Conventional Energy

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Natural Gas Flows to Freeport LNG Export Plant in Texas Drop Wednesday, Sources Say

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By Curtis Williams HOUSTON, May 28 (Reuters) – Natural gas flows to a Freeport liquefied natural gas (LNG) export plant in Texas declined on Wednesday, likely leading to a reduction in LNG output, two sources said. Freeport is the third largest LNG export facility in the U.S. and has helped the country remain the world’s …

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OPEC+ Adopts Plan For 2027 Baselines Ahead of July Output Hike Talks

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

By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler OPEC+ met online on Wednesday Eight OPEC+ members to meet on Saturday to decide on July output For an EXPLAINER on OPEC+ output cuts, click here LONDON/MOSCOW, May 28 (Reuters) – OPEC+ agreed on Wednesday to establish a mechanism for setting baselines for its 2027 oil production, …

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Oil Gains on Supply Concerns, Investors Await July OPEC+ Output Decision

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By Nicole Jao OPEC+ keeps output policy unchanged Eight OPEC+ members expected to agree to output boost Saturday Goldman Sachs sees OPEC+ keeping output steady after July hike Chevron’s Venezuelan oil curbs, Canadian wildfires limit price downside NEW YORK, May 28 (Reuters) – Oil prices gained more than 1% on Wednesday on supply concerns as …

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Cheniere Signs Long-Term Integrated Production Marketing Agreement with Canadian Natural Resources Limited

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HOUSTON–(BUSINESS WIRE)–Cheniere Energy, Inc. (“Cheniere”) (NYSE: LNG) announced today that its subsidiary, Cheniere Marketing, LLC (“Cheniere Marketing”), has entered into a long-term Integrated Production Marketing (“IPM”) gas supply agreement with Canadian Natural Resources Limited. Under the IPM agreement, a subsidiary of Canadian Natural Resources Limited has agreed to sell 140,000 MMBtu per day of natural gas …

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What OPEC+ Oil Output Cuts Are in Place?

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

(Reuters) – OPEC+ oil producers have three layers of output cuts in place after agreeing the first cutback in 2022. This year, eight OPEC+ members have started to raise production and unwind the third and most recent tranche of cuts. The 22-member OPEC+ will hold an online meeting on Wednesday, which is not expected to …

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US Grants Chevron Narrow Authorization to Keep Assets in Venezuela, Sources Say

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The Trump administration has issued a narrow authorization for U.S. oil producer Chevron to keep assets in Venezuela, including its stakes in oil joint ventures with state company PDVSA, two sources with knowledge of the decision said on Tuesday. The guidelines, whose terms are similar to those in a U.S. license held by Chevron between …

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Trump’s Nuclear Energy Orders Would Boost Uranium Prices, Investments, Experts Say

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By Mrinalika Roy Uranium market recovery expected after Trump signs new US nuclear energy orders Analysts foresee long-term uranium supply confidence and increased contracting activity May 27 (Reuters) – President Donald Trump’s latest orders seeking to revitalize the U.S. nuclear energy industry could pull the uranium market out of its current lull and boost investor …

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OPEC+ Set to Agree July Oil Output Hike This Week, Sources Say

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

By Ahmad Ghaddar, Alex Lawler and Yousef Saba Full OPEC+ meeting takes place on Wednesday Eight OPEC+ members meet on Saturday to decide on July output UAE says OPEC+ must be mindful of rising oil demand For an EXPLAINER on OPEC+ output cuts, click here LONDON/DUBAI, May 27 (Reuters) – OPEC+ is likely to agree …

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Glenfarne Announces Partnership With Worley and Commencement of Final Engineering for the Alaska LNG Pipeline

Conventional Energy, Latest, LNG, Press Releases / By

Alaska LNG Strategic Partner Process Also Launched ANCHORAGE, Alaska & NEW YORK–(BUSINESS WIRE)–Glenfarne Alaska LNG, LLC (“Glenfarne”), a subsidiary of Glenfarne Group, LLC, and majority owner and lead developer of Alaska LNG, a joint venture with the State of Alaska’s Alaska Gasline Development Corporation, has selected Worley to undertake additional engineering and prepare a final …

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Saudi’s Refining Boom Helps it Weather Oil Price War: Bousso

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

Saudi Arabia has been cranking up oil refining operations to capture strong profit margins, helping the kingdom offset revenue lost from declining crude prices and exports. The world’s top oil exporter has in recent years invested heavily in expanding and modernizing its refining and petrochemical capacity at home and overseas to meet growing demand for …

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