Author: omc_admin

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,…

Subscribe To NotificationsScan QR code to install appImportant DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you,…

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…

2025-08-19T17:15:36Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. The US backed Apple against a UK order to allow the government access to encrypted user data. The US government said Monday that the UK agreed to drop its demand. The win added to Apple’s August hot streak that includes positive talks with Trump and strong iPhone sales. Apple…

Brazil has issued an urgent call for all countries to come forward with strengthened national plans on the climate, in a last-ditch attempt to meet a key September deadline.Only 28 countries have so far submitted carbon-cutting proposals to the UN, with some of the biggest emitters of greenhouse gases – including China and the EU – still to produce their plans.On Tuesday Brazil, which will host the crunch Cop30 UN climate summit this November, issued a summons to all governments to a key meeting on 25 September, on the sidelines of the UN annual general assembly in New York. The…

BP’s massive 440,000-barrel-per-day Whiting refinery—the largest in the U.S. Midwest—was forced into flaring late Monday after severe thunderstorms dumped heavy rain across northwest Indiana, flooding the site and surrounding neighborhoods. The company said in a statement that materials were being burned in the flare stacks to maintain safe operations and that response teams were on the ground to manage the situation.BP has not clarified whether output has been curtailed.The Whiting facility, perched on the southern edge of Lake Michigan just outside Chicago, is critical to regional fuel supply, producing gasoline, diesel, and jet fuel for much of the Midwest. Any…

A group of five leading European gas transmission system operators (Snam, TAG, Eustream, NET4GAS, and OGE) has successfully completed a crucial feasibility study for the SunsHyne Corridor project, a 3,400-kilometre hydrogen pipeline linking production hubs in North Africa to consumers in Central and Western Europe. Completed on August 12, the preliminary study focused on the technical and commercial assessment of the planned hydrogen corridor, which aims to connect hydrogen producers in North Africa with a projected import capacity of approximately 450 GWh to high-demand cities along the route. Such demand areas include Southern and Northeastern Germany, where demand is projected…

(Bloomberg) – Tullow Oil Plc is in talks with its bondholders about refinancing a nearly $1.3 billion bond due next year, as the imminent maturity adds to pressure on the Africa-focused oil explorer.  Discussions have focused on both the London-listed firm’s struggling performance and its refinancing options, according to people familiar with the situation who asked not to be named discussing a private matter.  Some of the company’s bondholders have begun working with the law firm Weil, Gotshal & Manges LLP ahead of more formal discussions and potential amendments to the debt, some of the people said. Corporates…