Author: omc_admin
$50M XPRIZE Win Validates Technology: Mati Carbon’s enhanced rock weathering (ERW) approach wins the XPRIZE Carbon Removal grand prize, beating out 1,300 global competitors. Blended Finance from J.P. Morgan Fuels Global Expansion: Backed by the Schmidt Family Foundation, the new facility enables Mati to scale ERW across India and Sub-Saharan Africa. High-Integrity CDR with Local Economic Benefits: Mati’s model boosts smallholder farmer income by up to 20% while delivering scalable, scientifically verified CO₂ removal. J.P. Morgan has committed blended finance to support Mati Carbon’s global expansion, enabling the carbon removal startup to scale its enhanced rock weathering (ERW) technology across…
In an EBW Analytics Group report sent to Rigzone by the EBW team today, Eli Rubin, an energy analyst at the company, outlined that natural gas “retreat[ed]…amid repeated substantial injections”. “Yesterday’s EIA (U.S. Energy Information Administration)-reported 110 billion cubic foot injection (3.9 billion cubic feet per day looser than five-year norms and the third consecutive triple-digit injection in only the first full week of May) is deflating initial enthusiasm following the huge post-tariff April deleveraging sell-off,” Rubin stated in the report. “In our view, the bullish impulses of the gas market may prove correct – but are just early,” he added.…
Supply chain traceability solutions provider TrusTrace announced a major upgrade to its platform, utilizing AI data to enable companies to collect, centralize and analyze supply chain and traceability data. Founded in 2016, Stockholm, Sweden-based TrusTrace offers a platform for supply chain traceability and compliance, enabling brands and suppliers to standardize how supply chain and material traceability data is captured, digitized, and shared, with a focus on sectors including fashion, footwear and textiles. According to TrusTrace, the new upgraded platform uses AI technology, enabling users to unify fragmented data from suppliers, brands and third parties, to increase data reliability and insight…
90% of importers exempted: A new 50-tonne threshold will relieve administrative burdens for small and occasional importers. Environmental integrity upheld: Despite exemptions, 99% of CO₂ emissions from covered goods will remain within CBAM scope. Streamlined compliance: Revised rules simplify authorisation, emissions calculation, and financial liability management. The European Parliament’s Environment Committee has endorsed key changes to the EU’s Carbon Border Adjustment Mechanism (CBAM)—a carbon pricing tool targeting high-emission imports like steel and cement. The move aims to cut red tape for small and medium-sized enterprises (SMEs) while maintaining the system’s environmental rigor. Under the revised proposal, a new de minimis…
Mike Novogratz’s crypto firm Galaxy Digital started trading on the Nasdaq on Friday under the ticker GLXY. The stock opened at $23.50 per share on the U.S. exchange.Galaxy Digital, which has been traded on the Toronto Stock Exchange since 2020, shifted its shares to the Nasdaq through a direct listing — a move that follows a grueling, multiyear battle with U.S. regulators.Novogratz told CNBC’s “Squawk Box” on Friday that Galaxy’s value now hinges on two high-growth areas: crypto and artificial intelligence.”These are the two most exciting growth areas in markets, right. AI and the infrastructure needed for AI to exist…
Crude flows from the expanded Trans Mountain pipeline have materially shifted since the relations between the United States and Canada soured under U.S. President Donald Trump.China has now become the biggest buyer of Canadian crude shipped via the Trans Mountain Expansion pipeline to Canada’s West Coast, according to data from Kpler cited by Reuters. Last year, the Trans Mountain pipeline finally completed its expansion – after years of delays – and tripled the capacity of the original pipeline to 890,000 barrels per day (bpd) from 300,000 bpd to carry crude from Alberta’s oil sands to British Columbia’s coast. The expanded pipeline provides increased transportation…
Schneider Electric unveils agentic AI ecosystem to automate and optimize sustainability and energy strategies across enterprises. Julien Picaud appointed Head of Product Management to lead AI-driven innovation and product development. Next-gen platform integrates EcoAct capabilities including emissions tracking, scenario modeling, and compliance reporting. Schneider Electric is launching a multi-year initiative to build a category-defining agentic AI ecosystem, signaling a bold step in the digital evolution of energy and sustainability management. The initiative is designed to reshape how organizations approach decarbonization and efficiency through collaborative intelligence—AI agents that act as digital teammates rather than passive tools. “Our vision is collaborative intelligence—agentic…
Masdar’s $1B green bond was oversubscribed 6.6x, reflecting robust investor confidence and delivering the tightest spreads in its issuance history. Proceeds will finance new greenfield renewable energy projects, supporting Masdar’s global capacity targets, especially in emerging markets. Cumulative green bond proceeds now total $2.75B, reinforcing Masdar’s leadership in scaling sustainable finance at industrial levels. Abu Dhabi Future Energy Company PJSC – Masdar has raised $1 billion through its third green bond, bringing total funds secured under its green bond program to $2.75 billion since 2023. Issued in two tranches of $500 million each, with 5- and 10-year tenors at 4.875%…
Liberty Energy Inc., the oil services company founded by US Energy Secretary Chris Wright, is gearing up for a slowdown in shale drilling in the second half of the year. Chief Executive Officer Ron Gusek, who took the helm at Liberty when Wright was confirmed to President Donald Trump’s cabinet earlier this year, gave his latest view Thursday at the Super DUG Conference & Expo in Texas. “I’m certainly not in the camp of a 100-rig-count reduction,” Gusek told attendees at the conference. “Maybe it’s in the 30 to 40 range. That ultimately translates into for us to a reduction…
The United States is looking to close all loopholes Iran is using to sell its oil to China and warned Hong Kong-based banks last month against facilitating Iranian oil sales to Chinese buyers, Bloomberg reported on Friday, citing unnamed sources with knowledge of the development. In early April, a delegation from the U.S. Department of the Treasury visited Hong Kong, met with bankers in the city, and warned them against allowing Iran to use their services to facilitate payments in the Iran-China oil trade. The U.S. Treasury officials asked the banks to do thorough due diligence to uncover the ultimate owners of…