Author: omc_admin

Kazakhstan’s oil exports via the Caspian Pipeline Consortium (CPC) are poised for a significant decline in May, with daily shipments of CPC Blend crude from Russia’s Black Sea port of Novorossiysk expected to drop to approximately 1.5 million barrels per day (bpd), down from 1.6 million bpd in April, according to industry sources cited by Reuters. The CPC pipeline, the main mechanism for Kazakhstan’s oil exports, has faced multiple disruptions in recent months, with geopolitics driving the dynamics and uncertainty. Effective April 1, CPC blend oil exports were capped at 1 million bpd, depriving the market of some 700,000 bpd, after Russian…

Drilling waste management specialist, TWMA*, has been awarded a contract with bp to provide drilling waste management services in the UK North Sea. This agreement reinforces TWMA’s position as a trusted provider of innovative solutions to the global energy industry.  The three-year agreement, which includes options for renewal, commenced in October 2024 and underscores TWMA’s capability to deliver high quality solutions to support major operators in meeting their operational and sustainability goals. The scope of work will utilize TWMA’s cutting-edge technologies, including its RotoMill**, enabling the safe and efficient processing of drilling waste directly at the wellsite. By…

Opec+’s repeated decisions to boost oil output signal an acceptance by Saudi Arabia that it is unable to push prices higher, say analysts, amid growing frustrations with other members of the cartel and ahead of a key visit to the region by US President Donald Trump.The Saudi-led group has surprised the oil market three times in as many months by raising production faster than expected, having previously delayed the unwinding of long-standing output cuts in an effort to support crude prices.While Opec-watchers are divided over whether Saudi Arabia wants to bring back all its curtailed production or just part of…

The U.S. Department of Energy (DOE) today announced the first step in the Energy Department’s largest deregulatory effort in history, proposing the elimination or reduction of 47 regulations. Energy.gov May 12, 2025  min minute read time WASHINGTON — The U.S. Department of Energy (DOE) today announced the first step in the Energy Department’s largest deregulatory effort in history, proposing the elimination or reduction of 47 regulations that are driving up costs and lowering quality of life for the American people. Once finalized, these actions will save the American people an estimated $11 billion and cut more than 125,000 words from the Code of Federal Regulations. These…

Valenzuela, a city in the national capital region of Manila, Philippines, has acquired 41 units of the BYD Dolphin. The city will use the majority of these EVs in its police force. ACMobility, the official distributor of BYD cars in the Philippines, says Valenzuela has created the country’s largest electric vehicle police fleet with the acquisition of 41 units of BYD Dolphin. The city plans to utilise 35 units for patrolling and law enforcement, five units for government office purposes, and one as a first responder vehicle. The new EV fleet is part of a “Go Green Valenzuela” programme aimed…

Prosafe has been declared the winner of a bidding process for a four-year contract by Petróleo Brasileiro SA (Petrobras) for the provision of the Safe Notos semi-submersible vessel for safety and maintenance support offshore Brazil. Contract award and timing are subject to a formal process during which Petrobras is under no formal obligation to conclude a contract and other bidders may appeal. A contract, if awarded, has a firm period commitment of four years with the operational commencement in September 2026 closely following on from the expiry of the current Safe Notos contract that commenced in Q3 2022.…

Gravity unveils plans for eight ultra-fast charging sites in the LA area, offering 500 kW speeds, autonomous-vehicle-ready infrastructure and grid-resilient technology. The first sites will go live before the end of the year. US EV charging specialist Gravity has announced plans to launch eight ultra-fast charging sites across Greater Los Angeles, each offering speeds of up to 500 kW—twice that of Tesla’s Superchargers. The new locations, set to open in 2025, will be spread across underserved high-speed charging areas, including Pacific Palisades, Manhattan Beach, East Pasadena and Long Beach. Each site will host approximately 12 of Gravity’s proprietary 500 kW…

NRG Energy will buy a portfolio of gas-fired power generation facilities valued at $12 billion from LS Power Equity Advisors, as the Houston-based firm bets on the growing U.S. electricity demand.The deal for the portfolio of natural gas generation facilities and a commercial and industrial virtual power plant (C&I VPP) platform from LS Power will be a cash and common stock transaction, NRG Energy said on Monday.The acquisition will double NRG’s generation capacity with the addition of 18 natural gas-fired facilities totaling approximately 13 gigawatts (GW). These facilities, located across nine states, expand NRG’s generation footprint in the Northeast and…

$1 Billion allocated to the largest climate and sustainability initiative in state history, supporting clean energy, transportation, and green infrastructure. $425 Million Environmental Protection Fund to drive habitat preservation, farmland protection, and climate adaptation programs. $20 Million expansion for farmworker housing and support for small-scale food processing to sustain New York’s agricultural backbone. Governor Kathy Hochul has unveiled a historic $1 billion Sustainable Future Program as part of New York’s FY 2026 Enacted Budget, advancing the state’s most ambitious environmental and agricultural agenda to date. “We have secured a record $1 billion to build a greener, more sustainable New York,”…

Global beauty company L’Oréal announced the launch of its new Sustainable Innovation Accelerator, a new program aimed at investing €100 million over 5 years to find, develop, pilot and scale breakthrough technologies addressing the company’s and industry’s sustainability-focused challenges. According to L’Oréal, under the new program, the company will actively seek and support startups, SMEs, and established innovative companies, targeting ready-to-pilot solutions in key sustainability-focused areas ranging from low-carbon solutions, alternative ingredients, and eliminating fossil plastic use and plastic waste, to low-impact processes, water resilience, nature-based solutions, and inclusive business models. The new program forms part of L’Oréal’s 10-year sustainability strategy,…