Indian Buyers of Venezuelan Oil Halt Imports on Sanction Fears: Indian buyers of Venezuelan oil — including billionaire Mukesh Ambani’s Reliance Industries Ltd ...
bloomberg.com/news/articles/2024-03-26/indian-buyers-of-venezuelan-oil-halt-imports-on-sanction-fears
Mumbai becomes Asia's billionaire capital, topped by Mukesh AmbaniWith 92 billionaires, India's financial hub Mumbai has overtaken Beijing as Asia's ... Show more
Trafigura to Pay $126 Million and Plead Guilty to Brazil Bribes: Trafigura Group will pay $126 million and plead guilty to US charges related to bribery in ...
bloomberg.com/news/articles/2024-03-27/trafigura-to-pay-126-million-and-plead-guilty-to-brazil-bribes
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Gazprom buys former Shell stake in Sakhalin Energy for $1 billion: Sakhalin Project is fully owned by Gazprom, company filings showed
business-standard.com/world-news/gazprom-buys-former-shell-stake-in-sakhalin-energy-for-1-billion-124032600359_1.html
Trafigura Pleads Guilty to a Decade of Oil Bribery in Brazil: Trafigura Group pleaded guilty to a decade of bribery in Brazil, in the latest in a string of ...
bloomberg.com/news/articles/2024-03-28/trafigura-pleads-guilty-to-a-decade-of-oil-bribery-in-brazil
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India's financial hub Mumbai has overtaken Beijing as Asia's billionaire capital for the first time, led by business leaders including Mukesh Ambani of ... Show more
This snowboard is made from paper — and it shreds like a dream: Professional freeride snowboarder Cody Bramwell carves through the deep white powder ...
thenextweb.com/news/paper-snowboard-papershell-snowsurfing-sweden-circular-tech
Greece's DEPA files for arbitration over prices in Gazprom deal: Greek gas supplier DEPA Commercial has filed for arbitration to seek a price revision on its gas ...
reuters.com/markets/commodities/greeces-depa-files-arbitration-over-prices-gazprom-deal-2024-03-28/
Schröder hopes that his good relationship with Putin could perhaps be helpful: “It is obvious that the war cannot end with a total defeat for one side or the ...
welt.de/politik/deutschland/article250781284/Schroeder-hofft-dass-sein-gutes-Verhaeltnis-zu-Putin-vielleicht-noch-hilfreich-sein-koennte.html
BJP top pick for two Reliance-linked electoral bond donors. Donated Rs 400 crore in total
reporters-collective.in/trc/bjp-top-pick-for-two-reliance-linked-electoral-bond-donors
Hess board recommends shareholders vote in favor of Chevron merger -filing: Hess Corp on Thursday said in a securities filing that its board unanimously ...
reuters.com/markets/deals/hess-board-recommends-shareholders-vote-favor-chevron-merger-filing-2024-03-28/
Phillips 66 explores sale of REX interstate pipeline stake worth over $1 billion, sources say
reuters.com/markets/deals/phillips-66-explores-sale-rex-interstate-pipeline-stake-worth-over-1-billion-2024-03-26/
Crude output at Mexico's Pemex slumps to more than four-decade low: Mexican state energy company Pemex said its crude oil production in February hit its lowest ...
reuters.com/markets/commodities/crude-output-mexicos-pemex-slumps-more-than-four-decade-low-2024-03-26/
Quick Glance: Crude output at Mexico's Pemex drops to over four-decade low
- Mexican state energy company Pemex reported its lowest monthly crude oil production in 45 years in February, falling short of the goals set by outgoing President Andres Manuel Lopez Obrador.
- Pemex pumped an average of 1.55 million barrels per day in February, the lowest since 1979, well below the targeted 1.9 million bpd.
- The highly indebted company has seen production decline steadily from its peak of 3.4 million bpd two decades ago due to aging oil fields and insufficient new discoveries.
- Despite government efforts to support Pemex, described as a 'rescue' by the administration, experts note that the unprecedented spending has not led to increased production as anticipated.
