From Twitter: Shell profits slumped 32% in the second quarter
Shell profits slumped 32% in the second...
Shell profits slumped 32% in the second quarter as prices retreated and its oil and gas traders struggled to navigate wild market swings driven by unpredictable newsflow https://t.co/I3ZEWWDI6j
Report: Ransomware attacks on oil, gas firms spike 935%
Ransomware attacks on oil...
Ransomware attacks on oil and gas companies surged 935% from April 2024 to April 2025, driven by increased automation and digitization of industrial control systems, according to a Zscaler report. The report notes that half of all ransomware attacks during this period targeted the US, with 3,671 incidents surpassing the total for the next 14 countries combined.
Five Point Infrastructure is in talks to sell Delaware...
Five Point Infrastructure is in talks to sell Delaware Basin midstream assets to MPLX LP for $2.3 billion.
Five Point portfolio company Northwind Midstream operates a natural gas midstream system focused on sour gas gathering and processing in Lea County, New Mexico.
A sale to MPLX could value Northwind’s assets at over $2 billion, including debt, Bloomberg News reported July 30, noting that a deal is not guaranteed.
Northwind’s portfolio includes over 220 miles of low- and high-pressure pipelines, five compressor stations and a central treating and sequestration hub, according to the company’s website.
Northwind’s system is designed to handle over 400 MMcf/d of natural gas treating capacity. The plant can currently handle 150 MMcf/d of sour gas and is adding another 50 MMcf/d.
The big red tariff button on the Oval Office desk was smashed multiple...
The big red tariff button on the Oval Office desk was smashed multiple times yesterday as President Trump revealed a slew of new trade policies. First, he slapped a 25% tariff on India, plus a “penalty” for the country buying energy and military equipment from Russia. He later hit Brazil with an added 40% tax, partly in retaliation for what he claims is a “witch hunt” against former President Jair Bolsonaro. Trump ended the day by slapping a 50% tariff on all copper imports and then revoking the de minimis exception, which exempts packages worth less than $800 from tariffs, for allcountries (he had suspended the provision for packages just from China and Hong Kong in May). The president also said he will not extend tomorrow’s deadline for his reciprocal tariffs to restart on countries that have not made new trade deals with the US.
Microsoft cloud revenue is soaring. The House that...
Microsoft cloud revenue is soaring. The House that Gates Built is as strong as ever, reporting fiscal fourth-quarter revenue that demolished Wall Street’s expectations, thanks to big-time growth in cloud computing. Microsoft’s cloud unit, which includes the Azure platform, generated nearly $30 billion in revenue last quarter, up by 26% from the same period a year ago. Azure produced more than $75 billion in fiscal 2025, Microsoft said—the first time the tech giant has disclosed Azure’s numbers. Microsoft shares were up 20% prior to yesterday’s earnings report and then jumped another 7% in after-hours trading.
TikTok is officially rolling out its community fact-checking feature, Footnotes, to US users.
Palo Alto Networks, a leading US cybersecurity company, is buying Israeli security provider CyberArk for $25 billion, CNBC reported.
Amazon is paying the New York Times at least $20 million a year to license its content to train its AI models, the Wall Street Journal reported.
YouTube loosened its profanity rules, now allowing creators to swear within the first seven seconds of a video and still get monetized.
Oreo and Reese’s are combining for two new absurdly delicious treats in a rare team-up of two rival snack companies.
