Conventional Energy

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Sanctioned Tanker Hyperion to Test Trump’s Blockade of Venezuela

Conventional Energy, Latest, Oil, US News / By

By Lucia Kassai The tanker Hyperion, sanctioned by the US for having shipped Russian oil, will likely be the first ship to test President Donald Trump’s naval blockade of Venezuela. The vessel recently arrived in Amuay, home to Venezuela’s largest refining complex, according to vessel movements tracked by Bloomberg. It loaded supplies in Murmansk, Russia, …

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Shock Departure Leaves Woodside Without Its Key Gas Champion

CDN and International News, Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Natural Gas / By

By Keira Wright, Ruth Liao, and Stephen Stapczynski Meg O’Neill | Photographer: Nicky Loh/Bloomberg The surprise exit of Woodside Energy Group Ltd. Chief Executive Officer Meg O’Neill leaves her successor with a dilemma: should the Australian company continue down the path she set of promoting massive liquefied natural gas projects when forecasts point to a …

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COMMENTARY: Surging Barrels at Sea Spook Oil Markets More Than Russia or Venezuela

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

By Ron Bousso LONDON, Dec 19 (Reuters) – Oil prices slumped below $60 a barrel this week as investors try to make sense of U.S. President Donald Trump’s push to end the war in Ukraine and force out Venezuelan President Nicolas Maduro. Yet the real driver of prices in the months ahead is likely to …

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Oil Prices Little Changed as Market Waits for News on Possible Russia-Ukraine Peace

Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil, US News / By

By Scott Disavino Brent and WTI down about 2% this week EU loans Ukraine 90 billion euros for defense Central banks signal possible change in stance on interest rates NEW YORK, Dec 19 (Reuters) – Oil prices were little changed on Friday as the market waits for news about a possible Russia-Ukraine peace deal and …

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Trump Says He is Not Ruling Out War with Venezuela, NBC News Reports

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U.S. President Donald Trump said he was leaving the possibility of war with Venezuela on the table, according to an interview with NBC News published on Friday. “I don’t rule it out, no,” he told NBC News in a phone interview. Trump also said there would be additional seizures of oil tankers near Venezuelan waters, …

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US Senator Presses Tanker Giants Over Cartel-Linked Fuel Smuggling at Sea

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(Reuters) – U.S. Senator Ron Wyden has contacted seven maritime shipping companies as part of an inquiry into cartel-linked fuel smuggling between the United States and Mexico, asking the firms to explain their vetting procedures for ensuring their tankers aren’t used to transport illicit hydrocarbons, according to copies of the letters seen by Reuters. The …

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Oil Set for Second Straight Weekly Decline on Supply Outlook

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

Summary Potential supply glut from OPEC+ and US weighs on prices Venezuela oil export operations continue despite US sanctions Analysts predict lower prices could curb supply, preventing price freefall (Reuters) – Oil prices were little changed on Friday and poised for a second straight weekly decline as a potential supply glut and prospects of a …

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Energy Transfer Announces Suspension of Development of Lake Charles LNG

Conventional Energy, Latest, LNG, Press Releases, US News / By

Energy Transfer Cites Focus on Capital Allocation Discipline DALLAS–(BUSINESS WIRE)–Energy Transfer LP (NYSE:ET) announced today that it is suspending development of the Lake Charles LNG project in order to focus on allocating capital to its significant backlog of natural gas pipeline infrastructure projects that Energy Transfer believes provides superior risk/return profiles. Energy Transfer management has determined …

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ADNOC Lands $11 Billion Financing for Future Gas Output

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

By Yousef Saba Lukoil exits Ghasha project, hands ADNOC 10% stake Heavy demand from Asian lenders, including Chinese banks First gas production expected before decade’s end DUBAI, Dec 18 – Abu Dhabi National Oil Company has secured $11 billion in structured financing to monetise future gas production from its Hail and Ghasha development, the state …

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How BP’s New Boss Became the Most Powerful Woman in Fossil Fuels

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, US News / By

By Keira Wright and Ruth Liao Meg O’Neill’s rapid rise to the top of one of the world’s biggest fossil-fuel companies has been unencumbered by doubt. At a moment when oil executives are still being pressed to move away from hydrocarbons, she has a different argument: that the world is nowhere near done with them. …

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