PIONEER NATURAL RESOURCES CO

Eat, pray, work.. want a detox retreat? Step into your office

According to a report by fitness technology company GOQii last month, almost 45% of India's population hovers dangerously close to being classified as unhealthy, adversely affecting not only individual mental and physical well-being but also diminishing productivity.

Most Visionary Companies to watch in 2024

Ex-PepsiCo CEO Indra Nooyi advises Indian students in US to be 'watchful' amid a string of tragedies

Former PepsiCo CEO Indra Nooyi advised Indian students in the US to prioritise safety and security, urging them to respect local laws, avoid drugs and excessive drinking. She emphasised the importance of staying alert, making wise choices, and seeking support from university resources and local communities.

Humans have driven Earth's freshwater cycle out of stable state: Study

Human activity has significantly altered the Earth's freshwater resources, surpassing the stable conditions that existed before industrialisation, according to a study published in the journal Nature Water. Dam construction, large-scale irrigation, and global warming are among the human pressures that have impacted freshwater resources, putting their ability to regulate ecological and climatic processes at risk.

View: There’s a gold rush brewing in green hydrogen, it needs to show results soon

Spindletop and Deepwater Horizon represent the petroleum age, while geological hydrogen seeks its own iconic image. Recent discoveries suggest vast quantities below the surface, capable of displacing 40% of natural gas consumption. The industry aims to compete with green hydrogen production from water splitting.

Just how climate-friendly are timber buildings? It’s complicated

The wood components are strong enough to hold up an office tower or apartment block, and building with them is thought to emit much less CO2 than using standard materials.

Investing in PSUs: Risks are of a different nature and so is reward for these 45 public sector stocks

Few years back, for a PSU stock to do well there was an unwritten rule on Dalal street. Is that company a divestment candidate? If yes, then the street would look at in a positive manner otherwise it was a no go area. Nobody on the street was interested in looking at whether the company is growing at a good enough rate, what the business was, whether it had any moat or not. Over the years, as no divestment took place, interest in PSU came down. The only time there was some activity at these stocks was when dividends were announced as the yield was high in these stocks. But then all of sudden things changed. In the last nine months, PSU stocks are the new stars of Dalal street. Will 2024 see the continuation of this trend ?

How sustainability will shape India's construction industry

As awareness grows about the environmental impact of construction activities, Indian builders and developers are embracing sustainable practices with innovative solutions.

Decarbonising aviation is vital for climate action as a rising non-Western middle class starts to fly — COP28 has raised this ambition: Robert J. Miller

Aviation directly contributes 2% to 3% to total greenhouse gas emissions. But it also has non-CO2 effects — when a plane flies at a certain altitude, it sometimes leaves a persistent contrail, the cloudy line at its back. At times, this forms clouds and traps heat to Earth which can raise the effect to 6%. Now, in 2018, only 11% of the world flew. But a rising middle class across Asia, South America and Africa will be flying soon — that 2% or 6% sum will increase, Robert J. Miller is Chair in Aerothermal Technology at Cambridge University said.

What's self-sufficient habitation? How to build a home that needs minimum external resources

With growing environmental awareness, people are embracing a lifestyle that minimizes ecological footprints. This journey involves harnessing renewable energy sources, sustainable water management, eco-friendly food production, and energy autonomy. Self-sufficient habitation is not just about practical aspects but also adopting a conservation mindset, ensuring a consistent source of fresh produce, and community engagement.

India must invest in carbon capture and use technologies and gaming

​ExxonMobil's acquisition of Pioneer Natural Resources, a shale oil biggie in the Permian Basin, for $59.5 billion. Microsoft's acquisition of gaming giant Activision Blizzard for $68.7 billion, giving the tech giant access to an additional raft of popular games for its Xbox player. The merger in the oil and gas space makes it clear that some energy majors do not expect oil and gas to go quietly into the night soon. They expect these fuels to remain viable and active long enough for the acquirer to make good on its giant investment. Other oil majors are scouting around for shale partners to acquire.

