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BUSINESS
March 24, 2009 | Associated Press
Suncor Energy Inc. plans to acquire Petro-Canada for $15.5 billion, uniting two of Canada's biggest oil companies as the nation's energy industry retrenches. If the deal announced Monday is approved, it would create the largest oil company in Canada, with a market capitalization of about $38 billion. That's much smaller than global heavyweights such as Exxon Mobil Corp. and ConocoPhillips, which boast market capitalizations of $326.6 billion and $55.
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BUSINESS
January 22, 2009 | Ronald D. White
California's average gasoline price has risen past $2 a gallon and oil prices are back above $40 a barrel, separate reports showed Wednesday. Gasoline prices continued to increase around the country, according to an Energy Department survey of filling stations. The average U.S. price for a gallon of self-serve regular gasoline rose 6.3 cents to $1.847 in the week ended Monday, in a report delayed two days by the Martin Luther King Jr. holiday and the presidential inauguration.
BUSINESS
April 1, 2005 | Jerry Hirsch, Times Staff Writer
Oil and gasoline prices surged Thursday after a Wall Street analyst warned of a coming "super spike" that could send crude to $105 a barrel. Light sweet crude for May delivery jumped $1.41 to $55.40 a barrel on the New York Mercantile Exchange, $1.32 shy of the record close on March 18. Gasoline for April delivery closed at a record $1.655 a gallon, up 5.88 cents. In a report to investors, Goldman Sachs Group Inc. analyst Arjun Murti said surprisingly high demand in the U.S.
BUSINESS
May 30, 2004 | James Flanigan
With sky-high gasoline prices burning into family budgets, the oil-using world listened anxiously last week for words of deliverance from the Saudi Arabian oil minister, Ali Ibrahim Naimi. Folks would have been wiser to listen to Russian President Vladimir V. Putin. For as significant as Saudi production is -- and as helpful as Naimi's pledge to increase petroleum output by 11% to 9 million barrels a day should be -- it is Russia that will lift the globe out of its current energy funk.
BUSINESS
November 10, 2012 | By Ricardo Lopez, Los Angeles Times
EDMONTON, Canada - With a daughter to feed, no job and $200 in the bank, Detroit pipe fitter Scott Zarembski boarded a plane on a one-way ticket to this industrial capital city. He'd heard there was work in western Canada. Turns out he'd heard right. Within days he was wearing a hard hat at a Shell oil refinery 15 miles away in Fort Saskatchewan. Within six months he had earned almost $50,000. That was 2009. And he's still there. "If you want to work, you can work," said Zarembski, 45. "And it's just getting started.
BUSINESS
November 25, 2005 | Chris Kraul and Carol J. Williams, Times Staff Writers
Three years after President Hugo Chavez purged 20,000 employees from state-owned Petroleos de Venezuela, the oil giant's production still hasn't recovered, but many who became part of a global diaspora of Venezuelan talent slowly are putting their lives and careers back together. Take oil engineer Lino Carrillo, who was general manager of new business development at Petroleos de Venezuela, known as PDVSA, when Chavez sacked half of the energy giant's employees.
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