Focus on Oil
US FTC allows Chevron-Hess deal, bars John Hess from board
The FTC approved Chevron's $53 billion Hess acquisition, barring Hess's CEO from its board due to OPEC ties concerns.
US-based Cenovus refinery to pay penalty for violating emissions rules
Cenovus Energy’s Ohio refinery to pay $19M and invest $150M after violating U.S. emissions rules, per authorities.
Texas approves plan to boost oil and gas drillers’ power grid access
Texas has approved a $15B plan to expand power grid infrastructure in the Permian Basin, vital for rising oilfield energy demands.
Shale producer Validus to buy Citizen Energy in deal worth over $2 billion: sources
Validus Energy is acquiring Citizen Energy for over $2 billion, marking its second major Mid-Continent region purchase in 2024.
California Gov. Newsom signs laws to curb oil and gas pollution near neighborhoods
Governor Newsom signed laws to cut oil pollution, empower local restrictions, and fine low-producing oil wells in California.
Ottawa’s proposed oil and gas cap could lead to revenue losses of $43 billion, slash 34,000 jobs: report
The report says a proposed federal emissions cap and methane regulations would cause severe economic damage.
OPEC rolls out global oil outlook to 2050, sees no peak demand
OPEC is citing growth led by India, Africa and the Middle East and a slower shift to electric vehicles and cleaner fuels.
Canada’s environment minister Guilbeault calls out Poilievre over 2023 fundraiser with oil and gas execs
Minister Guilbeault criticizes Poilievre for fundraising with oil executives, claiming it aids his wealthy allies against carbon pricing.
