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Big Oil Backs Mazama's $135 Million Bet On Superhot Geothermal
Big Oil Backs Mazama's $135 Million Bet On Superhot Geothermal
Mazama Energy announced $135 million in new capital with an oversubscribed Series B that included ConocoPhillips and Shell Ventures. With Devon Energy initially backing Fervo in 2023, a pattern is emerging with oil and gas veterans placing their bets in the geothermal industry.
Some of the techniques developed by the O&G industry are translating well to geothermal projects. Horizontal drilling, well completions, and underground reservoir expertise are finding new purpose in an industry that is far more politically neutral than the...
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Oct 10, 2026 / Tyler Durden
Riyadh's International Airport Suspends All Operations After Mass Casualty Houthi Missile Barrage
Riyadh's International Airport Suspends All Operations After Mass Casualty Houthi Missile Barrage
On Saturday Yemen's Houthis have once again pummeled Saudi Arabia's King Khalid International Airport in Ryiadh with a volley of ballistic missiles. A major emergency response has ensued with dozens of ambulances at the scene, and a total evacuation of the major flight hub.
In this fresh instance, which comes after multiple attacks on the kingdom's civilian aviation hubs stretching back at least a week, there appears to be mass casualties as a result.
Result of the prior October 8 attack...
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Sep 21, 2026 / Tyler Durden
These Are The Countries Where Bond Yields Are Rising Fastest
These Are The Countries Where Bond Yields Are Rising Fastest
The 10-year Treasury briefly poked above 5% this week - peaking at 5.04% on Bloomberg's tape, the highest since 2007 - before backing off. It's the first time it has been there since the October 2023 spike, and this time it arrived with company: Japan's 10-year is above 3% for the first time in three decades, Bunds are at their highest in a decade and a half, gilts are at a post-2008 high, and a Bloomberg gauge of G7 sovereign debt...
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Oct 15, 2026 / Tyler Durden
57 California Dams In Poor Or Unsatisfactory Condition, State Auditor Says
57 California Dams In Poor Or Unsatisfactory Condition, State Auditor Says
Authored by Naveen Athrappully via The Epoch Times,
A new report from the state auditor says 57 dams in California are in poor or unsatisfactory condition, posing a safety risk to hundreds of thousands of residents.
Out of those 57 dams, 40 have "high or extremely high" hazard classifications as of May, the Oct. 13 report said.
"Failure of just one of these 40 high or extremely high hazard dams could pose harm to as many as hundreds of thousands of people...
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