By Curtis Williams HOUSTON (Reuters) – Venture Global LNG will begin commercial operations at its Calcasieu Pass plant in Louisiana on April 15, the company said on Monday, some three years after it shipped its first LNG cargo in a move that led to a protracted dispute with customers. Long-term customers, including Shell and BP, …
By Tom Hals WILMINGTON, Delaware (Reuters) – Delaware lawmakers on Monday proposed changes to the U.S. state’s widely used corporate law that would limit shareholder lawsuits after several high-profile companies said they might move their legal home to another state. The bill sets out steps that corporate boards could take to insulate directors and controlling …
Delaware bill would limit investor lawsuits as companies threaten to leave the state Read More »
LONDON/SINGAPORE/HOUSTON/NEW YORK (Reuters) – Woodside Energy has held talks with several potential buyers of stakes in its Louisiana liquefied natural gas plant, including Tokyo Gas, Japan’s JERA and Saudi Aramco-backed MidOcean Energy, multiple sources told Reuters. The timing of the stake sale is a test case for buoyant market expectations around LNG with the return …
By Andrea Shalal WEST PALM BEACH, Florida (Reuters) -The Air Force One program may be further delayed until 2029 or years later, a senior administration official said, citing supply chain issues and changing requirements, after the White House said the project failed to deliver a new plane on time over the weekend. The delays are …
By Valerie Volcovici and David Shepardson WASHINGTON (Reuters) – The Federal Aviation Administration fired fewer than 400 employees out of its workforce of 45,000, Transportation Secretary Sean Duffy said on Monday, as questions rise around air traffic safety amid a spate of recent plane accidents. Duffy posted the number of layoffs in a social media …
FAA fires fewer than 400 workers, transportation chief says Read More »
Venture Global shares hit a one-week peak on Tuesday, after several brokerages initiated coverage with bullish ratings on the company despite its drab market debut in January. Venture Global stock was last up 5.8% at $16.87. The liquefied natural gas (LNG) provider began trading on the New York Stock Exchange at $24.05 per share on …
Venture Global climbs after brokerages start coverage with bullish ratings Read More »
(Reuters) -San Francisco Federal Reserve Bank President Mary Daly on Tuesday said that while there is no reason to be discouraged about bumpy and sometimes imperceptible progress toward 2% inflation, the U.S. central bank should keep short-term borrowing costs where they are until the progress is more visible. “Policy needs to remain restrictive until … …
Fed policy should stay restrictive until there’s more inflation progress: Daly Read More »
By Rachael Levy and Marisa Taylor (Reuters) – U.S. Food and Drug Administration employees reviewing Elon Musk’s brain implant company Neuralink were fired over the weekend as part of a broader purge of the federal workforce, according to two sources with knowledge of the matter. The cuts included about 20 people in the FDA’s office …
By Vallari Srivastava and Pooja Menon (Reuters) – Diamondback Energy said on Tuesday it would buy certain units of EnCap Investments-backed energy producer Double Eagle for $4.08 billion in cash and stock, expanding its presence in the oil-rich U.S. Permian basin. The shale firm has been doubling down on the Permian basin, which straddles West …
Diamondback Energy to expand in Permian basin with $4.08 billion deal Read More »
By Andrea Shalal WASHINGTON (Reuters) – The World Bank said on Tuesday it will restructure its global operations by shifting its regional management teams from Washington to hub offices around the world, a move aimed at helping the bank respond better and more quickly to local needs. “This latest step in our decentralization marks a …
World Bank to decentralize operations, shift regional VPs to overseas hubs Read More »
