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US Extends License Protecting Citgo From Creditors to March 2025

Latest, US News / By

By Daphne Psaledakis and Marianna Parraga WASHINGTON/HOUSTON, Nov 7 (Reuters) – The U.S. Treasury Department on Thursday extended a license protecting Venezuela-owned Citgo Petroleum from bondholders to March 2025, a key decision amid a seven-year-long legal case in which the refiner’s parent might be auctioned to pay creditors. Citgo’s parent, PDV Holding, was found liable …

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Pipeline Operator TC Energy’s Profit Beats on N America Natgas Demand

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By Seher Dareen Company’s US natgas pipeline unit earnings rise to C$1.33 bln from C$782 mln LNG exports, coal plant retirements, AI data centres drive North America natgas demand Nov 7 (Reuters) – TC Energy (TRP.TO) reported a third-quarter profit ahead of analysts’ estimates on Thursday as it transported more natural gas through its pipelines in …

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New Fortress Energy Expects Lower LNG Volumes in Fourth Quarter

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HOUSTON, Nov 7 (Reuters) – Energy infrastructure company New Fortress Energy (NFE.O) expects slightly lower liquefied natural gas (LNG) volumes in fourth quarter 2024 because of repairs it performed on a valve in October, CEO Wesley Edens said on Thursday. Its floating LNG facility offshore of Altamira, Mexico, completed its commissioning process and was operating …

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Argo’s September 2024 oil production and update

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Toronto, Ontario–(Newsfile Corp. – November 7, 2024) – Argo Gold Inc’s. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) (“Argo” or the “Company“) September 2024 oil production was a total of 3,565 barrels for the month, averaging 118 barrels per day. Oil prices averaged CDN$68 per barrel and Argo’s September oil revenue …

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How Trump’s Second Administration Affects Business: Energy, Musk, Tariffs and More

Coal, Conventional Energy, Latest, LNG, Natural Gas, Oil, Renewable Energy, Solar, US News, Wind / By

Donald Trump’s return to the White House after winning the Nov. 5 U.S. presidential election may reshape American business. Much depends on whom he appoints as deputies and cabinet members, including the role of Tesla CEO Elon Musk, and what tariffs he enacts. Following are some major issues and sectors to watch: WHAT ROLE WILL …

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Oil Imports Into China Decline Again as Top Buyer Cuts Back

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

Year-to-date inflows more than 3% lower amid wider slowdown Local refiners have been reducing throughput on weaker margins Bloomberg Oil imports into China sank again last month, highlighting soft consumption in the largest buyer just as traders weighed the implications of Donald Trump capturing the White House and potential supply rises from OPEC+. Imports contracted …

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Global Solar Capacity Hits 2 TW on Path to Climate Goal, Data Shows

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

(Reuters) – Global solar capacity has reached a record 2 terawatts (TW) of capacity, with more added in the last two years than the previous 68 combined, exclusive data from the sector’s global industry group shared with Reuters showed. The updated figures have not previously been published, and the Global Solar Council said they give …

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