Conventional Energy

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Shell Ordered to Pay Venture Global’s Legal Fees After Arbitration Loss

Conventional Energy, Latest, LNG, US News / By

Venture Global said on Friday that following Shell’s recent loss in arbitration over liquefied natural gas (LNG) supply claims, an International Chamber of Commerce panel has issued an award ordering Shell to pay its legal fees. “Venture Global looks forward to putting these proceeds toward our coastal restoration efforts along the Gulf of America,” a …

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Oil Settles up More Than 2% as Russian Port Suspends Oil Exports After Ukrainian Attack

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

Summary Brent, WTI settle up more than 2% Both benchmarks rise on the week Russian port of Novorossiisk halt oil exports Investors weigh impact of Western sanctions on Russian oil (Reuters) – Oil prices settled more than 2% higher on Friday as Russia’s port of Novorossiisk halted oil exports following a Ukrainian drone attack that …

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Barclays Says Brent Could Top $85/bbl if Russian Exports Drop Sharply

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

(Reuters) – Brent crude could rise above $85 per barrel if Russian exports fall sharply, Barclays said, well above the bank’s previous forecast of $66 per barrel for 2026. In late October, U.S. President Donald Trump imposed Ukraine-related sanctions on Russia’s largest oil companies, Lukoil and Rosneft, in Washington’s toughest measures against Russian business during …

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Activist Investor Kimmeridge Takes Stake in US Energy Producer Devon

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

(Reuters) – Activist investment firm Kimmeridge Energy Management has taken a stake in U.S. shale producer Devon Energy, according to a stock market filing released on Friday. THE DETAILS Kimmeridge owned 5.66 million shares in Devon as of the end of September, the filing said. That would equate to an approximately 0.9% stake in Devon, …

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Saudi Aramco to Sign US LNG Agreements During Crown Prince’s Visit to Washington, Sources Say

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(Reuters) – Saudi Aramco is set to sign two U.S. liquefied natural gas supply deals with Woodside Energy and Commonwealth LNG when Saudi Arabia’s Crown Prince Mohammed bin Salman visits Washington next week, sources familiar with the matter told Reuters. The world’s largest oil exporter, Saudi Aramco, wants to become a major liquefied natural gas …

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Varcoe: Canadian Gas Producers See Door to Global Markets as LNG Facility Makes Federal Major Projects List

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

‘A lot of major work has taken place in the past five years, getting everything put together … This announcement gets us so very close to the finish line’   This Article & More by Chris Varcoe Here Natural gas producers in Western Canada watched closely as the Carney government added the Ksi Lisims LNG …

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Trump Administration Revokes Biden-Era Limits on Alaska Oil Drilling

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(Reuters) – The Trump administration on Thursday finalized its rollback of Biden-era limits on oil and gas drilling in an Alaska area that is the nation’s largest tract of undisturbed public land. The move is consistent with President Donald Trump’s goal to reduce restrictions on domestic oil and gas development, particularly in resource-rich Alaska. Biden’s …

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Goldman Sachs Sees Global Oil Demand Growing Through 2040

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(Reuters) – Goldman Sachs expects global oil demand to grow to 113 million barrels per day in 2040 from 103.5 mbpd in 2024, driven by rising energy needs and ongoing challenges in low-carbon technology and infrastructure, the Wall Street bank said on Thursday. “We expect solid annual average demand growth of 0.9 mbpd in 2025-2030, …

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US Natgas Scales Highest Level Since March on Stronger LNG Exports, Cold December Outlook

Conventional Energy, Latest, LNG, US News / By

(Reuters) – U.S. natural gas futures rose to their highest level since March on Thursday, supported by stronger liquefied natural gas (LNG) exports and forecasts for colder-than-normal weather in December. Front-month gas futures for December delivery on the New York Mercantile Exchange moved 10.8 cents higher, or 2.4%, to $4.64 per million British thermal units …

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