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6d07/09

BP Weighs North Sea Exit Under New CEO

BP has started to simplify its portfolio and cut costs, and will make fewer but better choices in which projects to invest, chief executive Meg O’Neill said on Thursday. “We are taking concrete action to grow long-term value for shareholders: simplifying our portfolio, reducing costs, maintaining tight discipline on capex and strengthening the balance sheet,” O’Neill, the first female CEO of a Big Oil company, wrote in a LinkedIn post to reflect on the first 100 days as top executive of BP. “We

◇ unclassifiedmiddle-east · russia · usa
6d07/09

Why China is finally letting AI firms buy the Nvidia H200

For months, the United States and China have been locked in an unusual stand-off over cutting-edge chips – the building blocks of the artificial intelligence industry. In early 2026, Washington took the rare step of approving Nvidia’s H200 graphics processing unit for export to China, but Beijing has deliberately restricted Chinese firms from purchasing them as it pursues a tech self-sufficiency drive. Now, however, China’s stance is beginning to change, as the government plans to let selected..

◇ unclassifiedchina · asia · usa
6d07/09⚠ war-conflict · 3/5

Up to 100 gigawatts: China unveils its high-power microwave weapon arsenal

China’s high-power microwave (HPM) weapons can deliver an output of up to 100 gigawatts (GW), according to defence scientists – a milestone that could transform the future of warfare and stimulate advancements in civilian research and industry. In a paper published this month in the journal High Power Laser and Particle Beams, researchers from the National University of Defence Technology (NUDT) detailed a series of advanced pulsed-power devices built by China’s military in recent years. This is

◇ unclassifiedchina · asia
6d07/09

High Oil Prices Are Fueling a New Heavy Crude Rush in Canada

Who says price isn't a rationing mechanism? Rather than sink billions into long-term oil sands projects, Alberta energy companies are increasingly chasing the Clearwater formation, a conventional heavy oil field that allows producers to capitalize on rising crude prices far more quickly, according to Bloomberg. The surge in activity has been significant. Alberta approved 1,764 drilling licenses between Jan. 1 and June 12, the busiest start to a year since 2014. Roughly one-fifth of those permits

◇ unclassifiedmiddle-east · russia · usa
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