Saturday, 8 February 2025

Focus on Oil

FILE PHOTO: A Chevron gas station sign is shown after Chevron Corp said it would buy Hess Corp in a $53 billion all-stock deal, in Encinitas, California, U.S., October 23, 2023. REUTERS/Mike Blake/File Photo
BusinessNewsOil

Chevron reports Q2 earnings miss on weak refining margins

Chevron Q2 results affected by weak refining margins.

FILE PHOTO: Coterra Energy's logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessNatural GasNewsOil

Coterra Energy misses quarterly profit estimates

Oil and gas company Coterra Q2 results show natural gas price fall hitting profit estimates.

FILE PHOTO: The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan McDermid/File Photo
BusinessFuelLiquefied Petroleum GasNewsOil

Occidental closes $12 billion CrownRock deal

Occidental Petroleum said on Thursday it has closed its $12 billion deal to buy CrownRock.

FILE PHOTO: The Trans Mountain Burnaby Terminal tank farm is seen as the Canadian government-owned Trans Mountain pipeline expansion project became operational in Burnaby, British Columbia, Canada May 1, 2024.   REUTERS/Jennifer Gauthier/File Photo
BusinessFuelInfrastructureNewsOilTransmission

Trans Mountain pipeline loads 19 Aframax vessels in July, slightly below June levels

Canada's Trans Mountain pipeline loaded 19 Aframax ships in July, exporting about 330,000 bpd, slightly lower than June.

FILE PHOTO: Exxon Mobil logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessEconomyFuelNewsOilPoliticsRegulations

US EPA grants fuel waiver to Midwest states impacted by Joliet refinery shutdown

The EPA issued an emergency waiver for four states to alleviate gasoline shortages caused by the shutdown of Exxon Mobil's Joliet refinery.

Vessels that are used for towing oil rigs in the North Sea are moored up at William Wright docks in Hull, Britain November 2, 2017. REUTERS/Russell Boyce/ File Photo
BusinessEconomyNatural GasNewsOilPolitics

North Sea oil and gas producers say UK windfall tax is a ‘wrecking ball’

Drilling companies say to expect a sharp drop in revenue following increased UK windfall tax on oil and gas companies.

A picture released by the media office of Iraqi Prime Minister Mohamed Shia al-Sudani shows him  looking on as BP CEO, Murray Auchincloss (L) and Iraqi Oil Minister Hayan Abdul Ghani al-Sawad sign a memorandum of understanding to develop oil and gas fields in Kirkuk. (IRAQI PRIME MINISTER'S PRESS OFFICE)
BusinessNewsOil

BP to develop new oil and gas fields in Iraq

BP-Iraq deal will see the energy giant develop four fields to extract some of the 145 billion barrels of reserves.

Pipelines at Canadian Natural Resources Limited's (CNRL) Primrose Lake oil sands project are seen near Cold Lake, Alberta August 8, 2013.   REUTERS/Dan Riedlhuber/File Photo
BusinessFinanceFuelNewsOilPoliticsTrade

Canadian Natural Resources tops Q2 profit on higher oil prices, production boost

Canadian Natural Resources beat Q2 profit estimates on Thursday, as the energy producer benefited from higher crude prices

The corporate logo of  Precision Drilling (TSX:PD) is shown. THE CANADIAN PRESS/HO
BusinessFuelInfrastructureNewsOilTransmission

Precision Drilling attributes Canadian rig demand growth to Trans Mountain pipeline

Precision Drilling sees 18% surge in Canadian activity post-Trans Mountain pipeline expansion, signaling renewed confidence.

FILE PHOTO: The logo of Brazil's state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo
BusinessFuelIndustryInfrastructureLegislationNewsOilPoliticsTrade

Petrobras, CNOOC and Petrochina big winners in Brazil’s PPSA oil auction

Petrobras, CNOOC, and Petrochina won an oil auction, expected to generate record revenue for Brazil's PPSA.

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