DOE Secures 3.4 Million Barrels of Oil for Strategic Petroleum Reserve
The US Department of Energy has awarded contracts for the acquisition of over 3.4 million barrels of crude oil for
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Oil
Trump’s Proposed Canadian Oil Tariffs Could Surge Gas Prices
In a controversial move, former U.S. President Donald Trump has floated the idea of imposing tariffs on Canadian oil, sparking
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Canadian Oil Industry Challenges Anti-Greenwashing Legislation
The Canadian Association of Petroleum Producers (CAPP) has called on the country’s Competition Bureau to revise anti-greenwashing legislation enacted earlier
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Libya’s Oil Production Faces Severe Threats as Key Fields Shut Down
Libya’s oil sector, a critical pillar of its economy and a significant source of crude for European markets, is facing
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Russian Fuel Exports Hit New Post-Pandemic Low — Down 13% in August
Russian oil product exports hit a post-pandemic low in August, according to recent tanker tracking data. Seaborne export loadings of
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Shell to Slash 20% of Workforce in Major Restructuring Drive
Shell (NYSE: SHEL) is set to implement significant workforce reductions as part of a broader strategy aimed at streamlining operations
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Exxon’s Oil Outlook Surpasses BP’s by 25%, Forecasts Steady Demand to 2050
Exxon Mobil Corp (XOM:NYSE) has released its latest global oil outlook, projecting that crude demand will remain above 100 million
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LNG Energy To Launch Oilfield Services Division
LNG Energy Group (TSXV: LNGE) has launched a new division in an effort to diversify its operations. The new division, launched under its subsidiary Lewis Energy Colombia, is intended to conduct oilfield services in the region.
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i3 Energy To Be Acquired By Gran Tierra Energy For $309.1 Million
Merger and acquisition activity continues apace within the oil and gas industry, with i3 Energy (TSX: ITE) disclosing late yesterday
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Strategic Oil Buyback: US Plans Steady SPR Refill Through Early 2025
The United States is taking steps to replenish its Strategic Petroleum Reserve (SPR) following the largest-ever sale from the stockpile
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