Author: omc_admin
Several liquefied natural gas tankers are heading to Asia from a Russian export facility sanctioned by the US, potentially testing Washington’s resolve to crack down on the trade amid high-level talks over the war in Ukraine. The Iris and Voskhod vessels, which are carrying shipments from the Arctic LNG 2 plant in Siberia, began traveling to North Asia via the Northern Sea Route on Aug. 15 after being idled for weeks, according to ship-tracking data compiled by Bloomberg. Two other tankers that recently loaded at the plant also started heading toward Asia last week. Arctic LNG 2, led by Novatek…
Capgemini’s chief corporate responsibility officer to lead financial oversight for UNGC USA Brings blend of global business leadership and sustainability expertise Takes over from Michael Okoroafor of McCormick & Company, who retired UN Global Compact Network USA, the American chapter of the UN’s global corporate sustainability initiative, has elected Shobha Meera as treasurer of its Board of Directors. Meera, chief corporate responsibility officer at Capgemini, will guide financial stewardship and strategic resource alignment for the network, which mobilizes U.S. companies around the UN Global Compact’s Ten Principles on human rights, labor, environment, and anti-corruption. At Capgemini, Shobha Meera has driven…
New Delhi: Crude oil futures on Monday fell ₹102 to ₹5,498 per barrel as participants trimmed their positions, tracking weak demand in the spot market.On the Multi-Commodity Exchange, crude oil for September delivery declined ₹102 or 1.82 per cent to ₹5,498 per barrel in 6,275 lots.Analysts said the prices were affected after participants offloaded their holdings amid weak demand in the spot market. Globally, West Texas Intermediate crude oil for September contract was trading 0.11 per cent higher at USD 62.87 per barrel, while Brent Crude for October contract fell 0.03 per cent to USD 65.83 per barrel in New…
Oil flows via the Druzhba pipeline from Russia to Hungary have been halted, following a Ukrainian attack on a transformer station, Hungarian Foreign Minister Peter Szijjarto said on Monday.“Ukraine has attacked again the oil pipeline to Hungary, which has halted petroleum transportation to our country,” Szijjarto posted on Facebook.This is yet another attack against Hungary’s energy security and it is “outrageous and unacceptable,” the official added.The Druzhba pipeline carries Russian crude to Central Europe. The pipeline is a key artery of oil supply from Russia to Europe, with two branches – a northern one via Belarus that supplies Belarus, Poland,…
New software supports compliance with the EU Deforestation Regulation ahead of December 30, 2025 AI-enhanced platform engages hard-to-reach suppliers and ensures traceable, deforestation-free sourcing Companies failing to comply risk EU market exclusion and fines of up to 4% of European revenue Assent Inc. has introduced a new EU Deforestation Regulation (EUDR) solution aimed at helping manufacturers meet the bloc’s looming compliance deadline. The regulation, which takes effect December 30, 2025, requires companies to prove that products entering the EU are deforestation-free, legally produced, and traceable to their land of origin. For large and medium-sized firms, due diligence statements will be…
Sinopec Engineering Group Co. Ltd. on Sunday reported CNY 31.56 billion ($4.39 billion) in revenue for the first half of 2025, up 10.1 percent from the first six months of 2024. The increase was “mainly due to the fact that large-scale projects such as Aramco Huajin, SABIC Mangguo Ethylene, Jihua Transformation and Upgrading and Saudi Riyas entered construction or settlement peak”, said the report on Sinopec Engineering’s website. The petrochemical sector accounted for 63 percent of the total revenue of the energy and chemical engineering multinational, majority-owned by the state’s China Petrochemical Corp., for January-June 2025. The sector logged a…
Over US$1.685 billion in green bond proceeds deployed to renewable energy and storage projects across nine countries. For every US$1 million invested, around 3,700 tonnes of CO₂ equivalent avoided annually. Updated Green Finance Framework expands to cover green hydrogen and energy storage, reinforcing investor demand. Masdar has detailed how it deployed more than US$1.685 billion from its 2023 and 2024 green bond issuances into clean energy projects worldwide, according to its newly released 2024 Green Finance Report. The proceeds were allocated to new solar, wind, and energy storage projects across markets including the UAE, Saudi Arabia, the United States, Germany,…
Island communities off the coast of North Carolina are bracing for flooding ahead of the year’s first Atlantic hurricane, Hurricane Erin.Although forecasters are confident that the storm won’t make direct landfall in the United States, authorities on a few islands along North Carolina’s Outer Banks issued evacuation orders and warned that some roads could be swamped by waves of 15 feet (4.6 meters). The monster storm intensified to a Category 4 with 140 mph (225 kph) maximum sustained winds early Monday while it started to lash the Turks and Caicos Islands and the southeast Bahamas, according to the U.S. National…
Lenoir City, Tennessee, Electrical transmission equipment at the Fort Loudoun Dam, operated by the Tennessee Valley Authority. Jim West | UCG | Universal Images Group | Getty ImagesAlphabet’s Google and Kairos Power will deploy an advanced nuclear plant connected to the Tennessee Valley Authority’s electric grid by 2030, the companies announced on Monday.TVA has agreed to purchase up to 50 megawatts of power from Kairos’ Hermes 2 reactor. It is the first utility in the U.S. to sign a power purchase agreement with an advanced reactor like Hermes 2, according to the companies.Hermes 2 is the first deployment under an…
Russia’s Arctic LNG 2 export facility, which is sanctioned by the United States, is coming back to life after a year of no activity and is looking for buyers in Asia.At least four tankers carrying LNG from Russia’s flagship Arctic project have departed in recent days from the export facility via the Northern Route to Asia, vessel-tracking data compiled by Bloomberg showed on Monday.The latest development signals that Russia is trying – again – to sell the LNG from the sanctioned project led by Russian firm Novatek, and possibly test the resolve of the U.S. sanctions against Russian energy projects…