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Big Oil Returns to Exploration as Reserves Dwindle

After years of upstream underinvestment and a short-lived foray into clean energy, the world’s biggest oil and gas firms are accelerating exploration efforts as they look to replenish their upstream portfolios. Executives at Big Oil have been signaling for nearly a year that they seek to boost... Далее

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Trump Media To Merge With Nuclear Fusion Startup

Last December, Trump Media & Technology Group Corp. (NYSE:DJT) entered the nuclear fusion race after it agreed to buy California-based fusion startup TAE Technologies in a $6-billion merger, creating one of the world's first publicly traded nuclear fusion companies. The merger is structured as... Далее

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Saudi Arabia Trades Oil Barrels for Batteries

As Saudi Arabia redirects more and more crude from the east to the west, where it can export it safely, oil seems to be all that everyone is watching. But not Saudi Arabia itself. In fact, the world’s second-largest oil producer and top exporter has big plans in another area: battery storage.... Далее

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China Claims Cold-Proof Battery Breakthrough That Could Double EV Range

The infamous Texas Arctic freeze of five years ago exposed a key vulnerability of electric vehicles: Many drivers were forced to abandon their vehicles after being left stranded with dead batteries and no charging station in sight. While cold weather can lower driving range by ~10%, unusually low... Далее

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US Crude Oil Inventories See Surprise 10 Million Barrel Spike

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by a staggering 10.263 million barrels in the week ending March 27. In the week prior, US crude oil inventories rose by 2.3 million barrels. Analysts had expected a draw of 1.3 million barrels in... Далее