape Europe’s Post-Russia Gas Flows

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

Poland is aiming to become the main entry point for global LNG into Central and Eastern Europe as Europe moves away from Russian gas The country is considering new liquefied natural gas infrastructure, including a potential new floating LNG import terminal on the Baltic Sea, to transform itself into a regional gateway. Poland’s central position …

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US Drillers Add Rigs for Fourth Time in Five Weeks, Says Baker Hughes

Conventional Energy, Latest, Natural Gas, Oil, US News / By

(Reuters) – U.S. energy firms this week added drilling rigs for the fourth time in five weeks, 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, rose by five to 549 in the week to December 5, its highest …

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Oil Climbs to 2-Week High on Fed Rate-Cut Signals, Supply Concerns

Conventional Energy, Latest, Oil, US News / By

By Scott Disavino US central bank expected to cut rates next week Russia-Ukraine talks stall, affecting oil supply outlook OPEC+ production steady, geopolitical tensions influence prices NEW YORK, Dec 5 (Reuters) – Oil prices edged up nearly 1% to a two-week high on Friday on increasing expectations the U.S. Federal Reserve will cut interest rates …

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Chevron’s Gorgon LNG Project Secures $2 Billion Investment Nod

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

The Australian unit of U.S. oil giant Chevron said on Friday that the partners of the Gorgon Joint Venture have approved the A$3 billion ($1.98 billion) Gorgon Stage 3 development off Western Australia’s northwest coast. The development will be used as backfill for the existing LNG export concern and will link the offshore Geryon and Eurytion …

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US Natural Gas Futures Edge Up to 35-Month High on Cold Snap and Near-Record LNG Export Flows

Conventional Energy, Latest, LNG, Natural Gas, US News / By

(Reuters) – U.S. natural gas futures edged up about 1% to a 35-month high on near-record flows of gas to liquefied natural gas (LNG) export plants and as extreme cold boosted heating demand and cash prices in several regions to their highest since last winter. Limiting Thursday’s price increase for most of the trading day …

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