Friday, 25 April 2025

Focus on Fuel

Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/Files
BusinessFinanceNewsOil

Saudi Aramco maintains $31 billion dividend despite lower Q1 net income

Aramco expects to pay $31bn in dividends to the Saudi government and its shareholders despite reporting lower earnings for Q1 on Tuesday

FILE PHOTO: Iranian flag with stock graph and an oil pump jack miniature model are seen in this illustration taken October 9, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
EconomyNewsOilPoliticsTrade

Iran’s capacity to move oil reliant on Malaysian providers: US Treasury official

The U.S. Treasury is increasing its focus on financing for militant groups routed through Southeast Asia, including through fundraising efforts and illicit sales...

FILE PHOTO: A Marathon Oil well site is seen, as oil and gas activity dips in the Eagle Ford Shale oil field due to the coronavirus disease (COVID-19) pandemic and the drop in demand for oil globally, in Texas, U.S., May 18, 2020. REUTERS/Jennifer Hiller//File Photo
BusinessEconomyFinanceNewsOilPolitics

Oil prices edge up after Israel strikes Gaza, truce talks continue

Oil prices ticked up early on Tuesday after Israel struck Rafah in Gaza while negotiations for a ceasefire with Hamas continued without resolution.

The MEG Energy Corp. logo is seen in this undated handout photo. THE CANADIAN PRESS/HO, MEG Energy *MANDATORY CREDIT*
BusinessFinanceNewsOil

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...

Clammers dig in the mud on the shore of the Raritan Bay in Aberdeen, N.J., on Monday, May 6, 2024, the same day environmentalists hailed the cancellation of a natural gas pipeline project that would have run through the bay en route to New York City. (AP Photo/Wayne Parry)
FuelLiquefied Natural GasNatural GasNewsPoliticsRailRegulationsTransmissionTransport

One natural gas transport plan killed in New Jersey as another forges ahead

Environmentalists who had fought both projects reacted Monday to the mixed bag they were handed on Friday when the two proposals took differing...

EnvironmentFuelNewsOilPoliticsTransmissionTransport

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...

BusinessFinanceFuelNews

Ensign Energy Services reports Q1 loss, revenue down 11% from year ago

CALGARY — Ensign Energy Services Inc. reported a loss in its latest quarter compared with a profit a year earlier as its revenue...

FILE PHOTO: An electric vehicle (EV) by Mercedes-Benz moves on a street in Beijing, China October 31, 2023. REUTERS/Tingshu Wang/File Photo
BusinessElectric Vehicles (EVs)FinanceNewsOil

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...

Vessels carrying supplies for an offshore oil platform operated by Exxon Mobil are seen at the Guyana Shore Base Inc wharf on the Demerara River, south of Georgetown, Guyana January 23, 2020. REUTERS/Luc Cohen/ File Photo
BusinessNewsOil

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.

TotalEnergies is accused of involuntary manslaughter and non-assistence to people in danger (AFP)
BusinessCourtsLiquefied Natural GasNews

France probes TotalEnergies over 2021 Mozambique attack

Jihadist attack near TotalEnergies' Mozambique LNG project in 2021 now being investigated by French prosecutors after families and survivors say company failed to...

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