Oil prices inched up on Wednesday as investors considered supply risks after the U.S. barred Chevron from exporting crude from Venezuela under a new asset authorisation, though expectations of more output from OPEC+ continued to limit gains. Brent crude futures rose 25 cents, or 0.4%, to $64.34 a barrel by 0345 GMT, while U.S. West Texas Intermediate crude gained 24 cents, or 0.4%, at $61.13 a barrel. The Trump administration has issued a new authorisation for U.S.-major Chevron that would [Read more]
News
New oil and gas jobs from BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location May. 27 Oil Battery Operator Roska DBO Grande Prairie May. 26 Journeyperson Electrician Strike Group Fort McMurray May. 26 3rd/4th Year Apprentice [Read more]
US grants Chevron narrow authorization to keep assets in Venezuela, sources say
The Trump administration has issued a narrow authorization for U.S. oil producer Chevron to keep assets in Venezuela, including its stakes in oil joint ventures with state company PDVSA, two sources with knowledge of the decision said on Tuesday. The guidelines, whose terms are similar to those in a U.S. license held by Chevron between 2020 and 2022 for its Venezuelan operations, came as the administration allowed the energy company's wider license to operate in the country to expire on [Read more]
Government moves to purge consumer carbon pricing from law
OTTAWA - The federal government has moved to purge consumer carbon pricing from law, effectively putting an end to what was once the keystone of the Liberals' climate policy. Prime Minister Mark Carney ended the consumer carbon price in March in his first official act after being sworn into office. Parliament was not sitting at the time so Carney used regulations to set the price to zero. But the Conservatives claimed Carney would just bring back consumer carbon pricing after the [Read more]
CAOEC statement on the Speech from the Throne
The Canadian Association of Energy Contractors (CAOEC) represents energy service contractors that employ tens of thousands of hard-working women and men in rural, remote, and Indigenous communities across Canada who power our nation’s energy sector. Their voices matter, their jobs matter, and their livelihoods are the backbone of this industry. Today, we welcome the vision outlined in the federal government’s Speech from the Throne, which opens Canada’s 45th Parliament with a commitment to [Read more]
Glenfarne Announces Partnership With Worley and Commencement of Final Engineering for the Alaska LNG Pipeline
Alaska LNG Strategic Partner Process Also Launched ANCHORAGE, Alaska & NEW YORK--(BUSINESS WIRE)--Glenfarne Alaska LNG, LLC (“Glenfarne”), a subsidiary of Glenfarne Group, LLC, and majority owner and lead developer of Alaska LNG, a joint venture with the State of Alaska’s Alaska Gasline Development Corporation, has selected Worley to undertake additional engineering and prepare a final cost estimate for the Alaska LNG Pipeline in sufficient detail to achieve Final Investment Decision for [Read more]
Wildfire in Alberta disrupts oil operations and prompts evacuations
A wildfire in the Canadian province of Alberta prompted the temporary shutdown of some oil and gas production and forced residents of a small town to evacuate. The blaze, which Alberta Wildfire said is approximately 1,600 hectares in size, is burning out of control about 7 km north of the town of Swan Hills in the northern part of the province. Oil-and-gas producer Aspenleaf Energy, which has wells in the area, evacuated its local field staff and temporarily halted operations, shutting in [Read more]
Saudi’s refining boom helps it weather oil price war: Bousso
Saudi Arabia has been cranking up oil refining operations to capture strong profit margins, helping the kingdom offset revenue lost from declining crude prices and exports. The world's top oil exporter has in recent years invested heavily in expanding and modernizing its refining and petrochemical capacity at home and overseas to meet growing demand for fuel and plastics while also securing outlets for its crude oil. Saudi Arabia has nine local refineries with a combined capacity of 3.33 [Read more]
OPEC+ must be mindful of rising oil demand, UAE energy minister says
The OPEC+ oil producer group is doing its best to balance the market but needs to be mindful of rising demand, United Arab Emirates Energy Minister Suhail Mohamed Al Mazrouei said at a forum in Abu Dhabi on Tuesday. (Reporting Yousef Saba and Sarah El Safty Writing by Nayera Abdallah Editing by David Goodman ) [Read more]
Oil little changed as higher OPEC+ output expectations weigh on sentiment
Oil prices were little changed on Tuesday on increasing expectations members of the Organisation of Petroleum Exporting Countries and their allies, known as OPEC+, will decide to increase their output at a meeting later this week. Brent crude futures were up 11 cents, or 0.2%, at $64.85 a barrel by 0640 GMT, while U.S. West Texas Intermediate (WTI) crude rose 6 cents, or 0.1%, to $61.59 a barrel. The WTI contract did not settle on Monday because of the U.S. Memorial Day holiday. "Crude oil [Read more]
- « Previous Page
- 1
- …
- 599
- 600
- 601
- 602
- 603
- …
- 3826
- Next Page »