Newsroom
Will The Huge Investments in AI Ever Pay Off?
As is already well known, artificial intelligence is a capital-hungry and energy-hungry technology. Technology companies are reportedly pouring in over $1 trillion into AI. These investments are going into developing larger data centers, better AI chips, and energy grids. But the big question being ...
The Need For Storing Excess, Unused Clean Energy
In the applications that they are employed in, solar and wind usually produce more energy that the system can typically use on a given day. Take homes for instance. Most homes with solar panels typically produce more electricity than the home uses in any given day. What becomes of the unused power? ...
China Builds The World's Largest Solar Farm
China Green Development Investment Group is reported to have built the largest solar farm in the world. The solar farm is reported to comprise more than 5 million panels and will produce 3.5 gigawatt of electricity. The farm covers over 33,000 acres, is located in Xinjiang province of China, and cos...
Retired Russia Satellite Explodes
A Russian satellite which was retired in 2022, the RESURS-P1, is reported to have shattered into more than 100 pieces not too far away from the International Space Station. Astronauts at the ISS were advised to shelter for more than hour until debris from the explosion passed. No accidents or damage...
NFL Found Guilty and Ordered To Pay $4.7 Billion
In a class action lawsuit, the NFL has been found guilty of overcharging fans, and is being ordered to pay a fine of $4.7 billion to viewers who paid for the streaming service, and an additional $96 million to businesses and bars who were overcharged for Sunday Tickets. The NFL says it is disappoint...
US Nuclear Submarine Surfaces In Norwegian Sea
Russia recently has been playing war games in the Mediterranean sea and had deployed its Varyag missile cruiser as part of the exercise. In response, the US nuclear submarine, USS Tennessee surfaced in the Norwegian sea, accompanied by a guided missile cruiser and two aircrafts, apparently sending a...
First Neuralink Patient Can Now Play Games
Noland Arbaugh, the first person who received a brain implant from Neuralink says the technology has helped him, and he can now play certain games successfully. Noland was involved in a diving accident about 8 years ago and lost function of his limbs. However, he says with the chip implanted into hi...
What is North Korea Getting In Exchange For Helping Russia In Ukraine War?
North Korea and Russia recently entered a partnership agreement that includes amongst other things, defense cooperation in the event of an attack. North Korea has already been sending military support to Russia, to aid it in its ongoing war in Ukraine. But is Kim Jong Un of North Korea doing this ou...
Russia Shoots Down US Drone Over Black Sea
Russia has reportedly shot down a US drone over the black sea. To address rumors of Russia downing a US UAV, a US official said we have not seen any evidence of this to be factual. The US is set to send an additional $150 million in defense aid to support Ukraine’s war against Russia....
Pension Funds In California Win Fight Over Fossil Fuel Divestments
Three years ago, senator Lena Gonzalez of California had proposed a bill requiring two of California’s largest pension funds to divest of their investments in oil & gas. California Public Employees’ Retirement System (Calpers), with $504 billion in assets under management, and Califo...
John Hess Appointed To Goldman Sachs Board of Directors
Investment bank, Goldman Sachs has appointed Mr. John Hess to its board of directors. Goldman was an advisor to Hess following its $53 Billion acquisition by Chevron Corp. The Chevron-Hess acquisition however is still under arbitration as ExxonMobil attempts to block it, seeking a right of first ref...
BP Acquires 50% Interest In Biofuel Company
BP is reportedly acquiring a 50% interest in BP Bunge Bioenergia S.A., a leading biofuels producer in Brazil. The acquisition is valued at $1.4 Billion. Post-acquisition, BP will become the sole owner of BP Bunge Bioenergia and is reportedly aiming to grow production to 50,000 bpd (biofuels) and 40,...
ConocoPhillips Acquires Marathon Oil For $17 Billion
ConocoPhillips has agreed to acquire Marathon Oil in a transaction valued at $17 Billion. The all-stock transaction will add 2 billion barrels to Conoco’s reserves, and will increase its presence in the Eagle Ford, Bakken, Niobrara, and Equatorial Guinea, where Marathon previously had major op...
Crescent Energy Acquires SilverBow Resources For $2.1 Billion
Crescent Energy has agreed to acquire SilverBow Resources in a deal valued at $2.1 billion. Through this transaction, Crescent will become the second largest operator in the Eagle Ford, at ~250 Mboepd. As part of the transaction, SilverBow shareholders will receive 3.125 shares of Crescent stock for...
Russia Discovers The Largest Oil Reserve On Earth
According to the Telegraph, Russia has discovered one of the largest oil reserves on earth, in the Antarctica. The issue however, is that, in Antarctica, resource exploitation and development is prohibited, except it is for scientific purposes (the Antarctic Treaty). The discovery is in an area whos...