S&P 500 reaches record high thanks to Netflix results and AI investment plan
Wall Street indexes rose Wednesday. The benchmark S&P 500 hit a record during the session as investors cheered the quarterly report from streaming video provider Netflix and technology shares rallied after President Donald Trump's announcement of a private sector artificial intelligence infrastructure plan. The S&P 500 index's 11 main industry sectors were led by the technology sector…
S&P 500 reaches record highs on Netflix results and AI investment plans
Wall Street's major indexes rose Wednesday. The benchmark S&P 500 hit a record high as investors cheered the quarterly report from streaming video provider Netflix and technology shares rallied following the announcement of an artificial intelligence infrastructure plan for the private sector. Data pointing to an economy in which inflation is cooling…
Financial Times - Jan 17
These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch their accuracy. Owners of France's Natixis Investment Managers, and Italian insurer Generali, are nearing an announcement of an agreement for a joint venture in asset management that will bring together the two biggest European names.
TVO Contracts 4C Global Consultancy to Support UK Clients
Trendsetter Vulcan Offshore (TVO), a developer of innovative solutions for the offshore industry, has engaged Finlay Johnston, through 4C Global Consultancy, to lead business development efforts for TVO in the UK.“We recently appointed a country manager in Australia and are continuing to add to our global team,” says TVO President Jim Maher. “There is a long-term need for expert subsea support services in the UK…
Protecting Employees in High-Risk Environments
For any business, ensuring the health and safety of its employees should be the number one priority – what is more, it’s a legal requirement.This is especially true when a company has employees that need to work alone. Whether it be in construction, healthcare or the public sector, lone workers face unique risks and challenges that those working in a team often don’t experience.
Industry Award for Sustainable Drilling Waste Solution
Specialist drilling waste management company, TWMA, has been announced as a finalist in this year’s SPE Offshore Achievement Awards.Shortlisted for the Sustainability Project Award, this recognition celebrates TWMA’s RotoMill technology, an innovative offshore processing solution that decarbonises drilling waste operations by more than 50%.Now in its 38th year…
China reports five reservoirs with problems in Tibet following earthquake
An emergency official reported on Thursday that Chinese authorities have found cracks and other problems at five of the 14 hydropower dams they have inspected in Tibet since last week's magnitude 6.8 quake that shook the region. The Tibet emergency management official said that three of the five dams affected have been emptied. He said that in the county of Tingri (the epicentre of the earthquake)…
Sweden builds 100,000-year storage site for spent nuclear material
Sweden began building a final nuclear fuel storage facility on Wednesday. It is only the second site of its kind in the world where highly radioactive wastes will be stored for 100 years. Since the commercialization of nuclear reactors in the 1950s, the question of how to safely store radioactive waste has plagued the industry. Finland is the only nation that has a permanent site in its final stages of construction.
Bloomberg News reports that Civitas Resources is considering selling DJ Basin assets.
Bloomberg News reported Wednesday that oil and gas producer Civitas is considering selling part or all its assets located in the Denver-Julesburg Basin in Colorado. These assets could be worth more than $4 billion. The report cited people who were familiar with the situation as saying that the company was working with a financial advisor to gauge buyer interest.
Danos Names Habbit Decommissioning Ops Manager
Danos has promoted Blake Habbit to lead the growth and development of the company's Gulf of Mexico decommissioning services.As operations manager, Habbit will oversee business operations and customer support throughout the decommissioning phase. Leveraging Danos’ diverse portfolio of service offerings, he will coordinate across entities to ensure safe…
Orlen, a Polish company, plans to invest 380 billion Zlotys (about $3.8 billion) by 2035
Orlen, Poland's oil retailer and refiner, plans to invest between $84.3 billion and $91 billion by 2035. This compares to the 320 billion zlotys in investments that were envisaged for an eight-year period under the 2022 Strategy. Orlen shares fell as much as 3,2% after the announcement of Orlen's strategy, but they were only down 0.1% as of 1017 GMT.
Alaska sues Biden Administration over ANWR Leases
The U.S. state of Alaska has sued the Biden administration for what it calls violations of a Congressional directive to allow oil and gas development in a portion of the federal Arctic National Wildlife Refuge (ANWR).Monday's lawsuit in the U.S. District Court in Alaska challenges the federal government's December 2024 decision to offer oil and gas…
BOEM Advances Offshore Wind Leasing in Guam
In support of the current administration’s goals to deploy 30 gigawatts (GW) of offshore wind energy capacity by 2030 and 15 GW of floating offshore wind energy capacity by 2035, the Bureau of Ocean Energy Management (BOEM) today announced the publication of a Call for Information and Nominations (Call) for possible wind energy leasing off the coast of the U.S.
Nigerian regulator: Applicants for oil licenses must demonstrate low carbon emissions
Nigerian applicants for oil licenses and permits will be required to provide evidence of low-carbon emissions and a program of renewable energy starting on Wednesday, before they are approved. This was announced by the head of Nigeria's upstream regulatory agency. Gbenga Kmolafe said that the Nigerian Upstream Petroleum Regulatory Commission's policy is to meet the country's target of zero net carbon emissions by 2060.
Judge rejects bids to block Gramercy Fund lawsuits
A U.S. court ruled on Monday that three companies can continue their lawsuits to increase their chances of receiving proceeds from an auction of Citgo Petroleum's parent shares. In a motion to block parallel lawsuits, the court officer who oversees the auction at federal court in Delaware said that the decision could reduce any proceeds from a sale.
Gazprom expects the price of export gas to decline in 2025
Gazprom, the Russian gas producer, said that it expects to see export gas prices fall below current levels in Europe and Asia in 2025 and on average lower than 2024. The Russian economy ministry also stated that it expects the price of Gazprom gas outside ex-Soviet Union countries to fall by 2025. It is expected that prices will average $304.4 per 1000 cubic metres, down from projected $328.4 for this year.
Sources say that Northern Oil and Gas is in the process of acquiring Granite Ridge, a smaller rival.
According to sources familiar with the situation, Northern Oil and Gas made a purchase offer for Granite Ridge Resources. Granite Ridge Resources is a small U.S. oil and gas producer that operates in the Permian and Eagle Ford basins. Sources said that Northern, based in Minneapolis, Minnesota, has made at least two bids for Granite Ridge. The latest offer…
Sources say that Tesla's former China plant head will join renewable energy company Envision
Two sources with knowledge of the situation said that Tesla's former China Plant Manager is expected to join Chinese renewable energy company Envision. One source said that Song Gang, who announced Wednesday his departure from Tesla, will be taking on supply chain management duties for Envision. Envision and Song didn't immediately respond to separate comments. Tesla did not reply to a question about Song's departure.
US pressures EU to align LNG methane regulations
A letter obtained by showed that U.S. officials redoubled their efforts to convince EU counterparts that shipments of liquefied gas meeting current U.S. regulations on methane would automatically meet the new European standards for gas imports. On December 17, the administration of President Joe Biden sent a second email to Ditte J. Jorgensen (EU…
O Globo reports that Brava Energia, a Brazilian company, will sell Potiguar's assets to PetroReconcavo.
The newspaper O Globo, citing reliable sources, reported that Brava Energia, a Brazilian company, had reached an agreement with PetroReconcavo to sell assets in the Potiguar Basin for a total of around 13 billion reais (2.13 billion dollars). According to the report, the acquisition of the assets in Brazil's oil basin would enable PetroReconcavo reduce costs and could also lead to better agreements with suppliers.
