Saturday, 8 February 2025

Focus on Oil

FILE PHOTO: A sign of Citgo Petroleum is seen at its headquarters in Houston, Texas, U.S., January 11, 2024. REUTERS/Go Nakamura/File Photo
BusinessNewsOil

Several competitive bids in auction of Citgo parent, reports court officer’s rep

The offers in Citgo Petroleum's bidding have proven to be complex, with many combining cash with credits bids.

FILE PHOTO: The logo of ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessNewsOil

Exxon-Hess arbitration panel nears formation: sources

The panel's formation would be a milestone in a long-delayed process that has cast uncertainty over the mega-merger, which both Chevron and Hess...

FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York, U.S. on February 11, 2014.  REUTERS/Brendan McDermid/File Photo/File Photo
BusinessFinanceFuelNewsOil

Icahn-owned oil refiner CVR bidding in Citgo share auction: sources

CVR is working with investment bankers at Wells Fargo to raise the financing for its bid. The company has the support of Icahn...

Part of the Niger-Benin dispute is over their mutual border, which Niamey has kept closed (AFP)
AnalysisOilPoliticsTrade

What’s behind the dispute between Benin and Niger?

Tensions rose between the two countries after a coup in Niamey last year.

FILE PHOTO: A tanker waits to dock at Western Europe's largest liquefied natural gas plant Hammerfest LNG, in Hammerfest, Norway, March 14, 2024. REUTERS/Lisi Niesner/File Photo
ClimateEmissionsEnvironmentFuelMaritimeNewsOilTransport

New shipping fuel requirements in Arctic risk worse oil spills, report says

The Arctic could face more severe environmental impacts from oil spills if shippers switch to very-low sulfur fuel oil (VLSFO)

FILE PHOTO: A truck engine is tested for pollution exiting its exhaust pipe as California Air Resources field representatives (unseen) work a checkpoint set up to inspect heavy-duty trucks traveling near the Mexican-U.S. border in Otay Mesa, California September 10, 2013. REUTERS/Mike Blake
EmissionsEnvironmentIndustryNewsOilPoliticsRegulationsTransport

Biden tailpipe emission rules on shakier ground after Supreme Court ruling

FILE PHOTO: A truck engine is tested for pollution exiting its exhaust pipe. REUTERS/Mike Blake

FILE PHOTO: A drone view of three berths able to load vessels with oil is seen after their construction at Westridge Marine Terminal, the terminus of the Canadian government-owned Trans Mountain pipeline expansion project in Burnaby, British Columbia, Canada, April 26, 2024. REUTERS/Chris Helgren/File Photo
BusinessFuelInfrastructureNewsOil

Trans Mountain oil pipeline just shy of target for first-month loadings

Total crude exports from Vancouver were around 350,000 barrels per day.

FILE PHOTO: A tanker waits to dock at Western Europe's largest liquefied natural gas plant Hammerfest LNG, in Hammerfest, Norway, March 14, 2024. REUTERS/Lisi Niesner/File Photo
AnalysisEmissionsMaritimeOilRegulations

New fuel restrictions for ships in Arctic fall short, green groups say

New rules aim to prevent heavy fuel oil spills in the Arctic's sensitive environment.

FILE - In this June 8, 2017, file photo, fresh nuts, bolts and fittings are ready to be added to the east leg of the pipeline near St. Ignace, Mich., as Enbridge prepares to test the east and west sides of the Line 5 pipeline under the Straits of Mackinac in Mackinaw City, Mich. Environmentalists are challenging Michigan regulators' decision to approve encasing part of an aging Enbridge Energy oil pipeline that runs beneath a channel connecting two Great Lakes, arguing that they failed to properly consider alternatives that would minimize climate impacts. (Dale G Young/Detroit News via AP, File)
ClimateInfrastructureNewsOilRegulations

Environmentalists appeal Michigan regulators’ approval of Enbridge Energy oil pipeline tunnel project

Environmentalists say regulators failed to properly consider alternatives that would minimize climate impacts.

FILE PHOTO: General view of Citgo Petroleum headquarters in Houston, Texas, U.S., January 11, 2024. REUTERS/Go Nakamura/File Photo
BusinessIndustryNewsOilPolitics

US court may put off hearing on Citgo bids to September

The auction is the culmination of a seven-year court battle seeking to satisfy $21.3 billion in claims against Venezuela.

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