Focus on Business
Canada’s Pieridae Energy shuts-in production amid low natgas prices
Canadian energy company Pieridae Energy said on Thursday it has shut-in the production of about 6,250 barrels of oil equivalent per day (boe/d)...
MEG Energy sees earnings rise in second quarter, announces dividend
MEG Energy boosts quarterly earnings to $234M and declares a 10-cent dividend per share, aided by the Trans Mountain pipeline expansion success.
Chile sees interest from Rio Tinto, LG, BYD and others for Altoandinos lithium site
Twelve companies, including Rio Tinto, BYD, and LG Energy, submitted proposals to develop a lithium project in Chile's Altoandinos salt flats, ENAMI announced.
Brazil govt mulls ‘tougher measures and sanctions’ on Vale, minister says
Brazil's government considers tougher sanctions on Vale due to its "arrogant" stance and delays in reparations over the 2015 dam disaster, says Mines...
GM’s Cruise looks to start charging for robotaxi rides next year: report
Cruise plans to resume fully autonomous rides by late 2024 and charge fares by 2025, despite regulatory scrutiny after a 2023 accident.
Musk to discuss $5 billion xAI investment with Tesla board
For the head of Tesla, xAI investment could help development of self-driving and robotaxi projects – after putting the issue to a social...
Valero plans to run refineries at 92% of combined capacity in Q3 2024
Valero Energy plans to run its refineries at up to 92% capacity in Q3 2024, with high operation rates on the Gulf Coast,...
Canadian and Indian solar firms join forces on US cell factory
Heliene and Premier Energies team up for US solar cell factory that can benefit from generous subsidies for American-made clean energy equipment.
Veren Inc., formerly Crescent Point Energy, sees profit rise in second quarter
Veren Inc., post-buying spree, shifts focus to reducing its $3.0 billion debt, targeting a further drop to $2.2 billion by year-end.
Power company PG&E beats Q2 profit estimates on higher rates
California utility PG&E profits rise as company benefited from increased electricity rates, though wildfire costs affect earnings forecast.
