Chevron starts water injection project on Wilcox trend
Chevron has launched water...
Chevron has launched water injection projects at the Jack/St. Malo and Tahiti facilities in the deepwater Gulf of Mexico to increase oil and gas production. The project is Chevron's first use of the technology in the Wilcox trend and is expected to allow the firm to produce an additional 175 million barrels of oil equivalent from the field.
Mosman Oil and Gas extends deadline to complete Texas asset sale
Mosman...
Mosman Oil and Gas Ltd (AIM:MSMN) has announced an extension to the completion date of the sale of its working interests in Stanley, Greater Stanley, and the Winters leases, located in Polk County, Texas.
Initially set for 3 September 2024, the new expected completion date is now 9 September 2024, as the companies continue to work through the documentation.
Hochul’s former aide was arrested for allegedly laundering...
Hochul’s former aide was arrested for allegedly laundering millions from China. Linda Sun, a former top aide to New York Gov. Kathy Hochul and former Gov. Andrew Cuomo, was arrested yesterday and charged with acting as an agent for the Chinese government. Per a federal indictment, Sun secretly “engaged in numerous political activities” on behalf of China while working as Hochul’s deputy chief of staff, including blocking Taiwanese government representatives from having access to New York state officials.
California passed a law that requires consent for the likenesses of dead performers to be replicated with AI.
Hewlett Packard confirmed that it intends to continue its $4 billion lawsuit against the estate of Mike Lynch, who died in last month’s yacht sinking off the coast of Sicily.
Cathay Pacific, Hong Kong’s flag carrier, is inspecting its entire Airbus A350 fleet after discovering an engine problem on a number of planes.
New Zealand will roughly triple the tax on tourists from $22 to $62 starting in October to help cover the costs of environmental protection.
Fuel Oil Oil Slumps About 5% as End to Libyan Dispute in Sight
Oil prices settled nearly 5% down on Tuesday at their...
Oil prices settled nearly 5% down on Tuesday at their lowest levels in nearly nine months on signs of a deal to resolve a dispute that has halted Libyan crude production and exports.
Brent crude futures closed down $3.77, or 4.9%, at $73.75 a barrel, their lowest level since Dec. 12. West Texas Intermediate crude futures (WTI) , which did not settle on Monday because of the U.S. Labor Day holiday, fell $3.21, or 4.4%, to $70.34 - also their lowest since December.
Brent closed down 0.3% last week, while WTI settled 1.7% lower.
Libya's legislative bodies have agreed to appoint a new central bank governor within 30 days after U.N.-sponsored talks, a statement signed by representatives of those bodies said on Tuesday.
Dow ends over 600 points lower as stocks suffer worst day since early August
U.S. stocks finished sharply lower on Tuesday, kicking...
U.S. stocks finished sharply lower on Tuesday, kicking off a historically tough month for the market. Investors assessed weak manufacturing data that reignited concerns over an economic slowdown.
According to preliminary data from FactSet, the Dow Jones Industrial Average fell 1.5% to end near 40,936.
The S&P 500 was off 2.1% to finish around 5,529.
The Nasdaq Composite tumbled 3.3%, ending near 17,136.
The three benchmark indexes suffered their worst day since the Aug. 5 market meltdown.
