Siemens Acquires Tech Firm Altair Engineering in Deal Worth $10.6B
Siemens has closed an acquisition of Altair Engineering, strengthening its industrial AI, digital twin and high-performance computing offerings.
COMMENTARY: Welcome to the Age of Big Oil’s Managed Decline
By Ron Bousso Oil majors cut spending, boost shareholder returns amid uncertainty Exxon Mobil bucks trend with increased spending, production plans Peak demand narrative persists despite geopolitical energy shocks LONDON, March 26 – Top oil and gas companies are losing confidence in the outlook for their core businesses. Recent strategy updates by leading European and …
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Aramco Secures 50% Stake in Blue Hydrogen Industrial Gases
Aramco and Blue Hydrogen are expected to combine their operations to produce hydrogen from Aramco’s carbon capture and storage operations in Jubail, Saudi Arabia.
Fossil Fuel, Agriculture Officials to Rail Against Trump Port Fee Plan
By Valerie Volcovici and Lisa Baertlein US industries oppose $3 million fees on China-linked ships US shipping fees on China vessels face industry backlash China-linked ship fees spark US industry concerns WASHINGTON, March 26 (Reuters) – Fossil fuel and agriculture industry representatives are expected to criticize the Trump administration’s plan to impose big fees on …
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Kremlin Praises its Talks With US After Deals are Announced
(Reuters) – The Kremlin said on Wednesday that Moscow was continuing its intensive contacts with the U.S. and was pleased with how talks with Washington had gone so far after the United States said it had reached separate deals with Ukraine and Russia. The United States reached separate deals on Tuesday with Ukraine and Russia …
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Phillips 66 to Propose New Board Members Amid Elliott Battle, WSJ Reports
(Reuters) – Phillips 66 is expected to nominate two new directors to its board as the proxy fight with activist Elliott Investment Management intensifies, the Wall Street Journal reported on Wednesday citing people familiar with the matter. The refiner is set to disclose four nominees, including the two new ones, in its proxy materials Wednesday …
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NatGas Positioned in a ‘Goldilocks’ Zone to Power Data Centers
On-site power generation near natural gas production is the tech sector’s ‘just right’ Goldilocks solution for immediate power needs.
Shell CEO Says Pursuing Major Deal Risks Being a Distraction
Shell CEO Wael Sawan says the company will continue to look for potential acquisitions, but warns of the risks of pursuing a major deal. Summary by Bloomberg AI Sawan expects smaller-scale, bolt-on acquisitions centered around upstream production, and says the company is always looking at dealmaking prospects in Europe and beyond. Summary by Bloomberg AI …
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Mizuho Cuts EOG Resources to ‘Neutral’ on Inventory, Margin Worries
Mizuho cuts EOG Resources to “neutral” from “outperform”, PT by $8 to $140, still a 9.2% upside to last close Says a key concerns is depth and quality of EOG’s remaining shale inventory, esp in oil-focused basins like Delaware, Eagle Ford Adds cash margins per barrel seems to be declining due to higher cash taxes, …
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US Power Firms Lift Coal Pollution to Protect Profits So Far in 2025
U.S. power producers emitted over 304 million metric tons of carbon dioxide (CO2) from power generation over the first two months of 2025, which was the highest for that period since 2019, according to data from energy think tank Ember. The emissions tally marked a 9% rise from the same period last year and was …
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