U.S. President Donald Trump’s special envoy, Steve Witkoff, and son-in-law Jared Kushner were due to meet Russian President Vladimir Putin on Tuesday for talks on a possible way to end the war in Ukraine. Trump has said he wants to end EuropeR…
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Witkoff and Kushner to meet Putin to discuss ending war in Ukraine
U.S. President Donald Trump’s special envoy, Steve Witkoff, and son-in-law Jared Kushner were due to meet Russian President Vladimir Putin on Tuesday for talks on a possible way to end the war in Ukraine. Trump has said he wants to end EuropeR…
Read moreEurope’s drilling comeback challenges US energy pledges: Bousso
European countries are loosening their strict opposition to new oil and gas drilling, reversing years of climate-driven resistance to fossil fuels as governments seek to reduce a heavy reliance on costly energy imports, including from the U.S. The chan…
Read moreEquinor, Shell Complete UK North Sea Joint Venture Adura
Equinor and Shell have officially completed a transaction to combine their United Kingdom (UK) offshore oil and natural gas operations into a new joint venture company, Adura, becoming the UK North Sea’s largest independent producer. According to a press release by Equinor, Adura is jointly owned by Shell and Equinor, each holding a 50% stake. […]
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Read moreVenture Global accuses Shell of campaign to harm LNG business, FT reports
U.S. LNG producer Venture Global accused Shell of waging a “three-year campaign” to damage its business after Shell appealed an arbitration loss, according to a staff note seen by the Financial Times on Wednesday. Reuters could not immediat…
Read moreChevron joins race to explore potential purchase of Lukoil assets, sources say
U.S. oil major Chevron is studying options to buy global assets of sanctioned Russian oil firm Lukoil, five sources familiar with the process told Reuters on Monday. The U.S. Treasury gave clearance last week to potential buyers to talk to Lukoil about…
Read moreShell ordered to pay Venture Global’s legal fees after arbitration loss
Venture Global said on Friday that following Shell’s recent loss in arbitration over liquefied natural gas (LNG) supply claims, an International Chamber of Commerce panel has issued an award ordering Shell to pay its legal fees. “Venture Global l…
Read moreSaudi Aramco to sign US LNG agreements during crown prince’s visit to Washington, sources say
Saudi Aramco is set to sign two U.S. liquefied natural gas supply deals with Woodside Energy and Commonwealth LNG when Saudi Arabia’s Crown Prince Mohammed bin Salman visits Washington next week, sources familiar with the matter told Reuters. The…
Read moreWhy big oil is still gushing profits despite low oil prices
(Oil Price) – Oil markets have been volatile over the past couple of weeks, driven by a series of geopolitical […]
Read moreCanada names proposed Ksi Lisims LNG project for fast-tracking
Canada said on Thursday it will add the proposed Ksi Lisims LNG facility to its major projects list for fast-tracking, a designation the company behind the project said makes it more likely to proceed. Prime Minister Mark Carney made the announcement i…
Read moreLukoil’s foreign assets attract rush of buyers
From Egypt to Kazakhstan, the foreign assets of Russian oil major Lukoil are attracting potential bidders as time runs out to clear deals before U.S. authorities enforce sanctions. The U.S. has hit Lukoil with sanctions as part of its effort to bring t…
Read moreChevron targets 10% annual cash flow growth through 2030, higher cost cutting
Chevron said on Wednesday that it plans to grow free cash flow by more than 10% annually through 2030 and increase oil and gas production, while further reducing costs and capital expenditure. The fresh guidance announced on Chevron’s investor da…
Read moreShell takes Venture Global LNG arbitration loss to NY Supreme Court
(Oil Price)– Shell has challenged an arbitration ruling against it in the long-running dispute with Venture Global over contracted LNG […]
Read moreNigeria eyes 1.7 billion barrels in new oil supply
(Oil Price)– Nigeria could tap 1.7 billion barrels in new oil supply as well as 7.7 trillion cu ft of […]
Read moreUS natgas futures extend rally to eight-month high on bets of fresh December cold, firm power demand
U.S. natural gas futures rose 5% on Tuesday, extending gains to an eight-month high, as traders bet on another round of cold weather in December and firmer power demand, even as temperatures are expected to moderate next week. Front-month gas futures f…
Read moreShell challenges Venture Global arbitration decision in New York Supreme Court
Shell has challenged its defeat in an arbitration case against U.S. liquefied natural gas producer Venture Global in the New York Supreme Court, according to a legal filing seen by Reuters, weeks after rival BP won a similar $1 billion-plus arbitration…
Read moreShell abandons two major UK offshore wind projects
(Oil Price) – Shell has exited two offshore wind power projects in Scotland as the world’s top oil and gas firms […]
Read moreEnbridge Reports Strong Third Quarter Results, Announces Accretive Investments and Reaffirms 2025 Financial Guidance
CALGARY, AB, Nov. 7, 2025 /CNW/ – Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported third quarter 2025 financial results, reaffirmed its 2025 financial guidance and provided a quarterly business update. Highlights (All…
Read moreCanadian Natural Resources narrowly beats quarterly profit estimates on record production
Canadian Natural Resources on Thursday posted quarterly earnings that narrowly beat analysts’ estimates, as record oil and gas production helped offset a decline in crude prices. The country’s oil sands producers, including Canadian Natural…
Read moreUS LNG producers ink near record contract volumes, even as fees climb
U.S. liquefied natural gas developers are on track this year to ink the second-highest annual number of binding sales contracts, despite industry concerns about increasing capacity and rising costs. In the first 10 months of 2025, U.S. LNG producers si…
Read moreCanadian Natural Resources Limited Announces 2025 Third Quarter Results
Calgary, Alberta–(Newsfile Corp. – November 6, 2025) – Canadian Natural’s (TSX: CNQ) (NYSE: CNQ) President, Scott Stauth, commented on the Company’s third quarter results, “Operations were strong in Q3/25 as we achie…
Read moreHow BP won its $1 billion-plus case against Venture Global
Oil major BP won its $1 billion-plus arbitration case against liquefied natural gas producer Venture Global with an argument of unfair behaviour by the U.S. company, said five sources close to the matter, shedding light on strategy that could be used b…
Read moreCanadian Natural raises production outlook after taking full control of oilsands mine
CALGARY – Oil and gas giant Canadian Natural Resources Ltd. has boosted its production forecast for the year after it gained full ownership of a major oilsands mine through an asset-swap deal with Shell Canada Ltd. The deal announced in January s…
Read moreBig Oil gets big boost from escalating economic war on Russia: Bousso
Top Western oil companies are enjoying a windfall from the expanding attacks on Russia’s oil industry – both literal and economic – that have boosted global refining profit margins and mitigated concerns over a looming supply glut. Waves of Ukrai…
Read moreCanadian Natural Resources Limited Announces Closing of AOSP Swap Transaction and Updated 2025 Guidance
Calgary, Alberta–(Newsfile Corp. – November 3, 2025) – Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) (“Canadian Natural” or the “Company”) announces it has closed the asset swap with Shell Canada Li…
