Exxon awaits market recovery for Baytown H2 project FID
ExxonMobil CEO Darren Woods has indicated that a final investment decision...
ExxonMobil CEO Darren Woods has indicated that a final investment decision on the company's Baytown blue hydrogen and ammonia project is unlikely this year because the market for low-carbon products remains too weak and customers are not yet willing to pay a premium. He added that recent changes that shorten hydrogen tax-credit eligibility undermine the development of a low-carbon hydrogen ecosystem. At the same time, Woods expressed optimism about US tight oil production, pointing to technological advances that could boost shale recovery rates.
Commonwealth LNG project faces new legal roadblock
A Louisiana state court voided the coastal-use permit for Commonwealth...
A Louisiana state court voided the coastal-use permit for Commonwealth LNG's proposed export terminal after determining that the state's Office of Coastal Management violated Louisiana law by failing to consider cumulative impacts, climate change and environmental justice concerns. The decision is a win for conservation groups and another setback for Commonwealth, which is already contending with federal litigation and project delays from earlier executive actions.
BlackRock and tech giants to buy data center company for $40 billion
There was a significant deal announced yesterday in the AI space. A...
There was a significant deal announced yesterday in the AI space. A consortium of investors that includes BlackRock’s Global Infrastructure Partners, Nvidia, Microsoft, and xAI, among others, is buying Aligned Data Centers. Aligned, currently owned by Macquarie Asset Management, designs and operates data centers in North and South America. The deal, expected to close next year, comes amid a race to build more data centers as AI models hoover up computing power.
Oil prices extended losses on Wednesday as rising OPEC+...
Oil prices extended losses on Wednesday as rising OPEC+ supply and escalating U.S.-China trade tensions deepened concerns over global demand, prompting Bank of America to warn that Brent crude could drop below $50 per barrelin the months ahead.
President Trump confirmed yesterday that he had authorized covert CIA actions in Venezuela.
Argentina could get another $20 billion in aid from the US, which is looking to tap the private sector for the funds. However, President Trump suggested Tuesday that the US would not provide money if Argentine President Javier Milei is not reelected.
The Delaware Supreme Court heard oral arguments yesterday over whether Tesla should pay Elon Musk $56 billion, bringing the yearslong legal battle concerning the CEO’s compensation close to a resolution.
Waymo plans to launch its driverless taxis in London next year.
The US will mint one-dollar coins honoring innovators next year, including one featuring Steve Jobs.
Sam Altman said OpenAI is “not the elected moral police of the world” following backlash against his announcement that ChatGPT will allow adults to produce erotica.
Mexico Sends $3 Billion in Subsidized Fuel to Cuba in Just Four Months
Between May and August 2025, Mexico...
Between May and August 2025, Mexico shipped more than $3 billion worth of subsidized fuel to Cuba through Gasolinas Bienestar, a subsidiary of state oil company Pemex, according to an investigation by Mexicanos Contra la Corrupción y la Impunidad (MCCI). The figure is three times higher than the total shipments during the final two years of the previous administration.
MCCI found that at least 58 fuel shipments — including gasoline, diesel, and crude — departed from Mexican ports over just four months, mostly from Coatzacoalcos, Veracruz, with three leaving from Tampico, Tamaulipas. The cargoes were tracked through maritime monitoring platforms, showing consistent routes between Mexico and Cuba.
