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BP said on Tuesday it is proposing a six-year labor contract for workers at its 440,000-barrel-per-day Whiting refinery in Indiana as negotiations with United Steelworkers (USW) Local 7-1 continue. * The company said the six-year term would provide stability for the refinery and employees. * "6-year term would give you certainty in your pay, your benefits, and your working conditions for years," BP said. * The final two years of the proposed agreement would match future National Oil [Read more]

The US Government said on Tuesday it is offering to loan energy companies up to 40 million barrels of oil from the Strategic Petroleum Reserve, the last US batch of crude from a global deal to unleash reserves in the wake of the war on Iran. Washington agreed in March to loan 172 million barrels of oil from the SPR as part of a wider deal with about 30 countries in the International Energy Agency to release 400 million barrels from reserves around the world. In June, the US offered to loan [Read more]

BP has appointed former JPMorgan banker Ben Monaghan as senior vice president for mergers and acquisitions and business development from early 2027, a BP spokesperson said on Tuesday. Meg O’Neill, who became CEO in April, has prioritised a more disciplined approach to investment, saying decisions must be rooted in profitability, cash generation and market realities. The group has continued to pursue divestments as part of its drive to become more profitable. Sam Skerry led BP's mergers and [Read more]

Colombia's oil and gas producer GeoPark is planning a $7 billion investment in Venezuela's large Bare oilfield to increase crude output there to some 90,000 barrels per day by 2038 from a current 11,000 bpd, the company's chief executive, Felipe Bayon, said on Tuesday. With 15.7 billion barrels of original oil in place, Bare will mark GeoPark's entrance into Venezuela, following a 25-year production-sharing agreement signed with the government earlier this month. The company plans to begin [Read more]

OTTAWA - Statistics Canada said gross domestic product growth was essentially unchanged in July, coming down from a strong second quarter for the economy. The agency said the result came despite a 1.3 per cent gain for the construction sector in July, which marked its fourth consecutive month of growth after declines in late 2025 and early 2026. Non-residential building construction saw its best month since the start of 2022, StatCan said, owing primarily to activity around a new hospital [Read more]

  /THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ CALGARY, AB, Sept. 29, 2026 /CNW/ -- Westgate Energy Inc. (the "Company" or "Westgate") (TSXV: WGT) is pleased to announce that, further to its press releases dated September 15, 2026 and September 17, 2026, it has closed its bought deal private placement offering of 27,540,000 units of the Company (the "Units"), including 1,540,000 Units sold upon the partial [Read more]