Read moreAngola to sign exclusive oil exploration agreement with Shell, government says
Angola’s national oil and gas agency, ANPG, will sign an exclusive negotiation agreement with oil major Shell to explore and develop Blocks 19, 34, 35 as well as ultra-deep water blocks, it said in a statement late on Thursday. The signing ceremo…
Read moreShell earnings rise on record deepwater output, LNG strength
(World Oil)– Shell plc reported strong third-quarter 2025 results, underpinned by record production from its deepwater assets in Brazil and […]
Read moreShell to start up second unit at LNG Canada later this quarter, CFO says
Shell expects to start up its second liquefied natural gas processing unit at its LNG Canada facility later this quarter, Chief Financial Officer Sinead Gorman said on Thursday. LNG Canada is the first major LNG export facility in Canada, and the first…
Read moreCanada advances energy innovation with major investments in carbon technologies and AI solutions
TORONTO, Oct. 29, 2025 /CNW/ – Canada is at a pivotal moment in history. Faced with global volatility, a changing environment and an affordability crisis, it is clear that the conventional ways of doing business no longer serve us. Canada must un…
Read moreBig Oil earnings expected to edge up as analysts eye 2026 outlook
Big Oil may see marginally higher oil prices and stronger refining results boost third quarter results after declining earnings over the past year, but some analysts are more interested in how global oil majors set the stage for 2026 when they begin re…
Read moreNobel Prize nods to Alberta innovation in carbon capture
‘We are excited to bring this made-in-Canada innovation to the world’ By Grady Semmens on October 28, 2025, 1:38 pm MDT Dr. George Shimizu in his lab at the University of Calgary. His research group developed CALF-20, a compound recognized in connecti…
Read moreWill US sanctions on Russian oil work? It depends on how success is measured: Russell
A common view in the crude oil market is that Western sanctions against Russia’s exports are fairly pointless as the market quickly devises ways to keep cargoes flowing. This means that any new measures imposed only result in a fleeting boost to …
Read moreGlobal energy layoffs deepen in 2025 as crude prices weaken, M&A deals surge
Global energy majors and related companies plan to slash more jobs in 2025, after cutting thousands last year, as the industry navigates weaker crude oil prices and a rapid consolidation. Benchmark Brent crude futures are down 11.6% year-to-date, impac…
Read moreColder outlook, robust LNG flows lift U.S. natgas to two-week high
U.S. natural gas futures hit a two-week high on Tuesday, underpinned by sharply colder 1–2 week forecasts that are lifting heating demand expectations, a month-to-date dip in output and strong LNG feedgas demand. Front-month gas futures for November de…
Read moreVenture Global ready to introduce natural gas into final part of Plaquemines LNG plant, filing shows
Venture Global has asked federal regulators for permission to introduce natural gas by Thursday into the final block of its Plaquemines LNG plant, according to a regulatory filing on Monday. If the Federal Energy Regulatory Commission grants the permis…
Read moreNIGERIA: Shell Invests in HI Offshore Gas Development
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, together with Sunlink Energies and Resources Limited, have taken a final investment decision (FID) on the HI … Read More
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Oil market braces for contango and shale slowdown
(Oil Price)– The prospect of a contango is casting a shadow over oil markets, with the entire 2026 WTI futures […]
Read moreSaudi Aramco can sustain 12 million bpd maximum oil capacity for a year, CEO says
Saudi Aramco can sustain crude oil production at 12 million barrels per day (bpd) for a year without incurring additional costs, Chief Executive Amin Nasser said on Monday. Saudi Arabia holds a substantial share of the world’s spare oil capacity …
Read moreVenture Global’s $1 billion arbitration loss gives booming US LNG sector black eye: Bousso
Venture Global’s loss in a massive arbitration case with BP is a black eye for the wider U.S. LNG industry, whose breakneck growth looks set to contribute to a global supply glut and far more headaches for investors. The U.S. LNG producer, which …
Read moreVenture Global shares slide after BP wins arbitration case over LNG cargoes
Venture Global shares slumped 17% in premarket trading on Friday after BP won its arbitration case against the U.S. supplier over its failure to deliver liquefied natural gas under a long-term supply deal that was due to start in late 2022. The Interna…
Read moreHow Ukraine’s European allies fuel Russia’s war economy
European nations, including France, are among the staunchest supporters of Ukraine in its fight against Russia. Several have also stepped up their imports of Russian energy which pump billions of euros into Moscow’s wartime economy. Well into the…
Read moreColonial Pipeline to cut jobs, sources say
The Colonial Pipeline Company, operator of the largest U.S. fuel transportation system, informed employees this week it is planning to cut some jobs, according to two sources familiar with the matter and a company statement. “We shared with our e…
Read moreBP wins arbitration case against Venture Global over LNG cargoes
BP has won its arbitration case against Venture Global over the U.S. supplier’s failure to deliver liquefied natural gas under a long-term contract that was due to start in late 2022, Venture Global said on Thursday. The International Chamber of …
Read moreShell’s Q3 profit soars on strong trading and production
(Oil Price) – Strong gas trading, higher upstream production and liquefaction volumes, and increased refining margins are expected to boost […]
Read moreChevron shakes up exploration with new hire from TotalEnergies
Chevron on Tuesday named a new head of global exploration as CEO Mike Wirth works to improve the company’s track record in discovering new sources of oil and gas. Kevin McLachlan will become vice president of exploration effective Nov. 1, succeed…
Read moreShell Forecasts Higher Upstream Output in Q3 2025
Shell projects upstream production of 1.79 to 1.89 million barrels of oil equivalent per day (mmboe/d) in the third quarter (Q3) of 2025, up from 1.73 mmboe/d recorded in the second quarter (Q2) 2025, according to a statement by the company. The company also expects liquefied natural gas (LNG) volumes to reach 7 to 7.4 […]
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Read moreOil price fall turns up the heat on Big Oil’s bloated payouts
(Corrects dateline to Oct 7, not Oct 6. No change to text) *Current payouts unsustainable with oil below $80 a barrel *Crude oil prices expected to continue falling *Companies under pressure to cut debt *Reduced buybacks and job cuts announced By Ameri…
Read moreShell’s LNG Canada project nears first Train 2 cargo amid production ramp-up
(World Oil) – Shell’s LNG Canada is currently on track to load its first liquefied natural gas cargo from the facility’s […]
Read moreQatarEnergy Acquires 27% Interest in Egypt’s North Cleopatra Offshore Block
QatarEnergy has signed a deal with British Shell to acquire a 27% participating interest in the North Cleopatra block offshore Egypt. Accordingly, Shell will retain a 36% participating interest as operator. While other companies, US Chevron and Tharwa Petroleum Company, hold participating interests of 27% and 10% respectively. “We are pleased to secure this additional […]
The post QatarEnergy Acquires 27% Interest in Egypt’s North Cleopatra Offshore Block first appeared on Egypt Oil & Gas.
