Latest news with #oiltransport
CTV News
2 days ago
- Politics
- CTV News
Alberta Premier Smith ‘going to convince' B.C.'s Eby to build pipeline through their provinces
Alberta Premier Danielle Smith says she's ready to convince her counterpart in British Columbia to support building a pipeline to transport oil from her province, through his, to tidewater. B.C. Premier David Eby said last week he won't support a new pipeline, arguing the Trans Mountain Expansion Project is already in place. Smith's comments come after Prime Minister Mark Carney kicked off the week with a much-anticipated first ministers' meeting on Monday, focusing largely on identifying so-called nation-building projects. Among them: a potential oil pipeline to tidewater. Then, on Friday, Carney introduced legislation aimed at spurring interprovincial free trade, easing labour mobility, and speeding up the approval of a select but unspecified number of big projects in the national interest. Speaking to reporters on Parliament Hill after the bill was tabled, however, Carney said his government would not impose any project on a province that isn't in favour of it, and that all projects will require consensus to go ahead. Smith, in an interview with CTV's Question Period, was asked by host Vassy Kapelos where that emphasis on consensus leaves her pitch for a new pipeline, considering Eby has expressed opposition. 'I think everybody is focusing on one particular project,' Smith said, pointing to other potential projects in different provinces. 'I'm rooting for all of my provincial neighbours. I want to do everything I can to support them, and I think that's the spirit that will prevail.' 'There's some things that we need to do to address some of the objections, but I think the Team Canada spirit is going to prevail at the end,' she added. When asked by Kapelos whether it can be inferred from her comments that 'a pipeline that carries oil from Alberta through to B.C. is not the be-all, end all,' Smith said: 'No.' 'I'm saying that I'm going to convince David Eby of it, because I know that this is good for the country,' Smith said. 'I know that he's on Team Canada, and I can't imagine, in the end, that if we meet the issues that have been raised by British Columbia, that he would go off team Canada. That doesn't seem to me to be the type of person that David Eby is.' The Alberta premier said while there are concerns that would likely need to be addressed — such as the pipeline's route and buy-in from Indigenous communities — she's confident those issues can be overcome. 'I recognize that there's a quid pro quo here, that there has to be a way for everyone to benefit and to address legitimate concerns being raised,' Smith said. 'That's what we're prepared to do.' Transport and Internal Trade Minister Chrystia Freeland, in an interview on CTV's Question Period, was asked by Kapelos who will ultimately make a decision about such a pipeline. In response, Freeland said the legislation is about identifying potential nation-building projects, adding she's 'excited about the possibilities,' and pointing to other pitches. When pressed on the pipeline specifically, considering the opposition to it, Freeland said the communiqué coming out of Monday's first ministers' meeting specifically mentioned pipelines. 'It talked about lots of projects. It included pipelines,' she said. 'It talked about pipelines to export natural gas and decarbonized oil, so that is very much an option on the table.' 'The prime minister was also really clear that projects are going to need the consent of the provinces involved,' she also said, adding the bill tabled in the House is not a specific list of projects.
CTV News
3 days ago
- Politics
- CTV News
Alberta Premier Smith ‘going to convince' B.C.'s Eby to build pipeline through their provinces
Alberta Premier Danielle Smith says she's ready to convince her counterpart in British Columbia to support building a pipeline to transport oil from her province, through his, to tidewater. B.C. Premier David Eby said last week he won't support a new pipeline, arguing the Trans Mountain Expansion Project is already in place. Smith's comments come after Prime Minister Mark Carney kicked off the week with a much-anticipated first ministers' meeting on Monday, focusing largely on identifying so-called nation-building projects. Among them: a potential oil pipeline to tidewater. Then, on Friday, Carney introduced legislation aimed at spurring interprovincial free trade, easing labour mobility, and speeding up the approval of a select but unspecified number of big projects in the national interest. Speaking to reporters on Parliament Hill after the bill was tabled, however, Carney said his government would not impose any project on a province that isn't in favour of it, and that all projects will require consensus to go ahead. Smith, in an interview with CTV's Question Period, was asked by host Vassy Kapelos where that emphasis on consensus leaves her pitch for a new pipeline, considering Eby has expressed opposition. 'I think everybody is focusing on one particular project,' Smith said, pointing to other potential projects in different provinces. 'I'm rooting for all of my provincial neighbours. I want to do everything I can to support them, and I think that's the spirit that will prevail.' 'There's some things that we need to do to address some of the objections, but I think the Team Canada spirit is going to prevail at the end,' she added. When asked by Kapelos whether it can be inferred from her comments that 'a pipeline that carries oil from Alberta through to B.C. is not the be-all, end all,' Smith said: 'No.' 'I'm saying that I'm going to convince David Eby of it, because I know that this is good for the country,' Smith said. 'I know that he's on Team Canada, and I can't imagine, in the end, that if we meet the issues that have been raised by British Columbia, that he would go off team Canada. That doesn't seem to me to be the type of person that David Eby is.' The Alberta premier said while there are concerns that would likely need to be addressed — such as the pipeline's route and buy-in from Indigenous communities — she's confident those issues can be overcome. 'I recognize that there's a quid pro quo here, that there has to be a way for everyone to benefit and to address legitimate concerns being raised,' Smith said. 'That's what we're prepared to do.' Transport and Internal Trade Minister Chrystia Freeland, in an interview on CTV's Question Period, was asked by Kapelos who will ultimately make a decision about such a pipeline. In response, Freeland said the legislation is about identifying potential nation-building projects, adding she's 'excited about the possibilities,' and pointing to other pitches. When pressed on the pipeline specifically, considering the opposition to it, Freeland said the communiqué coming out of Monday's first ministers' meeting specifically mentioned pipelines. 'It talked about lots of projects. It included pipelines,' she said. 'It talked about pipelines to export natural gas and decarbonized oil, so that is very much an option on the table.' 'The prime minister was also really clear that projects are going to need the consent of the provinces involved,' she also said, adding the bill tabled in the House is not a specific list of projects.
