Articles by tag: oil & Gas

New U.S. Oil Auctions Say “Nothing” About Short-Term Drilling. U.S. Energy Policy is Still Shy on New Oil Leasing.

U.S. Oil Auctions

U.S. oil auctions are back…sort of. In a significant move since the passage of President Joe Biden’s landmark climate change law, the U.S. held its first sale of oil and gas drilling rights on federal lands in late May, attracting over $78 million in high bids. This auction of 19 parcels in New Mexico,…

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Is A Diesel Shortage Creating Double the Pressure on Short-Staffed Truckers?

The diesel shortage continues making life difficult for the supply chain. Diesel prices are reaching all-time highs over gas & oil, according to the Wall Street Journal, with reporting of depleted stockpiles and limited replenishing refining capacity keeping those prices high. Premiums of diesel over gasoline have hit new records of $1.60 per gallon,…

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Fuel Prices to Remain High as Drive Season Looms

Key Insights US oil supply has steadily decreased since May 2021. The US oil supply has experienced an unprecedented decline. Oil prices continue to increase for the 2022 driving season. The great oil crunch that the US is experiencing does not show any slowing signs. The inventory has been steadily tightening since April 2020. The…

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Energy
Crafting A Profitable ESG Message & Strategy

Environmental, social and governance (ESG) strategies are an essential metric for companies across industries to build not only equitable companies, but ones that are more attractive to investors, partners, and stakeholders. In this episode of E2B, Amy Stutzman, Managing Director, and Reid Brooks, Director, in Opportune LLP’s Complex Financial Reporting practice, share their insights on…

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Energy
“The World Will Be Using More Oil & Gas in 20 Years” says Chevron CEO

Chevron Chairman & Chief Executive Officer Mike Wirth said that the world will use more oil and gas in 10, 20 years. Wirth said that they want to incrementally improve understanding of new technologies and that the company will be methodical in doing so. Wirth spoke with Bloomberg’s Alix Steel. Watch or read the interview…

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Energy
The Modern Day Gold Rush in the Permian Basin

The recent discovery of a massive reservoir of oil in the Permian Basin has led to a modern-day gold rush. The discovery in West Texas helped the United States briefly become a net-exporter of oil for the first time in decades. Although that status may have been short-lived, the boom has brought jobs and…

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Construction of the HPC Data Center is Prime Destination for AI Progression
May 17, 2024

As digital infrastructure continues to evolve, the strategic development of data centers is crucial. A recent update from Applied Digital celebrates the progress of the company’s HPC Data Center in Ellendale, North Dakota, positioning it as a pivotal player in the advancement of AI technologies. Highlighted in this special video is the HPC Data…

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Nick Phillips of Applied Digital talks community engagement
Community Engagement is Key for Companies Aiming to Support and Impact Local Communities
May 17, 2024

Corporate responsibility is under the microscope but Applied Digital readily stands out for its positive impact on local communities. As part of the broader discussion on community engagement and economic development, there are several things companies can do to contribute to local prosperity. For a special episode for Applied Digital, Nick Phillips, EVP of…

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Ellendale HPC Datacenter
Ellendale HPC Datacenter
May 17, 2024

The shell of our groundbreaking Ellendale HPC Datacenter is nearly complete! With each panel and beam, we’re closer to launching a hub with unmatched AI capabilities, designed for high-density computing. Watch as we shape the future of AI infrastructure

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Sunstone Partners’ 2024 planning and strategy
Sunstone Partners Offsite 2024
May 17, 2024

Sunstone Partners’ 2024 planning and strategy meeting was held offsite in Calistoga, CA this year.  During the event the team bonded in fun activities like wine making and fantastic meals.  On the business side, there was reflection on the significant accomplishments of the team for the year, as well as focusing on upcoming goals…

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