Read moreShell-led LNG Canada prepares to start Train 2
(BOE Report)- Led LNG Canada has begun the process of starting up its second 6.5 million tonnes per annum (mtpa) […]
Read moreShell-led LNG Canada prepares to start Train 2
Shell-led LNG Canada has begun the process of starting up its second 6.5 million tonnes per annum (mtpa) liquefied natural gas processing unit known as Train 2 in Kitimat, British Columbia, a company spokesperson told Reuters on Thursday. The startup o…
Read moreBadawi, Shell Discuss Boosting Natural Gas Investments in Egypt
Karim Badawi, the Minister of Petroleum and Mineral Resources, met with Dalia El Gabry, Country Chair of Shell Egypt, to discuss the company’s upcoming investment plans in natural gas exploration and production from its concession areas in the Mediterranean. Attended by Mahmoud Abdel Hamid, Egyptian Natural Gas Holding Company (EGAS) Chairman, the discussion focused on […]
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Read moreLNG is Shell’s top contribution to energy industry over next decade, CEO says
(BOE Report)– Liquefied natural gas (LNG) will be European oil major Shell’s biggest contribution to the energy industry over the […]
Read moreMidOcean, backed by EIG and Aramco, buys into Petronas stake in LNG Canada
Liquefied natural gas company MidOcean, backed by EIG and Saudi Aramco, has agreed to buy a fifth of the Petronas venture that holds a 25% stake in Shell-led LNG Canada, MidOcean said on Tuesday. The deal also includes a fifth of Malaysian state energy…
Read moreEnergy Briefing AM – What Moved Overnight
Morning Oil & Gas Briefing September 30, 2025 What Moved Overnight WTI crude oil: $62.11/bbl (−2.1%) – Goldman Sachs on Tuesday said that it expects OPEC+ to raise oil production quotas by 140,000 barrels per day for November, ahead of the gr…
Read moreBig Oil is long-term bullish despite short-term gloom: Bousso
While energy companies are retrenching in the face of a bleak near-term outlook for oil and gas, their investment plans suggest they believe the environment will shift dramatically by the end of the decade. Energy companies’ spending plans are ty…
Read moreLNG is Shell’s top contribution to energy industry over next decade, CEO says
Liquefied natural gas (LNG) will be European oil major Shell’s biggest contribution to the energy industry over the next decade in terms of value and as it seeks to cut emissions from fossil fuel production, CEO Wael Sawan said on Monday. Sawan h…
Read moreLarge mineral rights transfer confirms identity of company that spent $45 MM on Montney rights at August 9th, 2023 Alberta Crown Land Sale – StackDX Intel
Back on August 9th, 2023, Alberta industry watchers were fascinated by a massive parcel of Montney rights that sold at the Alberta Crown Land Sale. 8,192 hectares (32 sections) of mineral rights fetched a massive $45.3 MM, one of largest parcels in man…
Read moreBP greenlights $5 billion Tiber-Guadalupe drilling project in US Gulf
British oil major BP said on Monday it will move ahead with a $5 billion offshore drilling project in the U.S. Gulf of Mexico called Tiber-Guadalupe, marking another step in the company’s strategy shift to refocus on its core oil and gas business…
Read moreBP postpones oil demand peak prediction to 2030 from 2025
BP said on Thursday it expects global oil demand to grow until 2030, five years later than its forecast a year ago, stressing slowed efforts to increase energy efficiency. The oil major’s latest Energy Outlook, an annual study of energy trends th…
Read moreLNG Canada: A Test Case for Canada’s Nation-Building Agenda
When Ottawa unveiled its list of fast-tracked “nation-building” projects earlier this month, LNG Canada Phase 2 stood out. The Kitimat-based expansion project, led by Shell and international partners, is now being positioned not just as an energy inves…
Read moreIran sanctions snapback offers Chinese oil buyers a lucrative boost: Bousso
The looming revival of international sanctions on Iran is unlikely to curtail Tehran’s vital oil exports but could benefit Chinese refiners, offering them access to a larger share of discounted Iranian crude. Britain, France, and Germany launched a 30-…
Read moreExxon signs initial agreement with Rosneft to chart possible path to recoup Russian losses, sources say
U.S. oil major Exxon Mobil and Russian state-run energy giant Rosneft have signed a non-binding initial agreement to help Exxon recoup a $4.6 billion write-down it made on its activities in Russia in 2022 following Moscow’s invasion of Ukraine, a…
Read moreChevron plots LNG growth in Europe with regasification terminal talks, executive says
U.S. oil major Chevron is in early-stage talks to explore opportunities in European regasification terminals, as part of its strategy to expand its global presence in the liquefied natural gas market, a senior executive told Reuters. The U.S. has becom…
Read moreHow Canada’s Haisla became the world’s first Indigenous LNG owners
When Maureen Nyce, the new chief of the Haisla First Nation, donned a hard hat and safety vest for an August visit to the site of the Cedar LNG pipeline, she did so not as a visiting dignitary or cultural emissary – but as an owner. The Haisla &#…
Read moreCanada, BC government approve Ksi Lisims LNG project on Pacific coast
Canada’s federal government and the province of British Columbia have approved the Ksi Lisims LNG project, a proposed liquefied natural gas export terminal to be built on the country’s northwest Pacific coast. The Canadian government under …
Read moreBP’s Brazil oil discovery signals receding fears of stranded assets: Bousso
BP’s recent discovery of a giant oilfield offshore Brazil has reignited investor enthusiasm, echoing the aggressive exploration era two decades ago when companies were thirsty for resources amid fears the world was running out of oil. The announc…
Read moreSão Tomé and Príncipe: Petrobras announces participation in exploratory Block 4
Petróleo Brasileiro S.A. – Petrobras informs that it has concluded the acquisition of a 27.5% stake in Block 4, located in São Tomé and Príncipe, Africa. With this acquisition, Petrobras … Read More
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Alberta premier praises first batch of national-interest projects
CALGARY – Energy industry players and Alberta’s premier say they see promising signs in the first batch of projects announced under Ottawa’s new fast-tracked approval process, but environmentalists warn the inclusion of liquefied natu…
Read moreCanada names gas plant, port, mines as major projects to be sped up
Canada named five major projects on Thursday it said would be eligible for fast-track approvals as part of a campaign to diversify the economy and reduce reliance on the United States as tariffs bite. The government of Mark Carney, frustrated by a comp…
Read moreEurope succumbs to US ‘energy dominance’ at its own risk: Bousso
It may appear quite audacious for the world’s largest natural gas producer to demand that its biggest market stop buying from a competitor. But that’s exactly what unfolded this week at the global gas industry’s annual gathering in Milan. S…
Read moreChevron plots LNG growth in Europe with regasification terminal talks, executive says
U.S. oil major Chevron is in early-stage talks to explore opportunities in European regasification terminals, as part of its strategy to expand its global presence in the liquefied natural gas market, a senior executive told Reuters. The U.S. has becom…
