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🚨 New investigation Oxy built the world's largest carbon-capture plant by capacity in 2010. It never operated at more than a third of its capacity. In 2022, Oxy quietly sold it for a fraction of the price. Story with Natasha White & Kevin Crowley bloomberg.com/news/features/… See🧵

ICYMI lots of Texas bond news last week... Mitchell Ferman covers the latest effort underway (w/ support from big names like Chevron and Diamondback) for a $1.4 billion bond to upgrade Midland's schools (1/2) bloomberg.com/news/articles/…

At stake in North America's busiest oil field as we wait for election results: Oil Bosses Try to Sell Tax-Leery Texans $1.4 Billion School Bond bloomberg.com/news/articles/…

Voters approve a $1.4 billion bond sale to refurbish and expand the aging, overcrowded school system in Midland, Texas, the unofficial shale-oil capital of the US, preliminary results show bloomberg.com/news/articles/… by Mitchell Ferman via Bloomberg Markets

Big Texas power news from Mitchell Ferman and Naureen S. Malik : Both Ercot independent market monitor Carrie Bivens and PUC Commissioner Will McAdams are set to resign bloomberg.com/news/articles/…

NEW from me and Naureen S. Malik: It's been almost 3 years since deadly Winter Storm Uri. In its wake, energy markets were scrutinized like never before. But there's a blind spot in the natural gas market: Texas intrastate pipelines (1/x) bloomberg.com/graphics/2023-…

Occidental Petroleum agreed to acquire Texas #shale driller CrownRock in a cash-and-stock deal valued at about $10.8 billion as consolidation heats up in North America’s most-prolific #oil basin. $OXY By Kevin Crowley Mitchell Ferman trib.al/et2tAEj

US oil companies including Diamondback Energy are considering small #nuclear reactors to power drilling operations in Texas’s #Permian Basin. Oklo $FANG By Will Wade Mitchell Ferman trib.al/hqrw1Wf

LONG READ: A father-daughter pair of Texas politicians wields influence in the energy industry while also owning a piece of the action bloomberg.com/news/features/… w/Mitchell Ferman via Bloomberg Markets

What a crazy tale of a father-daughter dynasty that shapes oil and politics in Texas, which powers the US as world's largest oil producer. By David Wethe Mitchell Ferman bloomberg.com/news/features/…

No matter what grip you think you've got on how things work, there's always a family you've never heard of that's quietly in charge of swaths of America. Here's David Wethe and Mitchell Ferman on the Craddick clan of Texas bloomberg.com/news/features/…

ICYMI: The key to challenging the global influence of OPEC+ is a dusty corner of New Mexico that accounted for 17% of all US oil output last year. Nice reporting from Mitchell Ferman bloomberg.com/news/articles/… via Bloomberg Markets

👀🌬️BP and Japan's biggest power producer Jera will merge their offshore wind businesses as the British oil major seeks to cut its exposure to the troubled green power sector. With Will Mathis and Mitchell Ferman bloomberg.com/news/articles/…

Reposting with the link: The secret ingredient in recent US labor productivity has been efficiency gains in shale drilling, according to Texas-based econ reporter Catarina Saraiva and our crack energy team David Wethe Mitchell Ferman and Kevin Crowley bloomberg.com/news/features/…

Twenty miles outside Corpus Christi, Texas — an area so dry the local water company distributes shower timers at high school football games — the world’s richest man is building a #lithium plant that could require as much as 8M gallons of #water per day. bloomberg.com/news/articles/…

BP CEO Murray Auchincloss faces a critical moment next month when he makes a 'make-or-break' presentation of a new strategy to investors (the strategic update has been delayed to Feb 26 from the original Feb 11). via Mitchell Ferman | #OOTT $BP bloomberg.com/news/articles/…

BP’s pledge for a “fundamental reset” is the biggest test yet for CEO Murray Auchincloss, who will unveil the specifics in a few weeks, writes Mitchell Ferman trib.al/oOtEg5W

Considering the interest about Ukraine's mineral resources, I'm re-upping my @Opinion column about the country's "rare earth elements." For the nth time: Ukraine does not any significant reserves (let alone mines) of rare earth elements. bloomberg.com/opinion/articl… #Ukraine

Shell and BP took body blows from their failed clean-energy strategies, but they still see profits in trading on the transition, writes Mitchell Ferman trib.al/zpLoUKM

European oil majors’ profits slid to start the year — and that’s before they see serious stress from the global trade war, writes Mitchell Ferman bloomberg.com/news/newslette…