Wednesday, December 25, 2024

Political Stumbles, Savvy Activists Knock Canada’s Oil Sector to Its Knees

From Reuters A decade ago, Canada’s oil sector was growing so fast it was predicted to become a global energy superpower, but a series of political missteps and formidable environmental activism has created a dysfunctional system requiring OPEC-style government intervention to move its oil to market. Canada produces 4.9 million barrels per day (bpd), more than any country other than

Want to Sue Venezuela For Millions? These Firms Can Help, For A Price

From Reuters As Venezuela collapses, one little-known U.S. investment fund is poised to win big from litigation against its socialist government: Tenor Capital Management. Since 2012, the New York firm has invested $76 million in Canadian mining firm Crystallex International Corp, largely to fund a lawsuit being waged against Venezuela for expropriating a gold mine. Now, Tenor stands to claim

Kosmos Energy Announces FID for Phase 1 of LNG Project

Offshore gas resource estimated at 15 Tcf Dallas-based deepwater oil and gas company Kosmos Energy Ltd (stock ticker: KOS) and its partners agreed today on a Final Investment Decision (FID) for Phase 1 of its Greater Tortue Ahmeyim project. The project will produce gas from a deepwater subsea system and mid-water floating production storage and offloading unit (FPSO) to a