Author: omc_admin

Equinor and its partners are investing NOK 13 billion in the third phase of Johan Sverdrup, one of the world’s most carbon-efficient oil fields. New subsea infrastructure will increase recovery by 40–50 million barrels of oil equivalent (boe).  Image: Aker BP “By building on the technologies, solutions, and infrastructure from phases 1 and 2 of Johan Sverdrup, we can carry out an efficient development with a rapid start-up of production,” said Trond Bokn, senior vice president for project development in Equinor. “The project increases the recovery rate and value creation from Johan Sverdrup, one of the world’s most…

India is kicking off exploration efforts for cobalt and copper deposits in Zambia by sending a team of geologists to the African country known for its critical minerals reserves, sources at the Indian government told Reuters on Tuesday.In March this year, India bought land in Zambia to explore copper and cobalt, signaling a significant move to secure its mineral supply chains in Africa.India’s government has acquired greenfield land in Zambia’s northwest province with plans to explore copper and cobalt.Zambia’s economy is mainly based on export of minerals, most notably copper and cobalt, as well as gold, zinc, and lead. At…

Global food and beverage company Nestlé announced the release of a new independent evaluation of its income accelerator program promoting improved livelihoods for cocoa farming families and environmentally sustainable agricultural practices, indicating that the program is delivering measurable improvements in income and household resilience. The company said that it is expanding the program from its 10,000 family test phase in Côte d’Ivoire to 50,000 families by 2026 in Côte d’Ivoire and Ghana, with a long-term goal of supporting an estimated 160 000 cocoa-farming households by 2030. Nestlé, home to leading chocolate brands including Kit Kat and Nesquick, is one the…

Scientists analysing the cascading impacts of record low levels of Antarctic sea ice fear a loss of critical US government satellite data will make it harder to track the rapid changes taking place at both poles.Researchers around the globe were told last week the US Department of Defence will stop processing and providing the data, used in studies on the state of Arctic and Antarctic sea ice, at the end of this month.Tracking the state of sea ice is crucial for scientists to understand how global heating is affecting the planet.Sea ice reflects the sun’s energy back out to space…

Microsoft has committed to purchasing 1.1 million tonnes of permanent carbon removals from Hafslund Celsio over the next decade. The deal anchors the commercial viability of Oslo’s waste-to-energy carbon capture and storage (CCS) project—one of the world’s first in its sector. CO₂ captured from 2029 will be permanently stored under the Norwegian seabed by Northern Lights, supporting Microsoft’s carbon-negative goal and Norway’s Paris Agreement targets. Hafslund Celsio has signed a landmark agreement to supply Microsoft with 1.1 million tonnes of permanent carbon removals over a 10-year period. The contract is a major boost for Hafslund Celsio’s full-scale carbon capture and…

Cheniere Energy Partners LP (CQP), part of Cheniere Energy Inc. (Cheniere), is offering $1 billion of senior notes due 2035 with a yearly interest of 5.55 percent. “The CQP 2035 Notes will be issued at a price equal to 99.731 percent of par”, CQP said in a press release. Cheniere Partners expects to close the offering July 10. “Cheniere Partners intends to contribute the proceeds from the offering to its subsidiary, Sabine Pass Liquefaction, LLC, to be used to redeem a portion of the outstanding aggregate principal amount of its senior secured notes due 2026”, the statement added. “The CQP…

Ameren Missouri, a subsidiary of Ameren Corp., has filed an application with the Missouri Public Service Commission to build an 800-megawatt (MW) simple-cycle natural gas energy center. The company said in a media release that the project would be complemented by Ameren Missouri’s first large-scale battery storage facility. The project, located in Jefferson County, Missouri, is named the Big Hollow Energy Center. “This is the next step to deliver on our strategy to invest in energy infrastructure for our customers’ benefit and provide a balanced generation portfolio”, Mark Birk, chairman and president of Ameren Missouri, said. “As we transition our…

The Bureau of Land Management (BLM) has approved a proposed Northwestern Energy pipeline to carry natural gas from Helena to Three Forks, as well as several geothermal expansion and research projects by Ormat Technologies in Nevada. “These projects mark important progress in expanding both traditional and renewable energy infrastructure on public lands”, the Interior Department sub-agency said in an online statement. The 74-mile, 16-inch pipeline benefited from emergency permitting procedures introduced by the Interior last April in response to President Donald Trump’s National Energy Emergency declaration in January. The Interior has allowed environmental assessments that normally take up to one…

Capstone Green Energy Holdings Inc. has reported fourth quarter and annual revenues of $27.1 million and $85.6 million respectively for fiscal year 2025, compared to 2024 fourth quarter and annual revenues of $24.3 million and $91.2 million respectively. The company said in its report that the fourth-quarter revenue improved by $2.8 million year-over-year, driven by increased demand for products and services, as well as improved rental utilization rates within the company’s Energy as a Service (EaaS) revenue stream. Slow product sales in the first half of the fiscal year caused a decrease of $5.7 million for the year. This was…

Telecommunications and networking technology company Nokia announced that it has signed a new €1.5 billion multicurrency revolving credit facility, with pricing on the new debt tied to its performance towards its Scope 1, 2 and 3 greenhouse gas emissions goals. The new credit facility marks the latest in a series of sustainability-linked financing instruments for Nokia, including a credit facility linked to the company’s sustainability targets in 2019, and its first sustainability-linked guarantee facility in 2022. In 2024, Nokia announced a commitment to achieve net zero greenhouse gas (GHG) emissions in its own operations and across the value chain, by…