Author: omc_admin
Prime Minister Mark Carney said he’ll consider altering environmental regulations passed by his predecessor, Justin Trudeau, in order to facilitate investment in major projects in Canada, including oil and gas pipelines. “We will change things at the federal level that need to be changed in order for projects to move forward,” Carney told CTV News in an interview that aired Tuesday, shortly after his new cabinet was sworn into office. Asked if those changes might apply to C-69 — legislation that created new rules for environmental assessments — or to a proposed cap on oil and gas industry emissions, he replied: “Absolutely it could…
Oil dropped after a government report showed US crude inventories rose the most in two months, overshadowing the lingering relief from the trade truce between the world’s two largest economies. West Texas Intermediate dipped 0.8% to settle near $63 a barrel, snapping a four-session winning streak. Global benchmark Brent closed around $66. US crude stockpiles rose 3.45 million barrels, the biggest gain since March, the Energy Information Administration said Wednesday. “Crude futures are in a corrective phase,” said Dennis Kissler, senior vice president for trading at BOK Financial Securities. Crude’s 50-day moving average of about $63.90 has so far provided…
(Oil Price) – The Permian Basin has been the star of the U.S. shale oil and gas industry for years. But this star is, at least for the time being, dimming as production costs rise with the natural depletion of top-quality acreage. But there is another formation that could take up the torch from the Permian. And it’s in Canada. The Montney Formation in Western Canada spans Alberta and British Columbia is one of the largest natural gas deposits on the continent. It also has some rather solid crude oil resources—and some of the lowest production costs in the industry. “The primary benefit of Canadian…
Most TVs sold today have 4K screens, and many computer monitors also feature 4K panels. But what does 4K actually mean, and how does it improve visual quality for movies, TV shows, and games? The term 4K refers to a display’s resolution, which plays a huge part in how much detail a screen can show. In 2025, 4K resolution is the standard for high-quality media, and compared to older high-definition (HD) and standard definition (SD) resolutions, it’s a big improvement. The best TVs all feature 4K screens, and top models are more affordable than ever. Below, we’ve broken down all the ins…
Nigerian writer Abi Daré has won the inaugural Climate fiction prize for her novel And So I Roar, the follow-up to her bestselling debut The Girl with the Louding Voice.Daré was announced as the winner of the £10,000 prize at a ceremony in London on Wednesday evening.“I am still slightly stunned but so honoured and thrilled,” she said. “As a Black British-Nigerian woman, receiving this prize is a reminder that we do not need to wait for permission to step into global conversations or to contort our stories to fit a certain lens.”And So I Roar by Abi Daré. Photograph:…
XRG, PETRONAS and the Turkmenistan State Enterprise Hazarnebit have signed a new Production Sharing Contract (PSC) with the State Concern Turkmennebit for the offshore “Block I” gas and condensate fields in Turkmenistan. As part of the transaction, XRG and PETRONAS signed a long-term Gas Sales Agreement (GSA) with State Concern Turkmengas. Under the terms of the PSC, PETRONAS will hold 57% participating interest as owner and operator, partnering with XRG (38%) and the Turkmenistan State Enterprise Hazarnebit holding the remaining 5%. Located in the Caspian Sea, Block I currently produces approximately 400 MMcfgd. It offers significant long-term potential, with access to…
(Bloomberg) — Oil giant Saudi Aramco signed agreements with major U.S. companies potentially totaling about $90 billion. The company signed 34 memorandums of understanding and pacts through its Aramco Group Co., covering collaborations and partnerships on liquefied natural gas, fuels, chemicals, emission-reduction technologies and artificial intelligence, among other fields, Aramco said in a statement. The world’s largest oil company announced the agreements following U.S. President Donald Trump’s stop in Riyadh on his first scheduled trip abroad since returning to power. The American president wants the energy-rich Gulf states to ramp up investments in the U.S. and buy more…
Subscribe To NotificationsScan QR code to install appImportant DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you,…
Donald Trump has continued his tour of the Middle East with a stop in Qatar, marking the first time a United States president has made an official state visit to the Gulf country. But just before he boarded Air Force One to fly into the Qatari capital of Doha, Trump made history in another way: He took his first-ever meeting with Syria’s new president, Ahmed al-Sharaa. Wednesday marked the halfway point in Trump’s four-day trip, which included an opening stop in Saudi Arabia and will conclude in the United Arab Emirates. And as with his other stops, Trump underscored warming…
Nuclear energy technology startup Realta Fusion announced that it has raised $36 million in a Series A financing round, with proceeds aimed at bringing its modular magnetic mirror fusion energy technology closer to commercialization. Founded in 2022, Wisconsin-based Realta provides technology aimed at enabling the development of the lowest capital and least complex path to commercially competitive fusion energy. The company has developed a fusion energy system based on the compact magnetic mirror concept, in which extremely strong magnets trap super-heated hydrogen gas between two ends of a simple cylinder. Hydrogen atoms within the cylinder can then collide and fuse…