World Oil (Bloomberg) –Higher natural gas prices and lower shipping rates are increasing the draw of U.S. liquefied natural gas cargoes to Europe over more traditional winter markets in Asia. As of Thursday afternoon, there were 41 U.S. LNG cargoes with either declared destinations in Europe or on a likely path to the natural gas-starved continent, compared with 24 heading
Reuters MILAN – U.S. investment firm Sixth Street Partners has emerged as the leading bidder for the power generation unit of Italian energy group Eni and is in advanced talks to buy a minority stake in the business, three sources told Reuters on Friday. Eni, advised by JPMorgan, is looking to sell a stake of up to 49% in
Reuters The Senate on Thursday failed to pass a bill sanctioning the Nord Stream 2 pipeline, after the Biden administration aggressively lobbied Democrats to defeat Sen. Ted Cruz’s effort to target the Putin-backed project. Why it matters: The 55-44 vote is the culmination of Cruz’s months-long push to force Democrats into an uncomfortable vote on Nord Stream 2, which the Ukrainian
Nasdaq MEXICO CITY, Jan 13 – Mexican state oil company Petroleos Mexicanos will take control of the Deer Park refinery in Houston, Texas on Jan. 20, three sources with knowledge of the matter said on Thursday. Royal Dutch Shell RDSa.L in May agreed to sell its majority stake in the Deer Park refinery, which can process up to 340,000 barrels per day
EDMONTON, Alberta, Jan. 14, 2022 (GLOBE NEWSWIRE) — A new $30 million funding opportunity …
World Oil CALGARY (Bloomberg) –Canada will face challenges in retaining its status as a global oil and gas power in a world transitioning toward net zero carbon emissions by mid-century, the International Energy Agency said. The country seeks to remain “a major global oil and gas supplier” beyond 2050 even as countries, including Canada itself, push toward emission cuts,
Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had an increase of 13 over last week, resulting in a total count of 601 rigs. Canada had an increase of 50 over last week, resulting in a total Canadian count of 191 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Eagle Ford,
Oil producers benefited from rallying oil prices last year. However, the forthcoming interest…
Reuters NEW YORK, USA – Two months after US President Joe Biden announced an unprecedented effort among major oil consuming economies to work together to bring down rising fuel prices, prices are again approaching multiyear highs. And Biden has few options to stop the rally. Global benchmark Brent crude passed $84 a barrel on Wednesday, January 12, and leading analysts are forecasting that oil could
World Oil CALGARY (Bloomberg) –Exxon Mobil is looking to sell its Canadian shale assets to focus on Alberta’s oil sands. Exxon and its majority-owned Imperial Oil Ltd. unit will start marketing XTO Energy Canada, which produces 9,000 barrels a day of crude and 140 million cubic feet a day of natural gas in the Montney and Duvernay shale formations
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