ExxonMobil signs deal to explore for oil and gas near Trinidad despite criticism
The search will take place off Trinidad's east coast, in a region that spans more than 2,700 square miles (7,000 square kilometers) and is more than 6,500 feet (2,000 meters) deep, according to government officials.
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First two Venezuelan oil cargoes by Chevron after license depart to US
(Reuters) -The first two cargoes of Venezuelan oil exported by energy major Chevron after it received a fresh U.S. authorization to operate in the country last month have set sail for the United States, vessel monitoring data showed on Friday. The U.S. Treasury Department granted Chevron a new license in late July allowing it to operate in the sanctioned South American country and export its oil, a policy shift from more strict rules the Trump administration had imposed earlier this year. The Chevron-chartered tankers MediterraneanVoyager and Canopus Voyager departed from Venezuelan waters on Friday carrying cargoes of Hamaca and Boscan heavy crudes to U.S. refineries, according to LSEG data and exports records from state company PDVSA. One of the vessels was heading to the U.S. West Coast, while the other was navigating to Port Arthur, Texas, with estimated date of arrival next week, the data showed. Chevron is separately negotiating the reactivation of a supply agreement with Valero Energy that could give the U.S. refiner a portion of Chevron's entitled cargoes of Venezuelan crudes, which are popular among U.S. Gulf refiners, sources have said. Chevron has said it conducts its business globally in compliance with applicable laws and regulations, as well as the U.S. sanctions frameworks. The company's chief executive, Mike Wirth, earlier this month said exports from Venezuela would resume in small volumes. Chevron exported some 252,000 barrels per day (bpd) of Venezuelan oil to the U.S. in the first quarter, about 29% of the OPEC country's total.
Yahoo
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Trump officials wanted to give Musk's xAI a huge contract. Staffers had to explain Grok had just praised Hitler
Donald Trump's administration was close to giving Elon Musk's xAI artificial intelligence company a huge federal contract this summer, only to back out after its chatbot, Grok, began issuing antisemitic slurs, according to a report. According to Wired, emails between several AI developers and the General Services Administration, which is responsible for administering government tech contracts, chart how the proposed partnership fell apart as Musk's pet project began dabbling in Nazi rhetoric. In early June, around the time the president and the tech billionaire suffered a spectacular public falling out, exchanging barbed personal insults over their competing social media platforms, the GSA's leadership was meeting with the xAI team 'to see what opportunities may exist for automation and streamlining,' according to the outlet. Their initial two-hour sitdown was reportedly a success, prompting the GSA to pursue the company with enthusiasm, hoping to see Grok integrated into its internal infrastructure as part of the Trump administration's push to modernize the running of the central government. 'We kept saying, 'Are you sure?' And they were like 'No, we gotta have Grok,'' one employee involved in the discussions told Wired. The conversations continued over the following weeks, and xAI was eventually added to the GSA Multiple Award Schedule, the agency's government-wide contracting program. Then, in early July, Grok suddenly went haywire after an update to make it less 'woke' than its competitors went too far, leading to the chatbot referring to itself as 'MechaHitler' in homage to the robotic version of Adolf Hitler that appeared in the 1992 video game Wolfenstein 3D. Grok went on to share several offensive, anti-Jewish posts, barking 'Heil Hitler,' claiming Jews run Hollywood and agreeing they should be sent 'back home to Saturn' while denying that its new stance amounted to Nazism. 'Labeling truths as hate speech stifles discussion,' it declared. Musk's company apologized for the upset and scrubbed the 'inappropriate' posts. Still, it was not seemingly enough to save xAI's relationship with the GSA, although the furore was allegedly not noticed, at least initially, by the agency's leadership. 'The week after Grok went MechaHitler, [the GSA's management] was like 'Where are we on Grok?'' the same employee told Wired. 'We were like, 'Do you not read a newspaper?'' When the U.S. government duly announced a series of partnerships with the likes of OpenAI, Anthropic, Google Gemini, and Box, an AI-based content management platform, in early August, xAI's name was not among them. The GSA has not definitively stated that Grok's outburst was the reason for the scrapping of xAI's proposed contract, but two company employees told Wired they believed that was the case. The Independent has reached out to the GSA for more information. The GSA's talks with the AI firms coincided with Trump's administration publishing its AI Action Plan in July, which laid out its goals for the United States to become a world leader in the emerging sector while calling for a reduction in regulation and red tape. Solve the daily Crossword
