Gas veteran pursues cleaner way to get electricity from gas
As CEO of clean energy company NET Power, natural gas veteran Danny Rice...
As CEO of clean energy company NET Power, natural gas veteran Danny Rice is advancing a technology that generates emission-free electricity by burning gas with oxygen and using the resulting mixture of carbon dioxide and water to drive a turbine. NET Power has achieved significant milestones at its La Porte, Texas, demonstration plant and plans to open a commercial power plant around 2027.
US oil and gas rig count falls to lowest since January 2022
U.S. energy firms this week cut the number of oil and natural gas rigs...
U.S. energy firms this week cut the number of oil and natural gas rigs operating to the lowest since January 2022, energy services firm Baker Hughes said in its closely followed report on Friday.
Meanwhile, Oklahoma’s oil and gas drilling efforts suffered a major loss of four rigs over the past week, with only 38 rigs active now.
The drop in rig activity added to a decline reported nationwide. The total rig count experienced a 6-rig loss, leaving 594 active rigs in the U.S. The decline included a loss of four oil rigs, leaving 492 active, and the drop of two gas rigs to 98.
The U.S. count in the past week is 101 fewer than the 695 reported a year ago. Over the past 12 months, the rig count declined, including 64 oil and 37 gas rigs.
Texas still leads the country with 287 rigs, unchanged from a week earlier. New Mexico remained at 107 and North Dakota stayed at 32 rigs. The count in Louisiana dropped by one to 41 rigs.
It’s too hot. Parts of the US Southwest and California...
It’s too hot. Parts of the US Southwest and California are experiencing record-breaking temperatures as a heat wave from Mexico blazes north. Phoenix hit a daily record high of 113 degrees Fahrenheit on Thursday, while Las Vegas reached a record 111, and Needles, California, hit a never-before-seen 115. Nearly a dozen people at a Donald Trump rally in Phoenix were hospitalized due to the heat. Weather experts predict the wave will move further north into Oregon and Washington. The unprecedented temps come a week after India recorded its hottest-ever temperature of 126. Scientists say that climate change is making heat waves more intense and more frequent.
The Port of Baltimore is expected to fully reopen this weekend after the last piece of the collapsed Francis Scott Key Bridge is removed from the water.
Microsoft reversed course, announcing that after widespread backlash, an AI feature that takes screenshots on new PCs will be turned off by default.
Rivian is redesigning its R1 electric vehicles in an effort to cut manufacturing costs and improve performance.
Kohl’s, the retail giant based in Milwaukee, said it will not sponsor anything related to the Republican National Convention when the event comes to the city next month.
X placed ads in the search results for at least 20 racist hashtags, including #whitepower, according to NBC News.
Benchmark U.S. crude oil for July delivery fell 2 cents to $75.53 per barrel Friday. Brent crude for August delivery fell 25 cents to $79.62 per barrel.
Wholesale gasoline for July delivery fell 2 cents to $2.38 a gallon. July heating oilfell 1 cent to $2.35 a gallon. July natural gasrose 10 cents to $2.92 per 1,000 cubic feet
U.S. stocks end lower after hotter-than-expected May jobs report
U.S. stocks finished down Friday as investors assessed a stronger-than-expected...
U.S. stocks finished down Friday as investors assessed a stronger-than-expected jobs report that spurred a jump in Treasury yields.
The Dow Jones Industrial Average fell 87.18 points, or 0.2%, to close at 38,798.99.
The S&P 500 slipped 5.97 points, or 0.1%, to end at 5,346.99.
The Nasdaq Composite shed 39.99 points, or 0.2%, to end at 17,133.13.
The Dow eked out a 0.3% gain for the weekto snap back-to-back weekly losses. The S&P 500 booked a 1.3% weekly gain while the technology-heavy Nasdaq advanced 2.4%.
