October 23, 2024 archive

Baker Hughes recorded a drop in earnings from 2Q to 3Q

  Baker Hughes reported a drop in earnings for the third quarter from the second quarter showing revenue of $6.9 billion, but it was an increase of 4% from a year earlier. However, the quarterly decline totaled 3%. Its adjusted EBITDA was $1,208 million which was 23% more than the previous year. The firm’s attributable …

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Deadline close at hand for schools seeking school bus replacement money

  The Oklahoma Department of Environmental Quality is reminding school districts of an approaching Nov. 1 deadline for those seeking funds to replace their diesel or gasoline-powered school buses. The Clean Diesel/DERA FY23-24 program will offer at least $331,700 but it could also be as much as $1,305,000 if expected additional federal funding is granted. …

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Energy briefs

** Dozens of U.S. Representatives from both political parties urged the Biden administration to toughen sanctions on Russian oil shipments and questioned an exception issued to the world’s largest oilfield company SLB to operate in the country. ** General Motors will invest $625 million to partner in developing a lithium mine in Nevada that will help …

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Some in Congress want more oil sanctions against Russia and question Schlumberger’s presence there

and q     At least 52 members of Congress want expanded sanctions against Russia’s oil trade in a move to reduce the country’s war treasury as it battles Ukraine. They recently wrote a letter to the U.S. Treasury and state department chiefs and raised concerns about oil and gas technology giant SLB, Schlumberger, the …

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