PetroVietnam Gas signs deal to buy 70,000 metric tons LNG from QatarEnergy: PetroVietnam Gas said on Wednesday it has signed a contract with QatarEnergy to buy ...
reuters.com/business/energy/petrovietnam-gas-signs-deal-buy-70000-metric-tons-lng-qatarenergy-2024-03-27/
Trading house Mercuria to hire ex Shell LNG head Steve Hill: Energy trader Mercuria will hire prominent gas trader Steve Hill, formerly head of LNG at Shell ...
reuters.com/business/energy/energy-trading-house-mercuria-hire-former-shell-lng-head-steve-hill-sources-say-2024-03-26/
Reliance leads rise in Indian shares; realty stocks extend rally: Indian shares rose on Wednesday led by heavyweight Reliance Industries after Goldman Sachs set ...
reuters.com/world/india/indian-shares-set-open-little-changed-global-rally-comes-halt-2024-03-27/
JERA, Exxon to explore development of hydrogen and ammonia production project in US
reuters.com/business/energy/jera-exxon-explore-development-hydrogen-ammonia-production-project-us-2024-03-25/
Sinopec's 2023 net income falls 9.9% in 'complicated environment': China Petroleum & Chemical Corp , better known as Sinopec, reported a 9.9% decline in 2023 net ...
reuters.com/business/energy/sinopecs-2023-net-income-falls-99-complicated-environment-2024-03-24/
Mega opportunity India: This share now offers almost 40% upside potential: In emerging markets you usually invest broadly. One single share is enough - Reliance ...
boerse-online.de/nachrichten/aktien/mega-chance-indien-diese-aktie-bietet-jetzt-fast-40-kurschance-20352768.html
Trafigura to pay $127 million over US DOJ probe: Commodity trader Trafigura on Thursday said it has agreed to pay about $127 million as part of a plea agreement ...
reuters.com/markets/commodities/trafigura-pay-127-million-over-us-doj-probe-2024-03-28/
Can this $12 handset help bridge India's digital divide with affordable Internet access?
Learn more about global access to mobile phones: ow.ly/X4f450QZCVB Jio
Nigeria’s high-cost oil industry is in decline: That will leave a gaping hole in exports and public finances
economist.com/middle-east-and-africa/2024/03/21/nigerias-high-cost-oil-industry-is-in-decline
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Enbridge to form natural gas supply venture connecting Permian and Gulf coast: Canadian pipeline operator Enbridge said on Tuesday it would form a venture with I ...
reuters.com/business/energy/enbridge-form-natural-gas-supply-venture-2024-03-26/
Georgia-Pacific spinoff urges US Supreme Court to skip review of Texas two-step tactic
reut.rs/3vfVHcM
Ex-Mara Corp boss: Bumi players’ ire over Petronas solar deal justified: With a closed tender, Petronas denied them equal opportunity to compete, he says.
malaysiakini.com/news/700857
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Mexico's Pemex bids for more favorable financing rates with sustainability plan: Mexican state energy company Pemex hopes to access financing at more favorable ...
reuters.com/business/energy/mexicos-pemex-bids-more-favorable-financing-rates-with-sustainability-plan-2024-03-25/
Sustainable aviation fuel costs must be lower, Exxon VP says: Costs are the main obstacle to increasing the use of sustainable aviation fuel (SAF) ...
reuters.com/sustainability/climate-energy/sustainable-aviation-fuel-costs-must-be-lower-exxon-vp-says-2024-03-22/
Oil Prices Rise on Supply Cuts: Oil prices jumped more than $1 per barrel Thursday, ending the month higher. OPEC+'s ongoing production cuts
riotimesonline.com/oil-prices-rise-on-supply-cuts/
Saudi Aramco chief calls energy transition strategy a 'misguided' failure: Pointing to the still paltry share of renewable energy in global supply ...
france24.com/en/middle-east/20240327-saudi-aramco-chief-calls-energy-transition-strategy-a-misguided-failure
PGA’s Monahan Had Constructive Talks With Saudi's PIF About Possible Investment
bloomberg.com/news/articles/2024-03-19/pga-s-monahan-had-constructive-talks-with-pif-s-al-rumayyan
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The most underpriced stocks right now: Wall Street seems bored by these big household names
qz.com/most-underpriced-stocks-chevron-goldman-sachs-verizon-1851357002
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China's CNPC to join decarbonization pledge, COP28 president says: COP28 President Sultan Al Jaber said China National Petroleum Corp (CNPC) would soon join a ...
reuters.com/business/energy/chinas-cnpc-join-decarbonization-pledge-cop28-president-says-2024-03-20/
Quick Glance: CNPC to Join Decarbonization Pledge, Says COP28 President
- COP28 President Sultan Al Jaber announced that China National Petroleum Corp (CNPC) would join a pledge by oil and gas companies to cut methane emissions to zero by 2030 and achieve net zero emissions by or before 2050.
- 52 international and national oil companies have already signed the Oil and Gas Decarbonization Charter, representing 44% of oil production.
