TotalEnergies SE reached a 20-year deal to buy liquefied natural gas from an export terminal being developed in Western Canada, bolstering the French energy major’s global portfolio of the fuel. The agreement calls for Total to purchase 2 million metric tons a year from the Ksi Lisims project in British Columbia, proposed by Western LNG, according …
TotalEnergies Signs Deal to Buy LNG from Project in Canada Read More »
The U.S Department of Energy will begin issuing final orders on pending applications to export LNG to countries without a free trade agreement with the U.S.
Crescent Energy has chosen Joey Hall, who most recently served as executive vice president of operations at Pioneer Natural Resources and oversaw the Permian Basin and Eagle Ford Shale, as its new COO.
Sable Offshore Corp. has completed extensive repairs to the oil production unit offshore California after a leak caused Exxon Mobil to sell the facility.
Halliburton Co.’s EarthStar 3DX provides real-time data for operators to reduce risk and increase reservoir contact.
BPX employs a strategy that’s “a little bit country, a little bit rock and roll” to maximize assets across the portfolio, especially in the Eagle Ford, says Shawn Holzhauser, vice president for development.
Black Stone Minerals entered into a development agreement in the Shelby Trough with Revenant Energy and amended an agreement to have 50,000 acres returned by Aethon Energy in exchange for reducing annual well commitments.
Goldman Sachs said on Sunday it is retaining a cautious outlook on oil prices, as pressure from likely elevated Iranian supply and higher OECD commercial inventories will offset support from stronger global GDP growth. “We are maintaining our Brent/WTI oil price forecasts of $60/56 ($4 below the forwards) for the remainder of 2025 and $56/52 …
Goldman Remains Cautious on Oil Prices as Higher Iranian Supply Prospects Weigh Read More »
The European Union will propose to G7 finance ministers this week to lower the current $60 per barrel price cap on Russian seaborne oil as part of the new sanctions package against Moscow, European Economic Commissioner Valdis Dombrovskis said. “This is something which we flagged from the Commission’s side in the context of the 18th …
EU Likely to Propose to G7 to Lower Price Cap on Russian Oil to $50 Per Barrel Read More »
By Ron Bousso Summary Chinese independent refineries accounted for 77% of Iran 2024 exports Iranian imports are discounted, offering profits uplift Removal of sanctions will undermine teapots’ business model LONDON, May 19 – The possible lifting of U.S. sanctions on Iran’s oil exports could deal a fatal blow to independent Chinese refineries that have thrived by …
Lifting US Sanctions on Iran Could Crush China’s ‘Teapot’ Oil Refineries Read More »
