Category : Search result: oil and gas leases


BP sells majority stake in Castrol for US$6 billion

BP Plc agrees to sell a 65% stake in its Castrol lubricants division to Stonepeak Partners for US$6 billion. The deal marks a key step in the energy giant's strategy to reduce debt and reset its business after a turbulent year.

Venezuela Seeks to Criminalize Oil Tanker Seizures

Venezuela's government is pushing to criminalize the seizure of its oil tankers as former U.S. President Donald Trump increases pressure on Nicolás Maduro's regime. This geopolitical tension could impact global oil markets.

U.S. seizes oil tanker off Venezuelan coast

U.S. authorities have seized an oil tanker near Venezuela, officials confirmed on December 20, 2025. The operation marks a significant escalation in maritime enforcement actions in the region.

Vancouver restaurant starts drive after stolen bow

A heartwarming response to a theft at Commercial Drive's Livia Bakery and Restaurant has sparked a community food and blanket drive. Learn how Vancouverites are turning a loss into an act of giving.

Israel Approves Major $35B Gas Deal with Egypt

Israeli PM Benjamin Netanyahu confirms a landmark $35 billion natural gas agreement with Egypt, marking a significant development in regional energy and diplomacy. Read the details.

Trump Orders Naval Blockade on Venezuela Oil Tankers

President Trump announces a blockade of sanctioned oil tankers bound for Venezuela, escalating military pressure to cripple the Maduro regime's economy. Read the latest on this major foreign policy move.

Feds announce plan to cut methane from oil sector, landfills

The federal government has announced a new regulatory framework to significantly reduce methane emissions from Canada's oil and gas operations and landfills. Learn about the key targets and implications for the environment and industry.

Stricter Methane Regulations Announced for Oil, Gas, Landfills

The Carney government unveils new methane regulations for oil, gas, and landfills, phasing in from 2028. The rules aim to cut emissions but will slightly slow GDP and production growth in B.C., Alberta, and Saskatchewan. Read the details.

Alberta Companies Fined for Workplace Injury

Two Alberta companies and a supervisor face significant fines following a serious injury at an oil and gas site. Read the full details of the court's decision and its implications for workplace safety.

N.B. Fuel Prices Drop 7.9 Cents After EUB Weekend Change

New Brunswick drivers got a break at the pumps as the Energy and Utilities Board made a surprise weekend adjustment, lowering gasoline prices by 7.9 cents per litre. Get the details on this significant price drop.

Man charged in fatal Scarborough crash

A Toronto man faces charges after a crash in Scarborough left a woman dead. Police continue their investigation into the tragic November incident.

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