Author: omc_admin

Enterprise application software company SAP announced the launch of a series of new solutions aimed at enabling companies to manage sustainability data from across the value chain and more accurately report and comply with regulatory requirements. Announced at SAP’s annual customer event, Sapphire, several of the new tools will form part of the company’s recently released Business Data Cloud (BDC) solution, which is designed to unify data from SAP applications and third-party sources. SAP said that a new range of sustainability data products will be available as part of the BDC solution, including environment, health, and safety management product compliance…

Kyushu Electric Power will sign a 20-year supply agreement to receive LNG from Energy Transfer’s Lake Charles export facility if its development proceeds as planned.The supply deal will be Kyushu Electric Power’s first-ever agreement for LNG deliveries from the United States, which will help diversify the utility’s energy sourcing, the company said in a statement on Thursday carried by Reuters.A spokesperson for Kyushu Electric Power told the newswire that the company had not been asked by the Japanese authorities to buy U.S. LNG, amid multiple pledges from Asian countries that they would look to buy more energy products from America…

Oil prices eased on Tuesday as market participants weighed the possibility of an OPEC+ decision to further increase its crude oil output at a meeting later this week.Anadolu | Anadolu | Getty ImagesEight oil-producing nations of the OPEC+ alliance could hike output by as much as 411,000 barrels per day in July, two OPEC+ delegates told CNBC, continuing a rapid unwinding of voluntary production cuts.Markets are awaiting a final decision on July production, with the eight countries — heavyweight producers Russia and Saudi Arabia, alongside Algeria, Iraq, Kazakhstan, Kuwait, Oman and the United Arab Emirates — set to review market…

CMA CGM is taking a major step toward low-carbon transportation in Southeast Asia by launching the region’s first fully electric container barge in Vietnam. The barge will serve the busy 180-kilometer stretch between Binh Duong Province and the Bà Rịa-Vũng Tàu port, cutting about 778 tons of carbon emissions each year. What’s RelatedTo power the barge, CMA CGM and its longtime partner Gemadept are building a solar-powered charging station at Cai Mep, Vietnam’s main container port near Ho Chi Minh City. The new solar farm, located at the Gemalink terminal, is expected to produce up to 1 GWh of green electricity per…

  News that a US trade court blocked most of President Donald Trump’s trade tariffs in a major ruling on Wednesday may only be a temporary setback for the White House. That is the opinion of analysts at Golden Sachs, who said his trade goals can probably be achieved via other levies. A three-judge panel of the Court of International Trade found the president overstepped his authority by imposing across-the-board duties on imports from US trading partners. It said the US Constitution gives Congress exclusive authority to regulate commerce with other countries – and cannot be overridden by the president’s emergency…

General Motors is making its biggest engine plant investment ever—$888 million for its Tonawanda Propulsion facility in Buffalo, New York. The goal is to build the next generation of V-8 engines for full-size trucks and SUVs starting in 2027. What’s RelatedThanks to updated combustion and thermal systems, these new engines are expected to deliver stronger performance, better fuel economy, and lower emissions. GM says the move reflects its commitment to American manufacturing and keeping up with strong demand for its truck and SUV lineup. “GM’s Buffalo plant has been in operation for 87 years and is continuing to innovate the…

In a blog posted on the GasBuddy website on Tuesday, Patrick De Haan, the company’s head of petroleum analysis, said, “as we move into the heart of summer”, he believes “we’re likely to see a relatively stable stretch for gas prices as refinery maintenance wraps up”. “Don’t expect the national average to rise above $3.30 per gallon, nor drop much below $3 for now,” he added. However, De Haan warned in the blog that several factors could still influence prices in the weeks ahead, “including growing uncertainty around the upcoming hurricane season”. “We’ll also be watching OPEC+’s meeting this week…

Shell will buy TotalEnergies’ 12.5% non-operated stake in the deepwater oilfield Bonga offshore Nigeria, where the UK-based supermajor plans to develop another major project.Shell’s subsidiary operating the Bonga oilfield, Shell Nigeria Exploration and Production Company (SNEPCo), has signed an agreement to buy the French supermajor’s 12.5% stake in the OML 118 Production Sharing Contract, an oil mining lease offshore Nigeria that includes the Bonga field, Shell said on Thursday.After the deal is completed, Shell will increase its stake in the OML 118 lease to 67.5% from 55%.Production from the Bonga field began in 2005, with a capacity to produce 225,000…

Most companies in Europe are not in favor of the European Commission’s “Omnibus” initiative to reduce the sustainability reporting requirements and the scope of companies covered under the EU’s Corporate Sustainability Reporting Directive (CSRD), with a majority reporting being satisfied with the CSRD in its current form, although supportive of some improvements, according to a new survey released by professional network #WeAreEurope. For the survey, conducted in partnership with business school HEC Paris, #WeAreEurope collected responses from business leaders involved in CSRD implementation at more than 1,000 companies in 26 countries across Europe, encompassing a wide range of sectors and…

Equinor ASA has entered into underwriting agreements for the sale of debt instruments with a total principal amount of $1.75 billion. The offering consists of $550 million notes due June 2028 with a 4.25 percent interest, $400 million notes due September 2030 with a 4.5 percent interest and $800 million notes due June 2035 with a 5.125 percent interest. The interests are payable semi-annually, according to a regulatory filing Wednesday. The unsecured notes will be issued in denominations of $1,000 and integral multiples of $1,000 in excess thereof. The underwriters are Barclays Capital Inc., BofA Securities Inc., Deutsche Bank Securities…