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Marathon Investor Sues to Block ConocoPhillips Acquisition

A Marathon Oil Corp. shareholder sued to block its proposed acquisition by ConocoPhillips, claiming the $17 billion deal “significantly undervalues” the target company.

August 12, 2024

Oil Refiners in US Slow Down, Stoking Global Glut Worries

Some of the top U.S. oil refiners are throttling back operations at their facilities this quarter, adding to concerns that a global glut of crude is forming.

August 12, 2024

7-Eleven Targets 500 Locations for Diesel Network Expansion

7-Eleven announced a major expansion to its diesel refueling network Aug. 8, aiming to increase the number of locations available to professional drivers.

August 9, 2024

Nikola Reports Q2 Shortfall but FCEV Sales Grow

Nikola Corp. reported a 103% revenue increase but wider losses in the second quarter as electric vehicle sales gained momentum, the company announced Aug. 9.

August 9, 2024

Pipeline Firms in Talks With Data Centers About Gas Supply

Energy Transfer and Williams Cos. are talking to data center operators about building pipelines directly to their facilities to fuel on-site power plants as the centers prepare for a boom in AI.

August 8, 2024

Occidental Raises Production on CrownRock Acquisition

Occidental Petroleum Corp. raised its production and capital spending plans for this year after closing its $10.8 billion acquisition of CrownRock LP earlier this month.

August 8, 2024

EPA Probes Biodiesel Supply Chains as Fraud Concerns Mount

The Biden administration is following the paper trails of some biodiesel producers amid heightened concern the fuels are at times being made with deceptive ingredients, violating federal law.

August 7, 2024

Senate Republicans Ramp Up EV Resistance

Before leaving Washington for a six-week summer break, senior Senate Republicans again pushed back on the White House’s electric vehicle agenda.

August 7, 2024

Lack of Standard Training for EV Techs Perpetuates Shortage

There’s an aggressive push for more electric vehicle chargers and technicians to work on them, but a problem remains: There’s no nationwide standard for training those technicians.

August 7, 2024