Webinar: Stabilization Solutions for Roads, Highways & Bridges

Company Announcements, Latest / By

You’re invited to join Presto Geosystems for a live, 1-hour webinar to explore how the GEOWEB® Soil Stabilization System can strengthen infrastructure resilience for your road, highway, and bridge projects. Webinar Description Infrastructure development for highways and road corridors faces many challenges when it comes to project design and construction. Building asphalt or concrete roadways …

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Panama Canal to Open Bidding for LPG Pipeline, Authority Says

CDN and International News, Latest, Natural Gas / By

Reuters) – The Panama Canal has authorized the opening of a bidding process for a new pipeline that will transport liquefied petroleum gas (LPG) across the interoceanic waterway, its authority said on Friday. Since Panama’s Supreme Court last year ruled the return of areas near the canal to its administration, the planning of projects to …

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Seeking to Punish Cheaters, Saudi Arabia Pushes OPEC+ to Open Oil Taps

CDN and International News, Latest, Oil / By

Summary • Saudi Arabia seeks to punish cheaters – three sources • Oil falls 8% below $65 per barrel, lowest since 2021 • Move revives memories of oil price wars of 2014, 2020 • Production hike, oil price drop to appease Trump (Reuters) – Saudi Arabia’s anger at Kazakhstan and other over producing nations was …

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Chevron to Pay $740 Million to Restore Louisiana’s Coast

Latest, US News / By

(Reuters) – Chevron was ordered to pay $740 million to restore damages the oil and gas major caused to southeast Louisiana’s coastal wetlands, the Associated Press reported on Friday. The ruling — delivered by a jury — awarded $575 million for land loss compensation, $161 million to compensate for contamination and $8 million for abandoned …

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S&P 500 Loses $5 Trillion in Two Days in Trump Tariff Selloff

Conventional Energy, Energy Topics & Technology, Finance, Latest, LNG, Natural Gas, Oil, US News / By

Global stock markets extended their recent rout on Friday, with S&P 500 companies wiping out $5 trillion in stock market value since U.S. President Donald Trump unveiled sweeping tariffs on Wednesday, while investors fled to the safety of government bonds.The Nasdaq confirmed it was in a bear market, ending more than 20% below its record …

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Western Canada Select Heavy Crude Discount Enters Sub-$9 Territory

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Oilsands / By

The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) continued to narrow on Friday, dipping into sub-$9 territory as global oil prices fell to pandemic levels. WCS for May delivery in Hardisty, Alberta, settled at $8.90 a barrel under WTI, according to brokerage CalRock, after …

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Oil Dives 7% Friday to Lowest in Over 3 Years on China’s Tariffs

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary • Brent closes at lowest since August 2021 • Oil posts biggest weekly decline since 2023 • China announces retaliatory tariffs on US • OPEC+ unexpectedly speeds up oil output hikes • Russian court rules not to suspend Caspian pipeline export terminal (Reuters) – Oil prices plunged 7% on Friday to settle at their …

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US Natgas Prices Drop 7% on Reduced Flows to LNG Export Plants, Lower Demand Forecasts

Conventional Energy, Latest, LNG, Natural Gas, US News / By

(Reuters) – U.S. natural gas futures dropped about 7% to a five-week low on Friday on a decline in daily liquefied natural gas (LNG) exports and forecasts for mild weather and lower demand over the next two weeks than previously expected. That price drop occurred despite a decline in output so far this month. Gas …

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