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News in-depthMeta Platforms
Meta’s AI-driven advertising system splits marketers
...“We have now made the active decision not to use the Advantage+ feature due to the amount of control that you have to give up as a marketer,” said one UK-based games company....
February 28, 2023
News in-depthNews in-depth3 min
Arctic drilling: should oil and gas reserves remain untapped? | FT Energy Source
...Lying beneath the ice North of the Arctic Circle is the largest unexplored petroleum reserve left on Earth, holding an estimated 412bn barrels of oil and natural gas....
February 22, 2024
FT Live
US Decarbonization and Industrial Transition Summit
Securing the resources to build and finance America's clean energy future
Wednesday, 29 MayWashington, D.C., USA
Apple Inc
Apple rivals lobby EU over App Store dominance
...The 50 cents fee will apply immediately to downloads of alternative app stores....
February 21, 2024
John Thornhill
Digital advertising is still far too murky
...Ironically, the widespread adoption of machine learning systems is enabling marketers and the digital ads platforms to create and serve more targeted and personalised ads than ever before and on a massive...
December 7, 2023
News updates from December 11: COP28 draft deal drops phaseout of fossil fuels, Zelenskyy implores US not to waver in its support for Kyiv
Occidental Petroleum agrees $12bn deal to acquire CrownRock
...Occidental Petroleum has agreed to acquire CrownRock, one of the most sought-after private oil producers in the US shale patch, in a deal valued at about $12bn, including debt....
December 11, 2023
Occidental Petroleum Corp
Occidental Petroleum agrees $12bn deal to acquire CrownRock
...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....
December 11, 2023
FT Live
Future of AI
Igniting a new era of innovation and investment
Wednesday, 6 NovemberLondon. UK
Energy Source
How big a hypocrite is Norway on energy matters? Premium content
...For some time, Oslo argued it had some of the lowest emissions per barrel of any petroleum producer, and so it should be the dirtiest countries that stop....
February 13, 2024
Occidental Petroleum Corp
Occidental Petroleum emerges as lead contender to buy CrownRock
...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...
November 30, 2023
Hydrogen power
Geologists signal start of hydrogen energy ‘gold rush’
...Previewing the results at the American Association for the Advancement of Science annual meeting in Denver, project leader Geoffrey Ellis said: “Most hydrogen is likely inaccessible, but a few per cent recovery...
February 18, 2024
News in-depthNews in-depth15 min
Building blocks: Lego's next move | FT Film
...Lego is fundamentally a product that is petroleum-based. I mean, ABS plastic has a core element of petroleum. Their entire product is based on oil....
March 21, 2024
Dangote Group
Nigeria’s Dangote oil refinery closer to production after years of delays
...The Dangote Group said Shell’s crude would be used for an initial test of the facility’s capabilities before the processing of diesel, aviation fuel and liquefied petroleum gas and latterly premium motor...
December 8, 2023
Letter
Letter: Oil and gas demand ‘will be massive for decades’
...Mike Sommers President and Chief Executive Officer, American Petroleum Institute, Washington, DC, US...
September 26, 2023
Carbon capture and storage
US places $1.2bn climate bet on tech pulling carbon from air
...Petroleum....
August 11, 2023
The Big Read
How AI is transforming the business of advertising
...“This is a marketer’s dream,” she adds....
February 11, 2024
Snap Inc
Snap shares sink 35% as revenue falls short of Wall Street expectations
...Compared with dominant, deep-pocketed rivals such as Meta, the smaller Los Angeles-based social media platform has battled to rebound after tough macroeconomic conditions caused marketers to tighten their...
February 7, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
InterviewOil & Gas industry
US oil pipeline boss ties future to natural gas in pursuit of Oneok merger
...The US added 897mn cu ft/d of interstate gas pipeline capacity last year, the least amount of new annual capacity in this century, according to the EIA....
August 28, 2023
Occidental Petroleum Corp
BlackRock set to invest $550mn in Occidental direct air capture project
...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...
November 7, 2023
Strategic Petroleum Reserve USA
Reimagining the SPR
...Global energy markets have changed and grown dramatically since the creation of the Strategic Petroleum Reserve (SPR) nearly 50 years ago....
February 24, 2024
Advertising
Super Bowl set to break US advertising records
...The costly price for a 30-second slot means marketers scale up the production budget for the ads themselves, often hiring A-list celebrities....
February 9, 2024
Vitol Group
Vitol posts $13bn profits in second consecutive year of bumper results
...The volume of oil and refined petroleum products that the group traded remained roughly flat at 7.3mn barrels per day....
April 8, 2024
LexOccidental Petroleum Corp
Occidental/CrownRock: shale deal risks tempting fate again Premium content
...The last time Occidental Petroleum made a big acquisition, it ended up teetering on the brink of bankruptcy....
December 11, 2023
Oil & Gas industry
Biden’s offshore drilling curbs hit by lawsuits
...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....
February 12, 2024
News updates from March 1: Nvidia closes above $2tn valuation, Gunvor to plead guilty to US bribery charges
Guvnor found guilty of bribery by Swiss prosecutors
...in the petroleum industry,” the Swiss prosecutor said in a statement....
March 1, 2024
Letter
Letter: How advocates for climate action can hurt their cause
...For example, Republicans who claim that joining an industry group to collaborate on climate action violates antitrust laws have no qualms about fossil fuel companies joining the American Petroleum Institute...
March 26, 2024
Letter
Letter: Berkshire Hathaway’s risk cannibalism challenge
...Investors have a right to know, as they do about the scope 3 emissions of Buffett’s investment in Occidental Petroleum....
March 15, 2024

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