Focus on Fuel
Petrobras wrapping up due diligence to buy back refinery from Mubadala, sources say
Petrobras is wrapping up due diligence for a bid on the Mataripe refinery it sold to Abu Dhabi sovereign fund Mubadala for $1.65bn...
Canada’s Pieridae Energy shuts-in production amid low natgas prices
Canadian energy company Pieridae Energy said on Thursday it has shut-in the production of about 6,250 barrels of oil equivalent per day (boe/d)...
MEG Energy sees earnings rise in second quarter, announces dividend
MEG Energy boosts quarterly earnings to $234M and declares a 10-cent dividend per share, aided by the Trans Mountain pipeline expansion success.
Valero plans to run refineries at 92% of combined capacity in Q3 2024
Valero Energy plans to run its refineries at up to 92% capacity in Q3 2024, with high operation rates on the Gulf Coast,...
Veren Inc., formerly Crescent Point Energy, sees profit rise in second quarter
Veren Inc., post-buying spree, shifts focus to reducing its $3.0 billion debt, targeting a further drop to $2.2 billion by year-end.
South Africa too slow to meet bold climate pledges, says report
Report commissioned into South Africa climate action by president says country is moving too slowly after strong commitments on cutting greenhouse gases.
Declining Mexican crude output could shatter energy independence hope
Shortfall in domestic crude supply could see Mexico increasing imports to feed the $17bn refinery built by previous president.
Refining and gas give TotalEnergies Q2 blues
Profits slump for French oil company blamed on lower margins in refining and falling LNG demand in Europe.
