Sunday, 19 January 2025

Focus on Oil

Oil and gas producer Vermilion Energy Inc. says it is acquiring privately held company Westbrick Energy Ltd. for $1.075 billion. Vermilion Energy Inc. logo is shown in a handout. THE CANADIAN PRESS/HO
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Vermilion Energy announces $1B deal to buy Westbrick, bolstering scale in Deep Basin

Oil and gas producer Vermilion Energy Inc. says it is acquiring privately held Westbrick Energy Ltd. for $1.075 billion.

FILE PHOTO: The logo of Brazil's state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo
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Brazil’s Petrobras to sign deal for four new support vessels built locally

Transpetro awarded a $69.5M tender for four coastal vessels to boost Brazil's shipbuilding sector after a decade of stagnation.

AnalysisAutomotiveClimateClimate FinanceEconomyElectric Vehicles (EVs)EmissionsEnvironmentInfrastructureNatural GasOilPoliticsRegulations

Despite climate goals, Maine rebates for electric vehicles are running on empty

Maine now registers 13 electric vehicles for every 200 cars, up from 3 in 2020, but rebate funding to support this growth is...

An employee demonstrates a sample of crude oil in the Yarakta Oil Field, owned by Irkutsk Oil Company (INK), in Irkutsk Region, Russia in this picture illustration taken March 11, 2019. REUTERS/Vasily Fedosenko/Illustration
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Plan to throttle foreign fossil fuel finance collapses at OECD, Bloomberg reports

Wealthy nations' plan to limit fossil fuel financing has collapsed, with ongoing negotiations expected to continue into January.

FILE PHOTO: An oil pump operates in the Permian Basin near Midland, Texas.  REUTERS/Ernest Scheyder/File Photo
BusinessNatural GasNewsOil

Northern Oil and Gas in bid to acquire smaller rival Granite Ridge, sources say

Northern Oil and Gas has made an acquisition offer for Granite Ridge Resources, according to people familiar with the matter.

The Sierra Nevada del Cocuy is located in the eastern ranges of the Colombian Andes (AFP)
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Inter-American Court rules Colombia drilling violated native rights

The Inter-American Court ruled Colombia violated U'wa Indigenous rights by allowing resource projects on their ancestral lands, demanding remedies.

A bird covered in oil walks along a beach following an oil spill from an incident involving two tankers damaged in a storm in the Kerch Strait, in the village of Vityazevo near the Black Sea resort of Anapa, Russia December 20, 2024. REUTERS/Sergey Pivovarov
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Volunteers battle to clear spilled oil on Russia’s Black Sea coast

Volunteers battle to clean Russia's Black Sea coast after a tanker spill, called an ecological disaster, contaminates 45+ hectares.

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Kremlin says any new G7 oil sanctions would backfire and it will adapt

G7 countries are exploring options to toughen the price cap on Russian oil.

FILE PHOTO: U.S. President-elect Donald Trump delivers remarks at Mar-a-Lago in Palm Beach, Florida, U.S., December 16, 2024. REUTERS/Brian Snyder/File Photo
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EU ready to strengthen ties with US, focus on energy sector

Trump said that the European Union may face tariffs if the bloc does not cut its growing deficit with the United States

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