Author: Elon Mark

 CB&I has been awarded a contract by VMOS S.A. to build storage tanks for Argentina’s Vaca Muerta Sur oil export terminal in Punta Colorada, Río Negro Province. The contract covers engineering, procurement, fabrication, and construction (EPC) of storage capacity totaling 630,000 cubic meters (4 million barrels). The storage tanks will support the planned Vaca Muerta crude oil pipeline system, aimed at boosting Argentina’s oil exports to global markets. The 437-kilometer (272-mile) Vaca Muerta Sur pipeline will transport oil from Argentina’s shale formation to the coastal export terminal. The project is led by VMOS, a midstream joint venture backed by state-owned YPF along with Pan…

Thane is no longer the sleepy, low-rise neighbour of Mumbai. With a population of 13 million, it’s the largest district in India—and it’s transforming fast. The city has seen a wave of modern housing, new business parks, and major infrastructure projects in the works. Home prices in Thane have risen 4% year-on-year to an average ₹ 13,078 / sq ft, while long-run total returns (capital appreciation plus rent) average 8% per annum. Like what you’re reading? Get our latest, straight to your inbox. But there are also challenges. Unsold inventory is growing, many projects are facing delays, and performance varies…

“Thiel’s an interesting one,” a third GOP strategist tells me. “He’s spread his bets. Some have paid off, and some haven’t.”Maybe most important to these strategists: “Most voters don’t have a fucking clue who Peter Thiel is.” He’s behind the scenes, but very much still present in Republican politics.Thiel, like the Adelsons, “didn’t just write checks,” the first strategist explains. “They were involved, and they were present. And that’s the bigger thing I can tell ya: The tech people that had the most influence were the ones that were present.”Present, in this sense, means meeting privately with lawmakers and their…

China refined the most crude oil in nearly two years in June, as plants returned from seasonal maintenance to seize on better margins for fuels like diesel. Refining output rose to more than 15.2 million barrels a day, the strongest pace since September 2023, according to Bloomberg calculations based on figures released by the statistics bureau on Tuesday. Compared to June last year, volumes surged by 8.5%, reversing the declines seen in April and May. Improved margins and fewer idled units supported robust refining activity, with further strength expected this month as new plants come online, said Amy Sun, an analyst with GL Consulting, a think…

You can add another name to the thousands of employees leaving NASA as the Trump administration primes the space agency for a 25 percent budget cut.On Monday, NASA announced that Makenzie Lystrup will leave her post as director of the Goddard Space Flight Center on Friday, August 1. Lystrup has held the top job at Goddard since April 2023, overseeing a staff of more than 8,000 civil servants and contractor employees and a budget last year of about $4.7 billion.These figures make Goddard the largest of NASA’s 10 field centers primarily devoted to scientific research and development of robotic space…

River-based logistics are facing a critical disruption across Europe. Inland barge transport, long considered a cost-effective and environmentally friendly mode of moving liquid bulk cargo, is being tested by the increasing occurrence of low water levels. Traditionally, water levels fluctuate within manageable seasonal cycles. However, due to changing weather patterns and reduced rainfall in key regions, we are now observing sustained periods of low water. These conditions reduce the draft available for barges, effectively limiting their capacity and increasing the number of trips needed to move the same volume of product. This shift has created a ripple effect across terminal…

When you sell a long-term capital asset like land, gold, or shares, you are typically liable to pay capital gains tax on the profit earned. But what if you could legally save that tax by simply reinvesting the money into a residential house? That’s exactly what Section 54F of the Income Tax Act allows. It’s a highly beneficial exemption provision for individual taxpayers and Hindu Undivided Families (HUFs) who wish to convert their gains into a home rather than paying taxes on it. Like what you’re reading? Get our latest, straight to your inbox. This blog explains everything you need…

Whether you’re an entrepreneur starting or scaling a business, a leader at an established organization, or an individual contributor, a compelling personal brand can help you attract and retain customers or capture the attention of those who can advance your career. Not all personal brands are created equal, however. It’s not enough to have a brand—you need one that communicates your unique value. A personal value proposition can help you articulate that. Learn more about what a personal value proposition is, how to write one, and how to use it to strengthen your personal brand. Free E-Book: Your Guide to…

OpenAI is seeking capital from new and existing investors, two people familiar with the company’s plans tell WIRED. The fundraising effort is part of a $40 billion round announced in March. The round will reopen on Monday, July 28, according to one of the sources, who has direct knowledge of the fundraising effort.The $40 billion round announced earlier this year brought OpenAI’s valuation up to $300 billion, making it one of the most highly valued private startups in history. The round was led by Japanese investment conglomerate SoftBank, which committed to contributing 75 percent of the total funding. The initial…

Major wireless carriers: A necessary evil if you travel a lot, have a family, or are just interested in coverage that’s reliably consistent and widespread. AT&T is the third-largest provider in the US (first for 5G), with the largest coverage map. I’ve had various AT&T plans for more than a decade, first for just myself and now for my whole family, even though I only get one cell bar at my house and have to stand in one 5-square-foot patch of yard to make a phone call. And have lost entire days of my life to fighting unexpected random charges…