Author: omc_admin

Energy Transfer is targeting a final investment decision on its Lake Charles LNG export project in Louisiana by the end of the year as it is progressing with contracting LNG offtake volumes, the U.S. pipeline giant said during the Q1 earnings call.Energy Transfer is developing the project, which will convert its existing Lake Charles LNG import and regasification facility into an LNG export facility.The Lake Charles LNG project is fully permitted, uses existing infrastructure, and benefits from an abundant natural gas supply through existing connections to the Henry Hub and connectivity to Energy Transfer’s vast network of natural gas pipelines,…

$610M Deal Expands Schroders’ Renewable Portfolio: Schroders Greencoat strengthens its renewable asset base with a stake in the 389 MW West of Duddon Sands offshore wind farm. Ørsted Unlocks Capital for 8 GW Build-Out: The divestment supports Ørsted’s self-funded pipeline to nearly double its offshore wind capacity. Partnership Model Reinforced: The transaction deepens an established relationship between Schroders Greencoat and Ørsted, with five joint wind projects now in operation. Schroders Greencoat, the renewable infrastructure investment arm of Schroders Capital, has acquired a 24.5% stake in the UK’s West of Duddon Sands offshore wind farm from Ørsted for £456.1 million (approx.…

Pioneering Move: NYK Line is the first Japanese firm to purchase a portfolio of carbon dioxide removal (CDR) credits from Climeworks, signaling a shift in how maritime emissions are addressed. Net-Zero Roadmap: The credits, delivered from FY2026, support NYK’s 2050 net-zero goal by offsetting hard-to-abate Scope 1 emissions from shipping operations. Strategic Carbon Removal: The agreement includes a mix of engineered and nature-based technologies like BECCS, biochar, and enhanced rock weathering to permanently remove CO₂ from the atmosphere. NYK Line has taken a significant step toward decarbonization, becoming the first Japanese company to purchase a portfolio of carbon dioxide removal…

The Network of Central Banks and Supervisors for Greening the Financial System (NGFS), announced today the launch of its first set of short-term scenarios, aimed at enabling central banks and financial sector supervisors to analyze the near-term impact of climate change and climate-related policies on the stability and resilience of economies and financial systems. The NGFS was established in 2017, with the purpose of helping to strengthen the global response required to meet the goals of the Paris agreement and to enhance the role of the financial system to manage risks and to mobilize capital for green and low-carbon investments…

Rebrands ESG as “Energy, Security and Geostrategy” to align capital markets with Europe’s strategic autonomy goals. Launches new thematic indices tracking defence, energy, and critical infrastructure to increase investor access. Overhauls ESG index methodology to ease defence sector participation while maintaining alignment with EU regulations. Euronext is leading a strategic shift in European capital markets by redefining ESG—traditionally known as Environmental, Social, and Governance—as Energy, Security, and Geostrategy. The move aims to channel investment into sectors critical to Europe’s autonomy and resilience, particularly defence, energy, and infrastructure. “Since 2022, and even more in recent months, we have witnessed the emergence…

Zephyr Energy has announced successful initial results from the production test on the State 36-2 LNW-CC-R well at the company’s flagship project in the Paradox basin, Utah. During the production test, the well was tested at multiple flow rates in order to gather data to determine the flow capacity of the well, to provide an early estimate of potential resource volumes, and to obtain high quality fluid samples. We are pleased to report that the production test successfully delivered on all these key objectives, and, most importantly, the test data gathered suggests that there is more than sufficient…

Amazon to install over 70 automated packaging machines in Europe by year-end, scaling further through 2027. Made-to-fit packaging reduces delivery emissions by optimizing material use and transport efficiency. New technologies—including on-demand paper bags and smaller labels—slash waste and packaging volume. Amazon is scaling up its packaging automation across Europe in a bid to slash waste and reduce the environmental footprint of its deliveries. The e-commerce giant will deploy hundreds of new machines at its European fulfilment centers, starting with over 70 installations in Germany, the UK, France, Italy, and Spain by the end of 2025. The initiative is set to…

EPCOR USA Inc., part of EPCOR Utilities Inc. (EPCOR), has signed a deal to divest its natural gas utility in Texas to SiEnergy Operating, a subsidiary of Northwest Natural Holding Co., for $60 million. Hughes Gas Resources Inc., or EPCOR Texas Gas, has about 6,900 metered connections and 353 miles of pipeline serving 12 communities northeast of Houston. “EPCOR Texas Gas, which has owned and operated the assets since 2017, is expected to have a rate base of approximately $46 million at the end of 2025”, a joint statement said. The parties expect to close the transaction this quarter. “With…

The Panna-Multa and Tapti (PMT) joint venture partners, Shell PLC, Reliance Industries Limited (RIL), and Oil and Natural Gas Corporation Limited (ONGC), have completed India’s first offshore facilities decommissioning project. According to ONGC, the project entailed the removal of mid and south Tapti field facilities, which ceased production in March 2016. The PMT joint venture operates the Tapti fields under a production sharing contract with the Indian government. ONGC holds a 40 percent share, while RIL and BG Exploration & Production India Ltd (BGEPIL-Shell) each hold 30 percent. ONGC said the project also involved the removal of five wellhead platforms, associated…

U.S. natural gas is trading higher today on a combination of technical factors and geopolitical tensions that pose the potential for supply disruptions. That’s what Art Hogan, Chief Market Strategist at B. Riley Wealth, told Rigzone in an exclusive interview on Wednesday when asked why the U.S. natural gas price is rising today. “Technically natgas is trading above key support of $3.47, which is the 50-day Exponential Moving Average (EMA),” Hogan said. “The next resistance sits at $3.72. On the fundamental side of things, the American Petroleum Institute data released yesterday reflected tighter supply,” he added. “Additionally, U.S. energy firms…