
Continental Resources signed a memorandum of understanding with Venezuela's state oil company to develop and operate a 126,000-acre crude patch in the Orinoco Belt with estimated 30 billion barrels of reserves.
AI-generated summary
Continental Resources is a major privately held oil and gas producer headquartered in Oklahoma City. Venezuela possesses significant oil reserves in the Orinoco Belt but has faced challenges in developing them due to economic and political issues.
Continental Resources on Wednesday signed a memorandum of understanding with Venezuela's state oil company to develop a massive crude patch in the South American nation.
Continental will develop and operate a patch in the Orinoco Belt that spans 126,000 acres and possesses an estimated 30 billion barrels of reserves, the company said in a statement.
Headquartered in Oklahoma City, Continental is one of the largest privately held oil and natural gas producers in the world.

Amazon announced a $1 hourly wage increase for U.S. core operations workers to at least $20/hour starting September 27, along with new grocery discounts and a lifetime banking benefit through Day 1 Financial, aiming to support employees ahead of the holiday season.
The Indian government reduced export levies on petrol by Rs 1 per litre to Rs 0.5, on diesel by Rs 5 per litre to Rs 20, and on aviation turbine fuel by Rs 4 per litre to Rs 15, effective September 16 for a fortnight, reversing the September 1 rate hike amid the West Asia crisis.

The SEC issued a “Stay tuned” message quoting its Chairman Paul Atkins, signaling regulatory action on cryptocurrencies with or without legislation, the day after the failure of the CLARITY Act in the Senate and hours before a Fed rate hike to 3.75%-4.00%, while the cryptocurrency market remains torn between signals of openness and monetary tightening.

White House spokesman Kush Desai called the Federal Reserve's decision to raise interest rates 'unfortunate', saying the administration does not consider it supported by compelling economic reasons.

White House spokesman Kush Desai called the Federal Reserve's decision to raise interest rates 'unfortunate,' saying it was not supported by compelling economic rationales from the administration's perspective.
The Golden Plains Wind Farm in Victoria supplies green energy to major data centre operators Amazon and Equinix, but rising demand from AI-driven data centres strains Victoria's aging grid, prompting debates over transmission projects like VNI West and Western Renewables Link amid community opposition and looming coal plant retirements.