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(Reuters) – CNPC, Asia’s top oil producer, is reviewing its global strategy as it looks to revive dealmaking, eyeing gas liquefaction and deepsea drilling as well as building on its record of producing more from aging wells, the head of its research arm said. China National Petroleum Corp (CNPC) and its listed arm PetroChina face …
Once-Acquisitive Chinese Oil Giant Looks to Revive Global Dealmaking Read More »
(Reuters) – The Panama Canal expects to be ready to combat a possible new drought, which could hit the world’s second-largest waterway within four years, by accommodating larger vessels, securing dedicated passage for some ships and expanding its water reservoirs’ capacity, its chief, Ricaurte Vasquez, said on Monday. The canal authority has announced a return …
Panama Canal Expects to be Ready for Next Drought, Authority Says Read More »
By Bruno Venditti Top Countries by Fossil Fuel Consumption in 2023 This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Fossil fuel consumption reached new record highs in 2023, driven by increased coal and oil use …
INFOGRAPHIC: Top Countries by Fossil Fuel Consumption in 2023 – Visual Capitalist Read More »
A general view of the Equinor’s Johan Sverdrup oilfield platforms in the North Sea, Norway December 3, 2019. REUTERS/Ints Kalnins/File Photo STAVANGER, Norway, Aug 26 (Reuters) – Equinor plans to invest 60 billion-70 billion Norwegian crowns ($5.7 billion-$6.7 billion) a year in oil and gas offshore Norway until 2035 as it expects continuing strong demand for …
Equinor to Invest up to $6.7 Bln a Year in Oil and Gas off Norway Until 2035 Read More »
Norway must make more area available for hydrocarbon exploration and scale up the country’s nascent renewable sector in order to protect domestic suppliers of parts and services, according to the head of the country’s second biggest oil and gas company. “We need as much acreage as is possible and whatever is hindered by environmental assessments, …
Norway Oil Output, Renewable Push Go Hand-in-Hand, Aker BP Says Read More »
He will replace Dawn Farrell, who recently was appointed as Trans Mountain’s board chair, effective Sept. 1 Bloomberg News Trans Mountain Corp., the government-owned company operating Canada’s newest major oil pipeline, named Chief Financial and Strategy Officer Mark Maki as its next chief executive as it prepares for a sale to private owners. Maki will replace …
Trans Mountain Names Maki New CEO Before Government Sale Read More »
(Reuters) – Morgan Stanley has lowered its global oil demand growth forecast for 2024, mainly due to China’s slower economic growth, increased electric vehicle usage there, and a rise in the number of trucks in China powered by liquefied natural gas (LNG). The bank cut its global oil demand growth forecast for this year to …
Morgan Stanley Cuts 2024 Oil Demand Growth Outlook on China Factors Read More »
(Reuters) – The union representing over 9,000 Canadian rail workers vowed on Friday to challenge the federal government’s effort to mandate binding arbitration that would end an unprecedented rail stoppage at both of the country’s main freight rail carriers. The Teamsters union also filed notice to strike on Monday at Canadian National Railway, Canada’s largest …
Union Vows to Fight Canada’s Move to End Rail Shutdown, Sparking Uncertainty Read More »
LONDON, Aug 22 (Reuters) – In the next few weeks, Saudi Arabia and its OPEC⁺ allies must take a delicate decision about whether to proceed with planned production increases from October, or postpone them because of an uncertain economic outlook. The recent slides in front-month Brent futures prices, calendar spreads and refinery margins, amid concerns …
OPEC⁺ Faces Moment of Truth on Planned Output Increase: Kemp Read More »
(Reuters) For the first time, Canada’s two main railway companies – Canadian National Railway and Canadian Pacific Kansas City – are seeing a simultaneous labor stoppage that could inflict billions of dollars’ worth of economic damage. WHY HAVE OPERATIONS AT BOTH COMPANIES STOPPED? Contract talks between the Teamsters union and the companies usually take place …
Why Canada’s Railways Are Seeing an Unprecedented Labor Stoppage Read More »
