Focus on Oil
Calgary-based MEG Energy sees earnings rise in first quarter to $98 million
Meg Energy CEO Darlene Gates says the additional pipeline capacity from the start-up of the Trans Mountain expansion is expected to narrow heavy...
Capsized barge in Tobago oil spill might have picked up fuel in Venezuela: Trinidad
HOUSTON – A barge that capsized in February and caused a large oil spill near Tobago that also affected neighboring Caribbean islands might...
Gasoline demand growth to slow this year on EV growth in China, U.S.
Global petrol demand growth could halve in 2024, squeezing second-half refinery margins, driven by a shift to electric cars in China and the...
Big Oil finds more to love in deepwater exploration fields
"Back in vogue": Newer deepwater oil projects offer companies longer-term production, lower breakeven costs, big resource potentials and lower carbon emissions.
Exxon to take up to two years to hit stride with Pioneer purchase
Exxon Pioneer deal will take a while to achieve full synergy as the two oil giants begin to combine operations.
U.S. congressman Henry Cuellar indicted on conspiracy, bribery charges
U.S. Representative Henry Cuellar and his wife are accused of accepting approximately $600,000 in bribes from an oil and gas company owned by...
Exxon Mobil completes $60 billion deal for Pioneer Natural
The purchase took place one day after receiving a go-head from the U.S. Federal Trade Commission (FTC) for the deal.
Analysis: Heavy oil shortage spells higher cost for industry
Mexican export cuts and a rerouting of Canadian output are shrinking limited supplies of heavy crude in the Atlantic basin
Pioneer reports lower profit ahead of its takeover by Exxon
Pioneer Natural Resources on Thursday reported a lower first-quarter profit, weighed down by higher production costs and weak natural gas prices.
EOG Resources beats first-quarter profit estimates
Crude oil prices in the quarter mirrored prices from the previous year as production cuts by OPEC+ countries offset lower demand, helping oil...
