Saturday, 1 February 2025

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Cenovus Energy Inc. reported its third-quarter profit fell compared with a year as its revenue edged lower.The Cenovus Christina Lake oilsands facility steam-assisted gravity drainage pad southeast of Fort McMurray, Alta., is shown on Wednesday, April 24, 2024. THE CANADIAN PRESS/Amber Bracke
BusinessFuelNewsOil

Cenovus Energy reports $820M Q3 profit, down from $1.86B a year ago

The Canadian oil and gas company's profits took a $1 billion hit year-on-year.

FILE PHOTO: An LNG tanker is guided by tug boats at the Cheniere Sabine Pass LNG export unit in Cameron Parish, Louisiana, U.S., April 14, 2022. REUTERS/Marcy de Luna/File Photo
BusinessFuelLiquefied Natural GasNewsTrade

US LNG exports to rise at smallest pace since 2016

The dollar value of U.S. LNG exports peaked at $47.33 billion in 2022, when prices skyrocketed after Russia's invasion of Ukraine.

Plants are displayed at the booth of American exploration and production of oil and natural gas company ConocoPhillips during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessNatural GasNewsOil

ConocoPhillips reports Q3 profit beat, hikes production forecast

ConocoPhillips beats Q3 profit estimates, raises full-year output forecast, and increases buyback authorization by $20 billion.

Veren Inc. logo is shown in a handout. The company
reported a profit of $277.2 million in its latest quarter compared with a loss a year earlier. THE CANADIAN PRESS/HO
BusinessFuelNewsOil

Veren reports $277.2-million third-quarter profit, trims 2024 production guidance

CALGARY — Oil producer Veren Inc. saw its share price plunge by more than 14 per cent on Thursday, on news that the...

dian Natural Resources Ltd. logo is shown in a handout. The company reported a third-quarter profit of $2.27 billion, down from $2.34 billion in the same quarter last year.THE CANADIAN PRESS/HO
BusinessLiquefied Natural GasNatural GasNewsOil

Canadian Natural Resources reports $2.27-billion third-quarter profit

Product sales totalled $10.40 billion, down from $11.76 billion in the same quarter last year.

FILE PHOTO: Mike Wirth, the CEO of Chevron Corporation, listens to a question from Daniel Yergin, the vice chairman of S&P Global, as top energy executives and officials from around the world gather during the CERAWeek 2023 by S&P Global, energy conference in Houston, Texas, U.S., March 6, 2023.  REUTERS/Callaghan O'Hare/File Photo
BusinessFuelNewsOil

Chevron CEO under pressure to halt share slide as Hess deal stalls

After years of outperforming rivals, Chevron and its CEO are now under pressure as the company's Hess purchase stalls.

FILE PHOTO: The logo of French oil and gas company TotalEnergies is seen at the company's headquarters skyscraper in the financial and business district of La Defense, near Paris, France September 14, 2023. REUTERS/Gonzalo Fuentes/File Photo
BusinessNatural GasNews

TotalEnergies third-quarter income drops as refining margins collapse

French oil and gas producer TotalEnergies warned its earlier in October that its financial results would take a hit.

FILE PHOTO: A general view of a Shell's petrol station in South East London, Britain, February 2, 2023. Shell beat profit expectations in Q3 2024. REUTERS/May James/File Photo
BusinessChemicalsFuelHydrogenLiquefied Natural GasNatural GasNewsOil

Shell Q3 profits of $6 billion beat forecast as gas offsets weak refining

The Anglo-Dutch company's profits are up, as debt drops and sales of super-chilled LNG increase by 1 million metric tons.

The UN's COP29 climate conference in Azerbaijan will not include delegates from Papua New Guinea (AFP)
Carbon ManagementClimateClimate FinanceEmissionsEmissions MarketsEnvironmentIndigenousNewsPoliticsRegulationsUnited NationsWeather

Papua New Guinea to boycott ‘waste of time’ COP29

Papua New Guinea will skip COP29, calling it a "waste of time" with "empty promises" from big polluters, says Foreign Minister Tkatchenko.

FILE - A JetBlue Airbus flies over a pair of Southwest Airlines' jets from Bob Hope Airport in Burbank, Calif., bound for New York's JFK airport, July 19, 2005. California will partner with a trade group representing major U.S. airlines to increase the availability of sustainable aviation fuels, state officials said Wednesday. (AP Photo/Reed Saxon, File)
AviationBusinessFuelNewsSustainable Aviation FuelTransport

California announces sustainable fuels partnership to curb emissions from planes

California already produces about 11 million gallons annually of sustainable aviation fuel — this new plan would increase that to 200 million by...

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