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Canada plans to shift New Year focus to electricity

  Bloomberg It was a tumultuous autumn for Jim Carr. Canada’s pipeline point man was a key player in decisions by Prime Minister Justin Trudeau’s government to approve a major liquefied natural gas project in September and a pair of crude-oil proposals from Kinder Morgan Inc. and Enbridge Inc. last month, preceded by a string of regulatory and environmental concessions ...

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Oil trades near 17-month high before planned OPEC cuts

  Bloomberg Oil traded near the highest since July last year amid optimism OPEC and 11 other producing nations will cut output as promised, helping eliminate a global supply glut. Futures rose as much as 0.6 percent in New York, advancing for an eighth day in the longest winning streak in almost seven years. Crude inventories should return to equilibrium ...

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Egypt signs $220 million oil and gas deals

  CAIRO / Reuters Egyptian Oil Minister Tarek El Molla has signed three offshore oil and gas exploration and production deals worth a total of at least $220 million with France’s Total, Britain’s BP, and Italian oil major ENI’s Egyptian subsidiary IEOC, the ministry said on Wednesday. The deals include drilling for six wells and a signing bonus of $9 ...

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