By Will Anderson – Managing Editor, Austin Business Journal | Bud Brigham, who has sold two oil companies this decade for a combined $6.8 billion,...
By Rob Ruth – The Argus Observer – – PAYETTE COUNTY — A class action suit filed in Payette County challenges gas...
In the last two months of 2018, the U.S. Gulf Coast exported more crude oil than it imported. Monthly net trade of...
U.S. natural gas production rose 11% or by 10 billion cubic feet per day in 2018, from 2017, and the growth was...
NEW YORK/HOUSTON (Reuters) – Occidental Petroleum Corp has emerged as one of the biggest exporters of U.S. shale oil, rivaling large trading...
ALBUQUERQUE JOURNAL – Southeastern New Mexico is riding a monster wave of oil production, with output flooding into a record of nearly...
OKLAHOMA CITY, March 11, 2019 /PRNewswire/ — Red Wolf Natural Resources, LLC (“Red Wolf”), a newly formed upstream oil and gas exploration and production company,...
Many division order analysts are squeamish about working Oklahoma as a geographic area. This is because Oklahoma is unique in its royalty...
A New York-based hedge fund manager said Wednesday Gulfport Energy’s plan to repurchase $400 million of stock was just one of several...
LONDON (Bloomberg) — BP Plc’s sale of a portfolio of U.S. onshore shale assets worth a combined $7 billion is progressing, with...
What’s a virtual world without anyone in it? As of last year, only 200,000 people were active in Horizon Worlds, Meta’s VR world, and Meta has yet to provide an update on that number. And for the ones who are there…it’s not that exciting. Quest 3, the latest iteration of Meta’s VR headset, debuted in October. By many accounts, it was an improvement on the Quest 2. But the problem that’s plagued the metaverse remained: What do you do once you’re in it? Some who entered the virtual world just couldn’t escape the feeling that it was more boring than the real one.
Companies shifted away from the metaverse as the focus on artificial intelligence intensified. While Zuckerberg remained bullish on the metaverse, he paid more attention to AI at Meta Connect 2023, Meta’s annual conference. And, as recently as this month, the company pushed new AI developments, including “Imagine with Meta AI,” an image-generating tool, alongside updates to its AI assistant. Meanwhile, Meta temporarily listed a battery strap for the Quest 3 as “out of stock” last month because the product was so glitchy. The company that renamed itself after the metaverse may end up pivoting to AI instead.
On the money. Politicians and advocacy groups warned that Musk’s takeover could lead to a rise in hate speech and disinformation on Twitter/X—and it did. Musk has implemented some platform restrictions on data gathering that have stifled dozens of studies trying to dig deeper into these trends, according to Reuters, but the EU is investigating X under its new tech rules.
Unforeseen: We weren’t creative enough to predict that this year Musk would challenge Mark Zuckerberg to a cage match in “ancient Rome”—and then not follow through. Or that he would tell some of his biggest advertisers to “go f***” themselves for pausing their spending after he endorsed an antisemitic conspiracy.
Looking to next year…maybe in between product meetings about X’s new banking feature, Musk will try to plug his losses with the help of his budding AI company, X.ai, which is seeking $1 billion in funding. But he also said a few months ago that X “may fail, as so many have predicted.”—ML
The energy sector moved higher Tuesday morning, supported by strength in the crude complex and the major equity futures extending their rally into the last week of the year.
WTI and Brent crude oil futures are kicking off the holiday-shortened week higher amid ongoing geopolitical tensions and optimism surrounding the Fed’s dovish pivot. Traders are continuing to focus on last week’s catalysts and are keeping an eye out for more news surrounding tensions in the Middle East. Elsewhere, as of Sunday, Denmark's Maersk announced it is preparing to resume shipping operations in the Red Sea and the Gulf of Aden, citing the deployment of a U.S.-led military initiative to protect ships traveling through the area.
Natural gas futures are lower on forecasts for warmer temperatures.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
Trying to catch up in oil and gas production is difficult enough. It becomes...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
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