Author: omc_admin
President Donald Trump has posted more than 200 times about oil prices since he joined Twitter in 2009, with his missives providing some insight on what price he prefers for crude — and it’s not a good level for the U.S. shale industry. Goldman Sachs mined all of Trump’s posts on Twitter, X and his social media platform Truth Social. The bank found that Trump has called for lower oil prices 213 times and higher prices 15 times. The president posts the least about oil prices when U.S. crude trades between $40 and $50 per barrel, suggesting this is his…
Eni has started gas production from the Merakes East field, in the Kutei basin, offshore Indonesia. The field is in the East Sepinggan block (Eni 85%, Op.) and will contribute up to 100 MMscfd of gas or approx. 18,000 boed to Eni’s production. Merakes East is located in a water depth of 1,600 m (~5,249 ft), approximately 10 km east of the Merakes Field. It is tied back via a subsea connection to the Jangkrik Floating Production Unit (FPU) operated by Eni, situated around 50 km away. This startup is another example of fast-track development as the field…
Sustainability-focused private markets investment manager Pegasus Capital Advisors announced the appointment of SASB founder and former Blackstone Global Head of ESG Jean Rogers as Senior Operating Advisor. Founded in 1996, Stamford, Connecticut-based Pegasus specializes in blended sustainable investments across climate, food, water, and ocean ecosystems. Blended finance brings together public or philanthropic capital and private funding through a common investment structure, enabling investors to invest in certain types of investments that have high perceived risk profiles, such as new climate mitigation-related technologies. The firm is the investment manager of the Subnational Climate Fund and the Global Fund for Coral Reefs…
XRG, the newly created energy investment firm of Abu Dhabi’s national oil company ADNOC, has taken a 38% stake in a production sharing contract for an offshore block of gas and condensate fields in Turkmenistan.XRG, Malaysia’s state energy firm Petronas, and Turkmenistan’s state firm Hazarnebit have signed a new Production Sharing Contract (PSC) with state company Turkmennebit for the offshore Block I gas and condensate fields. As part of the transaction, XRG and Petronas signed a long-term gas sales agreement (GSA) with Turkmengas.Petronas will hold a 57% participating interest as owner and operator in the contract, partnering with XRG with…
2x Capture Efficiency: Climeworks’ Gen 3 DAC tech, powered by Svante’s structured adsorbents, doubles CO₂ capture compared to Gen 2. 50% Energy Reduction: Energy use slashed in half across 1,300+ real-world cycles. Proven Durability: Stable performance in extreme humidity and temperature conditions, validating scalability. Climeworks has completed large-scale testing of its Generation 3 Direct Air Capture (DAC) technology, confirming a significant leap in efficiency. Powered by Svante’s structured adsorbents, the system doubles CO₂ capture capacity and cuts energy use in half compared to Climeworks’ current Gen 2 implementation in Iceland. “Testing DAC technology at full scale and under real-world conditions…
Salaries in the logistics and supply chain industry fell in 2025 after two years of gains, with the average total compensation dropping to $120,600, down from $128,030 in 2024. This is among the results of Peerless Research Group’s (PRG) new 2025 Salary & Compensation Survey, conducted on behalf of Logistics Management. The survey involved more than 200 qualified respondents. What’s RelatedWhile pay may have cooled off, experience, education, and geography still play a major role in what professionals earn, and some factors matter more than ever. Salary Overview: The Top-Line Numbers Average salary: $120,600 Median salary: $106,000 52% of professionals saw…
In a statement posted on its website this week, the U.S. Department of Energy (DOE) announced “the first step in the Energy Department’s largest deregulatory effort in history, proposing the elimination or reduction of 47 regulations”. The statement highlighted that these actions are in accordance with U.S. President Donald Trump’s Executive Order “Zero-Based Regulation to Unleash American Energy”. Once finalized, these actions will cut more than 125,000 words from the Code of Federal Regulations, the statement noted. “While it would normally take years for the Department of Energy to remove just a handful of regulations, the Trump Administration assembled a…
CDP to cut workforce by 20% as part of a shift toward a leaner, tech-enabled model focused on innovation and efficiency. New strategic focus on real-time, sector-specific insights to reduce reporting burdens and boost decision-useful environmental data. Updated structure strengthens capabilities across Product, Growth, Operations, and Customer Success to better serve financial institutions and global supply chains. CDP, the global environmental disclosure platform, has announced a major organizational restructuring aimed at accelerating its delivery of actionable environmental data while reducing operational costs. The move is set to reduce CDP’s workforce by approximately 20% as it transitions to a leaner, technology…
By Julianne Geiger – May 14, 2025, 9:36 AM CDT Crude oil inventories in the United States saw an increase of 4 million barrels during the week ending May 9, according to new data from the U.S. Energy Information Administration released on Wednesday.Crude oil prices were trading down prior to the crude data release by the U.S. Energy Information Administration. On Tuesday, the American Petroleum Institute (API) reported a surprise build in US crude oil inventories of 4.287 million barrels in U.S. crude oil inventories with draws in gasoline and distillate stocks.At 10:21am in New York, the Brent benchmark was…
Octopus Energy Group announced the launch of a new fund aimed at allowing pension funds and private wealth investors to invest in the energy transition, with access to more than 50 renewable energy projects in 15 countries, including wind, solar and large-scale battery projects. Octopus said that the new CG Octopus Energy Sustainable Growth Fund I, or Astris, is being launched with a $220 million (£165 million) cornerstone investment and is now open to private wealth investors and pension schemes through major investment platforms. According to the company, the new fund is one of the first private market funds to…