Sunday, December 22, 2024

Pompeo To Meet Oil Executives, Push U.S. Crude Exports, Iran Policy – Reuters

From Reuters U.S. Secretary Of State Mike Pompeo will meet with top oil executives before he addresses a conference on Tuesday, seeking to get them to help the administration’s effort to boost crude exports to Asia and to support its policy of isolating Iran, according to three people at two companies briefed on the agenda. The outreach represents a significant

Oil & Gas 360 - Venezuela will stick to its plan of blending domestic and foreign crude to maintain and even increase oil production and exports in the face of sanctions prohibiting U.S. companies from buying the country’s oi

Venezuela’s Guaido Moves to Re-Open Energy Industry

From Reuters Venezuela’s interim government led by congress head Juan Guaido is preparing new legislation to reverse late President Hugo Chavez’s energy industry nationalization, allowing private companies a bigger role in its oilfields and shrinking state-run PDVSA, according to sources and a draft seen by Reuters. The proposal is vital to reverse a collapse of the OPEC-member nation’s oil industry,

Oil Surplus Makes Surprise Return Despite OPEC Cuts, IEA Says - Oil&Gas360

In Private Talks, OPEC Warns Wall Street on NOPEC

From Bloomberg OPEC is sending a clear message to Wall Street banks and big investors: if Washington passes legislation that would allow the U.S. government to sue the cartel, the first victim will be shale. Suhail Mohammed Al Mazrouei, the United Arab Emirates oil minister and the former president of OPEC, told a group of U.S. financiers Monday that if

EU plans work to double US LNG imports to 8 Bcm/year by 2023

From S&P Global Platts The EU will work to double its US LNG imports to at least 8 Bcm/year over the next four years, and seek to make the US a major gas supplier to Europe longer term, the European Commission said Friday. The EU is the world’s second biggest single gas market after the US, and already imports around

Big Oil Is Safe From Norway Divestments, for Now

From Bloomberg The oil majors are safe from divestments from the world’s largest wealth fund — for now. Plans presented last week by the Norwegian government to get the fund out of smaller oil and gas explorers were broadly welcomed by the country’s politicians, but are also being seized upon as an opening to further pressure oil majors such Royal

Canadian Crude Exports by Rail Uneconomic Amid Output Cuts: Suncor Executive

From Reuters Canada’s mandated oil production cuts are preventing Suncor Energy Inc, one of Canada’s biggest oil producers, from sending its heavy crude to the U.S. Gulf Coast by rail, a company official said in an interview on Tuesday. The Canadian oil producer is “interested in rail economics going forward,” but the rise in Canadian heavy crude prices since the

Iran to launch new development phases of South Pars gas field

From Reuters Iran is to launch four new phases at South Pars, the world’s largest gas field, with a production capacity of up to 110 million cubic meters per day, the oil ministry said on Twitter on Tuesday. No additional information was provided on when the four phases would be launched. Oil Minister Bijan Zanganeh told state TV last month