The acquisition of i3 Energy plc, an independent oil and gas company listed on the London Stock Exchange and TSX, by Gran Tierra Energy, Inc., marks a significant strategic move in the energy sector. Gran Tierra's $225.4 million purchase of i3 Energy, structured through a combination of cash
High gasoline prices in California have ignited a fervent debate among state leaders, energy experts, and policymakers. With prices averaging $4.60 per gallon, far above the national average, the search for answers has led to a complex discussion involving corporate practices, state policies, and
In a significant turn of events, oil prices have declined following OPEC's downward revision of its oil demand growth forecast, primarily attributing this adjustment to weakening consumption in China. Brent crude oil prices dropped by 0.66 percent to $81.76 per barrel, while West Texas
The journey towards global electrification is often viewed through the lens of renewable energy sources such as solar, wind, and hydroelectric power. However, a crucial component that underpins the entire electrification process is frequently overlooked—petroleum. Contrary to the popular belief t
In a landmark move aimed at transforming New England's energy infrastructure, the U.S. Department of Energy has awarded a substantial $389 million grant to Power Up New England, an ambitious collaborative project that involves all six New England states. This significant investment is designed
In a contentious move that has stirred significant debate, Colorado's Energy and Carbon Management Commission (ECMC) has revised its proposed cumulative impact rules concerning oil and gas drilling near homes, particularly in communities already burdened by environmental concerns. This
