China’s Xi vows to buy more Mideast oil as US focus wanes
DUBAI, United Arab Emirates (AP) — Chinese leader Xi Jinping vowed on Friday to import more oil and natural gas from energy-rich Gulf Arab states while not interfering in their affairs, likely seeking to cast Beijing in a more favorable light than Washington as America’s attention in the region wanes.
Xi also urged the Arab countries to conduct energy sales in the Chinese yuan, potentially divorcing the U.S. dollar from transactions in a region where the United States still stations thousands of troops across a network of local bases as a hedge against Iran.
Crescent Point to acquire Kaybob Duvernay drilling assets from Paramount Resources
Crescent Point Energy Corp. says it has signed an agreement with Paramount Resources Ltd. to acquire additional Kaybob Duvernay assets for $375 million.
UPDATED: TC Energy shuts down Keystone pipeline system after leak in Kansas
TC Energy Corp. has estimated the volume of oil released in Wednesday's Keystone pipeline leak at 14,000 barrels, making this most recent spill larger than Keystone's 2017 and 2019 leaks combined. The update comes one day after TC Energy announced it had...
TC Energy shuts down Keystone pipeline system after leak in Kansas
The size and scope of the oil spill caused by the Keystone pipeline Wednesday remains unknown, but analysts say Canadian crude could suffer a significant price impact if the pipeline is shut down for more than a few days.
Pipeline operator TC Energy Corp. said Wednesday evening that it had mobilized people and equipment in response to a confirmed release of oil into a creek in Washington County, Kan., about 32 kilometres south of Steele City, Neb.
The system remained shut down Thursday morning, as crews respond and work to contain and recover the oil that was spilled.
US to boost natural gas exports to UK in energy partnership
WASHINGTON (AP) — The United States will increase exports of liquefied natural gas to Britain under a new agreement calling for the two countries to work together to boost energy security and drive down prices following Russia’s invasion of Ukraine.
President Joe Biden and British Prime Minister Rishi Sunak announced the agreement Wednesday as part of a larger effort to reduce global dependence on Russian energy exports, stabilize Western energy markets and step up collaboration on energy efficiency, nuclear power and renewables. The U.K.-U.S. Energy Security and Affordability Partnership will be steered by a new group led by senior British and White House officials.
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