Suncor Energy CEO Steve Williams To Retire Next Year
Suncor Energy CEO Steve Williams will step down in May 2019 with the company's COO, Mark Little, taking over the top job at that time.
Macron Agrees With Trump To Pressure Producers To Bring Down Oil Prices
French President Emmanuel Macron said he and U.S. President Donald Trump agreed to put pressure on oil producers to bring down oil prices.
Global Oil Market To Face Surplus As Demand Growth Slows, IEA Says
In its monthly report, the IEA cut its forecast for non-OECD demand growth, the engine of expansion in world oil consumption.
TransCanada: Impact Of US Court Ruling On Keystone XL Timing Unclear
TransCanada remains "fully committed" to the Keystone XL pipeline as it reviews a recent decision by a Montana judge to block construction of the $8 billion project, a company executive says.
Shares In Oilfield Services Firm Weatherford Drop Below $1
The stock, which peaked at almost $50 in 2008, has fallen sharply since oil prices crashed in late 2014, leading to a string of losses at Weatherford since the third quarter that year.
GE Seeks To Raise $4 Billion With Sale Of Baker Hughes Stake
GE, which bought Baker Hughes in July 2017, has been selling off assets and cutting costs to lower its debt and focus on its core businesses of jet engines, power plants and renewable energy.
Risking Trump Ire, OPEC Builds Case For Oil Production Cuts
Worried by a drop in oil prices and rising supplies, OPEC is talking again of reducing production just months after increasing it despite urges by U.S. President Donald Trump not to cut supply.
Oil Majors Spending ‘Sweet Spot’ To Last To 2020
Big Oil is today in a spending sweet spot as years of cost cuts and rising oil prices converge but investments will need to rise after 2020 to boost output, said asset manager BlackRock.
Brent Crude Enters Bear Market, Drops Below $70
Brent crude oil dropped below $70 a barrel on Nov. 9 for the first time since April.
US Judge Halts Construction Of Keystone XL Oil Pipeline
A federal judge in Montana halted construction of the Keystone XL oil pipeline on Nov. 8 on the grounds that the U.S. government did not complete a full analysis of the environmental impact of the TransCanada Corp. (NYSE: TRP) project.