By Scott Squires Mexico’s government will not allow unconventional drilling in a key shale basin, as officials cautiously explore the politically sensitive practice as a way to reduce dependence on US natural gas. The ban on hydraulic fracturing — a form of unconventional drilling better known as fracking — applies to the Tampico-Misantla basin, a …
Mexico Bans Oil and Gas Fracking in Key Basin, Sheinbaum Says Read More »
By Rakteem Katakey, Paul Burkhardt, Mark Burton, and Yuliya Fedorinova Since the start of the Iran war, Iranian attacks on vessels in the Strait of Hormuz and a US blockade on Iran’s ports have slowed the flow of energy exports and other commodities from the Middle East. Even if diplomatic efforts succeed in restoring normal …
Bypass the Strait of Hormuz? Why That’s Not So Easy Read More »
By Dharna Bafna Constellation to sell Texas gas plant to LS Power for $860 million Company raises 2026 profit forecast Company beats Q2 profit estimates Aug 6 (Reuters) – Power company Constellation Energy (CEG.O) said on Thursday it will sell a gas plant in Texas to LS Power for $860 million, and raised its current-year …
Constellation Energy to Sell Gas Plant to LS Power, Raises Profit Forecast Read More »
By Amanda Stephenson and Varun Sahay Jackfish, Pike 2 and proposed Jackpine expansion remain on hold, CEO says Early engineering work for all three projects had been slated for this year Canadian Natural raises 2026 production forecast to 1.637 million to 1.682 million boepd Aug 6 (Reuters) – Canadian Natural Resources (CNQ.TO) will not move …
Canadian Natural Says Oil Sands Expansions Paused Until Government Agreements Finalized Read More »
By Arathy Somasekhar US imports of Middle Eastern crude to top 600,000 bpd in August, ship-tracking data shows At least 11 tankers loaded with Middle Eastern oil signal US ports Over 20 supertankers sailing empty towards the Gulf of Mexico to pick up crude HOUSTON, Aug 6 (Reuters) – U.S. imports of Middle Eastern crude …
US is Set to Import Most Middle East Crude Since Iran War Began Read More »
By Nichola Groom RWE will shift investment to gas projects, including Louisiana LNG and US gas power plants Deal is Trump administration’s fifth offshore wind lease cancellation agreement this year RWE had stopped work on US offshore wind last year, citing Trump administration moves against industry Aug 6 (Reuters) – German energy company RWE (RWEG.DE) …
RWE, Trump Administration Reach $1.22 Billion Agreement to Cancel Offshore Wind Leases Read More »
Canada’s West Coast could house a major transpacific liquefied natural gas bunkering hub if government policy consistently promotes audacious private sector ambitions By Timothy Renshaw The Seaspan Garibaldi refueling a dual-fuel container ship with liquefied natural gas. | Photo from Seaspan B.C. as an alternative energy fuelling hub for transpacific maritime shipping? Another flight of …
By API – American Petroleum Institute The current disruption has tested global energy markets. While uncertainty remains high, the United States entered this period producing record amounts of oil, operating world-class refineries and supplying more new energy to global markets than any other country. Markets remain tight, inventories are low and uncertainty around the Strait of …
AMERICAN ENERGY SNAPSHOT: How America Became the World’s Energy Stabilizer Read More »
(Reuters) – A proposed deal between Iran and Oman that would give Tehran control over ships entering the Gulf through the Strait of Hormuz is not easily workable due to U.S. sanctions and restrictive insurance clauses on any payments, four industry sources said. Until U.S.-Israeli airstrikes at the end of February unleashed war in Iran, …
Proposed Hormuz Passage Deal Not Feasible for Shipping Industry, Sources Say Read More »
(Reuters) – Japan Petroleum Exploration said on Thursday it will acquire all equity interests in four Fundare companies holding tight oil and gas assets in Colorado and Wyoming for about $320 million. The acquisition, expected to close in the October-December quarter, follows the purchase of adjacent Verdad Resources assets in February and is expected to …
Japex to Buy US Tight Oil and Gas Assets for $320 Million Read More »
