Tag: Oil

After telecom firms, China oil giants may face US delisting next | Business and Economy News

Chinese oil firms Cnooc, PetroChina and Sinopec may be removed from US exchanges due to military links, analysts say.

Chinese oil majors may be next in line for delisting in the U.S. after the New York Stock Exchange said last week it would remove the Asian nation’s three biggest telecom companies.

China’s largest offshore oil producer Cnooc Ltd. could be most at risk as it’s on the Pentagon’s list of companies it says are owned or controlled by Chinese military, according to Bloomberg Intelligence analyst Henik Fung. PetroChina Co. and China Petroleum and Chemical Corp., also known as Sinopec, may also be under threat as the energy sector is crucial to China’s military, he said.

“More Chinese companies could get delisted in the U.S. and the oil majors could come as the next wave,” said Steven Leung, executive director at UOB Kay Hian in Hong Kong. At the same time,

Canada urges Biden not to cancel oil pipeline on to start with working day

TORONTO (AP) — Top officials in Canada want a probability to make the scenario for a lengthy disputed oil pipeline to be created amid reports President-elect Joe Biden will cancel Keystone XL.

Alberta Leading Jason Kenney reported Monday he will seek lawful damages if reviews are legitimate that Biden ideas to scrap the pipeline on his initial day upon getting business office. Biden’s approach is outlined in transition documents observed by Canadian media outlets.

“We hope President-elect Biden will present respect for Canada and will sit down and at the very the very least chat to us,” Kenney said.

Biden spokesman Andrew Bates stated Monday the transition workforce experienced no comment on the pipeline. A human being familiar with the pipeline make any difference explained Monday that the document cited by Canadian information media was a draft slide that was a few months old. In spite of the timing proposed

Biden puts freeze on new oil, gas leases on federal land, will tie climate to overseas policy

WASHINGTON — President Joe Biden declared a extensive-ranging moratorium on new oil and gas leasing on U.S. lands and waters, as his administration moves immediately to reverse Trump administration insurance policies on power and the ecosystem and address local climate transform.

The transfer follows a 60-day suspension of new drilling permits for U.S. lands and waters announced last week and follows Biden’s campaign pledge to halt new drilling on federally managed land and drinking water as aspect of his approach to handle weather transform. The moratorium is supposed to make it possible for time for officials to overview the affect of oil and fuel drilling on the ecosystem and weather.

Environmental teams hailed the anticipated moratorium as the type of daring, urgent motion desired to slow local weather adjust.

“The fossil gasoline business has inflicted remarkable harm on the planet. The administration’s assessment, if carried out appropriately, will demonstrate that

Biden revokes KXL allow in blow to Canada’s oil sector, Ottawa dissatisfied

U.S. President Joe Biden on Wednesday will revoke the permit desired to construct the Keystone XL oil pipeline soon after becoming sworn into office environment, aides said, dashing Ottawa’s hopes of salvaging a challenge that the struggling Canadian crude sector has extended supported.

FILE Image: A depot used to store pipes for the planned Keystone XL oil pipeline is noticed in Gascoyne, North Dakota, January 25, 2017. REUTERS/Terray Sylvester/File Image

CALGARY, Alberta: U.S. President Joe Biden on Wednesday formally revoked the permit necessary to construct the Keystone XL oil pipeline (KXL), dashing Ottawa’s hopes of salvaging the US$8 billion job that the battling Canadian crude sector has prolonged supported.

The transfer signifies one more set-back for the beleaguered Canadian vitality marketplace, kills countless numbers of work and marks an early bump in Biden’s connection with Canada, a key

Canada urges Biden not to cancel oil pipeline on initially working day

Top rated officials in Canada want a prospect to make the scenario for a lengthy disputed oil pipeline to be crafted amid studies President-elect Joe Biden will cancel Keystone XL.

Alberta Premier Jason Kenney said Monday he will request legal damages if stories are true that Biden designs to scrap the pipeline on his initial day on taking business office. Biden’s plan is outlined in transition documents found by Canadian media shops.

“We hope President-elect Biden will exhibit regard for Canada and will sit down and at the really minimum talk to us,” Kenney claimed.

