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Frontera Signs Deal to Supply Crude Oil to Chevron Unit for Up to $120 Million

Conventional Energy, Latest, Oil, US News / By

Frontera Energy’s Colombian unit has signed a prepayment and commercial agreement worth up to $120 million with a unit of U.S. oil major Chevron to supply crude oil over two years, the Canadian oil producer said on Monday. Under the deal, Frontera will receive an initial $80 million advance and supply a portion of its crude output …

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TOP 10 RELECTIONS on Information Technology Developments in 2025 – Yogi Schulz

Artificial Inteligence, Conventional Energy, Energy Commentary, Energy Topics & Technology, Latest, LNG, Natural Gas, Nuclear, Oil, US News / By

By Yogi Schulz Information technology continues to develop rapidly, changing what’s possible. 2025 was no exception. Here are my Top 10 developments. Undoubtedly, there are multiple opportunities to apply these technologies more widely across your energy industry organization. 1. AI dominated every conversation In 2025, AI concepts, experimentation with generative AI, and speculation about future …

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Oil Jumps 2% as Investors weigh Ukraine Talks Against Supply Outlook

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

Summary Ukraine peace talks and Middle East tensions in focus US crude inventories expected to fall Distillate and gasoline stocks expected to rise Dec 29 (Reuters) – Oil prices rose by more than $1 on Monday as investors weighed talks between the U.S. and Ukrainian presidents on a possible deal to end the war in …

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White House Orders US Forces to Focus on ‘Quarantine’ of Venezuelan Oil for Next Two Months

Latest, Oil, US News / By

The White House has ordered U.S. military forces to focus almost exclusively on enforcing the “quarantine” of Venezuelan oil for at least the next two months, a U.S. official told Reuters on Wednesday.   “While military options still exist the focus is to first use economic pressure by enforcing sanctions to reach the outcome the …

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Oil Falls 2% on Looming Supply Glut, Hopes of Ukraine Peace Deal

Conventional Energy, Latest, Oil, US News / By

Summary Oil heading for largest annual decline since 2020 Global crude supply glut looms over investors Russia-Ukraine peace proposals in focus HOUSTON, Dec 26 (Reuters) – Oil prices settled more than 2% lower on Friday as investors weighed a looming global supply glut, while also keeping an eye on a potential Ukraine peace deal ahead …

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COMMENTARY: Emissions Are Still Rising. That Doesn’t Mean We’re Failing

Conventional Energy, Emission Reduction, Energy Topics & Technology, Environment, Latest, Natural Gas, Oil, US News / By

By Lara Williams Lara Williams is a Bloomberg Opinion columnist covering climate change. Takeaways by Bloomberg AI The Paris Agreement aims to limit climate change to “well below 2C above pre-industrial levels” and pursue efforts to keep the increase close to 1.5C, but carbon emissions continue to grow. Many experts believe the 1.5C temperature target is …

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Kazakhstan’s December Crude Exports Sink to 14-Month Low After Ukraine Drone Strikes

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

By Robert Harvey CPC Blend exports drop to 1.14 million bpd from initially planned 1.7 million bpd Kazakhstan may have to curb output, given lack of alternative export routes, analyst says Global oil majors hold stakes in Kazakh oil industry MOSCOW/LONDON, Dec 24 (Reuters) – Kazakhstan’s exports of its flagship CPC Blend of oil will …

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China Overtakes OPEC+ as the Main Oil Price Maker

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

Clyde Russell LAUNCESTON, Australia, Dec 23 (Reuters) – Conventional wisdom in the crude oil market is that producers such as OPEC+ largely determine the price by altering output levels to achieve a desired outcome. That shibboleth was challenged in 2025 by China, which used its status as the world’s biggest oil importer to provide an effective price floor …

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Malaysia’s Petronas signs LNG supply deal with China’s CNOOC

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

Malaysian state-owned energy firm Petroliam Nasional said on Wednesday it would supply Chinese offshore oil and gas company CNOOC with 1 million metric tons per annum of liquefied natural gas (LNG).   The agreement between Petronas LNG and CNOOC Gas and Power Singapore Trading & Marketing builds upon existing cooperation between the two companies, Petronas said in a …

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US Drillers Add Oil, Gas Rigs For First Time in Three Weeks, Baker Hughes Says

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

(Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Tuesday. The oil and gas rig count, an early indicator of future output, rose by three to 545 in the week to December …

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