Occidental Petroleum's direct air capture development efforts...
Occidental Petroleum's direct air capture development efforts have received a boost from Amazon,which this week agreed to buy credits tied to the removal of 275,500 short tons of carbon dioxide over 10 years from Oxy subsidiary 1PointFive's Stratos DAC plant, under construction in Ector County, Texas. The facility, the first of five planned in Texas and Louisiana, will have an initial carbon capture capacity of 551,000 short tons per year when it begins operations in 2025.
Lithium-laden brine could be a hot commodity for Big Oil
Saltwater brine from oil and gas production has historically been viewed as a waste stream that can be...
Saltwater brine from oil and gas production has historically been viewed as a waste stream that can be costly to treat or dispose of, but it could also be energy companies' golden ticket into the electric vehicle battery industry -- if they can figure out how to extract the lithium from it. ExxonMobil, Chevron and Occidental Petroleum hope to do just that and are working on a variety of lithium extraction pilot projects.
Officials said a transmission line between two power plants caught fire and exploded yesterday, cutting...
Officials said a transmission line between two power plants caught fire and exploded yesterday, cutting power across the country in its worst outage in a year. Power was restored throughout the day, but not before it fell to zero megawatts in what Nigeria’s electricity distribution companies called a “total system collapse.” Many of the country’s homes and businesses use their own sources of electricity, like gas-powered generators, because the national grid is so unreliable.
UAW strike: 12,700 Ford, GM and Stellantis workers walk off the job
Nearly 13,000 U.S. auto workers went on strike early Friday after the Big Three and the United Auto Workers...
Nearly 13,000 U.S. auto workers went on strike early Friday after the Big Three and the United Auto Workers failed to reach an agreement before their national contract expired just before midnight.
Oil set for another weekly gain on tight supply and China optimism
LONDON (Reuters) -Oil was on track for a third weekly gain as supply tightness spearheaded by Saudi Arabian...
LONDON (Reuters) -Oil was on track for a third weekly gain as supply tightness spearheaded by Saudi Arabian production cuts combines with optimism that the Chinese economy is finally turning a corner.
Brent crude futures gained 8 cents to $93.78 a barrel while West Texas Intermediate (WTI) was up 14 cents at $90.3.
Brent hit a 10-month high of $94.63 earlier in the session and has seen its biggest quarterly increase since Russia's invasion of Ukraine. Both benchmarks were up about 4% on the week.
