Conventional Energy

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Chevron’s Venezuelan Oil Cargoes Stalled at Sea After Export Cancellations

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

(Reuters) – At least two vessels carrying Venezuelan crude chartered by Chevron are now stalled in Venezuelan waters due to state oil company PDVSA canceling their export authorizations after the U.S. imposed secondary tariffs on the OPEC member’s buyers, two sources with knowledge of the matter said on Friday. The U.S. oil producer awaits customs …

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Abu Dhabi’s ADNOC Mulls Bid For Aethon’s US Natgas Assets, Bloomberg News Reports

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

(Reuters) – Abu Dhabi state oil company ADNOC is considering a bid for natural gas assets of investment firm Aethon Energy Management that could potentially be worth about $9 billion, Bloomberg News reported on Friday, citing people familiar with the matter. ADNOC has done a string of acquisitions in gas and chemicals, which along with …

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Ten Trading Days That Shook Financial Markets

Conventional Energy, Energy Topics & Technology, Finance, Latest, LNG, Natural Gas, Oil, US News / By

The pain, said Shuntaro Takeuchi, was 10 out of 10. Not in the portfolio of Japanese stocks he runs out of Palo Alto, California, but in his appendix. It would have to come out, just as his colleagues at Matthews Asia were on a phone call to chart the $7 billion asset manager’s path through …

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Oil Producers Seek to Shore up Finances Amid Crude Price Plunge

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

Summary • Brazil plans extra auction for offshore oil areas • Kuwait to tap international debt market for first time since 2017 • Russia’s economy expected to contract further from oil price decline • Saudi Arabia stands ready for policies to keep fiscal position strong: spokesperson April 11 (Reuters) – Oil-dependent governments are coming under …

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OPEC Output Hikes, Trade Wars Have US Oil Producers Wary of ‘Drill Baby Drill’

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

Summary Oil at $55 a barrel, down from $78 before Trump inauguration US oil rig count expected to drop if crude stays below $60 Tariffs will hike costs for steel and oil-drilling gear Reuters) – President Donald Trump moved on his first day in office to increase U.S. oil and gas production, but the country’s …

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US Will No Longer Require Green Analyses on Western States’ Oil, Gas Leases

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

(Reuters) – The Trump administration said on Thursday that it will no longer require environmental impact statements for oil and gas leases across the U.S. West, in a step toward lifting green hurdles to drilling that environmental groups will likely challenge in court. The Interior Department said in a release that it will no longer …

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US EIA Warns of Lower Oil Demand From Tariffs and Trade Uncertainty

Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil, US News / By

(Reuters) – Recent developments in global trade policy are set to lower global oil and fuel demand growth through 2026, the U.S. Energy Information Administration (EIA) said on Thursday in its monthly short-term energy outlook report. The U.S. Department of Energy’s statistical arm cut its annual U.S. and global oil demand growth forecasts for both …

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New LNG Plant to Boost Venture Global Profits as Calcasieu Serves Long-Term Customers

Conventional Energy, Latest, LNG, US News / By

(Reuters) – Venture Global Inc is about to start selling liquefied natural gas cargoes from a Louisiana export terminal to long-term customers rather than to the highest global bidder, but it plans to employ the controversial but lucrative practice at a new and bigger terminal that it is starting up. On April 15, Venture Global …

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