Read moreAsian demand for US LNG unshaken by China-Russia pipeline plans, says Venture Global CEO
Recent gas agreements between China and Russia are unlikely to weaken Asian demand for U.S. liquefied natural gas (LNG), according to Michael Sabel, CEO of Venture Global LNG, the second-largest U.S. exporter of the fuel. China, the world’s large…
Read more‘I fault myself for not paying more attention,’ Conoco CEO tells employees facing deep job cuts
ConocoPhillips CEO Ryan Lance told employees on Thursday that one of the reasons he had to cut up to 25% of the workforce was because the U.S. oil and gas producer had become less competitive as it focused on swallowing smaller rivals. Lance was speaki…
Read moreShell returns to Angola after two-decade absence
(World Oil)– Shell’s return to Angola after a 20-year hiatus highlights a shift in sentiment toward the nation’s oil sector, […]
Read moreGlobal oil and gas company layoffs in 2024 and 2025
International oil and gas companies have announced they would cut tens of thousands of jobs in 2024 and 2025 due to lower oil prices and as they consolidate after the biggest wave of mergers and acquisitions in the industry for decades. Benchmark Brent…
Read moreShell scraps construction of biofuels plant in Rotterdam
Oil firm, which paused project in 2024, will not restart work because facility deemed ‘insufficiently competitive’Shell has axed the construction of its biofuels plant in the Netherlands, ending what would have been one of the biggest converters of was…
Read moreUS records highest ever LNG exports in August
U.S. exports of liquefied natural gas (LNG) reached an all-time high in August as plants exited planned maintenance programs and Venture Global’s Plaquemines facility continued to increase output, preliminary data from financial firm LSEG show. A…
Read moreVenture Global may soon produce LNG from all blocks at Plaquemines, filings show
Venture Global could soon be producing liquefied natural gas from all blocks at its 27.2 million metric tons per annum Plaquemines facility, regulatory filings show. The company received permission on Friday to introduce nitrogen at Block 15, a precurs…
Read moreCanada’s LNG draws German interest for market swaps, minister says
German companies are looking to buy and swap Canadian LNG cargoes shipped off the Pacific coast to help meet European demand, Canada’s Energy and Natural Resources Minister Tim Hodgson said on Wednesday. Canada, the world’s fifth-largest na…
Read moreTrump tariffs force much-needed petrochemicals contraction: Bousso
U.S. President Donald Trump’s trade wars are nudging the global plastics industry toward a painful but necessary restructuring to address acute overcapacity that has kept the industry’s profits in a prolonged slump. Demand for plastics – from pac…
Read moreTotalEnergies, Partners Send First CO2 Vessel to Norway’s Northern Lights’ Facilities
TotalEnergies, along with its partners Equinor and Shell, has successfully sent the first CO2 volumes by a vessel from Heidelberg Materials’ cement factory in Brevik to Northern Lights, the world’s first cross-border CO2 transport and storage facility, in Øygarden, Norway. In a statement, TotalEnergies said that these volumes were injected 2,600 meters below the seabed […]
The post TotalEnergies, Partners Send First CO2 Vessel to Norway’s Northern Lights’ Facilities first appeared on Egypt Oil & Gas.
Read moreVenture Global wins arbitration case against Shell over contracted LNG cargoes
(BOE Report)– Venture Global has won a legal battle against Shell over its failure to deliver liquefied natural gas under […]
Read moreVenture Global LNG expects to win remaining arbitration cases against major energy companies
Liquefied natural gas producer Venture Global expects to win its remaining arbitration cases against major energy companies following its victory against Shell, CEO Mike Sabel said on Wednesday. The Arlington-based company’s stock rose 8% at midd…
Read moreVenture Global wins arbitration case against Shell over contracted LNG cargoes
Venture Global has won a legal battle against Shell over its failure to deliver liquefied natural gas under long-term contracts starting in 2023, the U.S. LNG major said on Tuesday. The company’s stock price rose almost 6% in after hour trade as …
Read moreTrinidad awards deepwater blocks to Exxon, could see $21.7 billion investment, minister says
Exxon Mobil could invest as much as $21.7 billion in Trinidad and Tobago if the U.S. energy major finds reserves in a large deepwater area it was awarded on Tuesday to explore for oil and gas in the Caribbean country, Energy Minister Roodal Moonilal sa…
Read moreThe airline industry’s dirty secret: Clean jet fuel failures
In 2019, Scott Kirby, the chief executive of United Airlines, hailed its new contract with green jet fuel producer World Energy as an example for the aviation industry to follow in its drive to cut emissions. Six years later, that collaboration is dead…
Read moreRecord production at Exxon and Chevron humbles European rivals: Bousso
(BOE Report) – LONDON, Aug 5 – When playing catch up, picking up the pace may not be enough. One also […]
Read moreRecord production at Exxon and Chevron humbles European rivals: Bousso
(The opinions expressed here are those of the author, a columnist for Reuters) *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…
Read moreBP vows to do better for investors as profit tops forecast
BP will review its portfolio of assets and consider more cost cuts as part of a drive to do better for shareholders, the oil major said on Tuesday, as it reported a second-quarter profit that easily beat expectations. Under pressure to improve profitab…
Read moreHow Moscow might respond if Trump stops Russian oil to India
U.S. President Donald Trump’s demand on India to halt Russian oil imports could threaten billions in Russian revenues, prompt Moscow to retaliate by stopping a major U.S.-led oil pipeline and potentially lead to a new global supply crisis. India,…
Read moreExxonMobil Announces Second-Quarter 2025 Results
Delivered industry-leading results, earnings of $7.1 billion and cash flow from operations of $11.5 billion1 Returned industry-leading $9.2 billion to shareholders, on pace to purchase $20 billion in shares this year2 Repurchased approximately 40% of s…
Read moreFluor Joint Venture Awarded Front End Engineering and Design for Proposed Second Phase of LNG Canada Facility in British Columbia
IRVING, Texas–(BUSINESS WIRE)–#EnergySolutions—Fluor Corporation (NYSE: FLR) announced today that its Joint Venture (JV) with JGC Corporation has been awarded the contract to update the Front End Engineering and Design (FEED) for a pr…
Read moreShell Posts $11.9bn in Cash Flows in the 1Q2025
Shell, the British oil giant, recorded $11.937 billion in Cash Flows From Operations (CFFO) in the first quarter of 2025, compared $9.281 billion in the same quarter of 2024,” reflecting strong operational performance in a less favourable macro environment,” according to a Shell statement. Meanwhile, the company’s adjusted net profit showed a 22 per cent […]
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Read moreExxon, Chevron profits to drop to lowest point since pandemic, analysts say
