South American tar sands producer and Spanish energy major have inked a transformative deal for their joint oil venture, a significant development following the relaxation of U.S. sanctions on the nation.
December 25, 2023
The US energy major’s strategic moves in Venezuela are significantly impacting the global oil and gas market
December 16, 2023
Canada's recent announcement of stringent emission caps for the oil and gas sector, aiming for a 35% to 38% reduction below 2019 levels by 2030, carries profound implications for the nation's energy landscape.
December 10, 2023
The country’s oil sands production surge in Alberta prompts a familiar challenge of strained pipeline capacity. Leading operators, like Suncor and Cenovus, are adopting a more modest approach to expansion, connecting existing assets to optimize facilities.
November 26, 2023
November 19, 2023
Major shifts are occurring in Venezuela's oil landscape as Vitol Group hired the supertanker Gustavia S, marking the return of top international oil trading houses to Venezuela.
November 19, 2023
Major shifts are occurring in Venezuela's oil landscape as Vitol Group hired the supertanker Gustavia S, marking the return of top international oil trading houses to Venezuela.
November 19, 2023
In a notable industry development, two significant consumers of Canadian heavy crude exports from the US Gulf Coast, PetroChina and Repsol, are strategically eyeing an increased intake of Venezuelan crude.
November 12, 2023
The discount for Western Canada's heavy crude oil marker, Western Canadian Select (WCS), has recently widened, hitting as low as $27/b under WTI by the end of October according to RBN Energy.
November 12, 2023
Recent developments in the oil industry have global repercussions, especially concerning Venezuelan oil sanctions relief, production shifts, and the potential reimposition of sanctions.
November 05, 2023
