Author: omc_admin

Political and media attacks on renewable energy and climate action in Australia in recent months have come “out of the climate obstruction playbook” that has been honed over decades around the world by fossil fuel interests.Prof Christian Downie, an Australian researcher, says he has studied techniques used by business groups and lobbyists all over the world which are now being seen in Australia.Renewable energy and policies to reach net zero emissions came under sustained attack from some quarters as the Albanese government considered its 2035 climate target and the Coalition was put under pressure internally to drop net zero targets.Sign…

AI startup Zingage has raised $12.5 million in seed funding to help bring healthcare inside the home — a shift it says will occur over the next decade.The two-year-old startup is developing an AI-powered scheduling and operations product for home healthcare agencies, which send caregivers into people’s homes for aid — as opposed to a hospital or long-term facility.Patients aren’t receiving care because agencies are bogged down by offline logistics, cofounder and CEO Victor Hunt told Business Insider, while workers in the field are cobbling together hours to make a living wage.”We want all healthcare to be deployed in the…

Chemicals giant Ineos Group is cutting 60 jobs — about 20% of the workforce — at a plant in Hull, England due to high energy costs and cheap imports from China. The Acetyls plant makes ingredients for pharmaceuticals, adhesives and the food industry. The decision follows a plan announced on Monday by the company’s Inovyn unit to cut production in Germany for similar reasons, a move that will result in the loss of 175 jobs. Ineos, owned by billionaire Jim Ratcliffe, has long argued that high energy and carbon costs are killing Europe’s chemicals industry. The company has said its Grangemouth plant outside Edinburgh — the…

As Silicon Valley chases the next frontier in technology, one classic tool still reigns supreme: Microsoft Excel.That’s why business intelligence platform AlphaSense is acquiring Carousel, the New York-based startup behind an AI assistant that generates financial spreadsheets and builds models in Excel. The Carousel prompt bar in Excel Carousel AlphaSense declined to disclose specific financial details about the deal, but AlphaSense CEO Jack Kokko told Business Insider in an interview that the company just crossed $500 million in annual recurring revenue and now has 6,500 corporate clients. AlphaSense launched in 2011 and is valued at $4 billion, according to PitchBook.Kokko…

Zephyr Energy PLC on Monday reported increased estimates for recoverable resources in its assets in the Paradox Basin onshore Utah and that it is seeking a partner to launch development. Proven recoverable reserves (1P) from the Crane Creek reservoir, which spans 20,000 acres in the company’s 100 percent-owned White Sands Unit (WSU), have increased from 0.16 million barrels of oil equivalent (MMboe) to 14.8 MMboe, the London-based company said. The new 1P figure, representing seven wells, consists of 1.93 million barrels of oil sales volume, 59.36 billion cubic feet (Bcf) of gas sales volume and 2.97 million barrels of natural…

Allseas has awarded Able Group contracts to dismantle, reuse, and recycle two of TAQA UK’s most significant North Sea platforms — Cormorant Alpha and Tern — marking one of the largest decommissioning projects ever undertaken in the region.  Able Group Chief Executive Officer, Lance Taylor, says Allseas’ contract awards for TAQA UK topsides are ‘a defining moment’ for UK decommissioning. The two topsides, with a combined weight of about 47,500 tonnes, will be transported to Able Seaton Port (ASP) in Teesside from 2027 onward for dismantling and materials recovery. Up to 97% of the recovered materials are expected…

In a BMI report sent to Rigzone by the Fitch Group recently, BMI analysts said they believe OPEC+ “will remain responsive to shifts in the oil price”. “The group is in the process of returning a 1.65 million barrel per day tranche of cuts to the market, beginning with a 137,000 barrel per day increase in October,” the analysts said in the report, which is dated October 3, two days before OPEC+’s latest meeting on October 5. “Several producers will bump up against capacity constraints and this, coupled with adherence to pledged compensation cuts, will help to restrain growth over…

Strong gas trading, higher upstream production and liquefaction volumes, and increased refining margins are expected to boost Shell’s third-quarter earnings, the supermajor said in a trading update on Tuesday.  Shell said in its third quarter 2025 update note that trading and optimization in its Integrated Gas division is expected to be “significantly higher” for the third quarter compared to the second quarter. Marketing adjusted earnings, as well as trading in the chemicals and fuels divisions, are also set to be higher than in Q2, said the supermajor, which reports full Q3 earnings on October 30.  Shell raised its outlook for LNG volumes…

Chart Industries Inc shareholders on Monday approved its acquisition by Baker Hughes, in an all-cash transaction offering $210 per share. The ballot saw 98.87 percent vote in favor of the merger, or about 35.35 million shares out of 35.75 million shares represented, according to a filing by Chart with the United States Securities and Exchange Commission. “The transaction is expected to be completed by mid-year 2026, subject to customary conditions and the receipt of applicable regulatory approvals”, Chart affirmed in a separate online statement. Baker Hughes chair and chief executive Lorenzo Simonelli said in a separate statement on Monday, “With the pending…

Growth in U.S. renewable capacity additions will be 45% lower than previously expected, due to the Trump Administration’s raid on clean energy incentives and permitting, according to the International Energy Agency (IEA). In its annual Renewables 2025 report out on Tuesday, the agency slashed its growth forecasts for clean energy capacity extensions by 45% compared to the growth of about 500 gigawatts (GW) expected last year. “The forecast for the United States is revised down by almost 50%,” the IEA said. “This reflects several policy changes, including the earlier phase out of federal tax credits, new import restrictions, the suspension of new offshore…