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A long-anticipated deal just became a market signal: BlackRock’s Global Infrastructure Partners is preparing to buy 49.99% of Eni’s carbon capture arm at a valuation of around €1 billion ($1.2 billion), according to sources familiar with the negotiations. That figure, revealed for the first time this week, isn’t just a price tag—it’s a fresh marker for how the world’s largest asset manager sees the future of decarbonization infrastructure. In a sector still viewed with skepticism over costs and scalability, the number lands like a vote of confidence—and a challenge to competitors still sitting on the fence.For Eni, the deal fits…
2025-07-17T17:54:01Z 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. Another AI companion is coming to Elon Musk’s Grok chatbot. The companion is inspired by “Twilight” and “50 Shades of Grey,” Musk said. Grok already has two companions: an anime girl named Ani and a vulgar red panda named Rudi. Elon Musk says his Grok AI chatbot is getting another companion, and…
A lot can happen in a year at OpenAI.Calvin French-Owen, a former member of OpenAI’s technical staff who helped launch a series of AI coding tools called Codex, published a lengthy blog post on Tuesday that detailed what happened to him in his year at the company.His blog offers a rare, first-person account of everyday life at OpenAI — insight that its string of recently departed employees haven’t provided until now.He said he left about three weeks ago after starting in May 2024. Prior to OpenAI, he was the cofounder of a customer data platform called Segment, according to his…
Indian state-owned Oil and Natural Gas Corporation Limited (ONGC), the biggest oil and gas explorer and producer in the country, is considering the construction of a new refinery with a capacity of between 200,000 barrels per day and 240,000 bpd, a source from the company told Reuters on Thursday. ONGC has undertaken a pre-feasibility study on the refinery project, which is planned to be set up at the coastal city of Jamnagar in the western Indian state Gujarat, according to the source. Jamnagar also hosts the huge refinery complex of India’s conglomerate Reliance Industries of billionaire Mukesh Ambani. India is boosting its refining…
(Bloomberg) – Chevron Corp. is on the cusp of reaching a production plateau in the largest U.S. oil field, allowing it to reap billions of dollars of additional cash flow in the next few years. The company is cutting drill rigs and frac crews in the Permian basin of Texas and New Mexico as it approaches its long-term target of producing 1 million boed in the region, Bruce Niemeyer, president of the company’s shale business, said in an interview Wednesday. New wells will mostly offset natural declines, meaning production will stay around this level through 2040, enabling Chevron…
Industrial battery units storing electricity in the desert.getty General Motors, which has poured billions of dollars into producing electric vehicle batteries at U.S. plants, is partnering with Redwood Materials to use some of its cells for stationary energy storage systems for the power grid as well as AI data centers. The Detroit-based automaker, which already supplies battery scrap materials to Redwood for recycling, plans to supply both new and used U.S.-made battery cells that Redwood will package as large stationary packs, the companies said. The move comes after Reno-based Redwood, founded by Tesla cofounder and current board member JB Straubel,…
(Investing) – LONDON – Oil prices rose on Thursday, even as global trade tensions appeared to cool, with analysts pointing to low inventories and renewed Middle East risks as factors supporting the market. Brent crude futures were up 31 cents, or around 0.5%, to $68.83 a barrel at 1203 GMT. U.S. West Texas Intermediate crude futures were up 61 cents, or 0.9%, at $66.99. U.S. President Donald Trump has said letters notifying smaller countries of their U.S. tariff rates would go out soon, and has also alluded to prospects of a deal with Beijing on illicit drugs and a possible agreement with…
EnerMech has been awarded a two-year crane operations & maintenance (O&M) contract extension to continue supporting a North Sea operator. The current agreement, which began in August 2022, will now run until at least August 2027. Charles ‘Chuck’ Davison Jr., CEO of EnerMech The additional campaign reinforces the global technical solutions specialist’s successful delivery of core crane expertise such as crane mechanics and operators, as well as all planned maintenance, reactive and breakdown support, and project work both on and offshore. “This contract extension with this North Sea operator is testament to the expertise and dedication of our…
Moeve and Zaffra Sign MOU to develop E-SAF facilities at 2GW hydrogen hub16 July 2025 ZeroAvia today announced that it has been awarded nine new patents this year so far, with many critical to the company’s roadmap for scaling hydrogen-electric engines for large regional aircraft. The company has now been granted a total of 45 patents related to hydrogen and electric aviation systems, with almost 250 applications, most of which are still going through the patent office pipelines. Also important for scaling hydrogen-electric engines for large aircraft is the delivery of fuel cell systems with higher specific power. UK patent office GB2614450…
Chrysler, Dodge, Jeep, and Citroen parent Stellantis announced that it has decided to discontinue its hydrogen fuel cell technology development program due to a lack of progress in the hydrogen market. As part of its decision, Stellantis said that it has dropped its plans to launch a new range of hydrogen-powered vehicles this year. The expansion of hydrogen fuel cell technology was a component of Stellantis’ strategic plan, Dare Forward 2030, launched by the company in 2022, including plans to reach production capacity of hydrogen-powered vans of more than 10,000 units per year by 2025. In 2023, Stellantis acquired a…