Expand Energy CFO Singh Departs After ‘Termination Without Cause’
Expand Energy Executive Vice President and CFO Mohit Singh left the...
Expand Energy Executive Vice President and CFO Mohit Singh left the company “due to a termination without cause.”
Singh’s departure from the largest natural gas producer in the U.S. is effective Aug. 13, the company said in a Securities and Exchange Commission (SEC) filing after markets closed on Aug. 14. He is eligible to receive post-employment benefits under Expand’s executive severance plan.
Singh has served as executive vice president and CFO at Expand, the nation’s largest natural gas producer, since December 2021. He previously served as an executive with BPX Energy, the U.S. onshore subsidiary of supermajor BP Plc, from 2015 through 2021, according to investor filings.
Golar LNG is in talks about developing a fourth floating LNG (FLNG) production...
Golar LNG is in talks about developing a fourth floating LNG (FLNG) production vessel for its fleet, the Bermuda-based company said Aug. 14, during its second-quarter earnings call.
The company is talking with three shipyards for design and construction ideas. The designs range in capacity from 2 million tonnes per annum (mtpa) to 5.4 mtpa.
Golar currently has two FLNG units operating off the coast of Africa and one under construction. FLNG Gimi, off the coast of Mauritania and Senegal, began commercial operations in June.
Trump says meeting with Putin in Alaska “productive,” but provided no specifics
The meeting between the US and Russian presidents lasted about three...
The meeting between the US and Russian presidents lasted about three hours and ended abruptly, with both leaders making statements to the press but taking no questions. In Russian, Putin said, “I would like to hope that the understanding we have reached will allow us to get closer to that goal and open the way to peace in Ukraine.” Trump said, “We had an extremely productive meeting and many points were agreed to, there are just a very few that are left. We didn’t get there, but we have a very good chance of getting there.” Afterward, Trump gave an exclusive interview to Sean Hannity on Fox News, where he said, “Now, it’s really up to President Zelensky to get it done.” Zelensky was not invited to this meeting, but Trump said he would be briefing the Ukrainian president and NATO leaders on what transpired.
Americans shopped hard in July, but it may not last. US...
Americans shopped hard in July, but it may not last. US retail sales gained more than expected last month (+0.5%) and June’s figures were revised higher, showing that Americans were feeling plenty flush to spend on a broad range of goods this summer. Amazon’s four-day Prime Day sale surely helped, too. But other data released yesterday suggested more penny-pinching ahead: US consumer sentiment fell in August after climbing every month since May, and expectations for inflation jumped. Nearly 60% of Americans plan on curbing spending this year, the most recent University of Michigan survey found.
Louisiana’s attorney general sued Roblox, accusing the online gaming platform of having lax safety standards that make it a “perfect place for pedophiles.”
Saudi Arabia’s Public Investment Fund took an $8 billion write-down on five megaprojects it’s building, due to lower oil prices and higher costs.
California lawmakers revealed a proposed House map that would favor Democrats and offset potential GOP gains made through Texas redistricting.
Pimco, an asset management giant, warned that President Trump’s plan to IPO Fannie Mae and Freddie Mac could push mortgage rates higher.
Costco decided against selling a key abortion pill, a victory for conservatives who had campaigned against it.
Oil settled nearly $1 lower as Trump-Putin talks loom
(Reuters) - Oil prices closed down nearly $1 on Friday...
(Reuters) - Oil prices closed down nearly $1 on Friday as traders awaited talks between U.S. President Donald Trump and Russian leader Vladimir Putin, which could lead to an easing of the sanctions imposed on Moscow over the war in Ukraine.
Brent crude futures settled 99 cents lower at $65.85 a barrel, while U.S. West Texas Intermediate crude futures eased $1.16 lowerat $62.80 a barrel.
Trump arrived in Alaska on Friday for his summit with Putin after saying he wants to see a ceasefire in the war in Ukraine "today."
Trump has said he believes Russia is prepared to end the war, but he has also threatened to impose secondary sanctions on countries that buy Russian oil if there is no progress with peace talks.
Putin also arrived in Anchorage. Kremlin spokesman Dmitry Peskov said Russia expects the talks to bring results, Russia's Interfax news agency reported.
"If a ceasefire announcement is made, it will be taken as a negative to crude near-term," Kissler added.
For the week, WTI dropped 1.7%, while Brent eased 1.1%.
Weaker economic data from China, meanwhile, raised concerns over fuel demand.
