FTC Denies Sheffield Standing, May Still Reopen Pioneer-XOM Case
The Federal Trade Commission stated the decision to deny Scott Sheffield’s petition to allow him to serve on Exxon Mobil’s board was due to a technicality. But it added that it still “plans to consider his arguments in support of reopening and vacating the final order.”
Trump to Unveil $70B in AI and Energy Investments
U.S. President Donald Trump will announce $70 billion in AI and energy investments on July 15.
HSBC Joins US Banks in Quitting Climate Coalition
Britain's HSBC became the latest bank to leave the industry's climate coalition on July 11, following in the footsteps of major U.S. lenders as some governments' net zero ambitions cool.
Ex-Elliott Insider: Speak First or ‘Chaos’ Will Take the Mic
Proactive communication is essential in warding off activist “agents of chaos” that want to “change the fabric of a company,” a former communications officer at activist investor Elliott Investment Management told oil and gas producers.
Governor: In Wyoming, Sky’s the Limit for Oil, Gas, Nuclear
Wyoming may be the smallest U.S. state by population, but it’s aiming for a giant role in America’s energy future. From oil and gas to nuclear, it’s all on the table, Wyoming Gov. Mark Gordon told Hart Energy in an exclusive interview.
Wil VanLoh Issues Warning: Embrace AI or Go Out of Business
Quantum Capital Group CEO Wil VanLoh warned oil and gas operators that the fear of AI doesn’t change anything—either way, it’s coming. Don’t get left behind, he said at Hart Energy’s Energy Capital Conference.
Energy Transfer Drivers to Hold Vote on Leaving Union
The National Labor Relations Board has accepted a petition from an Energy Transfer driver based in Texas.
Texas Upstream Employment Slips in March, TIPRO Says
Texas’ upstream energy sector employed 204,400 people in March, down by 700 people from the previous month.
US Halts Construction of Equinor’s Empire Wind Project Offshore NY
In a post on X, Interior Secretary Doug Burgum said construction activity is being stopped “until further review of information that suggests the Biden administration rushed through its approval without sufficient analysis.”
‘Trump Effect’ Stalls Hydrogen FIDs, Already Killing Projects
Billions of dollars in capex have been dedicated to hydrogen projects. But some projects have yet to reach final investment decisions amid continued uncertainty surrounding the Inflation Reduction Act and hydrogen production tax credits.