Author: omc_admin

While the federal government of Iraq welcomes cooperation with U.S. energy firms, Baghdad noted on Friday that direct deals with the semi-autonomous Kurdistan region violate the Iraqi constitution and need to go through the federal authorities with federal approval.Earlier this week, the Kurdistan Regional Government (KRG) in northern Iraq formalized two major energy agreements with U.S. firms HKN Energy and WesternZagros in Washington, D.C.“These agreements lay a robust foundation for the strategic development of the Topkhana energy block in Garmian—an asset with significant commercial potential. This initiative is designed to strengthen energy security while generating attractive returns for stakeholders and…

The Golden Pass LNG project in Sabine Pass, Texas, will begin production by year-end, QatarEnergy chief executive Saad Sherida Al-Kaabi said. Together with QatarEnergy’s North gas field expansion projects at home, the project with Exxon Mobil Corp. will more than double QatarEnergy’s LNG production from the current 77 million metric tons per annum (MMtpa) to 160 MMtpa, according to Al-Kaabi. The first liquefaction train from the North Field east expansion project will start production by mid-2026. “As for North Field West, it is in the engineering phase and will be going into the construction phase somewhere in 2027”, Al-Kaabi, who…

90% electric operation: DHL’s new Extended Range Electric Vehicle (EREV) ran in electric mode for over 90% of its 22,000 km trial. Massive emissions cut: The pilot saved nearly 16 metric tons of CO₂e—over 90% lower than a traditional diesel truck. Operational flexibility unlocked: The integrated backup generator ensures reliability even when charging infrastructure is limited. DHL Group has unveiled a promising new emissions-cutting tool in its decarbonization strategy: the Extended Range Electric Vehicle (EREV), built in collaboration with Scania. Tested over 100 days between Berlin and Hamburg, the electric truck—with a built-in fuel-powered generator for battery recharging—delivered substantial carbon…

With new tariffs taking effect, trucking rules shifting, and global shipping disruptions growing, U.S. supply chains are facing a challenging summer. Karl Fillhouer, Vice President of Sales and Operations at Circle Logistics, shares his take on what these changes mean for freight volumes, logistics planning, and the months ahead. What’s RelatedSupply Chain 24/7: What is your initial reaction to the 90-day tariff reduction agreement between the U.S. and China? Karl Filhouer: This temporary easing is a cautiously positive step; however, a short-term ‘fix’ will not compensate for the long-term damage being done with our trading partners from around the globe.…

Data-Driven Decarbonization: Partnership enables enterprises to shift from estimated Scope 3 emissions to verified, actionable insights. Supplier Empowerment: Suppliers gain tools to measure, improve, and showcase carbon performance—driving competitiveness. Private Equity-Backed Scaling: Backing from Bridgepoint accelerates global rollout and integration of sustainability technologies. Green Project Technologies and Achilles have announced a strategic partnership designed to simplify and scale Scope 3 emissions management across global supply chains—an area long plagued by fragmented data and assumptions-based estimates. By integrating Green Project’s carbon accounting and engagement tools with Achilles’ supplier risk and sustainability performance data, corporates will gain a clearer view of their…

90% of importers exempted: Small-scale importers (under 50 metric tons/year) will avoid CBAM bureaucracy. High-impact emissions still targeted: The exempted 90% account for less than 1% of emissions—meaning climate goals stay intact. Permit sales delayed to 2027: Companies gain an extra year to prepare for purchasing CO₂ import permits. The European Parliament has endorsed a major revision to the EU’s Carbon Border Adjustment Mechanism (CBAM), exempting companies importing less than 50 metric tons of covered goods annually from the tariff. This move aims to simplify compliance for small businesses while keeping the policy’s climate impact intact. “More than 90% of…

44 oil and gas firms must deliver 50Mt/year CO₂ storage by 2030, proportional to past production levels. Storage sites will be designated Net-Zero Strategic Projects, enabling access to faster permitting and funding. Entities can meet obligations through partnerships, solo investments, or third-party collaborations. The European Commission has formally designated 44 oil and gas companies to develop CO₂ storage capacity across Europe, aligning with the EU’s Net-Zero Industry Act and Industrial Carbon Management Strategy. By 2030, these companies must provide 50 million tonnes of annual CO₂ injection capacity into geological storage sites — a cornerstone initiative aimed at decarbonizing Europe’s most…

Cooling towers are seen at the nuclear-powered Vogtle Electric Generating Plant in Waynesboro, Georgia, U.S. Aug. 13, 2024. Megan Varner | ReutersNuclear power stocks surged Friday on a report that President Donald Trump will sign executive orders to speed the construction of reactors and secure key materials for the industry.Advanced reactor companies Oklo and NuScale jumped about 8% premarket. Constellation Energy, the largest nuclear operator in the U.S., was up 2%. Cameco Corp., one of the biggest uranium miners in the world, rose more than 4%.Trump could sign the orders as early as Friday, sources familiar with the matter told Reuters.…

Apple is doubling down on India as a major hub for making iPhones. Foxconn, the company that builds most of Apple’s phones, just announced a $1.5 billion investment in a new plant near Chennai. The new facility will make display modules—key parts that go under the iPhone’s screen and handle touch, brightness, and color. What’s RelatedThis is Apple’s latest move to shift some of its manufacturing out of China, where most of its devices are still made. However, the shift is drawing criticism from U.S. President Donald Trump, who wants Apple to bring jobs back home. “We are not interested…

Apple dipped premarket on Friday after President Donald Trump said iPhones manufactured outside the US would face a tariff of at least 25%.”I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else,” Trump wrote in a Truth Social post on Friday.He warned that if Apple failed to comply, it would have to pay the US a tariff of “at least” 25%.Apple stock was down 3.6% just before 8:30 a.m. ET.S&P futures fell…