Author: omc_admin
Walmart, the world’s largest retailer, will have to start raising prices later this month due to the high cost of tariffs, executives have warned in a clear signal that United States President Donald Trump’s trade war is filtering through to the US economy. As a bellwether of US consumer health, Walmart’s explicit statement on Thursday is also a signpost for how the trade war is affecting companies as Walmart is noted for its ability to manage costs more aggressively than other companies to keep prices low. Walmart’s shares fell 2.3 percent in morning trading after it also declined to provide…
GORDON FELLER, Contributing Editor Fig. 1. The Gulf continues to be the primary U.S. offshore source of oil and gas, generating about 97% of all OCS oil and gas production. Image: Bureau of Ocean Energy Management. Hydrocarbon exploration and production (E&P) projects in the Gulf of America/Gulf of Mexico (the Gulf) have been influenced by a range of external factors over the past year. Significant changes to the external environment, including political, economic and financial conditions, are affecting hydrocarbon projects in ways that could not have been predicted during 2024. Such significant “externalities” make for a challenging…
India is fast cementing its status as the world’s top engine of oil demand growth—overtaking China earlier than expected and showing no signs of slowing down.According to OPEC’s latest Monthly Oil Market Report, India’s oil demand is projected to grow by 3.4% in 2025 to 5.74 million barrels per day (bpd), and then rise another 4.3% in 2026 to 5.99 million bpd. That’s more than double China’s projected growth rates of 1.5% and 1.25% for those years, respectively.The jump in Indian oil consumption is being driven by the country’s strong economic momentum—fueled by consumer spending, manufacturing expansion, and continued government…
(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…
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.…
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…