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India-US Spat Over Trade and Oil Threatens Wider Fallout

Conventional Energy, Latest, Oil, US News / By

U.S. President Donald Trump’s tirade against India over trade and Russian oil purchases threatens to undo two decades of diplomatic progress, analysts and officials say, and could derail other areas of cooperation as domestic political pressures drive both sides to harden their stances. India’s opposition parties and the general public have urged Prime Minister Narendra …

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Explainer: Where Could India Look to Replace Russian Oil?

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

(Reuters) – India, which gets more than a third of its oil imports from Russia, is likely to turn to supplies from the Middle East and Africa and other regions if it is forced to cut Russian imports due to possible U.S. penalties. WHY IS INDIA IMPORTING RUSSIAN OIL? India turned to purchasing Russian oil sold …

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NRG Energy Beats Quarterly Profit Estimates, Inks 295 MW Deal to Power Data Centers

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

By Reuters Reuters) – NRG Energy  beat Wall Street estimates for second-quarter profit on Wednesday, as the utility got a boost from surging power demand and improved retail margins in its Texas unit. The company also entered into a 295 megawatt long-term retail deal to power data centers constructed on two NRG-owned sites in Texas, with …

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Understanding Alberta’s Mature Asset Strategy Recommendations

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

Proposed ways to generate wealth while cleaning up inactive oil and gas sites By Deborah Jaremko   Follow CEC on LinkedIn  CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Alberta has a new set of recommendations to address the growing number of oil and gas production and infrastructure assets in the province that …

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Oil Rebounds on Trump Threats on Russian Crude Buyers

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

Summary Oil prices rebound amid supply disruption concerns API crude draw data supporting prices, analysts say (Reuters) – Oil prices rebounded from the previous session’s five-week low on Wednesday, as traders focused on U.S. President Donald Trump threatening India with higher tariffs over its Russian crude purchases, and a larger-than-expected U.S. crude draw. Brent crude …

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High-Grade US Firms Finance New M&A With More Equity and Cash, Less Debt

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

Top-rated U.S. companies have financed their acquisitions mostly with equity and cash instead of debt this year, and could continue doing so even as M&A activity and hopes of interest rate cuts rise, bankers and investors said. High debt costs and worries of credit-rating downgrades for taking on debt made funding acquisitions with cash and …

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Chevron, Valero in Talks to Reactivate Supply Agreement on Venezuelan Oil to US, Sources Say

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

Chevron and Valero Energy are working to resume supplies of Venezuelan crude to Valero’s U.S. refineries under an agreement that was on pause, three sources close to the preparations said on Tuesday, following a new license granted to the U.S. oil major. Washington in late July issued a new restricted authorization for Chevron to operate, …

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Trump Says Drop in Energy Prices Will Prompt Putin to ‘Stop Killing People’

CDN and International News, Latest, Oil / By

U.S. President Donald Trump on Tuesday said declining energy prices could pressure Russian President Vladimir Putin to halt the war in Ukraine. “If energy goes down enough, Putin is going to stop killing people,” Trump said in an interview on CNBC. “If you get energy down, another $10 a barrel, he’s going to have no …

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Trump Says He Will Raise tariffs on India Soon Over its Russian Oil Purchases

Conventional Energy, Latest, Oil, US News / By

U.S. President Donald Trump on Tuesday said he would increase the tariff charged on imports from India from the current rate of 25% “very substantially” over the next 24 hours, given India’s continued purchases of Russian oil. “They’re fueling the war machine, and if they’re going to do that, then I’m not going to be …

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Record Production at Exxon and Chevron Humbles European Rivals: Ron Bousso 

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

*Exxon, Chevron oil and gas production hit record in Q2 *Shell production drops to lowest in at least 20 years, BP’s drops from year ago *European majors hope to close a valuation gap with US rivals By Ron Bousso LONDON, Aug 5 – When playing catch up, picking up the pace may not be enough. One also has …

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