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An Ontario judge last week protected Chevron’s Canadian assets from being seized as part of the fight.
Now entering its 24th year, an international legal war seeking to hold Chevron Corp. liable for oil pollution in the Amazon has featured battles in courtrooms ranging from the U.S. to Ecuador to Canada. In a blow to Ecuadorian villagers who contend the company sullied their lands, an Ontario judge l
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“At least we’ve got a shot at it under Trump,” Jeff Keffer, CEO of the coal company Longview Power
President Donald Trump may be the coal industry’s only hope after years of being hit with burdensome regulations. The Environmental Protection Agency’s (EPA) regulation on power plants to tackle global warming, called the Clean Power Plan (CPP), could cost the U.S. economy a staggering $41 billio
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Oil has been going up – but for how long?
For the most part, 2016 was a miserable year in the oil and gas industry, as a massive oil glut fuelled by overproduction and a historically slow pace of growth in the Chinese economy conspired to drive oil prices to their lowest levels in 13 years. After touching $26 per barrel in February, how
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"With Canadian energy prices set to increase relative to U.S. prices, there will soon be an additional cost to Canada’s carbon policy. That price is less investment and lost jobs. Lower U.S. taxes will only compound the problem."
FREDERICTON, N.B. /Troy Media/ – When Justin Trudeau shuffled his federal cabinet last week, it signalled he’s taking the next United States president seriously. Finding the right mix of people to work with White House officials is important. But government policies also matter. Our prime minister w
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New technologies expected to boost profits and limit emissions from the oilsands
CALGARY - A CIBC research report predicts that new technologies will greatly reduce the cost and environmental impact of building new oilsands projects over the next five years. Oilsands analyst Arthur Grayfer says in the report that newly constructed projects producing bitumen through wells
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Noble Energy to Acquire Clayton Williams Energy for $2.7 billion
Increases Core Delaware Basin Position to Nearly 120,000 Net Acres Materially Enhances Oil Growth Outlook, Adds Substantial Midstream Upside Noble Energy Also Updates Four-Year Operating Plan HOUSTON and MIDLAND, Texas, Jan. 16, 2017 (GLOBE NEWSWIRE) -- Noble Energy, Inc. (NYSE:NBL) (“Noble Energ
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Henenghaixin Operating Corp. has received court permission to purchase Twin Butte Energy
The previously reported private oil and gas company, Henenghaixin Operating Corp., has received court permission to purchase Twin Butte Energy from the receiver, FTI Consulting. Here's the notice from FTI Consulting's website: On January 18, 2016 the Receiver sought and were granted a sale approv
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The president of the Canadian Association of Petroleum Producers says the protectionist sentiments expressed in U.S. President Donald Trump’s inauguration speech are a “wakeup call” for Canada.
CALGARY - The president of the Canadian Association of Petroleum Producers says the protectionist sentiments expressed in U.S. President Donald Trump's inauguration speech are a "wakeup call" for Canada. Tim McMillan says Canada is sometimes not "front of mind" when its largest trading partn
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The IEA’s monthly report says Thursday that OPEC production dropped to 33.09 million barrels a day in December from 34.2 million the previous month. The first such drop in seven months
PARIS - The International Energy Agency says global oil output is dropping for the first time in months, as Saudi Arabia and other oil-producing countries follow through on pledged cuts aimed at lifting oil prices. The IEA's monthly report says Thursday that OPEC production dropped to 33.09
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"There is no turning back to the ‘good old days’ of growth at any cost"
2016 was yet another wild year for oil prices, and 2017 could be just as volatile. No amount of OPEC “jaw-boning” will create a sustained medium to long-term stability in the price of oil, and there are serious questions about the arguments and optimism of oil bulls in recent months. It is clear, h
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6 Billion Barrels
Companies’ assets include 250,000 acres in highly prolific Permian Basin Adds more than 3.4 billion barrels of oil equivalent, of which 75 percent is liquids Upfront acquisition cost of $5.6 billion to be paid in ExxonMobil shares IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYS
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The transition from gas-powered to electric vehicles is easier said than done
Governments have never been a creator of wealth, nor an efficient distributor of resources, so when a government comes in and implements a tax for our betterment we should all have a healthy degree of skepticism. Over time, energy systems will change and new forms will come into play. That said,
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