Liquefied natural gas producer Venture Global expects to win its remaining arbitration cases against major energy companies following its victory against Shell, CEO Mike Sabel said on Wednesday. The Arlington-based company's stock rose 8% at midday, a day after it won the legal battle over Shell's failure to deliver LNG under long-term contracts starting in 2023. The remaining cases are over similar contract disputes with companies that include BP, Edison, Orlen, Repsol and Galp. "We [Read more]
cases
TC Energy showcases ESG initiatives at inaugural forum
CALGARY, Alberta – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today will showcase the Company’s progress on Environmental, Social and Governance (ESG) matters at its inaugural ESG Forum. The Company continues to take deliberate and defined action to achieve its sustainability goals, including its climate-related goals to reduce emissions intensity from operations 30 per cent by 2030 and to position to achieve net zero emissions by 2050. Some of the Company’s latest ESG [Read more]
Omicron threatens oil demand recovery, already hit by Europe’s rising COVID cases
Asian oil refiners' margins have slumped to the lowest in nearly five months amid worries that the Omicron coronavirus variant could deal another blow to oil demand recovery, already hit by rising COVID-19 cases in Europe. Governments worldwide imposed travel curbs on travellers from southern Africa during the weekend to limit the spread of Omicron, first detected in South Africa. Scientists are racing to find out whether it is more transmissible or causes more severe disease than existing [Read more]
Oil recovers after hitting three-week low amid surging COVID-19 cases
Oil prices rose on Tuesday, edging up from a three-week low in the previous session, but gains are likely to be limited on worries that rising COVID-19 cases and restrictions in China will dent fuel demand. U.S. West Texas Intermediate (WTI) crude was up by 66 cents, or 0.98%, at $67.54 a barrel, having fallen by 2.6% in the previous session. Brent crude was up by 74 cents, or 1.07%, at $69.93 a barrel after falling 2.3% on Monday. China on Monday reported more COVID-19 infections in the [Read more]
Oil steadies on India COVID-19 cases, U.S. pipeline restart
Oil prices bounced back after dropping about 3% a day earlier as coronavirus cases remained high in major oil consumer India and as a key fuel pipeline in the United States resumed operations after being shut due to a cyber attack. West Texas Intermediate (WTI) was climbed $1.35, or 2.12%, at $65.13 a barrel. Both prices are heading for their first weekly loss in three weeks. Brent crude oil futures rose $1.42 or 2.12%, at $68.40 a barrel. "The commodity supercycle rally just hit a hard [Read more]
Suncor delays maintenance project as COVID-19 cases plague Fort McMurray area
CALGARY - Suncor Energy Inc. will delay a planned maintenance shutdown at its Base Plant oilsands mine upgrader in view of surging COVID-19 outbreaks that led to a state of emergency being declared last week for the Fort McMurray area of northern Alberta. CEO Mark Little says the delay of the maintenance "turnaround" for one of the coker units in the upgrader will allow the company to reduce the number of contractors in the region until after similar work now underway at the nearby Syncrude [Read more]
OPEC+ ministers meet amid concern about rising virus cases
Ministers from OPEC, Russia and their allies met on Tuesday to discuss production policy amid upbeat forecasts for energy demand despite concerns about new coronavirus spikes in India, Brazil, and Japan. The group, known as OPEC+, began a meeting of its joint ministerial monitoring committee (JMMC) a day ahead of schedule, an OPEC+ source told Reuters. Before the meeting, OPEC+ sources said it was not clear if OPEC+ would hold a full ministerial meeting on Wednesday as originally planned or [Read more]
Oil prices edge up amid doubts over U.S. stimulus, rising coronavirus cases
Oil prices slightly gained on Tuesday, as hopes for rapid approval of new U.S. economic stimulus faded while new coronavirus infections around the world mount up. WTI increased 3 cents, or 7% to $52.84. Brent crude shot up 12 cents at $56.96, having risen nearly 21% on Monday. Have recently hit 11-month highs, oil is caught between lingering doubts over any recovery in demand as the pandemic continues to rage, offset by optimism for more stimulus from the newly installed Biden [Read more]
Oil prices fall as China’s surging COVID-19 cases trigger clampdowns
Oil prices dropped on Friday, retreating further from 11-month highs hit last week, weighed down by worries that new pandemic restrictions in China will curb fuel demand in the world's biggest oil importer. U.S. West Texas Intermediate (WTI) crude futures dropped 88 cents, or 1.63%, to $52.13 a barrel. Brent crude futures fell 85 cents, or 1.52%, to $55.20 a barrel. Recovering fuel demand in China underpinned market gains late last year while the United States and Europe lagged, but that [Read more]
Oil prices fall on renewed coronavirus concerns as China cases mount
Oil prices fell on Monday on renewed concerns about global fuel demand amid strict coronavirus lockdowns in Europe and new movement restrictions in China, the world’s second-largest oil user, after a jump in cases there. U.S. West Texas Intermediate (WTI) slipped 97 cents, or 1.85%, to $51.65 a barrel. WTI rose to its highest in nearly a year on Friday. Brent crude oil futures fell $1.09, or 1.94%, to $55.16 a barrel after earlier climbing to $56.39, its highest since Feb. 25, 2020. Brent rose [Read more]
- 1
- 2
- 3
- …
- 195
- Next Page »