The leaders of the International Energy Agency, the International Monetary Fund and the World Bank will discuss the energy crisis triggered by the Iran war next Monday, IEA executive director Fatih Birol said on Tuesday. "This energy crisis calls for all hands on deck & international cooperation," Birol said on social media platform X, stressing the need for the three institutions to support governments worldwide amid the economic fallout from the war. Birol, the IMF's chief Kristalina [Read more]
News
Iran talks continuing, but strikes on Saudi Arabia may derail effort, say sources
Talks between the United States and Iran were at risk of being derailed following Tehran's attacks on Saudi Arabian industrial facilities, two Pakistani sources with knowledge of the discussions told Reuters on Tuesday, as the hours before President Donald Trump's threat to unleash "hell" on the nation dwindled. The next few hours of talks are critical, one of the sources said. Trump has given Iran until 8 p.m. in Washington - 3:30 a.m. in Tehran - to end its blockade of Gulf oil or see the [Read more]
US natgas futures rise as daily production falls, Texas Waha prices stay negative
U.S. natural gas futures edged up to a one-week high on Tuesday on a preliminary decline in daily output. That small price increase came despite forecasts for milder weather and lower demand over the next two weeks than previously expected and a daily decline in the amount of gas flowing to U.S. liquefied natural gas (LNG) export plants. Front-month gas futures for May delivery on the New York Mercantile Exchange rose 2.6 cents, or 0.9%, to $2.837 per million British thermal units (mmBtu), [Read more]
Pembina Business Update Highlights Strategic Focus and Growth Outlook
This news release refers to certain financial measures and ratios that are not specified, defined or determined in accordance with Generally Accepted Accounting Principles ("GAAP"), including fee-based adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA") per share. For more information see "Non-GAAP and Other Financial Measures" herein. CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) will [Read more]
US hits military targets on Iran’s Kharg Island, Vance says no change to strategy
U.S. strikes on Iran's Kharg Island do not represent a change in American strategy, U.S. Vice President JD Vance said on Tuesday as a U.S. official separately told Reuters the additional strikes on military targets did not impact oil infrastructure. The official, who spoke to Reuters on condition of anonymity, described at least some of the strikes as targeting sites that had been previously struck before and said the attack occurred in the early morning hours of Tuesday. Vance, speaking [Read more]
Pembina targets 5%-7% annual fee-based core profit growth through 2030
Canadian oil and gas company Pembina Pipeline said on Tuesday it expects to deliver 5% to 7% compound annual fee-based adjusted core profit per share growth through 2030, supported by higher utilization of existing assets and contributions from sanctioned new projects. * The company said its long-term growth plans include continued investment in its core business, as well as additional investments in liquefied natural gas, liquefied petroleum gas, gas-to-power and emissions reduction [Read more]
Drilling Engineer Captures Record Savings For Operator
Right here in Central Alberta, a Drilling Engineer has delivered massive savings for a Canadian Operator. The first of its kind for our industry, the Drilling Engineer displaced: a 600kw diesel gen running the AC rig, a 100kw diesel gen (running several shacks/waste processing), a 300kw Centrifuge, and 2 x 20kw diesel gens running light towers and miscellaneous surface equipment. The Operator deployed four microturbines and connected the entire site, including the drilling rig, to a microgrid [Read more]
Trump says ‘a whole civilization will die tonight’ if Iran does not make a deal
U.S. President Donald Trump once again exhorted Iran to make a deal by his Tuesday deadline, saying a "whole civilization will die tonight" if an agreement is not reached to end the conflict. "A whole civilization will die tonight, never to be brought back again. I don’t want that to happen, but it probably will," Trump said in a post on Truth Social. "We will find out tonight, one of the most important moments in the long and complex history of the World." (Reporting by Susan Heavey [Read more]
World is lining up for Russian energy, the Kremlin says
The Kremlin said on Tuesday there were a huge number of requests for Russian energy from a range of different places amid a grave global energy crisis that was shaking the foundations of the oil and gas markets. The U.S. and Israeli war against Iran has triggered an energy crisis for the global economy by trapping a large volume of oil in the Gulf due to Iran's closure of the Strait of Hormuz to most vessels. The crisis comes just as European consumers were trying to end their reliance on [Read more]
Iran has attacked Saudi Arabia’s Jubail petrochemical complex, IRGC says
Iran has attacked Saudi Arabia's Jubail petrochemical complex, the heart of the kingdom's downstream energy sector and home to multi-billion-dollar joint ventures, Iran's Islamic Revolutionary Guard Corps said on Tuesday. Jubail, a sprawling industrial city, houses massive joint ventures between state-backed oil giant Saudi Aramco and its petrochemical subsidiary SABIC, and Western energy majors. The IRGC said the attacks were "in response to the enemy's crimes in the aggression against [Read more]
- « Previous Page
- 1
- …
- 130
- 131
- 132
- 133
- 134
- …
- 3760
- Next Page »