Focus on Oil
Trinidad’s court reaffirms recognition of ConocoPhillips’ claim against Venezuela
The decision allows ConocoPhillips to enforce a $1.33 billion claim against Venezuela, potentially freezing payments for joint gas projects.
Canada’s Tenaz Energy to buy Dutch NAM’s offshore assets for $180 million
Canada's Tenaz Energy on Thursday said it had entered into an agreement with NAM to acquire all shares of NAM Offshore B.V. for...
Chinese-led consortium pulls out of contract to build Cyprus’ first natural gas import terminal
A Chinese-led consortium on Thursday pulled out of its contract with Cyprus to build the island’s first natural gas import terminal
US judge suspends Alaska Cook Inlet lease, pending additional environmental review
JUNEAU, Alaska — An environmental review underpinning a 2022 oil and gas lease sale in Alaska failed to properly analyze the potential impacts...
Pipeline and terminal operator Kinder Morgan reports Q2 miss, remains optimistic on natgas demand
The earnings fell short due to higher costs and CO2 segment weakness, with adjusted profit at 25 cents per share, missing estimates.
US court overturns Alaska oil lease sale
The Alaska oil lease sale had been mandated by Biden administration's signature climate law as part of a political compromise.
US imports of Canadian crude hits record high following TMX startup
US imports of crude oil from Canada rose last week to its highest on record, data from the Energy Information Administration showed
Climate change risk stirs oil market
From forest fires to hurricanes and other natural disasters: climate change risk is increasingly influencing oil prices.
TC Energy’s US$15B Keystone XL claim thrown out by trade tribunal
TC Energy launched the claim in 2021 under rules tied to the North American Free Trade Agreement.