- CNPC has stated its aim to peak its carbon emissions by around 2025, reaching near-zero emissions by 2050, a decade ahead of China's carbon neutrality target of 2060.
- Criticism from climate activists about the summit being held in the United Arab Emirates, a leading oil exporter and OPEC member, was dismissed by Jaber, who also chairs UAE renewable energy firm Masdar.
LNG growth to be met by other countries if US walks away -Baker Hughes CEO: If the U.S. pulls back from permitting new liquefied natural gas (LNG) export plants ...
reuters.com/markets/commodities/ceraweek-lng-growth-be-met-by-other-countries-if-us-walks-away-baker-hughes-ceo-2024-03-21/
Saudi Aramco gas output to rise 60% by 2030 - Exec: Saudi state energy giant Saudi Aramco will increase gas output by 60% by 2030, Aramco's Executive Vice ...
reuters.com/business/energy/ceraweek-saudi-aramco-gas-output-rise-60-by-2030-exec-2024-03-20/
I Tried Aescape's Robot-Arm-Powered Massage Table—and Loved Being in Control: The Aescape has robot arms designed to deliver a custom spa-like massage—all for ...
wired.com/story/hands-on-aescape-automated-massage/
Credit Agricole says it will not fund two major LNG projects: Credit Agricole said on Monday that it would not provide financing to two major liquefied natural ...
reuters.com/business/finance/credit-agricole-says-it-will-not-fund-rovuma-lng-project-2024-03-25/
Chevron surprised when Exxon filed for arbitration over Guyana - CEO: Chevron was surprised when Exxon Mobil filed for arbitration over Chevron's plans to buy ...
reuters.com/business/energy/ceraweek-chevron-surprised-when-exxon-filed-arbitration-over-guyana-ceo-2024-03-19/
Australia's Woodside to boost North America LNG purchases 5-fold: HOUSTON, Texas -- Australia's Woodside Energy Group plans to significantly step up ...
asia.nikkei.com/Business/Energy/Australia-s-Woodside-to-boost-North-America-LNG-purchases-5-fold
Saudi Arabia plans $40 bln push into artificial intelligence, NYT reports: Saudi Arabia's government plans to create a fund of about $40 billion to invest in ...
reuters.com/world/middle-east/saudi-arabia-plans-40-bln-push-into-artificial-intelligence-nyt-reports-2024-03-19/
Exclusive: Mexico's Pemex put off repairs despite vast methane leaks: documents and sources
reuters.com/business/environment/mexicos-pemex-put-off-repairs-despite-vast-methane-leaks-documents-sources-2024-03-22/
Quick Glance: Mexico's Pemex Delays Repairs Leading to Significant Methane Leaks
- Pemex postponed urgent repairs at a crucial offshore platform, resulting in methane emissions.
- New data reveals recent methane leaks from the platform in the Gulf of Mexico.
- Engineers have urged the replacement of faulty parts and immediate repairs.
- Scientists have linked flares and methane emissions, highlighting environmental concerns.
Sinopec Says Massive Green Hydrogen Plant Has Boosted Run Rates: China Petroleum & Chemical Corp.’s green hydrogen plant in Xinjiang, the world’s largest ...
trib.al/OkbrSgZ
China's CNOOC discovers 100 million ton oilfield in Bohai Sea: China's CNOOC Ltd has made a major oilfield discovery in the Bohai Sea, adding over 100 million ...
reuters.com/business/energy/chinas-cnooc-discovers-100-million-ton-oilfield-bohai-sea-2024-03-18/
Exxon Mobil eyes 2 million bpd of output in the Permian by 2027: Exxon Mobil will bring its Permian basin output up to 2 million barrels per day by 2027 ...
reuters.com/markets/commodities/exxon-mobil-eyes-2-million-bpd-output-delaware-by-2027-2024-03-19/
Winter gas threat grows in Victoria, NSW as offshore fields dry up: Gas users are in danger of winter shortfalls sooner than originally feared as ExxonMobil and ...
theage.com.au/business/the-economy/winter-gas-threat-grows-in-victoria-nsw-as-offshore-fields-dry-up-20240320-p5fdvb.html
Controversial former Chancellor: Schröder does not want to be erased from SPD history
spiegel.de/politik/deutschland/gerhard-schroeder-altbundeskanzler-will-in-der-spd-geschichte-praesent-bleiben-a-cfc63cac-b41e-412b-a13b-b2f006c560c6
Trinidad in talks with US for BP gas project shared with Venezuela -minister: The government of Trinidad and Tobago has begun talks with the U.S ...
reuters.com/business/energy/ceraweek-trinidad-talks-with-us-bp-gas-project-shared-with-venezuela-min-2024-03-21/
The Ambani Gala Expands the Limits of the Big Fat Indian Wedding: Apart from indicating social status and wealth, in the age of social media ...
newlinesmag.com/spotlight/the-ambani-gala-expands-the-limits-of-the-big-fat-indian-wedding/
Quick Glance: The Ambani Gala Redefines the Big Fat Indian Wedding
- The iconic Bollywood Khan trio's free performance was a standout moment.
