Here’s Why I Wouldn’t Touch This TSX Stock With a 50-Foot Pole
May 17, 2024
2024-05-17 20:45:00 ET The Canadian dollar is looking pretty weak. But unfortunately, it co…
Andora Completes Acquisition of Additional Sawn Lake Assets from Receivership
May 17, 2024
Andora Completes Acquisition of Additional Sawn Lake Assets from Receivership Canada Ne…
2 No-Brainer Energy Stocks to Buy Right Now for Less Than $500
May 17, 2024
2024-05-17 16:20:00 ET The energy sector has been one of the best-performing sectors on the…
Banks remain financially committed to oil despite transition shift
May 17, 2024
Oil Price There is no large international bank without a net-zero plan. These plans invariably include curbs in lending to the oil and gas industry. Yet despite these plans. Most of the world’s top lenders continue doing business with the oil industry—and they’ve been doing more of it lately. The revelation comes from the 15th annual Banking on Climate Chaos report authored by
Saudi Aramco signs MOUs with U.S. firms to advance lower-carbon solutions
May 17, 2024
Oil Price In a strategic move to bolster its commitment to sustainable energy, Saudi Aramco (2223.SE) has entered into three significant memorandums of understanding (MOUs) with U.S. companies Aeroseal, Spiritus, and Rondo. The agreements aim to explore and develop lower-carbon energy solutions, as detailed in an official statement released on Friday. Improving Pipeline Integrity The MOU with Aeroseal—an energy efficiency
U.S. rig count had an increase of 1 this week, at 604
May 17, 2024
Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had an increase of 1 over last week, resulting in a total count of 604 rigs. Canada had a decrease of 2 over last week, resulting in a total Canadian count of 114 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Ardmore
GeoPark acquires stake in Vaca Muerta blocks, expands Latin American presence
May 17, 2024
World Oil (WO) — In a strategic deal, GeoPark has signed an asset purchase agreement with Phoenix Global Resources, a subsidiary of Mercuria Energy Trading, to acquire non-operated working interests (WI) in four adjacent unconventional blocks in the Neuquén basin. These blocks include a 45% WI in each of the Mata Mora Norte producing block and Mata Mora Sur exploration
World’s top sovereign wealth fund seeks more climate disclosure from Shell
May 17, 2024
Oil Price Norway’s $1.66-trillion sovereign wealth fund, the world’s biggest, is encouraging UK-based supermajor Shell to shed more light on its eased climate targets. The fund, which is commonly referred to as ‘Norway’s oil fund’ because it was created with oil and gas revenues, is a shareholder in many large companies in the world, including Big Oil, and has the
Oil heads for weekly gain on hopes of firmer demand
May 17, 2024
CNBC Oil steadied on Friday, with global benchmark Brent heading for its first weekly gain in three weeks, as economic indicators from big consumers China and the United States bolstered hopes for higher demand. China’s industrial output rose 6.7% year on year in April as recovery in its manufacturing sector gathered pace, accelerating from 4.5% in March and pointing to
