British Oil Giant BP Cuts Nearly 5% of Workforce “To Simplify” Operations
British energy titan BP (NYSE: BP) unveiled a significant restructuring plan on Thursday, announcing the elimination of approximately 4,700 permanent
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Oil
Russian Energy Giant to Slash Head Office Workforce by 40%
Gazprom, Russia’s state energy corporation, plans to cut 1,600 positions at its St. Petersburg headquarters — reducing its central office
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Alberta Partners with Enbridge to Boost US Oil Exports
Alberta Premier Danielle Smith announced a partnership with Enbridge Inc (TSE: ENB) on Monday to expand pipeline capacity to the
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Biden Moves to Permanently Ban Offshore Oil Drilling
U.S. President Joe Biden is poised to solidify his environmental legacy by issuing a landmark executive order to permanently ban
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Has China’s Oil Demand Hit Its Peak?
As the world’s largest oil importer and a pivotal player in global energy markets, China has long been the engine
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Lucero Energy Acquired For US$222 Million In All-Stock Transaction
Lucero Energy (TSXV: LOU) is set to be acquired by Vitesse Energy (NYSE: VTS) in an all-stock transaction. The deal
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Bonterra Energy Guides To 14,700 BOE Per Day Of Production In 2025
Bonterra Energy (TSX: BNE) has released its guidance for 2025, indicated that it expects to maintain average annual production levels
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Trump Wants Keystone XL Back—But Can He Do It In A Changed Oil Market?
In a bold and controversial move, U.S. President-elect Donald Trump reportedly aims to revive the Keystone XL oil pipeline on
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Russia Stops Gas Flow to Austria in Payment Dispute
Russia’s Gazprom halted natural gas supplies to Austria on Saturday in a payment dispute, marking another reduction in Moscow’s dwindling
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U.S. Oil Reserves See Turnaround After Massive 2022 Release
After a steep drop in recent years, the U.S. Strategic Petroleum Reserve (SPR) is showing signs of recovery, with stock
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