Author: omc_admin

Golar LNG has reached final investment decision (FID) for the 20-year re-deployment charter of the FLNG Hilli Episeyo (FLNG Hilli), first announced on July 5, 2024. The vessel will be chartered to Southern Energy S.A. (SESA), offshore Argentina, to monetize gas from the Vaca Muerta shale formation. Vaca Muerta is the world’s second largest shale resource. In addition, Golar and SESA have signed definitive agreements for a 20-year charter for the MKII FLNG, currently under conversion at CIMC Raffles shipyard in Yantai, China. The MKII FLNG charter remains subject to FID and the same regulatory approvals as granted…

(Bloomberg) – The Trump administration sued Michigan and Hawaii seeking to block the states from suing oil companies for damage caused by climate change, less than two months after the U.S. Supreme Court rebuffed a Republican bid to derail such legal efforts. The U.S. claims the anticipated lawsuits interfere with federal policy on greenhouse gas regulation and are an “extraordinary extraterritorial reach” that goes beyond the states’ authority. “The United States is facing an energy crisis,” Justice Department lawyers said in the complaints. “Overly restrictive policies and regulation have caused inadequate development of America’s abundant energy resources.” The…

2025-05-04T17:25:42Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Trump said he’d offer TikTok another extension if it can’t find a buyer by June. A law requires TikTok to divest from ByteDance, its Chinese owner, or face a ban in the US. Trump told NBC’s “Meet the Press” on Sunday that he had a “warm spot” for TikTok. President Donald Trump…

Five of Australia’s biggest fossil fuel producers could be on the hook for hundreds of billions of dollars in damages after a US research team developed a method to link individual companies to specific climate harms and put a dollar figure to the impact.This is the result of a new peer-review study published in the journal Nature that sought to establish a method that would allow courts to quantify the economic loss caused by fossil fuel producers for one kind of climate impact – extreme heat.Looking at the period 1991 to 2020, the researchers, Christopher Callahan at Stanford University in…

National Ocean Industries Association (NOIA) President Erik Milito issued a statement on Friday in support of the House Natural Resources Committee reconciliation package:  “Chairman Westerman’s bill is a game-changer for offshore energy, delivering regulatory certainty, responsive royalty rates, and a robust schedule of 30 Gulf of America lease sales over 15 years,” Milito said. “By streamlining permitting, protecting key lease sales, and fostering operational efficiency, this legislation strengthens America’s energy security, supports high-paying jobs, and ensures our nation remains a global energy leader. NOIA proudly supports this forward-thinking approach.”Regular, mandated lease sales in the Gulf of America are…

YPF, the largest non-U.S. shale oil operator, and Globant, a digitally native company focused on reinventing businesses through digital technology, have signed a Memorandum of Understanding (MoU) that marks a significant milestone in the transformation of YPF’s supply chain operations. “This alliance supports the work we are doing at YPF to become increasingly efficient,” said Horacio Marín, President and CEO of YPF. “We compete with the world’s leading players, and our suppliers play a key role in our competitiveness. We trust that Globant’s expertise will help us implement new tools to better manage YPF’s entire value chain.”  “Collaborating with…

Elon Musk can now add “city founder” to his résumé after residents surrounding his SpaceX complex in South Texas voted this weekend to incorporate the area as “Starbase.”The near-unanimous decision — 212 votes in favor to just 6 against, according to county election data — formalizes SpaceX’s dominance in the remote coastal area it has rapidly reshaped over the past seven years.SpaceX employees and their families make up virtually all the residents within the roughly 1.5-square-mile zone, which was previously known as Boca Chica. The city’s first elected officials — all current or former SpaceX staff who ran unopposed —…

BEIJING (AP) — Two boats carrying roughly 70 people capsized in the Wu river in China’s southwestern Guizhou province Sunday afternoon, leaving about 20 people missing. As of Sunday evening, rescuers had gotten 50 people out of the water, according to the official Xinhua news agency. Rescuers were still looking for others late Sunday in Guizhou’s Qianxi area. The boats capsized after a sudden rain and hail storm and strong winds hit the Wu, a tributary of the Yangtze, one of the two longest rivers in China. In one video, shared by state media a man could be seen performing…

Guacamole has been spared from tariffs for now. But salsa may not be so lucky.While President Donald Trump put threatened tariffs on Mexican avocados on pause, the U.S. government plans to put a nearly 21% duty on fresh Mexican tomatoes starting July 14. A duty — like a tariff — is a tax on imports, and this one would impact the 4 billion pounds of tomatoes the U.S. imports from Mexico each year.Proponents say the import tax will help rebuild the shrinking U.S. tomato industry and ensure the produce eaten in the U.S. is also grown there. Mexico currently supplies…

This week in ESG news: IFRS eases climate reporting requirements for financial firms; MSCI study finds companies continuing to raise net zero ambitions; EU’s ESMA to regulate ESG ratings providers; new decarbonization-focused sustainable building standard by USGBC; BoE raises climate risk management expectations for banks; RBC scraps sustainable finance target due to new greenwashing rules; ESG funds suffer outflows in Q1; Microsoft sources more renewable energy in U.S.; Kering launches sustainable water strategy; UK’s FCA pushes off sustainable disclosure rules for portfolio managers; new solutions launched to assess double materiality, buy and manage carbon credits; capital raises for circular economy…