DUBAI, United Arab Emirates (AP) — Masked Iranian navy commandos conducted a helicopter-borne raid to seize a U.S.-bound oil tanker in the Gulf of Oman, footage aired by Iran’s state television showed Friday. The capture on Thursday of the...
By Jon Gambrell in Dubai DUBAI, United Arab Emirates (AP) — Iran’s navy seized a Marshall Islands-flagged oil tanker in the Gulf of Oman on Thursday heading to the U.S. amid wider tensions over Tehran’s nuclear program, the latest-such capture in a...
French company TotalEnergies says it has signed a deal to sell its Canadian operations to Suncor Energy Inc. in an agreement worth up to $6.1 billion. Under the deal, Suncor will pay $5.5 billion in cash, plus up to an additional $600 million that is conditional on...
CALGARY — Precision Drilling Corp. reported a first-quarter profit compared with a loss a year ago as its revenue rose nearly 60 per cent, helped by stronger drilling activity and price increases in the U.S. and Canada. The oilfield services company says it earned...
CALGARY– Cenovus Energy Inc., Saskatchewan’s largest oil producer with significant operations in the Lloydminste rarea, delivered upstream production in the first quarter of 779,000 barrels of oil equivalent per day (BOE/d)1 and downstream throughput of...
