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Chevron Expected to Receive Expanded Venezuela License From US This Week, Sources Say

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Chevron is expected to receive an expanded Venezuela license from the U.S. government this week that could allow for increased production and exports from the South American country, three oil industry sources told Reuters on Wednesday. The U.S. oil producer is anticipated to be one of several firms to get approvals from President …

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US Completes First Venezuelan Oil Sales Valued at $500 Million, US Official Says

Conventional Energy, Latest, Oil, US News / By

(Reuters) – The U.S. has completed the first sales of Venezuelan oil that are part of a $2 billion deal reached earlier this month between Caracas and Washington, a U.S. official told Reuters on Wednesday. Additional sales are expected in the coming days and weeks, the official added. Revenue from the initial oil sales – …

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Rare Brand-New Oil Sands Project Starts Operating in Alberta

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

Blackrod SAGD goes full-scale after 15 years of pilot testing By Deborah Jaremko Follow CEC on LinkedIn  CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The Blackrod SAGD project. Photo courtesy International Petroleum Corporation For the first time in nearly eight years, a brand-new oil sands project is operating in Alberta. It’s …

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BP Flags up to $5 Billion in Energy Transition Impairments, Weak Oil Trading

CDN and International News, Latest, Oil / By

BP expects to book $4 billion to $5 billion in impairments in the fourth quarter, mainly related to its energy transition businesses, it said on Wednesday, while flagging weak oil trading. The company is rerouting spending from lower-carbon businesses to oil and gas in a bid to improve profitability under the new leadership of Chair …

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Venezuelan Oil Exports to China Set to Drop as US Blockade Limits cargoes 

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

Summary Only 3 shipments passed US blockade since mid-December Venezuelan oil in transit to Asia near 43 million barrels – Kpler Venezuelan oil discharges into China hit record in November – Vortexa China made up 75% of Venezuelan oil export in 2025 – PDVSA (Reuters) – China’s oil imports from Venezuela are expected to slump …

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Oil Climbs on Concerns Over Potential Supply Disruption in Iran Amid Threats

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

Summary Iran protests raise supply disruption fears, geopolitical risks Venezuela resumes oil exports amid US embargo reversal US crude stocks rise, API says, indicating looser supply-demand balance LONDON, Jan 14 (Reuters) – Oil prices rose on Wednesday for a ​fifth straight session on fears of Iranian supply disruptions due to a potential U.S. attack ‌on …

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US Files for Warrants to Seize Dozens More Venezuela-Linked Oil Tankers

Conventional Energy, Latest, Oil, US News / By

Summary US has seized five sanctioned vessels as it keeps grip on Venezuelan exports More seizures could come, but action paused since Friday Russia, which relies on shadow fleet, has said seizures were illegal (Reuters) – The U.S. government has filed for court warrants to seize dozens more tankers linked to the Venezuelan oil trade, …

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Canadian Oil Tycoon Proposes Aiding US in Venezuela’s Oil Revival

Conventional Energy, Latest, Oil, US News / By

A Canadian tycoon who heads one of North America’s fastest-growing oil companies is advocating for his country to lend its heavy oil expertise to the United States as it seeks to rebuild Venezuela’s oil industry. Adam Waterous, the executive chair of Strathcona Resources, said Canada’s decades of experience extracting oil sands crude make it uniquely …

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Whiting Refinery Workers Begin Contract Negotiations With BP

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

Workers at BP’s refinery in Whiting, Indiana are in contract negotiations with the British oil major, which has proposed changes including job cuts at the 440,000-barrel-per-day facility, the United Steelworkers union said on Tuesday. The local USW union represents around 800 workers at Whiting, the largest refinery in the U.S. Midwest. The current three-year collective …

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WTI Oil Discount to Brent Largest in Eight Months as More Venezuelan Crude Expected in US

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

(Reuters) – The discount on U.S. crude futures to the global benchmark Brent has grown by around $1 per barrel since the U.S. ousted Venezuelan President Nicolas Maduro on January 3 and took control of the South American country’s oil flows, redirecting millions of those barrels to U.S. ports in a move likely to boost …

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