In an unexpected move signaling a strategic shift in the global oil landscape, Alberta Premier Danielle Smith announced plans to propose a new crude oil pipeline directed toward the Port of Prince Rupert in British Columbia. This initiative seeks to diversify Canada's oil export destinations,
The tension in the global energy market has reached a fascinating crescendo as insiders speculate about BP's future amid potential acquisition interests. In a space where multibillion-dollar stakes dictate strategic decisions, BP finds itself at a pivotal crossroads. This speculation is driven by
The anticipation surrounding Italiana Petroli’s sale decision has captivated attention across global energy sectors, thrusting the Italian oil refining company into the spotlight of an international bidding war. Potential buyers show intensified interest in acquiring this privately held company,
Foreign investment in the US energy sector has long been a significant driver of innovation and growth, providing essential capital and expertise that support various oil and gas projects. The introduction of Section 899 in the tax code has emerged as a potential disruptor to this trend, posing
The recent Israeli strike on Iran marks a pivotal moment with potentially far-reaching effects on global energy dynamics. Targeting the South Pars gas field, the largest of its kind globally, the attack represents a significant escalation in hostilities between Israel and Iran. Resulting in a
Kazakhstan's oil industry stands on the brink of significant changes as the country anticipates exceeding its oil output projections due to expansive efforts at the Tengiz oil field. Despite the pressure from the Organization of the Petroleum Exporting Countries (OPEC+) to adhere to production
