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(Oil & Gas 360) – Join us as we celebrate three decades of bringing together the energy industry’s companies, investors, analysts, and industry leaders!  Investors are encouraged to register for EnerCom Denver – The Energy Investment Conference featuring a broad group of public and private energy companies at www.enercomdenver.com  The 30th annual EnerCom Denver – The Energy Investment Conference to be held August 17-20, 2025, at the Westin Denver Downtown. Come celebrate as EnerCom once again hosts the broader energy sector, including public and private companies, investors, analysts, and industry leaders. Institutional investors, family offices, portfolio managers, financial analysts, CIOs, and other…

The world’s wealthiest 10% are responsible for two-thirds of global heating since 1990, driving droughts and heatwaves in the poorest parts of the world, according to a study.While researchers have previously shown that higher income groups emit disproportionately large amounts of greenhouse gases, the latest survey is the first to try to pin down how that inequality translates into responsibility for climate breakdown. It offers a powerful argument for climate finance and wealth taxes by attempting to give an evidential basis for how many people in the developed world – including more than 50% of full-time employees in the UK…

2025-05-07T09:00:02Z Share Facebook Email X LinkedIn Copy link 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. Artificial intelligence is helping startups do more with less. Some founders are using AI to keep extremely lean teams while supercharging their business growth. These 10 AI startups have hit billion-dollar valuations with 50 employees or fewer. The advent of AI has enabled startups to do more with less, prompting some founders…

Forget those 700 Facebook friends you’ve largely neglected since college. In Mark Zuckerberg’s latest vision for the future, we’ll be filling our empty hours chatting away with our generative AI buddies. In an era when people spend more time alone than ever before, Meta’s CEO is preaching not just about the power of his company to connect us to one another — but also about luring our attention to new, fake friends.In an interview last week with the tech podcaster Dwarkesh Patel, Zuckerberg spoke about ways AI could make social media more interactive, including turning AI chatbots into friends for…

In an oil and gas report sent to Rigzone late Monday by the Macquarie team, Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be up by 2.4 million barrels for the week ending May 2. “This compares to our early look which anticipated a 5.2 million barrel build,” the strategists said in the report. “On the product side of the ledger, in aggregate, our expectations are also revised tighter for this week,” they added. In the report, the strategists noted that, “for this week’s crude balance, from refineries”, they “model crude runs modestly lower (-0.2 million…

US Treasury Secretary Scott Bessent says Washington does not wish to decouple from China but wants ‘fair trade’.The United States and China will hold trade talks in Switzerland this week, officials have said, as the world’s two largest economies seek to de-escalate tensions that have led to a de facto mutual trade embargo. The talks would be the first official engagement between Washington and Beijing on trade since US President Donald Trump slapped a 145 percent tariff on Chinese goods, prompting a retaliatory 125 percent duty from China. US Secretary of the Treasury Scott Bessent and US Trade Representative Jamieson…

Iberdrola SA has reported EUR 12.86 billion ($14.62 billion) in revenue for the first quarter (Q1), up 1.5 percent from the same three-month period last year. However, net profit fell to EUR 2 billion, or EUR 0,302 per share – compared to EUR 2.76 billion for Q1 2025. Earnings before interest, taxes, depreciation and amortization (EBITDA) dropped from EUR 5.86 billion for Q1 2024 to EUR 4.64 billion for Q1 2025. “Excluding the capital gains from the divestment of thermal generation assets in the first quarter of 2024, net profit increased by 26 percent and EBITDA increased by 12 percent”, the…

Uniper SE on Tuesday reported EUR 82 million ($93.2 million) in net income for the first quarter (Q1), down about 83 percent from Q1 2024. Adjusted for non-operating impacts, the bottom line is a net loss of EUR 143 million, compared to EUR 581 million in net profit for Q1 2024. However, sales rose from EUR 17.98 billion for Q1 2024 to EUR 21.26 billion for Q1 2025. The Green Generation segment generated EUR 246 million in adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the January-March 2025 period, down from EUR 278 million for Q1 2024. “The…

Africa’s biggest liquefied natural gas plant, whose operations have been hobbled by fuel theft, is set to see gas supplies jump once a deal with Seplat Energy goes into effect, an executive said. Under the terms of a preliminary agreement, Seplat will send more than 150,000 tons of gas a month to the Nigeria LNG Ltd. plant, said Effiong Okon, who heads a Seplat subsidiary that operates a key gas project north of the facility. That’s more than 12 percent higher than last year’s monthly average. Such an increase would be a major boost to the plant, which has seen its…

ADVERTISEMENTUrsula von der Leyen has ruled out, in no uncertain terms, the possibility of resuming purchases of Russian fossil fuels after the conclusion of the war in Ukraine, warning that doing so would represent a “mistake of historic dimensions” for Europe.”To be very clear: the era of Russian fossil fuels in Europe is coming to an end,” the president of the European Commission said on Wednesday morning as she addressed lawmakers in Strasbourg.Her categorical refusal comes amid Donald Trump’s push to strike a peace deal between Russia and Ukraine, an effort that has seen the White House embrace many of…