Shell cancels the Norway Hydrogen Project due to a lack of Demand
Shell announced on Monday that it had scrapped plans to build a low carbon hydrogen plant along Norway's westcoast due to lack of demand. This comes just days after Equinor canceled a similar project planned in Norway.
Gazprom Neft Cuts Output Forecast Iraq Oilield
Russian oil producer Gazprom Neft has made a further cut to its forecast for the level at which output will plateau at the Badra oilfield in Iraq, the company said on its website on Thursday.The post cited comments made by Deputy Chief Exec
Trump's Tariff Announcement on Track for This Week
U.S. President Donald Trump's announcement on steel and aluminum tariffs is on track to come by the end of this week, White House spokeswoman Sarah Sanders told reporters on Wednesday. Trump is…
Futures Gain as Oil Edges Higher
Stock futures pointed to a higher opening for Canada's main stock index on Tuesday as oil prices rose on hopes that OPEC and non-OPEC producers may be edging closer to a deal to tackle one of the biggest supply gluts in decades.
Brazil to Arrest 7 More in Petrobras Scandal
Brazil's federal police said it had issued seven arrest warrants on Friday in another phase of a corruption probe focused on state-run oil company Petrobras, as the investigation continues to move further into the political realm.
Exxon Refinery Blast Injures Three
An explosion and fire ripped through a gasoline processing unit at an Exxon Mobil refinery in Torrance, California, near Los Angeles on Wednesday, slightly injuring three workers and shattering windows of surrounding buildings…
