Live Breaking News & Updates on Eavy oil

Stay informed with the latest breaking news from Eavy oil on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in Eavy oil and stay connected to the pulse of your community

Canada's Oil Majors Are Sitting Out The Energy M&A Wave

Experts are predicting that it’s not very likely that Canada’s oil majors will continue sitting out the M&A wave since they are not immune from the factors driving consolidation

Vancouver , British-columbia , Canada , Canadian , Alex-kimani , Canadian-natural-resources-ltd , Deloitte , Crescent-point-energy-corp , Chevron-corp , Occidental-petroleum , Tourmaline-oil-corp , Peyto-exploration-development-corp

Commentary: LatAm Outlook 2024—Top Five Economies to Watch and Why

In 2024, energy investors interested in Latin America will likely find the most attractive opportunities linked to developments in Argentina, Brazil, Guyana, Mexico and Venezuela. That’s if they can hold their nerves amid ongoing uncertainties mainly tied to politics in many of the countries.

Brazil , Guyana , Malaysia , Stabroek , Demerara-mahaica , Payara , Apure , Venezuela , Georgetown , United-states , Trinidad-and-tobago , Buenos-aires

Canada's $26 Billion Investment In Trans Mountain Pipeline May Not Pay Off

The federal government of Canada may never fully recover the more than a dozen billion U.S. dollars of costs to have the TransMountain pipeline project up and running

Calgary , Alberta , Canada , United-kingdom , British , Tsvetana-paraskova , Herald-chris-varcoe , Commission-of-the-canada-energy-regulator , Calgary-herald , Canada-energy-regulator , Reuters , Indigenous-pipeline-group

Venezuela's Oil Exports Plunge By 38% From Three-Year High

After hitting a three-year high in July, Venezuela’s oil exports collapsed 38% in August due to outages at two crude blending units.

Venezuela , China , Washington , United-states , Tsvetana-paraskova , China-national-petroleum-corporation , Biden-administration , Chevron , Pdvsa , Us-administration , Reuters , Rude-oil

The Looming Oil Crisis The World Is Ignoring

The world's dependency on heavy oil for producing essential fuels like diesel and jet fuel is under threat due to economic and logistical challenges, revealing a deeper crisis than widely acknowledged.

Russia , India , Saudi-arabia , China , Norway , Venezuela , Philippines , Vietnam , Republic-of , United-kingdom , Canada , Chinese

Growth in global oil demand is set to slow significantly by 2028

Growth in the world’s demand for oil is set to slow almost to a halt in the coming years, with the high prices and security of supply concerns highlighted by the global energy crisis hastening the shift towards cleaner energy technologies, according to a new IEA report.

United-states , Russia , Ukraine , United-arab-emirates , China , Saudi-arabia , Brazil , Guyana , Iraq , Chinese , Russian , Fatih-birol

Indonesia: Criterium Energy announces transformative acquisition of Mont D'Or Petroleum and C$22 million public offering

Criterium Energy has executed a sale and purchase agreement to acquire all the issued and outstanding shares of Mont D'Or Petroleum('MOPL'). MOPL holds 100% operating working interests in two Production Sharing Contracts in Indonesia, the Tungkal PSC located onshore South Sumatra and the West Salawati PSC located in Southwest Papua.

Canada , Tungkal , Nusa-tenggara-timur , Indonesia , South-sumatra , Sumatera-selatan , London , City-of , United-kingdom , Stifel-firstenergy , Robin-auld , Mont-dor-petroleum-limited

US: Earthstone Energy announces $1.0 billion Delaware Basin acquisition

Earthstone Energy has entered into an agreement to acquire Novo Oil & Gas Holdings, a privately-held Delaware Basin focused E&P company backed by EnCap Investments, for $1.5 billion. Concurrently, Northern Oil and Gas, Inc. will acquire working interests equal to a pro-rata 33 1/3% of the oil and gas assets of Novo for $0.5 billion from Earthstone, resulting in a $1.0 billion purchase price net to Earthstone for the retained 66 2/3% interest.

New-mexico , United-states , Culberson-county , Texas , Delaware , Richardson-barr , Robertj-anderson , Earthstone-energy , Vinson-elkins , Exchange-commission , Novo-oil-gas-holdings , Gas-inc

US: TotalEnergies strengthens its position in LNG by partnering with GIP and NextDecade on a new LNG project in Texas

TotalEnergies has signed a framework agreement with the US company NextDecade to participate in the development of the Rio Grande LNG (RGLNG) project, a liquefied natural gas (LNG) plant located in South Texas.

Texas , United-states , Patrick-pouyann , Us-federal-energy-regulatory-commission , Rio-grande , Global-infrastructure-partners , E-ampp-news , Il-and-gas-exploration , Xploration-and-production , Pstream , Ffshore , Drilling

US: RWE connects its first utility-scale battery storage project to the California grid

RWE continues to expand its renewables portfolio in the U.S., connecting its first utility-scale battery energy storage system (BESS) to the California Independent System Operator. The project, named Fifth Standard, also includes a 150-megawatt (MWac) solar PV facility, expected to be complete in August.

California , United-states , Fresno-county , Fresno , Mark-noyes , Clean-energy , Fifth-standard , California-independent-system , E-ampp-news , Il-and-gas-exploration , Xploration-and-production , Pstream