Focus on Oil
Alberta says 2023/24 budget surplus smaller than forecast, cites refinery losses
Alberta's 2023/24 budget surplus has been revised to C$4.3 billion, down from C$5.2 billion, partly due to a C$1.3 billion loss at the...
Canada’s Trans Mountain bets on last-minute oil shippers on high-cost pipeline
Canada's Trans Mountain oil pipeline will rely heavily on last-minute shippers to turn a profit, the corporation's financial projections show
BP halts hiring, slows renewables roll-out to win over investors
BP's new CEO Murray Auchincloss has imposed a hiring freeze and paused new offshore wind projects, places a renewed emphasis on oil and...
Climate lawsuits against companies on the rise: report
Accusations of "climate-washing" or misleading marketing have been among the drivers for more recent cases against corporations.
Next UK government urged to fund ‘just transition’ for oil and gas workers
The next government must provide a “clear and funded” transition plan for workers in the offshore oil and gas industry, including the North...
Complex bids could extend Citgo auction evaluation, sources say
The court-organized auction of the seventh-largest U.S. oil refiner aims to satisfy up to $21.3 billion in claims against Venezuela.
Shell to build carbon capture and storage projects in Canada
Shell's Canadian unit said on Wednesday it would build carbon capture and storage projects in Canada, in a bid to reduce emissions
Analysis: A mountain of asset sales loom after oil megamerger era
US oil and gas companies could struggle to sell $27bn assets as wave of energy megamergers nears the end of regulatory reviews
Peru state-run oil firm reports crude leak from illegal connection
The illegal connection point was found in the Olmos district in northwest Peru.
