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McDermott has signed a Memorandum of Understanding (MoU) with the Petroleum Training and Education Fund (PETROFUND) to advance technical training and workforce development in Namibia’s growing oil and gas sector.  The partnership will align academic and industrial training with international standards, offering Namibian students, job seekers, and service providers access to education, mentorship, and employment opportunities. The initiative aims to strengthen local capacity across technical disciplines including engineering, fabrication, operations, and project management, supporting the development of Namibia’s offshore energy resources. “This MOU furthers our commitment to developing local content and building a sustainable oil and gas workforce…

Gold prices were surging above $4,000 per ounce on Tuesday for the first time ever, as escalating political tension in the United States and renewed fears over global financial stability drove investors out of risk assets and into safe havens. Spot gold jumped more than 3% in intraday trading, building on a rally that has lifted the metal over 50% since January.The latest rally comes as markets brace for potential Federal Reserve rate cuts later this year and as investors increasingly view bullion as a hedge against policy and geopolitical chaos. Reuters noted that U.S. Treasury yields have eased on safe-haven…

Nvidia CEO Jensen Huang believes that America refocusing on energy growth will not only help the U.S. win on artificial intelligence but also fuel continued economic growth. Jim Cramer says he has the power stock to own, which has found itself at the heart of providing solutions to companies looking to generate more energy to meet booming demand for AI computing. During the Investing Club’s October Monthly Meeting , Jensen told Jim that “without energy growth, there is no industrial growth, without industrial growth, there’s no stock price growth, there’s no economic growth, there’s no national security.” It’s increasingly clear…

The UK’s national security is under severe threat from the climate crisis and the looming collapse of vital natural ecosystems, with food shortages and economic disaster potentially just years away, a powerful report by the UK’s intelligence chiefs is due to warn.However, the report, which was supposed to launch on Thursday at a landmark event in London, has been delayed, and concerns have been expressed to the Guardian that it may have been blocked by number 10.The destabilising impact of the climate and nature crises on national security is one of the biggest risks facing Britain, the joint intelligence committee…

Global investment manager Nuveen announced the appointment of former RWE senior executive Costas Papamantellos as Head of Energy Transition Investments, as part of the firm’s Clean Energy Infrastructure team. The new appointment follows the announced launch by Nuveen earlier this month of its new dedicated Global Infrastructure Investment Platform, combining several of its infrastructure-focused teams, including its Clean Energy Infrastructure, Diversified Infrastructure, and Digital Infrastructure equity teams, as well as its private credit-focused Nuveen Energy Infrastructure Credit, and its sustainable commercial real estate financing solutions business Nuveen Green Capital. Papamantellos joins Nuveen after more than 17 years at German power…

Cenovus Energy is raising its takeover bid for MEG Energy in the best and final offer to buy the company that has seen rival bids from Cenovus and Strathcona Resources in recent months. Cenovus announced on Wednesday a sweetened offer for MEG Energy shareholders, which values the target company at US$6.16 billion (C$8.6 billion) including debt.  The fully pro-rated consideration for MEG represents a value of approximately US$21.37 (C$29.80) per MEG share at Cenovus’s closing share price on October 7, 2025, an increase of approximately US$0.95 (C$1.32) per share compared to the terms of the original arrangement agreement.MEG Energy has agreed to…

As Hollywood wrestles with how to reconcile AI and the creative process, new research offers a look at how some in the industry are actually using the tech.The findings, published October 8, come from the Mozilla Foundation and think-tank the Berggruen Institute. They offer a rare snapshot, albeit based on a limited sample size, of how people in Hollywood are using AI.The research came out of discussions with 174 people working in creative fields over three months in early 2025. The largest group (43%) consisted of TV and film producers, directors, and similar professionals. Others represented music, marketing, and technology…

(Investing.com)–  signed an agreement with Iraq on Wednesday to help it develop its large Majnoon oilfield and expand its oil export infrastructure, marking a return to the country two years after leaving. OPEC’s second largest producer is looking to draw back Western oil majors and increase output constrained by years of war, corruption and sectarian tensions. Iraqi Prime Minister Mohammed Shia al-Sudani announced that a deal was signed with Exxon but included few details. It will involve a profit-sharing agreement covering crude oil and refined products and plans to upgrade Iraqi oil export infrastructure in the south, according to four sources…

  British Prime Minister Keir Starmer flew into India on Wednesday – with more than 100 leaders from the business, culture and university sectors – to urge implementation of a bilateral trade deal as soon as “humanly possible.” Britain and India signed a free-trade agreement in July during a visit by Indian Prime Minister Narendra Modi, sealing a deal to cut tariffs on goods from textiles to whisky and cars, and allow more market access for businesses. Talks on the trade pact were concluded in May after three years of stop-start negotiations, with both sides hastening efforts to clinch a deal in the shadow of…

Snacking, food, and pet care products provider Mars announced new agreements with renewable energy developer GoldenPeaks Capital to launch more than 100 new solar projects in Poland to supply renewable electricity to Mars and to agriculture company Cargill, one of Mars’ largest suppliers. The new agreement forms Mars’ first European contract under its Renewable Acceleration program, aimed at accelerating the shift from fossil fuels to clean energy across the company’s operations and its global value chain.  Mars announced the launch of the program last month, with Enel North America as its first energy partner. Under the new agreement, believed to…