Quebec’s Alimentation Couche-Tard started with one store in 1980. Now, the retailer stands a serious chance of taking over the largest operator of convenience stores in the world: 7-Eleven. Currently, 7-Eleven’s more than 84,000 locations across the globe are owned by Japanese retailer giant, Seven & i Holdings, which rejected an offer worth $38.5 billion … Read more
The volatility of international oil markets hit home again earlier this week, as crude prices tumbled to their lowest levels in more than a year. Just a couple of weeks ago, West Texas Intermediate (WTI) prices — North America’s benchmark for crude oil — were around $75 US a barrel. This week, prices skidded to … Read more
Representational image Khalda Petroleum Company, operating in the Kalabsha Development Area of the Egyptian Western Desert, announced a new oil discovery in the West Fewebs-1 area. The well was tested by drilling 270 feet into the Paleozoic sands, and the recovery on a 1-inch production opening was 7,165 barrels of oil per day with a … Read more
A scaled-back version of the website for the Pathways Alliance, a consortium of Canada’s largest oilsands companies, is back online, weeks after content was pulled down in response to Bill C-59. Bill C-59, which includes amendments to the Competition Act, became law in June. The new rules require companies be able to prove their environmental claims. … Read more
Postmedia has entered an agreement to purchase SaltWire, Atlantic Canada’s largest newspaper chain, according to a news release issued Friday. SaltWire has been under creditor protection since March. It publishes more than 20 papers in Atlantic Canada, including The Chronicle Herald in Halifax, The Guardian in Charlottetown, and The Telegram in St. John’s, along with associated websites. … Read more
Union Minister of Petroleum and Natural Gas Hardeep Singh Puri addressing the first edition of UrjaVarta 2024 in Delhi on Thursday. | Photo Credit: Special arrangement Petroleum Minister Hardeep Singh Puri said a joint working group (JWG) has been constituted to improve ease of doing business in the oil exploration and production (E&P) sector. The … Read more
The Alberta government is aiming to soften new rules against greenwashing that led Canadian oil and gas groups to scrub their websites of climate pledges or add disclaimers. Alberta Environment Minister Rebecca Schultz, whose government has been critical of changes put into law last month, said Wednesday her government plans to take part in the … Read more
The Alberta government kicked off a flurry of activity three years ago when it began awarding the rights to underground caverns for storing carbon emissions. The gold rush was underway as companies announced dozens of projects and competed to stake their claim for those rights. The wave of new projects raised expectations that the oilpatch … Read more
For the first time, Alberta’s oil and gas industry has exceeded the province’s own regulatory limit for natural gas flaring. A tally by The Canadian Press of Alberta Energy Regulator data shows oil and gas companies in the province flared approximately 754 million cubic metres of natural gas last year, exceeding the annual provincial limit … Read more
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the extension of the deadline for the registration and submission of pre-qualification documents for the 2024 oil block licensing round. Gbenga Komolafe, Commission Chief Executive (CCE), NUPRC, announced the extension in a statement issued on Wednesday. Komolafe said the registration and submission of pre-qualification documents, initially … Read more
