AI, edge computing usher in new era for Vital Energy
Vital Energy, formerly Laredo Petroleum, has increased its oil production...
Vital Energy, formerly Laredo Petroleum, has increased its oil production by 45,000 barrels per month by leveraging sensor data, AI and edge computing to automate electrical submersible pump operations. Vital Energy Chief Technology Officer Brandon Brown envisions "almost limitless" opportunities for AI in oil and gas and Brown stressed the importance of quality data in driving digital transformation.
Several high-profile energy traders have recently left oil majors like...
Several high-profile energy traders have recently left oil majors like BP and Shell for trading houses such as Vitol, Trafigura, and Mercuria. These trading houses have been acquiring assets from oil majors and can offer bonuses surpassing the remunerations of BP and Shell CEOs.
Donald Trump says he will speak at this week’s RNC. In...
Donald Trump says he will speak at this week’s RNC. In a post to Truth Social following his assassination attempt on Saturday, Trump confirmed that he would take the stage in Milwaukee at the Republican National Convention, which begins today and runs through Thursday. A list of scheduled speakers who will open for Trump includes UFC CEO Dana White, model Amber Rose, and his sons Donald Jr. and Eric. Along with unveiling his platform on issues that include abortion and immigration, Trump is likely to announce his running mate from a shortlist that consists of Sen. Marco Rubio of Florida, Sen. JD Vance of Ohio, Sen. Tim Scott of South Carolina, and North Dakota Gov. Doug Burgum.
Heat shifts west to east: After setting records in...
Heat shifts west to east: After setting records in the West, a heat wave will broil the Northeast under the region’s hottest temperatures of the summer so far, with New York City, Philadelphia, and Washington, DC, all expected to see temperatures in the mid- to upper 90s early this week. Government officials and companies have begun to warn that the current heat waves—which are 3x as frequent as they were 60 years ago—are causing tens of billions of dollars in damages that aren’t covered by insurance.
Alphabet is close to acquiring cybersecurity startup Wiz, according to the Wall Street Journal. The $23 billion purchase price would be the largest in the company’s history.
Israeli strikes targeting a top Hamas commander killed at least 90 people in a designated humanitarian zone in Gaza, according to Palestinian health officials. Israeli officials told Bloomberg they were “pretty confident” the commander—Mohammed Deif—was killed despite Hamas insisting he survived.
Over 23 million Americans watched President Biden’s press conference last Thursday. That’s more people than watched this year’s Oscars.
Argentina beat Colombia with an extra-time goal to win their 16th Copa América title. The game was delayed for more than an hour after fans breached security gates at Miami’s Hard Rock Stadium.
Dow futures edge higher after Trump assassination attempt
U.S. stock-index futures saw a modest rise Sunday night, as financial...
U.S. stock-index futures saw a modest rise Sunday night, as financial markets opened for the week following an apparent assassination attempt on former President Donald Trump a day earlier at a campaign rally.
Futures on the Dow Jones Industrial Average YM00, 0.13% rose 69 points, or 0.2%. S&P 500 futures ES00, 0.10% were up 5.5 points, or 0.1%. Nasdaq-100 futures NQ00, 0.12% gained 8 points, or less than 0.1%, at 20,532.
“The assassination attempt is shocking emotionally but probably doesn’t do much to either the political trajectory of the campaign or the outlook for the U.S. economy,” Christopher Smart, founder and managing partner at Arbroath Group, told MarketWatch.
Betting markets showed a further rise in the probability of a Trump victory after the former president was hit in the ear by a bullet at the Saturday rally outside Pittsburgh. One audience member was killed and others were injured. The Secret Service killed the shooter.
