News Powered By AI
News Powered By AI
The U.S. is consolidating influence in Iraq’s oil sector as American companies secure major deals, countering Russian and Chinese positions amid Iraq’s plans to increase production significantly.
Major oil companies including Eni, Equinor, Chevron, and Shell are investing billions in nuclear fusion technology, with private investment hitting record levels as the sector transitions from research to commercialization.
The National Laboratory of the Rockies and the University of Minnesota’s Natural Resources Research Institute have launched a joint initiative to demonstrate critical mineral processing technologies at industrial scale.
Five states are leading energy storage deployment to strengthen grid reliability and manage rising electricity demand, with California, Nevada, Illinois, Virginia, and Massachusetts serving as models for policymakers nationwide.
Shell’s net profit more than doubled to $9.8bn in the second quarter as global oil and gas prices surged following Middle East disruptions, marking its second-highest quarterly earnings on record.
BP’s chief executive urged the UK government to prioritize domestic oil and gas production even as the company prepares to exit its North Sea operations after 60 years, citing job creation and tax revenue benefits.
