Author: omc_admin

OpenAI CEO Sam Altman warned that the U.S. may be underestimating the complexity and seriousness of China’s progress in artificial intelligence, and said export controls alone likely aren’t a reliable solution.”I’m worried about China,” he said.Over Mediterranean tapas in San Francisco’s Presidio — just five miles north of OpenAI’s original office in the Mission — Altman offered a rare on-the-record briefing to a small group of reporters, including CNBC. He warned that the U.S.–China AI race is deeply entangled — and more consequential than a simple who’s-ahead scoreboard. “There’s inference capacity, where China probably can build faster. There’s research, there’s…

ProFrac and Seismos have entered a strategic partnership for the launch of Closed Loop Fracturing, now available across all major U.S. basins.  The collaboration marks the first large-scale deployment of an extensively operator-validated, real-time quality control system, enabling fully automated Closed Loop Fracturing. The system redefines how completions are measured, optimized, and scaled, and illustrates ProFrac’s relentless drive to bring its customers the best available fracturing technology, as well as ProFrac’s confidence in its quality of services, where every stage is independently benchmarked by Seismos’ technology. “This partnership with Seismos builds on the foundation we’ve laid with ProPilot,”…

(Bloomberg) – Oil swung between gains and losses as traders awaited a meeting between Presidents Donald Trump and Volodymyr Zelenskiy, with the Ukrainian leader facing U.S. pressure to agree to ceding territory to Russia.  Russian president Volodymyr Zelenskiy West Texas Intermediate futures were little changed near $63 a barrel after fluctuating in a roughly $1 range. In a show of support, European leaders including European Commission President Ursula von der Leyen, French President Emmanuel Macron and NATO Secretary-General Mark Rutte will join the high-stakes meeting in Washington. The U.S. president said after his talks with Vladimir Putin in Alaska…

U.S. solar equities surged on Monday after the Treasury Department issued updated guidance on renewable energy tax credits, delivering long-awaited clarity for developers and investors. The decision provided relief to residential solar providers, which had faced months of uncertainty over whether new federal rules would complicate access to subsidies.Shares of Sunrun gained nearly 9% on Monday, after sealing 5-day gains of nearly 30%, making it the strongest performer in the sector. SolarEdge is sitting on 5-day gains of nearly 22%, still tracking upward momentum on Monday, while First Solar has risen ~18% in five days. Embattered Enphase Energy is up…

A new Tesla variant is coming around the corner.On Monday, Tesla posted a video of the upcoming Model Y L to its account on Weibo, a Chinese social media platform. Translated from Chinese, the post said that the vehicle was “coming soon.”The video shows three rows of seats, the back two of which fold forward. A screenshot from Tesla’s “Model Y L” teaser video posted to Weibo. Weibo/Tesla The middle row of the vehicle features two stand-alone “captain chairs,” which also appear to have new powered armrests that rise up. While the captain chairs in the Model X only tilt…

SIGNAL HILL, CA – MARCH 5: Pumps draw petroleum from oil wells through the night as the cost of crude oil tops $104 per barrel in its surge to new record high prices March 5, 2008 in Signal Hill, California. The cost of crude has California drivers paying more than ever. Statewide gas prices are now 58 cents a gallon higher than the same time last year. (Photo by David McNew/Getty Images)Getty Images The U.S. Energy Information Administration released its short-term energy outlook this week, predicting that oil prices will continue to slide into next year. Brent crude, which averaged…

SIGNAL HILL, CA – MARCH 5: Pumps draw petroleum from oil wells through the night as the cost of crude oil tops $104 per barrel in its surge to new record high prices March 5, 2008 in Signal Hill, California. The cost of crude has California drivers paying more than ever. Statewide gas prices are now 58 cents a gallon higher than the same time last year. (Photo by David McNew/Getty Images)Getty Images The U.S. Energy Information Administration released its short-term energy outlook this week, predicting that oil prices will continue to slide into next year. Brent crude, which averaged…

Global Infrastructure Partners (GIP), a part of BlackRock and one of the world’s leading infrastructure investors, has entered into a definitive agreement to acquire a 49.99% interest in Eni CCUS Holding, a leading global platform in the carbon capture, utilization, and storage (CCUS) sector.  Eni CEO Claudio Descalzi Eni CCUS currently encompasses the Liverpool Bay and Bacton projects in the UK, the L10 project in the Netherlands and has the option to participate in the Ravenna CCS project in Italy – cornerstone assets aimed at decarbonizing industrial clusters. The agreement also grants Eni CCUS the right to participate…

Brazil’s oil and gas regulator ANP has approved an 18-month extension of the exploration period for the Aram block in the Santos Basin pre-salt, pushing the deadline for Petrobras and China’s CNOOC to meet their commitments to June 30, 2029, according to BNamericas. The move gives the consortium more time to advance drilling in one of Brazil’s most promising pre-salt areas, seen as critical to maintaining oil supply self-sufficiency in the next decade.The Aram block was acquired in March 2020 during ANP’s 6th production-sharing round, with state-owned PPSA as contract manager. Petrobras holds an 80% operating stake, while CNOOC Petroleum…

Singapore-based Meranti Green Steel’s (MGS) 2.5 million tonne per year hydrogen-based iron production project in Oman is advancing through its pre-construction phase ahead of a Final Investment Decision (FID) in 2026. Located in Duqm’s Special Economic Zone (Sezad), the hot briquetted iron (HBI) plant is expected to transition to low-carbon iron production by starting with a natural gas and green hydrogen mix, before gradually ramping up to 85% green hydrogen. With commissioning slated for 2029 and construction due to start immediately after FID, MGS has already locked in land at Duqm, secured a conditional gas allocation, and established a local…