Brazil’s oil and gas production reached in November its highest level ever for a single...
Brazil’s oil and gas production reached in November its highest level ever for a single month, data from oil regulator ANP showed on Thursday, eclipsing the previous record set in September.
Oil and natural gas production totaled 4.698 million barrels of oil equivalent per day in the period, ANP said in a statement, with oil output alone rising 18.8% year-on-year to 3.678 million barrels per day.
Natural gas production jumped 15.5% to 162.12 million cubic meters per day, the regulator added.
Federal Safety Board Shares Findings on Burleson County Well Blowout
A federal safety board on Tuesday shared findings of a devastating oil and gas well blowout...
A federal safety board on Tuesday shared findings of a devastating oil and gas well blowout that occurred three years ago in Burleson County.
The incident, which occurred on January 29, 2020, resulted in the death of three contract workers and left a fourth severely injured.
The Daniel H. Wendland 1-H well, operated by Oklahoma-based Chesapeake Energy, was the location of the deadly flash fire that was felt throughout Burleson County and neighboring communities.
The U.S. Chemical Safety Board, in its comprehensive report, points to critical failures in the operation of the well, particularly in the areas of planning and research. The report also delves into the specifics of what went wrong, revealing the loss of well control triggered an uncontrolled release of hydrocarbons, followed by the escape of oil and gas from the well that quickly found an ignition source.
Alternus Clean Energy Emerges from $575MM Blank Check Acquisition
Ireland’s Alternus Energy Group Plc. (AEG), a transatlantic...
Ireland’s Alternus Energy Group Plc. (AEG), a transatlantic clean energy independent power producer, has completed a previously announced business combination with a special purposes acquisition company Clean Earth Acquisitions Corp. to createa new company, Alternus Clean Energy Inc.
Law firm Winston & Strawn said the acquisition was valued at $575 million. Under the terms of the amended business combination agreement, AEG owns approximately 80% of the company,with the remainder owned by Clean Earth sponsors and public shareholders.
College Football Playoff kicks off Monday with No. 1 Michigan taking on No. 4 Alabama...
College Football Playoff kicks off Monday with No. 1 Michigan taking on No. 4 Alabama (4 pm ET, ESPN) and No. 2 Washington against No. 3 Texas (8 pm ET, ESPN) (More) | See full college football bowl schedule (More)
University of Wisconsin-La Crosse Chancellor Joe Gow fired after pornographic videos of Gow and his wife are uncovered (More)
US military's X-37B space plane begins its seventh mission; the vehicle was launched via a SpaceX Falcon Heavy rocket, allowing it to reach as high as 22,000 miles above Earth (More)
Global mergers and acquisitions fell 17% to $2.87T in 2023, the lowest level in more than 10 years and driven partly by tightening markets; Japan was the only country to see M&A growth at 32% (More)
Historybook: President Andrew Johnson born (1808); Texas becomes the 28th US state (1845); US Army kills over 250 Lakota people at Wounded Knee (1890); Actress Mary Tyler Moore born (1936); Soccer legend Pelé dies (2022).
US stock markets are on pace to wrap up the year with ...
US stock markets are on pace to wrap up the year with double-digit gains. The S&P 500, which is hovering near its all-time high, closed up 25% for the year yesterday. The technology-heavy Nasdaq closed up 45% for the year and is nearing its best year since 2003. The Dow closed up 14% for the year, setting a seventh-record high for the month yesterday.
This year's rally marks a reversal from 2022, when all three major indexes closed lower (S&P 500 -19.4%, Dow -8.8%, Nasdaq -33.1%), ending the worst year for markets since 2008. Gains in 2023 have been partly due to the rise of artificial intelligence and big tech stock increases, primarily with a group known as the Magnificent Seven: Alphabet, Amazon, Apple, Meta, Microsoft, Tesla, and Nvidia.
