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Trump Effect in Clean Tech Sector Deepens Angst in Europe’s Boardrooms

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

(Reuters) – European companies focused on clean energy are abandoning expansion plans, bracing for lower sales or see funding of U.S projects in doubt because of fears over what a potential election victory for Donald Trump could mean for their sector. Trump has dismissed President Joe Biden’s policies to fight climate change as a “green new scam” …

Trump Effect in Clean Tech Sector Deepens Angst in Europe’s Boardrooms Read More »

OPEC+ Likely to Stick to Output Policy at Aug 1 JMMC Meeting

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler Top OPEC+ ministers to meet online on Aug. 1 Brent crude prices have lost about 9% in July OPEC+ plans to raise output from October MOSCOW/LONDON, July 30 (Reuters) – An OPEC+ panel is unlikely this week to make any changes to its current deal to cut …

OPEC+ Likely to Stick to Output Policy at Aug 1 JMMC Meeting Read More »

BP Raises Dividend as $2.8 Billion Quarterly Profit Beats Forecasts

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

Summary BP boosts dividend by 10%, extends share buybacks Refining profits weighed by weak fuel demand, CEO says BP to develop new Gulf of Mexico oilfield (Reuters) – BP  increased its dividend and extended its share repurchasing programme on Tuesday as it reported a forecast beating second-quarter profit of nearly $2.8 billion, with weak refining offset …

BP Raises Dividend as $2.8 Billion Quarterly Profit Beats Forecasts Read More »

Putin Hails Maduro’s Win, Kremlin Says it is Deepening Venezuelan Ties

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

Russian President Vladimir Putin on Monday congratulated Nicolas Maduro on winning the disputed Venezuelan election, and the Kremlin said it was deepening cooperation in all areas – including sensitive ones – with Caracas. Maduro and his opposition rival Edmundo Gonzalez have both claimed victory in the presidential election as Washington and some other foreign governments …

Putin Hails Maduro’s Win, Kremlin Says it is Deepening Venezuelan Ties Read More »

U.S. Accuses Venezuela of Electoral Manipulation, Repression

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

U.S. President Joe Biden’s administration on Monday accused Venezuela of electoral manipulation and repression and said Caracas’ announcement that President Nicolas Maduro had won a third term in office had been stripped of “any credibility.” Biden administration officials, briefing reporters about the vote on condition of anonymity, did not announce any new punitive measures but …

U.S. Accuses Venezuela of Electoral Manipulation, Repression Read More »

Oil Prices Rise on Fears of Wider Middle East Conflict After Rocket Strike in Golan Heights

CDN and International News, Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

(Reuters) – Oil prices rose on Monday, paring last week’s loss, on fears of a widening conflict in the Middle East following a rocket strike in the Israeli-occupied Golan Heights, which Israel and the United States blamed on Lebanese armed group Hezbollah. Brent crude futures gained 20 cents, or 0.3%, to $81.33 a barrel at 0010 …

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Russia’s Novak Says No Friction with OPEC+ Over Exceeding Production Quotas

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

(Reuters) Russian President Vladimir Putin’s oil point man said on Thursday that there was no friction with OPEC+ due to Russia exceeding crude production quotas and that the world’s second largest oil exporter would compensate for its overpumping. Russia said on Wednesday that its crude oil production in June exceeded quotas set by the OPEC+ …

Russia’s Novak Says No Friction with OPEC+ Over Exceeding Production Quotas Read More »

TotalEnergies Q2 Earnings Fall 6% on Weak Refined Product and Gas Demand

CDN and International News, Conventional Energy, Exploration & Production, Latest, Oil / By

PARIS, July 25 – French oil major TotalEnergies reported a 6% fall in second-quarter earnings on Thursday, worse than analysts expected, hurt by lower refined product and gas sales and as European refining margins tumbled. Adjusted net income for the three months to June 30 was $4.7 billion, down from $4.96 billion a year earlier and $5.1 …

TotalEnergies Q2 Earnings Fall 6% on Weak Refined Product and Gas Demand Read More »

Declining Mexican Crude Output Could Shatter Energy Independence Dream

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

Summary Mexico will likely need to import crude after 2030 Zama and Trion fields to lift output but others decline rapidly (Reuters) – Mexico’s incoming President Claudia Sheinbaum will likely face a new challenge fulfilling the dream of energy independence that led her predecessor to spend $17 billion on a new refinery: a shortfall in domestic crude supply. …

Declining Mexican Crude Output Could Shatter Energy Independence Dream Read More »

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