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...“We welcome ongoing access to the most capable AI models for pre-deployment testing — one of the key agreements companies signed up to at the AI Safety Summit,” which took place in November in Bletchley...
...Other prominent industry bosses to attend the summit included Occidental Petroleum’s Vicki Hollub, ENI head Claudio Descalzi and RWE’s Markus Krebber....
...Occidental Petroleum has agreed to acquire CrownRock, one of the most sought-after US private shale oil producers, in a deal valued at about $12bn, including debt....
...Occidental Petroleum has emerged as the lead contender to buy CrownRock, one of the most sought-after private oil producers in the US shale patch, in a deal valued at about $12.5bn, according to people familiar...
...The last time Occidental Petroleum made a big acquisition, it ended up teetering on the brink of bankruptcy....
...Mike Sommers, chief executive of the American Petroleum Institute, said by not agreeing to a “phaseout of fossil fuels” negotiators had realised that “too far/too fast mandates” were unproductive....
...Occidental Petroleum in December said it had agreed to pay $12bn for CrownRock and this week APA said it would buy Callon Petroleum for $4.5bn. Most of the deals to date have been oil-focused....
...The crude will enable the refinery to process an initial 350,000 barrels of crude oil a day into petroleum products, including petrol, diesel and low-sulphur fuels....
...A Delaware court will soon begin an auction for Citgo Petroleum, the seventh-largest oil refiner in the United States....
...Elliott ran a similar campaign against Marathon Petroleum in 2019, which led to the replacement of the chief executive and the spin-off of its Speedway retail operation....
...BlackRock is set to invest $550mn into the world’s biggest direct air capture project, which is being developed by Occidental Petroleum, in a sign of growing investor confidence in the nascent technology...
...It’s only been a month since Azerbaijan was confirmed as the host of November’s COP29 summit, but its preparations are already courting controversy....
...“I came out of the nap with the image of four climbers ascending different faces of the same mountain, each thinking they are the only one, and then discovering each other at the summit,” he recalls....
...Last week, the administration cancelled its latest plans to refill the country’s Strategic Petroleum Reserve. Other options at the administration’s disposal are limited....
...Other events: The Asia Pacific Petroleum Conference opens at Raffles City Convention Centre in Singapore....
...Department of Energy said on Friday that it had chosen two “direct air capture” hub developments in Texas and Louisiana as recipients for the funding, one of which is being built by oil company Occidental Petroleum...
...Dealmakers said groups including Occidental Petroleum, ConocoPhilips and Marathon Oil could be among the next to make a move....
...But there has been less focus on the rival Human Safety Summit held by leading AI systems at a server farm outside Las Vegas....
...The money to be ploughed into the port infrastructure would support Paceco Corp, a US subsidiary of the Japanese company Mitsui, to produce domestic cargo cranes, the White House said on Wednesday....
...S&P 500 hit an all-time high on Friday but, as my colleagues Nicholas Megaw and Kate Duguid have pointed out, stocks limped to the summit....
...COP28 in Dubai presents a perfect opportunity, as the climate summit will be hosted by a major oil producer....
...Project delays and cost overruns also sapped confidence in the industry and forced several high-profile US companies, such as Centrus Energy Corp and Westinghouse Electric Co, to file for bankruptcy....
...Josef Aschbacher, the agency’s director-general, told the Financial Times that the decision at its space summit in Seville last November to open the European launcher market to competition was a “game-changer...
...“Brazil said one thing, but did another at the COP28 summit [in Dubai]....
...Drillers like Occidental Petroleum and Diamondback Energy have used stock to finance large deals. In stock-financed deals, having a misvalued currency is a deal-breaker, and a threat....
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