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UAE to Invest up to $50 Billion in Canada in Industries Such as AI, Energy

Artificial Inteligence, CDN and International News, Energy Topics & Technology, Latest, LNG, Oil / By

The United Arab Emirates said on Friday it will invest up to $50 billion in Canada under a framework that includes projects in artificial intelligence, energy, and mining sectors. The UAE has been looking to expand its energy investments abroad, especially through its recently launched firm XRG, the foreign investment arm of Abu Dhabi’s oil …

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COPPING OUT: COP30 Climate Summit Set for Last-Gasp Showdown Over Fossil Fuels and Finance

CDN and International News, Latest, Natural Gas, Oil / By

The COP30 climate summit was headed for a showdown on Friday over the future of fossil fuels after hosts Brazil dropped efforts to develop a global plan to shift away from oil, gas and coal from its proposed deal. A draft text for a deal for this year’s U.N. climate summit, released before dawn on …

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Shale Rigs Idle, Layoffs Rise as $60 Oil Tests Resilience of Permian

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Natural Gas, Oil, US News / By

Summary Permian Basin starts to show economic strain as oil prices hover around $60 Trump’s tariffs are pushing costs higher, eating into profitability Local businesses and employment suffer amid industry downturn Reuters) – At the heart of the U.S. shale industry in Texas, oil production is climbing. But you wouldn’t know that if you talked …

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Shale Oil’s Next Revolution Should Worry OPEC – Javier Blas

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By Javier Blas Even after years of technological breakthroughs, the shale industry still leaves most of the oil underground. At best, American drillers siphon away 15% to 10% of what’s potentially available; the rest has remained thousands of feet under the surface. Until now. The next phase of the revolution — call it shale 4.0 …

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Trump Plan Targets Florida, California for Coastal Oil Drilling

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

By Ari Natter The Trump administration is proposing to open new areas off of California, Florida and Alaska to crude drilling as part of a draft blueprint released Thursday that would dramatically expand the sale of oil and natural gas rights. In all, the Interior Department is proposing as many as 34 offshore lease sales …

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Venezuela Approves 15-Year Extension of Russia-Linked Oil Joint Ventures

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By Mayela Armas CARACAS, Nov 20 (Reuters) – Venezuela’s National Assembly on Thursday approved a 15-year extension of the joint ventures between state company PDVSA and a unit of Russia’s Roszarubezhneft that operate two oilfields in the South American country’s western region, according to a session broadcast on TV. The partnerships may continue operating the …

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COMMENTARY: Investors Risk Being Hoodwinked by Grim Energy Transition Vibes – Ron Bousso

Batteries, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Oil, Renewable Energy, Solar, US News, Wind / By

By Ron Bousso Investment in low-carbon energy to reach $2.2 trillion this year Global renewable power capacity is forecast to double by 2030 Trade tensions to nevertheless slow the energy transition LONDON, Nov 20 (Reuters) – Stalled climate negotiations at COP30 and stubbornly high fossil fuel demand reflect the growing market consensus that the energy …

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Chevron CEO Wirth Sees Role in Rebuilding Venezuela Economy

Conventional Energy, Latest, Oil, US News / By

By Kevin Crowley and Annmarie Hordern Chevron Corp., the only major US oil company left in Venezuela, wants to remain in the sanctioned country for the long-term and sees a role in rebuilding its economy when the time is right. “The kinds of swings that you see in places like Venezuela are challenging but we …

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EIA Sees Alaska Crude Oil Production Rising 13% in 2026

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Crude oil production from Alaska is forecast to reach 477,000 barrels per day (bpd) in 2026, the highest since 2018, the U.S. Energy Information Administration (EIA) said in its latest Short-Term Energy Outlook on Wednesday. The EIA said Alaska oil production is expected to rise 13%, or 55,000 bpd, marking the largest annual …

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US Crude Stocks Fall on Higher Demand, Fuel Inventories Rise, EIA Says

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

(Reuters) – U.S. crude stocks fell as refining and export demand rose, while gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday. Crude inventories fell by 3.4 million barrels to 424.2 million barrels in the week ended November 14, the EIA said, compared with analysts’ expectations in a Reuters poll …

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