The European Union's competition chief warned on Wednesday that the region was becoming increasingly dependent on liquefied natural gas (LNG) imports from the United States and should look at how it can best harness local resources. "We are significantly increasing our dependence on liquefied natural gas imported from the U.S.," European Commission Executive Vice President Teresa Ribera said in a video message at a "Hydrogen Day" event organised by Spain's Enagas. LNG from the U.S. [Read more]
News
More than 400,000 US customers still without power as winter storm freezes much of the US
A severe winter storm that brought heavy snow, sleet and freezing rain has left more than 400,000 homes and businesses without power across a swath of the U.S., from the Ohio Valley and mid-South region to New England. The hardest-hit utilities included Nashville Electric Service (NES) in Tennessee, where 109,156 of 463,455 customers were without power, and Entergy, with more than 104,000 of its 3.05 million U.S. customers affected, according to PowerOutage.us. "Both NES and contractor [Read more]
Oil prices rise as US supply worries linger after winter storm
Oil prices gained further ground on Wednesday as supply concerns lingered after a winter storm disrupted U.S. crude output and exports, while Middle East tensions lent additional support. Brent crude futures rose 28 cents, or 0.4%, to $67.85 a barrel by 0410 GMT, while U.S. West Texas Intermediate crude climbed 35 cents, or 0.6%, to $62.74 a barrel. Both benchmarks surged about 3% on Tuesday. U.S. producers lost up to 2 million barrels per day or roughly 15% of national output over the [Read more]
Trump triggers flight from US dollar
The dollar was on the ropes near multi-year lows on Wednesday after investors sold it aggressively when U.S. President Donald Trump seemed to shrug off its recent decline, while Wall Street marched on to fresh record highs. The dollar's dive has hoisted the euro over $1.20 for the first time since 2021, sent the Australian dollar above 70 cents to a three-year high and lifted gold and commodity prices, which are counted in dollars, sharply. The ailing yen shot further away from recent [Read more]
US intelligence raises doubts about Venezuela leader’s cooperation
U.S. intelligence reports have raised doubts about whether interim Venezuelan President Delcy Rodriguez will cooperate with the Trump administration by formally cutting ties with U.S. adversaries, four people familiar with the reports said in recent days. U.S. officials have said publicly they want the interim president to sever relations with close international allies like Iran, China and Russia, including expelling their diplomats and advisers from Venezuela. But Rodriguez, whose [Read more]
New oil and gas jobs from BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Jan. 23 BULK PLANT OPERATOR - (HNT) Trican Well Service Ltd. Hinton Jan. 22 HVAC Designer Roska DBO Calgary Jan. 22 HVAC Engineer Roska [Read more]
Chevron seeks better terms from Iraq before taking over Lukoil oilfield, sources say
* Chevron seeks improved terms for West Qurna 2 oilfield, sources say * Iraq nationalized operatorship of oilfield after U.S. sanctions on Lukoil * Iraq has improved oil contract terms in deals with majors in past two years By Dmitry Zhdannikov and Aref Mohammed BASRA/LONDON, Jan 27 - U.S. oil major Chevron is pushing Iraq to improve returns on the giant West Qurna 2 oil field as a condition for buying the project from Russia's Lukoil, three sources familiar with the matter said. Earlier [Read more]
U.S. to issue general license soon lifting some sanctions on Venezuelan oil industry, sources say
U.S. officials are working to issue a general license soon that would lift some sanctions on Venezuela's energy sector, three sources familiar with the preparation said on Tuesday, a shift from a previous plan to grant individual exemptions to sanctions for companies seeking to do business in the country. Following the U.S. capture of Venezuelan President Nicolas Maduro earlier this month, U.S. officials have said Washington would ease sanctions imposed on Venezuela's energy industry to [Read more]
Venezuela’s oil reform met with flurry of proposed changes
A commission of Venezuela's National Assembly has received more than 80 proposals from politicians, lawyers and energy associations seeking changes to a reform of the country's main oil law, sources close to the talks said, a blow for lawmakers rushing to have the reform approved next week. Interim President Delcy Rodriguez introduced the proposed sweeping reform earlier this month, following a 50-million-barrel oil supply deal between Caracas and Washington, and encouraged lawmakers to approve [Read more]
Mexico’s Sheinbaum does not deny halting oil shipment to Cuba
Mexican President Claudia Sheinbaum, pressed on Tuesday whether Mexico had halted oil shipments to Cuba amid pressure from Washington, said shipment decisions were sovereign in nature and not based on U.S. pressure. However, Sheinbaum appeared to acknowledge that Mexico had halted a planned shipment to Cuba. Asked at her regular morning press conference whether she denied a media report that Mexico had halted the shipment, Sheinbaum responded: "It is a sovereign decision and it is made in the [Read more]
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