Author: omc_admin

(Oil Price) – The world’s biggest oil and gas firms are embracing AI and related technology to maximize savings, optimize operations, and boost earnings. Digitalization is not new to the energy sector—oil producers and utilities have been using and perfecting it for years. But AI and its rapid advancements and capabilities are the latest hype, and it seems everyone is using it, and doing a very good job at it, at least companies say so. Robot Dogs, AI Drones Oil and gas firms use robot dogs and AI-enabled drones for inspections at operating assets, as well as autonomous haul trucks, among…

The U.S. Department of Energy (DOE) this week announced it has taken the first step in the Energy Department’s largest deregulatory effort in history, proposing the elimination or reduction of 47 regulations. The U.S. DOE last month awarded a $1.4 billion contract to APTIM, BWX for management of the Strategic Petroleum Reserve (SPR) Once finalized, the DOE promised, “these actions will save the American people an estimated $11 billion and cut more than 125,000 words from the Code of Federal Regulations.”  The DOE stated that the actions were taken “in accordance with President Donald Trump’s Executive Order, ‘Zero-Based…

Auburn University B.S. in Supply Chain Management Auburn, AL Offers a curriculum emphasizing logistics, procurement, and operations management. Tuskegee University B.S. in Supply Chain Management Tuskegee, AL Focuses on supply chain strategies within global markets. Alabama A&M University B.S. in Logistics and Supply Chain Management Normal, AL Provides education in logistics, transportation, and supply chain analytics. Arizona State University – W. P. Carey School of Business B.S. in Supply Chain Management Tempe, AZ Recognized for innovative programs with emphasis on sustainability and technology integration. Northern Arizona University B.S. in Supply Chain Management Flagstaff, AZ Offers a program focusing on procurement,…

The government of Mozambique has entered two strategic agreements that, if finalized, would result in construction of the country’s first crude oil refinery, as well as a grassroots pipeline for delivery of petroleum-based products from the southeast African coastal republic to neighboring Zambia. Identified as agreements of “high-strategic importance,” the two memorandums of understanding (MOU) for development of the refinery and pipeline projects were signed in Maputo between May 7-8 during the 11th Mozambique Mining and Energy Conference (MMEC), which brought together key government representatives, energy companies, local stakeholders, development partners, service providers, and other investors to accelerate mining and…

For the first time, the growth in China’s clean power generation has caused the nation’s carbon dioxide (CO2) emissions to fall despite rapid power demand growth. The new analysis for Carbon Brief shows that China’s emissions were down 1.6% year-on-year in the first quarter of 2025 and by 1% in the latest 12 months. Electricity supply from new wind, solar and nuclear capacity was enough to cut coal-power output even as demand surged, whereas previous falls were due to weak growth. The analysis, based on official figures and commercial data, shows that China’s CO2 emissions have now been stable, or…

For over two years, OPEC and its partners from Central Asia, led by Russia, tried to push oil prices higher by withholding oil supply. Some did it more successfully than others. Saudi Arabia especially excelled at curbing supply—to no avail. Factors outside OPEC+’s control caused prices to slide lower and stay lower. And OPEC+ has now come to terms with this, it seems. For the time being.“You can’t scream into the storm forever,” Bill Farren-Price, senior research fellow at the Oxford Energy Institute, told the Financial Times this week. “They’re good at tweaking and fine-tuning balances, but they can’t push…

(Investing) – LONDON – OPEC on Wednesday trimmed its forecast for growth in oil supply from the United States and other producers outside the wider OPEC+ group this year and said it expected lower capital spending following a decline in oil prices. Supply from countries outside the Declaration of Cooperation – the formal name for OPEC+ – will rise by about 800,000 barrels per day in 2025, OPEC said in a monthly report, down from last month’s forecast of 900,000 bpd. A slowdown in supply growth outside OPEC+, which groups the Organization of the Petroleum Exporting Countries plus Russia and other…

McDermott has successfully completed fabrication, construction, and offshore floatover of the Scarborough floating production unit (FPU) topside and hull structures for Woodside Energy. The contract, awarded in 2021, followed the successful delivery of front-end engineering design for the Scarborough Energy Project’s FPU and includes engineering, procurement, construction, installation and commissioning (EPCIC) services. McDermott is delivering design, fabrication, integration, transportation and installation of an approximately 30,000-metric-ton topside and 37,000-metric-ton hull structure, making it the largest floating production facility the company has ever designed and built, and one of the largest semisubmersible production platforms built in offshore history.  Topsides fabrication was…

Running a multibillion-dollar company often requires lots of early mornings. For Airbnb CEO Brian Chesky, however, much of his work gets done late at night.The 43-year-old is leading his company through a major redesign that enables users to book services on Airbnb in addition to stays. Chesky spent his Thanksgiving holiday weekend working on a 10,000-word plan to bring his vision to life and revising it to 1,500 words over the span of a few days, he recently told Wired.There’s a good chance that the plan came together at least partly in the late hours of the night. The billionaire…

Prime Minister Mark Carney said he’ll consider altering environmental regulations passed by his predecessor, Justin Trudeau, in order to facilitate investment in major projects in Canada, including oil and gas pipelines. “We will change things at the federal level that need to be changed in order for projects to move forward,” Carney told CTV News in an interview that aired Tuesday, shortly after his new cabinet was sworn into office. Asked if those changes might apply to C-69 — legislation that created new rules for environmental assessments — or to a proposed cap on oil and gas industry emissions, he replied: “Absolutely it could…