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Unit Corporation has completed the sale of its wholly owned subsidiary, Unit Drilling Company, to Cactus Drilling Company L.L.C. in an all-cash transaction valued at $120 million.  “Divesting our contract drilling business allows us to sharpen our strategic focus on our upstream operations, where we see significant opportunities to create long-term value,” said Phil Frohlich, Unit’s CEO. “We remain committed to disciplined capital allocation, returning cash to shareholders through our dividend program, and pursuing attractive drilling prospects that complement our existing portfolio.” Unit said the sale reflects its plan to sharpen focus on upstream oil and gas operations,…

When Apple pulled ICEBlock off its app store Thursday, it wasn’t just taking down a controversial app.It was showing Americans what the rest of the world already knows: A handful of huge tech companies control the choke points of modern life — and when governments lean on Big Tech, they can use those choke points themselves.For years, this was a mostly theoretical problem, or at worst, a developer gripe about App Store fees. The stakes were commercial, not civic.But in 2025, the US government has twice pressed tech gatekeepers into service — first with TikTok, now with ICEBlock — and…

Oil prices saw a small recovery on Friday morning after a continued selloff this week.Friday, October 3, 2025An 8% weekly loss is a rare occurrence in oil markets, especially if it comes on the back of five straight daily declines. Even though Friday’s trading has shown a marginal recovery with ICE Brent edging closer to $65 per barrel, however it seems that Sunday’s OPEC+ meeting could prompt further price declines in case members agree to expedited production unwinding. Amidst a US government shutdown and record year-to-date high OPEC+ crude exports in September, bearishness is gradually becoming the mainstream sentiment. OPEC+ Demands…

Charging an electric vehicle.Tashdique Mehtaj Ahmed | Moment | Getty ImagesThe price of used electric vehicles has come down to levels comparable with gasoline cars, a dynamic poised to boost their popularity despite the loss of a federal tax incentive for EVs, according to auto analysts.In August, the price premium for used EVs relative to used vehicles with a gasoline engine narrowed to just $897, on average, the smallest price gap on record, according to Cox Automotive.The average list price for used EVs was $34,704 in August, down 1.1% from July and 2.6% from a year earlier, it found.This price…

Microsoft signs three new 20-year solar power purchase agreements with Shizen Energy, securing 100 MW of capacity in Japan. Projects in Kyushu and Chugoku will support the tech company’s local data centers as Japan accelerates its renewable energy buildout. The deals advance Microsoft’s 2025 renewable energy and 2030 carbon-negative goals while reinforcing corporate demand in Japan’s power market. Microsoft has expanded its renewable energy footprint in Japan, signing three new solar power purchase agreements (PPAs) with Shizen Energy that bring its total commitment with the developer to 100 megawatts. The agreements, each structured as 20-year contracts, cover projects located in…

First Irish market study linking advertising effectiveness with reduced campaign emissions. Backed by Ireland’s leading agencies and trade bodies, aligned with global Ad Net Zero framework. Offers localised data to guide agencies, brands, and media owners in low-carbon media planning. Dublin Report Targets Advertising’s Climate Footprint Ireland’s advertising sector has taken a collective step toward addressing its climate impact with the release of a new study that ties campaign effectiveness to reduced carbon intensity. Published under the banner of Ad Net Zero Ireland, the report seeks to provide agencies, brands, and media owners with evidence-based strategies to cut emissions from…

Shares of USA Rare Earth (NASDAQ: USAR), which looks to develop a domestic rare earth magnet supply chain, surged by 23% late on Thursday and another 14% in pre-trade on Friday after the company’s chief executive said USA Rare Earth is in “close communication” with the White House. The Trump Administration is increasingly looking to have a direct equity involvement in America’s critical minerals supply chain, in the race to close the gap with the world’s dominant holder of supply of critical metals and rare earth elements, China. Earlier this week, the Administration, via the Department of Energy, struck a deal with…

Although overshadowed so far by booming data center demand and the U.S. government’s gutting of clean energy policies, California’s rapid scaling of solar farms and battery systems may yet emerge as 2025’s most significant power story. California’s mammoth solar farms have generated more electricity than the state’s fossil fuel power plants for a record-long stretch so far in 2025, setting a new marker for energy transition progress in the United States. Topped up by batteries charged by excess solar output in the middle of the day, the swell in California’s solar-powered electricity supplies has triggered the state’s largest-ever year-over-year drop…

Nearly 150 banks once part of the UN-convened Net-Zero Banking Alliance have voted to dissolve the group amid political and market headwinds. Major US lenders, including JPMorgan Chase and Goldman Sachs, had already withdrawn following Donald Trump’s election and renewed oil and gas expansion. The alliance’s guidance on climate target-setting will remain available, but enforcement and accountability mechanisms have been dismantled. A Coalition Unravels The UN-backed Net-Zero Banking Alliance (NZBA), once the flagship coalition of global lenders committed to decarbonizing finance, has ceased operations following a membership vote. The decision closes a chapter in climate finance that began in 2021…

2025-10-03T15:00:01Z 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. OpenAI is in a special phase. It’s rolling out products and ideas at a rapid clip, and the assumption is that all these projects will work out well and disrupt existing industry players.It reminds me of the golden days of Google and Amazon, when these fast-growing companies announced new…