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30.12.25 - 12:48
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Kazakhstan Crude Production Dips 6% After Black Sea Drone Attack (ZeroHedge)
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Kazakhstan Crude Production Dips 6% After Black Sea Drone Attack
By Charles Kennedy of OilPrice.com,
Following the Ukrainian drone attack that damaged a key export terminal on Russia's Black Sea at end-November, Kazakhstan's crude and condensate production has fallen by 6% so far in December compared to the average output in November, an anonymous industry source told Reuters on Monday.
A Ukrainian attack damaged infrastructure through which the Caspian Pipeline Consortium (CPC) exports most of Kazakhstan's oil near the Russian port of Novorossiysk on the Black Sea.
Oil has continued to flow, but at lower rates, while Kazakhstan sought to re-route some exports away from the Black Sea to keep supply relatively steady.
CPC operates the pipeline from the Caspian coast in northwest Kazakhstan to the Novorossiysk port, which handles 80% of Kazakhstan's crude exports from giant oilfields operated by international oil firms.
Affiliates of Chevron and ExxonMobil are also minority sharehold...
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23.12.25 - 04:54
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Trump Deal Highlights Intensifying Global Competition For Fusion Energy (ZeroHedge)
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Trump Deal Highlights Intensifying Global Competition For Fusion Energy
Authored by Alex Kimani via OilPrice.com,
Shares of Trump Media & Technology Group Corp. (NYSE:DJT) have surged nearly 70% after the company agreed to merge with fusion startup TAE Technologies in a $6 billion deal. Under the terms of the deal, shareholders of each company will own roughly half of the combined entity on a fully diluted equity basis. Trump Media, majority owned by U.S. President Donald Trump, will now become the holding company for TAE Power Solutions and TAE Life Sciences alongside current holdings Truth Social, Truth+ and Truth.Fi.
Founded in 1998, TAE Technologies aims to deploy commercial, utility-scale fusion energy. The company plans to commence construction of its first fusion power plant in 2026, expected to generate 350-500 MWe.
TAE Technologies has raised more than $1.3 billion thanks to backing by high-profile investors, including Google, Chevron Technology Ventures, Goldman Sachs, and Su...
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22.12.25 - 23:06
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Oceaneering Appoints Roger Jenkins to Its Board of Directors (Business Wire)
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HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. (NYSE:OII) ("Oceaneering") today announced that Mr. Roger Jenkins has been elected to its Board of Directors as an independent, non-executive director in Class III, effective January 1, 2026. His initial term will extend until Oceaneering's Annual Meeting of Shareholders in 2028.
Mr. Jenkins has extensive governance experience in the energy and financial sectors. Most recently, Mr. Jenkins served as President and Chief Executive Officer of Murphy Oil Corporation ("Murphy") from 2013 until his retirement in 2024. Prior to joining Murphy in 2001, Mr. Jenkins spent 17 years with Texaco Inc. (now part of Chevron Corporation) from 1984 to 2001, serving in various engineering and drilling management roles.
Mr. Jenkins currently serves on the Board of Directors of Regions Financial Corporation, where he is a member of the Risk and Technology Committees. Previously, he served on the Board of Directors of Murphy Oil Corporation and Noble Corporation. Durin...
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