Sunday, 14 September 2025

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FILE PHOTO: General view of Citgo Petroleum headquarters in Houston, Texas, U.S., January 11, 2024. REUTERS/Go Nakamura/File Photo
BusinessCourtsNewsOil

Complex bids could extend Citgo auction evaluation, sources say

The court-organized auction of the seventh-largest U.S. oil refiner aims to satisfy up to $21.3 billion in claims against Venezuela.

In this image provided by the Deschutes County Sheriff's Office Oregon. smoke rises from a wildfire on Tuesday, June 25, 2024, in La Pine, Ore. The wildfire near the popular vacation destination of Bend, is growing rapidly. Officials on Wednesday urged the continued evacuations of hundreds of homes in the area best known for its microbreweries, hiking, river rafting and skiing on nearby Mount Bachelor. (Capt. William Bailey/Deschutes County Sheriff's Office Oregon via AP)
ClimateEnvironmentNews

Wind-driven wildfire spreads near popular central Oregon vacation spot and prompts evacuations

The fire started Tuesday about a mile south of La Pine in Central Oregon. It's cause was under investigation.

FILE PHOTO: View of a detail of the R3X SUV unveiled by electric truck maker Rivian during an event in Laguna Beach, California, U.S. March 7, 2024. REUTERS/Mike Blake/File Photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceNewsTransport

What’s behind Volkswagen’s $5 billion EV software bet on Rivian?

Volkswagen, Europe's biggest carmaker, plans to spend as much as $5 billion on an EV software partnership with U.S.-based Rivian

FILE PHOTO: The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. Picture taken November 24, 2019.  REUTERS/Angus Mordant/File Photo
BusinessFinanceFuelLiquefied Natural GasLiquefied Petroleum GasNatural GasNewsOil

Analysis: A mountain of asset sales loom after oil megamerger era

US oil and gas companies could struggle to sell $27bn assets as wave of energy megamergers nears the end of regulatory reviews

FILE PHOTO: A technician works on the final inspection of an electric Volkswagen ID. 4 car model at the production plant of the Volkswagen Group in Zwickau, Germany, April 26, 2022. REUTERS/Matthias Rietschel/File Photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceNewsTransport

Volkswagen stock slips on cost, implications of Rivian JV; Rivian soars

VW shares fell on Wednesday as investors worried about the cost and uncertainties of a joint venture with U.S. EV maker Rivian

FILE PHOTO: A 3D printed natural gas pipeline is placed in front of displayed PetroChina logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
Natural GasNewsOilPoliticsRegulations

PetroChina to pay $14.5 million fine for US export violations: DOJ

Authorities discovered evidence the company had reported inaccurate information in an electronic database exporters use to declare exports.

A sign reading "Property rights matter, no CO2" stands near Strasburg, N.D., Jan. 11, 2024. Iowa public utility regulators on Tuesday, June 25, 2024 gave approval for a controversial carbon dioxide pipeline proposed for the Midwest, but the company will has many hoops to jump through before it can begin construction. (AP Photo/Jack Dura)
Carbon ManagementEfficiencyInfrastructure

US Midwestern C02 pipeline project gets approval in Iowa, but still has a long way to go

The 2,500-mile pipeline network would carry planet-warming CO2 emissions, liquefied under pressure, from more than 50 ethanol plants to be stored deep underground...

FILE PHOTO: A woman smiles in the back seat of a self-driving Chevy Bolt EV car during a media event by Cruise, GM’s autonomous car unit,  in San Francisco, California, U.S. November 28, 2017. REUTERS/Elijah Nouvelage/File Photo
AutomotiveElectric Vehicles (EVs)News

GM self-driving unit Cruise names new CEO as it seeks turnaround

Former xBox founding engineer Marc Whitten will take over as CEO on July 16, General Motors robotaxi unit Cruise announced Tuesday.

FILE PHOTO: A Volkswagen logo is seen on a Volkswagen ID.5 electric car on display at a showroom of a car dealer in Reze near Nantes, France, November 13, 2023. REUTERS/Stephane Mahe/File Photo
AutomotiveBusinessElectric Vehicles (EVs)ManufacturingNews

Volkswagen’s $5 billion investment in Rivian boosts EV maker’s shares

The partnership will help Volkswagen accelerate its plans to develop software-defined vehicles (SDV).

FILE - Puerto Rico Electric Power Authority workers repair distribution lines damaged by Hurricane Maria in the Cantera community of San Juan, Puerto Rico, Oct. 19, 2017. The private operator of Puerto Rico’s power grid confirmed Monday, June 24, 2024, the deferral of $65 million worth of maintenance and improvement projects in the U.S. territory, with some repairs postponed for at least a year because of budget constraints. (AP Photo/Carlos Giusti, File)
ClimateElectricityNewsWeather

Puerto Rico issues island-wide heat advisory for the first time as power outages persist

Heat indexes were expected to reach up to about 46 degrees Celsius along most of Puerto Rico's coastal areas on Tuesday and through...

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