Government, Business, Safety, Logistics

Canada Sees Timber Shipments Slump on British Columbia Floods

West Fraser Timber Co. Ltd., one of Canada’s largest lumber producers, said shipments plunged about 25% to 30% in the second half of the month following severe flooding in British Columbia.

Simon Casey | Bloomberg News
November 30, 2021
Business, Fuel

ConocoPhillips Says Shell Deal Cuts Emissions Per Barrel of Oil

ConocoPhillips’ $9.5 billion deal to buy shale assets from Royal Dutch Shell Plc will boost oil production and, inevitably, greenhouse gas emissions as well. Yet the company says the pact will actually allow it to reach one of its climate goals faster.

Simon Casey | Bloomberg News
September 21, 2021
Government, Business, Fuel

7-Eleven Ordered to Sell 293 Speedway Stores

7-Eleven Inc. was ordered by U.S. antitrust regulators to sell 293 gas-station retail stores acquired earlier this year as part of its $21 billion purchase of Marathon Petroleum Corp.’s Speedway business.

Simon Casey | Bloomberg News
June 25, 2021

Tyson Foods Replaces Dean Banks as CEO After 8 Months

Tyson Foods Inc. appointed Donnie King as chief executive officer, replacing Dean Banks, who has been in the top job at the largest U.S. meat producer for just eight months.

Simon Casey | Bloomberg News
June 2, 2021
Government, Business, Fuel

Energy Transfer Says It Won’t Shut Dakota Access Despite Ruling

Energy Transfer LP said it’s not making any moves to empty its Dakota Access oil pipeline after a judge July 6 ordered the conduit shut while a more robust environmental review is conducted.

Simon Casey | Bloomberg News
July 8, 2020
Government, Business, Fuel

Oil Services Should Prepare for Recession, Rystad Warns

The oil services sector will contract in 2020 as producers cut spending in response to lower crude prices, ending three years of growth, according to Rystad Energy.

Simon Casey | Bloomberg News
September 11, 2019