Rio Tinto, Chilean Miner ENAMI Form JV for $3B Lithium Project
Empresa Nacional de Minería and Rio Tinto signed the binding agreement to form the joint venture following Rio Tinto’s selection as the preferred partner for the project in May.
US Gas Firms EQT, Range Boost Output Plans for 2025
(Reuters) – U.S. energy companies EQT and Range Resources expect to produce more natural gas in 2025 to meet rising demand for the fuel without boosting planned spending. Demand for gas to produce power for data centers in the U.S. and for export to the rest of the world as liquefied natural gas is on …
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In Rare Move, California Steps in to Find Buyer for Valero Refinery to Avoid Closure, Sources Say
(Reuters) – California government officials are trying to find a buyer for Valero Energy’s Benicia refinery near San Francisco, three sources familiar with the matter said, an unusual effort as the clock ticks down on the company’s planned closure of the facility in April. The rare attempt by a state government to broker the sale …
Surge in AI Orders Propels Baker Hughes Earnings, Outlook
Second-quarter earnings beat expectations for OFS giant Baker Hughes and provide an upbeat outlook for the rest of the year.
US Crude, Gasoline Stockpiles Fall, Distillates Build, EIA Says
(Reuters) – U.S. crude oil and gasoline inventories fell last week, buoyed by stronger demand and exports, while distillate stockpiles rose, the U.S. Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 3.2 million barrels to 419 million barrels in the week ended July 18, the EIA said, double analysts’ expectations in a …
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US Oil Producer Continental Resources Drops Fraud Lawsuit Against Rival Hess
(Reuters) – U.S. shale producer Continental Resources has dropped a lawsuit it filed against rival Hess Corp in May, which alleged it was defrauded out of up to $69 million through a series of deals the well operator conducted with its subsidiaries. Continental said that Hess, which operates hundreds of wells in North Dakota, artificially …
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US Refinery Utilization Hits to Highest in Over Two Years, EIA Says
(Reuters) – U.S. utilization of refinery operable capacity rose to 95.5% last week, the highest since June 2023, data from the U.S. Energy Information Administration showed on Wednesday. Refinery utilization in the U.S. Gulf Coast region rose in the week ended July 18 to 96.1%, a one-year high, the data showed. Reporting by Shariq Khan …
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Liberty, Oklo Form Integrated Power Alliance
Liberty Energy and Oklo said they aim to meet power demand with natural gas generation while providing a pathway toward zero-carbon baseload power with Oklo’s advanced nuclear powerhouses.
EQT Boosted in 2Q25 by Accelerating Northeast Gas Demand
CEO Toby Rice says power sector demand in the second quarter outpaced EQT’s forecasts by 50% as the company closes its Olympus deal and targets Appalachian growth.
SandRidge Adds Brett Icahn to Board of Directors
SandRidge Energy has appointed Icahn Enterprises’ Brett Icahn as board director, bringing SandRidge’s board size to six members.