Associated Press
22-05-2025
- Business
- Associated Press
HAFNIA LIMITED: Ex Dividend USD 0.1015 on the Oslo Stock Exchange Today
SINGAPORE--(BUSINESS WIRE)--May 22, 2025-- Reference is made to the stock exchange announcements made by Hafnia Limited ('Hafnia' or the 'Company', OSE ticker code: 'HAFNI', NYSE ticker code: 'HAFN') on May 15, 2025 regarding key information relating to the dividend for the first quarter 2025. The shares of the Company will be traded ex-dividend on the Oslo Stock Exchange from today, May 22, 2025, and on the New York Stock Exchange from May 23, 2025. About Hafnia Limited: Hafnia is one of the world's leading tanker owners, transporting oil, oil products and chemicals for major national and international oil companies, chemical companies, as well as trading and utility companies. As owners and operators of around 200 vessels, we offer a fully integrated shipping platform, including technical management, commercial and chartering services, pool management, and a large-scale bunker procurement desk. Hafnia has offices in Singapore, Copenhagen, Houston, and Dubai and currently employs over 4000 employees onshore and at sea. Hafnia is part of the BW Group, an international shipping group involved in oil and gas transportation, floating gas infrastructure, environmental technologies, and deep-water production for over 80 years. This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. View source version on CONTACT: For further information, please contact: Mikael Skov CEO Hafnia Limited +65 8533 8900 KEYWORD: ASIA PACIFIC EUROPE NORWAY SINGAPORE SOUTHEAST ASIA INDUSTRY KEYWORD: UTILITIES OIL/GAS ENERGY CHEMICALS/PLASTICS MARITIME LOGISTICS/SUPPLY CHAIN MANAGEMENT TRANSPORT MANUFACTURING SOURCE: Hafnia Limited Copyright Business Wire 2025. PUB: 05/22/2025 01:10 AM/DISC: 05/22/2025 01:09 AM
Trade Arabia
08-05-2025
- Business
- Trade Arabia
Bahri Q1 net profit up 18% to $142m; firm hits 100 ships milestone
The National Shipping Company of Saudi Arabia (Bahri), the kingdom's leading shipping and logistics provider, reported an 18% increase in net profit to SAR533 million during the first quarter, compared to the same period in 2024. Q1 2025 EBITDA was SAR1.2 billion (+14% YoY). Net debt-to-EBITDA was 1.85x, supported by sustained profitability and a resilient balance sheet, it said. The company continued its fleet expansion and modernisation programme with seven vessels added, bringing the owned fleet to the 100-vessel milestone. The positive results were primarily driven by margin expansion offsetting lower revenues in its oil transport business, continued resilience of its chemicals and dry bulk shipping segments amid prevailing market headwinds, a turnaround to profitability of its integrated logistics business, additional earnings from its new desalination barges, and increased contributions from associated companies, the company said. Eng. Ahmed Ali Al Subaey, Chief Executive Officer of Bahri, commented: "Our first quarter results highlight the resilience of Bahri's diversified business portfolio, as we achieved strong earnings growth despite challenging market conditions. Our Oil and Dry Bulk businesses delivered positive EBITDA growth, while optimization efforts in our Chemicals business partly mitigated the impact of market normalization. Likewise, profitability improvements in our Integrated Logistics business, along with strong earnings contributions from our affiliate Petredec Group, validated the effectiveness of our strategy to expand beyond our core shipping businesses and unlock value in complementary sectors. Furthermore, we are scaling up our new desalination business in the Kingdom, and expanded our global presence with the opening of our Singapore office, bringing us closer to our Asia-Pacific customers. 'During the first quarter, we had a net addition of four modern vessels to our operating fleet, while three other vessels were added soon after quarter-end, bringing our fleet to the 100-vessel mark. Our disciplined approach to fleet expansion and modernisation ensures we remain well-positioned to act decisively in the vessel market as attractive opportunities arise.
