Wednesday, June 18, 2025

Canada Oil Industry Takes Fresh Hit With Key Pipeline Delay

From Bloomberg Canada’s already beaten-down oil industry is facing a fresh setback as regulatory issues bog down another key pipeline project. The roughly one-year delay to Enbridge Inc.’s expansion of its Line 3 conduit, announced late Friday, threatens to prolong a shortage of pipeline space that has made it difficult for Canada’s drillers to ship their crude to refineries. That pinch caused

Wars, Coups and Protests Don’t Stop Gas Flowing to Europe

From Bloomberg Arab Spring-style protests have rocked Europe’s third-biggest natural gas supplier. Thousands of young Algerians have taken to the streets, fed up with an octogenarian president who’s been in power for 20 years and a weak economy that doesn’t generate enough jobs. While the rare public display of dissatisfaction has sparked a political crisis in the authoritarian state, the

Israel Woos Energy Majors With Modified Gas Exploration Tender

From Bloomberg Israel is sweetening the terms of its new gas exploration tender in order to entice major energy firms to put aside concerns about geopolitical and regulatory issues, and finally drill off the nation’s Mediterranean coast. Up for grabs are five offshore drilling sites, which are bigger than in the previous bidding round, Energy Minister Yuval Steinitz said in

Why Billions of Barrels of Oil Go Untapped in Brazil

From Bloomberg There’s enough as-yet-unassigned oil under the Atlantic Ocean off Brazil’s Rio de Janeiro to keep the entire world running for almost six months. So why is the crude just sitting there? A contract dispute between oil giant Petrobras and the government has been dragging on since 2013, and until it’s resolved, drillers can’t start targeting those deep-water deposits.

World’s Second Largest LNG Exporter Considers LNG Imports

From Reuters Australia is on the verge of becoming the biggest exporter of liquefied natural gas, with dozens of tankers a week carrying fuel to North Asia. It could also soon be importing LNG as supply sources in its southern states run out. Five LNG import projects are vying to start up between 2021 and 2022, possibly forcing gas users