Top U.S. oil producers Exxon Mobil and Chevron are expected to report their lowest earnings in four years when they release second-quarter results on Friday, as weaker oil and gas prices slashed revenue. The April-June quarter covered a volatile period…
Read moreShell CFO says LNG Canada is loading one cargo a week
Shell-led LNG Canada is loading about one cargo a week, Shell’s finance chief Sinead Gorman told reporters on Thursday after Reuters reported technical problems at Canada’s first major liquefied natural gas export project. A spokesperson fo…
Read moreShell-led LNG Canada faces problems as it ramps up production, sources say
Shell-led LNG Canada is experiencing technical problems as it ramps up production at its liquefied natural gas plant at Kitimat, with one LNG tanker diverting away from the facility without the superchilled fuel in recent days, according to four source…
Read moreBadawi, Shell Review Gas Investments in Egypt
Karim Badawi, the Minister of Petroleum and Mineral Resources, met with a high-level Shell Global delegation to discuss the latest developments in Shell’s natural gas investments in Egypt, particularly in the West Delta Deep Marine (WDDM) concession area. The meeting followed up on the results of Phases 10 and 11 of the gas production project, […]
The post Badawi, Shell Review Gas Investments in Egypt first appeared on Egypt Oil & Gas.
Read moreConverging Exxon and Chevron operations could spur next mega-merger: Bousso
Exxon Mobil and Chevron’s recent major acquisitions raise a provocative question: does the U.S. still need two energy titans, or might it be more efficient for the two to join forces? An $800 billion combination would certainly evoke memories of …
Read moreShell invests in Mina West Gas Development in Egypt’s Mediterranean
BG International Limited, an affiliate of Shell plc (Shell), has made a final investment decision to develop the Mina West gas discovery in Egypt’s Mediterranean Sea. Accordingly, Shell (holding 60% stake) will operate the field alongside partner, KUFPEC Egypt Limited (KUFPEC) (holding 40%), working in close collaboration with the Egyptian Natural Gas Holding Company (EGAS). […]
The post Shell invests in Mina West Gas Development in Egypt’s Mediterranean first appeared on Egypt Oil & Gas.
Read moreEquinor Q2 core profit down 13% on weaker oil price
Equinor’s second-quarter profit fell as expected by 13% from a year earlier, its earnings report showed on Wednesday, as declining oil prices outweighed a rise in the price of gas. The Norwegian energy group’s adjusted earnings before tax f…
Read moreGlobal oil and gas emissions standard put on pause after Shell, others walk away, FT says
Shell and other leading energy groups have abandoned a six-year-long attempt to define a net zero emissions strategy after being told that such a standard would require them to stop developing new oil and gas fields, the Financial Times reported on Tue…
Read moreGlobal investment in fusion energy rises the most since 2022
Global fusion energy investment grew by $2.64 billion in the year since last July, an industry group said in an annual industry survey on Monday, but companies said they need much more money to take the industry commercial. The investment rise took pla…
Read moreBiggest oil and gas sector deals since start of the century
U.S. oil and gas major Chevron completed its $53 billion acquisition of Hess on Friday, after it prevailed in a landmark legal battle against larger rival Exxon Mobil to gain access to the biggest oil discovery in decades. Chevron’s acquisition o…
Read moreBrazilian oil could find new destinations in the face of Trump’s tariffs
Brazil has logistical and commercial flexibility to preserve the competitiveness of its oil on the international market if the 50% tariff announced by U.S. President Donald Trump on Wednesday comes into effect on August 1, experts told Reuters. Oil is …
Read moreLNG Canada’s start-up yet to lift gas prices amid supply glut
Last month’s start-up of LNG Canada, the country’s first large-scale liquefied natural gas export facility, has failed to lift Western Canadian natural gas prices as quickly as some market participants and observers expected, due to a persi…
Read morebp, Shell sign deals for Libya exploration and redevelopment
(World Oil)– bp Plc and Shell Plc signed agreements with Libya’s National Oil Corp (NOC) to study new opportunities, joining […]
Read moreExxon expects $1.5 billion earnings drop from lower oil, gas prices
(World Oil)– ExxonMobil expects lower oil and gas prices to reduce the company’s earnings by about $1.5 billion as a […]
Read moreCanada maps out widening strait to LNG riches
(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.) By Pranav Kiran TORONTO, July 8 (Reuters Breakingviews) – Canada is ready to ride the energy-security wave. U.S. attacks on Iran and sabotaged pipelines in the…
Read moreVenture Global cashes in on exports from Plaquemines LNG plant, SEC filing shows
Venture Global exported more liquefied natural gas (LNG) cargoes from its Plaquemines export facility in Louisiana and earned more than double in fees compared with its other U.S. plant, a company filing showed on Monday. The LNG company exported 51 ca…
Read moreVenture Global inks 20 year LNG deal with Petronas
U.S. liquefied natural gas (LNG) exporter Venture Global Inc announced on Thursday that Petronas has agreed to buy 1 million metric tons of LNG from its CP2 project, its first new CP2 customer in two years. A mere startup three years ago, Venture Globa…
Read moreYPF turnover ruling in US casts shadow on Argentina’s shale, FX plans
A dramatic ruling by a U.S. court ordering Argentina to hand over the 51% stake it holds in state energy firm YPF has cast a shadow over the country’s plans for its huge Vaca Muerta shale formation and hopes to return to global markets. U.S. Dist…
Read moreFluor Celebrates LNG Canada’s First Cargo Export
Milestone Positions Canada as Major Exporter of Liquefied Natural Gas IRVING, Texas & CALGARY, Alberta–(BUSINESS WIRE)–#FluorBuildsABetterWorld—Fluor Corporation (NYSE: FLR) announced today that LNG Canada has successfully shipped…
Read moreMitsubishi aims to boost its equity LNG production to 18 million tons/year by early 2030s
Japan’s Mitsubishi Corp aims to raise its liquefied natural gas production through equity holdings to 18 million metric tons per annum by early 2030s from 12.8 million now, via projects such as LNG Canada, a company spokesperson said on Tuesday. …
Read moreFirst cargo leaves LNG Canada
CALGARY, AB, June 30, 2025 /CNW/ — Shell Canada Energy, an affiliate of Shell plc (“Shell”), announced that the first cargo of liquefied natural gas (LNG) has left the LNG Canada facility on the west coast of Canada. At 40%, Shell has…
Read moreFirst Cargo Puts Canada on the Map of LNG Exporting Nations
KITIMAT, BC, June 30, 2025 /CNW/ – LNG Canada has successfully loaded a first cargo of liquefied natural gas that is now destined for global markets, marking the start of operations at Canada’s first large-scale LNG export facility. The new…
Read moreCanada ships first LNG export cargo from Pacific coast
Canada’s first-ever LNG export cargo has been shipped from the country’s Pacific Coast en route to Asia, a spokesperson for the Shell-led LNG Canada said on Monday. The cargo was loaded onto the tanker Gaslog Glasgow from LNG Canada’s…
Read moreLiquefied natural gas being loaded on Asia-bound tanker docked in Kitimat, B.C.
