Friday, 7 February 2025

Focus on Oil

An oil and gas lobby group says the federal government's proposed emission cap on the sector combined with its stringent targets for methane reduction could reduce Canada's non-oilsands fossil fuel production by one million barrels per day by 2030. A pumpjack draws out oil from a well head near Calgary, Alta., Saturday, Sept. 17, 2022. THE CANADIAN PRESS/Jeff McIntosh
BusinessEconomyEmissionsNatural GasNewsOilPoliticsRegulations

Lobby group says emissions cap would cost Canada’s oil and gas sector $75B in lost investment

An oil and gas lobby group says the federal government's proposed emissions cap on the sector combined with its stringent targets for methane...

FILE PHOTO: The installations of liquified natural gas producer Atlantic LNG are pictured in Point Fortin, Trinidad and Tobago, December 10, 2022. REUTERS/Andrea De Silva/File Photo
BusinessEconomyLiquefied Natural GasNatural GasNewsOilPoliticsTrade

BP, Shell and EOG vie for acreage in Trinidad’s oil and gas auction

Trinidad and Tobago received six bids from BP, Shell and US shale producer EOG Resources on four blocks to explore for oil and...

Russian President Vladimir Putin and Uzbek President Shavkat Mirziyoyev attend a meeting in expanded format at the Kuksaroy Presidential Palace in Tashkent, Uzbekistan May 27, 2024. Sputnik/Mikhail Metzel/Pool via REUTERS
ElectricityInfrastructureNatural GasNewsNuclear PowerOilPolitics

Russia to build Central Asia’s first nuclear plant in Uzbekistan

Post-Soviet Central Asia has no nuclear power plants, but Uzbekistan could be the first after deal struck during visit by Putin.

BusinessFuelNewsOil

Oil steadies after weekly decline on U.S. interest rate prospects

Muted trading on oil follows downbeat week coinciding with public holidays in Britain and the US, with next month set to bring OPEC+...

FILE - A flag hangs on the side of the Andeavor Mandan Refinery in Mandan, N.D., Sept. 6, 2017. Nineteen Republican state attorneys general have asked the U.S. Supreme Court to get involved in a dispute over climate-change lawsuits. (AP Photo/Charlie Neibergall, File)
ClimateCourtsEmissionsNatural GasNewsOilPolitics

Republican AGs ask U.S. Supreme Court to block states’ climate change lawsuits

Republican attorneys general in 19 states have asked the U.S. Supreme Court to block several Democratic-led states from pursuing climate change lawsuits against...

Enerplus Corp. says its shareholders have voted to approve a takeover of the company by U.S. company Chord Energy Corp. The corporate logo of Enerplus Corp. is seen in this undated handout photo. THE CANADIAN PRESS/HO, Enerplus
BusinessCourtsEconomyLegislationNatural GasNewsOilPolitics

Enerplus-Chord Energy deal gets OK from shareholders, Investment Canada Act

Enerplus Corp. says its shareholders have voted to approve a takeover of the company by U.S. company Chord Energy Corp. The Calgary-based oil...

The University of Calgary says it is planning a potential relaunch of its oil and gas engineering program, which it suspended three years ago due to dwindling student demand. The campus of the University of Calgary, Saturday May 29, 2004. THE CANADIAN PRESS/Adrian Wyld
EconomyLabourNatural GasNewsOil

University of Calgary looks to relaunch oil engineering program after hiatus

The University of Calgary had earlier seen a decline in student interest in the program, which also coincided with an uptick in interest...

TotalEnergies won overwhelming backing for its climate strategy and a new term for its CEO (AFP)
BiodiversityBusinessClimateEmissionsNatural GasNewsOilPolitics

Defying protests, TotalEnergies says it is seeking new oil fields

The boss of TotalEnergies told shareholders Friday the French energy giant needed to develop new oil fields to meet global demand, as their...

FILE PHOTO: A 3D printed natural gas pipeline is placed in front of displayed Saudi Aramco logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessEconomyFinanceNewsOilPolitics

Saudi Arabia plans Aramco share sale as soon as June, sources say

Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco as soon as June in what would be one of the...

FILE PHOTO: French energy group TotalEnergies CEO Patrick Pouyanne attends the seventh "Choose France Summit", aiming to attract foreign investors to the country, at the Chateau de Versailles, outside Paris, on May 13, 2024. LUDOVIC MARIN/Pool via REUTERS/File Photo
BusinessNewsOil

TotalEnergies’ boss Patrick Pouyanne re-appointed to board, approved by around 76% of shareholder votes

Patrick Pouyanne, chairman and chief executive of French oil major TotalEnergies, was re-appointed to the company's board by around 76 percent of shareholder...

Login into your Account

Please login to like, dislike or bookmark this article.