Hiroshima facility expansion targets high-bandwidth memory (HBM) for AI as the company reports record earnings and advances global capacity buildout Hiroshima, Japan – July 5, 2026Micron Technology Inc. (NASDAQ: MU) held a groundbreaking ceremony on July 4, 2026, for a major expansion of its semiconductor manufacturing facility in Higashi-Hiroshima, Hiroshima Prefecture, western Japan. The project […]
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US refiners are operating plants at elevated run rates, with some delaying scheduled maintenance amid strong refining margins and steady-to-robust fuel demand. According to a Bloomberg report from June 1, 2026, the industry saw one of its lightest maintenance seasons in recent memory, with an average of only 470,000 barrels per day (bpd) of processing […]
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Devon Energy (NYSE: DVN) delivered a solid operational performance in Q1 2026 while advancing a transformative strategic agenda. The company reported earnings on May 5, 2026, just ahead of the anticipated close of its all-stock merger with Coterra Energy (around May 7) and followed up with a major $2.6 billion Permian land grab on May […]
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The upstream oil and gas sector stands on the cusp of a transformative opportunity. According to fresh analysis from Rystad Energy, digitalization and artificial intelligence could generate nearly $500 billion in cumulative value for Exploration & Production (E&P) companies between 2026 and 2030. This windfall would come through three main levers: cost reductions via more […]
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Wall Street has a blind spot the size of a supertanker — and it’s called the energy sector. In a recent wide-ranging interview on Kitco News, veteran investor Ted Oakley, founder and managing partner of Oxbow Advisors, sat down with anchor Jeremy Szafron and delivered a blunt assessment: Wall Street is completely mispricing energy. Oakley […]
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Saudi Aramco, the world’s largest oil producer, is embarking on its most ambitious privatization and asset monetization drive in its 93-year history. The company aims to raise up to $35 billion by opening midstream, downstream, and non-core assets to Wall Street investors through sale-leaseback deals, minority stake sales, and infrastructure partnerships. This move is explicitly […]
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Houston, May 7, 2026 — Cheniere Energy Inc. (NYSE: LNG), the largest U.S. liquefied natural gas (LNG) exporter, delivered a stark headline miss in its first-quarter 2026 results, swinging to a $3.5 billion net loss (or $16.65 per share) from a $353 million profit a year earlier. The surprise shortfall — which caught all 14 […]
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In a sharp rebuke of European and UK energy policies, British billionaire Sir Jim Ratcliffe, founder and chairman of global chemicals giant Ineos, has publicly slammed the continent’s “all over the place” approach to energy as a threat to economic growth, industrial competitiveness, and national security. At the same time, Ineos is doubling down on […]
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Houston, TX – May 6, 2026 – EOG Resources, Inc. (NYSE: EOG) delivered a strong beat on first-quarter 2026 estimates, posting adjusted earnings of $3.41 per share and revenue of $6.92 billion while exceeding production guidance midpoints across oil, NGLs, and natural gas. The company also raised its full-year 2026 oil and NGL production outlook […]
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UAE Hit by drones, U.S. Navy escorts ships out, and California is up to no good. What a wild day on the News Desk. President Trump ordered the U.S. Navy to escort ships through the Strait of Hormuz, and Iran started lobbing drones and missiles around. Bagdad Bob showed up in Iran and claimed that […]
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