Sources say Vale is in advanced discussions to sell Brazil renewable assets GIP.
Two people familiar with this matter have confirmed that Vale, the Brazilian mining giant, is in advanced discussions to sell a major stake in a renewable power unit and a Solar Plant to Global Infrastructure Partners. Sources said that Casa dos Ventos (CTG) Brasil and China Three Gorges Brasil…
Source: Elliott wants operational changes at Phillips 66 after acquiring a stake of over $2 billion dollars
A person with knowledge of the matter said that Elliott Investment Management, an activist firm, has acquired a stake worth over $2.5 billion in Phillips 66. The company plans to make changes to its operations to increase its stock price. The person who spoke to Elliott said that he plans to encourage Phillips 66's midstream division to be sold or spun off.
Wall Street Journal – Feb 10,
These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. Activist investor Elliott Investment Management owns a stake in BP, the world's largest oil company. Elliott Investment Management will demand radical changes to improve BP's performance.
DeepSeek's "Sputnik moment" prompts investors to dump big AI players
Investors sent technology stocks like Nvidia and Oracle tumbling on Monday as the appearance of a Chinese artificial intelligence model that is low-cost cast doubts on Western firms' dominance in the sector.Startup DeepSeek launched last week a free assistant that it claims uses less data and costs a fraction of what existing models cost.
What is known about Trump’s executive orders following his swearing-in?
Donald Trump, the U.S. president, began issuing what was expected to be an avalanche of executive orders and directions on Monday as he tried to stamp his mark on his new government on issues ranging from immigration to energy. Sources familiar with the plans say that more than 200 orders and directives may be issued in a "shock and awe" campaign.
What is known about Trump’s executive orders following his swearing-in?
Donald Trump, the U.S. president, said on Monday that he will issue what is expected be a flurry executive orders and directions as he seeks to stamp his new administration in matters ranging between energy to immigration. Sources familiar with the plans say that more than 200 orders and directives may be issued in what's known as an "escape-and-shock" campaign.
What we know about Trump’s executive orders following his swearing-in
Donald Trump, the U.S. president, said on Monday that he will issue what is expected be a flurry executive orders and directions as he seeks to stamp his new administration in matters ranging between energy and immigration. Sources familiar with the plans say that more than 200 orders and directives may be issued in a "shock and awe" campaign.
What we know about Trump’s executive orders following his swearing-in
Donald Trump, the U.S. president, said on Monday that he will issue a series of executive orders and instructions to stamp his mark on his administration. These directives and orders are expected to cover a wide range of issues from immigration to energy. Sources familiar with the plans say that…
Wall Street Journal, Dec 19,
These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. Woodside and Chevron announced they would streamline their oil and gas operations throughout Western Australia by announcing a stake exchange deal. This move…
Wall Street Journal, Dec 3,
These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. A Delaware judge ruled Monday that Tesla CEO Elon Mots is not entitled to a $56 billion package of compensation despite the fact that shareholders of the electric car company voted to reinstate it in July.
Rosneft denies reports that 'evil Sechin’ plans to takeover Russian oil giants
Rosneft is Russia's largest oil company. It denied any reports that it was planning to take over a large chunk of the Russian Oil Sector. They said these reports were an attempt to portray its CEO, Igor Sechin as a bad influence. The Wall Street Journal reported on Russia's plans to merge Rosneft with Gazprom, Lukoil and Lukoil.
WSJ reports that Russia is exploring a plan to merge Rosneft, a Gazprom subsidiary, and Lukoil.
The Wall Street Journal reported that Russia is working on plans to merge Rosneft oil, a state-backed company, with Gazprom, creating the second-largest crude oil producer in the world. The newspaper reported that executives and government officials have been in talks over the last few months.
Chubu Electric, Japan, plans to increase its investment in renewable energy and SMR overseas
A company executive revealed that Chubu Electric Power, Japan, plans to invest further in overseas decarbonisation projects, such as renewable energy, small-modular reactors (SMRs), or carbon capture and storage (CCS) to fuel the future growth of the company. Chubu, the major regional electric utility in Japan, announced a long-term plan for 2021.
OPEC rebuts WSJ Article on Saudi Saying Oil Prices Could Drop to $50
OPEC rebutted a Wall Street Journal article on Wednesday. It called it inaccurate and misleading, stating that Saudi Arabia's Energy Minister warned oil prices would drop to $50 if OPEC+ member countries did not adhere to production limits agreed upon. Unidentified delegates of the oil producers'…
Wall Street Journal Sept. 27
These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. U.S. Antitrust enforcers will bar Hess CEO John Hess joining the board at Chevron in a deal that approves a $53 Billion tie-up between Hess & Chevron. Accident…
TSX reaches record high in anticipation of a larger US rate reduction
Canada's main index of stocks hit another record on Friday, in a rally that was led by mining companies. Investors reacted to the overnight surge in expectations for a large U.S. rate cut next Monday. The Toronto Stock Exchange’s S&P/TSX Composite index rose 143.04 or 0.61% to 23,618.73, and was on track to extend its record-breaking run.
EU Probes Chinese Subsidies and Imports
The European Commission proposed on Tuesday final duties up to 36.3% for imported electric vehicles manufactured in China. This is part of the most high-profile EU investigation into alleged Chinese subsidies, which has provoked threats from Beijing. The EU has also begun investigations to determine…
Source: Natron plans to build a $1.4 billion sodium-ion batteries plant in North Carolina
Sources familiar with the situation said that Natron Energy is planning to invest $1.4 Billion in a manufacturing plant for sodium-ion batteries in North Carolina. This could potentially increase the company's capacity by 40 fold. The battery storage facility in Edgecombe County, North Carolina…
Exxon in Advanced Talks for $60B Acquisition of Pioneer - Sources
Exxon Mobil is in advanced talks to acquire Pioneer Natural Resources in a deal that could value the Permian shale basin producer at about $60 billion, people familiar with the matter said on Thursday. The acquisition would be Exxon's biggest since its $81 billion deal for Mobil in 1998 and would…
Energy @ Sea: Powering Up in the Blue Desert
Last year marked the beginning of the United Nations Decade of Ocean Science for Sustainable Development, lasting from 2021 until 2030. With 10 years comes 10 challenges—goals for regional, national and global participants to work towards for positive, collective impact on our oceans. Included in the 10 are ocean-based solutions for climate change…
