Focus on Oil
Chevron and Hess say US FTC merger review expected for third quarter
The signal from the U.S. regulator is another hurdle for Chevron's proposed acquisition of Hess.
US announces record oil and gas pollution penalty against Marathon Oil
U.S. officials announced a $241 million settlement with Marathon Oil for air pollution violations at North Dakota Indian reservation facilities, marking a crackdown...
Oil demand growth slowing, China consumption dips: IEA
The second quarter saw the slowest rate of growth in more than a year.
Workers at Shell’s Canada unit ratify new deal
Unifor union members ratify new deal for a 16% wage increase, averting strike action voted on last month.
Oil producer Strathcona partners with Canada Growth Fund for carbon capture
Strathcona and Canada Growth Fund will each invest up to C$1 billion in building CCS infrastructure in Saskatchewan and Alberta, aiming to capture...
Azerbaijan plans climate fund after pushback on fossil-fuel levy: source
Azerbaijan has abandoned its proposal for a fossil-fuel levy at COP29, opting instead to launch a new fund for green investments in poorer...
Texas power outages hinder Hurricane Beryl recovery, delay oil infrastructure restarts
Critical oil infrastructure in Texas has yet to be restored after state battered by Hurricane Beryl.
Canada insurers investing in fossil fuels as climate risks grow, shareholder group says
Canada's top property and casualty insurers have invested over C$19.5 billion in fossil fuels, despite climate change raising risks and costs.
India eyes energy deals with Rosneft and other Russian companies
Energy cooperation includes areas such as nuclear energy, oil refining and petrochemicals, partnerships in energy infrastructure, technologies and equipment.
