Author: omc_admin
TikTok has shaken up its US Content Advisory Council, adding new voices who support broad free-speech protections and have been critical of government pressure on online platforms.The eight-person council, formed in 2020, brings in independent experts on technology and safety to advise on TikTok’s policies around child protection, hate speech, misinformation, and bullying.The reshuffle added three new members, with two of them having libertarian or conservative backgrounds. The three members who left the council brought expertise in technology policy, tech ethics, and political communication. The change appears to have occurred in the last two months. According to the Wayback Machine,…
Renewable energy developer European Energy announced the start-up of the world’s first large-scale commercial e-methanol facility, with e-methanol now being supplied to offtakers including the LEGO Group, healthcare company Novo Nordisk and shipping giant A.P. Moller – Maersk for use as a replacement for fossil-based fuels and plastics. Founded in 2004, Denmark-based European Energy is a developer and operator of green energy solutions, including solar, onshore and offshore wind projects. Its new e-methanol facility, Kassø, in Aabenraa, Denmark, manufactures e-methanol with up to a 97% reduced carbon footprint compared to fossil-based products, by combining captured biogenic CO2 with green hydrogen…
President Donald Trump appears to prefer US oil prices between $40 and $50 a barrel, according to Goldman Sachs Group Inc., citing an in-house analysis of his social-media posts on the topic. Trump “has always been focused on oil and on US energy dominance, having posted nearly 900 times,” analysts including Daan Struyven said in a report. His “inferred preference for WTI appears to be around $40 to $50 a barrel, where his propensity to post about oil prices bottoms,” they said. Oil prices — both global crude benchmark Brent, as well as US counterpart West Texas Intermediate , or…
Denmark’s government has started weighing the opportunities and risks of lifting a 40-year-old ban on the use of nuclear energy, Minister of Climate and Energy Lars Aagaard said on Wednesday. Denmark banned the use of nuclear energy in 1985, after the Parliament voted to remove nuclear power from the country’s energy planning. The ban from March 1985 was enacted a year before the Chernobyl disaster of 1986. Now Denmark is considering the potential and risks of using advanced nuclear technology such as small modular reactors (SMRs), the energy minister said. “We observe that new nuclear technologies are emerging – small modular reactors. The…
The industrial real estate market looks a lot different than it did just a few years ago. Demand is shifting, vacancy rates are up, and companies are rethinking their space needs. Stephanie Rodriguez, National Director of Industrial Services at Colliers, shares how she’s helping clients make smart decisions in what she calls a “VUCA” era—short for volatility, uncertainty, complexity, and ambiguity. What’s RelatedSupply Chain 24/7: How would you describe the current state of the industrial real estate market in 2025? Stephanie Rodriguez: The U.S. industrial market is bifurcated at the moment. Record new supply in response to unprecedented industrial demand during…
The U.S. Energy Information Administration (EIA) expects the U.S. regular gasoline retail price to drop this year and next year, according to its latest short term energy outlook, which was released on May 6. According to that STEO, the EIA sees the U.S. regular gasoline retail price averaging $3.09 per gallon in 2025 and $3.07 per gallon in 2026. The EIA highlighted in the STEO that the U.S. regular gasoline retail price averaged $3.31 per gallon in 2024. In its latest STEO the EIA projected that the U.S. regular gasoline retail price will come in at $3.16 per gallon in…
Tenaz Energy Corp. has completed the acquisition of 100 percent of the shares of NAM Offshore B.V. (NOBV) from Nederlandse Aardolie Maatschappij B.V., a joint venture between Shell PLC and ExxonMobil Corporation. Tenaz has assumed the operatorship of NOBV, the company said in a news release. NOBV has been renamed Tenaz Energy Netherlands B.V. (TEN). The base consideration for the transaction was EUR 165 million, prior to closing adjustments and contingent payments, according to an earlier statement. The transaction has an effective date of January 1, 2024. The acquired assets include substantially all of NAM’s offshore exploration and production business,…
API Report Fuels Bearish Sentiment Ahead of EIA Data Traders reacted to American Petroleum Institute (API) data showing a surprise 4.3 million barrel build in U.S. crude inventories for the week ended May 9. The uptick added selling pressure, countering the broader rally seen earlier this week. While gasoline and distillate stocks showed significant draws—down 1.4 million and 3.7 million barrels respectively—the headline crude build dominated early sentiment. Market attention now shifts to official inventory figures from the U.S. Energy Information Administration, due later Wednesday. A Reuters poll suggests crude and gasoline stocksgasoline stocks likely declined, but expectations of a…
North American companies bought about the same number of robots in the first quarter of 2025 as they did a year ago, according to new data from the Association for Advancing Automation (A3). A total of 9,064 robots were ordered, up just 0.4% from Q1 2024. But the total value of those orders jumped 15% to $580.7 million, showing that companies are spending more on higher-end systems. What’s RelatedAutomakers led the way. Orders from automotive OEMs rose 42% in units and 78% in revenue, helping offset slowdowns in other sectors, including food, semiconductors, and metals. Orders from automotive parts suppliers…
Elon Musk thinks the future belongs to robots.Speaking on Tuesday at the US-Saudi Investment Forum in Riyadh, the Tesla CEO predicted that humanoid robots could eventually number in the tens of billions, transforming the global economy.”Everyone will want their personal robot,” Musk said. “You can think of it like having your own personal C-3PO or R2-D2 — but even better,” he said, referring to “Star Wars” characters. With that scale of automation, Musk said productivity could soar and usher in what he called a “universal high income,” where goods and services become so abundant that “no one wants for anything.”Musk…