Author: omc_admin

Canada’s Strathcona Resources supports MEG Energy in its process to explore potential mergers after MEG recommended that shareholders reject a $4.4 billion (C$6 billion) takeover offer from Strathcona.Last month, Strathcona, MEG’s second-largest shareholder with about 9%, made an offer to acquire MEG Energy for the equivalent of some $4.4 billion in cash and stock. A deal would have turned the combined company into the fourth-largest oil producer among companies using team-assisted gravity drainage recovery technology in the oil sands. It would also have also resulted in the fifth-largest oil company in Canada overall, Strathcona said, positioning it for an investment-grade…

This as-told-to essay is based on a conversation with Charlie Hills, a 27-year-old marketing and AI professional whose company helps brands grow LinkedIn followers, based in London. It’s been edited for length and clarity.When I started posting content about the latest AI news on LinkedIn in January 2024, I posted six times a week, gave out every bit of knowledge I had, and hardly got any likes.Then, I altered my approach, and everything changed.In a year and a half, I grew to 132,000 followers and even quit my corporate marketing job to go all in on an agency I founded…

Amazon’s cloud business is planning a major revamp of its AI application strategy, with a new bundled service, Business Insider has learned.Internally called Q Business Suite (QBS), the new service is described as a “unified workspace” that combines business intelligence and generative AI capabilities from existing Amazon tools such as QuickSight, Q Business, and Q Apps, according to internal documents obtained by BI.QuickSight is Amazon Web Services’s data visualization software, and Q Business is the company’s flagship AI chatbot service. Q Apps lets users create generative AI-powered apps, using natural language and company data.Amazon even considered the option to “retire”…

As tensions heat up in Middle East, Union Oil Minister Hardeep Puri has said that India is preparing to source crude oil from outside the Persian Gulf and cut its own refined-product exports if the Strait of Hormuz is blocked to ship traffic. About a quarter of the world’s oil trade passes through the key waterway, which links the Gulf to the Indian Ocean. Some market watchers are concerned that Iran, locked in a conflict with long-time adversary Israel, could choose to attack tankers sailing through Hormuz or close the strait altogether. About 40 per cent of India’s total crude…

Bulldozer scoop soil containing various rare earth to be loaded on to a ship at a port in Lianyungang, east China’s Jiangsu province on September 5, 2010, for export to Japan.Str | Afp | Getty ImagesJapan has been quietly blazing a trail for supply chain resilience.Long before China in early April imposed an export ban on several rare earth elements and magnets widely used in the automotive, robotics and defense sectors, Japan became something of a canary in the coal mine for Beijing’s mineral dominance.The East Asian country was thrust into panic mode in 2010 when China implemented an export…

Rock band Coldplay announced that it will re-release each of its albums on “EcoRecords” made from recycled plastic bottles. The band said that the move forms part of its sustainability mission, and its efforts to make music more sustainable, including cutting the carbon footprint of its ‘Music Of The Spheres World Tour’ by 59% to date. The band’s most recent album, Moon Music, was already released on 100% recycled PET EcoRecords. EcoRecords, which sound and look the same as traditional vinyl records are manufactured using 100% recycled polyethylene terephthalate (PET), which is lightweight and easily recyclable, contributing to reduced emissions…

The government of Mozambique is ready to lift the force majeure imposed on TotalEnergy’s LNG project in the country as soon as the company applies for this, the country’s energy minister said.Noting that the security environment in the area had improved considerably, Estevao Pale said that “We, as government, are doing everything that we can to be able to resume the project,” adding that “We are working together with all partners on the project to create the security conditions favourable to restart the project.”The Mozambique LNG project—which is under construction—suspended activities in 2021 under force majeure conditions caused by violence…

LONDON (AP) — British health officials are warning people across the country to take precautions when out in the sun as the U.K. bakes under its first heat wave of the year.Temperatures are expected to peak at 34 degrees Celsius (93 degrees Fahrenheit) in some parts of eastern England on Saturday following a week of unusually warm weather, according to the national weather agency the Met Office. That’s about 12 C (22 F) higher than normal for this time of year.The U.K. Health Security Agency has issued an amber heat health alert covering all of England because of increased health…

A Citicore Renewable Energy solar farm in Bulacan, north of Manila.Courtesy of Citicore Renewable Energy PT Pertamina will acquire 20% of tycoon Edgar Saavedra’s Citicore Renewable Energy Corp. for 6.7 billion pesos ($118 million), providing the Philippine company with funds for expansion.PT Pertamina Power, a unit of the Indonesian state-owned oil and gas company, has agreed to buy about 2.2 billion new Citicore Renewable shares at 3 pesos each, the Manila-based company said in a Philippine Stock Exchange filing. Pertamina will get a board seat in the company, it said.“The proceeds from the agreement will contribute to the development of…

A Citicore Renewable Energy solar farm in Bulacan, north of Manila.Courtesy of Citicore Renewable Energy PT Pertamina will acquire 20% of tycoon Edgar Saavedra’s Citicore Renewable Energy Corp. for 6.7 billion pesos ($118 million), providing the Philippine company with funds for expansion.PT Pertamina Power, a unit of the Indonesian state-owned oil and gas company, has agreed to buy about 2.2 billion new Citicore Renewable shares at 3 pesos each, the Manila-based company said in a Philippine Stock Exchange filing. Pertamina will get a board seat in the company, it said.“The proceeds from the agreement will contribute to the development of…