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  • RSS BOE Report

    • Heavy crude discount widens
      The discount on Canadian heavy crude versus the West Texas Intermediate (WTI) benchmark widened on Tuesday as global benchmark oil prices fell heavily. Western Canada Select (WCS) heavy blend crude for August delivery in Hardisty, Alberta, last traded at $20.25 a barrel below WTI, according to NE2 Group, widening 50 cents from the previous day. […]
    • Canada-Newfoundland oil regulator charges Exxon-owned Hibernia for 2019 oil spill
      A Canadian oil regulator said on Tuesday it has charged Hibernia, an offshore oil company owned by Exxon Mobil Corp, Chevron Corp and Suncor Energy, over a 2019 oil spill. The Canada-Newfoundland and Labrador Petroleum Board laid three charges for the spill, including that Hibernia did not ensure that its work would not cause pollution […]
    • Apollo, Blackstone seek buyers for Canadian oil producer Ridgeback
      Apollo Global Management Inc and the credit arm of Blackstone Group Inc are looking to sell Canadian oil and gas producer Ridgeback Resources for more than C$1 billion ($765.58 million), four sources familiar with the matter said on Tuesday. Rising demand and Russia’s invasion of Ukraine pushed oil prices to multi-year highs in recent months, […]

 

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