Canada makes low-carbon commitments

Daniel J. GraeberVANCOUVER, British Columbia, March 4 (UPI) — Canadian leaders outlined pledges for a nation-wide commitment to transforming the economy to one more focused on low-carbon opportunities.

Eni expands capacity in Iraqi oil

Daniel J. GraeberMILAN, Italy, March 3 (UPI) — More capacity was added to operations associated with the Zubair oil and gas field in southern Iraq, Italian energy company Eni said.

Deloitte brass to help lead Hess

Daniel J. GraeberNEW YORK, March 3 (UPI) — Hess Corp., a U.S. company focused on exploration and production, said a former boss at Deloitte was taking charge with chairman Mark Williams standing down.

Iraqi-focused Genel feeling market strains

Daniel J. GraeberLONDON, March 3 (UPI) — Iraqi oil-focused Genel Energy said that, even though production was up 22 percent from 2014, revenues for the year fell 34 percent on oil price weakness.

Kremlin mulling privatization options for oil

Daniel J. GraeberMOSCOW, March 1 (UPI) — Russian investment consultants are being asked about the possible terms of privatization of parts of the state-controlled oil sector, a minister said Tuesday.