Saturday, February 22, 2025
Oil & Gas 360 - Canada Alberta Petrochemical plant canada flag 2

Canada’s Ultra-Cheap NatGas Fuels Hope of Petchem Boom

From Reuters Canada’s gas-rich province of Alberta is looking to recreate the building boom spreading along the U.S. Gulf Coast, where inexpensive natural gas generated billions of dollars in investment by petrochemical companies. The adoption by drillers of fracking technology to unlock oil and gas from shale rock expanded U.S. production dramatically starting a decade ago. That abundance has generated

Saudi Arabia Denies Aramco IPO Is Canceled

Saudi Arabia Denies Aramco IPO Is Canceled From The Wall Street Journal Saudi Arabia said Thursday it remained committed to publicly listing its national oil company at some point in the future, dismissing reports that the centerpiece of the country’s economic transformation plan had been canceled. Energy minister Khalid al-Falih in a statement said the government would list Saudi Arabian

Iran

Sweet & Sour: In the Race to Bag Iran’s European Oil Market Share, Quality Matters

From Reuters Two of Iran’s biggest OPEC rivals, Saudi Arabia and Iraq, are bagging its European oil market share by cranking up production of their lookalike crude grades before the restart of U.S. sanctions designed to halt exports from the Islamic Republic. Iran faces curbs on its energy sector from early November after U.S. President Donald Trump walked away in

Kuwait Expects Oil Exporters to Agree on Supply Monitoring Mechanism

  From Reuters OPEC and other oil exporting producers are expected to agree on a mechanism to monitor their crude production before the end of the year, Kuwaiti Oil Minister Bakhit al-Rashidi said on Wednesday. A committee set up by the Organization of the Petroleum Exporting Countries and allied non-OPEC exporters would review their crude output at a meeting in