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Oil jumps back above $40 per barrel in largest gain since 2009

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U.S. benchmark crude settled up $3.96 at $42.56 a barrel on the New York Mercantile Exchange. The 10.3 percent gain was the largest for U.S. oil since prices were rebounding from financial crisis of 2009.
(Spencer Platt/Getty Images)

Oil and gas listings on job websites fell by half after industry cutbacks

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Job openings at companies like Exxon Mobil, Chevron and BP represent only a fraction of the total number of listings on Indeed.com, a leading website for job seekers across the globe. But in aftermath of a global crude slump, those postings now make up an even smaller percentage of the total listings than they did before.
(Photographer: Andrey Rudakov/Bloomberg)

Bones at proposed Shell plant in Pennsylvania likely from old graves

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Howard Pollman, a spokesman for the Pennsylvania Historical and Museum Commission, tells the Beaver County Times that two skulls and other remains were found by workers Aug. 6.
(Photographer: Paul O'Driscoll/Bloomberg News.)

Shell leaving conservative ALEC over climate change views

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Shell, which has become more vocal about calling climate change a threat along with some other energy giants like Total and BHP Billiton, followed the recent moves made by BP and Occidental Petroleum in opting to leave ALEC, which is made up of conservative state legislators and numerous private sector interests.
(Spencer Platt/Getty Images)

To please investors, Big Oil makes deepest cuts in a generation

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From Chevron Corp. to Royal Dutch Shell Plc, producers are firing thousands of workers and canceling investments to defend their dividends.
The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

Goldman sees oil staying lower for longer to end supply glut

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Storage may be filled by the fall with global crude oversupply running at 2 million barrels a day and low-cost producers continuing to boost output, Goldman analysts including Jeffrey Currie said in a report on Thursday.
Exxon Mobil CEO Rex Tillerson

Oil CEOs’ grim outlook rubs off on speculators fleeing market

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Exxon, the biggest U.S. energy producer, reported July 31 its lowest profit since 2009 while No. 2 Chevron posted its worst results in 12 years.
Chris Finlayson, CEO of BG Group, speaks during the IHS CERAWeek conference at Hilton Americas - Houston Wednesday, March 5, 2014, in Houston. ( Melissa Phillip / Houston Chronicle )

BG profit beats estimates as record output shows appeal to Shell

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BG, the U.K.’s third-biggest oil company, raised its 2015 production forecast to the upper range of its guidance.
(Bureau of Safety and Environmental Enforcement)

Shell forges ahead in Arctic with exploratory well

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Shell Oil Co.’s first test is excavating a 20-foot wide, 40-foot deep cavern in the seabed that can shelter an emergency device known as a blowout preventer from passing icebergs.
(Photographer: Andrey Rudakov/Bloomberg)

Shell to ax thousands of jobs amid $7 billion in spending cuts

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The company, which in April said it was confident prices would return to $90 a barrel in three years, on Thursday said that “today’s oil price downturn could last for several years.”