Author: omc_admin

Staatsolie has launched a new Open-Door Offering that makes roughly 60% of Suriname’s offshore acreage available for exploration, marking one of the country’s most significant steps to attract new investment in the Guiana basin. The initiative, announced Monday, allows qualified exploration and production companies to apply for acreage across shallow-water and deepwater zones, with the option to propose their own work programs. Companies may choose between a Production Sharing Contract (PSC) or a Joint Study Agreement/Technical Evaluation Agreement (JSA/TEA). Staatsolie will publish acreage selections online, triggering a 90-day window for competing proposals. The Guiana basin has become one of the…

Nuclear technology company X-energy announced that it has raised $700 million in a Series D financing round, with proceeds aimed at helping the company expand its supply chain and commercial pipeline, as it scales up to deploy advanced small modular reactors for companies including Amazon, Dow and Centrica. The new funding round was led by trading firm Jane Street, and included participation from new investors ARK Invest, Galvanize, Hood River Capital Management, Point72, Reaves Asset Management, XTX Ventures, as well as ARK Invest, Galvanize, Hood River Capital Management, Point72, Reaves Asset Management, XTX Ventures. The new round follows an earlier…

A new coalition, United for Autonomy, has launched in Washington, D.C., to create a federal policy framework for autonomous vehicles (AV) in the United States. The group includes 28 organizations, spanning technology groups, transportation associations, safety advocates, industry coalitions, and supply chain stakeholders. What’s RelatedThe group says the U.S. needs a unified federal approach, not a patchwork of state-level rules. In announcing the coalition, Jeff Farrah, CEO of the Autonomous Vehicle Industry Association, said, “It is exciting to see a broad range of stakeholders come together to push common sense policy that will solidify American leadership in autonomous vehicles. Autonomous vehicles…

Russian e-commerce giant Wildberries and eco-tech partner Ecoplatform are celebrating the third anniversary of their “Not Just a Thing” textile donation program with a massive milestone: customers have donated more than four million clothing and accessory items totaling over 1,600 tons for reuse or recycling. Why it matters The fashion industry is one of the world’s top polluters, responsible for roughly 8–10% of global carbon emissions and massive textile waste. Turning everyday online-shopping pickup points into donation hubs has made circularity effortless for millions of consumers — a scalable model that ESG investors are watching closely in emerging markets. The…

Saudi Arabia’s AlKhorayef Group has started preparations for a potential listing of its oil and gas services subsidiary, according to people familiar with the matter, adding to the list of companies looking to go public in the kingdom. The group has reached out to firms that could help arrange a possible IPO of AlKhorayef Petroleum, the people said, declining to be identified discussing confidential information. The preparations are at an early stage, and no final decision has been taken on whether to proceed with a transaction, the people said.  Representatives for AlKhorayef Group did not respond to a request for…

China’s 15th Five-Year Plan (2026-2030) is set to overhaul the real estate sector, pivoting toward sustainability, green innovation, and ESG-driven growth, according to a new Cushman & Wakefield report. The analysis spotlights how this blueprint could unlock massive opportunities for ESG investors eyeing low-carbon assets in the world’s largest property market. Why it matters For ESG investors, real estate is a emissions powerhouse—accounting for 34% of global carbon output. China’s shift to zero-carbon zones and ESG-integrated valuations could supercharge sustainable portfolios, aligning with global net-zero goals while offering resilient returns in emerging sectors like EVs and AI. The big picture…

What actually makes a video go viral?Jay Neo, the 21-year-old self-described “content nerd” who formerly worked for YouTube’s most-followed creator, MrBeast, has been obsessed with finding the answer to that question since he was a teenager.Neo spent his teen years running Discord servers for games like Minecraft and making short-form video content.The key metric Neo had his eyes on was retention: Are people sticking around for the whole video? Or are they scrolling away?Neo said he meticulously studied each video’s retention graph to see where people were dropping off. Understanding how and why someone might scroll past a video can…

(Bloomberg) – Beacon Offshore Energy LLC, an oil explorer backed by Blackstone Inc., is betting on a drilling renaissance in the U.S. Gulf of America/Gulf of Mexico as it starts up some of the most productive wells in the US using new technology to pump once-impossible-to-reach crude.   The company’s four wells, which started producing between July and October, are pumping an average of 25,000 bpd, Chief Financial Officer Marc Hensel said in an interview.  “These are the largest producing wells in all of North America, not just in the Gulf,” said Hensel, who helped form Beacon in 2016 with backing…

North America added 12 rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was published on November 21. The total U.S. rig count increased by five week on week and the total Canada rig count rose by seven during the same period, taking the total North America rig count up to 749, comprising 554 rigs from the U.S. and 195 rigs from Canada, the count outlined. Of the total U.S. rig count of 554, 533 rigs are categorized as land rigs, 19 are categorized as offshore rigs, and two are categorized as inland water…

(Bloomberg) – Beacon Offshore Energy LLC, an oil explorer backed by Blackstone Inc., is betting on a drilling renaissance in the U.S. Gulf of America/Gulf of Mexico as it starts up some of the most productive wells in the US using new technology to pump once-impossible-to-reach crude.   The company’s four wells, which started producing between July and October, are pumping an average of 25,000 bpd, Chief Financial Officer Marc Hensel said in an interview.  “These are the largest producing wells in all of North America, not just in the Gulf,” said Hensel, who helped form Beacon in 2016 with backing…