mark

Russia’s Sovcomflot Says New U.S. Sanctions Create Operational Difficulties

(Reuters) – Russia’s leading tanker group, Sovcomflot, said on Tuesday that new U.S. sanctions would create additional operational difficulties and accused the West of undermining the global system of merchant shipping. “The company’s vessels do not belong to the ‘shadow fleet’”, Sovcomflot said. “The sanctions against Sovcomflot are not motivated by violations on the part …

Russia’s Sovcomflot Says New U.S. Sanctions Create Operational Difficulties Read More »

BP Warns of Fourth Quarter Profit Hit as Production and Refining Margins Fall

(Reuters) – BP warned on Tuesday that lower production, weak refining margins and sluggish trading would see its profit in the fourth quarter of 2024 fall from the previous three months. Since taking the helm a year ago, CEO Murray Auchincloss has scaled back the firm’s energy transition strategy in an effort to boost profits …

BP Warns of Fourth Quarter Profit Hit as Production and Refining Margins Fall Read More »

Here’s What We Know About Trump’s Planned Executive Orders After Swearing-In

Conventional Energy, Latest, Natural Gas, Oil, US News / By mark

Donald Trump plans to issue a flurry of executive orders and directives after he is sworn in as U.S. president on Monday, to put his stamp on his new presidency on everything from immigration to energy. Two sources familiar with the planning said Trump is preparing a flood of executive orders and directives that could …

Here’s What We Know About Trump’s Planned Executive Orders After Swearing-In Read More »

Pioneer Energy’s Tech Offers More Pad Throughput, Fewer Emissions

Latest / By mark

Pioneer Energy’s Emission Control Treater technology reduces emissions and can boost a well’s crude yield by 5% to10%, executives say.

Langford Enters Midland Basin with Murchison Oil and Gas Deal

Latest / By mark

Langford Energy Partners closed on an acquisition of 8,000 acres in the Midland Basin from Murchison Oil and Gas LLC.

Supreme Court Declines to Hear From Oil and Gas Companies Trying to Block Climate Change Lawsuits

Conventional Energy, Energy Commentary, Energy Topics & Technology, Latest, US News / By mark

WASHINGTON (AP) — The Supreme Court said Monday it won’t hear an appeal from oil and gas companies trying to block lawsuits seeking to hold the industry liable for billions of dollars in damage linked to climate change. The order allows the city of Honolulu’s lawsuit against oil and gas companies to proceed. The city’s …

Supreme Court Declines to Hear From Oil and Gas Companies Trying to Block Climate Change Lawsuits Read More »

Norway Awards Oil, Gas Drilling Permits, Plans Arctic Push

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

Summary • Norway awards exploration permits to 20 companies • Must drill to uphold oil, gas output, energy minister says • Also prepares for more Arctic exploration • Demonstrators, including Thunberg, protest against move SANDEFJORD, Norway, Jan 14 (Reuters) – Norway on Tuesday awarded stakes in 53 offshore oil and gas exploration licences to 20 …

Norway Awards Oil, Gas Drilling Permits, Plans Arctic Push Read More »

Canada’s Reality: Trump’s Tariffs Are Coming and Will Include Oil, Alberta Premier Warns

CDN and International News, Energy Topics & Technology, Latest, LNG, Natural Gas, Oil, Pipelines / By mark

Province’s leader met with president-elect at Mar-a-Lago Ottawa shouldn’t make ‘empty’ threats to curb exports: Smith Canadians should be prepared to face US tariffs once Donald Trump assumes the presidency next week, with no exemptions for oil, Alberta Premier Danielle Smith warned after meeting the president-elect in Florida. The conservative leader of Canada’s main oil-producing province met with Trump at his …

Canada’s Reality: Trump’s Tariffs Are Coming and Will Include Oil, Alberta Premier Warns Read More »

Oil Shipping Rates Surge After U.S. Sanctions Hit Availability