Abu Dhabi's state-owned oil company and sovereign wealth fund have teamed with U.S. private equity firm Carlyle to make an $18.7 billion takeover bid for listed Australian energy company Santos.
Why it matters: It would be one of the largest takeovers ever in Australia, and reflects how Middle Eastern oil giants are seeking to grow their liquefied natural gas portfolios.
A who's who of top execs from oil majors, tech and power giants, and financial heavyweights will gather in private today in D.C. to discuss meeting AI's energy needs.
Why it matters: It shows how the topic is central to C-suites as hyperscalers seek energy — whether it's gas, nuclear or renewables — to supply data centers.
A startup called Near Space Labs is turning stratospheric balloons into flying robots that use AI to speed up insurance claims after disasters.
Why it matters: Hurricane season in the U.S. is here and many are bracing for the complicated aftermath of collecting insurance for property loss as well as the physical impact of potential disasters.
Flash floods in West Virginia killed at least five people and four others were missing during torrential rains that washed out roads and damaged bridges, natural gas lines and other infrastructure, officials said Sunday.
The big picture: State Gov. Patrick Morrisey declared states of emergency in Ohio County, W.Va., on Saturday and in Marion County on Sunday as multiple state agencies responded to calls for help.
