Conventional Energy

Auto Added by WPeMatico

Trump Sanctions on Lukoil, Rosneft Could Reshuffle Global Oil Map: Vladimirov

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

(Reuters) – U.S. sanctions against Russian oil majors Lukoil and Rosneft could trigger a structural reshaping of the global oil sector over the next year, reversing Moscow’s decades-long efforts to expand its international clout through energy investment. When President Donald Trump in October slapped sanctions on Rosneft and Lukoil, which together account directly or indirectly …

Trump Sanctions on Lukoil, Rosneft Could Reshuffle Global Oil Map: Vladimirov Read More »

Venture Global Hits Back at Shell’s Fraud Claims in LNG Arbitration Battle

Conventional Energy, Latest, LNG, US News / By

(Reuters) – Venture Global submitted its response late on Tuesday to a legal challenge from Shell over the oil major’s defeat in an arbitration case concerning liquefied natural gas cargoes, rejecting allegations of fraud and accusing Shell of breaching arbitration confidentiality. The legal documents submitted in New York Supreme Court mark the latest development in …

Venture Global Hits Back at Shell’s Fraud Claims in LNG Arbitration Battle Read More »

Trump Won’t Turn Venezuela’s OPEC Membership into a Battleground

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

Ron Bousso (Reuters) – Venezuela is likely to retain its seat in OPEC even if U.S. President Donald Trump successfully forces a change of government in the oil-rich country, as the U.S. is seeking to bolster its alliance with the cartel even as it expands its own sphere of influence. The U.S. has recently been increasing pressure on Venezuelan …

Trump Won’t Turn Venezuela’s OPEC Membership into a Battleground Read More »

US Holds First Gulf of Mexico Oil and Gas Auction Since 2023

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

By Reuters (Reuters) – The Trump administration will hold the government’s first sale of oil and gas drilling rights in the Gulf of Mexico since 2023 on Wednesday, a key test of industry appetite for offshore acreage at a time when the United States is seeking to unleash more domestic fossil fuel production. The auction is the first …

US Holds First Gulf of Mexico Oil and Gas Auction Since 2023 Read More »

Oil Steadies Ahead of Ukraine Peace Talks and Fed Interest Rate Decision

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

Summary Market seeks cues from peace talks and Fed rate decision Fed expected to cut interest rates by 25 bps on Wednesday Russian oil supply risks offset oversupply concerns (Reuters) – Oil prices steadied on Wednesday as investors watched for progress in Russia-Ukraine peace talks and awaited a decision on U.S. interest rates. After declines …

Oil Steadies Ahead of Ukraine Peace Talks and Fed Interest Rate Decision Read More »

Morocco Gets Closer to Creating $1 Billion LNG Import Hub

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

By Souhail Karam Illustration of Nador West Med port in Morocco. Source: Marsa Maroc Morocco is getting closer to creating an almost $1 billion liquefied natural gas hub at a new deep-sea port on its Mediterranean coast, as it plans to boost imports to curb the use of dirtier fuels. The nation this week issued …

Morocco Gets Closer to Creating $1 Billion LNG Import Hub Read More »

Canada Open for AI Data Centres After Carney’s Energy Shift, Capital Power CEO Says

Artificial Inteligence, CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas / By

Suspension of clean energy regulations will make it possible to build new gas-fired power plants to support large data centres By Robert Tuttle Capital Power Corp.’s top executive says it will become possible to build new gas-fired power plants to support large data centres in Alberta after the Canadian government relaxed environmental standards for electricity. …

Canada Open for AI Data Centres After Carney’s Energy Shift, Capital Power CEO Says Read More »

US Natural Gas Futures Drop 7% for Second Day as Mild Weather Trims Demand

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

(Reuters) – U.S. natural gas futures dropped about 7% for the second straight day to a one-week low on Tuesday, on more moderate two-week forecasts for weather and demand, near-record output, ample amounts of gas in storage and lower prices around the world. Front-month gas futures for January delivery on the New York Mercantile Exchange …

US Natural Gas Futures Drop 7% for Second Day as Mild Weather Trims Demand Read More »

Australia Nears Gas Market Review That Could Squeeze LNG Exporters

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

Australia is set to issue a gas market review that could curb exports of liquefied natural gas from its east coast, where three operators led by firms such as Shell and Santos send cargoes to Asia and beyond. The review, which industry watchers expect Canberra to release as soon as this week, could include a policy …

Australia Nears Gas Market Review That Could Squeeze LNG Exporters Read More »

Exxon Raises Earnings Growth, Oil Production Forecasts to 2030

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Exxon Mobil is targeting $25 billion in earnings growth from 2024 to 2030 and will increase oil and gas production, the top U.S. oil producer said on Tuesday as it leans on profitable assets in Guyana and the Permian Basin. The outlook represents a $5 billion increase from its previous plan, although Exxon …

Exxon Raises Earnings Growth, Oil Production Forecasts to 2030 Read More »

Subscribe
Subscribe