Monday, 4 August 2025

Focus on Oil

dian Natural Resources Ltd. logo is shown in a handout. The company reported a third-quarter profit of $2.27 billion, down from $2.34 billion in the same quarter last year.THE CANADIAN PRESS/HO
BusinessLiquefied Natural GasNatural GasNewsOil

Canadian Natural Resources reports $2.27-billion third-quarter profit

Product sales totalled $10.40 billion, down from $11.76 billion in the same quarter last year.

FILE PHOTO: Mike Wirth, the CEO of Chevron Corporation, listens to a question from Daniel Yergin, the vice chairman of S&P Global, as top energy executives and officials from around the world gather during the CERAWeek 2023 by S&P Global, energy conference in Houston, Texas, U.S., March 6, 2023.  REUTERS/Callaghan O'Hare/File Photo
BusinessFuelNewsOil

Chevron CEO under pressure to halt share slide as Hess deal stalls

After years of outperforming rivals, Chevron and its CEO are now under pressure as the company's Hess purchase stalls.

FILE PHOTO: A general view of a Shell's petrol station in South East London, Britain, February 2, 2023. Shell beat profit expectations in Q3 2024. REUTERS/May James/File Photo
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Shell Q3 profits of $6 billion beat forecast as gas offsets weak refining

The Anglo-Dutch company's profits are up, as debt drops and sales of super-chilled LNG increase by 1 million metric tons.

Trainees Dan Brook and Bradley Williams are directed by instructor Clint Dyck while training to lay down drill pipe on a rig floor, at Precision Drilling in Nisku, Alta., Jan. 20, 2016. THE CANADIAN PRESS/Jason Frans
BusinessInfrastructureLiquefied Natural GasNewsOilTrade

Precision Drilling expects rig demand growth with LNG Canada startup

Precision Drilling sees record demand from Trans Mountain boost, eyes LNG Canada startup to further lift Canadian drilling.

FILE PHOTO: A flare burns off excess gas from a gas plant in the Permian Basin in Loving County, Texas, U.S., November 21, 2019. Picture taken November 21, 2019.  REUTERS/Angus Mordant/File Photo
BusinessEmissionsEnvironmentInfrastructureOilRegulations

US sets new safety measures as deep sea oil drillers test new depths

New BSEE rules for ultra-high pressure offshore drilling follow Chevron's breakthrough Anchor project, enhancing safety standards for high-stakes operations.

Premier Danielle Smith says Alberta has applied for a judicial review of Ottawa's exemption of the carbon levy on home heating oil. Smith speaks to reporters during meetings with Canada's other premiers at the Council of the Federation in Halifax on Tuesday, July 16, 2024. THE CANADIAN PRESS/Darren Calabrese
Carbon ManagementCourtsEmissionsEmissions MarketsNatural GasNewsOilPoliticsRegulations

Alberta applies for judicial review of federal carbon price, calls it unfair

Premier Danielle Smith says Alberta has applied for a judicial review of Ottawa's exemption of the carbon levy on home heating oil.

FILE PHOTO: A pump jack drills oil crude from the Yates Oilfield in West Texas’s Permian Basin, as a 1.5MW GE wind turbine from the Desert Sky Wind Farm is seen in the distance, near Iraan, Texas, U.S., March 17, 2023. REUTERS/Bing Guan/File Photo
AnalysisElectionsElectric Vehicles (EVs)ElectricityEmissionsFuelLiquefied Natural GasNatural GasOffshore WindOilPoliticsSolarWind

How do Trump and Harris differ on energy policy?

Trump and Harris both seek to expand U.S. energy production, but differ sharply on methods, with Harris favoring clean energy.

FILE PHOTO: A view of the state oil company Pemex's Olmeca refinery in Dos Bocas, Paraiso, Mexico June 21, 2024. REUTERS/Luis Manuel Lopez/File Photo
BusinessEconomyNewsOil

Mexico’s Pemex posts wider third-quarter loss of $8.2 billion

Pemex has reported a deeper 161.3 billion peso ($8.2 billion) third-quarter net loss, according to a filing with the Mexican stock exchange.

Developers have suspended oil extraction at the Horse Hill site in Surrey four months after the Supreme Court quashed its planning permission (Gareth Fuller/PA)
CourtsInfrastructureNewsOil

Developers stop oil drilling in Surrey amid legal row after UK Supreme Court ruling

Developers have suspended oil extraction at a site in Surrey four months after the Supreme Court quashed its planning permission.

FILE PHOTO: A United Steelworkers flag is seen in this file photo. REUTERS/Rebecca Cook/File Photp
BusinessGreen SteelIndustryInfrastructureLabourManufacturingOil

US Steelworkers union looks to clean energy to replace job losses at oil refineries

USW aims to grow membership with 17,000 new jobs from clean energy projects despite potential Trump challenges.

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