A tanker that is set to carry Canada’s first cargoes of liquefied natural gas across the Pacific to Asian markets is docked at LNG Canada’s berth in Kitimat, B.C. A spokesperson for the project says the GasLog Glasgow is being loaded with L…
Read moreMideast war highlights Egypt’s energy weak spot: Bousso
(The opinions expressed here are those of the author, a columnist for Reuters) *Israel halted gas exports to Egypt after start of war with Iran *Exports were resumed on June 23, but highlight Egypt’s gas supply challenges *Egypt gas production de…
Read moreWhy green investors keep getting carried away
(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.) By Edward Chancellor LONDON, June 26 (Reuters Breakingviews) – To paraphrase Mark Twain, speculative bubbles don’t repeat themselves, but they often rhyme. The…
Read moreShell denies WSJ report speculating bp takeover talks
(World Oil) – (Bloomberg) — Shell Plc denied a Wall Street Journal report that it is in active talks about […]
Read moreUS Dollar plunges as Trump pummels Powell
What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets The U.S. dollar is on course for its worst first half year since 1973, as it plummeted again on Thursday amid rising expectations for Federal Reserve easi…
Read moreShell plc (“Shell”) statement re BP plc (“BP”)
26 June 2025 Shell plc (“Shell”) statement re BP plc (“BP”) In response to recent media speculation Shell wishes to clarify that it has not been actively considering making an offer for BP and confirms it has not made an approach to, and …
Read moreDevil’s in the details: Why BP’s debt may deter a buyer
(BOE Report) – BP has been the subject of takeover talks for several years due to its shares’ relative underperformance, […]
Read moreShell denies it is in takeover talks with BP after WSJ report
Shell denied that it was in talks to buy BP after the Wall Street Journal reported on Wednesday that the oil major was in early discussions over a takeover of its British rival. “No talks are taking place. As we have said many times before, we ar…
Read moreDevil’s in the details: Why BP’s debt may deter a buyer
BP has been the subject of takeover talks for several years due to its shares’ relative underperformance, but analysis of its disclosures shows the British energy firm may not be as cheap as its market valuation would indicate. BP says it has net…
Read moreCanadian dollar weakens for fifth straight day ahead of inflation data
The Canadian dollar weakened to a three-week low against its U.S. counterpart on Monday as investors weighed developments in the Middle East and awaited domestic inflation data that could offer clues on the Bank of Canada policy outlook. The loonie was…
Read moreLNG Canada produces first liquefied natural gas for export, sources say
The Shell-led LNG Canada project has produced the first liquefied natural gas for export from its facility in Kitimat, British Columbia, two people familiar with the startup of the plant told Reuters on Sunday. “At 4 a.m. local time LNG Canada st…
Read moreNamibia considers incentives to expedite TotalEnergies’ offshore development
(World Oil) – Namibia will offer financial incentives to help kick-start the development of oil fields managed by a group led […]
Read moreShell Exercises “Very careful” Strategy with Middle East Shipments
Wael Sawan, the CEO of Shell stated that his company is being “very careful” with its Middle East shipments, due to the Israel-Iran conflict, to ensure not taking unnecessary risks, Reuters reported. The conflict started on June 13, 2025 and escalated rapidly into a full-fledged exchange of missiles, drones, and air force strikes. Sawan also […]
The post Shell Exercises “Very careful” Strategy with Middle East Shipments first appeared on Egypt Oil & Gas.
