Sinopec Breaks Record with Deepest Onshore Well in Asia, Boosting China's Energy Exploration
China Petroleum & Chemical Corporation (Sinopec) has achieved the first oil and gas flows from Asia's deepest onshore well, the Yuejin 3-3XC well in the Tarim Basin, Xinjiang Uygur autonomous region.
10 Freeway Fire-Damaged Section in Los Angeles to Reopen in Weeks, No Demolition Required
The fire-damaged section of the 10 Freeway in downtown Los Angeles won't require demolition, and some lanes are expected to reopen within 3-5 weeks, according to Governor Gavin Newsom.
Iraq's Support for OPEC+ Cuts Boosts Oil Prices, but Weekly Declines Continue Amid Demand Concerns
Oil prices rose by approximately 2% as Iraq expressed support for OPEC+'s oil production cuts ahead of an upcoming meeting.
Deforestation in Brazil's Amazon Declines by 22.3% in the Past Year, but Challenges Remain for Lula's Zero Deforestation Goal
Deforestation in Brazil's Amazon decreased by 22.3% in the 12 months through July, marking the smallest area cleared since 2018, according to government data from the Brazilian space research agency Inpe.
Fossil Fuel Giants on Track to Double Production, Exceed Climate Thresholds, UN-Backed Report Warns
A United Nations-backed report reveals that major fossil fuel-producing countries, including the United States, Russia, and Saudi Arabia, are on course to produce twice the amount of fossil fuels that exceed critical global warming thresholds by the end of this decade.
President Biden Announces $16 Billion Investment in Northeast Corridor Rail Upgrades
The federal government plans to allocate over $16 billion to enhance the Northeast Corridor, the busiest rail line in the country, connecting cities like Washington, New York, and Boston.
Warren Buffett Boosts Occidental Petroleum Stake Despite Anticipated Q3 Profit Plunge
Warren Buffett-backed Occidental Petroleum (OXY) is set to report its third-quarter earnings, with analysts expecting a more than 60% drop in quarterly profit.
Michigan House Passes Controversial Clean Energy Reforms Amid Climate Change Debate
The Michigan House has approved a set of reforms to combat climate change, which includes a requirement for utilities to rely entirely on clean energy sources by 2040.
Barack Obama Collaborates with Biden Administration on AI Strategy and Oversight
Former President Barack Obama advised the White House on its strategy for addressing artificial intelligence (AI) over the past five months, collaborating with tech companies and engaging in Zoom meetings with top Biden administration aides.
Intensive Search Underway for Trapped Man in Collapsed Kentucky Coal Building
Rescuers are intensively searching for a man trapped beneath the debris of a collapsed coal processing building in rural Kentucky, with hopes of finding him alive, despite one worker being declared dead in the incident.
New Bill Seeks Congressional Input on Federal AI Implementation and Safety Standards
A new bill in response to the White House's executive order on AI has been introduced, aiming to provide Congress with input on the federal government's implementation of AI systems.
Fatal Collapse at Eastern Kentucky Coal Plant Leaves One Worker Dead, Another Trapped
Tragedy strikes as at least one worker has died and another remains trapped in the collapsed coal preparation plant in Eastern Kentucky.
President Biden's Executive Order Strengthens AI Safety and Regulation
President Biden has issued an executive order aimed at addressing concerns over the safety, security, and trustworthiness of AI technology.
Chevron's Stock Decline Shrinks Value of Hess Acquisition Offer by $6.5 Billion
Chevron's stock decline following an earnings miss has reduced the value of its all-stock acquisition offer for Hess Corp. by approximately $6.5 billion.
Chevron and Exxon Bet Big on Oil and Gas With Multi-Billion-Dollar Acquisitions
Chevron and Exxon are making significant acquisitions in the oil and gas industry despite growing global momentum toward clean energy.
California DMV Revokes Cruise's Autonomous Vehicle License Amid Safety and Transparency Concerns
The California Department of Motor Vehicles (DMV) has revoked Cruise's license to operate autonomous vehicles in San Francisco due to concerns about safety and transparency.
California Governor Gavin Newsom Forges Climate Cooperation in China Amidst Tensions
California Governor Gavin Newsom embarked on a week-long trip to China, emphasizing his state's commitment to climate issues regardless of the U.S. presidential election outcome.
Chevron Acquires Hess in $53 Billion Deal, Gaining Access to Guyana's Oil Reserves
Chevron has agreed to purchase U.S. oil and gas producer Hess in an all-stock deal valued at $53 billion.
Tesla Recalls Model X Vehicles Over Brake Fluid Detection Issue
Tesla is recalling 54,676 Model X vehicles from 2021-2023 due to a potential brake fluid detection issue.
Green Line Extension Faces Major Track Repairs Amid Controversy
A significant portion of the Green Line Extension in Massachusetts needs track repairs due to narrowness issues, with 50% of the Union Branch tracks and around 80% of the Medford/Tufts Branch tracks requiring widening.