Brazil’s Petrobras in Talks With US LNG Suppliers for Long-Term Deal, Executive Says

Conventional Energy, Latest, LNG, US News / By

By Marianna Parraga HOUSTON, March 14 (Reuters) – Brazil’s state-run oil firm Petrobras (PETR4.SA) is in talks with U.S. liquefied natural gas (LNG) suppliers for a long-term import deal, a Petrobras executive said. Brazil is Latin America’s largest oil producer, but consumes more gas than it produces and relies on imports to fill the gap. …

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Barclays Cuts 2025 Brent Oil Price Forecast on Soft Demand View

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

March 14 (Reuters) – Barclays on Friday lowered its 2025 Brent oil price forecast by $9 per barrel to $74 per barrel, citing a softer demand outlook amid elevated economic uncertainty. Brent crude futures were trading around $70 a barrel on Friday, after settling 1.5% lower in the previous session. U.S. West Texas Intermediate crude …

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CERAWEEK Texas LNG Aims to Make Final Investment Decision by December

Conventional Energy, Latest, LNG, US News / By

HOUSTON, March 12 (Reuters) – (This March 12 story has been corrected to fix Glenfarne Energy Transition CEO’s name to Brendan Duval from Brian Duval, in paragraph 1) Glenfarne Energy Transition expects to make a final investment decision on its Texas LNG project by December, CEO Brendan Duval said on Wednesday. Glenfarne Energy is developing …

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Wildcatter Harold Hamm Says Shale Needs $80 Oil for Costly Fields

Conventional Energy, Latest, Oil, US News / By

By David Wethe and Alix Steel Harold Hamm, the billionaire wildcatter and a major donor to President Donald Trump, has challenged a claim from the new US energy secretary that domestic oil companies could increase production even at prices as low as $50 a barrel. Hamm’s words represent one the first signs of public push-back …

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AI Leading to Faster, Cheaper Oil Production, Executives Say

Artificial Inteligence, Conventional Energy, Energy Topics & Technology, Latest, LNG, Natural Gas, Oil, Pinned Primary, US News / By

Artificial intelligence is speeding up oil and gas drilling and prompting companies to take a second look at places they had viewed as too difficult or expensive to develop, executives detailed during the CERAWeek conference in Houston. AI took center stage in many sessions at the world’s largest energy gathering. Oil producers are seeking ways …

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