Author: omc_admin

Shell Plc’s liquefied natural gas project in Canada, the country’s first large-scale export terminal for the fuel, is preparing to begin overseas sales as soon as late June. The facility is testing equipment ahead of the start of LNG production according to people with knowledge of the situation who asked not to be identified as the details are private. The export plans could change depending on the rate of progress at the project, the people said. The project remain on track to load first cargoes by the middle of 2025, an LNG Canada spokesperson said by email.  The project is…

People walk past an advertisement feature Donald Trump with Bitcoin in Hong Kong. May James | Lightrocket | Getty ImagesShares of KindlyMD skyrocketed 600% Monday after the healthcare company announced a merger with Nakamoto Holdings, a bitcoin investment company founded by David Bailey, a key cryptocurrency advisor to President Donald Trump.The newly formed company has secured $200 million in convertible debt and $510 million in fresh capital through a private investment in public equity (PIPE) deal, offering shares at $1.12 each.The raise drew support from more than 200 investors, including Actai Ventures, Arrington Capital, BSQ Capital Partners, Kingsway, Van Eck, and…

Plus: Building Waymo’s electric robotaxi future; Trump’s EPA is killing Energy Star Current Climate brings you the latest news about the business of sustainability every Monday. Sign up to get it in your inbox. Aligned Climate Capital Ithas been a gloomy period for clean energy-oriented fundraising since the Trump Administration kicked off in January–and proceeded to gut U.S. climate science and regulations while announcing plans to undo a range of federal programs incentivizing the shift away from greenhouse gas-spewing fossil fuels to noncarbon energy sources. But now Aligned Climate Capital, a cleantech fund managing a $2 billion portfolio, just raised…

German Chancellor Friedrich Merz called on Friday for the European Commission to eliminate the Corporate Sustainability Due Diligence Directive (CSDDD) requiring companies to address their negative impacts on human rights and the environment across their value chains, as part of a broad move to reduce compliance and regulatory burdens on companies. The statement, made by Merz during a press conference alongside European Commission President Ursula von der Leyen in his first visit to Brussels as Chancellor, follows a coalition agreement to form a government in Germany in April that included eliminating Germany’s own human rights and environmental supply chain due…

Murphy Oil Corp. has declared an oil discovery in Block 15-1/05 in the Cuu Long Basin offshore Vietnam. Exploration well Lac Da Hong-1X, or Pink Camel, encountered 106 feet of net oil pay from one reservoir after being drilled to a total depth of 13,616 feet in 151 feet of water. Testing yielded a maximum flow rate of 2,500 barrels per day (bpd). “Additional testing showed high-quality oil with an API gravity of 38 degrees”, the Houston, Texas-based oil and gas explorer and producer said in its quarterly report. The well sits 3 miles southwest of Murphy’s Lac Da Vang (Golden Camel) field…

Propane marketing firm Alliance Energy Services said it has acquired 18 propane terminals from NGL Energy Partners LP. The acquisition “significantly expands Alliance Energy Services’ infrastructure, strengthening its ability to serve customers across key markets nationwide,” the company said in a news release. Financial terms of the transaction were not disclosed. The propane terminals are strategically located across multiple regions and will enhance Alliance Energy Services’ capacity to meet the growing demand for reliable propane supply, the company said. The company said it aims to integrate the facilities into its existing network and optimize distribution, as well as improve logistics…

Crude oil futures jumped 4% on Monday, after the U.S .and China agreed to slash tariffs, easing trade tensions between the world’s two largest petroleum consumers.U.S. crude oil was up $2.52, or 4.1%, to $63.54 per barrel. Global benchmark Brent rose $2.33, or 3.65%, to $66.24 per barrel.Washington and Beijing agreed over the weekend in Switzerland to slash sky high tariff rates by 115%, U.S. Treasury Secretary Scott Bessent said Monday. The lower tariff rate will remain in place for 90 days as the world’s two largest economies continue to negotiate, Bessent said.”I would imagine in the next few weeks…

Oil jumped by 3% early on Monday after the United States and China agreed to slash tariffs on each other, easing concerns about global trade and the economy.  As of 6:52 a.m. on Monday, the U.S. benchmark, WTI Crude, was up by 3.13% at $62.93. The international benchmark, Brent Crude, moved up above $65 per barrel and traded at $65.79, up by 2.93% on the day. The market was expecting on Monday the outcome of the initial U.S.-China trade talks in Geneva this weekend.  Early on Monday, the White House announced that the United States and China will each lower tariffs by 115%…

The United States and China have agreed to roll back some of the steep tariffs they placed on each other’s goods, giving both sides 90 days to cool tensions and continue negotiations. What’s RelatedUnder the deal, U.S. tariffs on Chinese imports will drop from 145% to 30%, while China will cut its own tariffs on American goods from 125% to 10%. The change takes effect Wednesday and follows a weekend of intense talks in Geneva between trade officials from both countries. President Donald Trump’s 20% fentanyl-related tariff will stay in place, but most of the broader trade war measures will…

Tokyo: Oil prices rose on Monday after both sides in U.S.-China trade talks over the weekend touted their progress, which lifted market sentiment that the world’s two largest crude users may be moving toward a resolution of their trade dispute.Brent crude futures climbed 27 cents, or 0.4 per cent , to $64.18 a barrel at 0001 GMT. U.S. West Texas Intermediate (WTI) crude futures were trading at $61.30 a barrel, up 28 cents, or 0.5 per cent , from Friday’s close. Both benchmarks increased more than $1 on Friday and gained over 4 per cent last week, notching their first…