Suez Canal revenue has plunged 60% this year, a loss of $7 billion for Egypt, amid attacks on shipping in the Red Sea and ongoing regional tensions. President Abdel Fattah al-Sisi in a statement blamed rising geopolitical challenges for the decline but offered no other details, according to published reports. Egypt collects tolls on vessels...Continue Reading

Ecopetrol S.A. announces that they have successfully concluded negotiations with Repsol to acquire the remaining 45% of its stake in block CPO-09. Ecopetrol is now the sole owner of this strategic asset in the Piedemonte Llanero. SourceContinue Reading

Biden Administration’s Final Aid Package to Ukraine Aims to Bolster Defense | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Dec 30, 2024, 2:00 PM CST The...Continue Reading

(Bloomberg) – Carlos Slim, Latin America’s richest man, invested $1 billion this year into growing his crude-oil producing and refining portfolio in a bet that demand for fossil fuels isn’t going away anytime soon. SourceContinue Reading

Carlos Slim Invested $1B In American Oil & Gas Companies In 2024 | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Dec 30, 2024, 12:30 PM CST Carlos Slim, Latin America’s richest man, boosted his stakes in American energy...Continue Reading

Ukraine will quadruple its domestic gas transmission tariffs for consumers from Jan. 1 as it tries to offset the impact of lost revenue after its gas transit deal with Russia came to an end on Monday. The Ukrainian regulator has approved a decision to increase domestic gas transmission tariffs to about 502 hryvnias ($11.95) for...Continue Reading

Cheniere Energy Commences LNG Production At Corpus Christi Stage 3 Project | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Dec 30, 2024, 11:30 AM CST Cheniere Energy  (NYSE:LNG) has for the first time started producing liquefied natural gas...Continue Reading

Exxon and Chevron Expand Global Hiring Push | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – Dec 30, 2024, 11:00 AM CST The U.S. oil and gas supermajors, Exxon and Chevron,...Continue Reading

Europe Faces Coldest Winter Spell As Gas Supply Concerns Mount | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 30, 2024, 10:30 AM CST Northwest Europe is bracing itself for what is expected to be later this week the coldest snap so far this winter,...Continue Reading

Cheniere Energy announced that liquefied natural gas (LNG) was produced for the first time from the first train (Train 1) of the company’s Corpus Christi Stage 3 Liquefaction Project (CCL Stage 3). SourceContinue Reading