Focus on Oil
China must stop aiding Russia if it seeks good relations with West: NATO
'Dependencies make us vulnerable,' NATO Secretary-General Jens Stoltenberg says in a speech warning the West against depending on China as it did on...
Precision Drilling seeing boost in demand as Trans Mountain start nears
The completion of the Trans Mountain pipeline expansion is leading to a boom in demand for drilling services: Precision Drilling chief executive Kevin...
Wintershall Dea management board to step down after Harbour Energy deal closed
Wintershall Dea says its current management board will step down after the transfer of its non-Russian oil and gas assets to Britain's Harbour...
New tech helps US shale oil industry start to rebuild well productivity
Simul-fracking and electric pumps allow faster, cheaper and higher-yielding oil extraction as industry faces fall in Texas production.
Trans Mountain expects first ship to load from expanded pipeline in second half of May
The expanded pipeline will carry an extra 600,000 barrels per day (bpd) of oil from Alberta to Canada's Pacific coast and is set...
Talks on global plastic treaty begin in Canada
During talks in Kenya in November, a draft agreement leapt from 30 to 70 pages, with oil-producing nations such as Saudi Arabia recording...
Russia cuts crude oil export price forecast to $65 per barrel in 2024-27
The Russian economy ministry has downgraded its forecasts for the country's crude oil export prices for the next three years to $65 per...
Oil and gas producer Ithaca Energy to buy Eni’s UK assets for about $940 million
Eni, Italy's biggest energy company, had given North Sea oil and gas producer Ithaca Energy a four-week exclusivity period to make an offer...
Europe’s ability to survive a cold winter hasn’t been tested, energy execs say
AMSTERDAM – Europe has successfully survived the worst energy crisis in decades thanks to demand reduction and a couple of mild winters, but...
