Focus on Oil
Major Drilling buys South American drilling contractor, boosting rig count
The deal will see Major Drilling will acquire a fleet of 92 well-maintained drills, bringing the total rig count to 701.
Saudi Aramco says quarterly profit drops 15% on low oil prices
The world's largest crude oil exporter, Saudi Aramco, reports a Q3 profit drop of 15 per cent, reflecting lower oil prices and ongoing...
Enserva’s President and CEO, Gurpreet Lail, issued the following statement in response to the Government of Canada’s draft oil and gas sector emission cap regulations
November 4 2004 The government’s proposed emissions cap is a production chokehold in disguise. By imposing these overreaching restrictions, they’re not just capping...
Trump unlikely to undo Biden’s IRA climate legislation, TotalEnergies executive says
TotalEnergies expects Trump unlikely to exit Paris Agreement or undo IRA if re-elected, per strategy director Hamelle.
Canada’s oil, gas companies told to cut emissions by one-third under planned cap
Oil and gas producers in Canada to cut greenhouse gas emissions by one-third in eight years under new draft regulations.
The UAE opens its annual oil-and-gas summit as industry weathers Mideast wars and awaits US election
The UAE opens its oil summit, eyeing production boosts amid volatile prices and geopolitical uncertainty.
Another US oil refinery to vanish with Lyondell Houston plant closing
LyondellBasell plans to shut its 263,776 bpd Houston refinery in early 2025, as fuel demand dips amid green energy shifts.
Venezuela’s oil exports hit a 4-year peak on higher output, sales to US, India
Venezuela’s oil exports surged to a four-year high in October, reaching 950,000 bpd, driven by rising output and exports to India.
Imperial Oil reports $1.24B third-quarter profit, down from $1.60B a year ago
Imperial Oil Ltd. reported a third-quarter profit of $1.24 billion, down from $1.60 billion in the same quarter last year.
Enbridge’s Q3 profit more than doubles on acquisition contributions
Enbridge's Q3 profit more than double, driven by U.S. gas acquisitions and strong oil demand, though higher financing costs lead to a slight...