Climate change poses a real trade-off in sustainable resource management — India faces this with the use of water now: Charles A. Taylor

Generally, as places become higher income, two forces are at work. First, the relative returns to non-agricultural work increase — so, people move from farms to cities into manufacturing, the service sector, etc. This reduces demand for land. Second, there is often an intensification in technology where farming gets more productive, taking some marginal lands out of production.

How stars aligned for Exxon's $60 billion deal with Pioneer

Exxon Mobil Corp's CEO Darren Woods and Pioneer Natural Resources CEO Scott Sheffield played key roles in the $60 billion acquisition deal between the two companies. The acquisition will make Exxon the largest shale producer in the Permian basin. Sheffield will receive a $29 million payout and join Exxon's board as a director.

Pioneer's mega-sale to Exxon will trigger $71 mln in exec windfalls

Known as golden parachutes, such payments are commonplace in corporate America and are intended to incentivize management to sell a company even if it means ending their own employment.

Exxon Mobil to buy shale rival Pioneer for nearly $60 billion in stock

Exxon Mobil plans to acquire Pioneer Natural Resources in an all-stock deal worth $59.5 billion, making it the largest producer in the largest US oilfield. The deal represents Exxon's largest acquisition since buying Mobil Oil in 1998 and is the biggest acquisition by any company this year.

Exxon in talks to pay over $250 per share for Pioneer

An all-stock deal could be announced as soon as Wednesday, the person said.

Cleantech startups in Dubai: Pioneering a sustainable future

Dive into Dubai's cleantech startups, discover cutting-edge solutions, and learn about their crucial role in building a sustainable future.

HC seeks response from Reliance on govt appeal accusing co of committing 'fraud, unjust enrichment of over $1.729 billion'

The Delhi High Court has asked for a response from Reliance Industries and others regarding the government's appeal accusing the conglomerate of committing fraud and unjust enrichment of over $1.729 billion by siphoning gas from deposits they were not authorized to exploit. The government argues that Reliance knew about the connectivity of its block with that of ONGC's block and deliberately extracted and sold gas without permission.

PM Narendra Modi wants to make India a chipmaking superpower. Can he?

According to India's government, the microprocessor chips that power all things digital will soon be fully made in India. It's an ambition as unlikely as it is bold, and speaks volumes about Modi's belief that he can propel India into the top tier of advanced technology manufacturing.

DMRC to make passengers aware about CO2 emissions reduction due to Metro travel

The Delhi Metro Rail Corporation (DMRC) has launched a "CarbonLite Metro Travel" initiative for passengers to know how much carbon emissions they have saved while using the metro instead of petrol-fueled cars. "CarbonLite Metro Travel" was supported by research from The Energy and Resources Institute (TERI), Delhi, that each kilometer travelled by metro train instead of road vehicles “results in a noteworthy reduction of 32.38 grams of CO2 emissions”.

Blackstone acquires diamond certification co IGI for $570 mn

Blackstone on Sunday said that it has acquired International Gemological Institute (IGI) from China's Fosun and Roland Lorie, part of the founding family for an undisclosed sum. Sources in the know said Blackstone is paying $570 million as enterprise value for the company, inclusive of cash/ debt.

As India becomes world's most populous nation, cries grow louder about depleting resources

With a growing population, natural resources are depleted faster than they can be replenished, leading to poor air and water quality, water scarcity, extreme weather events, and a host of other public health issues. As India overtakes China as the most populous country in the world, concerns have emerged around depleting natural resources

Biden appoints two Indian-Americans to Advisory Committee for Trade Policy and Negotiations

​​ On Friday, Biden announced his intent to appoint 14 people to the Advisory Committee, which provides overall policy advice to the United States Trade Representative on matters of development, implementation, and administration of the US trade policy.