Report: LNG Canada Could Start Export Sales in June
The export facility is designed to have a 14 million tonnes per year capacity, and is under construction at Kitimat, British Columbia, on the Canadian west coast.
US House Budget Bill Seeks More Than $1.5 Billion for Strategic Petroleum Reserve
A U.S. House committee released a budget proposal that includes more than $1.5 billion to replenish and maintain the Strategic Petroleum Reserve, and cancels a congressionally mandated sale, following huge sales from the facility in 2022. The proposal from the House Energy and Commerce Committee released late on Sunday contains $1.32 billion to purchase oil …
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What’s Affecting Oil Prices This Week? (May 12, 2025)
U.S. officials said on May 11 that a deal had been made to reduce the U.S. trade deficit with China. While all the details may not be established, oil prices will get another boost from this “deal”.
Whitecap, Veren Create Top Canadian E&P Post $10.4B Merger
The combined company will operate under the Whitecap Resources name and is selling non-strategic assets in Saskatchewan and Kaybob as Whitecap and Veren integrate.
California Drivers Are Paying Up as Refineries Disappear
Governor Gavin Newsom’s latest outreach to the Golden State’s oil companies may be too late to arrest a steady decline in gasoline production. By Nathan Risser Californians are accustomed to paying the highest gasoline prices in the US. That trend likely will continue because of the state’s reliance on a dwindling fleet of oil refineries. …
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Blackstone Is in Talks for New Mexico Utility Owner TXNM
By David Carnevali, Ryan Gould, and Dinesh Nair Blackstone Inc. is in talks to acquire TXNM Energy Inc., the owner of New Mexico’s largest utility, according to people familiar with the matter. The private equity firm’s infrastructure arm, Blackstone Infrastructure Partners, has emerged as the likeliest buyer of TXNM after other suitors dropped out of …
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US House Budget Bill Seeks More Than $1.5B for Strategic Petroleum Reserve
The proposal from the House Committee on Energy and Commerce contains $1.32 billion to purchase oil to help replenish the Strategic Petroleum Reserve and $218 million for maintenance of the facility.
Aligned Climate Closes Solar Fund with Over $200MM in Commitments
The fund, called Aligned Solar Partners 6 LP (ASP6), acquires construction-ready distributed solar projects from development partners across the U.S.
Iran is Preparing for Russian President Vladimir Putin to Visit, Tehran Says
Iran is preparing for a visit by Russian President Vladimir Putin, Iran’s government spokesperson Fatemeh Mohajerani was quoted by Russia’s state RIA news agency as saying on Monday. “Putin’s trip to Tehran is currently being worked out, preparations are underway,” Mohajerani was quoted as saying by RIA. There was no immediate comment from the Kremlin. …
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FREE Pandell Leadership Series Webinar: Land Management Pitfalls & Trends
Join us for an insightful webinar designed specifically for land management professionals, featuring our guest speaker Matt Kopycinski, Manager Land Services from EY. We’ll delve into the evolving landscape of land management. This session will provide valuable knowledge and practical advice to help you stay ahead in this dynamic field. Key Topics: Industry Trends Challenges …
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