Author: omc_admin

In a release posted on its site recently, the U.S. Bureau of Land Management announced that its New Mexico State Office leased three parcels, totaling 1,262 acres, for $576,982 in total receipts for its quarterly oil and gas lease sale. The Bureau said combined bonus bids and rentals from the leases will be distributed between the federal government and the State of New Mexico. It went on to note in the release that oil and gas leases are awarded “for a term of 10 years and as long thereafter as there is production of oil and gas in paying quantities”.…

A United States trade court has ruled that President Donald Trump’s global reciprocal tariffs are illegal, finding that the president overstepped his authority by imposing the import levies last month. Wednesday’s ruling could throw Trump’s sweeping trade policies into disarray, experts say. The Court of International Trade in New York ruled that an emergency law invoked by Trump during his “Liberation Day” announcement in April does not give him unilateral authority to impose certain tariffs. Instead, the court ruled, that power resides with Congress. It also extended this ruling to previous tariffs levied earlier this year on Canada, Mexico and…

Strategic Infrastructure: Hitachi Energy’s rectifier transformers enable stable and efficient power supply for green hydrogen production via water electrolysis. Decarbonization Catalyst: The project will produce 800,000 tons of green ammonia and methanol annually, replacing fossil fuels in industrial processes. National Energy Priority: Backed by China’s energy strategy, the project is part of a broader push to scale up hydrogen as a core component of clean industry. Hitachi Energy has supplied rectifier transformers to a major green hydrogen project in Songyuan, northeast China—one of the largest integrated hydrogen-ammonia-methanol developments in the world. Built by China Energy Engineering Corporation (CEEC), the project…

Sustainability risk management tech company Socialsuite announced the launch of a new software platform aimed at helping companies manage double materiality assessments required under new sustainability reporting regulations. “Double materiality” is one of the hallmark new approaches introduced by the EU’s Corporate Sustainability Reporting Directive (CSRD), requiring reporting both on the risks and impact of sustainability issues on an enterprise, as well as on the enterprises’ impacts on environment and society, including disclosing on how material impacts, risks, and opportunities (IROs) change over time. Founded in 2015, Socialsuite provides solutions for social impact and ESG reporting. According to the company,…

AI-Powered Sustainability: SAP introduces embedded AI tools to streamline EHS and compliance processes, turning sustainability into a performance driver. Unified Data Strategy: A single sustainability data model within SAP Business Data Cloud aligns financial, operational, and ESG metrics for strategic decision-making. Process Intelligence Integration: New SAP Signavio tools enable carbon tracking and sustainability impact analysis directly within business workflows. SAP is transforming enterprise sustainability from compliance to competitive advantage through embedded AI and unified data solutions. At its annual Sapphire event, SAP unveiled a sweeping set of innovations designed to make sustainability an actionable, strategic asset across the C-suite—from COOs…

Glenfarne Group LLC has selected Worley Ltd. to complete engineering works and update the cost estimate for the Alaska LNG project in preparation for a final investment decision (FID). Worley’s work “has commenced and will utilize and supplement the extensive package of previously completed engineering work and update the cost of the pipeline”, a joint statement said. “Worley has also been selected as the preferred engineering firm for the Cook Inlet Gateway LNG import terminal and project delivery advisor to Glenfarne across the Alaska LNG projects”. Concurrently New York City-based energy investor Glenfarne launched a process to select partners to…

Brent Technical Analysis Brent markets, of course, look very much the same as the market initially rallied but gave back those gains. And now it appears that we are going to go looking at the $68 level. The $68 level is an area much like I had just talked about in light sweet crude that ended up being both support and resistance. So again, if we can break above there, it’s a very good sign that we are going higher and probably much higher, perhaps even as high as $75. I think the whole world is kind of aware of…

ACWA Power to develop up to 12.5GW of power generation in Malaysia by 2040, aligned with the country’s target of 70% renewable energy by 2050. Strategic partnerships signed with MIDA, TNB, Terengganu Inc., and UEM Lestra to co-develop projects in floating solar, gas turbines, and large-scale desalination. Initial investment of up to USD 10 billion positions Saudi-based ACWA Power as a long-term player in Southeast Asia’s energy transition. ACWA Power has announced a series of high-impact strategic agreements in Malaysia that could see up to USD 10 billion invested in the country’s clean energy and water infrastructure. The deals were…

$500M Raised: Largest forestry fund in Gresham House’s history, backed by UK pension schemes and global institutions. Climate Strategy: Fund aims to sequester 4.7M tonnes of CO₂ and support UK’s sustainability and biodiversity goals. Private Markets Access: Offers large-scale entry into forestry for institutional investors, amid growing demand for ESG-aligned, uncorrelated assets. Gresham House has closed its largest-ever forestry fund, raising $500 million for Forest Fund VI with backing from major institutional investors, including British local government pension schemes and a Japanese investor. “This is the largest fundraise in a single fund that we’ve raised and a signal of the…

Former military leaders are urging the UK government to widen its definition of national security to include climate, food and energy measures in advance of a planned multibillion-pound boost in defence spending.Earlier this year Keir Starmer announced the biggest increase in defence spending in the UK since the end of the cold war, with the budget rising to 2.5% of GDP by 2027 – three years earlier than planned – and an ambition to reach 3%.Now, in advance of a key defence review, former senior figures in the UK military are urging the government to broaden its definition of what…