Biden spokesman Andrew Bates stated Monday the changeover group had no remark on the pipeline. A person acquainted with the pipeline make a difference claimed Monday that the document cited by Canadian information media was a draft slide that was a several months previous. Inspite of the timing proposed in the draft slide, everything

Biden revokes KXL allow in blow to Canada’s oil sector, Ottawa dissatisfied

U.S. President Joe Biden on Wednesday will revoke the permit needed to make the Keystone XL oil pipeline after currently being sworn into business, aides stated, dashing Ottawa’s hopes of salvaging a task that the battling Canadian crude sector has extensive supported.

FILE Picture: A depot made use of to retailer pipes for the planned Keystone XL oil pipeline is seen in Gascoyne, North Dakota, January 25, 2017. REUTERS/Terray Sylvester/File Image

CALGARY, Alberta: U.S. President Joe Biden on Wednesday formally revoked the permit essential to establish the Keystone XL oil pipeline (KXL), dashing Ottawa’s hopes of salvaging the US$8 billion job that the having difficulties Canadian crude sector has extensive supported.

The shift represents yet another established-again for the beleaguered Canadian electricity marketplace, kills 1000’s of work opportunities and marks an early bump in Biden’s relationship with Canada,

From Alberta’s oil sands to tariffs, how Biden’s presidency could change Canada

TORONTO —
No more trade wars. A multi-billion dollar Alberta pipeline on the chopping block. A jolt of interest — and major investments — in cutting-edge green technology.

Canadians can expect some major changes under incoming U.S. President Joe Biden, who campaigned on a platform that diverged drastically from Donald Trump’s policies in both substance and tone.

Biden enters the White House with plenty of big promises looming, including vaccinations for 100 million Americans in his first 100 days in office and a $1.7-trillion “Clean Energy Revolution” plan that experts say could jolt the economy and lend confidence to green industries.

CTV News has also learned that Biden plans to use an executive order on his first day to scrap the US$8 billion Keystone XL pipeline, which could have major repercussions for Alberta. Construction began in Alberta last summer and the project was set to be completed by 2023. The

Canada urges Biden not to cancel oil pipeline on to start with working day

Top rated officers in Canada want a opportunity to make the situation for a very long disputed oil pipeline to be constructed amid studies President-elect Joe Biden will cancel Keystone XL.

Alberta Leading Jason Kenney mentioned Monday he will look for lawful damages if reviews are legitimate that Biden options to scrap the pipeline on his initial working day on using business. Biden’s prepare is outlined in transition paperwork viewed by Canadian media stores.

“We hope President-elect Biden will display respect for Canada and will sit down and at the pretty least communicate to us,” Kenney said.

Biden spokesman Andrew Bates said Monday the changeover team experienced no remark on the pipeline. A man or woman common with the pipeline make any difference mentioned Monday that the document cited by Canadian news media was a draft slide that was a several weeks aged. Inspite of the timing instructed in

Canada urges Biden not to terminate oil pipeline on initial day

The premier of Canada’s oil-rich province of Alberta desires U.S. President-elect Joe Biden to give the Canadian government a opportunity to make the scenario for the Keystone XL oil sands pipeline to be built

TORONTO — Top rated officials in Canada want a possibility to make the scenario for a extensive disputed oil pipeline to be developed amid reports President-elect Joe Biden will cancel Keystone XL.

Alberta Leading Jason Kenney said Monday he will search for authorized damages if studies are correct that Biden ideas to scrap the pipeline on his initial working day on taking business. Biden’s approach is outlined in transition paperwork seen by Canadian media stores.

“We hope President-elect Biden will clearly show regard for Canada and will sit down and at the

Canada in contact with incoming Biden admin about oil pipeline

TORONTO (AP) — Canadian Prime Minister Justin Trudeau explained Tuesday his officials are in normal contact with U.S. President-elect Joe Biden’s incoming administration about a lengthy disputed oil pipeline that experiences say Biden will terminate on his first day in office environment.

Trudeau mentioned about the very last quantity of days, such as Tuesday, that his officers have communicated arguments in favor of the Keystone XL pipeline to the maximum amounts of his administration. A number of Canadian media outlets described Sunday that Biden ideas to scrap the pipeline instantly upon using office environment. Biden’s strategy is outlined in changeover files found by the shops.

“We are talking with the greatest stage of the administration to encourage our arguments in help of this task,” Trudeau mentioned.