U.S. oil and gas producers recovered and reset in 2021, posting increased profits of $73.7 billion and $211.9 billion in revenues, with significant deal activity that drove $144.1 billion in capital expenditures (capex), according to […]
U.S. refiner Phillips 66 offered to acquire the public units of DCP Midstream in a deal that would value the pipeline operator at $7.2 billion deal and bulk up Phillip’s natural gas liquids business. A deal would […]
Hundreds of billions of dollars continue flowing into fossil fuels every year, with no signs of the trend changing any time soon. Many investors say that it’s next to impossible to fully forego fossil-fuel investments, […]
[Scene: Suburbia. A harried wife returning home from work. Angry slamming of a front door.] “I’m home! Where are you? What the hell is going on? Why is the garage full of cash? I can’t […]
As economic data from China spurred fresh worries about a global economic slowdown that would sap oil demand, oil prices declined on Tuesday, extending losses from the previous session. Brent crude futures were down 90 […]
Boxabl, the pre-fab housing company Elon Musk made famous, has just raised $19 million in crowd-funding to build the world’s largest pre-fab home manufacturing center. Boxabl first gained fame when Tesla COE Elon Musk swore […]
Stocks stalled in Asia as global markets were permeated with fears of a global economic slump, commodity prices slid downward and the dollar was bolstered. Meanwhile, Japan shares dipped, as South Korea and Australia picked […]
A Delaware court has ordered Twitter to relinquish to Elon Musk records from its former consumer product head related to the spam and bot accounts which the billionaire has cited, in seeking to nullify his […]
A recent SEC filing has revealed that Warren Buffett’s Berkshire Hathaway acquired just under seven million more Occidental Petroleum shares for a price of over $390 million. According to the filing, on August 4, 2,231,566 […]
Aug 15 (Reuters) – Kimmeridge Energy Management Co LLC on Monday confirmed it has amassed a stake in California Resources Corp (CRC.N) and is engaging with the oil and gas producer to make changes that include selling […]
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