Month: December 2022

Three associations, the American Petroleum Institute (API), the Asociación Mexicana de Empresas de Hidrocarburos (AMEXHI) and the International Association of Oil & Gas Producers (IOGP), have strengthened their cooperation through a new memorandum of understanding. The MoU will see the trio cooperate on helping to enhance operational performance across North American natural gas and oil
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Canoo (GOEV) is accusing several former employees of “corporate espionage,” alleging they stole trade secrets to launch a rival electric vehicle company. Canoo was founded in 2017 to improve vehicle ownership with its breakthrough electric vehicles. A significant part of Canoo’s strategy revolves around its Multi-Purpose Platform (MPP), which serves as the base for its
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Tamboran Resources has drilled the Amungee 2H well in EP98 in the Beetaloo Basin, Northern Territory, Australia, to a total depth of 12,739 feet encountering significant gas shows. The well included a 4,183-foot horizontal section, placed in the most prospective zone within the Mid-Velkerri “B Shale” formation. The A2H well has been drilled and cased
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By Simon Alvarez Posted on December 26, 2022 Tesla China has shared a response addressing the reported shutdown of Gigafactory Shanghai’s production. The EV maker’s comments came amidst mainstream media reports claiming that Giga Shanghai has suspended production since Saturday.  Over the weekend, Reuters noted that Gigafactory Shanghai had canceled its morning shift. The publication also claimed
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Seadrill Limited has signed a deal to acquire Aquadrill in an all-stock transaction worth $985 million. Upon completion of the transaction, Seadrill shareholders and Aquadrill unitholders will own 62 percent and 38 percent, respectively, of the outstanding common shares in the company. The combination creates an industry-leading offshore drilling company, with a modern and high-specification
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By William Johnson Posted on December 23, 2022 A Ford F150 Lightning and a Kia Niro EV are being used to power a dealership in Northern California after a recent earthquake. After a significant earthquake damaged and disrupted infrastructure in Northern California earlier this week, electric vehicles with vehicle-to-load technology were brought to supplement power
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Investors with combined assets of $1.4 trillion have demanded the world’s biggest oil companies take swifter action to cut greenhouse gas emissions. This year has seen record profits for Big Oil as countries emerged from Covid lockdowns, boosting energy consumption and prices as supplies tightened. The companies bolstered shareholder payouts in response. Many investors have in
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