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This move aims to compensate for pumping above agreed levels, with monthly reductions ranging from 189,000bpd to 435,000bpd.
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Led by Ken Griffin, the deal gives Citadel access to US acreage and assets without direct operation.
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Shell and its partners plan to start survey work next month, drilling three wells.
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The Pennsylvania state court found Energy Transfer liable for failing to pay a $33m earnout to Cardinal as part of a 2017 purchase agreement.
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The 'Unleashing Alaska’s Extraordinary Resource Potential' initiative includes reopening up to 82% of the National Petroleum Reserve in Alaska for leasing.
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APA has confirmed the layoff of nearly 300 employees as part of its cost-cutting measures.
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ExxonMobil’s filing with the FERC warns of potential adverse effects on shippers and consumers.
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AI governance expert Simon McDougall says businesses should avoid acting on predictions in the uncertain AI regulation space.
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