Efforts are underway to alleviate disruption in the Panama Canal, but...
Efforts are underway to alleviate disruption in the Panama Canal, but El Nino-related weather events are expected to become more intense as climate change accelerates and could continue to create challenges in the future, said Gabriel Mariscal of CB Fenton during a Latin American Petrochemical and Chemical Association event. "El Nino has always existed, but the challenge now is that you have a Panama Canal that consumes much more water than before, even with the NeoPanamax locks reusing water," said Mariscal.
Oil and gas added $15B to N.M.'s revenue in fiscal 2023
New Mexico's oil and gas industry contributed over $15 billion to state...
New Mexico's oil and gas industry contributed over $15 billion to state coffers in the last fiscal year as Permian Basin production continued to increase. The share of oil and gas revenues of the General Fund is projected to rise from 35% in fiscal 2023 to nearly 40% in fiscal 2024, before gradually declining due to strategic state investments and legislative spending.
Advances in drilling and completion techniques have enabled Liberty Resources II to turn Tier 2 Bakken Shale acreage into "extended core" areas with performance comparable to core properties, CEO Mark Pearson said in a recent interview. Pearson also discussed the potential of enhanced oil recovery and predicted increased consolidation in the Bakken due to core inventory depletion and private equity exits.
The news out of Tesla’s annual shareholder meeting in Austin: This...
The news out of Tesla’s annual shareholder meeting in Austin: This is Texas, and Elon Musk can hold ’em. The electric vehicle company’s shareholders voted by a wide margin to reapprove the CEO’s pay package, handing a big win to Musk and Tesla’s board.
Shareholders also approved Musk’s plan to move the company’s incorporation from Delaware to Texas.
