Thursday, 6 February 2025

Focus on Oil

Pembina Pipeline Corp. says while it remains interested in global export opportunities, it isn't devoting much time currently to exploring a potential purchase of the Trans Mountain pipeline. The corporate logo of Pembina Pipeline Corp. (TSX:PPL) is shown. THE CANADIAN PRESS/HO
BusinessNewsOilTransmission

Pembina Pipeline says potential Trans Mountain purchase not a priority

Pembina Pipeline Corp. says while it remains interested in global export opportunities, it isn't devoting much time currently to exploring a potential purchase...

Judy Bruce, hidden, 85, and Reverend Sue Parfitt, 82, targeted the protective enclosure around the historic Magna Carta document (Just Stop Oil/PA)
ClimateNewsOilPolitics

Just Stop Oil protesters in their 80s smash Magna Carta display case

Elderly activists from Just Stop Oil target Magna Carta, historic artefact of the English legal system, in latest protest against fossil fuels.

BusinessNatural GasNewsOil

Crescent Point reports Q1 loss due to non-cash impairment charge

Oil and gas producer Crescent Point Q1 results show a loss of nearly $412m.

BusinessNewsOil

Pathways Alliance names former MEG Energy CEO as executive chair

Derek Evans becomes Pathways Alliance executive chair after leaving consortium member MEG Energy as president.

FILE PHOTO: PDVSA's U.S. unit Citgo Petroleum refinery is pictured in Sulphur, Louisiana, U.S., June 12, 2018. REUTERS/Jonathan Bachman/File Photo
BusinessNewsOil

Citgo Petroleum reports first quarter profit of $410 million

The Venezuela-owned company said its throughput rose to 830,000 barrels per day, the third highest in its history, up from 814,000 bpd in...

A new survey shows nine out of ten Canadian energy sector executives believe oil prices will remain strong for the next three to five years. Pumpjacks draw out oil and gas from wells near Calgary on Monday, Sept. 18, 2023. THE CANADIAN PRESS/Jeff McIntosh
BusinessNatural GasNewsOil

Canadian oil executives expect sustained period of strong crude prices: survey

Nine out of 10 Canadian energy sector executives believe oil prices will remain strong for the next three to five years, according to...

FILE PHOTO: The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC's headquarters in Vienna, Austria April 9, 2020.  REUTERS/Leonhard Foeger/File Photo
BusinessNewsOilTrade

OPEC switches to ‘call on OPEC+’ in global oil demand outlook, sources say

From this month, OPEC will reportedly only give estimate of demand for crude from the wider OPEC+ group as it is 'more relevant'.

FuelNewsOilPoliticsTrade

US ‘flags environmental risks from transfer of Iranian oil’

US treasury official reportedly warns 'ship-to-ship' transfers off the coast of Malaysia could cause oil spills, as America hopes to stop Iran raising...

FILE PHOTO: An oil tanker unloads crude oil at a crude oil terminal in Zhoushan, Zhejiang province, China July 4, 2018. REUTERS/Stringer/File Photo
NewsOil

China’s April crude oil imports rise 5.45% on previous year

Chinese crude oil imports rose as refiners prepared for holiday travel.

Members of the Woodland Cree First Nation take part in a blockade of an oil lease road in northern Alberta as shown in this undated handout image. Police say they're present at the blockade but aren't enforcing an injunction for members of the First Nation to clear the site. THE CANADIAN PRESS/HO-Woodland Cree First Nation-Paul Lavoie
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CourtsEnvironmentIndigenousNewsOilPoliticsTransmission

Police present but not enforcing injunction at Alberta oil blockade

Woodland Cree First Nation in Alberta says it hasn't been consulted on Obsidian Energy's expansion plans and has concerns about earthquakes resulting from...

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