Reuters The Biden administration said on Monday it has approved conditional funding of up to $1.1 billion to prevent the closure of the Diablo Canyon nuclear power plant near Santa Barbara as part of the national effort to fight climate change. The Pacific Gas & Electric plant, which was set to fully shut in 2025, applied for funding in the initial phase
Oil Price Over the last year, the Eagle Ford Shale play has seen a lot of renewed interest in investment as well as M&A activity. Just this November, Marathon Oil Company, (NYSE:MRO) announced in their quarterly earnings call they had acquired the Eagle Ford assets of privately held Ensign Natural Resources. For a sales price of ~$3.0 bn in a
Nov. 21 (UPI) — Crude oil prices were in a free fall on Monday, with Goldman Sachs …
Oil Price After extensive discussions, the delegates at the COP27 summit agreed to set up a loss-and-damage fund to help emerging economies tackle the effects of climate change that have hit them disproportionately. The agreement, although hailed as a step in the right direction, was reached at the expense of stricter emission reduction targets, for which environmentalists had been
World Oil (WO) — Zephyr Energy Plc, the Rocky Mountain oil and gas company focused on responsible resource development and carbon-neutral operations, announce on Monday that drilling operations have commenced on the State 36-2 LNW-CC well at its flagship project in the Paradox Basin, Utah. “The commencement of drilling of the State 36-2 LNW-CC well is another landmark moment for the
Investing Saudi Arabia and other OPEC oil producers are discussing an output increase, the Wall Street Journal reported on Monday, citing unidentified delegates within the group. An increase of up to 500,000 barrels per day is now under discussion for OPEC+’s Dec. 4 meeting, the report said. Oil prices, which were already down on the day, fell more than
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