(Bloomberg) – Former Pioneer Natural Resources Co. Chief Executive Officer Scott Sheffield says federal regulators mischaracterized facts and wrongly vilified him in saying he tried to collude with OPEC to prop up crude prices, Fig. 1. […]
The UK must more than double its current rate of installing publicly accessible electric vehicle (EV) charge points to meet its 2030 target. Britain aims to have 300,000 charge points by the end of the […]
Veolia, Waga Energy and ENGIE have partnered to advance the Renewable Natural Gas (RNG) industry in France. Since 1st May, Waga Energy has been selling RNG produced at Veolia’s Val Pôle in Claye-Souilly to ENGIE […]
Hungary’s government signed an accord with Belarus to help build Hungary’s second nuclear plant, Hungarian Foreign Minister Péter Szijjártó said in a statement in Minsk on Wednesday (29 May). Hungary’s PAK 2 reactor has […]
Japan’s Jera has agreed to sell a part of its stake in US LNG terminal operator Freeport LNG to compatriot Japan Petroleum Exploration (Japex). Jera’s unit Jera Americas holds via Gulf Coast LNG a 25.7 […]
A $156 million federal grant is expected to fund a transformative investment in residential solar for low-income households in Massachusetts, advocates and officials say. The U.S. Environmental Protection Agency’s Solar for All program awarded […]
Subsea 7 has landed what it describes as a “super-major” contract worth over $1.25bn with Brazil’s Petrobras. The deal will see the Oslo-listed offshore services player work on the Búzios 9 field development, located some […]
Two Chinese firms have won the rights to build and operate a deepsea port on the Black Sea. China Communications Construction Company and China Harbour Investment will develop the long-planned port at Anaklia in Georgia. […]
Daily Standup Top Stories Shell plans job cuts in offshore wind business as CEO refocuses on oil and gas May 29, 2024 Mariel Alumit (Bloomberg) – Shell Plc is preparing to cut staff from its offshore […]
By Wolf Richter for WOLF STREET. In Q1 2024, “unrealized losses” on securities held by commercial banks increased by $39 billion (or by 8.1%) from Q4, to a cumulative loss of $517 billion. These unrealized losses amount to […]
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