Author: omc_admin
BOSTON (AP) — Rip currents are one of the coast’s greatest dangers and account for the most beach rescues every year. Hurricane Erin is bringing the potentially deadly currents to the East Coast this week.About 100 people drown from rip currents along U.S. beaches each year, according to the United States Lifesaving Association. And more than 80 percent of beach rescues annually involve rip currents.Already this year, there have been at least 27 people killed from rip currents in U.S. waters, according to the National Weather Service. Hurricane Erin brought evacuations to North Carolina’s Outer Banks on Tuesday, a day…
India is breaking renewable energy records, especially in solar capacity additions and output, but it has been forced to curb solar generation during periods of low demand to keep its grid stable. Solar output is being reduced to ease congestion in access to the grid, due to delays in transmission projects and new plants coming online ahead of schedule, India’s Ministry of New and Renewable Energy has told Reuters.The need to curtail solar power generation highlights the setbacks of booming capacity installations if there isn’t an adequate expansion of power lines and distribution and transmission upgrades.India saw record-high power generation…
North America added three rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was released on August 15. Although the total U.S. rig count remained unchanged week on week, Canada added three rigs during the same period, taking the total North America rig count up to 722, comprising 539 rigs from the U.S. and 183 rigs from Canada, the count outlined. Of the total U.S. rig count of 539, 524 rigs are categorized as land rigs, 13 are categorized as offshore rigs, and two are categorized as inland water rigs. The total U.S. rig…
Eni SpA and BlackRock Inc.’s Global Infrastructure Partners (GIP) have signed an agreement for the New York City-based infrastructure investor’s purchase of a co-controlling stake of 49.99 percent in the Italian energy major’s carbon capture, utilization and storage (CCUS) business. “The decision to consolidate our CCUS global portfolio into a dedicated entity, and the entry of GIP as a strategic partner, will further enhance our ability to deliver large-scale, technically advanced decarbonization solutions”, Eni chief executive Claudio Descalzi said in an online statement issued by the company on Monday. Eni CCUS Holding operates the Liverpool Bay and Bacton projects in the United…
“Make Europe’s tech ecosystem great again” might not fit on a Trump campaign badge, but it’s something he might unintentionally be delivering on.At least, that’s what investors and founders on the continent are betting on as the US has become more protectionist with its economic policies and a less reliable ally for Ukraine.It’s spurred investors in Europe to put more capital into defense startups, and tech companies and politicians to embrace so-called tech sovereignty in areas like AI and climate.”There’s been a shift in deployment targets,” Flavia Levi, a deep tech VC at Europe-based Join Capital, told Business Insider. “Now,…
At 09:36 GMT, Light Crude Oil futures are trading $62.01, down $0.69 or -1.10%. Russia-Ukraine Negotiations Pressure Oil Prices Traders are also digesting geopolitical headlines after a White House meeting between U.S. President Donald Trump, Ukrainian President Volodymyr Zelenskiy, and European leaders. Trump later announced that he had spoken with Russian President Vladimir Putin and that a trilateral summit may be on the horizon. The talks have introduced the possibility of sanctions relief for Russian crude—a potential bearish development for oil prices. While no ceasefire or agreement is finalized, DBS Bank’s Suvro Sarkar said the risk of tighter sanctions appears…
Moreover, Sprott Uranium Miners ETF (URNM) shows intense volatility with higher highs since 2021, reflecting investor demand for miners leveraged to uranium prices. Sprott Physical Uranium Trust Fund (U.UN) and Sprott Physical Uranium Trust (SRUUF), which directly hold physical uranium, display steadier growth patterns, showing uranium’s gradual appreciation in spot markets since 2020. These instruments illustrate how uranium has moved from a decade-long slump into a period of structural recovery, driven by energy transition policies and renewed nuclear demand. Conclusion: Why Lithium, Copper, and Uranium Are Set to Soar The global energy transition is accelerating. Electricity demand is rising faster…
If you wanted a signal that we’ve truly entered the AI era and left mobile behind, this is it: iPhones are no longer Foxconn’s most important business.For investors and industry watchers, this is a pivotal moment. The company best known as Apple’s factory floor has become an AI-first manufacturer. If Foxconn was once the backbone of the smartphone era, it’s now building the infrastructure of the AI age.For the first time, Foxconn’s Cloud & Networking Products division has overtaken Smart Consumer Electronics, which runs the iPhone assembly operation. In the second quarter of 2025, Cloud & Networking revenue jumped 47%…
Investment giant BlackRock’s infrastructure investment unit Global Infrastructure Partners (GIP) announced that it has acquired a 49.99% co-control stake in Italian energy company Eni’s Eni’s Carbon Capture, Utilization and Storage (CCUS) business, Eni CCUS Holding. The agreement follows an announcement by Eni in May that it had entered exclusive negotiations with GIP for the transaction following a selection process involving several prominent international players who expressed strong interest in the company. The sale of the CCUS business stake forms part of Eni’s “satellite model,” aimed at attracting capital from partners to fund growth and highlight the value creation of its new…
Floating production, storage and offloading vessel (FPSO) Almirante Tamandare, which serves one of several developments in the Buzios field in Brazil’s Santos Basin, has reached its capacity of 225,000 barrels per day (bpd). That set the highest rate for a single platform in Petroleo Brasileiro SA’s (Petrobras) history, the company said in a statement online. “[T]he record confirms expectations that the field will soon become Petrobras’ largest in production”, Petrobras said. “Buzios is the second-largest field in production volume in the country, behind only the Tupi Field. “The super Buzios field, discovered in 2010, has gigantic dimensions: its thickness is equivalent…