Author: omc_admin
In a LinkedIn post published yesterday, Microsoft co-founder and climate investor Bill Gates shared an optimistic update on global energy-related CO₂ emissions that challenges much of the prevailing doom-and-gloom narrative. The key graphic Gates posted tells the story clearly: In 2014, the International Energy Agency (IEA) projected that, under then-current policies, the world would be emitting roughly 50 billion tons (50 Gt) of energy-related CO₂ per year by 2040. The IEA’s latest 2024 assessment, using the same “current policies” framework, now puts that 2040 figure at just 29 Gt — a stunning 42% reduction in the expected emissions trajectory in…
A statement posted on the U.S. Department of the Interior’s (DOI) website on Thursday revealed that U.S. Secretary of the Interior Doug Burgum has signed an order “to unleash American offshore energy”. In this statement, the DOI announced a Secretary’s Order, titled Unleashing American Offshore Energy, which the DOI said directs the Bureau of Ocean Energy Management (BOEM) “to take the necessary steps, in accordance with federal law, to terminate the restrictive Biden 2024-2029 National Outer Continental Shelf Oil and Gas Leasing Program and replace it with a new, expansive 11th National Outer Continental Shelf Oil and Gas Leasing Program…
Shares of GAIL ended 1.35 per cent lower at ₹180.52 on Monday.GAIL (India) Ltd, India’s largest state-owned natural gas company, has issued a swap tender offering two US-loaded LNG cargoes in exchange for two deliveries into India, reports Reuters.The company is offering one cargo for loading on a free-on-board basis on January 27 at Sabine Pass, Louisiana, and another on March 10 at Cove Point, Maryland. In return, the company is seeking two delivered ex-ship cargoes for the Dabhol terminal, with delivery windows of January 27–31, 2025, and February 1–7, 2025.The tender will close on November 25.Shares of GAIL ended…
Same-day delivery used to be impressive. Today, it is the baseline. In a recent Logistics Management podcast, Group Editorial Director Michael Levans sat down with Andy Tryba, CEO of CXT Software, to talk about what is really changing in the last mile and why technology alone will not solve it. What’s RelatedThe discussion centered on one problem. Delivery volume keeps rising, yet many courier operations still use spreadsheets, phone calls, and sticky notes to run their routes. That may have worked in the past. It will not support what is coming next. Here are three lessons from the conversation. 1.…
A contentious final session to close out the COP30 climate conference in Belém Brazil ended in an agreement that avoided mentioning a shift away from fossil fuels for the second consecutive year, despite strong objections from the EU and UK, and that also failed to include a binding roadmap to end deforestation. In his closing remarks at the conference, UN Climate Change Executive Secretary Simon Stiell said: “Many countries wanted to move faster on fossil fuels, finance, and responding to spiraling climate disasters. I understand that frustration, and many of those I share myself. But let’s not ignore how far…
European benchmark natural gas prices slipped below the key threshold of 30 euros per megawatt-hour (MWh) on Monday, for the first time in a year and a half, amid strong LNG flows, milder temperatures, and negotiations about the end of the war in Ukraine. Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, fell by 1.3% at $34.36 (29.795 euros) per megawatt-hour (MWh) at 9 a.m. in Amsterdam on Monday. That’s the first time the benchmark futures prices have slipped below 30 euros per MWh since May 2024. European natural gas prices have traded in a very narrow range of…
The cost of hiring an oil supertanker on a benchmark route spiked to the highest in more than five years, as buyers sought alternatives to sanctioned Russian crude amid increased supply from Middle East and US producers. Benchmark rates for very-large crude carriers that can transport up to 2 million barrels from the Middle East to China rose to nearly $137,000 a day at the end of last week, marking a 576% increase this year. It was the highest since late April 2020, and surpassed the last multiyear peak reached just two weeks ago. A broader index covering VLCC rates…
Salesforce CEO Marc Benioff says he’s ditching OpenAI’s ChatGPT for Google’s newest AI model, Gemini 3 — calling it an “insane” leap forward in reasoning, speed, and multimodal capabilities.”Holy shit,” Benioff wrote on X on Sunday. “I’ve used ChatGPT every day for 3 years. Just spent 2 hours on Gemini 3. I’m not going back. The leap is insane — reasoning, speed, images, video… everything is sharper and faster. It feels like the world just changed, again.”Benioff’s reaction quickly went viral, racking up more than one million views as of early Monday morning. It adds to a growing chorus of…
GitHub CEO Thomas Dohmke stepped down a few months ago. He’s getting back into the arena now.Dohmke was just tapped as a strategic advisor to Apiiro, a startup that helps organizations monitor the security of their apps and codebases.He’ll focus on helping Apiiro develop new protections for AI-generated software code.As more AI coding tools churn out code, there’s concern that this could make codebases more vulnerable to hacks and other cybersecurity risks.Dohmke said developers now often use multiple AI coding agents, and these tools don’t necessarily know all the policies, rules, and safeguards that their employers have set up to…
China is launching a global cooperation initiative on green minerals with developing nations as it looks to consolidate its dominance in rare earth elements and other critical minerals. At the G-20 summit in South Africa, Chinese Premier Li Qiang launched an “international economic and trade co-operation initiative on green minerals” while defending China’s current curbs on exports of rare earths. The alliance is expected to include China and more than a dozen other nations including Zimbabwe, Cambodia, Nigeria, and Myanmar – holders of rare earth elements, alongside the UN Industrial Development Organization. China will “promote mutually beneficial cooperation and peaceful use of key…