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WASHINGTON— U.S. Secretary of Energy Chris Wright today announced that the Department of Energy in coordination with the White House Council on Environmental Quality (CEQ), the Departments of Commerce and the Interior and the U.S. Army Corps of Engineers, has officially withdrawn from the Columbia River System Memorandum of Understanding (MOU). Today’s action follows President Trump’s Memorandum directing the federal government to halt the Biden Administration’s radical Columbia River basin policy and will ensure Americans living in the Pacific Northwest can continue to rely on affordable hydropower from the Lower Snake River dams to help meet their growing power needs.”The…

Microsoft is asking some managers to evaluate employees based on how much they use AI internally, and the software giant is considering adding a metric related to this in its review process, Business Insider has learned.Julia Liuson, president of the Microsoft division responsible for developer tools such as AI coding service GitHub Copilot, recently sent an email instructing managers to evaluate employee performance based on their use of internal AI tools like this.”AI is now a fundamental part of how we work,” Liuson wrote. “Just like collaboration, data-driven thinking, and effective communication, using AI is no longer optional — it’s core…

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Now, with geopolitical risks simmering, industrial demand soaring and inflationary pressures returning, all eyes are on one key level: $50. From Consolidation to Explosion: Why H2 2025 May Be Silver’s Perfect Storm On paper, things may appear normal. But beneath the surface, the second half of 2025 is shaping up to be one of the most volatile economic stretches in recent history. From rising tensions in the Middle East to the looming expiration of Trump’s 90-day tariff pause – markets are bracing for fresh shocks. Central banks are cornered, inflationary pressures remain elevated and sovereign debt has hit unsustainable levels.…

Coterra Energy is refocusing on oil. CEO Thomas Jorden shared the company’s decision not to reduce its oil rig count at the JPMorgan Energy conference earlier this week. Here are several key takeaways for investors. 1. For starters, the move signals that Coterra has regained confidence in the direction of oil markets — and inherent in that is more confidence in the outlook for the economy. Alongside its first-quarter earnings report in early May, Coterra said it planned to shift some capital expenditures from its oil assets into natural gas production amid concerns about a potential tariff-driven recession that would…

By Julianne Geiger – Jun 27, 2025, 12:24 PM CDT The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 1-rig decrease in the week prior.The total rig count in the US fell by 7 to 547 rigs, according to Baker Hughes, down 34 from this same time last year.The number of oil rigs fell by 6 to 432 after falling by 1 during the previous week—and down by 47 compared to this time last year. The number…

Stay informed with free updatesSimply sign up to the Investments myFT Digest — delivered directly to your inbox.Buying energy stocks at the beginning of a potential energy crisis is one way to offer some protection against whatever comes next from the Middle East. Jadestone Energy could see both an operational and price upswing in the coming weeks if tensions remain high around the Strait of Hormuz. Jadestone director Gunter Waldner will certainly be hoping as much. Last week, the fund for which he is co-chief investment officer, Tyrus Capital, bought another £933,333 of shares, taking its stake in the company to 27.4…

Alberta expects to have booked a budget surplus of about US$4.2 billion (C$5.8 billion) for the fiscal year 2024-2025 that ended in March, as Nate Horner, the finance minister of Canada’s oil-producing province, prepares to deliver the year-end fiscal update later on Friday. The unexpectedly large surplus for 2024-2025 was due to higher resource royalties, RBC said earlier this year.   However, Alberta expects a large deficit of about US$3.8 billion (C$5.2 billion) for the current fiscal year 2025-2026 which began in April.  The expected deficit, which would be the first after four consecutive years of surpluses, is attributed to the U.S. trade risks…

(WO) — TotalEnergies has agreed to acquire the 25 % interest held by Moeve (formerly CEPSA) in Block 53 offshore Suriname, expanding its position in a basin the company already operates. The transaction aligns TotalEnergies with APA Corporation (45 %, operator) and Petronas (30 %) on the licence, which lies directly east of Block 58. TotalEnergies (40 %*) and partners sanctioned the GranMorgu development in Block 58 last October. Block 53 contains the Baja-1 discovery, drilled near the block border. “This acquisition brings new resources to the development of our low-cost and low-emission GranMorgu project,” said Javier Rielo, Senior Vice…

Car Online, an Iran-based campaign on social media channels, has started to call on its subscribers and followers to incite Yemenis to target facilities of Saudi oil giant Aramco, as a revenge against U.S. strikes against Iranian nuclear sites, the Foundation for Defense of Democracies (FDD) says. The Car Online channel on Telegram began its life as an Iranian social media operation, FDD researchers uncovered last week. During the so-called 12-day war between Israel and Iran, the Car Online operation was instructing followers how to create fake X accounts and use ChatGPT to translate posts from Persian into Hebrew—posts that were…