(Reuters) – Alberta is reducing the fees it charges oil sands producers in an effort to spur companies to invest in new projects and boost oil output to fill a new proposed crude pipeline to Canada’s west coast. Canada’s main oil-producing province said Friday it is introducing a new 10-year royalty regime that will apply …
Alberta Cuts Oil Sands Fees With New 10-Year Royalty Regime for New Projects Read More »
(Reuters) – President Donald Trump extended for 90 days a waiver of a shipping law to allow foreign-flagged ships to transport oil and other commodities between US ports, a White House official said on Friday. Reuters reported on Thursday that industry sources said the administration would extend the waiver on the more than 100-year-old Jones …
US Extends Shipping Law Waiver 90 Days, to Allow Freer Movement of Oil, Commodities Read More »
(Reuters) – SpaceX said on Thursday it plans to invest more than $74 billion in two supercomputing campuses, one at its Starbase site in Texas and another in Cochise County, Arizona. The company expects to spend $24 billion on the Starbase site and roughly $50 billionon the Arizona campus, the company said in a statement. …
U.S. drilling activity declined this week as producers reduced natural gas drilling, although the country’s largest oil-producing basin continued to add rigs. The U.S. rig count fell by three to 601 for the week ended November 13, according to the latest Baker Hughes North America Rig Count Report. Despite the weekly decline, the United States …
U.S. Rig Count Slips to 601 as Natural Gas Drilling Declines and Permian Activity Rises Read More »
By Seher Dareen Members to release further 71 million barrels through end-February Around 15 million barrels of diesel for release by end-February Total volume released could reach around 420 million barrels LONDON, Nov 13 (Reuters) – The International Energy Agency’s member countries will release around 71 million barrels of emergency oil and products stocks through …
Oil Releases From IEA Emergency Stocks to Pick Up Through February, Agency Says Read More »
(Reuters) – There is never a good time for one of the world’s wealthiest men and biggest AI boosters to become ensnared in a scandal involving an affair with a potential Chinese spy, but this was a particularly bad time. Ousted Nvidia CEO Jensen Huang’s shocking downfall came following one of the worst months ever …
By API – American Petroleum Institute Congress has a historic opportunity to overhaul America’s permitting system. But beyond the headlines, what would the Bipartisan American Affordability and Jobs Act (BAAJA) actually change? The bill targets obstacles throughout the permitting process that can delay critical infrastructure, drive up construction costs and ultimately affect the price consumers pay …
Summary Court says government failed to fully assess climate impact Government must process oilfield permits again Green groups that brought the case may sue companies directly (Reuters) – Norway’s Supreme Court on Friday ruled that three offshore oilfield development permits issued by the government were invalid due to a lack of environmental consideration, but said …
Norway’s Supreme Court Rules Against Government in Oilfields Case, But Output Unaffected Read More »
Summary Fourth-quarter oil supply to exceed demand by 1.7 million bpd IEA had previously forecast a fourth-quarter supply deficit IEA also gives more details of emergency oil stock release Reuters- The world oil market will return to a surplus in the fourth quarter of this year, the International Energy Agency said on Friday, as …
By Curtis Williams HOUSTON, Nov 12 (Reuters) – Venture Global (VG.N) has asked the US Department of Energy for authorization to re-export liquefied natural gas from its CP2 LNG project in Louisiana as the company moves closer to bringing the first phase of the facility online, according to a notice from the DOE on Thursday. …
Venture Global Asks DOE for Approval to Re-Export LNG From CP2 Project Read More »
