Latest - Today in Oil and Gas

Zelenskiy Says ‘Let’s Do a Deal’, Offering Trump Mineral Partnership, Seeking Security

Energy Topics & Technology, Latest, Minerals, US News / By mark

By Tom Balmforth and Olena Harmash ‘Let’s do a deal,’ says Zelenskiy to Trump, offering rare earths Summary • In interview, Ukraine’s Zelenskiy offers mineral partnership to US • Zelenskiy emphasizes need for security guarantees in any deal • Ukrainian president keen to speak to Trump before Putin does Ukraine proposes using its gas storage …

Zelenskiy Says ‘Let’s Do a Deal’, Offering Trump Mineral Partnership, Seeking Security Read More »

Oil Prices Decline for 3rd Straight Week on Tariff Concerns

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By mark

Summary • Prices supported by new US sanctions on Iran crude exports • Offset by fears that trade tensions will hit demand • Trump also repeating pledge to increase US oil production (Reuters) – Oil prices finished with daily gains on Friday after new sanctions were imposed on Iran’s crude exports but prices were down …

Oil Prices Decline for 3rd Straight Week on Tariff Concerns Read More »

Trudeau Says Trump Talk of Absorbing Canada is ‘a Real Thing’, Says Source

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

(Reuters) – Prime Minister Justin Trudeau on Friday said U.S. President Donald Trump’s talk about absorbing Canada “is a real thing” and is linked to the country’s rich natural resources, a government source said. Trudeau made the remarks during a closed-door session of business and labor leaders on how best to respond to Trump’s threats …

Trudeau Says Trump Talk of Absorbing Canada is ‘a Real Thing’, Says Source Read More »

US Drillers Add Oil and Gas Rigs for Second Week in a Row, Baker Hughes Says

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

(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since July 2024, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by four …

US Drillers Add Oil and Gas Rigs for Second Week in a Row, Baker Hughes Says Read More »

Infinity Natural Resources’ IPO Nets Another $37MM

Latest / By mark

Underwriters of Infinity Natural Resources’ January IPO have fully exercised options to purchase additional Class A common stock at $20 per share.

Venture Global’s Calcasieu Pass LNG Project Gets Boost from FERC

Latest / By mark

The Federal Energy Regulatory Commission released a report responding to an appellate court’s questions over Venture Global LNG’s Calcasieu Pass 2 project.

Equinor Commences First Tranche of $5B Share Buyback

Latest / By mark

Equinor began the first tranche of a share repurchase of up to $5 billion.

Expand CFO: ‘Durable’ LNG, Not AI, to Drive US NatGas Demand

Latest / By mark

About three-quarters of future U.S. gas demand growth will be fueled by LNG exports, while data centers’ needs will be more muted, according to Expand Energy CFO Mohit Singh.

Energy Transition in Motion (Week of Feb. 7, 2025)

Latest / By mark

Here is a look at some of this week’s renewable energy news, including a milestone for solar module manufacturing capacity.

Venezuela’s PDVSA Resumes Light Crude Imports as Output Dwindles

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

(Reuters) – Venezuela’s state oil company PDVSA has resumed regular imports of light crude as its own output of medium and light grades dwindles, creating bottlenecks for producing exportable blends, according to company documents and vessel tracking data. U.S.-sanctioned Venezuela and Iran had a swap agreement that allowed PDVSA to import crude and condensate between …

Venezuela’s PDVSA Resumes Light Crude Imports as Output Dwindles Read More »