Author: omc_admin

Garanti BBVA makes sustainability loans fully available via mobile and online platforms, cutting time and operational costs. Borrowers must document green and social project spending, ensuring funds are directed toward verifiable sustainability outcomes. The bank has raised its sustainable-finance target to 3.5 trillion lira ($104 billion) for 2018–2029, after already meeting its 2025 goal four years early. Türkiye’s largest private lender accelerates green finance Garanti BBVA, the Turkish arm of Spain’s BBVA, has digitized its sustainability loan offering, making it accessible through mobile and internet banking platforms. Previously limited to branch applications, the loans are now available to both corporate…

India’s biggest state-owned oil companies seek long-term supply of liquefied petroleum gas (LPG) from the United States for the first time, according to tender documents Bloomberg has reviewed. Indian Oil Corporation, Bharat Petroleum Corporation Limited (BPRL), and Hindustan Petroleum Corporation Limited (HPCL) are seeking long-term deals with the U.S. for the first time, as global flows of the cooking fuel have been upended in recent months with the Trump Administration’s trade policies. India has long-term deals to procure LPG from Saudi Arabia. Now it seeks U.S. LPG supply, after signaling it would seek to buy more of America’s energy products to appease…

Serica Energy plc said it signed a sale and purchase agreement to acquire all of the issued share capital of Prax Upstream Limited from Prax Exploration & Production Plc. Prax Upstream owns and is the operator of the Lancaster field west of the Shetland Islands in the United Kingdom’s (UK) North Sea, Serica said in a news release. Prax Upstream is also party to separate executed sale and purchase agreements (SPAs) with TotalEnergies SE and ONE-Dyas for the purchase of certain assets, according to the release. The acquisition, including completion of the existing SPAs, consists of a 40 percent operated interest…

A Repsol SA consortium began producing oil in the Leon-Castille development offshore Louisiana, which represents the first refurbishment of a production facility in the Gulf of America, the Spanish company said. The two-field project’s Salamanca floating production unit (FPU), which sits in a water depth of about 6,400 feet in the Keathley Canyon 689 area, has now been started up. The FPU is designed with an initial capacity of 60,000 barrels per day (bpd) of crude and 40 million cubic feet a day of natural gas, according to the owners. Repsol has a declared ownership of 50 percent in Leon,…

Stride dismisses suggestions Badenoch will be replaced next year, though he admits it might get ‘bumpy’In his FT interview Mel Stride, the shadow chancellor, also dismissed speculation that Kemi Badenoch will be replaced as Tory leader within the next year. Many of her colleagues think she will face a successful leadership challenge, most probably after poor results in the Senedd, Scottish parliament and English local elections next May.Stride said that he thought Badenoch was similar to Margaret Thatcher, who was widely criticised when she became opposition leader in 1975 but who over time developed into an effective leader. He said:…

The future reality of your social feed could be a lot less real.Can I interest you in a video of Sam Altman stealing GPUs? Or a sasquatch terrorizing two of your favorite BI reporters?No? Too bad. AI slop is here whether we like it or not.BI’s Katie Notopoulos, who understands internet culture better than anyone I know, breaks down the rise of short-form, AI-generated videos invading our feeds.If you’re wondering what exactly AI slop is, think of it as weird, nonsensical content that’s quickly generated with artificial intelligence. The concept has been around for a bit — Remember “Shrimp Jesus”?…

Press Release   Brussels, 3 Octobre, 2025   The European Hydrogen Week concluded today as stakeholders called for an updated Hydrogen Strategy responding to current realities and emphasising the refocus on resilience. Over 1200 people attended this new, agile conference-only EU Hydrogen Week to focus on key trends and discussions on how to navigate the next few years in European decarbonisation. From high level policy conferences to the B2B and Innovation forums, lawmakers, entrepreneurs, and representatives across the hydrogen value chain presented solutions to common challenges: slow implementation, high costs, cumbersome regulations. To address these issues, a renewed Hydrogen Strategy to deliver…

Crude oil futures posted a sharp weekly decline, pressured by a renewed wave of supply-side concerns and deteriorating demand outlooks. After reaching a seven-week high early in the week, WTI crude retreated aggressively, driven by speculation of an OPEC+ production hike, the return of Kurdish exports, and signs of softening global consumption. By Thursday, prices had notched a four-day losing streak, and sentiment turned decisively bearish.OPEC+ Output Speculation Reignites Oversupply FearsThe central driver behind this week’s sell-off was the resurgence of supply concerns, primarily linked to OPEC+ output plans. Market chatter early in the week suggested the producer group was…

Following an explosion of a yet-to-be-determined nature, a large fire broke out on Thursday night at Chevron’s El Segundo refinery in the Los Angeles area. The fire, which was first seen at around 9:30 p.m. on Thursday, was later contained, the police in El Segundo said, adding there wasn’t a call for residents to evacuate. Authorities have not received any reports of injuries of fatalities, El Segundo Mayor Chris Pimentel told local news station KCAL News. Chevron’s 280,000-barrels-per-day refinery in El Segundo has its own fire department, which responded first to the incident. “We were able to respond with Chevron fire immediately, our station…

India is slipping into the cracks left by a fracturing US-China trade relationship. India is seeking to secure its first long-term supplies of liquefied petroleum gas from the US, as Washington’s trade war disrupts flows of the cooking fuel and plastics precursor.State-owned oil companies are looking to buy as many as three very-large gas carriers of the fuel a month over 2026 sourced from the US, according to a tender document seen by Bloomberg. The three national giants are responsible for procuring the LPG used in the stoves of more than 331 million domestic consumers, over 60 per cent of…