Swiss-based offshore drilling giant Transocean has entered into an agreement with an undisclosed customer to sell one of its ultra-deepwater floaters. The company said in a Monday US Securities and Exchange Commission filing that it […]
Last year, Lloyds denounced fossil fuel financing, joining a growing list of financial institutions in Europe to do so. Neptune Energy: Virtually all British banks have stopped financing smaller independent oil and gas producers The situation could […]
(WO) – The African Energy Chamber (AEC) announced that Chevron and Equatorial Guinea’s state-owned oil company GEPetrol have signed two production sharing contracts (PSC) for offshore blocks EG-06 and EG-11 in Equatorial Guinea- representing a […]
By Wolf Richter for WOLF STREET. The US national debt – now $34.7 trillion, up from $23.3 trillion in January 2020, and from $27.6 trillion in January 2021 – has spiked so fast that it would make our […]
Atlantic spot liquefied natural gas (LNG) freight rates jumped this week, while European prices decreased compared to the previous week. Last week, freight rates increased in both the Atlantic and Pacific basins. “Spark30s Atlantic rates experienced […]
US production of crude steel edged down further. Nucor Steel moved up to #15 globally. US Steel, #24, gets acquired by #4, Nippon Steel. By Wolf Richter for WOLF STREET. China, which produces over half the world’s crude […]
As China dumps Treasury securities, the Euro Area, Canada, and financial centers load up with immense appetite. By Wolf Richter for WOLF STREET. The question that’s on everyone’s mind is how long foreign investors will continue to support […]
BlackRock appears to be trying to make up for its politicized, anti-fossil fuels ESG investment strategy, according to a report by Fox News: “In a release obtained by Fox News Digital on Monday, BlackRock officials […]
By Wolf Richter for WOLF STREET. EV maker Fisker, which had gone public via merger with a SPAC in October 2020 amid fake promises and ludicrous projections, and then burned over $1 billion of investor cash, has finally […]
The long-awaited bitcoin exchange traded funds launched in January, and financial advisors are on their way – though gradually – toward adopting them, according to BlackRock’s Samara Cohen. For now, about 80% of bitcoin ETF purchases have likely […]
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