Focus on Oil
BP weighs sale of minority stake in offshore wind business, sources say
BP paused investments in new offshore wind projects, Reuters reported in June. Last month, BP said it plans to sell its U.S. onshore...
Raise taxes on petrol and diesel cars to reduce electric ‘premium’: UK think tank
Resolution Foundation urges tax hikes on petrol cars and EV charge cuts to close the price gap and boost electric vehicle adoption.
Kinder Morgan misses quarterly profit estimates on weak prices, crude volumes
Kinder Morgan Q3 profit misses estimates due to weaker commodity prices and lower crude volumes; natural gas transport rose two per cent.
Shift toward EVs, particularly in China, could disrupt global oil market: IEA
Rising electric vehicle adoption, especially in China, could cut oil demand by six million barrels daily by 2030, IEA report says.
Alberta govt launches $7M ad campaign against incoming federal emissions cap
The province's $7-million campaign claims federal regulations would make "groceries, gas and all of life’s necessities even more expensive."
ConocoPhillips seeks to keep priority as creditor in Citgo auction
ConocoPhillips seeks to preserve top priority among Citgo creditors in share auction to recover $21.3B for Venezuela's debts.
Russia seeks over $1 billion in damages from Shell, report says
Russia has filed a lawsuit against eight Shell units that left Russia after the military conflict with Ukraine began.
Norway court rejects environmental injunction against oil and gas fields
A Norway court ruled in favor of the government, rejecting activists' bid for a temporary halt on three oil and gas fields.
OPEC cuts 2024, 2025 global oil demand growth view again
OPEC on Monday cut its 2024 global oil demand growth forecast for the third time this year, citing recent data trends.
Baker Hughes, Repsol to Develop Next Generation Digital Capabilities Through Leucipa™
Companies will develop new AI-powered processes and workflows to achieve further optimization in oil and gas production Knowledge sharing will enhance Leucipa’s capabilities...
