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Trump says US will lift steel tariffs to 50 percent at Pennsylvania rally | Donald Trump News
United States President Donald Trump has announced his administration is raising tariffs on steel imports from 25 percent to 50 percent. Speaking to steelworkers and supporters at a rally outside Pittsburgh, Pennsylvania, Trump framed his latest tariff increase as a boon to the domestic manufacturing industry. “We’re going to bring it from 25 percent to 50 percent, the tariffs on steel into the United States of America, which will even further secure the steel industry in the United States,” Trump told the crowd. “Nobody’s going to get around that.” How that tariff increase would affect the free-trade deal with Canada…
Drilling waste specialist TWMA reports good quarter, due to utilization of RotoMill technology
Specialist drilling waste management company, TWMA*, has published its first quarter results for 2025, including revenue of $16.4million and EBITDA of $4.1m. The results follow a period of progress on key Group strategic initiatives, positioning TWMA for future expansion. TWMA’s RotoMill technology Contributing to 67% utilization of TWMA’s RotoMill** fleet, UAE operations have continued to expand. Key successes include a one-plus one-year contract extension for the ‘Upper Zakum’ project’ and a new call-off to provide drilling waste management services to an additional new island on the ‘Lower Zakum’ field. Additionally, construction of the world’s largest onshore processing facility…
Hester Peirce, commissioner of the US Securities and Exchange Commission (SEC), speaks during the DC Blockchain Summit in Washington, D.C., on Tuesday, May 24, 2022.Valerie Plesch | Bloomberg | Getty ImagesLAS VEGAS — Now that the SEC is out of the business of regulating meme coins, investors shouldn’t expect any guidance on $TRUMP, according to Hester Peirce, one of the agency’s veteran commissioners.The SEC said in February that it does not deem most meme coins securities under U.S. federal law. That took the crypto tokens out of its purview just weeks after President Donald Trump launched his own meme coin…
Bitcoin 2025 brought together thousands of investors, builders, and believers for a showcase of crypto’s next chapter.MacKenzie SigalosLAS VEGAS — At the world’s largest bitcoin conference this week on the Vegas Strip, the most consequential story wasn’t about bitcoin.Stablecoins, the dollar-pegged digital tokens now driving a full-scale financial and political shift in Washington, stole the show.The momentum behind stablecoin legislation and crypto market reform is accelerating — and it’s attracting a new kind of donor, investor, and voter. That shift took center stage at Bitcoin 2025 in Las Vegas.Vice President JD Vance became the first sitting U.S. vice president to…
(Oil Price) – Crude oil and natural gas investments in Colombia could rise to $4.68 billion this year, from $4.33 billion in 2024, the country’s oil and gas industry association said, adding that this will not lead to higher production. “Today more investment is required to produce the same amount of oil, due to the natural depletion of the fields and the complexity of the operating environment,” the president of the Colombian Oil and Gas Association said, as quoted by Reuters. Of this total, the bulk, or $3.94 billion, would be spent on production, with the remainder of $740 million channeled into exploration.…
Elon Musk is no stranger to rolling with the punches — and a recent one apparently landed.Musk was sporting a black eye while standing next to President Donald Trump in the Oval Office on Friday.The bruise was visible beneath his DOGE hat, and the Tesla CEO was eventually asked about what happened.”I was just horsing around with Little X and I said, ‘Go ahead, punch me in the face,'” Musk told reporters.”And he did. It turns out that even a five-year-old punching you in the face,” Musk said before Trump interjected.”If you knew X, X could do it,” the president…
US implements emergency permitting procedures to speed geothermal energy development – Oil & Gas 360
(Investing) – WASHINGTON – The U.S. Department of the Interior said on Friday it was implementing emergency permitting procedures to accelerate reviews of geothermal energy development projects. The projects that will be fast-tracked include three in Nevada led by Ormat, which received funding in 2020 during the first Trump administration for research and development. “Geothermal energy is a reliable energy source that can power critical infrastructure for national security and help advance energy independence,” Interior Secretary Doug Burgum said. “We’re fast-tracking reliable energy projects while strengthening national security and supporting American workers.” The Trump administration declared an “energy emergency” in President…
Tejon Treating and Carbon Solutions LLC has finalized the Phase 2 expansion of its Mongoose amine treating plant and associated gas gathering network to accommodate rising production of sour gas by third-party producers in the Midland basin of the West Texas Permian (OGJ Online, Feb. 12, 2024). Completed as of May 29, the Phase 2 expansion included increasing capacity of the Mongoose amine treatment plant in Westbrook, Mitchell County, Tex., by 53 MMcfd from its Phase 1 capacity of 17 MMcfd, Tejon said. As part of the expansion project, Tejon confirmed it also added multiple downstream delivery points, including connection…
Taiwan will send a delegation to a summit in Alaska to discuss procuring liquefied natural gas from a long-delayed project championed by US President Donald Trump. “We already got the invitation” from the US, Taiwan’s Deputy Foreign Minister Chen Ming-chi said in an interview with Bloomberg News on Thursday, referring the Alaska Sustainable Energy Conference from June 3 to 5. A high-ranking official will lead the delegation, he said. Taiwan is interested in purchasing LNG from the US project, as well as investing in the necessary pipeline and related infrastructure for the facility, Chen said. He declined to disclose the officials who…
EOG Resources today announced a definitive agreement to acquire Encino Acquisition Partners (EAP) for $5.6 billion. The deal positions EOG as a leading Utica E&P company, adding 675,000 net acres for a combined 1,100,000 acres, and representing more than two billion barrels of oil equivalent (boe) of undeveloped resource. “This acquisition combines large, premier acreage positions in the Utica, creating a third foundational play for EOG alongside our Delaware Basin and Eagle Ford assets,” said Ezra Y. Yacob, Chairman and Chief Executive Officer of EOG. “Encino’s acreage improves the quality and depth of our Utica position, expanding EOG’s multi-basin portfolio to more than 12 billion…