Thursday, 24 April 2025

Focus on Fuel

FILE PHOTO: A view shows a logo of Shell petrol station in South East London, Britain, February 2, 2023. REUTERS/May James/File Photo
BusinessNewsOil

Shell earns $1 billion a year from US crude trading, court filing shows

In Texas court case brought by former employee, Shell earnings revealed for annual crude training in the United States.

The Imperial Oil logo is shown at the company's annual meeting in Calgary on April 28, 2017. THE CANADIAN PRESS/Jeff McIntosh
BusinessNewsOilTransmission

Imperial Oil marks record Q1 production at Kearl ahead of Trans Mountain start

Imperial Oil Ltd. pushed its Kearl oilsands project to record production for its first quarter as it continues to ramp up output ahead...

FILE PHOTO: Secretary General of Organization of the Petroleum Exporting Countries (OPEC) Haitham Al Ghais speaks during the Energy Asia conference in Kuala Lumpur, Malaysia June 26, 2023. REUTERS/Hasnoor Hussain/File Photo
Carbon ManagementEmissionsHydrogenNewsOil

‘End of oil not in sight’, says OPEC Secretary General

OPEC Secretary General Haitham Al Ghais wrote there is "a worrying trend of narratives" that use terms like the end of oil, which...

EnvironmentManufacturingNewsOilPoliticsUnited Nations

Cap on production may be too complicated for global plastic treaty: Canada’s environment minister

Canada's Environment Minister Steven Guilbeault says the world can solve its plastic problem without insisting on hard caps on plastic production.

enovus Energy must pay a $2.5 million fine for its role in the largest offshore oil spill ever recorded in Newfoundland and Labrador. Cenovus logos are displayed at the Global Energy Show in Calgary, Tuesday, June 7, 2022.THE CANADIAN PRESS/Jeff McIntosh
BusinessCourtsEnvironmentNewsOilPolitics

Canada’s Cenovus Energy fined $2.5 million for biggest oil spill in Newfoundland and Labrador history

Cenovus Energy has been ordered to pay a $2.5-million fine for its role in the largest offshore oil spill ever recorded in Newfoundland...

Exxon Mobil Chairman & CEO Darren Woods said he challenged the Chevron-Hess deal over Guyana because it 'diminishes an element of value to ExxonMobil' (AFP)
BusinessNatural GasNewsOil

US oil giants’ profits dip as Exxon deal nears finish line

ExxonMobil CEO Darren Woods expressed confidence in closing the Pioneer transaction in Q2, describing "constructive" work with U.S. regulators reviewing the deal for...

Signage at a TotalEnergies gas station in Paris, France, February 6, 2024. REUTERS/Benoit Tessier/ File photo
BusinessNewsOil

TotalEnergies considers listing in New York, says CEO

French oil major TotalEnergies is "seriously" looking at a possible listing in New York, CEO Patrick Pouyanne told analysts on Friday

FILE PHOTO: The Exxon Mobil Corp building is pictured in Georgetown, Guyana February 18, 2022. REUTERS/Sabrina Valle/File Photo
BusinessNewsOil

Exxon misses on Q1 profit despite big gains in Guyana

Exxon Mobil Corp missed estimates with a 28% year-on-year drop in first quarter profits, as weaker refining margins offset volume gains

FILE PHOTO: A Chevron gas station sign is shown after Chevron Corp said it would buy Hess Corp in a $53 billion all-stock deal, in Encinitas, California, U.S., October 23, 2023. REUTERS/Mike Blake/File Photo
BusinessNewsOil

Oil giant Chevron reports Q1 profit beat

Chevron, the second largest U.S. oil producer, posted a profit of $5.5 billion in the quarter ended on March 31

FILE PHOTO: The Swiss National Bank (SNB) building is seen near the Limmat river in Zurich, Switzerland March 23, 2023. REUTERS/Denis Balibouse/File Photo
ClimateEnvironmentNewsOil

Climate groups picket Swiss National Bank’s shareholder meeting

The picket follows a decision by Europe's top human rights court that Bern was not doing enough to protect its citizens from climate...

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