Permian gas infrastructure growth bodes well for oil
Rising natural gas processing...
Rising natural gas processing capacity and the upcoming startup of the 2.5-Bcf/d Matterhorn Express Pipeline are expected to stimulate crude oil production in the Permian Basin, say analysts. Regional gas processing capacity is on track to increase by over 2.8 Bcf/d this year and roughly 2.3 Bcf/d in 2025.
Advancing new geothermal frontiers a focus for Chevron
Partnerships, technological...
Partnerships, technological innovation and supportive policies are the key ingredients for advancing geothermal energy beyond 4 gigawatts in the US, Chevron New Energies Vice President of Carbon Capture, Utilization and Storage Chris Powers said in an interview. He detailed how Chevron was leveraging its oil and gas expertise and Energy Department funding to develop and scale novel geothermal technologies such as low-temperature hydrothermal, advanced closed loop, and enhanced geothermal systems.
Boeing told the FAA how it plans to improve safety. The...
Boeing told the FAA how it plans to improve safety. The airplane manufacturer endured the travel industry equivalent of getting sent to the principal’s office yesterday when it outlined its plan to regain the public’s trust in a three-hour meeting with federal regulators. Per the Federal Aviation Administration, Boeing executives pledged to enhance oversight, simplify processes, and improve employee training in response to the cavalcade of safety incidents that have garnered international headlines in recent months. The FAA will “actively monitor” Boeing’s progress with weekly review meetings.
Nelson Peltz made about $1 billion by selling his entire stake in Disney after losing his proxy battle against the entertainment giant.
Emirates added turbulence detection tools to its flights after two extreme incidents last week.
Amazon increased its stake in food delivery app Grubhub to 18% and will now allow US users to order takeout directly from the Amazon website and app.
The IRS is expanding its free TurboTax-alternative filing tool to all 50 states starting next year.
The French Open banned spectators from drinking alcohol in the stands because they have been way too annoying this year, tournament officials said.
NYT: Donald Trump was found guilty of all 34 counts in his Manhattan trial, making him the first former president to become a felon
Donald J. Trump was convicted on Thursday of...
Donald J. Trump was convicted on Thursday of falsifying records to cover up a sex scandal that threatened to derail his 2016 presidential campaign, capping an extraordinary trial that tested the resilience of the American justice system and will reverberate into November’s election.
Mr. Trump was convicted on all 34 counts of falsifying business records by a jury of 12 New Yorkers, who deliberated over two days to decide a case rife with descriptions of secret deals, tabloid scandal and an Oval Office pact with echoes of Watergate. The former president sat largely expressionless, a glum look on his face, after the jury issued its verdict.
Benchmark U.S. crude oil for July delivery fell $1.32to $77.91 per barrel Thursday. Brent crude for July delivery fell $1.74to $81.86 per barrel.
Wholesale gasoline for June delivery fell 6 centsto $2.40 a gallon. June heating oilfell 7 cents to $2.37 a gallon. July natural gasfell 10 cents to $2.57 per 1,000 cubic feet.
