Politics, Geopolitics & Conflict
Across Ukraine, the government announced large-scale air alerts on Thursday, with explosions reported near Kyiv, though scant details were available. Kyiv warned that the entire country is under threat of missile attack, with Russian fighter jets airborne. Attacks on Thursday began as Putin was giving a speech about winning the war. Hypersonic Kinzhal missiles were launched from Russia into Ukraine during the speech in a show of power for Putin.
A Thursday meeting between the president of Guyana and Venezuela’s Maduro has accomplished nothing with regard to Venezuela’s declaration of ownership of Essequibo, the oil-rich region that represents some two-thirds of Guyana’s territory. Maduro claimed to be attempting a peaceful solution, though that solution can be nothing short of the annexation of Essequibo. Guyana reiterated that it has no intention of honoring Maduro’s claims.
Discovery & Development
Shell made its FID to increase production at its Perdido oil project in the GoM beginning in April 2025. The expansion project will include three more wells to its existing project, which will produce an additional 22,000 boepd at peak production. Perdido currently has a capacity of 125,000 at peak rate. The three wells will be drilled in the Great White unit, where Shell is operator with a 33.34% stake. Chevron and BP each hold 33.33% of the unit.
LNG Energy Group Corp (TSXV: LNGE) announced…