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I Squared Eyes Majority Stake in Natgas Pipeline Matterhorn, Sources Say

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Pipelines, US News / By

I Squared Capital is in talks to acquire a majority stake in the Matterhorn Express natural gas pipeline, according to people familiar with the matter. The infrastructure-focused investment firm has been speaking with potential investors that would help fund the potential purchase, the people said. I Squared is buying its position from WhiteWater Midstream, they …

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How Big Are Canada’s Oilsands? Energy Projects Occupy Less Than Three Per Cent of Alberta’s Oil Sands Region, Report Says

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

By Will Gibson Follow CEC on LinkedIn  CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The footprint of energy development continues to occupy less than three per cent of Alberta’s oil sands region, according to a report by the Alberta Biodiversity Monitoring Institute (ABMI). As of 2021, energy projects impacted just 2.6 per cent …

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Goldman Sachs Sees 410,000-Bpd Hike in OPEC+ June Supply

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

Goldman Sachs on Friday said it expects OPEC+ to announce a second consecutive increase in supply for June on Saturday, due to modest compliance from Kazakhstan, lower-than-expected OECD inventories, and Saudi Arabia’s ability to handle lower oil prices. The Wall Street bank expects the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to …

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Norway’s Equinor Offloads Stake in Brazilian Oil Field for $3.5 Billion

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

By Kanupriya Kapoor and Kari Lundgren Equinor ASA agreed to sell its 60% stake in the Peregrino oil and gas project off the Brazilian coast to PRIO SA for $3.5 billion, as the Norwegian energy explorer seeks to streamline international operations. Rio de Janeiro-based PRIO gained. Brazilian firm Prio Tigris Ltda., a subsidiary of PRIO …

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OPEC+ Moves Forward its Meeting to Saturday, Sources Say

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

(Reuters) – A meeting of eight OPEC+ countries to decide on their plan for oil production policy in June will now take place on Saturday instead of Monday as originally planned, three sources with knowledge of the matter told Reuters on Friday. It was not immediately clear why the meeting was brought forward. The eight …

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How Warning Signs Hinted at Spain’s Unprecedented Power Outage

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

By David Latona, Emma Pinedo and Pietro Lombardi Power industry had sounded warnings Renewable energy boom makes grids vulnerable Nuclear plant closures add to challenges MADRID, May 2 (Reuters) – Spain suffered several power glitches and industry officials sounded repeated warnings about the instability of its power grid in the build up to its catastrophic …

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Shell Profit Beats Expectations, Buybacks Kept Steady

Energy Topics & Technology, Exploration & Production, Latest, US News / By

By Shadia Nasralla Q1 adjusted earnings $5.58 billion above forecast $4.96 billion Will buy back shares worth $3.5 billion in next three months Contrasts with BP that cut buybacks this year CEO says would rather buy back more shares than bid for BP LONDON, May 2 (Reuters) – Shell (SHEL.L) exceeded analyst expectations on Friday, …

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Exxon Beats Wall Street Profit Estimate, Boosted by Guyana and Permian Production

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

Summary Exxon on track to meet annual share repurchase target Lower-cost production in Permian, Guyana helps boost earnings Oil and gas production up from a year ago Shares rise about 1% in pre-market trade HOUSTON, May 2 (Reuters) – Exxon Mobil  on Friday beat Wall Street’s estimate for first-quarter profit as higher oil and gas production …

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Chevron Meets Wall Street Profit Estimates But Buts Buybacks in Q2

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Natural Gas, Oil, US News / By

Summary   Chevron maintains dividend and share buyback strategy despite lower crude prices Production flat year-over-year, impacted by asset sales Chevron’s Q1 oil and gas earnings drop from previous year HOUSTON, May 2 (Reuters) – Chevron  on Friday reported first-quarter earnings that met Wall Street estimates, but said it would spend less on share repurchases in …

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US, Ukraine May Wait Decade or More to See Revenue From Minerals Deal

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

The financial payoff from a new minerals deal between Ukraine and the U.S. is likely to take a decade or longer as investors face many hurdles to getting new mines into production in the war-ravaged country. Developing mines that produce strategically important minerals in countries with established mining sectors such as Canada and Australia can …

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