Author: omc_admin

  India could be the next country to reach a quick trade deal with the US, after Britain and the Trump Administration signed a tariff agreement this week. New Delhi has offered to slash its tariff gap with the US to less than 4% from nearly 13% – in exchange for an exemption from President Donald Trump’s “current and potential” tariff hikes, according to sources who spoke to Reuters. This would mean that the average tariff differential between India and the US, calculated across all products without weighting for trade volume, would be reduced by 9 percentage points, in one…

DHL Supply Chain has acquired IDS Fulfillment, a retail logistics and e-commerce provider based in Plainfield, Indiana. The deal gives DHL more than 1.3 million square feet of warehouse space across key U.S. cities, including Indianapolis, Salt Lake City, Atlanta, and Plainfield. What’s RelatedThis marks DHL’s second e-commerce deal of 2025. In January, the company bought Inmar’s reverse logistics business, making it North America’s largest returns processor. With the IDS deal, DHL aims to facilitate small and midsize businesses’ access to its warehouse network, delivery services, and technology. “E-Commerce has been a growth driver for DHL in recent years and…

OTC 2025 day three kicked off with a keynote speaker panel on the ongoing challenges of digital transformation in the offshore sector.  To truly leverage the time and cost savings that digital innovation offers, several key issues need to be addressed, per the panelists: understanding the importance of data across multiple industry verticals, ensuring that data is accessible and applicable, and integrating existing technologies like digital twins, AI, and automated and unmanned applications. Across various digital technologies, a critical keystone must be addressed to provide a suitable digital foundation: quality data and access to it.  As Expert Partner…

Suncor Energy Inc. has reported CAD 1.69 billion ($1.21 billion) in net profit for the first quarter (Q1) of 2025, up from CAD 1.61 billion for the same three-month period last year as it achieved its highest-ever upstream output and refined product sales for the January-March period. Net income per basic share was CAD 1.36, compared to CAD 1.25 for Q1 2024. The Calgary, Canada-based oil sands developer, which also explores for and produces oil and gas offshore, produced 853,200 barrels per day (bpd) in Q1 2025, up from 835,300 bpd in Q1 2024. Oil sands production averaged 790,900 bpd,…

The Donald Trump administration last week approved its first sale of weapons to Ukraine after signing a memorandum of intent to exploit Ukrainian mineral wealth, suggesting that US foreign and defence policy under its current president will be driven by economic policy. The US Defense Security Cooperation Agency (DSCA) announced on May 2 that the Trump administration had approved the sale of parts, maintenance and training for F-16 fighter jets to Ukraine worth $310m. Defence newspaper The War Zone had previously said decommissioned F-16s were being shipped from a US Air Force graveyard in Arizona to Ukraine for spare parts,…

  China’s decision to dial down its rhetoric about US ‘bullying’ and send a senior minister to initial talks on a trade deal appears to stem from concern about the impact of US tariffs on several sectors – and fears it could wipe out more than 10 million jobs. Sources have told Reuters the furniture, toy-making and textile sectors could be hit hard. Chinese authorities have been closely monitoring factory closures and job losses, as companies are struggling to avoid bankruptcies and to replace the US market. There is also concern that Beijing may miss an opportunity to get an…

India’s offshore energy sector took center stage at the 55th annual Offshore Technology Conference (OTC) 2025, as the country highlighted the availability of rich geoscientific data and a regulatory framework designed to make India an attractive partner for international energy players. The OTC 2025 conference, which united over 30,000 professionals from 107 countries to explore the future of offshore energy, underscored India’s strategic push to become a global leader in offshore exploration and production (E&P). Pallavi Jain Govil, Director General, DGH who led India’s delegation and participated in the marquee ‘Around the World Series’ session, spotlighting the country’s energy reforms…

New Delhi: As tensions escalate between India and Pakistan, public sector oil companies on Monday moved swiftly to reassure citizens of uninterrupted fuel availability and stable operations. With rising speculation over possible disruptions in fuel supply, Indian Oil Corporation Limited (IOCL) and Bharat Petroleum Corporation Limited (BPCL) issued public appeals to avoid panic buying of petrol, diesel, and LPG.IndianOil, India’s largest fuel retailer, said it has sufficient stock of fuel across the country and all its distribution and supply chains are functioning normally.“IndianOil has ample fuel stocks across the country and our supply lines are operating smoothly. There is no…

Midsummer butterflies are on the wing in early May after a sunny spring prompted one of the most advanced seasons for Britain’s Lepidoptera on record.The Lulworth skipper – usually found in June and July – is flying at Lulworth Cove in Dorset, the chequered skipper emerged in April rather than mid-May in Scotland and the first swallowtail, which is most common in mid-June, was spotted in Norfolk on 1 May.“The chequered skipper is a butterfly you can set your calendar by – it typically comes out 13-15 May,” said Tom Prescott, the head of Butterfly Conservation Scotland. “I was absolutely…

BKV Corp. and Copenhagen Infrastructure Partners (CIP) have agreed to form a joint venture (JV) on carbon capture, utilization and storage (CCUS) in the United States. Denver, Colorado-based BKV, a producer of natural gas and power, will contribute its stakes in existing and future CCUS projects to the JV. Meanwhile energy transition-focused Danish investor CIP will invest $500 million in the JV for a stake of 49 percent. “BKV has contributed to the JV its ownership of the Barnett Zero and Eagle Ford projects, and has committed to future contributions of CCUS projects, related assets and/or cash, in exchange for…