Focus on Oil
Fossil fuel use, emissions hit records in 2023: Statistical Review of World Energy
LONDON – Global fossil fuel consumption and energy emissions hit all-time highs in 2023, even as fossil fuels’ share of the global energy...
Trans Mountain revises heavy crude standards on pipeline after quality concerns
Canadian government-owned oil pipeline operator Trans Mountain last week revised standards for accepting crude oil on its recently expanded system after buyers raised...
UK Labour to highlight pledge to cut down energy bills, tackle cost-of-living crisis
The UK Labour party has pledged to make Britain a clean energy superpower by 2030, which the party says will save families up...
Canada oil and gas emissions cap likely to curtail production, report says
In a report commissioned by Alberta, Deloitte modelling showed that implementing carbon capture and storage would render high-cost oil sands mines economically unviable.
US unveils rules for subsidies to boost clean energy wages
U.S. President Joe Biden wants to make jobs and wages in green industries such as solar competitive with those in oil and gas.
Canada’s emissions cap not possible without oil, gas production cuts: Deloitte
A new report commissioned by the Alberta government suggests that oil and gas companies will cut production rather than invest in carbon capture...
Oil and corn groups team up in lawsuit to halt Biden truck emissions rules
Lobby groups say President Biden's plans to cut emissions from heavy-duty vehicles will cause economic harm.
Singapore’s Temasek to sell Pavilion Energy to Shell
Shell hopes the deal with Temasek will strengthen its position in the liquefied natural gas market.
Berkshire Hathaway boosts stake in Occidental Petroleum to nearly 29%
Billionaire Warren Buffett’s Berkshire Hathaway Inc acquired another 2.95 million shares in Occidental Petroleum, a regulatory filing showed, bringing his stake in the...
