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By Sethuraman N R Jan 9 (Reuters) – Global energy major BP (BP.L) has pledged to lift oil production by 44% and gas output by 89% from India’s largest field off its west coast, under a decade-long contract, according to block operator Oil and Natural Gas Corp (ONGC.NS) on Thursday. ONGC named BP as its …
BP Projects 44% Jump in Oil Output From India’s Largest Field, ONGC Says Read More »
Norway exported a record amount of natural gas in 2024 and volumes are expected to stay near this level in the coming years, official data and forecasts showed on Thursday. Norway became Europe’s largest supplier of natural gas following Russia’s invasion of Ukraine in 2022, providing about 30% of all gas imports to the European …
Norway Gas Exports Expected to Stay Close to Last Year’s Record Levels Read More »
There’s no way that Canada’s going to stand by and watch the decimation of our industries Bloomberg News The U.S. doesn’t have easy alternatives to Canadian crude oil, uranium, potash and other critical minerals, Wilkinson said. And he warned that nothing is off the table when it comes to potential Canadian trade retaliation, including export taxes. …
Canada’s Energy Minister Warns Trump Against Energy Trade War Read More »
Iran is pushing to recoup 25 million barrels of oil from China that has been stuck for six years in Chinese ports due to sanctions imposed by then-U.S. President Donald Trump, three Iranian and one Chinese source familiar with the matter said. Trump is returning to power on Jan. 20, and analysts say he is …
Iran Pushes China to Let it Sell $1.7 Billion Worth of Stranded Oil Read More »
(Reuters) – Shell (SHEL.L) trimmed its liquefied natural gas production outlook for the fourth quarter on Wednesday and said oil and gas trading results are expected to be significantly lower than in the previous three months. In a trading update ahead of Jan. 30 full-year results, Shell also said it would take $1.5 billion to $3 …
Shell Warns of Weaker Fourth Quarter LNG, Oil Trading Read More »
The prime minister’s resignation marks both the end of a political era and the beginning of a potentially dramatic reshaping of the nation’s economy. By Thomas Seal, Erik Hertzberg, Randy Thanthong-Knight, and Brian Platt Justin Trudeau, Canada’s prime minister, departs after announcing his resignation at a news conference in Ottawa.Photographer: David Kawai/Bloomberg As Justin Trudeau’s …
Canada Tilts Right: Inflation Claims Trudeau as Its Latest Victim Read More »
(Reuters) – Europe’s imports of liquefied natural gas (LNG) surged to an 11-month high in December, but the gain didn’t come at the expense of Asia, which also recorded higher arrivals. A total of 10.89 million metric tons of the super-chilled fuel was imported by Europe in December, up 23% from 8.86 million in November …
Europe’s LNG Imports Surge, But Not at Asia’s Expense Read More »
By Jan Lopatka Kyiv refused to extend transit deal for Russian gas Cancellation of German levy cuts cost of supplies via Germany Slovakia imports solely from Hungary PRAGUE, Jan 6 (Reuters) – Central European gas flows have adapted to the halt of Russian supplies through Ukraine on Jan. 1, as increased shipments to the region …
Central Europe Gas Flows Adjusted After Ukraine Transit Ends Read More »
Prime minister has been under pressure to step down for months He has scheduled an announcement for 10:45 a.m. in Ottawa Justin Trudeau will announce his resignation as leader of Canada’s Liberal Party on Monday morning, the Canadian Broadcasting Corp. reported, triggering a contest to replace him as prime minister. Trudeau’s office has scheduled an announcement …
Poilievre says he would ramp up LNG, electricity for US needs Trump has complained about oil-fueled trade gap with Canada Since winning the US election, Donald Trump has taunted Canadian Prime Minister Justin Trudeau by calling him governor of a 51st US state, threatened 25% tariffs, and vented that the US is getting ripped off by its northern neighbor because …
