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Colombia’s Ecopetrol in Talks to Buy $3.6 bln CrownRock Stake From Occidental

CDN and International News, Energy Topics & Technology, Latest, Mergers and Acquisitions / By

(Reuters) – Colombia’s Ecopetrol (ECO.CN), opens new tab is in talks with U.S. oil producer Occidental Petroleum (OXY.N), opens new tab to possibly buy a 30% stake in shale oil producer CrownRock, in a transaction potentially worth $3.6 billion, the North American company said on Friday. Ecopetrol, Colombia’s majority state-owned energy company, said it … …

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ExxonMobil Selling Malaysia Oil and Gas Assets to Petronas, Sources Say

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

Exxon Mobil Corp has agreed to sell its Malaysian oil and gas assets to state energy firm Petronas, exiting the country’s upstream sector where it used to be a dominant producer, two sources with direct knowledge of the matter said. The U.S. major, which last year marked its 130th year in Malaysia, has been trying to …

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Rising Cooling Demand to Keep Coal Plants Online This Year, IEA Says

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

(Reuters) – Global electricity demand is set to grow at its fastest pace in nearly 20 years this year, spurred by increasing demand for air conditioning as temperatures rise, the International Energy Agency (IEA) said in a report on Friday. The trend, expected to continue into 2025, will support ongoing use of coal power, even …

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Chinese Wind Turbine-Makers Move into Europe as Trade Tensions Flare

CDN and International News, Latest, Renewable Energy, Wind / By

Summary Europe has painful memories of Chinese solar panels German government said it was monitoring Mingyang deal RWE visited Mingyang production in China China exploring production in Europe (Reuters) – Chinese wind turbine-makers this month clinched their first order in Germany, as they build momentum in the European market and add to concern in the …

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Russia’s July Oil and Gas Revenue to Jump 50% to $14 bln, Reuters Calculations Show

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

Russia’s oil and gas revenue in July is set to rise by 50% year on year to almost $14 billion thanks to stronger oil prices and a weaker rouble, Reuters calculations showed on Thursday. Oil and gas revenue has been the most important source of cash for the Kremlin, accounting for about a third to …

Russia’s July Oil and Gas Revenue to Jump 50% to $14 bln, Reuters Calculations Show Read More »

Aramco to Buy 50% of Air Products Qudra’s Blue Hydrogen Business

CDN and International News, Latest / By

DUBAI, July 16 (Reuters) – Saudi oil giant Aramco (2223.SE) has signed final agreements to buy 50% of the blue hydrogen industrial gases business of Air Products Qudra (APQ), it said on Tuesday, continuing the kingdom’s drive to become a major hydrogen producer. Financial details of the transaction for Blue Hydrogen Industrial Gases Company (BHIG) …

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TotalEnergies Says Oil Production to Hit High End of Q2 Guidance

CDN and International News, Energy Topics & Technology, Exploration & Production, Latest / By

By Reuters (Reuters) – French oil major TotalEnergies  said on Tuesday its second-quarter hydrocarbon production levels will hit the top end of its guidance range, while pressure on refining margins will be partly alleviated by higher refinery utilisation. WHY IT’S IMPORTANT TotalEnergies quarterly earnings are due on July 25, and investors are closely watching the company …

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Middle East Crude-Benchmarks Dip; More Refiners Buy TMX Oil

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

Spot premiums for Middle East crude benchmarks Oman, Dubai and Murban dipped on Monday, with trades for September-loading cargoes expected to pick up speed this week. Qatar Energy on Monday will close three tenders to sell crude for September loading with bids valid until Wednesday, traders said. The producer offered three al-Shaheen crude cargoes for …

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Saudi Arabia Ramps Up Purchases of Dirtiest Oil Amid Scorching Summer

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

Fuel oil imports in June highest since at least November 2020 World’s biggest crude exporter buys fuel oil for power plants Saudi Arabia boosted imports of the dirtiest type of oil to the highest in more than three years to help meet power demand during the scorching summer. Shipments of fuel oil rose in June to …

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Strathcona Plans $2 Billion in Oilsands Carbon-Capture Projects

Carbon Capture, CDN and International News, Energy Topics & Technology, Latest, Oilsands / By

While Strathcona will own and operate the assets, it will evenly split the upfront capital costs with the federal Canada Growth Fund Bloomberg News Canadian driller Strathcona Resources Ltd. is planning as much as $2 billion in projects to capture carbon dioxide emissions from its oilsands operations, helped by backing from a Canadian public investment vehicle. While Strathcona will …

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