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Saudi Aramco signed a long-term supply deal with Commonwealth LNG, Reuters has reported, citing unnamed sources in the know. The size of the annual shipments will be 1 million tons.The Cameron, Louisiana, facility will have a nameplate annual capacity of 9.5 million tons of liquefied gas. Originally, the plant was supposed to be up and running by 2027, but the developer said last year it would have to delay the start date to 2031.The company blamed the temporary ban on new liquefied natural gas capacity that the Biden administration imposed on the industry in its final year, following a report…
The pressure has pushed India’s refining sector to reduce dependence on discounted Russian feedstock. India’s buying of Russian crude is likely to stabilize or even decline this month, leaving more cargoes from the OPEC+ producer stranded and pushing the world’s third-largest oil importer to look to pricier alternatives.Ship-tracking data and people familiar with the matter point to a dip that would come after imports fell in December to a three-year low. That was a third below their peak in June.The Trump administration has attacked India for months over purchases of oil that Washington says are supporting President Vladimir Putin’s war…
MidOcean Energy LLC, a liquefied natural gas company founded by EIG, is in talks to join Argentina’s signature LNG venture, according to people familiar with the matter. The $20 billion project led by state-run YPF SA and Italy’s Eni SpA envisages construction of at least two floating liquefaction vessels with annual capacity for 12 million tons off Argentina’s Atlantic coast. YPF executives have ambitions to incorporate a third vessel. Talks are at an early stage and MidOcean may yet walk away from the project known as Argentina LNG, said the people, who asked not to be named because the information…
Marc Benioff shared what he thinks is the darkest aspect of AI.On an episode of the “TBPN” show streamed on Wednesday, the Salesforce CEO said that he couldn’t “believe what he was watching” when he saw a “60 Minutes” documentary on chatbot-building startup Character.AI and its impact on children.”We don’t know how these models work. And to see how it was working with these children, and then the kids ended up taking their lives,” he said, “That’s the worst thing I’ve ever seen in my life.”Character.AI allows users to build custom chatbots that can emulate the behaviour of a close friend or…
Marc Benioff shared what he thinks is the darkest aspect of AI.On an episode of the “TBPN” show streamed on Wednesday, the Salesforce CEO said that he couldn’t “believe what he was watching” when he saw a “60 Minutes” documentary on chatbot-building startup Character.AI and its impact on children.”We don’t know how these models work. And to see how it was working with these children, and then the kids ended up taking their lives,” he said, “That’s the worst thing I’ve ever seen in my life.”Character.AI allows users to build custom chatbots that can emulate the behaviour of a close friend or…
Oil prices fell sharply in early Asian trade on Thursday, with both major crude benchmarks retreating by around 3 percent as markets reacted to comments from U.S. President Donald Trump that appeared to lessen the likelihood of an imminent U.S. military strike on Iran.At the time of writing, WTI crude was down $1.86, or 3.00 percent, at $60.16 per barrel, while Brent crude stood at $64.57, down $1.95, or 2.93 percent on the day. This drop in prices represents a significant reversal from earlier in the week when geopolitical risk sent prices climbing aggressively.Trump’s claim that he had been told…
Oil major BP expects significant impairments. The company is shifting focus back to oil and gas. This move aims to boost returns under new leadership. Oil major BP expects to book $4 billion to $5 billion in fourth-quarter impairments, mainly tied to its low-carbon energy businesses, as it redirects spending to oil and gas to boost returns under new leadership including Chair Albert Manifold. The British company said in a trading statement on Wednesday ahead of results on February 10 that the impairments are excluded from underlying replacement cost profit, its version of net income. A spokesperson declined to say…
A S Sahney, Chairman, IndianOil.Indian Oil Corporation (IOC) is aiming to strengthen its non-fuel business and targeting an increase in the share of revenue from gas, petrochemicals, lubricants and renewables to 20-30 per cent by 2030, up from around 10 per cent now, said chairman AS Sahney. In an interview to Sanjeev Choudhary, he said this shift would expand the non-fuel business to ₹2-3 lakh crore from about ₹70,000 crore at present.Asked about the unease in parts of the organisation over cost cuts, Sahney said the tightening was aimed at trimming excesses, not essentials, and the cost-discipline drive had already…
Thomas Trutschel/Photothek via Getty Images 2026-01-15T01:17:33.978Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Grok will no longer be allowed to create AI photos of real people in sexualized or revealing clothing, after widespread global backlash.”We have implemented technological measures to prevent the Grok account from allowing the editing of images of real people in revealing clothing such…
On October 3, Irem Sumer signed a document that team leaders of nerdy crews worldwide dream of inking: a term sheet that raised $30 million in Series A funding for her Istanbul-based game company, Talemonster Games.Less than 24 hours later, Sumer, the startup’s CEO, was signing another important document — her marriage license.”It was the most chaotic two weeks of my life,” Sumer told Business Insider, adding that at one point, she told her then-fiancé that wedding planning would be left to him, and she’d just show up to get married.That day in October capped off two years of work…