Oil & Gas
News & Press Releases
Canada Share Buyback Tax May Backfire, Energy Sector Warns
According to industry leaders and analysts, Canada's proposal to tax corporate stock buybacks is unlikely to prevent oil and gas producers from returning cash to shareholders and may even make them less competitive.
According to CIBC, Canadian energy companies have...
News & Press Releases
Guyana Holds Offshore Oil Auction Under New Budgetary Terms
According to the vice president of the South American country, Guyana, one of the world's busiest oil drilling regions, will provide 14 offshore exploration blocks under conditions that substantially raise its share of oil earnings.This week, officials approved an...
News & Press Releases
Only Saudi Arabia Supplies More Oil To China Than Russia
China's oil imports from Russia increased by 22% in September compared to the same month a year prior, but they lagged Saudi Arabia somewhat as independent refiners increased their purchases of cheaper Russian fuel in response to low local...
News & Press Releases
France, Spain, Portugal Work On Barcelona-Marseille Gas Line
In place of the plans to expand the so-called MidCat pipeline across the Pyrenees, which France opposed, Spain, Portugal, and France said on October 20th that they would construct a sea-based pipeline to transport hydrogen and gas between Barcelona...
News & Press Releases
Biden To Advise Essential Oil Sales Halt, Raise U.S. Output
According to a senior administration official, U.S. President Joe Biden will lay out a strategy to sell off the remainder of the country's emergency oil reserve by the end of the year and explain a plan to replenish the...
News & Press Releases
The United States Might Sell Oil From Its Emergency Supply
Prior to November's legislative elections, the Biden administration anticipates selling oil from the Strategic Petroleum Reserve, according to three persons familiar with the situation. Based on one of the sources, President Joe Biden's declaration is anticipated this week as part...
News & Press Releases
Paper Suggests, EU Leaders May Back New Gas Price Standard
A draught bill suggests that in an effort to lower energy prices for businesses and consumers, European Union member leaders may support proposals to introduce a new gas price baseline at a summit next week.
The European Commission aims to...
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