Author: omc_admin

Oil majors are betting big on liquified natural gas (LNG), throwing down the gauntlet to predictions of peak gas by the end of the decade. Britain’s Shell , a leading player in the global LNG market, has identified the super-cooled commodity as a primary focus amid the energy transition. France’s TotalEnergies said it expects LNG volumes managed by the company to grow by 50% between 2023 and 2030, while BP , which recently doubled down on fossil fuels as part of a green strategy U-turn , has significant LNG investments. Stateside, Exxon Mobil is seeking to double its LNG portfolio…

Duolingo CEO Luis von Ahn said his language learning platform does not intend to lay off any full-time employees because of AI.”We’ve never laid off any full-time employees. We don’t plan to,” von Ahn told The New York Times in an interview published Sunday.von Ahn said Duolingo relies on contractors for “temporary tasks,” and that their numbers go “up and down depending on needs.” He added that the work done by Duolingo’s engineers will likely change in the next five years because of AI.”They may not be doing some rote tasks anymore. What will probably happen is that one person…

PESHAWAR, Pakistan (AP) — Rescuers are looking for more than 150 people who were still missing on Monday in northwestern Pakistan, where scores died after the area was struck by a cloudburst. A senior politician blamed locals for the high death toll, saying people should have built their homes elsewhere.Search operations have been extended to remote areas to find residents swept away by floods that hit the mountainous district of Buner in Khyber Pakhtunkhwa province on Friday, said emergency services spokesman Mohammad Suhail. The army has deployed engineers and heavy machinery to clear the rubble.The death toll in Buner reached…

The artificial intelligence boom has brought with it hundreds of billions of dollars in investments and promises of economic growth . But the infrastructure required is demanding massive amounts of energy and resources. One lesser-known example of that dilemma can be found in the southern tip of Malaysia, which has quietly become one of Southeast Asia’s fastest-growing data center hubs amid the heightened compute demands of AI. The country’s state of Johor — with a population of about 4 million people — has attracted billions’ worth of projects for such data centers in recent years , including from many of…

(World Oil)– Canadian oil sands companies have found a way to ramp up production in the face of oil prices: curtailing lengthy repairs to equipment.   Canadian Natural Resources Ltd., Imperial Oil Ltd. and others are extending maintenance cycles to two-years from one, which saves on capital expenditure, increases output and effectively offsets declining profits from crude prices that have fallen 11% in the past year. Suncor Energy Inc., meanwhile, completed a major coke-drum replacement at its Base Plant more than 3 weeks faster than planned, allowing the company to cut capex guidance by C$400 million in 2025. The efficiency…

China, the world’s biggest oil importer is the largest Russian oil buyer followed by India. Oil prices slipped on Monday as the U.S. did not exert more pressure on Russia to end the Ukraine war by implementing further measures to disrupt Russian oil exports after the presidents from both countries met on Friday.Brent crude futures dropped 26 cents, or 0.39 per cent , to $65.59 a barrel by 0028 GMT while U.S. West Texas Intermediate crude was at $62.62 a barrel, down 18 cents, or 0.29 per cent . U.S. President Donald Trump met Russian President Vladimir Putin in Alaska…

IOCLNew Delhi: Indian Oil Corporation, the country’s largest refiner, will begin producing sustainable aviation fuel (SAF) in December, said chairman A. S. Sahney.The company’s SAF production unit, located alongside its refinery in Panipat, Haryana, will have an annual capacity of 35,000 tonnes. This output will be enough to meet the entire SAF blending requirement for international airlines in India by 2027, Sahney said.India has adopted a phased approach to SAF, starting with a mandate for 1% blending in jet fuel for international flights by 2027, rising to 2% by 2028.SAF will cost nearly three times more than conventional aviation turbine…

New Delhi: Some Indian refiners are taking a cautious approach to Russian oil tenders, delaying orders for September-loading cargoes as they wait for clarity on how Trump’s proposed 25% oil purchase-linked penalty will play out. Executives at these refiners however said a hasty shift to alternative suppliers would tighten the market and risk pushing global oil prices higher.”We haven’t awarded any tender for Russian oil for September loading as yet,” said a refinery executive, adding that the company may do so in the coming days.Indian refiners tend to place orders a month before loading, and it typically takes another month…

MIAMI (AP) — A stronger and bigger Hurricane Erin pelted parts of the Caribbean and was forecast to create dangerous surf and rip currents along the U.S. East Coast this week.It reintensified to a Category 4 storm with 130 mph (215 kph) maximum sustained winds late Sunday as its outer bands lashed the Virgin Islands and Puerto Rico, according to the U.S. National Hurricane Center in Miami. Erin was forecast to bring tropical storm conditions to the Turks and Caicos Islands and the southeast Bahamas overnight into Monday.Additional strengthening was forecast for Monday followed by gradual weakening, but Erin was…

This as-told-to essay is based on a conversation with Surbhi Madan, 30, a senior software engineer at Google. She lives in New York. It has been edited for length and clarity. Business Insider has verified her employment and visa details.I came to the US in 2013 to pursue a bachelor’s at Brown University. I was inspired by my older brother, who went to the US for his master’s and liked the teaching approach.College was a big cultural adjustment, and I wasn’t prepared for how cold the East Coast got. Still, I loved building an independent life, finding new hobbies, and…