Author: omc_admin

Kimmeridge Energy Management Co. LLC has sealed agreements announced last year to supply Glencore Ltd. with 2 million metric tons per annum (MMtpa) of liquefied natural gas (LNG) from Commonwealth LNG and equivalent natural gas from Kimmeridge Texas Gas LLC (KTG). “Inclusive of agreements with Glencore, Commonwealth has 3 Mtpa of offtake under long-term agreement, with line of sight towards finalizing its commercial book ahead of a targeted final investment decision in Q3 2025 and anticipated first LNG production in 2029”, the parties said in a joint statement Tuesday. The volumes from KTG, which produces in the Escondido, Olmos, Austin Chalk…

Representatives of the EU’s 27 member states approved on Wednesday a new sanctions package against Russia, targeting another nearly 200 tankers of the shadow fleet Russia uses to ship its oil to markets. The 17th sanctions package is expected to be officially endorsed and adopted by a meeting of the EU’s defense ministers on Tuesday next week. The latest sanctions target the shadow fleet which Russia has been using for years to skirt the Western sanctions and the $60 per barrel price cap on its crude oil sales. The package also includes designations of Russian individuals over cyber attacks, sabotages, and human rights…

Volkswagen CEO Thomas Schäfer has confirmed plans to further develop the MEB EV platform with the MEB+, following longstanding rumours of a refresh. The platform refresh will begin with the launch of the new ID.2 supermini next year. Following the launch of the ID.2, Volkswagen will begin moving all of its electric cars to the MEB+ platform, including the ID.3, ID.4, and ID.7. This will be accompanied by a design refresh of the ID lineup. Confirming the news, Schäfer told Autocar: “The upgrade to MEB Plus comes next year, and we will roll out the cell-to-pack battery systems with LFP.…

Dozens of Chinese power companies have seen a presentation of Honduras’ rescue plan for its electricity industry as the government preps a 1.5 GW tender.Honduras’ state-owned National Electric Energy Company (ENEE) has presented the terms of a planned tender for 1.5 GW of generation capacity to the government’s Electric Energy Regulatory Commission (CREE).Honduran Energy Secretary Erick Tejada said, “Once the CREE issues its no-objection, we will be ready to officially launch the bidding process.”ENEE has proposed using a reverse auction to procure 975 MW of renewable energy generation twinned with energy storage capacity, and 525 MW…

Perplexity is extending its bet on chat-powered shopping, aiming to stand out in the crowded generative artificial intelligence market against OpenAI, Anthropic, and Google.The company said on Wednesday that it’s partnering with PayPal to let users make purchases directly in chat. U.S. customers will soon be able to book travel, buy products, and secure concert tickets without leaving the platform.Payments will be completed in the chat with PayPal or Venmo, and PayPal will handle processing, shipping, tracking, and invoicing. Purchases will be completed with one click, with the help of the payment company’s passkey checkout.”Perplexity wants to be wherever users…

Honda has postponed its electric vehicle supply chain plans in Canada for at least two years, citing weakening EV demand and mounting global trade tensions. The move accompanies a sharp 59% profit decline forecast for fiscal 2026. The Ontario-based EV supply chain project, originally unveiled in April 2024, was seen as a cornerstone in Honda’s strategy to localise production and secure critical battery materials in North America. However, the automaker now says the initiative will be “put on hold for approximately two years,” pointing to the softening of EV demand and the uncertainty caused by trade policies under US President…

Climate research provider and environmental disclosure platform CDP announced a strategic restructuring which may result in a reduction of around 20% of its workforce, as the organization embarks on a new strategy, including focusing on reducing the reporting burden for companies. Founded in 2000, CDP runs a global environmental disclosure system, enabling investors and other stakeholders to measure and track organization’s performance in key environmental sustainability areas including climate, forests, and water security. In 2024, a record of more than 22,700 companies disclosed through CDP, up 8% over the prior year. The restructuring comes as CDP faces economic challenges, requiring it…

WESTERNPORT, Md. (AP) — Officials found the body of a 12-year-old boy who was swept away by rushing water on a Virginia roadway during a storm system that also forced a dozen students to stay overnight at a Maryland high school due to heavy rains that led to flooding in several states.A 911 caller reported Tuesday night that the boy was walking outside when he was swept away by water that overtook the roadway from a nearby creek, Albemarle County Fire Rescue said in a social media post.The body of what is believed to be Jordan Sims was found by…

Some 350,000 commuters could soon be scrambling for other ways to reach their destinations if New Jersey Transit engineers walk off the job early Friday.NJ Transit — the nation’s third largest transit system — operates buses and rail in the state, providing nearly 1 million weekday trips, including into New York City. If the walkout occurs, all NJ Transit commuter trains will stop running.Wages and working conditions have been the main sticking points of the negotiations between the agency and the Brotherhood of Locomotive Engineers and Trainmen. The union claims its members earn an average salary of $113,000 a year…

As industries seek innovative solutions for carbon capture, scientists have turned to advanced materials that efficiently trap and store carbon dioxide from industrial emissions. A recent study of a team from the Helmholtz-Zentrum Dresden-Rossendorf (HZDR), Dresden University of Technology (TUD), and Maria Curie-Sklodowska University in Lublin (Poland) sheds light on the gas adsorption physics of so-called Calgary Framework 20 (CALF-20), a zinc-based metal-organic framework (MOF). While applying a combination of advanced techniques, the scientists reveal the material’s unique adaptability under varying conditions.   Artistic representation of CO2 capture from a moisture-laden gas stream using CALF-20,…