Pipeline operator TC Energy said on Tuesday that Canadian indigenous group Natural Law Energy will invest up to C$1 billion ($763.77 million) in its Keystone XL oil pipeline, despite U.S. President-elect Joe Biden's promise to stop the project.
Nov 17 Pipeline operator TC Energy said on Tuesday that Canadian indigenous group Natural Law Energy will invest up to C$1 billion ($763.77 million) in its Keystone XL oil pipeline, despite U.S. President-elect Joe Biden's promise to stop the project.
* Oil companies adjust to weak fuel demand (Adds closing share prices)
Oct 30 U.S. oil majors Chevron Corp and Exxon Mobil Inc cut spending aggressively in the third quarter in a race to offset weak trends in fuel demand caused by the COVID-19 pandemic, though the former managed a slim profit.
Oct 30 U.S. oil giants Chevron Corp and Exxon Mobil Inc cut spending aggressively in the third quarter in a race to beat weak trends in fuel demand caused by the COVID-19 pandemic, though the former managed a slim profit.
Oilfield services provider Baker Hughes Co reported a third straight quarterly loss on Wednesday and warned that activity may be lower next year, as a coronavirus-induced slump in commodity prices continued to hurt demand for equipment and services.
NEW YORK Oasis Petroleum Inc and Lonestar Resources US Inc's bankruptcy filings are the latest in a slew of restructurings that put oil-and-gas producers on track for their biggest year of bankruptcies since the 2016 shale downturn.
NEW YORK U.S. pipeline companies are sweetening terms in a competition to keep producers using their lines as the industry downturn caused by the coronavirus pandemic means there is less oil to transport.
Sept 16 EQT Corp, the largest U.S. natural gas producer by volume, has placed a bid on Chevron Corp's Appalachia gas properties and a pipeline stake, people familiar with the matter said.
EQT Corp , the largest U.S. natural gas producer by volume, has placed a bid on Chevron Corp's Appalachia gas properties and a pipeline stake, people familiar with the matter said.
The global tally of confirmed coronavirus cases hit 60 million on Wednesday, with the pace of new infections accelerating and the United States reporting record numbers of hospitalizations, according to a Reuters tally.