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...Among other moves from London, Goldman has relocated several investment bankers advising natural resources companies to Milan, where they are overseen by Francesco Pascuzzi....
...At the same time, they have suffered from high energy costs compared with continental rivals and challenging market conditions. British Steel has previously said it was losing £1mn a day....
...The Chinese and Russian objections came after the US in December said it would extend its jurisdiction over a resource-rich seabed area that makes up its continental shelf....
...According to his LinkedIn profile, he previously worked in government affairs for Cheniere Energy and as a senior adviser to the chief of executive of Tellurian Inc, two companies which pioneered the development...
...These kinds of search results, which include an “AI-powered snapshot”, are more costly for Google to serve up than its traditional responses because generative AI consumes a lot more computing resources....
...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...
...The initiative’s backers include the German government, the World Bank and the non-profit World Resources Institute....
Transaction should transform London-listed company into one of the North Sea’s largest producers
...“It is a huge turnaround from where we were at in the 1970s,” said Harold Hamm, chair of Continental Resources and a shale pioneer....
Lawyers representing DRC allege Apple’s products contain illegally exported minerals, despite tech company’s claims of environmental and social responsibility
...The model is rarely used in continental Europe, however, while in the US it is mainly confined to niches such as fast-food franchises rather than essential utilities....
Ithaca’s deal with Eni would simply be trading assets around a troubled basin
Also in today’s newsletter, one solar company thinks it has what it takes to go public — despite a down market for the sector
...“Gas prices in continental Europe, especially in Germany, are structurally higher now, because we, in the end, depend on LNG imports,” said Markus Krebber, chief executive of RWE....
New survey shows geopolitical turmoil, tough macroeconomic conditions and AI spurring shifts in energy markets
...Spanish renewables group Iberdrola has called off its planned $8bn acquisition of PNM Resources, cancelling a deal that would have transformed its Avangrid subsidiary into one of the biggest companies in...
Xi Jinping hopes manufacturing can offset the property slump
A foray into US dealmaking four decades ago raised the hackles of locals and proved financially disappointing
...The lawsuit from the American Petroleum Institute, a lobby group, accused the US government of using “every tool at its disposal” to restrict access to resources in federal waters....
...Octopus Energy, one of the biggest energy suppliers in the UK, has recently expanded into heat pump manufacturing and is planning to build a factory either in the UK or continental Europe....
...“They’ve run into some ramp up issues,” said Ur-Energy Inc chief executive John Cash, which is restarting production at two mines in Wyoming....
...But what was new this week was the depth of Zuckerberg’s enthusiasm for the idea, and the extent to which he is swinging his company’s resources behind the new wave of generative AI....
...But, in the absence of bounteous resources, can it become rich? Whatever the right answer, notice that I assume that enrichment is the goal....
...A detailed follow-up from Electrek on Monday reported that Model 2 work had indeed been “completely defunded” and that the project was “effectively scratched right now as Tesla is putting all resources into...
...This includes centralising the distribution of computing power using state-run trading platforms that broker access to cloud computing resources....
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