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Alberta Proposes New Oil Pipeline

The Premier of British Columbia said that “The problem that we have is Smith continues to advance a project that is taxpayer-funded, has no private sector proponent, is not a real project and is incredibly alarming to British Columbians, especially First Nations along the coast,” as quoted by Global News.

Exxon to cut 2,000 jobs as oil sector workforce reductions accelerate

Exxon had nine functional companies that operated relatively independently from one another when Woods took over in 2017, creating layers of bureaucracy and duplication of support services. The company now has three main divisions — production, refining and low-carbon — all of which share services like engineering, IT and project management.

Australia’s Gas Market Still Strained Despite Government Measures

Southern Australian states are heavily reliant on the gas produced in Queensland. Earlier this year, they prompted the government to try and force producers to set aside a certain amount of the energy commodity for the domestic market. Big Oil immediately responded with warnings that this could discourage further investment in the country’s gas industry, which is necessary to boost supply for the future.