Author: omc_admin

In an oil and gas report sent to Rigzone late Monday by the Macquarie team, Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be up by 7.6 million barrels for the week ending May 9. “This follows a 2.0 million barrel draw in the prior week, with the crude balance again realizing tight relative to our expectations,” the Macquarie strategists noted in the report. “For this week’s crude balance, from refineries, we model crude runs higher (+0.3 million barrels per day). Among net imports, we model a very large increase, with exports down (-0.9 million barrels…

FILE PHOTO: Coal moves on an overland belt from inside the newly opened Ramaco Resources Inc. Stonecoal Alma mine near Wylo, West Virginia, U.S., on Tuesday, Aug. 8, 2017.Andrew Harrer | Bloomberg | Getty ImagesA small coal miner headquartered in Kentucky could play an important role in helping the U.S. break its dependence on China for rare earth elements that are crucial for national defense.Ramaco Resources unexpectedly discovered in 2023 that a Wyoming coal mine it purchased for $2 million is sitting on top of a major trove of rare earth elements. The Brook Mine outside Sheridan is estimated to…

Basel Committee to Publish Climate Risk Disclosure Framework: A voluntary framework will guide jurisdictions on climate-related financial risk disclosures. Extreme Weather Events Now a Priority: Global banking regulators will intensify analysis on the financial implications of climate-driven disasters. U.S. Pullback Highlights Global Divide: U.S. regulators scale back climate efforts, while Europe pushes climate risk integration into financial supervision. Global banking regulators have agreed to intensify efforts to assess the financial risks posed by climate change—particularly from extreme weather events—despite mounting resistance from the United States. Meeting on May 12, 2025, the Group of Central Bank Governors and Heads of Supervision…

Oversubscribed Fund: Aligned Solar Partners 6 LP closed with over $240M in commitments—exceeding its $200M target. Doubling Output: The fund targets over 150 MW across seven U.S. states, doubling Aligned’s distributed solar capacity. Strong Institutional Backing: Capital raised from global insurance firms, endowments, foundations, and family offices. Aligned Climate Capital has closed its sixth distributed solar fund, Aligned Solar Partners 6 LP (ASP6), with commitments exceeding $240 million—surpassing its $200 million target. The oversubscribed fund marks the firm’s largest investment vehicle to date, backed by major institutional investors, including global insurance companies, endowments, foundations, and family offices. “The U.S. needs…

In a warehouse just outside Phoenix, the same type of robots that usually move packages are now helping grow fresh lettuce and herbs. It’s not a distribution center—it’s a vertical farm. What’s RelatedAutoStore and ag-tech firm OnePointOne have teamed up to launch Opollo Farm, a fully automated indoor farming system that uses the same cube-based storage grid seen in e-commerce fulfillment. But instead of storing goods, these bins hold leafy greens, which are now being sold at select Whole Foods Market stores in Arizona. The robots move plants through the system, adjusting their position to give each one just the…

Envision will develop Latin America’s first Net-Zero Industrial Park in Brazil, focusing on Sustainable Aviation Fuel (SAF), green hydrogen, and ammonia. The initiative positions Brazil as a future global hub for green oil production, capitalizing on its biomass and renewable electricity. The project replicates Envision’s proven Net-Zero model from Inner Mongolia and aligns with global decarbonization goals. Envision, a global green tech leader, has partnered with the Brazilian government to accelerate the country’s green energy transition through the development of Latin America’s first Net-Zero Industrial Park. The announcement came during Brazilian President Luiz Inácio Lula da Silva’s official visit to…

Commercial-scale production of e-methanol begins: Kassø facility delivers 42,000 tonnes annually using 100% renewable energy. Industry giants adopt green fuel: Maersk, LEGO, and Novo Nordisk onboard as major offtakers to cut carbon emissions in hard-to-abate sectors. Model for global decarbonization: Strategic international collaboration showcases scalable Power-to-X technology and circular energy integration. The world’s first large-scale commercial e-methanol plant has officially opened in Kassø, Denmark, positioning itself as a cornerstone in the global transition to low-emission fuels. The €150 million Kassø e-methanol facility, a joint venture between European Energy (51%) and Mitsui & Co. (49%), is now operational and delivering 42,000…

Intel Corp. has certified Shell Plc’s lubricant-based method for cooling servers more efficiently within data centers used for artificial intelligence. The announcement on Tuesday, which follows the chipmaker’s two-year trial of the technology, offers a way to use less energy at artificial intelligence facilities, which are booming and are expected to double their electricity demand globally by 2030, consuming as much power then as all of Japan today, according to the International Energy Agency. So far, companies have largely used giant fans to reduce temperatures inside AI data centers, which generate more heat in order to run at a higher power. Increasingly,…

NRG Energy Inc. and LS Power Equity Advisors LLC have penned a deal under which NRG will acquire gas-fired power units with a combined capacity of about 13 gigawatts (GW) and a C&P VPP (commercial and industrial virtual power plant) platform from LS Power. The transaction has an enterprise value of $12 billion. This consists of $6.4 billion in cash, a $2.8 billion stock issuance to LS Power and $3.2 billion of assumed debt. “The acquisition will double NRG’s generation capacity to 25 GW, adding modern, flexible natural gas assets that cannot be replicated”, said a joint statement Monday. “These…

Oil prices rallied aggressively on the news of a U.S.-China trade deal, with fears of a total economic collapse fading. Despite that development, abundant supply means the upside for prices remains limited.- A string of deals targeting large-cap electricity generation companies across the US has put this year’s to date power sector M&A tally to $51 billion, on track for a new all-time high.- Up until now, the highest number of US generation mergers and acquisitions took place immediately after COVID-19 hit, when a total of $55.7 billion was spent on corporate takeovers.- AI’s increasing need for power generation is…