Author: omc_admin
Kolibri Global Energy has reported improving production performance from its latest operated wells in the Tishomingo field in Oklahoma, with early results indicating higher oil-weighted output compared with earlier wells drilled in the area. The Barnes 6-31-2H and Barnes 6-4H horizontal wells, both operated at a 100% working interest, have now been on production for approximately 30 days. The 1.5-mile lateral Barnes 6-31-2H well averaged 634 boed over its most recent five-day period, including 529 bpd of oil, while its 30-day average stood at 529 boed. The 1-mile lateral Barnes 6-4H well averaged 451 boed over the last five days…
WASHINGTON—The U.S. Department of Energy (DOE) and the National Aeronautics and Space Administration (NASA) today announced a renewed commitment to their longstanding partnership to support the research and development of a fission surface power system for use on the Moon and future NASA missions to Mars.A recently signed memorandum of understanding (MOU) between the agencies solidifies this collaboration and advances President Trump’s vision of American space superiority by deploying nuclear reactors on the Moon and in orbit, including the development of a lunar surface reactor by 2030. This effort ensures that the United States leads the world in space exploration and commerce. “History…
Anthropic’s new working agent was largely built by Claude itself — the latest example of AI coding tools speeding up product development.On Monday, Anthropic announced the release of Cowork, a “more approachable” AI tool accompanying Claude Code that’s geared toward fulfilling users’ requests that are unrelated to programming. Users grant the agentic AI tool access to specific files on their computer and prompt it to complete tasks.Boris Cherny, head of Claude Code, said that Anthropic’s AI coded “pretty much all” of Cowork.”@claudeai wrote Cowork,” Product Manager Felix Rieseberg wrote on X. “Us humans meet in-person to discuss foundational architectural and…
In a reversal from previous years’ pollution reductions, the United States spewed 2.4% more heat-trapping gases from the burning of fossil fuels in 2025 than in the year before, researchers calculated in a study released Tuesday.The increase in greenhouse gas emissions is attributable to a combination of a cool winter, the explosive growth of data centers and cryptocurrency mining, and higher natural gas prices, according to the Rhodium Group, an independent research firm. Environmental policy rollbacks by Donald Trump’s administration were not significant factors in the increase because they were only put in place this year, the study authors said.…
(Oil Price) – Russia on Tuesday asserted ownership of all oil assets a state Russian company is developing in Venezuela, following the claims of U.S. President Donald Trump that major American and Western oil firms would help revive Venezuela’s oil industry. Russia’s Roszarubezhneft, a state-owned firm that took over Rosneft assets in 2020 following U.S. sanctions on Rosneft’s Venezuelan oil trade, said on Tuesday that “all assets of Roszarubezhneft in Venezuela are owned by the Russian state,” as they have been bought at market prices and conditions. Roszarubezhneft, owned by a unit of the Russian Ministry of Economic Development, was incorporated in 2020.…
INEOS has criticized the UK’s net-zero strategy following the release of a new report by the Institute of Economic Affairs that estimates the true cost of the country’s decarbonization commitments could reach £7.6 trillion—far higher than official projections. Reacting to the findings, INEOS Group Director Tom Crotty said the report highlights what he described as “fantasy economics” underpinning current net-zero policies, arguing that carbon taxes and regulatory costs are undermining the competitiveness of European industry. Crotty said such policies risk accelerating industrial shutdowns in Europe while shifting production to regions with higher carbon intensity, including China. INEOS Chairman…
Oil climbed to the highest since late October after US President Donald Trump amped up rhetoric over Iran, heightening investor concerns about supply disruptions in OPEC’s fourth-biggest producer and possible American intervention. West Texas Intermediate futures rose by 2.8% to settle at $61.15 a barrel on Tuesday, reaching the highest level in over two months. Trump told reporters in Detroit that he thinks it’s a good idea if US citizens evacuate from Iran, and reiterated an earlier pledge that “help is on its way” to Iranian protesters amid the biggest challenge to the regime in the Islamic Republic since the…
Oil prices pushed higher on Tuesday afternoon, with traders weighing a familiar but combustible mix of Middle East risk and Washington-driven policy uncertainty.As of 2:34 p.m. ET, U.S. benchmark WTI crude was trading around $61.10 per barrel, up roughly 2.7% on the day, while Brent crude climbed to about $65.41, gaining just over 2.4%. The gains capped a steady intraday grind higher rather than a knee-jerk spike, suggesting the market is responding to a cluster of risks rather than one clear catalyst.On one side of the oil price ledger is geopolitics. Protests in Iran have resurfaced as a market concern,…
An oil tanker seized by Iran two years ago was released, with satellite images showing the vessel off the coast of Oman, against a backdrop of mounting US pressure on the Persian Gulf state. The St Nikolas — seized in January 2024 in retaliation for what Iran called at the time the US “theft” of Iranian oil — was released on Jan. 9, its managers Empire Navigation Inc. said in a statement. The ship arrived near Oman on Jan. 10, they said. The vessel was seen north of the Sohar anchorage off the coast of Oman, TankerTrackers.com Inc., which specializes in using…
The Norwegian Ministry of Energy has offered 57 new production licenses to 19 companies on the Norwegian Continental Shelf under the APA 2025 (Awards in Predefined Areas) licensing round, as the country moves to slow an expected decline in oil and gas output and sustain energy deliveries to Europe. The licenses span Norway’s three main offshore regions, with 31 awards in the North Sea, 21 in the Norwegian Sea, and five in the Barents Sea. All licenses carry binding work programs requiring either active maturation or relinquishment back to the state. “Norway is Europe’s most important energy supplier,…