- International music legends like Rihanna and Akon, along with high-profile figures, attended.
- The extravagant attire and catering also garnered attention.
- The celebrations showcased the social significance of weddings in Indian society and the influence of the Ambanis.
Petrobras exec says offshore Colombia project could find enough gas for exports: A promising area off Colombia's coast where Brazil state-run Petrobras is ...
reuters.com/business/energy/ceraweek-petrobras-exec-says-offshore-colombia-project-could-find-enough-gas-2024-03-20/
Quick Glance: Petrobras Exec Foresees Abundant Gas in Offshore Colombia for Exports
- Petrobras aims to extract sufficient gas for exports in a promising area off Colombia's coast.
- Brazil's Petrobras is expanding into new regions like Colombia as oil production in the country's presalt region is expected to stabilize.
- The gas discovery in Colombia's Tayrona block could yield more gas than the country requires, creating export opportunities.
- Petrobras plans to determine the project's scale and gas commercialization after evaluating the wells, potentially including LNG facilities.
ExxonMobil's CEO says fighting climate change shouldn't mean getting rid of oil: The emissions associated with the combustion' of oil is the problem
qz.com/exxon-ceo-carbon-capture-climate-change-1851348114
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Shell to divest around 1,000 gas stations as it expands EV charging: Shell, with its U.S. headquarters in Houston, is one of several oil majors jumping into EV ...
houstonchronicle.com/business/energy/article/shell-ev-charging-gas-station-19367192.php
New to Streaming: Inside the Yellow Cocoon Shell, Road House, Anselm, Dad & Step-Dad & More
thefilmstage.com/new-to-streaming-inside-the-yellow-cocoon-shell-road-house-anselm-dad-step-dad-more/
Five killed in fire at Perenco oil platform offshore Gabon: Five people were killed and one is missing after a fire on Wednesday at a Perenco oil platform off ...
reuters.com/world/africa/five-killed-fire-perenco-oil-platform-offshore-gabon-2024-03-21/
Top Wall Street analysts like these dividend stocks for portfolio income: TipRanks' analyst ranking service highlights Wall Street's best-performing stocks ...
cnbc.com/2024/03/24/top-wall-street-analysts-like-these-dividend-stocks-for-portfolio-income.html
Shell sells stake in SouthCoast Wind Energy to Ocean Winds North America: Energy firm Shell said on Wednesday it had sold its 50% stake in SouthCoast Wind Energy ...
reuters.com/markets/deals/shell-sells-stake-southcoast-wind-energy-ocean-winds-north-america-2024-03-20/
BP plans to reduce German oil refinery's oil processing capacity -executive: BP plans to reduce the crude processing capacity of its Gelsenkirchen oil refinery ...
reuters.com/business/energy/ceraweek-bp-plans-reduce-german-oil-refinerys-oil-processing-capacity-executive-2024-03-20/
US oil output to exceed 14 million bpd and then plateau, says Conoco chief: U.S. oil production will grow to exceed 14 million barrels per day and then plateau ...
reuters.com/business/energy/us-oil-output-exceed-14-million-bpd-then-plateau-says-conoco-chief-2024-03-19/
Trans Mountain oil pipeline begins filling ahead of final construction challenges
reuters.com/business/energy/ceraweek-trans-mountain-oil-pipeline-begins-filling-ahead-final-construction-2024-03-20/
Quick Glance: Trans Mountain Pipeline Initiates Oil Filling Before Final Construction Challenges
- Trans Mountain Corp has commenced filling its pipeline expansion with oil as construction of the long-delayed project nears completion. The pipeline expansion will face technical challenges in the next two weeks as it completes the last segment in British Columbia.
- The Canadian government-owned C$34 billion pipeline expansion is set to nearly triple the flow of crude from Alberta to Canada's Pacific Coast to 890,000 barrels per day. The pipeline, expected to be operational in the second quarter, is anticipated to boost Canadian crude prices amid increasing production by producers.
