Monday, June 16, 2025
Canada's cash-rich oil sands firms face pressure to spend on transition- oil and gas 360

Canada’s cash-rich oil sands firms face pressure to spend on transition

Reuters Canada’s biggest oil sands producers are generating billions more in free cash flow in a faster-than-expected pandemic rebound, but taking a cautious approach to spending it that is disappointing environment-minded investors. Their strategy to repay debts and pay shareholders has won praise from investors in Canadian Natural Resources, Suncor Energy and Cenovus Energy who are eager for higher returns.

Biden admin aims for U.S. leadership in offshore wind: official- oil and gas 360

Biden admin aims for U.S. leadership in offshore wind: official

Reuters The Biden administration aims to transform the United States into the world’s leading producer of energy from offshore wind after years of lagging behind Europe, a senior official said on Wednesday. President Joe Biden’s cabinet earlier this week unveiled a plan to boost the industry that promised new acreage, faster permitting, and billions of dollars in financing – part