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U.S. oil and gas deals hit a record $51 billion in the first quarter, a continuation of last year’s fierce merger pace centered in the top U.S. shale field, data provider Enverus said on Tuesday. Energy companies have rushed to expand oil and gas drilling inventories, especially in the Permian Basin of West Texas and …
U.S. Oil and Gas M&A Hits Quarterly Record After Blockbuster 2023 Read More »
Oklahoma study shows anti-ESG law has caused higher debt costs The state’s house is considering the Republican-backed bill Lawmakers in Oklahoma are having second thoughts about anti-ESG legislation that limits which Wall Street banks local governments can do business with. A Republican-introduced bill that would narrow the scope of a state law that blacklisted financial firms for their restrictions …
Republicans Weigh Rolling Back Anti-ESG Law They Passed Read More »
By Clyde Russell (Reuters) – China’s dominance of global electric vehicle production and sales is an established fact, but a new International Energy Agency (IEA) report points to the country extending its influence in autos across the fast-growing economies of Asia. The IEA’s Global Electric Vehicle (EV) Outlook 2024 report, released on Tuesday, shows that China …
China’s EV Strategy of Going Small and Cheap to Pay Big Dividends in Asia Read More »
By Reuters (Reuters) – Halliburton beat first-quarter profit estimates on Tuesday as higher drilling demand from international markets helped the oilfield services firm counter a slowdown in North America. Oil and gas producers are looking to secure new international and offshore inventories, boosting oilfield equipment and services demand and helping companies like Halliburton. International rig count, …
Halliburton Beats Quarterly Profit Estimates on Growing International Strength Read More »
Elon Musk’s Robotaxi Reboot Plunges Struggling Tesla into Chaos Strategic shift comes as carmaker prepares Tuesday to report its first revenue decline in four years Bloomberg News Elon Musk’s underlings at Tesla Inc. are accustomed to chaos. It comes with the territory of working for a chief executive who sets exacting targets and often abruptly switches directions — …
Dumping our garbage — especially our food waste — into the ground is bad for the Earth’s atmosphere. By F.D. Flam F.D. Flam is a Bloomberg Opinion columnist covering science. She is host of the “Follow the Science” podcast. Every year, Americans dump over 250 million metric tons of garbage into landfills, where it seems to magically disappear …
It may be challenging to assail China’s lead in some technologies, but the field is wide open for those yet to get established. By David Fickling David Fickling is a Bloomberg Opinion columnist covering climate change and energy. Previously, he worked for Bloomberg News, the Wall Street Journal and the Financial Times. When you introduce …
America’s Clean Tech Withers Even as Imports Are Blocked Read More »
TotalEnergies SE agreed to buy Sapura Energy Bhd.’s 50% stake in Malaysian natural gas producer SapuraOMV Upstream Sdn for $530 million, reaffirming its recent bet in the southeast Asian nation. The French energy giant’s announcement on Monday comes less than three months after it agreed to buy OMV AG’s 50% stake in SapuraOMV for $903 million, including the transfer of a …
TotalEnergies to Buy Sapura Energy Gas Assets for $530 Million Read More »
Summary So far, few models can deliver V2G Technology still experimental, also faces regulatory hurdles Could help to balance power grid, but needs to be managed (Reuters) – Automakers from General Motors to Volvo Cars, alongside utilities and charging app operators are calculating their financial cut as EVs that allow their owners to sell power …
Automakers Hope for a Cut as Two-Way EV Charging Becomes Real Read More »
Global flight activity passed pre-pandemic levels for the first time in four years last week, but jet fuel demand growth has not kept apace as newer fleets of aircrafts become more fuel efficient and carry more passengers. Aviation fuel, a product refined from crude oil, has been the single biggest contributor to oil’s post-pandemic bonanza, …
Jet Fuel Demand Growth Lags as Air Traffic Exceeds Pre-Pandemic Level Read More »
