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FILE PHOTO: ExxonMobil and Pioneer Natural Resources logos are seen in this illustration taken, October 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessFinanceFuelNatural GasNewsOil

Pioneer reports lower profit ahead of its takeover by Exxon

Pioneer Natural Resources on Thursday reported a lower first-quarter profit, weighed down by higher production costs and weak natural gas prices.

A wheel loader operator fills a truck with ore at the MP Materials rare earth mine in Mountain Pass, California, U.S. January 30, 2020.   REUTERS/Steve Marcus/File Photo
BusinessCritical MineralsFinanceMineralsMiningNews

MP Materials report wider-than-expected Q1 loss

Rare earths miner MP Materials reported wider-than-expected loss in first quarter on Thursday, hurt by lower concentrate sales and weak prices of the...

FILE PHOTO: The logo of U.S. oil and gas company EOG Resources is seen in its office in Chongqing, China December 15, 2017. Picture taken December 15, 2017. REUTERS/Chen Aizhu/File Photo
BusinessFinanceNatural GasNewsOil

EOG Resources beats first-quarter profit estimates

Crude oil prices in the quarter mirrored prices from the previous year as production cuts by OPEC+ countries offset lower demand, helping oil...

The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, July 18, 2017.  REUTERS/Arnd Wiegmann/File photo
BusinessCritical MineralsElectric Vehicles (EVs)FinanceMineralsMiningNews

Glencore studying an approach for Anglo American, sources say

Anglo American is attractive to its competitors for its prized copper assets in Chile and Peru, a metal used in everything from electric...

FILE PHOTO: An electric pick-up truck is pictured at the Rivian Automotive Inc facility in Costa Mesa, California, U.S.,November 1, 2023.     REUTERS/Mike Blake/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)FinanceNewsPolitics

Rivian receives $827 million incentive package to expand Illinois facility

The Illinois plant, where Rivian also makes its electric delivery vans for its largest investor, Amazon.com, can produce 150,000 vehicles a year, the...

l Power’s Genesee plant is seen near Edmonton in an Oct. 19, 2022, handout photo. An analyst says a corporate decision to mothball Canada's largest carbon capture and storage project is likely the result of financial uncertainty and technological risks.THE CANADIAN PRESS/HO-Capital Power, Jimmy Jeong, *MANDATORY CREDIT*
BusinessCarbon ManagementEconomyNewsPolitics

Financial, technology risks likely delayed Alberta carbon capture project: analysts

An analyst says a corporate decision by Capital Power to mothball Canada's largest carbon capture and storage project is likely the result of...

Fuel retailer Parkland Corp. says the 157 Canadian fuel and convenience store locations it has put up for sale are generating a great deal of interest from prospective buyers. A person prepares to fill up at a gas station in Mississauga, Ont., Tuesday, Feb. 13, 2024. THE CANADIAN PRESS/Christopher Katsarov
AutomotiveBusinessFuelNewsOilTransport

Parkland: Lots of buyer interest in fuel, convenience store locations

Fuel retailer Parkland Corp. said Thursday the 157 Canadian fuel and convenience store locations it has put up for sale are generating a...

Exports to Europe have long been Gazprom's top earnings source (AFP)
BusinessEconomyFinanceNatural GasNewsPolitics

Record loss for Russia’s Gazprom as European market closed

Exports to Europe have long been Gazprom's top earnings source, but following the start of the conflict in Ukraine European nations sought to...

Steven Guilbeault, Minister of Environment and Climate Change, answers questions on Parliament Hill in Ottawa on Thursday, May 2, 2024. THE CANADIAN PRESS/Sean Kilpatrick
ClimateCourtsEmissionsEnvironmentLegislationNewsPoliticsRegulations

Environment groups criticize Ottawa’s walk-back on pollution impact assessment

Environmental groups say Canada's Liberal government is giving up its authority to regulate greenhouse gas emissions through proposed amendments to the federal Impact...

Glass was excluded from the Scottish scheme (Sean Dempsey/PA)
EnvironmentNewsPolitics

Scotland’s deposit return scheme will not include glass: minister

'There's still time for a rethink," says the head of Action to Protect Rural Scotland, noting glass is the most energy intensive of...

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