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Senate Bill Would Raise Value of Tax Credit to Use Captured CO2 to Produce More Oil

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

By Valerie Volcovici WASHINGTON, June 17 (Reuters) – A U.S. Senate panel proposed making the tax credit for capturing carbon emissions for recovering oil equal to the $85/metric ton tax credit for permanently burying those emissions underground, a boon for oil and gas producers. The finance committee proposed the change to the so-called 45Q tax …

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Plains All American Executes Definitive Agreements for $3.75 Billion Sale of NGL Business to Keyera

Latest, Press Releases / By

HOUSTON, June 17, 2025 (GLOBE NEWSWIRE) — Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) (collectively, “Plains”) announced today that it has executed definitive agreements with Keyera Corp. (TSX: KEY) (“Keyera”) pursuant to which Plains will sell substantially all of its NGL business to Keyera for a total cash consideration of approximately $5.15 Billion CAD …

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Petrobras and Exxon Team Up to Win Offshore Blocks in Brazil

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

By Mariana Durao and Gabriel Diniz Tavares Camila Borges, a representative for Exxon Mobil Corp., presents a bid during a public session of the Agencia Nacional do Petroleo (ANP) oil concession offer in Rio de Janeiro on June 17. Photographer: Dado Galdieri/Bloomberg Petrobras, Exxon Mobil Corp. and Chevron Corp. won exploration rights in Brazil’s Equatorial …

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Senate GOP Favors Round-The-Clock Power Over Solar and Wind

Conventional Energy, Geothermal, Latest, Nuclear, Renewable Energy, Solar, US News, Wind / By

The Senate’s tax bill would boost baseload electricity — including nuclear and geothermal power — while slashing incentives for intermittent sources. By Mark Chediak A cooling tower at a nuclear power plant in Middletown, Pennsylvania, in 2024. Photographer: Heather Khalifa/Bloomberg Senate Republicans would use their version of Donald Trump’s massive tax and spending bill to …

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UAE Oil Firm ADNOC Upping US Investments, Says AI Once-in-a Generation Investment Opportunity

Artificial Inteligence, Energy Topics & Technology, Latest, US News / By

(Reuters) – ADNOC chief Sultan al-Jaber said on Tuesday the state oil company of the United Arab Emirates was looking to grow its U.S. energy investments six-fold to $440 billion in the next 10 years. “For us, the United States is not just a priority; it is an investment imperative,” Jaber told an audience at …

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Iranian and Israeli Energy Sites Impacted by Conflict

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

(Reuters) – Military strikes between Iran and Israel have prompted concern about potential damage and disruption to the region’s important oil and gas fields and infrastructure. Below are details about these sites and about how they have been affected so far: SOUTH PARS GAS FIELD Israel struck an installation at the South Pars offshore gas …

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Mexico’s Pemex Payment Crisis: Suppliers Threaten July Shutdown

CDN and International News, Latest / By

(Reuters) – The Mexican association that groups major global oil services companies warned that it is going through an “unprecedented crisis” due to the lack of payments from the state-owned oil company Pemex, the world’s most indebted energy company. In a letter sent to President Claudia Sheinbaum and released on Monday afternoon, the association warned …

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