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Mexico Exports 39% Less Crude Oil in June, Lowest Level in Decades

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

By Ana Isabel Martinez MEXICO CITY, July 29 (Reuters) – Mexican state company Pemex exported 39% less crude oil year-over-year in June, reaching the lowest level in decades, official data showed, as processing at local refineries and fuel production increased significantly. It exported 458,103 barrels per day (bpd) in June, compared to 753,539 bpd in …

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Oil Prices Rally on US Pressure on Russia, Trade Deal Optimism

Conventional Energy, Latest, Oil, US News / By

By Nicole Jao Brent, WTI hit highest since June 20 US to start impose tariffs and other measures on Russia ten days from today, Trump says China could face high tariffs if Beijing continued its Russian oil purchases US crude stockpiles rose by 1.54 million barrels last week – API NEW YORK, July 29 (Reuters) …

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Baker Hughes Bets on LNG, Data Center Demand With $13.6 Billion Chart Industries Deal

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

By Tanay Dhumal Baker outbids Flowserve to buy Chart Baker offers $210/shr, about 22% premium Expects $325 million in annual cost synergies in third year July 29 (Reuters) – Oilfield services firm Baker Hughes (BKR.O) said on Tuesday it would buy Chart Industries (GTLS.N) in a $13.6 billion all-cash deal, including debt, outbidding rival Flowserve …

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Utility Duke Energy to Sell Tennessee Natural Gas Business for $2.48 Billion

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

By Pooja Menon July 29 (Reuters) – Duke Energy (DUK.N) said on Tuesday it would sell its Tennessee natural gas distribution business to Spire (SR.N) for $2.48 billion in cash, as the utility aims to streamline operations and unlock capital to invest in electric grid upgrades. About $800 million of the proceeds will be used …

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Foreign Oil Companies in Venezuela Await US Authorizations, Sources Say

Conventional Energy, Latest, Oil, US News / By

(Reuters) – About a half dozen foreign partners of Venezuela’s state-owned oil company PDVSA are awaiting authorizations from the U.S. Treasury and State departments, following talks last week about fresh licenses to allow them to operate in the sanctioned South American country, according to six company sources. The companies’ licenses, including a key one for …

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