Author: omc_admin
(Bloomberg) — Centrica Plc signed a 10-year agreement to buy natural gas from Devon Energy Corp. to help expand its activities across the Atlantic. Centrica Energy, its trading arm, will receive 50,000 million British thermal units (MMBtu) per day of natural gas from 2028, or the equivalent of five liquefied natural gas cargoes per year, according to a statement on Friday. The volumes will be indexed to TTF, the European benchmark price. The deal expands Centrica’s global gas business after the recent announcement of a New York office. The agreement will also help the firm to manage the…
2025-08-15T17:20:40Z 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. Tech job postings have plunged 35% since early 2020, with some roles seeing radically lower demand. The decline began post-pandemic and continued after ChatGPT’s release in late 2022. AI and machine learning roles are in demand, while junior positions require more experience. Tech hiring has fallen dramatically in recent…
By Julianne Geiger – Aug 15, 2025, 12:10 PM CDT The total number of active drilling rigs for oil and gas in the United States stayed the same this week, according to new data that Baker Hughes published on Friday.The total rig count in the US stayed at 539, according to Baker Hughes, down 47 from this same time last year. The rig count is still near four-year lows.The number of oil rigs, however, rose by 1 for the second week in a row to 412, although year over year this represents a 71-rig decline. The number of gas rigs…
From the moment he became de facto head of the Department of Government Efficiency, Elon Musk seemed intent on carving up the federal bureaucracy like a Thanksgiving turkey. Thousands of federal employees were laid off, entire departments folded, and contracts worth billions of dollars were scrapped.That mayhem created a lucrative opening for one startup.In the first half of this year, Legalist, a San Francisco lender founded by one of tech billionaire Peter Thiel’s fellows, extended more than $100 million to dozens of government contractors scrambling for cash. Founder Eva Shang says that’s about twice what it deployed in the three…
Jordan and Israel have suffered through their hottest nights on record, with nocturnal temperatures in the Levant well above levels that scientists consider “hellish”.Temperatures on Monday night did not go below 35C (95F) in Ghor es-Safi and Aqaba in Jordan, while in the capital, Amman, they stayed above 31.8C.In Israel, meteorologists reported a record-breaking nighttime minimum on Tuesday night of 36C in Sedom.“It’s like you’re walking in a sauna,” said Fayha al-Shibli, a climate scientist at the University of Jordan, who lives in Amman.Doctors fret about hot nights because they compound the damage done by heatwaves, preventing worn-out bodies from…
Ukraine’s drone campaign against Russian energy assets has taken out another major target—this time Lukoil’s Volgograd refinery, one of the ten largest in the country, forcing a halt to crude intake.According to regional officials, Thursday’s strike sent falling debris onto oil product storage, sparking a fire that burned for 19 hours before being contained. The 300,000 bpd facility, a key supplier to southern Russia with some exports, has been hit multiple times this year. Lukoil has yet to comment.The attack comes amid a flurry of Ukrainian strikes on Russian refineries and energy infrastructure in the past week, as Vladimir Putin…
(Bloomberg) — Centrica Plc signed a 10-year agreement to buy natural gas from Devon Energy Corp. to help expand its activities across the Atlantic. Centrica Energy, its trading arm, will receive 50,000 million British thermal units (MMBtu) per day of natural gas from 2028, or the equivalent of five liquefied natural gas cargoes per year, according to a statement on Friday. The volumes will be indexed to TTF, the European benchmark price. The deal expands Centrica’s global gas business after the recent announcement of a New York office. The agreement will also help the firm to manage the…
A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the Israeli northern coastal city of Caesarea on December 19, 2019. – Israel has approved the export of gas from its offshore reserves to Egypt, a spokeswoman said on December 17, with a major reservoir expected to begin operations imminently. The approval by Energy Minister Yuval Steinitz was part of a long process under which Israel will transform from an importer of natural gas from Egypt into an exporter and potential regional energy player. (Photo by JACK GUEZ / AFP) (Photo by…
A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the Israeli northern coastal city of Caesarea on December 19, 2019. – Israel has approved the export of gas from its offshore reserves to Egypt, a spokeswoman said on December 17, with a major reservoir expected to begin operations imminently. The approval by Energy Minister Yuval Steinitz was part of a long process under which Israel will transform from an importer of natural gas from Egypt into an exporter and potential regional energy player. (Photo by JACK GUEZ / AFP) (Photo by…
Intel’s underlying problems won’t be solved by the U.S. government purchasing an equity stake in the struggling chipmaker, Bernstein warned clients in a note published Friday. The Trump administration is in talks with Intel to buy a stake in the company in order to help fund a delayed manufacturing hub in Ohio, people familiar with the plan told Bloomberg News . It is the latest example of President Donald Trump’s interest in building government-backed national champions in strategic industries, in a stark departure from the free-market orthodoxy of previous administrations. Investors welcomed the prospect of government intervention with Intel’s stock…