Author: omc_admin

EnerMech has secured a significant contract from LLOG Exploration Co. for pre-commissioning services at the Salamanca Platform in the Gulf of America/Gulf of Mexico.  This contract includes hydrotesting and nitrogen dewatering of three 8” infield flowlines, one 16” oil export pipeline and one 10” gas export pipeline.  The award follows a previous contract in for topside pre-commissioning services which EnerMech secured in 2024. The Salamanca Floating Production Unit (FPU) will operate at a depth of approximately 6,400 feet of water with production from the Leon and Castille fields. With an initial production capacity of 60,000 bopd and 40…

Blair’s climate crisis views ‘absolutely aligned’ with government policy, Starmer saysSammy Wilson (DUP) says Starmer’s net zero policy “is not only bad, it is mad”. Even Tony Blair says so, he says.Starmer says Blair said there should be more carbon capture. The government agrees. He called for more use of AI. That is happening too, he says. And Blair said domestic targets were needed too, he says. What Tony Blair said is we should have more carbon capture, we’ve invested in carbon capture. That’s many jobs across different parts of the country. He said that AI [artificial intelligence] should be…

The United States and Ukraine are set to finalize a landmark critical minerals agreement as early as Thursday, in a move that could reshape the geopolitical landscape of critical raw materials, but questions remain as to exactly how each party will benefit, and what Russia’s response will be. Early on Wednesday, an Ukrainian government source told Reuters that Ukraine was ready to sign a mineral resources deal with the U.S., and that Ukrainian First Deputy Prime Minister Yulia Svyrydenko was en route to Washington for that express purpose.Later on Wednesday, The Associated Press cited senior Ukrainian officials as confirming these reports,…

(Bloomberg) — China’s purchases of U.S. liquefied natural gas plunged to zero in March after a sharp decline in the previous two months, as the trade war between the two biggest economies alters shipping routes. Overall delivery of U.S. LNG shipments in the first quarter of 2025 fell by 70%, according to Chinese official custom data released on Sunday. The hiatus is the longest since the last trade war triggered during U.S. President Trump’s first tenure, when China didn’t receive cargoes for about 400 days. The geopolitical conflict is once again decoupling the world’s largest LNG buyer and seller. An…

(Bloomberg) – Chevron Corp. was ordered to return nearly 1 million barrels of Venezuelan oil to Petroleos de Venezuela SA in a blow to the oil major, which was working to secure crude before wrapping up operations in the country when a U.S. sanctions deadline hits in May. Venezuela’s state producer Petroleos de Venezuela, known as PDVSA ordered Chevron to return the ships Carina Voyager and Dubai Attraction, currently off the country’s coast, to port and discharge their load, according to people with knowledge of the situation. “Chevron has returned crude oil shipments to PDVSA given the impossibility…

Spanish energy major Repsol is committed to keeping its previously announced shareholder remuneration policy for this year despite the volatile market, trade tensions, and OPEC+ plans to raise production.Repsol reported on Wednesday an adjusted income of $740 million (651 million euros) for the first quarter, a plunge of 48.6% compared to the same quarter of 2024. Still, the figure was slightly higher than the company-provided analyst consensus estimate of $730 million (642 million euros).These numbers were in line with the annual guidance, Repsol said, noting they were achieved “in a global context marked by uncertainty and geopolitical and commercial tensions,…

A One Nation candidate who could hand the Nationals the seat of Hunter, thanks to a handshake preference deal, has called public health officials “little Hitlers” and promoted a conspiracy theory alleging the government has used the climate crisis to control every aspect of people’s lives.Stuart Bonds told a livestreamed forum with rightwing activists last week that the federal government should not do anything to address climate change. He also claimed “a crime” was committed against Australians during the Covid pandemic, alleging they were used “as an experiment to sell pharmaceutical projects”.The comments were made after the Coalition and One…

Chemical recycling startup DePoly has raised $23 million with proceeds to be used to support the scaling of its technology to tackle hard-to-recycle plastics. Founded in 2020 by co-founders CEO Samantha Anderson, CTO Bardiya Valizadeh, and CSO Christopher Ireland, DePoly offers a solution to break down plastic and textile waste for use as building blocks for new, high-quality PET and polyester. The company’s chemical recycling process converts post-consumer and post-industrial plastic waste streams into their main raw components, helping to solve challenges that can prevent plastic from being recycled, such as the high cost and difficulty involved in sorting, separating,…

The White House on Tuesday accused Amazon of committing a “hostile and political act” by planning to list extra tariff costs on its website. Amazon has disputed the allegation, saying it is not planning to display any added trade charges. At a news conference marking President Donald Trump’s first 100 days in office, White House Press Secretary Karoline Leavitt lashed out at Amazon over news reports that suggested the company was considering displaying the added cost of tariff duties on its online platform. “Why didn’t Amazon do this when the Biden administration hiked inflation to the highest level in 40…

By Julianne Geiger – Apr 30, 2025, 9:38 AM CDT Crude oil inventories in the United States saw a decrease of 2.7 million barrels during the week ending April 25, according to new data from the U.S. Energy Information Administration released on Wednesday.Crude oil prices were trading down prior to the crude data release by the U.S. Energy Information Administration. On Tuesday, the American Petroleum Institute (API) reported a sizeable build in US crude oil inventories of 3.76 million barrels in U.S. crude oil inventories with draws in gasoline and distillate stocks.At 10:29 am in New York, the Brent benchmark…