Sunday, 3 August 2025

Focus on Oil

FILE PHOTO: U.S. President-elect Donald Trump speaks as he meets with House Republicans on Capitol Hill in Washington, U.S., November 13, 2024. REUTERS/Brian Snyder/File Photo
BusinessEconomyNewsOilPoliticsRegulationsTrade

Trump plans no exemption for oil imports under new tariff plan, sources say

Trump's 25 per cent tariffs on Canadian and Mexican imports will include oil, despite concerns over energy price spikes.

FILE PHOTO: Pumpjacks and oil wells are seen at the Inglewood Oil Field in Culver City, the largest urban oil field in the United States, in California, U.S., March 10, 2022. Picture taken March 10, 2022. Picture taken with a drone. REUTERS/Bing Guan/File Photo
BusinessEconomyLegislationNatural GasNewsOilPoliticsRegulationsTrade

US energy lobbying groups wary about Trump tariffs threat

U.S. oil and gas groups express concern over Trump's tariff threat on Canada and Mexico, warning of potential industry impacts.

COP29 President Mukhtar Babayev is seated, delivering a speech, with two attendants visible behind him.
Climate FinanceEmissionsEnvironmentNatural GasNewsOilUnited Nations

COP29 president blames rich countries for ‘imperfect’ deal

The contentious deal on Sunday saw wealthy polluters pledge $300B annually to support developing countries.

Drilling rigs operate at sunset in Midland, Texas, U.S.
ElectionsNatural GasNewsOil

US oil producers unlikely to shift to ‘drill, baby, drill’ mode, says Exxon executive

Trump pledged to boost U.S. domestic oil and natural gas output — but producers remain focused on capital discipline.

FILE PHOTO: Men fix the logo of the Adani Group on the facade of its Corporate House on the outskirts of Ahmedabad, India, November 21, 2024. REUTERS/Amit Dave/File Photo
BusinessCoalElectricityLegislationNatural GasNewsOilRegulationsReportsSolarTrade

Snapshot: Major fallout for India’s Adani Group after U.S. bribery indictment

Adani Group's market value drops $33B after U.S. bribery charges; TotalEnergies halts investments, other deals stall.

TransCanada's Keystone pipeline facilities are seen in Hardisty, Alta., on Friday, Nov. 6, 2015. THE CANADIAN PRESS/Jeff McIntosh
BusinessEconomyInfrastructureNatural GasNewsOilPoliticsRegulationsTransmission

Alberta seeks to “de-risk” oil, gas pipeline investments in wake of Trump victory

Alberta explores boosting U.S. oil exports by de-risking private investments, avoiding direct subsidies for new pipelines.

An oil rig drills a well under moon light near Cremona, Alta., Sunday, Sept. 24, 2023. THE CANADIAN PRESS/Jeff McIntosh
BusinessCritical MineralsEconomyGeothermalNatural GasNewsOilPoliticsRegulationsTrade

Alberta aiming to create test site to support new drilling technologies

Alberta will invest $50M in a first-in-Canada drilling test site to boost oil, gas, geothermal, and lithium tech innovation.

Chair of the International Negotiating Committee, Luis Vayas Valdivieso, center, speaks next to Inger Andersen, Executive Director of UNEP, second from right, during the press conference for the fifth session of the Intergovernmental Negotiating Committee on Plastic Pollution in Busan, South Korea, Monday, Nov. 25, 2024. (Son Hyung-joo/Yonhap via AP)
EnvironmentLegislationNatural GasNewsOilRegulationsUnited Nations

What to know about the plastic pollution treaty talks in South Korea

Led by Norway and Rwanda, 66 countries plus the European Union say they want to address the total plastic on Earth.

Guyana's booth is seen at the Offshore Technology Conference as Bharrat Jagdeo.
ManufacturingNatural GasNewsOil

Guyana’s pick of new US startup faces hurdles to tap vast gas reserves

Doubts grow over Guyana’s choice of Fulcrum LNG to develop its untapped natural gas resources.

FILE PHOTO: A general view of oil drilling equipment on federal land near Fellows, California, U.S.
LegislationLiquefied Natural GasNatural GasNewsOilPoliticsRegulationsTradeTransmission

Trump prepares wide-ranging energy plan to boost gas exports, oil drilling, sources say

Trump's team plans an energy package to boost LNG exports and expand U.S. oil drilling on coasts and federal lands.

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