Author: omc_admin
Microsoft and waste management solutions startup Vaulted Deep announced today a new long-term offtake agreement, with Vaulted Deep delivering up to 4.9 million tonnes of durable carbon dioxide removal over 12 years through its process of storing organic waste deep underground, marking one of the largest-ever carbon removal deals globally to date. Spun out of injection well-focused waste management company Advantek in 2023, Vaulted Deep partners with municipalities, industrial operators, and agricultural producers to manage their organic waste that can’t be reused or safely applied to land. The company sequesters sludgy organic wastes, including biosolids, manure, agricultural, food waste, and paper…
Classic rocker Steve Miller has canceled his U.S. tour because he said severe weather including extreme heat and unpredictable flooding poses a danger to his band, its fans and crew. The tour was set to kick off in August and run through early November, with nearly three dozen stops across the U.S. including cities in New York, Tennessee, Florida and California. “The combination of extreme heat, unpredictable flooding, tornadoes, hurricanes and massive forest fires make these risks for you our audience, the band and the crew unacceptable,” Miller, 81, said in a statement posted on the band’s social media accounts…
Will all oil and gas companies have to adopt generative artificial intelligence (AI) at some point? That was the question Rigzone posed to Toni Fadnes, the Chief Transformation Officer (CTO) of Pions, which recently changed its name from eDrilling. Responding to the question, Fadnes told Rigzone, “those in an actual competitive environment, yes”. “Those, for example, national oil companies that will get ‘favorized’ by governments etc. do not need to get better, be better, reduce emissions, etc., because there are no real consequences,” he added. When he was asked when that ‘some point’ will be, Fadnes told Rigzone that “it…
Brazil’s Petrobras will discuss this week tweaking its mid-to-long-term strategic plan to potentially include a return to the retail fuel sector, amid complaints from the Brazilian president and the CEO of the state-owned oil and gas giant that wholesale fuel cuts don’t reach retail customers.This week, Petrobras’s board of directors will meet to discuss amending the 2026-2030 plan that could include a renewed presence in the Brazilian retail fuel sector, an anonymous source with knowledge of the matter told Bloomberg.Petrobras sold its retail business in 2021 in a privatization drive under then-President Jair Bolsonaro. The retail fuel company Vibra Energia…
Google has signed an agreement for up to 3,000 megawatts (MW) of hydroelectric power across the USA from Brookfield Asset Management and Brookfield Renewable. The hydro framework agreement is the “first of its kind” and the “world’s largest corporate clean power deal for hydroelectricity,” Brookfield said in a statement. The first contracts executed under the agreement are for Brookfield’s Holtwood and Safe Harbor hydroelectric facilities in Pennsylvania, representing more than $3 billion of power and 670 MW of capacity, the company said. Under the agreement, Google can procure carbon-free electricity from up to 3,000 MW of hydroelectric assets that will…
Eni SpA said Wednesday it had signed an agreement to buy two million metric tons per annum (MMtpa) of liquefied natural gas (LNG) for 20 years from Venture Global Inc.’s under-construction CP2 LNG in Cameron Parish, Louisiana. The Italian state-backed energy major expects deliveries, from phase 1 of the project, to begin by 2030. CP2 LNG is expected to start up 2027. “The agreement is Eni’s first long-term LNG supply from the United States and represents a significant milestone in Eni’s strategy to expand and diversify its global LNG footprint, enhancing portfolio flexibility. Part of these volumes will contribute to…
Kinder Morgan Inc. on Wednesday reported $615 million in adjusted net income attributable to common shares for the second quarter, up 13 percent from the same three-month period last year thanks to higher volumes of transported natural gas and refined oil products. The adjusted earnings per share (EPS) of $0.28 was in line with the Zacks Consensus Estimate. Kinder Morgan closed lower at $27.91 on the New York Stock Exchange on Wednesday. Adjusted net profit attributable to Kinder Morgan was $619 million. This metric is different from the company’s adjusted net profit attributable to common stock, which is equal to…
Brazilian lawmakers have passed a bill that drastically weakens the country’s environmental safeguards and is seen by many activists as the most significant setback for the country’s environmental legislation in the past 40 years.The new law – widely referred to as the “devastation bill” and already approved by the senate in May – passed in congress in the early hours of Thursday by 267 votes to 116, despite opposition from more than 350 organisations and social movements.It now goes to the president, Luiz Inácio Lula da Silva, who has 15 working days to either approve or veto it.Even if he…
Daily Light Crude Oil Futures The 200-day MA at $65.35 is the only support level that’s been tested and respected this week. Below that, there’s potential support at the 50-day MA near $64.10 and the June 24 low at $64.00, but those haven’t been touched yet—so nothing confirmed there. On the resistance side, $67.44 continues to act as the long-term pivot. That’s the level capping the tape. A move above it could trigger momentum toward this week’s high at $69.65. Until that happens, we’re trading inside a well-defined band, roughly $64 to $67.50. Geopolitical Disruptions Add Some Underlying Support News…
The vast majority of large U.S. companies are maintaining or even increasing investments in ESG initiatives, as most executives view sustainability as a driver of competitive advantage and growth, but many are talking less about it publicly in the face of growing political and regulatory scrutiny, according to a new survey released by business sustainability ratings and solutions provider EcoVadis. For the report, “2025 U.S. Business Sustainability Landscape Outlook,” EcoVadis surveyed 400 executives responsible for business and operational decision-making at companies with over $1 billion in revenues in industries ranging from consumer and industrial, to technology and services. The report…