** NOV Inc. hold a conference call to discuss its fourth quarter and full year 2024 results on Wednesday, February 5, 2025, at 10 a.m. (Central Time). NOV will issue a press release with the Company’s results after the market closes for trading on Tuesday, February 4, 2025. The call will be webcast live on www.nov.com/investors.
** One of the latest acquisitions in the Permian Basin is of 46,000 acres known as the Wolf Bone Ranch in the Delaware Basin by LandBridge Company LLC. It made the acquisition from VTX Energy Partners, a subsidiary of VTX Energy Partners, LLC, a Vitol investment.
** Congress approves 17 Louisiana flood control projects, including a $5.9 billion plan to build a levee and elevate thousands of buildings.
** Rivian reaches a confidential deal with the UAW that would make it easier to unionize the EV maker’s workforce if the company reaches profitability.
World
** Brazilian officials found 163 Chinese nationals working in “slavery-like conditions” at a construction site for a factory owned by Chinese electric vehicle producer BYD in Brazil’s Bahia state, the local labor prosecutor’s office said during a news conference this week.
** Russia is set to lose yet another source of income for its war chest in days — and it’s Ukraine calling the shots. An agreement to let piped Russian natural gas transit via Ukraine to Europe is set to expire at the end of the year, depriving Moscow of billions of dollars in income for its wartime economy.
** India is reviewing a decade-old $30 billion programme requiring coal-fired power plants to install equipment to cut sulphur emissions after government-backed studies showed they had little impact on curbing pollution, according to a document reviewed by Reuters.