- Technical challenges involve stringing pipeline through hard rock in the final segment. Trans Mountain received approval from the Canada Energy Regulator to use smaller-diameter pipe on this segment.
- In addition to finishing construction, Trans Mountain is in dispute with shippers over tolls to be charged, a situation likely to be resolved by the regulator in early 2025. Suncor Energy reportedly sold one of the first cargoes to China's Sinochem Group.
Global LNG market will 'be tight' until 2026 - TotalEnergies CEO: The global liquefied natural gas (LNG) market will be tight until 2026, Patrick Pouyanne ...
reuters.com/markets/commodities/ceraweek-global-lng-market-will-be-tight-until-2026-totalenergies-ceo-2024-03-18/
Petrobras (PETR4 BZ) Boosts LNG Imports With Rota 1 Gas Pipeline Off Line: Brazilian state-controlled oil company Petrobras is turning to liquefied natural gas ...
bloomberg.com/news/articles/2024-03-20/petrobras-lifts-lng-imports-to-offset-major-pipeline-maintenance
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Global LNG demand is picking up due to low prices - Shell CEO: Global demand for liquefied natural gas (LNG) is picking up due to a recent fall in prices ...
reuters.com/business/energy/ceraweek-global-lng-demand-is-picking-up-due-low-prices-shell-ceo-2024-03-18/
Mumbai overtakes Beijing as Asia’s billionaire capital; Mukesh Ambani is 10th richest man in world: Report
indianexpress.com/article/world/world-richest-people-2024-india-billionaires-mukesh-ambani-9233562/
CERAWEEK Saudi Aramco CEO says no peak in oil demand for some time to come: Global oil demand will not peak for some time so policy makers need to ensure ...
reuters.com/business/energy/ceraweek-saudi-aramco-ceo-argues-re-set-energy-transition-timetables-2024-03-18/
Quick Glance: Saudi Aramco CEO Disputes Peak in Oil Demand
- Saudi Aramco CEO Amin Nasser emphasized at the CERAWeek conference in Houston that global oil demand will not peak for the foreseeable future.
- Nasser urged policymakers to ensure sufficient investment in oil and gas to meet consumption needs and to abandon the fantasy of phasing out fossil fuels.
- He forecasted a new record of 104 million barrels of oil per day in 2024 and argued that the peak of oil demand is unlikely by 2030.
- Nasser stated that reducing greenhouse gas emissions from hydrocarbons through technologies like carbon capture achieves better results than alternative energies.
Trans Mountain Pipeline expansion to be complete by end of May - Alberta Premier: Line fill of Canada's Trans Mountain crude oil pipeline expansion will be ...
reuters.com/business/energy/ceraweek-trans-mountain-pipeline-expansion-be-complete-by-end-may-alberta-2024-03-19/
Quick Glance: Trans Mountain Pipeline Expansion Set to Finish by End of May - Alberta Premier
- Line fill of Canada's Trans Mountain crude oil pipeline expansion will be complete by the end of May, with the first waterborne exports from the expanded system starting a month later, according to Alberta Premier Danielle Smith.
- The Canadian government-owned C$30.9 billion pipeline expansion will nearly triple the flow of crude from Alberta to Canada's Pacific Coast to 890,000 barrels per day, but has faced years of delays and cost overruns.
- Line fill is the final step before the expanded pipeline goes into service, offering additional access for Canadian oil to refineries on the U.S. West Coast and in Asia.
- Trans Mountain stated that the service for the pipeline expansion will commence in the second quarter, aligning with Alberta Premier's statements during the CERAWeek energy conference in Houston.
Shell appoints Joiner in reshuffle of gas, power trading unit: Shell has appointed Greg Joiner to head its Shell Energy unit which oversees renewable generation ...
reuters.com/business/shell-appoints-greg-joiner-head-power-gas-marketing-arm-2024-03-19/
Idemitsu raises stake in Fuji Oil, eyes holding 20%: Idemitsu Kosan , Japan's second-biggest oil refinery, said on Tuesday it will raise its stake in Fuji Oil to ...
reuters.com/markets/deals/idemitsu-raises-stake-fuji-oil-eyes-holding-20-2024-03-19/
Hydrogen adoption will cost Europe, US more than $1 trillion: Europe and the U.S. will have to spend in excess of $1 trillion for building infrastructure to ...
reuters.com/business/energy/ceraweek-hydrogen-adoption-will-cost-europe-us-more-than-1-trillion-2024-03-18/
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