Friday, 7 February 2025

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Alberta landfill waste carbon capture project inks deal with Canada Growth Fund

A company proposing to use carbon capture and storage technology to create clean electricity from landfill waste has become the second to secure...

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo
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Oil prices extend rally on potential U.S. crude purchase for reserve

Investors are waiting to see how changing oil prices could hit demand

FILE PHOTO: Semi trucks drive past a giant U.S. flag displayed at Marathon Petroleum's Los Angeles Refinery in Carson, California, U.S., March 11, 2022. REUTERS/Bing Guan/File Photo
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California seeks company profits in Big Oil climate lawsuit

California's attorney general on Monday sought to force the world's biggest oil companies to give up profits the state alleges they made while...

The Alberta Energy Regulator is telling a Calgary energy company to abandon hundreds of wells, pipeline sections and other facilities over concerns about care and maintenance of the sites. A de-commissioned pumpjack is shown at a well head on an oil and gas installation near Cremona, Alta., Saturday, Oct. 29, 2016. THE CANADIAN PRESS/Jeff McIntosh
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Calgary energy company told to abandon hundreds of wells after ongoing care problems

The Alberta Energy Regulator is telling a Calgary energy company to abandon hundreds of wells, pipeline sections and other facilities over concerns about...

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Analysis: What is changing under the new EU methane regulation?

What is changing under the new EU methane regulation, for whom and when? A new insight published by the Oxford Institute for Energy...

FILE PHOTO: People are pictured at Waikiki Beach in Honolulu, Hawaii August 25, 2015. REUTERS/Marco Garcia
ClimateCourtsEmissionsNatural GasNewsOilPolitics

Supreme Court seeks US government views on Honolulu climate suit against oil companies

The U.S. Supreme Court on Monday asked President Joe Biden's administration to offer its views on a bid by Sunoco and other oil...

Aramco's secondary share offering offers a short-term boost to Saudi Arabia's finances as the Gulf kingdom pursues mega-projects (AFP)
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Saudi Aramco says foreigners grab ‘majority’ of share offering

Oil giant Saudi Aramco said Sunday international investors snatched up bulk of shares in its latest offering, which was set to raise $11.2bn

FILE PHOTO: General view of Aramco's oil field in the Empty Quarter, Shaybah, Saudi Arabia, January 12, 2024. REUTERS/Hamad I Mohammed/File Photo
EconomyFuelNewsOilPoliticsTrade

Saudi Arabia’s Q1 oil activities down 11.2%, GDP shrinks estimated 1.7% y/y

Saudi Arabia's Q1 GDP shrank 1.7%y/y, preliminary government data showed on Sunday, as a decline in oil activities weighs on growth

FILE PHOTO: An employee rides a bicycle next to oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo
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Over half of Aramco share sale allocated to foreign investors – sources

Saudi Arabia placed over half of an $11.2bn share sale in Aramco with foreign investors, sources said Saturday

FILE PHOTO: The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan McDermid/File Photo
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Berkshire buys additional 2.57 million shares in Occidental Petroleum

Warren Buffett's Berkshire Hathaway bought around 2.57m shares of common stock in Occidental Petroleum over June 5-7, according to US filing

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