Read moreLNG Canada Prepares for First Export as Shell Canada Ramps Up Montney Licensing Activity to Multi-Year Highs – StackDX Intel
Canada’s first liquefied natural gas (LNG) export is a highly anticipated milestone, with LNG Canada targeting an imminent start for its Kitimat, British Columbia facility. Each day brings the project closer to this goal, with a recent report fro…
Read moreCanada could produce first LNG by this weekend, sources say
Canada could produce its first ever liquefied natural gas this weekend, from the LNG Canada export facility in Kitimat, British Columbia, two people familiar with the startup of the plant told Reuters on Wednesday. The facility, the first of a handful …
Read moreEnergy majors lock onto Southeast Asia in race for more gas for AI power demand
Energy majors are pouring money into gas exploration and production in Malaysia and Indonesia to meet rising power demand from growing populations and a proliferation of data centres in the region. The wave of investments come as European majors pivot …
Read moreShell CEO says LNG Canada project attractive due to AECO indexation
The Canada Alberta Energy Company (AECO) index, serving as the price benchmark for natural gas in Canada, makes LNG Canada an attractive project, the chief executive of Shell said on Tuesday. As the AECO index is also a lot more contained, there will b…
Read moreHear from ATCO, TC Energy, Alberta Energy Regulator, and more…
Returning for its third year, the Methane Mitigation Canada Summit will convene over 150 oil and gas sustainability and ESG leaders on September 24-25 in Calgary, AB. This closed-door gathering, held in a closed-door setting, comes at a pivotal moment …
Read moreTrump’s energy dominance agenda could be ravaged by Section 899: Bousso
(The opinions expressed here are those of the author, a columnist for Reuters) *Section 899 proposes up to 20% tax on foreign investors’ income *Proposal is part of President Trump’s signature tax bill *The tax could deal a hefty blow to Eu…
Read moreMalaysia energy company Petronas has no plans to leave Canada, executive says
Malaysian energy company Petronas has no plans to leave Canada, the CEO of its Canadian subsidiary said on Tuesday, adding the company is committed to decades of LNG exports off the country’s West Coast. “The rumor that Petronas is exiting …
Read morebp takeover is a longshot due to size and complexity, bankers say
(World Oil) – The chances that a rival oil company will take over bp Plc are slim right now, even as […]
Read moreShell’s decision on Phase 2 of LNG Canada will depend on other opportunities, exec says
Shell Canada’s decision on whether to pursue Phase 2 of LNG Canada will depend on other opportunities that are available, President Stastia West said on Tuesday at a conference. LNG Canada, the country’s first LNG export facility, is a join…
Read morePower Up: OPEC’s May output underwhelms
(Power Up is published on Mondays and Thursdays. Think your friend or colleague should know about us? Forward this newsletter to them. They can also subscribe here.) June 9 – By Liz Hampton U.S. energy markets editor Hello Power Up readers! Oil p…
Read moreShell Approves Aphrodite Gas Project Offshore Trinidad
Shell announced approving the final investment decision on the Aphrodite gas project offshore Trinidad and Tobago, Reuters reported citing the company. The project is set to start production in 2027, with expected peak production of 18,400 barrels of oil equivalent per day (boe/d). Shell owns a 45% stake in Trinidad’s Atlantic LNG plant which has […]
The post Shell Approves Aphrodite Gas Project Offshore Trinidad first appeared on Egypt Oil & Gas.
Read moreEcopetrol will push on with gas drilling in Colombia after Shell exit
(World Oil) – Ecopetrol SA plans to continue drilling for natural gas in Colombian Caribbean waters after partner Shell Plc exited […]
Read moreOPEC Secretary General Announced as Keynote Speaker at Global Energy Show Canada
His Excellency Haitham Al Ghais to keynote on opening day of Canada’s National Energy Event CALGARY, Alberta, May 29, 2025 (GLOBE NEWSWIRE) — dmg events is announcing that OPEC Secretary General, His Excellency Haitham Al Ghais, will make an offi…
Read moreEx-analyst sues Freepoint Commodities, alleges pressure to facilitate insider trading
A former senior analyst at U.S. trading company Freepoint Commodities has sued the company, alleging that top executives pressured employees to facilitate insider trading and retaliated against employees that objected. The lawsuit, filed in a New York …
Read moreShell se va de México; Iconn toma el control
Shell Mobility dejará México y venderá su negocio a Iconn, dueña de Petro Seven. La operación está sujeta a aprobación y se concretará en 2025. Shell Mobility, la división de estaciones de servicio y conveniencia del gigante energético Shell, saldrá del mercado mexicano. La compañía firmó un acuerdo para vender su operación a Iconn, empresa […]
Read moreShell expects more LNG exporters to turn into net importers, drive demand
Energy major Shell expects several traditional LNG exporter nations to turn into net importers, driving demand for the super chilled fuel and potentially easing concerns that the industry faces oversupply from a raft of planned new projects. Cederic Cr…
Read moreKazakhstan sees oil output surpassing plans this year, TASS reports
Kazakhstan will likely exceed its original oil output plans for 2024 of 96.2 million tons due to expansion at the Chevron-led Tengiz field, Energy Minister Erlan Akkenzhenov was quoted as saying, defying pressure from OPEC+. Kazakhstan has cited rising…
Read moreEl Sisi and Shell CEO Talk Enhancing Cooperation
President Abdel Fattah El Sisi held a meeting with Wael Sawan, Shell’s CEO, in the presence of Mostafa Madbouly, Egypt’s Prime Minister; Karim Badawi, Minister of Petroleum and Mineral Resources; and Dalia El Gabry, VP and Country Chair at Shell Egypt. The meeting discussed ways to enhance the existing cooperation between the two sides, where […]
The post El Sisi and Shell CEO Talk Enhancing Cooperation first appeared on Egypt Oil & Gas.
Read moreVenture Global on track to become top US LNG company if CP2 project approved
Venture Global is poised to become the largest U.S. liquefied natural gas company by next year if it proceeds with its CP2 project in Louisiana and continues overproduction at its existing plants, according to LSEG data and company statements. Only a s…
Read moreDespite challenges, major LNG producers push new projects to feed global power demand
Producers are pushing ahead with liquefied natural gas projects, banking on urbanisation and the technology sector to drive global power demand and outweigh such challenges as potential oversupply, rising project costs, and tariff uncertainty. LNG is w…
Read moreLifting US sanctions on Iran could crush China’s ‘teapot’ oil refineries: Bousso
(The opinions expressed here are those of the author, a columnist for Reuters.) *Chinese independent refineries accounted for 77% of Iran 2024 exports *Iranian imports are discounted, offering profits uplift *Removal of sanctions will undermine teapots…
Read moreKazakhstan’s oil output fell 3% in April but stayed above OPEC+ quota
Kazakhstan’s oil production fell 3% from March to 1.82 million barrels per day (bpd) in April, but was again above the country’s OPEC+ quota, according to an industry source familiar with the statistics, and Reuters calculations. Kazakhstan…
Read morePembina Pipeline sees enough demand for potential expansion to Cedar LNG project
CALGARY – The chief executive of Pembina Pipeline Corp. says he believes there will be enough demand to support an expansion to the Cedar LNG project on the B.C. coast as it looks to sign on more shippers for the first phase now in early construc…
