RIG Financial News

By Richa Naidu

To most, Céline Dion‘s voice is lulling and enchanting, but for some locals in Porirua, New Zealand, the Quebecer’s music means sleepless nights.

Crypto mining companies have ramped up efforts to maximize efficiency and reduce their environmental impact amid concerns that the Israel-Hamas war could lead to another winter energy crisis.

Santos has taken steps to start installing the pipeline for its $5.8 billion Barossa gas project in the Timor Sea, even as it awaits regulatory approvals for the drilling work it was forced to suspend more than a year ago because of a court ruling.

By Jack Queen

₹20,000 crore in Kerala’s Vizhinjam Transhipment Terminal by 2030, managing director and chief executive Karan Adani said on a day the upcoming transhipment terminal officially received its first ship. The Zhen Hua 15, carrying cranes ordered for the port construction, was formally received by Kerala chief minister Pinarayi Vijayan and joined by various dignitaries. A water salute from towing rigs welcomed the visiting vessel.

Bitcoin-bullish presidential candidate Robert F. Kennedy Jr. has announced that he is now chasing his country’s highest office as an independent, rather than as a member of the Democratic party.

(Reuters) — Exxon Mobil (NYSE:XOM) is in advanced talks to acquire Pioneer Natural Resources (NYSE:PXD) in a deal that could value the Permian Basin producer at about $60 billion, according to people familiar with the matter.

The booming crypto industry has given rise to many cloud mining platforms and hashpower marketplaces. However, few have what it takes to meet the needs of an average crypto buyer or blockchain novice. Thanks to its simplicity, reliability, and robust service offer, NiceHash falls within this small group.

ASICRUN has started making a strong impact on the crypto market with the recent launch of its suite of advanced ASIC miners. The company’s new products, AR1 Miner, AR2 Miner, and EliteAR Miner come with market leading hash rates, making crypto mining more rewarding than ever before.

Narendra Modi-led NDA government has provided Rs 2.05 lakh crore to West Bengal under various rural development schemes in the past nine years, way above the Rs 58,058 crore released during the UPA regime, rural development minister Giriraj Singh said on Monday, rejecting the state's allegations of discrimination. On Monday, Trinamool Congress (TMC) workers held protests in Delhi, alleging that the Centre isn't releasing funds to West Bengal under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) and other rural schemes. The Centre stopped the release of funds to West Bengal in early 2022 under Section 27 of the MGNREGA on the ground that the state government had failed to initiate adequate action against those involved in the alleged irregularities detected by national monitoring teams in 2019 and 2021, Union government officials had said earlier. Still, Rs 54,150 crore (central share) has been released to West Bengal under the MGNREGS in the past nine years, against Rs 14,985 crore by the UPA government, Singh said in a statement released by the rural development ministry. Similarly, Rs 30,000 crore has been released to the state under the Pradhan Mantri Awas Yojana, compared with Rs 4,466 crore during the UPA period, he added. Singh accused the TMC-led West Bengal government of siphoning off public money released by the Centre by issuing 2.5 million fake NREGS job cards.

Mumbai: Adani Energy Solutions Ltd (AESL), previously known as Adani Transmission Ltd, on Monday announced the commissioning of the Kharghar Vikhroli Transmission Ltd (KVTL) project, a critical infrastructure project that will allow an additional 1,000 MW of reliable power for Mumbai to help meet its ever-growing demand for electricity and mitigate grid failures and power cuts. Mumbai’s daily electricity demand is expected to hit 5,000 MW by FY25 from the current peak demand of 4,000 MW, according to Adani Energy Solutions, so 1,000 MW would constitute 20% the city’s power supply in FY25.

Logic might tell you that the people most likely to suffer workplace accidents are those who do the most dangerous jobs. A recent study, however, finds that isn’t the case.

U.S. oil prices soared Wednesday to their highest level in more than a year. Most frackers plan to stay on the sidelines.

The Brazilian state of Santa Catarina has barred public officials, including police and military officers, from mining crypto.

California's Democratic governor has vetoed a bill that would have required human drivers to be on board self-driving trucks

Investing.com — Oil prices stabilized Monday as investors balanced off concerns about a hit to U.S. economic activity following last week’s Federal Reserve meeting with a tight supply outlook.

prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that could dampen demand. Brent crude futures climbed 48 cents, or 0.5%, to $93.75 a barrel by 0110 GMT after settling 3 cents lower on Friday. U.S. West Texas Intermediate crude futures extended gains for a second straight session, trading at $90.53 a barrel, up 50 cents, or 0.6%. «Crude oil prices have started the week on the front foot, as the market continues to digest Russia's temporary ban on diesel and gasoline exports, into an already tight market, offset with the Fed's hawkish message that rates will stay higher for longer,» IG Markets analyst Tony Sycamore said. Both contracts snapped a three-week winning streak to fall last week after a hawkish Federal Reserve stance rattled global financial sectors and raised oil demand concerns. Prices had rallied more than 10% in the previous three weeks on forecasts of a wide crude supply deficit in the fourth quarter after Saudi Arabia and Russia extended additional supply cuts to the end of the year. Last week, Moscow temporarily banned gasoline and diesel exports to most countries in order to stabilise the domestic market, fanning concerns of low products supply especially for heating oil as the northern hemisphere heads into winter. In the United States, the number of operating oil rigs fell by eight to 507 last week, their lowest since February 2022, despite higher prices, a weekly report from Baker Hughes showed on Friday. Expectations of better economic data this week from China, the world's largest crude importer, also lifted sentiment.

Lok Sabha elections should be held on paper ballots and not on Electronic Voting Machines (EVMs). While speaking to news agency ANI, Tiwari said, “Democracy is too precious to be left to technology.

Florida agriculture losses from Hurricane Idalia are estimated at between $78 million and $371 million, with producers also suffering widespread damage to such infrastructure as irrigation rigs and fences

California lawmakers and union leaders are asking Gov. Gavin Newsom to sign a bill that would save jobs as large self-driving trucks are tested on public roads