Activist investor Simpson Oil backs Parkland-Sunoco deal, while Engine to vote no

CALGARY — Parkland Corp.'s biggest shareholder says it plans to vote in favour of the company's planned takeover by U.S. heavyweight Sunoco LP, while another major investor said it won't support the deal as it stands. CALGARY — Parkland Corp.…

Oil Holds Strong on Supply Disruptions and Geopolitical Tensions

Light crude oil futures rallied this week, closing Thursday at $63.37 per barrel—up approximately 4.2%—as the market digested a cocktail of bullish catalysts. Traders responded to unplanned supply disruptions in Canada, measured output policies from OPEC+, …

DNREC, Delaware City Refinery attend town hall to address incident concerns, legislation filed

Following equipment failure at the Delaware City Refinery, which is causing above-permissible levels of sulfur dioxide to be emitted into the air, lawmakers file a bill to increase penalties for pollution violations. Although the bill is not a direct …

Nigeria’s Dangote refinery buying more and more US crude oil

Where does a giant refinery in Nigeria, Africa’s largest oil producer, go to source the raw materials it needs to make fuels for the nation of 228 million people? Try crude fields around Midland in West Texas, about 6,500 miles away. This year, the mega …

Thai Oil Rushes to Contain 20-Ton Crude Oil Spill 9km from Koh Sichang

CHONBURI — Government officials and private companies are working to control damage from a crude oil spill at Single Buoy Mooring-2 (SBM-2) of Thai Oil’s refinery in Sri Racha, Chonburi, during oil transfer operations from the Singapore-flagged vessel …

Elias: Blame oil industry, not government, for California’s high gas prices

Academics have known for many years the potential for conflicts of interest when they conduct studies or write reports on products or companies for which they have consulted. That’s why they almost always disclose conflicts. There is also no doubt of the …

Crude oil spill reported off Sriracha coast — Thai Oil activates emergency response plan

At 10:30 a.m. on Friday, Thai Oil issued an official statement confirming that, on June 5 at approximately 11:54 p.m., a crude oil spill occurred at SBM-2 due to unexpected severe weather conditions, including high waves and sudden strong winds. The …

New South Korean president likely to boost flexibility in crude oil trade diplomacy

The South Korean petroleum industry is anticipating that President Lee Jae-myung’s commitment to pragmatic diplomacy will significantly enhance flexibility in international oil trade, potentially looking for diplomatic solutions to resume imports of …

AMERICAS: Irving Oil investing CAD 100 million in Saint John refinery modernisation project

Tinubu lauds Dangote refinery, says it’s “a great phenomenon of our time” in Nigeria 

President Bola Ahmed Tinubu has commended the Dangote Petroleum Refinery, describing it as a “great point of reference, a great phenomenon of our time, and a massive investment” that showcases Nigeria’s capacity for industrial greatness and economic …