Author: omc_admin

Cairn Oil & Gas, India’s largest private oil and gas E&P company, is partnering with Norway-based Electromagnetic Geoservices (EMGS), to acquire a 3D Controlled Source Electro-magnetic (CSEM) survey for its exploration campaign in the deepwater Krishna-Godavari block off India’s East coast. CSEM is a geophysical method used to map subsurface resistivity, enhancing hydrocarbon detection accuracy. EMGS is the global marine electromagnetic market leader having acquired data for global supermajors, throughout the world. Cairn is one of the early adopters of 3D CSEM survey technology in India. The EMGS vessel, Atlantic Guardian, is currently acquiring data for the KGDWHP-2017/1 block using…

Real-time ESG Risk Management: DMA Evaluate enables continuous materiality updates, aligning with evolving regulations and stakeholder expectations. Audit-Ready Automation: Built-in workflows and documentation simplify compliance and eliminate manual spreadsheet reliance. Strategic ESG Integration: AI-powered insights help leadership anticipate ESG risks and integrate them into broader business strategy. Datamaran has unveiled DMA Evaluate, a powerful enhancement to its double materiality assessment platform, designed to help companies dynamically manage ESG risks and regulatory obligations with speed, accuracy, and scale. The launch responds to mounting pressure from the Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS), which demand that businesses…

$100M Series A funding fuels Syre’s mission to decarbonize the textile industry by scaling textile-to-textile polyester recycling. H&M Group inks $600M offtake deal, securing a major share of Syre’s future recycled polyester output. Global expansion plan includes 10–12 plants by 2032, targeting over 3 million metric tons of production and 15 million tons of CO₂e abatement. Syre, a textile-to-textile recycling startup launched by H&M Group and impact investor Vargas, has raised $100 million in Series A funding to make circular polyester production a hyperscale reality within the next few years. With the global textile industry contributing 10% of CO₂e emissions…

Microsoft signs a long-term agreement with Clearway for 335 MW of wind energy from the Mount Storm project in West Virginia. The $735M repowering will cut turbines by 40% while boosting efficiency and extending the project’s lifespan by 35 years. Clean energy will help Microsoft meet its 100/100/0 goal—matching all electricity use with zero-carbon sources by 2030. Microsoft has inked a long-term power purchase agreement (PPA) with Clearway Energy Group for 335 megawatts (MW) of wind energy from the repowered Mount Storm wind farm in Grant County, West Virginia. The deal supports Microsoft’s “100/100/0” clean energy ambition—matching 100% of its…

President Donald Trump’s executive order to access critical deep-seabed minerals is raising concerns among the international authorities with jurisdiction over resources in international waters.Last week, President Trump issued an executive order to “unleash America’s offshore critical minerals and resources.” The executive order prioritizes U.S. leadership in seabed mapping and mineral exploration with the aim of ensuring reliable access to critical minerals like manganese, nickel, cobalt, and rare earth elements.Days after the executive order, The Metals Company (TMC) USA submitted applications to the National Oceanic and Atmospheric Administration (NOAA) for two exploration licenses and one commercial recovery permit under the Deep…

In the days after gunmen killed at least 26 people in the picturesque tourist resort of Pahalgam in India-administered Kashmir last week, India and Pakistan announced a string of diplomatic moves against each other, including shutting down cross-border trade and suspending visas. New Delhi accused Islamabad of involvement in the April 22 attack, suspended India’s participation in an Indus River water-sharing agreement that ensures Pakistan’s water supply and trimmed down diplomatic missions. Islamabad has denied India’s accusations, called for a neutral investigation into the attack and announced it would suspend all trade with India, including through third countries, among other…

OKLAHOMA CITY (AP) — A steady line of slow-moving thunderstorms that battered Oklahoma in recent weeks set multiple rainfall records across the state and helped ease drought conditions.But the saturated ground and torrential rains also came with a heavy price, including the deaths of multiple people who became trapped in their vehicles in rising floodwaters.On Thursday, a road washed away in a rural community south of Oklahoma City, stranding about 10 families whose only way out of their homes is a mile-and-a-half walk around a washed-out pond that broke through a retaining wall.“I’ve never wanted a Sonic cheeseburger so bad…

Panasonic has told its installation partners that it will no longer produce products for the residential solar and storage markets, but will continue to offer warranty and installation support for existing and ongoing projects. Panasonic told its North American installation partners in an April 28 letter that it will discontinue its solar and battery storage business. The letter, signed by Naoki Kamo, president of Panasonic Eco Systems North America, was shared in full by an installer on Reddit and partially published on the company’s website. “This was a strategic decision – not a reflection of the technology’s performance or the…

The three Korean battery companies, mired in losses due to the electric vehicle chasm (temporary demand stagnation), are accelerating their energy storage system (ESS) business this year to find a breakthrough. As the Donald Trump administration strongly checks Chinese batteries using tariffs as a weapon, they are strategizing to reclaim market leadership from Chinese companies. Korean companies are expanding ESS production lines in the United States and focusing on cost reduction to minimize the impact of U.S. tariffs. Among the three battery companies — LG Energy Solution, Samsung SDI, and SK On — which announced their Q1 results by April…

  Officials in Los Angeles say cargo vessels arriving at the port on the US west coast will plunge by more than a third next week. Gene Seroka, the port’s executive director, said the port expects a 35% drop in cargo from Asia next week. “It’s a precipitous drop in volume with a number of major American retailers stopping all shipments from China based on the tariffs,” Seroka said in an interview on CNBC.   ALSO SEE: Thai Central Bank Cuts Rate on Tariff Woes, Moody’s Downgrade   Major American retailers have now stopped all shipments from China and that contributes…