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...“This is what the US government wanted to see from the beginning and is the result of its recent industrial policy of giving subsidies for localised production.”...
...In the decade to 2020, the Bakken boom saw North Dakota's oil production soar to new heights. Production rocketed in North Dakota from about 200,000 barrels a day up to almost 1.5mn barrels a day....
...implemented substantial production cuts....
...The surge in output from private oil groups has helped drive US production to record levels....
...(Another pending $53bn deal by Chevron for Hess gives the supermajor shale assets in the vast Bakken oilfield of North Dakota.)...
...The lay-offs and lower-than-expected production projection come as EV sales are growing at a slower rate in the US....
...Ithaca, whose majority owner is Israel’s Delek Group, said the transaction would create the second-biggest independent operator in the UK continental shelf, boosting its production above 100,000 barrels...
...A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc. All rights reserved....
...A spokesperson added it was unclear when production would restart....
...Wood Mackenzie forecasts peak production of 1.5mn b/d of production by 2033 — more than that of many Opec countries....
...Its prized assets are offshore Guyanese production and chunks of North Dakota’s Bakken shale deposit. Hess’s current daily production is 330,000 barrels of oil equivalent....
...Tesla recently had to suspend production for about two weeks because the disruption to container traffic caused by Houthi missile attacks on shipping in the Red Sea deprived it of crucial parts....
What can BrickLink, the eBay of plastic bricks, tell us about Lego's future corporate challenges?
...— to extract crude from US oilfields such as the Bakken shale of North Dakota....
...A version of this article was first published by Nikkei Asia on March 6. ©2024 Nikkei Inc. All rights reserved....
...The Federal Aviation Authority has grounded 171 of the Max 9 aircraft pending inspections of the production lines as well as suppliers....
...Smith says regenerative agriculture “makes a lot of sense” and will deliver a host of benefits for the environment, farmers and food production “But the carbon angle has been oversold.”...
...Permian shale patch production, which has a typically short cycle of development and exploitation, also offers the ability to flex production up and down more easily in response to changes in demand....
...Arthur makes a distinction between classic production industries, for steel and the like, and knowledge-based industries....
...But it has not been willing to fund a new supply chain for mass car production. Scrapping a project with high upfront costs makes sense. Competition has grown. Tesla has been forced to cut its prices....
Contract manufacturer taking over iPhone assembly factory from Taiwanese rival Pegatron
...But executives think AI could improve supply chains and production....
...The price of oil is being kept down by weak Chinese demand, despite Opec production cuts....
...“Shanahan is a no-nonsense guy who knows production and, importantly, knows Boeing — and Boeing knows him.”...
...Spirit depends on Boeing to be at the top of its production and delivery game. This has not been the case when it comes to the 737 Max and 787 Dreamliner programmes....
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