Author: omc_admin
Crude flows from the expanded Trans Mountain pipeline have materially shifted since the relations between the United States and Canada soured under U.S. President Donald Trump.China has now become the biggest buyer of Canadian crude shipped via the Trans Mountain Expansion pipeline to Canada’s West Coast, according to data from Kpler cited by Reuters. Last year, the Trans Mountain pipeline finally completed its expansion – after years of delays – and tripled the capacity of the original pipeline to 890,000 barrels per day (bpd) from 300,000 bpd to carry crude from Alberta’s oil sands to British Columbia’s coast. The expanded pipeline provides increased transportation…
Schneider Electric unveils agentic AI ecosystem to automate and optimize sustainability and energy strategies across enterprises. Julien Picaud appointed Head of Product Management to lead AI-driven innovation and product development. Next-gen platform integrates EcoAct capabilities including emissions tracking, scenario modeling, and compliance reporting. Schneider Electric is launching a multi-year initiative to build a category-defining agentic AI ecosystem, signaling a bold step in the digital evolution of energy and sustainability management. The initiative is designed to reshape how organizations approach decarbonization and efficiency through collaborative intelligence—AI agents that act as digital teammates rather than passive tools. “Our vision is collaborative intelligence—agentic…
Masdar’s $1B green bond was oversubscribed 6.6x, reflecting robust investor confidence and delivering the tightest spreads in its issuance history. Proceeds will finance new greenfield renewable energy projects, supporting Masdar’s global capacity targets, especially in emerging markets. Cumulative green bond proceeds now total $2.75B, reinforcing Masdar’s leadership in scaling sustainable finance at industrial levels. Abu Dhabi Future Energy Company PJSC – Masdar has raised $1 billion through its third green bond, bringing total funds secured under its green bond program to $2.75 billion since 2023. Issued in two tranches of $500 million each, with 5- and 10-year tenors at 4.875%…
Liberty Energy Inc., the oil services company founded by US Energy Secretary Chris Wright, is gearing up for a slowdown in shale drilling in the second half of the year. Chief Executive Officer Ron Gusek, who took the helm at Liberty when Wright was confirmed to President Donald Trump’s cabinet earlier this year, gave his latest view Thursday at the Super DUG Conference & Expo in Texas. “I’m certainly not in the camp of a 100-rig-count reduction,” Gusek told attendees at the conference. “Maybe it’s in the 30 to 40 range. That ultimately translates into for us to a reduction…
The United States is looking to close all loopholes Iran is using to sell its oil to China and warned Hong Kong-based banks last month against facilitating Iranian oil sales to Chinese buyers, Bloomberg reported on Friday, citing unnamed sources with knowledge of the development. In early April, a delegation from the U.S. Department of the Treasury visited Hong Kong, met with bankers in the city, and warned them against allowing Iran to use their services to facilitate payments in the Iran-China oil trade. The U.S. Treasury officials asked the banks to do thorough due diligence to uncover the ultimate owners of…
California Governor Gavin Newsom released a revised proposal for the 2025-2026 state budget, containing plans to extend the state’s “Cap-and-Invest” program, requiring major emitters to purchase allowances for carbon emissions above a declining cap, through 2045. According to the budget proposal, the Cap-and-Invest program, which was set to expire in 2030, is anticipated to generate $60 billion over the duration of the extension. The proposed extension of the carbon pricing program comes despite growing pressure by the Trump administration and Republican state politicians targeting state initiatives charging companies for their greenhouse gas emissions. In April, President Trump signed an executive…
Fast-fashion giant Shein is leasing a massive warehouse near Ho Chi Minh City, Vietnam, according to a Reuters report citing sources familiar with the deal. The move is to avoid rising U.S. tariffs on Chinese imports. What’s RelatedThis will be Shein’s first warehouse in Vietnam. The facility, which covers about 15 hectares—or roughly the size of 26 football fields—will serve as a storage and distribution hub for clothing before it’s shipped out. Shein has also been looking to lease more space in southern Vietnam. The warehouse deal comes just weeks after the U.S. ended a key trade exemption for Chinese…
Trucking safety took center stage this week as the American Trucking Associations (ATA) recognized several companies, drivers, and industry leaders for their strong commitment to keeping roads and workplaces safe. What’s Related“For trucking, safety isn’t just a box to check — it’s at the heart of what we do,” said ATA President and CEO Chris Spear. “These professionals lead by example, showing what real dedication and attention to detail looks like day in and day out.” The awards were distributed during ATA’s 2025 Safety, Security & Human Resources National Conference in Louisville. Winners included individual and company honors, covering everything…
Raipur: The Chhattisgarh govt issued a circular to all district collectors regarding the allocation of land for Bio-CNG plants to be established in urban local bodies for processing bio-waste and agricultural waste.The circular, issued by the Urban Administration and Development Department from the ministry, references the decision taken in the state Cabinet meeting held on April 17. In compliance with the Cabinet’s decision, govt land is to be allocated at concessional lease rates for Bio-CNG plants being set up in all urban local bodies of the state for the processing of bio-waste-cum-agricultural waste. The Urban Administration Department and the concerned…
New Delhi: Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, on Friday highlighted the transformative impact of Piped Natural Gas (PNG) in India, noting that it is now powering over 1.47 crore households, around 45,000 commercial establishments, and more than 20,000 industries across the country.In a post shared on social media platform X, Puri stated: “Over the last decade, commercial PNG connections have grown by 164 per cent and industrial connections by an unprecedented 308 per cent.”He emphasised that PNG is both environmentally friendly and cost-effective.”It helps industries lower their fuel costs, thereby reducing production expenses and boosting…