Wednesday, March 12, 2025
U.S. welcomes OPEC+ supply hike, questions Saudi Arabia’s place in isolating Russia- oil and gas 360- oil and gas 360

U.S. welcomes OPEC+ supply hike, questions Saudi Arabia’s place in isolating Russia

World Oil (Bloomberg) — OPEC+ agreed to open its oil taps faster in the summer months, a gesture of reconciliation to the U.S. that nevertheless keeps Russia at the heart of the cartel. The White House welcomed the deal, which came after months of diplomatic pressure on Saudi Arabia to mitigate the surge in energy prices that’s battered the economy

Brazil Greenlights Study of Petrobras Privatization, Analysts Remain Skeptical- oil and gas 360

Brazil greenlights study of Petrobras privatization, analysts remain skeptical

US News SAO PAULO – Brazil President Jair Bolsonaro’s government said it aims to include state oil company Petrobras in its privatization program on Thursday, despite analysts calling it a long-shot for the far-right leader seeking reelection. Rather than triggering privatization in itself, the move – not final until Bolsonaro signs a decree – would enable the country’s Investment Partnerships

U.S. Midwest in danger of rotating power blackouts this summer- oil and gas 360

U.S. Midwest in danger of rotating power blackouts this summer

Reuters The power grid in the Central United States could be forced to impose rotating blackouts on some of the hottest days of the summer due to rising demand and plant retirements, federal energy officials said in an online energy comment on Friday. Extreme weather is causing increasing challenges for power grids across the United States, and officials are concerned

Ukraine signs deal with Westinghouse to end Russian nuclear fuel needs- oil and gas 360

Ukraine signs deal with Westinghouse to end Russian nuclear fuel needs

Reuters Ukraine has signed a deal for the U.S. nuclear power company Westinghouse to supply fuel to all of its atomic power stations in an effort to end the country’s reliance on Russian supplies, Ukraine’s state nuclear company said on Friday. The agreement also increases the number of new nuclear units Westinghouse will build to nine from an earlier five, and

Shell to develop Crux natural gas field offshore Western Australia- oil and gas 360

Shell to develop Crux natural gas field offshore Western Australia

World Oil Shell Australia and its joint venture partner, SGH Energy, have taken a final investment decision to approve the development of the Crux natural gas field, off the coast of Western Australia. Crux will provide further supplies of natural gas to the existing Prelude floating liquefied natural gas (FLNG) facility. “This project forms an important part of Shell’s integrated