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Chevron Corp. and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member looks to oil majors to help ramp up production to a record. Eni SpA and Exxon Mobil Corp. are also among the 37 companies that have lodged interest, with contracts due to be signed with successful bidders by the end of 2025, National Oil Corp Chairman Massoud Seliman said in an interview in the capital, Tripoli.  “Almost all well-known international companies” are vying for the 22 offshore and onshore blocks, he said. Foreign firms…

Jaque Silva | Nurphoto | Getty ImagesOpenAI is distancing itself from Robinhood’s latest crypto push after the trading platform began offering tokenized shares of OpenAI and SpaceX to users in Europe.”These ‘OpenAI tokens’ are not OpenAI equity,” OpenAI wrote on X. “We did not partner with Robinhood, were not involved in this, and do not endorse it.”The company said that “any transfer of OpenAI equity requires our approval — we did not approve any transfer,” and warned users to “please be careful.”Robinhood announced the launch Monday from Cannes, France, as part of a broader product showcase focused on tokenized equities,…

Oil climbed in light pre-holiday trading after US President Donald Trump said he had reached a trade deal with Vietnam. West Texas Intermediate rose 3.1% to settle above $67 a barrel after Trump said he had reached a pact with the Southeast Asian nation that eliminated the nation’s import tariff on US goods. The deal is the third announced following agreements with the major trade partners UK and China, with investors pricing in a tentative optimism that more will be reached ahead of a July 9 deadline. Oil’s jump was probably amplified by low liquidity ahead of Friday’s July Fourth…

(World Oil)– Chevron Corp. and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member looks to oil majors to help ramp up production to a record. Eni SpA and Exxon Mobil Corp. are also among the 37 companies that have lodged interest, with contracts due to be signed with successful bidders by the end of 2025, National Oil Corp Chairman Massoud Seliman said in an interview in the capital, Tripoli. “Almost all well-known international companies” are vying for the 22 offshore and onshore blocks, he said.…

DNO ASA entered into an offtake agreement with France’s ENGIE SA for DNO’s Norwegian gas production and secured a related offtake financing facility with a major U.S. bank for up to $500 million.  The offtake agreement covers the entirety of DNO’s Norwegian gas production post acquisition of Sval Energi Group AS, offers premium pricing and has a tenor of four years as from 1 October 2025. Related to the agreement, DNO has entered into an offtake financing facility with a U.S. bank for up to $500 million (USD). Under the facility, DNO is paid, by the bank, the…

(Bloomberg) – U.S. shale executives expect to drill significantly fewer wells this year than planned at the start of 2025, as lower oil prices and uncertainty around President Donald Trump’s tariffs hurt profits, according to a Federal Reserve Bank of Dallas survey.  Almost half of oil executives said they expect to drill fewer wells in 2025 than planned at the start of the year, according to second-quarter survey results released Wednesday. For “large” exploration and production firms — producing 10,000 bpd or more — 42% said they expected a significant decrease in the number of wells drilled. Most…

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The signing of the Abraham Accords during the first term of President Donald Trump marked a turning … More point in America’s Middle Eastern Policy as well as regional prospects.Getty Images U.S. President Donald Trump’s teasing about the possibility of more countries joining the Abraham Accords, as he did in June, may be one of the most important developments (so far) from the U.S.-Israeli-Iranian war. While Cassandras prophesied the conflict would destabilize the Middle East, it may have instead encouraged more cooperation between Israel and Mulsim nations, the underlying principle of the accords. If that trend continues, it could lead…

TikTok began notifying some e-commerce workers on Wednesday that their roles were cut as part of “organizational and personnel changes,” according to two current employees and an internal email viewed by Business Insider.HR will help affected workers through the next steps around the “difficult news,” and there is “no need to come to the office” as they work through the transition, according to the email.The cuts are hitting Shop staff across various parts of TikTok and ByteDance’s global e-commerce division, including moderation workers, product team members, and staff who work with creators and sellers, the employees said. BI wasn’t able…

(Bloomberg) – Mozambican President Daniel Chapo said his government and private companies will have to collectively ensure the necessary security is in place to enable TotalEnergies to restart construction of a $20 billion gas project that has stalled due to a militant insurgency — and even then risks will remain.  The project in the northern Cabo Delgado province along with others that are at earlier stages of development are seen as crucial to the future of the southern African nation, which ranks among the world’s poorest. The French oil major halted work, evacuated workers and declared force majeure…