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First of 30 oil lease sales planned for Gulf of Mexico draws $300 million from companies

First of 30 oil lease sales planned for Gulf of Mexico draws $300 million from companies

Oil companies have offered $300 million for drilling rights in the Gulf of Mexico in the first offshore lease sale for the region since 2023

First of 30 oil lease sales planned for Gulf of Mexico draws $279 million in bids from companies

First of 30 oil lease sales planned for Gulf of Mexico draws $279 million in bids from companies

Oil companies have offered $279 million for drilling rights in the Gulf of Mexico in the first offshore lease sale in the region since 2023

Oil steady as supply concerns cap gains, market eyes Ukraine peace talks

Oil steady as supply concerns cap gains, market eyes Ukraine peace talks

SINGAPORE, Dec 10 (Reuters) - Oil prices held steady on Wednesday after falling about 1% in the previous session, as concerns over supply outpacing demand capped gains and investors watched for progress in Russia-Ukraine peace talks.

Companies offer $279 million for Gulf of Mexico drilling rights in first of 30 planned oil sales

Companies offer $279 million for Gulf of Mexico drilling rights in first of 30 planned oil sales

Oil companies have offered $279 million for drilling rights in the Gulf of Mexico in the first offshore lease sale in the region since 2023

US allows negotiations on Lukoil's foreign assets until January 17

US allows negotiations on Lukoil's foreign assets until January 17

Dec 10 (Reuters) - The United States on Wednesday extended a deadline for negotiations on buying the global assets of Russian oil company Lukoil by a little over a month to January 17.

US holds first Gulf of Mexico oil and gas auction since 2023

US holds first Gulf of Mexico oil and gas auction since 2023

Dec 10 (Reuters) - The Trump administration will hold the government's first sale of oil and gas drilling rights in the Gulf of Mexico since 2023 on Wednesday, a key test of industry appetite for offshore acreage at a time when the United States is seeking to unleash more domestic fossil fuel

First of 30 oil lease sales planned for Gulf of Mexico draws $279 million

First of 30 oil lease sales planned for Gulf of Mexico draws $279 million

Oil companies have offered $279 million for drilling rights in the Gulf of Mexico in the first offshore lease sale in the region since 2023

U.S. Hotels Face Profitability Challenges Amid Rising Labor Costs

U.S. Hotels Face Profitability Challenges Amid Rising Labor Costs

U.S. Hotels Face Profitability Challenges Amid Rising Labor Costs

South Korea's SK On, Ford Motor to end US battery joint venture

South Korea's SK On, Ford Motor to end US battery joint venture

By Heekyong Yang, Hyunjoo Jin and Joyce Lee SEOUL, Dec 11 (Reuters) - South Korean battery maker SK On said on Thursday that it has decided to end its joint venture with Ford Motor for their joint battery factories in the U.S. as part of a business overhaul to focus on growth areas like energy

NOG Expands Utica Gas Portfolio with $1.2 Billion Acquisition with Infinity

NOG Expands Utica Gas Portfolio with $1.2 Billion Acquisition with Infinity

NOG Expands Utica Gas Portfolio with $1.2 Billion Acquisition with Infinity

Exxon forecasts higher earnings growth, oil production through 2030

Exxon forecasts higher earnings growth, oil production through 2030

By Sheila Dang and Vallari Srivastava HOUSTON, Dec 9 (Reuters) - Exxon Mobil on Tuesday said it will target $25 billion in earnings growth from 2024 to 2030 and increase oil and gas production, as the top U.S. oil producer leans on profitable assets in Guyana and the Permian Basin.

CommonSpirit Health Launches Project Impact to Address Financial Losses

CommonSpirit Health Launches Project Impact to Address Financial Losses

CommonSpirit Health, one of the largest healthcare providers in the United States, is implementing a new improvement plan called Project Impact to address significant financial losses. Despite achieving year-over-year operating improvements, the organization reported an adjusted operating loss of $165 million for the most recent quarter and a $225 million loss for the fiscal year ending June 30, 2025. Project Impact, unveiled in early October, aims to cut costs and boost revenue across eight major areas, including digital/IT, business operations, clinical operations, and revenue optimization. The plan is guided by consultants and has an 18- to 36-month timeline, with some projects being accelerated to achieve quicker results.