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Bioethanol plant deems lack of Government support an ‘act of economic self-harm'
The UK's largest bioethanol plant has described a Government decision not to offer direct funding to the industry as 'a flagrant act of economic self-harm' which will force it to close. Vivergo Fuels, near Hull, warned earlier this year that it was in imminent danger of closure as crisis talks continued with the Government. This followed the end of the 19% tariff on American bioethanol imports as part of the recent UK-US trade deal. On Friday, the Government said: 'This Government will always take decisions in the national interest. 'That's why we negotiated a landmark deal with the US which protected hundreds of thousands of jobs in sectors like auto and aerospace. 'We have worked closely with the companies since June to understand the financial challenges they have faced over the past decade, and have taken the difficult decision not to offer direct funding as it would not provide value for the taxpayer or solve the long-term problems the industry faces. 'We recognise this is a difficult time for the workers and their families and we will work with trade unions, local partners and the companies to support them through this process. 'We also continue to work up proposals that ensure the resilience of our CO2 supply in the long-term in consultation with the sector.' Ben Hackett, managing director of Vivergo Fuels, said: 'The Government's failure to back Vivergo has forced us to cease operations and move to closure immediately. 'This is a flagrant act of economic self-harm that will have far-reaching consequences. 'This is a massive blow to Hull and the Humber. 'We have fought from day one to support our workers and we are truly sorry that this is not the outcome any of us wanted. 'This decision by ministers will have a huge impact on our region and the thousands of livelihoods in the supply chain that rely on Vivergo, from farmers to hauliers and engineers.' Mr Hackett said the industry has faced 'unfair regulations' for years that favoured overseas producers, and the recent US-UK trade deal pushed the sector 'to the point of collapse'. He said: 'We did everything we possibly could to avoid closure, but in the end it was the Government that decided the British bioethanol sector was something that could be traded away with little regard for the impact it would have on ordinary hard-working people. 'We did not go down without a fight and I hope that the noise we generated over the past three months will make the Government think twice before it decides to sign away whole industries as part of future trade negotiations.' A spokesman for Associated British Foods, which owns Vivergo, said: 'It is deeply regrettable that the Government has chosen not to support a key national asset. 'We have been left with no choice but to announce the closure of Vivergo and we have informed our people. 'We have been fighting for months to keep this plant open. 'We initiated and led talks with Government in good faith. We presented a clear plan to restore Vivergo to profitability within two years under policy levers already aligned with the Government's own green industrial strategy.' The spokesman said the Government had 'thrown away billions in potential growth in the Humber and a sovereign capability in clean fuels that had the chance to lead the world'. The bioethanol industry, which also includes the Ensus plant on Teesside, has argued the trade deal, coupled with regulatory constraints, has made it impossible to compete with heavily subsidised American products. Vivergo said the Hull plant, which employs about 160 people, can produce up to 420 million litres of bioethanol from wheat sourced from thousands of UK farms. It has described bioethanol production as 'a key national strategic asset' which helps reduce emissions from petrol and is expected to be a key component in sustainable aircraft fuel in the future. The firm recently signed a £1.25 billion memorandum of understanding with Meld Energy to anchor a 'world-class' sustainable aviation fuel facility at the site. But Meld Energy said earlier this month uncertainly over the bioethanol industry was putting this plan in jeopardy. The Vivergo plant is also the UK's largest single production site for animal feed, and the company says it indirectly supports about 4,000 jobs in the Humber and Lincolnshire region. Vivergo has said it buys more than a million tonnes of British wheat each year from more than 4,000 farms, and has purchased from 12,000 individual farms over the past decade. But it took its last wheat shipment earlier this month. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
