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There is Little US LNG Producers Can do to Immediately Replace Lost Qatari Cargoes

Conventional Energy, Latest, LNG, US News / By

Summary US LNG plants running near full capacity, limiting the potential for output increase amid Qatar disruptions Venture Global has the most flexibility, with higher percentage of spot market sales Golden Pass LNG project is set to begin production this month but will take time to ramp up (Reuters) – The U.S. has little spare …

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Canadian East Coast Bay du Nord Oil Project Hits Key Milestone as Newfoundland and Labrador, Equinor Sign Agreement

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil / By

A proposed deepwater oil project off the Canadian east coast reached a key milestone Tuesday as the Newfoundland and Labrador government signed an agreement with Equinor on how to divvy up the development’s anticipated rewards. Premier Tony Wakeham received several standing ovations as he unveiled the benefits agreement for the Bay du Nord project at …

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When Seconds Count: Strengthening Gas Detection

Featured Articles, Latest / By

Industrial facilities that handle flammable and toxic gases face an ongoing risk of leaks that can escalate into fires, explosions, environmental impacts, and catastrophic loss. Process industries, including oil and gas, petrochemicals, and power generation, must therefore implement robust gas safety systems that not only detect leaks early but also deliver actionable alerts and mitigate risk. A layered gas detection strategy has emerged as …

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Oil Prices up 1% as Iran Crisis Disrupts Middle East Supply

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Geopolitical factors remain near-term key driver, analyst says US crude stocks up 5.6 million barrels last week, sources say (Reuters) – Oil prices rose about ​1% on Wednesday as U.S.-Israeli strikes on Iran disrupted Middle East supplies, but the pace ‌of gains slowed from past sessions after President Donald Trump suggested the U.S. Navy could …

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Investors, US Crude Producers Scramble to Lock in Oil Price Spike 

Conventional Energy, Latest, Oil, US News / By

Investors rushed to lock in a spike in oil prices this week, resulting in a record volume of energy futures and options contracts changing hands on Monday, the first trading day after Israel and the U.S.bombed Iran and Tehran retaliated. Hedging provides traders with opportunities to profit in times of volatility, and can help producers …

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Venezuela’s Oil Exports Fell 6.5% in February With Loss of Chinese Market, Data Shows

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

(Reuters) – Venezuela’s oil exports fell 6.5% in February from a month earlier to some 737,000 barrels per day as more shipments to the United States and Europe could not fully offset the loss of what used to be the OPEC country’s main market, China, according to vessel monitoring data and documents from state company …

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Trump Says US to Provide Insurance to All Maritime Trade in Gulf

Latest, US News / By

(Reuters) – President Donald Trump said on Tuesday he had ordered the United States Development Finance Corporation to provide insurance and guarantees for the financial security of all maritime trade, including oil tankers, traveling through the Gulf region. He made the comments in a Truth Social post. Reporting by Bhargav Acharya and Ryan Patrick Jones …

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Charted: Oil Trade Through the Strait of Hormuz by Country – Visual Capitalist

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

By Niccolo Conte | Graphics/Design: Anna Diederichs Key Takeaways China receives 37.7% of all oil exports that pass through the Strait of Hormuz, the most of any country. Asian countries are most affected by a closure of the strait, receiving 89.2% of the Strait’s crude oil and condensate flows. The Strait of Hormuz is one …

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US Considering Oil Tanker Insurance Support to Ease Middle East Crude Shipments, Sources Say

Conventional Energy, Latest, Oil, US News / By

(Reuters) – President Donald Trump will review a set of policy options on Tuesday aimed at controlling energy prices during the escalating Middle East conflict, including a proposal for the U.S. government to help oil tankers in the region obtain insurance, two sources said. Global crude prices have spiked since Israeli and U.S. forces began …

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Iraq Reduces Oil Output, More Cuts to Come if Hormuz Disruptions Persist, Iraqi Oil Officials Say

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

(Reuters) – Iraq has cut oil production by nearly 1.5 million barrels a day and those cuts could widen to more than 3 million bpd within days as the country runs out of storage and cannot export crude due to the Iran crisis, two Iraqi oil officials told Reuters on Tuesday. As of Tuesday, Iraq …

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