Author: omc_admin
(Investing) – LONDON – OPEC on Wednesday trimmed its forecast for growth in oil supply from the United States and other producers outside the wider OPEC+ group this year and said it expected lower capital spending following a decline in oil prices. Supply from countries outside the Declaration of Cooperation – the formal name for OPEC+ – will rise by about 800,000 barrels per day in 2025, OPEC said in a monthly report, down from last month’s forecast of 900,000 bpd. A slowdown in supply growth outside OPEC+, which groups the Organization of the Petroleum Exporting Countries plus Russia and other…
WASHINGTON – The Department of Energy (DOE) today announced new actions to increase accountability and promote responsible stewardship of American taxpayer dollars. In a Secretarial Memorandum entitled, “Ensuring Responsibility for Financial Assistance,” U.S. Secretary of Energy Chris Wright outlined DOE’s policy for evaluating financial assistance on a case-by-case basis to identity waste of taxpayer dollars, protect America’s national security and advance President Trump’s commitment to unleash affordable, reliable and secure energy for the American people. “Over the past 110 days, the Energy Department has been hard at work reviewing the billions of dollars that were rushed out the door, particularly in the…
Perenco has announced a successful drilling operation for its Onyx well, encountering significant columns of natural gas in two separate geological compartments. The Onyx field is an undeveloped gas discovery located within the TSP license, offshore Trinidad. TSP is a joint venture between Perenco T&T Limited, the Operator, Heritage Petroleum Company Limited and The National Gas Company of Trinidad and Tobago Limited. The subsurface information is currently under review and development options will be evaluated to move the discovery towards final investment decision (FID). “I am very proud of the successful results of the Onyx wells. Our objective was…
Perenco has announced a successful drilling operation for its Onyx well, encountering significant columns of natural gas in two separate geological compartments. The Onyx field is an undeveloped gas discovery located within the TSP license, offshore Trinidad. TSP is a joint venture between Perenco T&T Limited, the Operator, Heritage Petroleum Company Limited and The National Gas Company of Trinidad and Tobago Limited. The subsurface information is currently under review and development options will be evaluated to move the discovery towards final investment decision (FID). “I am very proud of the successful results of the Onyx wells. Our objective was…
Valeo raises €650 million through green bonds to finance low-carbon mobility and electrification projects. Bonds carry a fixed 5.125% annual coupon and mature in May 2031 under Valeo’s Green and Sustainability-Linked Financing Framework. The issuance supports Valeo’s CAP 50 target of reaching Net Zero emissions by 2050 across global operations and the European value chain. Valeo has successfully raised €650 million ($728 million) through a green bond issuance maturing on 20 May 2031, offering a 5.125% fixed annual coupon. The proceeds will finance projects aligned with its low-carbon mobility strategy, particularly in vehicle electrification. “The net proceeds of the transaction…
Evri is merging with DHL eCommerce UK in a major deal that will create one of the biggest parcel delivery companies in the UK. The combined business will handle over a billion parcels and a billion letters a year, putting it closer to Royal Mail’s volumes. What’s RelatedThe deal gives Evri a big boost in both services and international reach. It also marks the first time Evri will offer a letter delivery service, thanks to DHL’s UK Mail operation becoming part of the group. DHL’s e-commerce arm will be rebranded as Evri Premium, a DHL eCommerce network, and will continue…
High-Value Deal: The proposed 20% stake sale values Plenitude between €9.8–€10.2B, with an enterprise value exceeding €12B. Strategic Capital Model: The move aligns with Eni’s “satellite model” to fund clean energy growth while preserving traditional business cash flow. Growing Renewable Portfolio: Plenitude targets 10 GW of renewable capacity and 40,000 EV charging points by 2030. Eni has entered exclusive negotiations with Ares Alternative Credit Management for the sale of a 20% stake in its clean energy arm, Plenitude—marking a potential deal that values the company between €9.8 and €10.2 billion, and gives it an enterprise value north of €12 billion.…
Mubadala Investment Co. and Kimmeridge Energy Management Co. LLC have signed a memorandum of understanding (MOU) to expand their collaboration on natural gas and LNG opportunities. That builds on an agreement signed April in which Emirati sovereign investor Mubadala will acquire a 24.1 percent stake in the United States asset manager’s SoTex HoldCo LLC. The purchase, via the issuance of new equity, will give Mubadala its first energy assets in the United States. SoTex’s business consists of an upstream unconventional gas position in the Eagle Ford in South Texas, held via Kimmeridge Texas Gas, and the planned Commonwealth LNG in…
First U.S. Tool Built on EU’s PEF Standards: Global Impact Score is the first free online platform in North America aligned with the EU’s Product Environmental Footprint (PEF) framework, preparing brands for upcoming eco-design regulations. Holistic Measurement Beyond Carbon: The tool analyzes 16 environmental indicators—from water use to eco-toxicity—enabling apparel companies to pinpoint and reduce environmental impact across the product life cycle. Strategic Shift from Greenwashing to True Impact: Brands gain access to real-time eco-design simulations, empowering them to move from cosmetic ESG gestures to data-backed sustainability strategies. Glimpact has launched Global Impact Score, the first freely accessible online platform…
In case you missed it, the Department of Energy issued a notice to Harvard University this week terminating approximately $89 million in grant funding from DOE’s Office of Science and Advanced Research Projects Agency – Energy due to the University’s policy of racial discrimination. This cancellation from DOE resulted in an immediate savings of $7 million to the American taxpayer and was issued in coordination with the Joint Task Force to Combat Anti-Semitism’s letter to Harvard University announcing the termination of $450 million in grants from eight government agencies in addition to $2.2 billion that was previously frozen by the Trump Administration.Excerpts…