Ex-Pioneer CEO Cannot Challenge Order Barring Him From Exxon board, FTC Says
Scott Sheffield, the founder and former CEO of Pioneer Natural Resources, cannot directly challenge a Biden-era order barring him from ExxonMobil’s board after its acquisition of Pioneer, the Federal Trade…
Oil Prices Gain on Demand Expectations amid Improving Economy
(Reuters) – Oil prices rose on Wednesday on expectations of steady demand in the U.S. and China, the world’s two largest oil users, amid an improving economic outlook. Brent crude…
Venture Global Proposes Larger Expansion at Plaquemines LNG Facility, Filing Shows
Venture Global is already constructing the United States’ second-largest LNG plant in Plaquemines Parish, Louisiana, and on March 6, announced plans to expand the facility by an initial 18.6 mtpa.…
Oil Slips as Trump’s 50-Day Deadline for Russia Eases Supply Fears
By Potential sanctions on Russia could alter oil market outlook, ING analysts note China’s economic data supportive for prices despite global growth concerns NEW YORK, July 15 (Reuters) – Oil…
Four Injured After Fire at Chevron Pascagoula, Mississippi Refinery
July 15 (Reuters) – Four contract workers were injured after a fire at Chevron’s (CVX.N) 356,440 barrels-per-day (bpd) Pascagoula, Mississippi refinery on Monday, the company said in an email statement.…
Ford Promises a Parade of Affordable Electric Vehicles
The pickup giant will also pivot to hybrids and extended-range EV models, sustainability chief Bob Holycross says. By An electric Ford Explorer sports utility vehicle (SUV) on an assembly line…
Google Signs a Record $3-Billion Hydropower Deal to Power AI
Google has signed a $3-billion agreement to source electricity for data centers from Brookfield Asset Management’s hydropower facilities, in the world’s largest corporate clean power deal for hydroelectricity, the asset…
Kazakhstan Not Leaving OPEC+ Despite Constantly Busting Quotas
Non-OPEC producer Kazakhstan, which is boosting its oil output in defiance of its quotas in the OPEC+ deal, doesn’t plan to leave the alliance of producers, the country’s top officials…
Blackstone to Invest $25 bln in Data Centers and Natural Gas Plants, COO Says
(Reuters) – Asset management firm Blackstone will announce on Tuesday a $25 billion investment in data centers and energy infrastructure in Pennsylvania, Chief Operating Officer Jon Gray said at a…
SLB’s ChampionX Deal Clears Final Hurdle With UK Approval
(Reuters) – Britain’s antitrust watchdog has cleared oilfield services firm SLB’s $8 billion acquisition of ChampionX after accepting commitments to address competition concerns, with the deal set to close on…
