Author: omc_admin

Silicon Valley is in the midst of a coding renaissance, according to Lovable CEO Anton Osika.While coding was once the domain of computer science whizzes and workers with serious technical chops, the advent of vibe-coding has made space for workers with no engineering expertise to unleash their creativity.”That characteristic — these super creative brains — are our most dedicated users,” he said.Vibe-coding, also known as AI-assisted coding, is the latest obsession among both tech giants and startups. The concept is simple: developers use natural language to instruct AI tools to generate code. Over the past several months, AI coding platforms…

A statement posted on OPEC’s website on Sunday revealed that Saudi Arabia, Russia, Iraq, the United Arab Emirates (UAE), Kuwait, Kazakhstan, Algeria, and Oman “decided to implement a production adjustment of 137,000 barrels per day” in a virtual meeting held on October 5. “The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 5 October 2025, to review global market conditions and outlook,” the statement noted. “In view of a steady global economic outlook and current healthy market fundamentals, as reflected…

A group of major companies* including Nestlé, Mars Wrigley and Ferrero, among several others, have issued a letter urging European lawmakers to avoid further delaying the EU Deforestation Regulation (EUDR), a new law aimed at ensuring that products imported to or exported from EU markets no longer contribute to deforestation and forest degradation globally, warning that pushing the implementation of the law out further would negatively impact forests and climate change, and be unfair to businesses and their supply chain partners who have already made investments to comply with the new regulation. The letter, addressed to EU Commissioner Jessika Roswall,…

QatarEnergy and Shell PLC have signed a definitive agreement for the state-owned company to enter the North Cleopatra exploration block on Egypt’s side of the Mediterranean Sea, operated by the British energy giant. QatarEnergy will own 27 percent. Shell will retain a 36 percent operating stake. The other partners are Chevron Corp with a 27 percent interest and Egypt’s state-owned Tharwa Petroleum Co with 10 percent, according to a QatarEnergy statement on Sunday. North Cleopatra spans 3,400 square kilometers (1,312.75 square miles) with waters up to 2,600 meters (8,530.18 feet) deep, noted the statement on the company’s website. “We look…

Denmark is tightening regulation of oil tankers passing through its waters as Europe targets the shadow fleet that’s helping Russia skirt sanctions. Authorities will in particular target older ships which are often used by the shadow fleet and which present an environmental risk because of their poor condition, the government said in a statement on Sunday. “We must put a stop to Putin’s war machine,” said Business Minister Morten Bodskov in a statement. “We’re using everything at our disposal.” The announcement follows calls last week by French President Emmanuel Macron to detain oil tankers, after prosecutors in northwest France investigated a…

Sahara Group, the India-based energy and infrastructure conglomerate, plans to be producing 350,000 barrels of crude daily in Africa by 2030, local media reported, citing a senior company executive.“This growth will be driven by a major upgrade of our exploration and production services, enhanced execution capacity, and the acquisition of seven brand-new rigs to accelerate and improve production efficiency,” the chief technical officer of Sahara Group’s energy business, Asharami Energy, said at an industry event in Cape Town.In pursuit of its production goal, Sahara Group will buy seven drilling rigs, Leste Aihevba, the CTO of Asharami Energy, also said.The company,…

Olwyn Patterson was scrolling LinkedIn when she spotted the profile of someone she thought would be the perfect person to help promote an upcoming event put on by her company, a platform that connects startups with VCs.She typed up a quick introduction in her usual efficient staccato.”I run a biannual demo day that reaches 4,000 startups a year, one of which I noticed is also in your program. We also have a 15k-plus founder, VC, and angel investor newsletter. There seems to be a natural crossover between our communities. It’d be great to share opportunities with each other.”Moments later, her…

Italy’s Eni has restarted drilling operations offshore Libya after a five-year break prompted by the Covid pandemic.The National Oil Corporation of Libya said that the Italian supermajor had started drilling at Block 16/4 in the northwestern part of the country’s territorial waters and will soon complete work on the exploration well that was started back in 2020.The return of Eni to Libya follows other Big Oil majors, including Shell and BP, which earlier this year signed new deals with the Libyan government for exploration works in oil and gas. Exxon has also signed its readiness to return to Libya.In July,…

Queensland authorities are investigating the deaths of thousands of fish that washed up on a popular Gold Coast beach.The state environment department said dead baitfish had been observed at The Spit, at the northern end of the Gold Coast since last Wednesday, but no obvious source of pollution had been found.A spokesperson said water quality monitoring “indicated high water temperature and low dissolved oxygen in the area”, which can cause fish deaths.Concerned locals posted videos showing dead fish along the shores of the popular spot over the weekend and expressed frustration that warning signs did not appear to be in…

QatarEnergy struck a deal with Shell to buy a 27% interest in the North Cleopatra offshore oil and gas block in Egypt, with Shell retaining 36% in the block. The deal is pending the approval of the Egyptian government.The Qatari state energy major has been expanding in Egypt alongside Western oil majors, including Shell and Chevron, as the North African country seeks to boost its oil and gas production as fast as possible.Last year, QatarEnergy bought a 40% interest in two Exxon-led blocks offshore Egypt and a 23% stake in a Chevron-operated offshore block that also involved Australia’s Woodside as…