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(World Oil)– U.S. offshore oil and gas development took a major step forward this week as the Department of the Interior (DOI) unveiled a draft five-year federal leasing program that opens the door to the most expansive Outer Continental Shelf (OCS) acreage offered in more than a decade. The proposal, covering 2026–2031, includes up to 34 potential lease sales across 21 planning areas from Alaska to the Pacific and the Gulf of America. The draft program marks a sharp shift from the previous administration’s limited leasing schedule and immediately drew strong support from U.S. oil and gas trade groups, who…
The G-20 is tiptoeing around China with a sledgehammer. In a draft declaration seen by Bloomberg, leaders called for shielding the global critical-minerals value chain from “unilateral trade measures inconsistent with WTO rules”—a diplomatic way of saying: everyone noticed what China did this year. Beijing’s licensing chokehold on dysprosium, terbium, and other heavy rare earths rattled supply chains from missile makers to EV plants, and the repercussions are still rolling through the system.Over the past six months, the U.S. and its allies have sprinted to stitch together mine-to-magnet supply chains outside Chinese control. Washington is taking minority stakes in North…
Job interviews have transitioned from in-person to Zoom — and now, at least at one AI company, to Google Docs.Interviewers are finding new and inventive ways to safeguard their candidate tests from online cheating, AI, or some plain old sweet-talking. Winston Weinberg, cofounder and CEO of the AI legal tech startup Harvey, told the “Access” podcast that he uses a shared document.”Very quick writing samples, doing a written project back and forth, is very, very helpful,” Weinberg said.Weinberg said that he has interviewed candidates who are good at “presenting things,” but that they “break down” when writing out responses to…
2025-11-21T17:39:08.336Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp 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. A new Google update enabled AirDrop and Quick Share interoperability between iPhone and Android devices. Pixel 10 users can now transfer files directly to iPhones, iPads, and Macs via AirDrop. Google plans to expand this secure, peer-to-peer sharing feature to more Android devices. Another wall between iPhones and Androids…
Venezuela’s Parliament has approved a 15-year extension of the country’s oil-producing joint ventures with Russian companies, Venezuelan Vice President Delcy Rodriguez said on Telegram as the South American country doubles down on its strategic alliance with Russia. The 15-year extension now allows the joint ventures established under the strategic energy alliance between the two countries to continue operations until 2041, Rodriguez said, adding it is a crucial step toward Venezuela’s energy development. “No illegitimate blockade can overcome our energy strengths,” the Venezuelan vice president said. Venezuela’s state-owned oil firm PDVSA has joint ventures with a unit of Russian firm Roszarubezhneft that develop two…
The biggest shift in manufacturing today isn’t a new technology. It’s a new kind of buyer. What’s RelatedThe expectation now is for manufacturers to understand their buyers’ offerings, their workflows, and the urgency behind every order. They want accuracy they can rely on and visibility that removes the guesswork, and they expect the digital channel to support all of that consistently. But the real challenge isn’t knowledge. It’s the fact that this knowledge lives in separate systems, teams, and channels. In 2026, the manufacturers who win will be the ones who connect it. Buyers want confidence, not noise Today’s B2B…
(Bloomberg) – The Trump administration is eliminating Energy Department offices focused on clean energy and renewables and, instead, creating units dedicated to hydrocarbons and fusion energy. The changes are part of an agency reorganization unveiled Thursday. The plan made no mention of staffing reductions as part of the realignment, and the agency didn’t immediately respond to a request for comment. Among the units eliminated are the Office of Clean Energy Demonstrations, which under former President Joe Biden awarded billions of dollars for technologies such as carbon capture and hydrogen hubs. The Trump administration previously recommended shutting down the office and…
Investing – LONDON -Oil prices fell on Friday, extending declines for a third session as the United States pushed for a Russia-Ukraine peace deal that could swell global supply while uncertainty over interest rates curbed investors’ risk appetite. dropped by $1, or around 1.6%, to $39 a barrel by 1417 GMT. U.S. West Texas Intermediate crude (CLc1) was down around 1.9%, or $1.10, at $57.90. Both contracts are set to register declines of more than 2% for the week, erasing last week’s gains. Market sentiment turned bearish as Washington pushed for a peace plan between Ukraine and Russia to end the…
International Holding Company (IHC) of Abu Dhabi has expressed interest to the U.S. Treasury to potentially acquire the international assets of Russia’s Lukoil, the UAE conglomerate told Reuters on Friday, joining a growing number of suitors for the foreign assets of the now sanctioned second-largest oil company in Russia. IHC told Reuters in response to a query whether it had expressed interest in Lukoil’s international assets to the U.S. Treasury Department, “Yes, we have expressed interest in Lukoil’s foreign assets.” IHC did not elaborate further on the subject. The Abu Dhabi firm joins private equity giant Carlyle and U.S. oil and gas supermajors…
(Bloomberg) – Russian energy giant Lukoil PJSC dissolved the supervisory board of its international business, the latest sign of how U.S. sanctions — the first of which begin on Friday — are affecting the firm. Lukoil Iraq drilling rig As part of the dissolution, the Moscow-based firm “recalled” Sergei Kochkurov, chief executive officer of the parent company, as well as Evgeny Khavkin and Gennady Fedotov. The step, taken during an Oct. 28 board meeting, was posted by Lukoil International GmbH on Austria’s corporate register on Friday. The U.S. Treasury’s Office of Foreign Assets Control announced on Oct. 22…