US Tariffs on Canada, Mexico Hit an Interconnected Crude System
Canadian producers and U.S. refiners are likely to continue at current business levels despite a brewing trade war, analysts say.
California Resources Continues to Curb Emissions, This Time Using CCS for Cement
California Resources’ carbon management business Carbon TerraVault plans to break ground on its first CCS project in second-quarter 2025.
Elliott Nominates 7 Directors for Phillips 66 Board in Big Push for Restructuring
Elliott Investment Management, which has taken a $2.5 billion stake in Phillips 66, said the nominated directors will bolster accountability and improve oversight of Phillips’ management initiatives.
Responding to Trump’s Tariff War: Ontario Premier to Impose 25% Tariff on Power to Three U.S. States Affecting 1.5 Million Homes
Affects 1.5 million homes in Minnesota, Michigan and New York Bloomberg News Ford has written letters to the governors of those states to inform them of the surcharge, he told reporters at the provincial legislature. “If these tariffs persist, if the Trump administration follows through on any more tariffs, we will immediately apply a 25 …
Ontario Threatens Surcharge on Electricity to Three U.S. States as a Result of Trump Tariff War on Canada
Ontario, Canada’s most populous province, on Tuesday said that if U.S. tariffs persisted, it would impose a 25% surcharge on electricity exports to New York, Michigan and Minnesota. Premier Doug Ford also told reporters that Ontario would ban U.S. companies from provincial procurement contracts and was ripping up a contract with Elon Musk’s Starlink.
Canadian PM Trudeau Tells Trump That Tariffs Are ‘Very Dumb,’ Says Canada Striking Back
Prime Minister Justin Trudeau told U.S. President Donald Trump on Tuesday that his new tariffs on Canadian imports were “a very dumb thing to do” and said Ottawa was striking back immediately. Trudeau, speaking hours after Trump launched a trade war against Mexico and Canada, said Canada was imposing immediate 25% tariffs on C$30 billion …
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Consultancy Xodus Buys Daymark Energy Advisors
Xodus’ acquisition of Daymark Energy Advisors will strengthen the company’s expertise in the energy transition and the power and transmission of electricity.
Gas-Fired Power Plants Create More Demand for Haynesville Shale
Expansions and conversions of Gulf Coast power plants are taking advantage of the plentiful Haynesville Shale gas.
Reset Energy to Build a Nitrogen Rejection Unit for Permian Residue Gas
Reset Energy will install a nitrogen rejection unit at a large-scale facility in the Permian Basin to deliver a residue gas product for a midstream operator.
SLB Launches Electric Well Control Tech to Replace Hydraulics
SLB says the new systems reduce costs and provide real-time data for operators.