Author: omc_admin

Sustainable agriculture and biological solutions provider Indigo Ag and Microsoft announced their second carbon removal agreement, with a new commitment from Microsoft to purchase 60,000 soil carbon credits generated through the promotion of regenerative agriculture practices by U.S. farmers. The new transaction follows an initial 40,000 carbon credit purchase agreement by the companies last year. Founded in 2013, Indigo Ag provides nature-based and digital technologies aimed at helping farmers improve profitability and environmental sustainability. The company launched its carbon program in 2019, helping farmers adopt regenerative agriculture practices including cover crops, diversified crop rotation, reduced tillage and improved nitrogen timing,…

Michigan is sitting on a motherlode of potash and Ted Pagano is using $1.3 billion in government funds to mine it and grab market share away from Canada and Russia. The eureka moment came in 2012, when professor emeritus William Harrison of the University of Western Michigan invited Ted Pagano, then a 35-year-old freelance geologist, to his 27,000-square-foot geological repository in Kalamazoo. A rock nerd’s heaven, the warehouse’s heavy-duty shelves feature crates of minerals from across the state. But Pagano was there to see something specific: the 80 pallets of rock cores donated in 2008 by the Mosaic Company, a…

Libyan authorities have arrested three suspects accused of breaking into the headquarters of the National Oil Corporation (NOC), the Attorney General’s Office said shortly after the eastern government warned it could declare force majeure on oilfields and oil export terminals.Representatives of a militia broke earlier this week into the NOC headquarters in Tripoli, and demanded that they be given jobs protecting the building.In response to the incident, the Benghazi-based eastern government of Libya said it might declare force majeure on oil export terminals and oilfields due to “repeated assaults on the National Oil Corporation (NOC).”Although the Libyan government in the…

Sustainable aviation fuel (SAF) provider SkyNRG announced today a new investment round, raising up to €300 million (USD$340 million), with proceeds aimed at growing its platform with new SAF production facilities across Europe and the U.S. The funding round included an investment of up to €250 million from global pension asset manager APG on behalf of Dutch pension fund APB, and approximately €50 million from returning investor Macquarie Asset Management (MAM). Arjan Reinders, Head of Infrastructure Europe at APG, said: “SkyNRG is a frontrunner in the SAF market, demonstrating an entrepreneurial spirit and a strong commercial focus. SkyNRG represents the…

In a release sent to Rigzone on Thursday, Baker Hughes announced an award from Frontier Infrastructure Holdings for 16 NovaLT gas turbines to power its data center projects in Wyoming and Texas. Baker Hughes noted in the release that, as part of the award, it is supplying Frontier its NovaLT gas turbine technology and associated equipment, including gears and Brush Power Generation four-pole generators, to power dedicated energy islands at Frontier’s behind the meter (BTM) power generation sites. The NovaLT gas turbine is a multi-fuel solution that can start-up and run on different fuels, including natural gas, various blends of…

Call it an “Everything Store,” just without the clutter.Amazon has been getting rid of billions of product listings deemed “unproductive” through a confidential project called “Bend the Curve,” according to an internal planning document obtained by Business Insider.The document reveals that Amazon planned to remove at least 24 billion ASINs, or unique product listings, from its marketplace. These underperforming items range from poor-selling items to those with misleading descriptions or inactive pages.”Reduce active ASINs in the Amazon Catalog to be less than 50B (projected to be 74B by EOY 2024) by cleaning up unproductive selection,” the document stated, giving a…

Nvidia’s revenue climbed to $44.1 billion last quarter, yet one of the chip giant’s most important metrics doesn’t have a dollar sign in front of it.”OpenAI, Microsoft, and Google are seeing a step function leap in token generation,” said Nvidia CFO Colette Kress on the company’s Wednesday earnings call.”Microsoft processed over 100 trillion tokens in Q1, a fivefold increase on a year-over-year basis,” she continued.Throughout May, top tech executives — many of whom are also some of Nvidia’s largest customers — have been boasting about their token growth.Though somewhat hard to track from outside the AI cloud or foundation model…

WASHINGTON (AP) — A key U.S. inflation gauge slowed last month as President Donald Trump’s tariffs have yet to noticeably push up prices, while American incomes jumped. Friday’s report from the Commerce Department showed that consumer prices rose just 2.1% in April compared with a year earlier, down from 2.3% in March and the lowest since September. Excluding the volatile food and energy categories, core prices rose 2.5% from a year earlier, below the March figure of 2.6%. Economists track core prices because they typically provide a better read on where inflation is headed.The figures show inflation is still declining…

Tankers carrying Iranian crude to China are turning off their trackers, Kpler has reported, as cited by Bloomberg, as the threat of new U.S. sanctions looms large despite ongoing nuclear deal negotiations.“Ship-to-ship transfers have been used to mask the origin of those cargoes,” a Kpler analyst told the publication. “Now they’re switching signals off for longer, so that it’s now even harder to trace those flows back to the source, which is Iran,” Muyu Xu also said.The U.S. State Department earlier this month rolled out another round of sanctions targeting an Iranian oil smuggling network allegedly responsible for funneling billions…

ABUJA, Nigeria (AP) — Torrents of predawn rain unleashed flooding that killed at least 111 people in a market town where northern Nigerian farmers sell their wares to traders from the south, officials said Friday as they predicted that the death toll would grow. The Nigerian Hydrological Services Agency did not immediately say how much rain fell after midnight Thursday in the town of Mokwa, which sits in the state of Niger more than 180 miles (300 kilometers) west of Abuja, capital of Africa’s most populous nation. Communities in northern Nigeria have been experiencing prolonged dry spells worsened by climate…