SLB Makes $3.4 Billion Bet on AI Data Center Boom
The world’s largest oilfield services company is spending $3.4 billion to expand into the infrastructure behind the AI power boom. SLB said […]
Glencore holds key to $1.4 billion prize in $50 billion deal reshaping South African-founded Anglo
Anglo wants to integrate Teck’s Quebrada Blanca copper operation in Chile with the neighbouring Collahuasi mine. The two operations are close enough […]
Angolan oil company takes Chevron’s $260 million deal from London bidder using partner rights
Etu Energias agreed to acquire Chevron’s 31% operated interest in Angola’s Block 14 and its 15.5% non-operated interest in the adjoining Block […]
U.S. Oil Deal Pushes China and Russia Out of Venezuelan Fields
A U.S. oil company controlled by a Venezuelan business tycoon will replace Chinese and Russian operators of several Venezuelan oil fields, Reuters […]
Japanese chipmaker Kioxia, partner Sandisk to spend 5 tril. yen to boost output
The top executive at Japanese chipmaker Kioxia Holdings Corp. said Thursday that the company and its partner Sandisk Corp. plan to spend […]
Uganda’s coffee boom is changing its role in the global supply chain
Uganda is exporting more coffee than at any point in its history. But the bigger story is not the record itself. It […]
Oil extends fall as investors shrug off latest US sanctions on Iran
Oil prices fell further on Tuesday after settling down more than 2% in the previous session, with investors brushing off the impact […]
Exxon Eyes Shell’s $8 Billion U.S. Chemicals Business
Exxon is in the running for Shell’s U.S. chemicals business that could fetch $8 billion, the Financial Times reported today, citing unnamed […]
Iran discovers huge 7.5 trillion cubic feet gas reserve in Fars Province amid US sanctions pressure
Iran has discovered more than 7.5 trillion cubic feet (212.4 billion cubic metres) of natural gas in a field in the southern […]
Has Iranian Crude Become Irrelevant to Global Oil Supply?
The reinstated U.S. blockade on Iranian oil exports is effectively preventing Tehran from exporting oil, making Iran’s oil volumes irrelevant for global […]
With the national debt nearing $40 trillion, Bank of America has a warning for bond investors
The U.S. national debt is hurtling toward $40 trillion, and Bank of America Research strategist Michael Hartnett’s “Anything but Bonds” framework is […]
Indian Oil Giant Secures U.S. License to Return to Venezuela
India’s Oil and Natural Gas Corporation has secured a license from the U.S. Office of Foreign Assets Control to return to Venezuela, […]