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Husky to get $41.5M in federal cash for stalled N.L. offshore project
Husky Energy will receive $41.5 million in federal money to maintain jobs and move toward restarting its West White Rose offshore oil project in Newfoundland and Labrador, if conditions permit.
OPEC+ meets to come to an agreement on production plans for 2021
OPEC+ members will meet Thursday to discuss oil production plans for the 2021 year and how to manage weakened demand amid a second wave of COVID-19 cases globally. Bloomberg Oil Strategist Julian Lee reports.
OPEC+ makes headway on oil-output deal after days of talks
OPEC+ has made headway toward a deal on oil-output cuts, the first sign of progress after failed talks earlier this week.
Imperial Oil to write off up to $1.2B in Alberta natural gas assets
As part of a historic writedown by Exxon Mobil Corp., Canada's Imperial Oil has said it will reassess the long-term development of some Alberta natural gas assets it may never develop. BNN Bloomberg's Andrew Bell digs into the details.
OPEC+ works silently to repair crack at oil coalition's core
The successful OPEC+ deal that’s supported the oil market since the price crash earlier this year is threatened by a new fissure at the heart of the cartel.
U.S. to Add SMIC, CNOOC to Blacklist, Reuters Says
Nov.29 -- The Trump administration is poised to add chipmaker SMIC and offshore oil-and-gas explorer CNOOC to a list of firms blocked from American investment due to military ties, according to Reuters. Tom Mackenzie reports on "Bloomberg Markets: Asia."
OPEC+ expected to delay planned production increase
With oil still under pressure OPEC+ may seek to keep production levels low. BNN Bloomberg's Andrew Bell has more.
Oil heads for weekly gain ahead of OPEC+ production meeting
Oil is poised for a fourth weekly advance, boosted by optimism over COVID-19 vaccine progress ahead of an OPEC+ ministerial gathering next week.
Repsol cutting its dividend
Repsol is cutting its dividend as part of a near-term capital-preservation plan before a big green push on the other side of COVID-19. The Spain-based oil and gas producer said it’s aiming to ramp up its renewable capacity to 15 gigawatts by 2030 from less than 3 GW currently. BNN Bloomberg’s Andrew Bell has more.
Crude-by-rail shipments bounce back from summer lows in September, says CER
Canadian exports of crude oil by rail are bouncing back after falling to an eight-year low in July.