Oil Price Oil companies planning to ship crude on the expanded Trans Mountain pipeline in Canada are concerned that the project may not begin full service on May 1 but they would be nevertheless obligated to pay tolls from that date. In a letter to the Canada Energy Regulator (CER), Suncor Energy and other shippers including BP and Marathon Petroleum
Nasdaq Canadian oil producers are bracing for further potential delays to the Trans Mountain pipeline expansion (TMX) that could cost them millions of dollars in lost revenues in coming months after they ramped up production ready to fill the expanded line, meant to unlock access to Asia. However, the project, about 95% completed, has been beset by construction issues in
Oil Price Carbon capture, utilization, and storage (CCUS) could play a vital role in the decarbonization of some industries but carbon removals cannot be used by oil and gas firms while they continue to pump fossil fuels as usual, a new report by the Energy Transitions Commission showed on Thursday. “CCUS and removals are vital but do not mean business as usual,”
Nasdaq KERSEY, Colo. – Northern Colorado’s biggest oil producing region is emerging as a test case for energy companies hoping to tackle the industry’s most pressing regulatory and environmental problems: capping old wells that leak climate-warming methane and other emissions. In this farming community, oil giant Chevron Corp is sending crews as part of a state-wide push to seal leaks. Once
Yahoo Finance LONDON- Oil prices firmed on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai. Brent crude was up $2.40, or 2.1%, at $118 a barrel by 1357 GMT. U.S. West Texas Intermediate (WTI) crude rose $2.54, or 2.2%, to $117.21. Both benchmarks registered
Reuters LONDON – Oil rose about 1% on Thursday after early declines on a weaker dollar and U.S. inventory drawdowns, but delays to vaccine rollouts and fresh travel curbs to prevent new coronavirus outbreaks kept further gains at bay. Brent crude futures were up 53 cents at $56.34 a barrel by 1454 GMT, having hit a session low of $55.31.
