U.S. fossil fuel production reached record levels under Biden, driven by global demand and geopolitical shifts. Learn about the surprising growth and its impact on the industry.
Victor Adetimilehin
Victor Adetimilehin
Victor Adetimilehin, widely known as Vic’Adex, is a celebrated global arts in medicine fellow and a staunch ambassador for religious tolerance. Beyond his institutional affiliations, Victor is an incredibly passionate and award-winning spoken word artiste, most notably recognized for his stirring poem, "men not gods." A fervent supporter of pan-Africanism, he actively champions and bolsters Nigerian creative hubs, fostering an environment of artistic growth and cultural exchange. Victor's dedication to the arts and peace advocacy positions him as a vital influencer in bridging cultural gaps.
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The US government is investing $1.5 billion to fund four power grid projects aimed at increasing resilience and clean energy integration across multiple regions. Â
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Shares of U.S. energy companies surged Wednesday as oil prices rose 3 percent following increased tensions in the Middle East, affecting market stability.
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ADNOC acquires Covestro in a €14.7 billion deal to expand into petrochemicals and green energy, marking a significant foreign investment by a Gulf state.
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U.S. oil giants Exxon, Chevron, and ConocoPhillips disclosed they paid over $42 billion to foreign governments in 2023, significantly more than what they paid in the U.S., according to new SEC requirements.
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Gregory Goff, an Exxon director, is leading Amber Energy in a $7.28 billion bid to acquire Citgo Petroleum, aiming to expand its refining and distribution presence in the U.S.
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U.S. drillers cut the number of oil and gas rigs for the second consecutive week, bringing the total rig count to its lowest since early September, as companies focus on debt reduction amid lower energy prices.
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Eni is in final negotiations with KKR to sell a 20% stake in its biofuel unit, Enilive, while other investors like Stonepeak have expressed interest in acquiring a second stake in the growing business.
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Sam Altman-backed Oklo has secured a site inspection deal with the DOE for its proposed nuclear reactor in Idaho, a key step in its plans to build the facility by 2027.
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OPEC has raised its long-term oil demand forecast, predicting that global demand will reach 120.1 million barrels per day by 2050, driven by growth in developing economies.