Conventional Energy

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NextDecade Secures $3 Billion Funding From TotalEnergies, GIP for Rio Grande LNG Project

Conventional Energy, Latest, LNG, US News / By

U.S. liquefied natural gas developer NextDecade said on Monday it will receive up to $3 billion in equity commitments from TotalEnergies and Global Infrastructure Partners (GIP) to finance the fourth liquefaction train at its Rio Grande LNG export project in Texas. TotalEnergies will contribute about $300 million for a 10% stake in the Train 4 …

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The Crude Oil Market Bets Trump’s India Threats are Hollow: Russell

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

The crude oil market’s rather sanguine reaction to the U.S. threats to India over its continued purchases of Russian oil is effectively a bet that very little will actually happen. President Donald Trump cited India’s imports of Russian crude when imposing an additional 25% tariff on imports from India on August 6, which is due …

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Malaysia’s Petronas to Boost International Portfolio to 60% Over Next Decade 

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

Malaysia’s state energy firm Petronas plans to raise the share of its international portfolio to 60% of its total business over the next decade, it said on Monday. The firm will build on its current international portfolio, which now accounts for around 40% to 50% of its investments, by integrating its domestic expertise with global …

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Norway Prepares First Major Oil, Gas Licensing Round in Years

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

(Reuters) – Norway’s energy minister said on Friday he is preparing to launch a new oil and gas licensing round on the Norwegian continental shelf, the first offer of new drilling permits in unexplored frontier regions since 2021. “Norway will be a long-term supplier of oil and gas to Europe, while the Norwegian continental shelf …

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Oil Steadies on Reports of US-Russia Deal, Ends Week About 5% Lower

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

Summary US, Russia aim to reach a deal to halt the war in Ukraine Latest US tariffs raise concerns over economic activity Trump threatens further sanctions on buyers of Russian oil US oil rig count rises by one to 411 HOUSTON, Aug 8 (Reuters) – Oil held steady on Friday as markets awaited a meeting …

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Trump Tariffs on Russia’s Oil Buyers Bring Economic, Political Risks

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

Summary Trump’s tariffs could strain US-India-China relations Experts doubt tariffs will change Putin’s stance Potential oil market disruptions could spike global prices, carrying risks for Trump Aug 8 (Reuters) – From punishing Brazil to trying to curb imports of fentanyl, U.S. President Donald Trump has wielded the threat of tariffs as an all-purpose foreign policy …

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Stone Ridge Buys Oklahoma Assets From ConocoPhillips

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Natural Gas, US News / By

Acquisition Brings Stone Ridge Energy’s Portfolio to Over 11 GW of Power NEW YORK–(BUSINESS WIRE)–Stone Ridge Holdings Group (“Stone Ridge”), a financial services firm focused on alternative asset management, reinsurance, and bitcoin, today announced that its energy platform, Stone Ridge Energy (“SRE”), entered into a definitive agreement to acquire a major portfolio of Oklahoma energy …

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Why the Oil Market is Tight Despite Big OPEC+ Output Hikes

Conventional Energy, Latest, Oil, US News / By

OPEC+ oil producers have used high summer demand to launch their first output increases in three years, but those targets have proved difficult to hit, leaving the market surprisingly tight. On paper, the world’s largest group of oil-producing countries should be pumping an extra 2.5 million barrels of oil a day in September versus March, …

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Kuwait Oil Minister Says OPEC Monitoring Market, Trump Remarks on Russian Oil

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(Reuters) – Kuwait’s oil minister Tariq Al-Roumi said on Thursday that OPEC is closely monitoring global oil supply, demand trends, and U.S. President Donald Trump’s recent remarks on Russian oil. “Through OPEC, we are monitoring the market in terms of supply and demand, and we are monitoring the U.S. President’s statements,” Al-Roumi told reporters, adding …

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ConocoPhillips to Sell Anadarko Assets for $1.3 Bln; Profit Beats Estimates

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Natural Gas, Oil, US News / By

(Reuters) – ConocoPhillips  will sell its Anadarko Basin assets for $1.3 billion, the energy producer said on Thursday, after beating Wall Street estimates for second-quarter profit. Shares of the company rose nearly 2% in premarket trade. The asset sale, expected to close at the beginning of the fourth quarter, pushes ConocoPhillips past its $2 billion non-core …

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