Read moreBlacksteel Energy Inc. Announces Amendment to Agreement for the Sale of Girouxville Assets
Calgary, Alberta–(Newsfile Corp. – May 9, 2025) – Blacksteel Energy Inc. (“Blacksteel” or the “Corporation“) is pleased to announce that further to its press release dated March 3, 2025 outlining the sale by th…
Read moreBP shares rise as FT reports more rivals looking at possible takeover
Shares in BP edged higher on Friday after the Financial Times reported a number of rivals have “run the numbers” about a possible takeover of the London-listed oil company. Shell, Chevron, ExxonMobil, TotalEnergies and Adnoc have all looked…
Read moreTenaz Energy Corp. announces Q1 2025 results
CALGARY, ALBERTA–(Newsfile Corp. – May 7, 2025) – Tenaz Energy Corp. (“Tenaz”, “We”, “Our”, “Us” or the “Company”) (TSX: TNZ) is pleased to announce financial and operating r…
Read moreLNG Canada prepares plant for first production in June, sources say
LNG Canada has completed the cooldown of its liquefied natural gas plant in Kitimat, British Columbia, and is preparing for the plant to produce its first LNG in June, two people familiar with the process told Reuters. Cooling an LNG plant to test how …
Read moreShell EVP Gulf of America appointed President, Shell USA
HOUSTON, May 5, 2025 /PRNewswire/ — Gretchen Watkins, President, Shell USA since July 1, 2018, will step down, effective July 31, 2025, after seven years in role. Colette Hirstius, currently Executive Vice President, Gulf of America, will take on…
Read morePower Up: OPEC+ rolls out the barrels
(Power Up is published on Mondays and Thursdays. Think your friend or colleague should know about us? Forward this newsletter to them. They can also subscribe here.) May 5 – By Liz Hampton U.S. energy markets editor Hello Power Up readers! Oil fu…
Read moreThe heart of the US oil boom is slowing
(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.) By Robert Cyran NEW YORK, May 5 (Reuters Breakingviews) – Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jump…
Read moreBig Oil earnings show split in production strategy, shareholder returns
Big Oil’s first-quarter earnings have shown a clear split in how companies are positioned to weather the downturn sparked by a slump in oil prices to a four-year low in April. Investors were focused on whether companies would cut share repurchase…
Read moreShell announces commencement of a share buyback programme
Shell plc Shell announces commencement of a share buyback programme May 2, 2025 Shell plc (the ‘Company’) today announces the commencement of a $3.5 billion share buyback programme covering an aggregate contract term of approximately three …
Read moreExxonMobil Announces First-Quarter 2025 Results
Execution of the company’s strategy drove both industry-leading earnings of $7.7 billion and cash flow from operations of $13.0 billion1 Three-year total shareholder return CAGR of 17% lead industry and large industrials1 Distributed industry-lea…
Read moreTrump administration sues Hawaii, Michigan to block planned climate change lawsuits
President Donald Trump’s administration has sued Hawaii and Michigan to try to stop them from filing lawsuits against major oil companies over the fossil fuel industry’s role in climate change, accusing the Democratic-led states of overreac…
Read moreUS equals monthly LNG export record in April
The United States in April equaled its record for the largest volume of liquefied natural gas exported as capacity increased with the ramp-up of Venture Global’s Plaquemines plant, LSEG data showed. The U.S. is already the world’s largest e…
Read moreActivist investor Elliott pushes for change in BP strategy chief and structure
Activist investor Elliott Investment Management wants oil major BP to replace its strategy chief and create separate units for upstream and downstream activities to improve accountability, a source familiar with the situation said on Friday. Elliott ho…
Read moreGerman gas output falls 2.3% in 2024, oil stable
Germany’s domestic gas production fell 2.3% to 4.2 billion cubic metres in 2024 while oil output was stable at 1.6 million metric tons, industry association BVEG said on Thursday. The BVEG companies achieved a turnover of 2.4 billion euros ($2.7 …
Read moreTenaz Energy Corp. announces expected closing of NOBV acquisition
CALGARY, ALBERTA–(Newsfile Corp. – April 22, 2025) – Tenaz Energy Corp. (“Tenaz”, “Our”, or “We”) (TSX: TNZ) is pleased to announce that it has completed nearly all of the required transition activi…
Read moreConocoPhillips plans layoffs as part of broad restructuring
ConocoPhillips, a top U.S. oil and gas producer, plans to cut staff, the company said on Tuesday, amid a broad push to rein in costs and streamline operations after its $23 billion buyout of rival Marathon Oil. The job cuts are the latest sign of pain …
Read moreElliott pushes BP for 40% boost in free cash flow via spending cuts, FT reports
Activist investor Elliott Management has urged BP to boost its free cash flow by an additional 40% through significant spending reductions, the Financial Times reported on Tuesday. Elliott is urging BP to shift its focus from growing its oil and gas bu…
Read moreTrade turmoil’s oil market bite is already leaving lasting scars: Bousso
(Repeats column, no changes to text) *U.S. shale drillers slowing activity *IEA lowers US oil production forecasts for 2025 *Companies will likely delay new large project approvals By Ron Bousso LONDON, April 17 – Nimble U.S. oil producers are re…
Read moreBP leadership faces shareholder vote amid Elliott campaign, climate ire
BP’s board is up for re-election at its annual general meeting on Thursday as the group faces activist shareholder Elliott Management and climate-focused investors who have called for a vote against Chair Helge Lund. BP, whose stock has been unde…
Read moreShell suministrará energía limpia a centro de datos de nLighten en Madrid
Shell suministrará capacidad renovable a nLighten, apoyando las iniciativas del centro de datos para optimizar su valoración de Energía Libre de Carbono, mientras mantiene la flexibilidad para ajustarse a la demanda y oferta en tiempo real nLighten anunció la firma de un acuerdo de compra y de suministro de energía (Power Purchase Agreement, PPA) con […]
Read moreBP begins loading its first LNG cargo from Venture Global’s Calcasieu Pass plant
BP Plc will begin loading its first shipment of liquefied natural gas from Venture Global’s Calcasieu Pass plant in Louisiana on Wednesday, according to LSEG data. The BP-chartered vessel British Mentor was about to dock at the Calcasieu Pass por…
Read moreVenture Global LNG starts commercial operations at Calcasieu Pass plant
Venture Global LNG has begun commercial operations at its Calcasieu Pass plant in Louisiana, more than three years after it first produced liquefied natural gas, the company said on Tuesday. The move to commercial operations means the Arlington-headqua…
Read moreKazakhstan’s oil output down in early April, still above OPEC+ quota, source says
Kazakhstan’s oil output fell in the first two weeks of April from the March average, but is still above the OPEC+ quota it has pledged to meet after months of overproduction, an industry source told Reuters. The central Asian country’s crud…
Read moreADIPEC Days I & II: All about ‘Energy^AI’
The first two days of ADIPEC 2024 in Abu Dhabi have whizzed by with one theme dominating proceedings – the deployment of AI as a service. In whichever direction you look around the venue – ADNEC Centre – you can’t miss signage flagging it. At…
Read moreADIPEC Days I & II: All about ‘Energy^AI’
The first two days of ADIPEC 2024 in Abu Dhabi have whizzed by with one theme dominating proceedings – the deployment of AI as a service. In whichever direction you look around the venue – ADNEC Centre – you can’t miss signage flagging it. At…
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