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A federal judge has ordered the U.S. Bureau of Land Management to pause approving new permits to drill for oil and gas on nearly 120,000 acres of federal land in Wyoming until it finishes reevaluating the environmental impacts of a lease sale. Tuesday’s decision by U.S. District Judge Christopher Cooper in Washington, D.C., followed his …
Judge Pauses Wyoming Oil and Gas Drilling Leases Pending Review Read More »
Positions span artificial intelligence specialists to more run-of-the-mill service jobs Bloomberg News Tesla Inc. is looking to hire nearly 800 new employees, three months after chief executive Elon Musk hastily ordered the largest round of layoffs in the company’s history. The roles have steadily popped up on Tesla’s careers page in recent weeks, with positions spanning artificial intelligence specialists to …
Tesla Goes on a Hiring Spree after Musk-Ordered Mass Layoffs Read More »
By Reuters (Reuters) – French oil major TotalEnergies said on Tuesday its second-quarter hydrocarbon production levels will hit the top end of its guidance range, while pressure on refining margins will be partly alleviated by higher refinery utilisation. WHY IT’S IMPORTANT TotalEnergies quarterly earnings are due on July 25, and investors are closely watching the company …
TotalEnergies Says Oil Production to Hit High End of Q2 Guidance Read More »
By Eric Onstad (Reuters) – Many companies are reluctant to invest in critical minerals and energy transition projects due to uncertainty about consumer demand for EVs and government commitment to zero-carbon goals, industry players said. The long-term picture is intact of a world needing large quantities of materials such as lithium, cobalt and copper to enable …
By Sabrina Valle July 15 (Reuters) – Exxon Mobil Corp (XOM.N) plans to drill up to 30 wells as part of its seventh oil project in Guyana, named Hammerhead, according to the development plan proposed by the company and disclosed by the government on Monday. The project, which is pending government approval, would start production in …
Exxon Plans to Drill Up to 30 Wells For its Seventh Oil Project in Guyana Read More »
(Reuters) – Kuwait Petroleum Corporation (KPC) said on Sunday it had made a “giant” oil discovery in the Al-Nokhatha field east of the Kuwaiti island of Failaka, with oil reserves estimated at 3.2 billion barrels. KPC’s CEO Sheikh Nawaf Saud Nasir Al-Sabah said in a video posted by the company on X that the new …
If there’s an all-hands-on-deck response at the oil major’s headquarters, that message seems to be lost in translation for concerned investors. By Javier Blas Murray Auchincloss had a clear message to his shareholders days after becoming chief executive officer of BP Plc: “I’m focused on growing the value of BP.” Nearly six months since his …
While Strathcona will own and operate the assets, it will evenly split the upfront capital costs with the federal Canada Growth Fund Bloomberg News Canadian driller Strathcona Resources Ltd. is planning as much as $2 billion in projects to capture carbon dioxide emissions from its oilsands operations, helped by backing from a Canadian public investment vehicle. While Strathcona will …
Strathcona Plans $2 Billion in Oilsands Carbon-Capture Projects Read More »
By Arathy Somasekhar (Reuters) – Nearly a million homes and businesses in Texas remained without power on Friday, five days after Hurricane Beryl made landfall with fierce winds and rain that knocked down trees and electricity infrastructure. CenterPoint Energy , the largest power provider in Texas, said about 860,000 of its customers remained affected. It has …
Nearly a Million Homes, Businesses in Texas Still Without Power After Hurricane Beryl Read More »
(Reuters) – Top U.S. independent oil producer ConocoPhillips said on Friday it received a second request from the U.S. Federal Trade Commission for information on its proposed acquisition of rival Marathon Oil. ConocoPhillips said both companies received the requests on July 11 and are working with the FTC to review the merger. CONTEXT Conoco said …
ConocoPhillips, Marathon Oil Get Second US FTC Request Over $22.5 Bln Deal Read More »
