Author: omc_admin

Within the AI boom — or bubble, as Sam Altman called it at a recent dinner — there will be winners and losers. Some will likely soar like Amazon did out of the dot-com days; others may flounder like Pets.com.In the late 1990s, the stock market reached new heights, propelled by the rise of digital-first companies. The dot-com bubble eventually burst, sending companies like Webvan and eToys.com into bankruptcy. That era also spawned some of the tech mammoths we still use today, like Amazon and eBay.OpenAI chairman Bret Taylor thinks that era and the AI boom have a lot in common. On…

Offshore transportation provider ATPI has secured updated contracts with two major offshore U.S. drilling contractors.  The contracts hold multi-million-dollar value and follow established relationships that have been in place for over 10 years. The updated terms for each contract will continue for the next five years. Supporting workforce logistics for both multinational crew rotations and shore-based and corporate personnel, ATPI will provide comprehensive travel solutions to each operator to ensure safe and efficient transfer of crew to and from drilling sites and offshore rigs.  Within the renewed partnerships, ATPI has introduced bespoke crew booking platforms that integrate directly…

Liquefied natural gas demand and prices are both set to rise through the end of this year, according to Woodside Energy Group Ltd., Australia’s biggest producer of the fuel. Declining domestic gas production and rising energy needs in emerging Asian economies such as India, the Philippines, Vietnam and Malaysia will help drive the growth, Chief Executive Officer Meg O’Neill said in an interview on Tuesday. Meanwhile, Japan, South Korea and China will remain key customers, she said. “We’re starting to see more demand from the non-OECD nations in Asia,” O’Neill said on a call after the company released earnings for…

Oil slid as traders weighed the outlook for a ceasefire in Ukraine, with President Donald Trump pushing for a summit between Vladimir Putin and Volodymyr Zelensky after a series of high-level talks. West Texas Intermediate fell 1.7% to settle near $62, while Brent dipped 1.2% to settle around $66. Any eventual peace deal could pave the way for fewer restrictions on Russian crude exports, though Moscow has largely kept its oil flowing since the conflict began. Trump called the Russian president and urged him to start making plans for a one-on-one meeting with Zelensky after discussions with the Ukrainian leader…

The Interior Department just laid out a decades-long offshore leasing calendar under the One Big Beautiful Bill Act, locking in regular auctions in the Gulf of America and Alaska’s Cook Inlet. At least 30 Gulf sales and six in Cook Inlet are scheduled, according to a Department of the Interior press release—the clearest signal yet that the Trump administration is leaning hard into offshore drilling as the backbone of its energy agenda.The Gulf still does the heavy lifting when it comes to US oil production, pumping 14–15% of all U.S. crude. Twice-yearly lease sales give operators something they haven’t had…

Indonesia Energy Corporation (IEC), an E&P company focused on high-growth energy assets, has signed a Memorandum of Understanding (MOU) with Aguila Energia e Participações Ltda. (AEP), an affiliate of Rio de Janeiro–based investment firm Aguila Capital.  The MOU establishes a cooperative framework between the parties to jointly identify, evaluate, and pursue potential opportunities to acquire or participate in oil and gas or other energy-related assets and projects in Brazil. The cooperation combines IEC’s oil and gas and capital market experience with AEP’s capabilities in local Brazilian transactions, regulatory engagement and asset development. “This collaboration marks an exciting first…

Rising Phoenix Capital has announced the strategic sale of a 661.88 net royalty acre mineral package in the Barnett shale, located in Denton County, Texas. Operated by BKV Barnett, this asset was part of the Rising Phoenix Royalty Fund III, LP and represented a high-cash-flow position with near-term development upside.  While many mineral buyers and investment shops have shifted their focus to the Permian basin and other high-profile plays, Rising Phoenix Capital remains active in basins where others have moved on. “We’re active in the Permian, but we also look for opportunities in areas like the Barnett shale,…

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A US stake in Intel doesn’t mean that President Donald Trump would put his finger on the scale for the beleaguered chipmaker.Treasury Secretary Scott Bessent said on Tuesday that while the White House wants to increase US-based production of semiconductors, it would not pressure companies to do business with Intel.”Yeah, the last thing we’re going to do is put pressure, is to take a stake and then try to drum up business,” Bessent said during an interview on CNBC.Bessent’s comments come amid reports that the White House is discussing a deal that would give the US a 10% equity stake…

(Bloomberg) – Liquefied natural gas demand and prices are both set to rise through the end of this year, according to Woodside Energy Group Ltd., Australia’s biggest producer of the fuel.  Woodside CEO Meg O’Neill Declining domestic gas production and rising energy needs in emerging Asian economies such as India, the Philippines, Vietnam and Malaysia will help drive the growth, Chief Executive Officer Meg O’Neill said in an interview on Tuesday. Meanwhile, Japan, South Korea and China will remain key customers, she said. “We’re starting to see more demand from the non-OECD nations in Asia,” O’Neill said on…