How Elon Musk’s SpaceX Became a Gatekeeper of Modern Warfare

Berkshire Hathaway reduced its Chevron stake by 1/3 in Q1 2024, then acquired a $2.6B stake in Delta Air Lines, adding 44% more in Q2. Delta now represents 1% of Berkshire's portfolio, valued at $5.4B. Berkshire still holds over $30B in Chevron and Occidental.

TotalEnergies completed the $800m sale of its 10% stake in the Renaissance Joint Venture to Vaaris, retaining full economic interest in key gas assets. The deal covers 15 oil licenses producing 16,000 boe/d, while preserving gas supply to Nigeria LNG. This follows a failed 2024 sale attempt to Chappal Energies.

Western Australia is investigating Chevron's Gorgon LNG project after satellite monitoring detected five large methane plumes since November 2022. The latest emission rate was 7.8 tonnes per hour. The UN previously raised concerns, and regulators are determining the source and compliance actions. Gorgon, a major LNG producer, was expected to capture more emissions than it has. The investigation highlights challenges in monitoring and enforcing emissions from large gas projects.

TotalEnergies sold its 10% stake in Nigeria's Renaissance oil assets to Vaaris for $800M, retaining gas interests. The deal, completed Tuesday, covers 15 oil licenses producing 16,000 boe/d in 2025. TotalEnergies keeps economic benefits from three gas licenses supplying 50% of Nigeria LNG's gas. The sale follows an earlier failed attempt to sell to Chappal Energies for $860M.

TotalEnergies completed an $800 million sale of its 10% stake in the Renaissance Joint Venture to Nigerian energy consortium Vaaris. The transaction follows Eni's sale of its 5% interest to Apex Global Energy, ending decades of direct ownership by Shell, TotalEnergies, and Eni in the Niger Delta venture. TotalEnergies retains economic interest in three gas licences, preserving its exposure to Nigeria's LNG exports.

TotalEnergies completed the sale of its 10% stake in Nigeria’s Renaissance Joint Venture to Vaaris for $800 million, retaining full economic interest in three gas-producing licences. The deal covers 18 licences, with 15 oil-producing ones accounting for 16,000 boe/d in 2025. The transaction marks a shift in Nigeria’s onshore oil and gas asset ownership.