Chevron Seeks Better Terms From Iraq Before Taking Over Lukoil Oilfield, Sources Say

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

By Dmitry Zhdannikov and Aref Mohammed Chevron seeks improved terms for West Qurna 2 oilfield, sources say Iraq nationalized operatorship of oilfield after U.S. sanctions on Lukoil Iraq has improved oil contract terms in deals with majors in past two years (Reuters – BASRA/LONDON, Jan 27) – U.S. oil major Chevron is pushing Iraq to …

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U.S. to Issue General License Soon Lifting Some Sanctions on Venezuelan Oil Industry, Sources Say

Conventional Energy, Latest, Oil, US News / By

(Reuters) – U.S. officials are working to issue a general license soon that would lift some sanctions on Venezuela’s energy sector, three sources familiar with the preparation said on Tuesday, a shift from a previous plan to grant individual exemptions to sanctions for companies seeking to do business in the country. Following the U.S. capture …

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Venezuela’s Oil Reform Met With Flurry of Proposed Changes

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

(Reuters) – A commission of Venezuela’s National Assembly has received more than 80 proposals from politicians, lawyers and energy associations seeking changes to a reform of the country’s main oil law, sources close to the talks said, a blow for lawmakers rushing to have the reform approved next week. Interim President Delcy Rodriguez introduced the …

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Mexico’s Sheinbaum Does Not Deny Halting Oil Shipment to Cuba

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Mexican President Claudia Sheinbaum, pressed on Tuesday whether Mexico had halted oil shipments to Cuba amid pressure from Washington, said shipment decisions were sovereign in nature and not based on U.S. pressure. However, Sheinbaum appeared to acknowledge that Mexico had halted a planned shipment to Cuba. Asked at her regular morning press conference …

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US Gulf Coast Oil, LNG Exports Hit Zero on Sunday Due to Freeze, Vortexa Says

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

(Reuters) – Exports of crude oil and liquefied natural gas from U.S. Gulf Coast ports tumbled to zero on Sunday before rebounding on Monday, after a massive winter storm swept across the country, ship-tracking service Vortexa said. An Arctic blast has pummeled the United States in recent days, straining energy infrastructure and power grids. Up …

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China Soaks Up The Crude Oil Glut, But Only if the Price is Right: Russell

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

(Reuters) – Where exactly is the expected supply glut in the global crude market? The best answer is China, which saw storage flows surge in December, resulting in a surplus of more than 1 million barrels per day for 2025. China’s surplus of crude oil jumped to 2.67 million bpd in December, up from 1.88 …

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US Northeast Spot Natgas and Power Prices Hit Record Highs as Arctic Blast Boosts Heating Demand, Freezes Gas Wells

Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, Natural Gas, US News / By

(Reuters) – U.S. spot natural gas and power prices soared to record highs in the northeastern part of the country as homes and businesses cranked up their heaters to escape an Arctic chill that cut gas output to a two-year low by freezing oil and gas wells and pipes earlier this week. Cash gas prices …

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Power Plant Outages Leave Largest US Regional Grid With Thin Operating Margin

Electricity Grid, Energy Topics & Technology, Latest, US News / By

(Reuters) – The largest U.S. regional electric grid on Tuesday reported nearly 18 gigawatts of power plant outages, leaving a region of 67 million people with a thin buffer of power supplies against frigid weather and a forecast for record-breaking winter demand. The PJM Interconnection reported that most of the generation outages are due to …

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Germany Needs New Partners as Global Order Changes, Economy Minister Says

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

(Reuters) – Germany must seek new partners in light of a changing global order, the country’s economy minister said on Tuesday, referring to deteriorated relations with the United States that have resulted in painful import tariffs. “The world has become more uncertain, and alliances that we have trusted and relied on are beginning to crumble,” …

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America’s Hatred of ‘Loser’ Wind Farms Is Contagious

Latest, Renewable Energy, US News, Wind / By

By Lara Williams Donald Trump’s hatred of wind power continues. In a speech in Davos last week that managed to upset almost everyone, the US president still found time to get in a few trademark digs at renewable energy. “There are windmills all over Europe… and they are losers,” he said, in a strange anthropomorphism. …

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