Focus on Oil
Veren Inc., formerly Crescent Point Energy, sees profit rise in second quarter
Veren Inc., post-buying spree, shifts focus to reducing its $3.0 billion debt, targeting a further drop to $2.2 billion by year-end.
Declining Mexican crude output could shatter energy independence hope
Shortfall in domestic crude supply could see Mexico increasing imports to feed the $17bn refinery built by previous president.
Refining and gas give TotalEnergies Q2 blues
Profits slump for French oil company blamed on lower margins in refining and falling LNG demand in Europe.
Oil tanker sinks in Manila Bay, raising fears of major spill
Days of monsoon rains and typhoon cause Terra Nova tanker to sink off the coast of Manila, prompting fears that 1.4m liters of...
Canadian wildfire reaches Jasper, firefighters battle to protect Trans Mountain pipeline
Wildfire forces 25,000 to evacuate from Jasper; firefighters protecting critical infrastructure, including the Trans Mountain Pipeline.
Oil and gas exploration is surging to pre-Covid levels despite COP28 agreement
Oil and gas exploration is thriving even though countries agreed at COP28 to shift away from fossil fuels, says new analysis from the...
Analysis: Whoever wins election, Venezuela faces natural gas problem
Venezuela faces critical gas shortages despite vast reserves, with upcoming elections intensifying debate over privatization and investment to revive production.
US Democrats launch bill holding oil firms accountable for any work with OPEC
The bill proposes to penalize energy companies found colluding with OPEC by revoking their eligibility for new federal leases.
Spreading Canadian wildfires prompt more evacuation warnings, oil production worries
Imperial Oil said there was no direct impact on its operations at the moment and that it continues to monitor the situation closely.
