Keystone approval spells headache for Canada's Trudeau

Mar 26, 2017

Keystone approval spells headache for Canada's Trudeau

Prime Minister Justin Trudeau was quick to welcome Washington's approval Friday of a major new pipeline from Canada into the United States, but observers say it creates political headaches for his administration. Trudeau has sought to strike a balance between two competing policies — supporting ...

Center-right parties set to merge in Canada's oil-rich Alberta

/ Mar 19, 2017

Center-right parties set to merge in Canada's oil-rich Alberta

A candidate with plans to merge Alberta's splintered right-leaning factions has won the leadership of the province's Progressive Conservatives (PC), the party said on Saturday, heralding a political shift in Canada's oil heartland. The merger plan by former federal Cabinet minister Jason Kenney will likely ...

Native American groups take oil pipeline protests to White House

Mar 11, 2017

Native American groups take oil pipeline protests to White House

Thousands of Native American demonstrators and their supporters marched to the White House on Friday to voice outrage at President Donald Trump's support for the Dakota Access and Keystone XL oil pipelines, which they say threaten tribal lands. The protest follows months of demonstrations in ...

/ Feb 22, 2017

Cosmo Energy, Kygnus Sekiyu to form business tie-up

Major oil wholesaler Cosmo Energy Holdings Co. will form a capital and business alliance with Kygnus Sekiyu K.K., Cosmo Energy has said. Cosmo Energy will acquire a 20 percent stake in Kygnus from San-Ai Oil Co. between April and June, according to the announcement made ...

How Russia secretly sold its oil jewel

Jan 29, 2017

How Russia secretly sold its oil jewel

More than a month after Russia announced one of its biggest privatizations since the 1990s, selling a 19.5 percent stake in its giant oil company Rosneft, it still isn't possible to determine from public records the full identities of those who bought it. The stake ...

Jan 15, 2017

Trudeau says Canada's oil sands must be phased out

Canada must "phase out" Alberta's oil sands and end the country's dependence on hydrocarbons, Prime Minister Justin Trudeau said on Friday. "We can't shut down the oil sands tomorrow. We need to phase them out," he said. "We need to manage the transition off our ...

Tillerson to cede control of $240 million in Exxon as Trump pick

/ Jan 4, 2017

Tillerson to cede control of $240 million in Exxon as Trump pick

Rex Tillerson, former Exxon Mobil Corp. chief executive and President-elect Donald Trump's pick for U.S. secretary of state, will relinquish control of about $240 million in company shares if confirmed as he severs ties to comply with conflict-of-interest requirements. If confirmed, Tillerson will sell the ...

Japan logged ¥152.51 billion trade surplus in November

/ Dec 19, 2016

Japan logged ¥152.51 billion trade surplus in November

Japan posted a goods trade surplus of ¥152.51 billion ($1.30 billion) in November after imports fell more than exports on cheaper crude oil prices and the yen's strength, the government said in a preliminary report Monday. A breakdown of the third consecutive monthly surplus shows ...

Trump selects Tillerson for State, dismissing Russia ties

/ Dec 13, 2016

Trump selects Tillerson for State, dismissing Russia ties

President-elect Donald Trump planed on Tuesday to nominate Exxon Mobil Corp. chief Rex Tillerson for U.S. secretary of state, setting off a confirmation fight that puts the oilman's ties to Russian President Vladimir Putin — and Trump's own — in the spotlight. The nomination is ...