OpenAI’s Sam Altman to Step Down as Oklo Chairman
Oklo CEO Jacob DeWitte is replacing Sam Altman as Oklo Inc.’s chairman of the board.
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Devon Makes Operational Overhaul Amid Oil Market Volatility
Facing headwinds from falling oil prices, Devon Energy aims to reduce costs through several operational and corporate changes.
US Disburses Part of Loan to Michigan Nuclear Power Plant for Restart
By Timothy Gardner WASHINGTON, April 22 (Reuters) – A Michigan nuclear reactor hoping to be the first in the United States to restart after permanent closure has received about 10% of $1.52 billion in U.S. financing approved during former President Joe Biden’s term, the Energy Department said on Tuesday. The department’s Loan Programs Office approved …
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Elliott Wants BP to Boost Free Cash Flow to $20 Billion by 2027, Source Says
By Shadia Nasralla April 22 (Reuters) – Activist investor Elliott Management has urged BP (BP.L) to boost its free cash flow to $20 billion by 2027 from around $8 billion last year through significant spending cuts and cost reductions, a source familiar with the situation said on Tuesday. Elliott has increased its stake in BP …
Elliott Wants BP to Boost Free Cash Flow to $20 Billion by 2027, Source Says Read More »
US LNG Headed to Asia Fetches More Than Cargoes to Europe for First Time in 7 Months
By Ruth Liao Liquefied natural gas traders can make a better profit from selling US LNG cargoes in Asia than offering the fuel in Europe, an opportunity that opened up for the first time in seven months, according to data from analytics firm Spark Commodities. The US-to-Asia arbitrage window emerged following a series of production …
US LNG Headed to Asia Fetches More Than Cargoes to Europe for First Time in 7 Months Read More »
Venture Global Ends $2.5B Notes Offering
LNG company Venture Global will use the proceeds primarily on its Plaquemines facility.
EXIM Considers $300MM Funding Package for Pure Lithium Project
As part of EXIM’s Make More in America initiative, the financing consideration for project costs would include a repayment term of 12 years, according to a news release.
Energy Transfer Drivers to Hold Vote on Leaving Union
The National Labor Relations Board has accepted a petition from an Energy Transfer driver based in Texas.
Standard Solar Acquires 39-MW Solar Portfolio in Illinois
Standard Solar purchased five solar projects in a 39-MW portfolio from New Leaf Energy.
Energy Sector Braces for Impact from Tariffs
The oil and gas industry is bracing for the near-term impacts of Trump’s tariffs as oil prices fall, steel prices rise and M&A slams on the brakes.