Some private-equity firms backing oil-and-gas producers cashed in on rising consolidation in the U.S. shale industry last year, selling assets for an expected $30.55 billion and fueling distributions to investors—a contrast with the dearth of exit […]
TotalEnergies E&P USA Inc. has agreed to acquire Talos Low Carbon Solutions LLC—Talos Energy Inc.’s entire carbon capture and sequestration (CCS) business—for a combined total of about $148 million, the companies said in separate releases […]
Shell Plc plans to divest 500 retail sites annually over the next two years, responding to a growing demand for electric vehicle chargers. “We are upgrading our retail network, with expanded electric vehicle charging and […]
International oil and gas majors and the Middle East’s national oil companies are expected to give the green light this year to up to 30 projects, worth a total investment of $125 billion and holding […]
By Wolf Richter for WOLF STREET. The multifamily segment of Commercial Real Estate – apartments – is holding up better than office, retail (the Brick-and-Mortar Meltdown since 2017), and lodging, though it’s cracking too with some spectacular defaults […]
President Joe Biden’s FY 2025 budget request of $7.3 trillion is exactly what Americans should have expected: increased spending and taxes. A budget is more than just numbers, though. It’s a reflection of policy priorities and the ideological perspective […]
source: Hot Air: Ed Morrissey: Hey, a hundred billion here, a hundred billion there, and pretty soon you’re talking about real money. But apparently not real progress. When I first started writing about California’s high-speed […]
Confidence is eroding, as the percentage of executives predicting net zero by 2060 instead of 2050 rises to 62 per cent from 54 per cent a year ago Customers’ reluctance to pay higher prices prevents […]
ENB Pub Note: I had the privilege of sitting down with Isaac Orr and Mitch Rolling, The Energy Bad Boys. We had a fantastic podcast, and I look forward to working with them on other […]
The BRICS bloc is continuing its dominance and objective to eliminate the US Dollar, and now the US Treasury Secretary predicts the greenback may fall. Treasury Secretary Janet Yellen spoke on “de-dollarization” during a congressional hearing this […]
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