Iran discovered an oil field containing the equivalent of 53 billion barrels, potentially boosting its reserves as the OPEC member struggles to overcome the effects of sanctions on its energy industry.
— Read on www.bloomberg.com/news/articles/2019-11-10/iran-claims-to-discover-53-billion-barrels-in-new-oil-reserves
Tag: Oil
CIBC’s Dodig throws support behind struggling energy sector – BNN Bloomberg
CIBC’s Dodig throws support behind struggling energy sector – BNN Bloomberg
— Read on www.bnnbloomberg.ca/cibc-s-dodig-throws-support-behind-struggling-energy-sector-1.1341633
CIBC CEO Throws Support Behind Canada’s Struggling Energy Patch – Bloomberg
The head of a Bay Street bank threw his support behind Canada’s beleaguered energy industry, saying the country serves neither itself, nor the planet, by undermining its ability to get its “responsibly” produced oil and gas to market.
— Read on www.bloomberg.com/news/articles/2019-11-01/cibc-ceo-throws-support-behind-canada-s-struggling-energy-patch
Big Oil’s stalled response to climate change is straight out of Big Tobacco playbook, report says, as Exxon trial to begin – MarketWatch
As ExxonMobil heads to court this week for a New York suit accusing it of misleading investors about climate change, a team of researchers at George Mason,…
— Read on www.marketwatch.com/story/fossil-fuel-climate-stalling-straight-out-of-big-tobacco-playbook-experts-say-as-exxon-court-case-to-begin-2019-10-21
Research group ranks oil majors most exposed to climate change – Financial News
New report finds significant variation in oil and gas giants’ preparedness to act on climate change
— Read on www.fnlondon.com/articles/research-group-ranks-oil-majors-most-exposed-to-climate-change-20191101
The World’s Most Profitable Company Pays Surprisingly Little
(Bloomberg) — They run the world’s most profitable company, oversee one-tenth of global oil output and their decisions help shape the fate of a nation. Their paychecks, however, are a little less grandiose.Saudi oil giant Aramco is a cash cow for the kingdom, allowing the royal family to wield power
— Read on ca.finance.yahoo.com/news/world-most-profitable-company-pays-040104142.html
Ready to move ‘about 200,000 barrels a day’: Crude by rail set to increase
Alberta will lift some of the curtailment restrictions imposed on its oil industry and allow producers to ship more crude-by-rail, a move that is expected to provide a boost for Canadian railways.
— Read on ca.finance.yahoo.com/news/ready-to-move-about-200000-barrels-a-day-crude-by-rail-set-to-increase-195353553.html
Keystone Pipeline Shutdown Raises Costs for U.S. Gulf Refiners – Bloomberg
The Keystone crude pipeline was shut Wednesday after leaking thousands of barrels of crude in North Dakota, the third spill along the pipeline’s route in less than three years.
— Read on www.bloomberg.com/news/articles/2019-10-30/tc-energy-keystone-pipeline-shuts-after-north-dakota-oil-spill
Another Energy Player Drops ‘Canada’ From Name Amid Exodus – Bloomberg
Canada’s beleaguered energy sector suffered another morale blow as Encana Corp. — one of its marquee companies that was born out of the 19th-century railway boom — announced plans to move its headquarters to the U.S. and drop the link to Canada from its name.
— Read on www.bloomberg.com/news/articles/2019-10-31/encana-to-establish-u-s-domicile-as-permian-oil-output-surges
Which Companies Are Responsible For the Most Carbon Emissions?
Since 1965, over ⅓ of the world’s cumulative carbon emissions can be traced back to just 20 fossil fuel companies. Who are the biggest contributors?
— Read on www.visualcapitalist.com/companies-carbon-emissions/