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Iraq, Oil Firms Trade Blame Over Shut Turkey Pipeline

Summary Iraq-Turkey pipeline shut since March 2023 Baghdad: around 225,000 bpd being produced without its oversight APIKUR says terms of current contracts must be maintained US encourages restart, State Dept. spokesperson says (Reuters) – Foreign oil firms operating in Iraq’s Kurdistan region are partly to blame for the delay in resuming crude exports after failing …

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With Completion in Sight, What’s Next for Canada’s Trans Mountain Pipeline Project?

CALGARY — After more than four years of construction and at least $34 billion in costs, the Trans Mountain pipeline expansion project is nearly complete. Here’s a look at what milestones to expect in the coming weeks as the massive pipeline gets ready to start shipping Canadian oil to the West Coast: Resolution of B.C. …

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Exxon Warns Australia Faces Sharp Drop in Gas Supply, Calls for Policy Stability

Exxon Mobil Corp on Tuesday gave a dire warning about the outlook of Australia’s domestic gas supply, joining other gas producers in calling for policy stability and more investment in the sector. There is an urgent need for new investment in domestic gas supply and infrastructure to provide energy security and affordability for households and businesses, …

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Russia Attacks Ukrainian Gas Storage Site; Ukraine Ramps up Power Imports

(Reuters) – An underground gas storage site in Ukraine was attacked on Sunday in the latest wave of Russian missile strikes on power facilities, while officials restored power in cities, ordered imports and imposed rolling blackouts to deal with shortfalls. Ukraine’s state-run Naftogaz energy firm reported the attack on the gas storage site (UGS), but …

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COMMENTARY: Obscene Misinformation Continues to Come From the IEA – Irina Slav on Energy

By Irina Slav More From Irina Slav “Any source of energy is intermittent, but renewables are perhaps the least intermittent, since they use the sun and wind. The crucial missing piece of renewables is the lack of infrastructure.” This profound revelation comes from the head of the International Renewable Energy Agency, Francesco La Camera, and should be …

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Ukraine Says Russian Oil Refineries Are Legitimate Targets

(Reuters) – A Ukrainian deputy prime minister said on Friday Russian oil refineries were legitimate targets for its forces, after a media report said the United States, a close ally, had asked Kyiv to stop conducting drone strikes on refineries. Ukraine dramatically stepped up its attacks on Russian energy facilities this month, launching numerous long-range drones to …

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Mexico’s Pemex Put Off Repairs Despite Vast Methane Leak

(Reuters) – Mexican state energy company Pemex put off urgent repairs and maintenance at an important offshore platform for months, resulting in methane spewing into the atmosphere, according to internal documents and three sources familiar with the infrastructure. Methane, the main component of natural gas, is a much more potent driver of global warming in …

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Canada’s Trans Mountain Expansion Startup Date Hangs on Final 2.5-Km Leg

Last segment goes through hard rock in rugged B.C. terrain Bloomberg News The startup date for Canada’s mega oil pipeline should be known within weeks as Trans Mountain Corp. drills through hard rock in British Columbia’s rugged Fraser Valley for the final stretch of the 1,150-kilometre conduit. “The next few weeks will be very important in terms …

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Ukraine’s Drone Strikes on Russian Oil Refineries Mark New Phase in War

Attacks on refineries have both symbolic and strategic goals Kyiv plans to send ever-increasing swarm of drones into Russia Ukraine’s fight against Russia’s invasion has entered a new phase, pitting homegrown drone technology against a 2,000 kilometer (1,200 mile) swathe of largely Soviet-era oil facilities. At least nine major refineries have been successfully attacked this …

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Global LNG Demand is Picking up Due to Low Prices – Shell CEO

March 18 (Reuters) – Global demand for liquefied natural gas (LNG) is picking up due to a recent fall in prices, Shell  CEO Wael Sawan said on Monday at a conference in Houston. The LNG market will be well supplied in the second half of the decade, he added. The CEO of rival TotalEnergies on …

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