Author: omc_admin

Moeve and Galp begin negotiations on a potential combination that would create two major European platforms covering industrial and retail mobility operations in Spain and Portugal Proposed IndustrialCo would target green molecules, low carbon fuels and industrial-scale energy transition projects for hard-to-abate sectors Proposed RetailCo would form a pan-Iberian mobility network of approximately 3,500 service stations, expanding EV charging and convenience offerings Moeve and Galp announced they have entered non binding negotiations to explore a potential downstream combination aimed at creating two new European energy platforms anchored in the Iberian Peninsula. The contemplated transaction would separate industrial and mobility activities…

NEW YORK (AP) — New York City nurses are striking for a third day Wednesday with both sides seemingly digging in for the long haul. Negotiations don’t appear to be on the table at the moment with any of the three major hospital systems affected by the walkout.Picketing nurses also held a rally at a Bronx hospital Wednesday in which their leaders took aim at hospital administrators for mischaracterizing their contract demands. Meanwhile the hospital systems say they’ve committed to keeping on the travel nurses they brought on to fill work gaps at least through next week. Here’s what you…

• Zambia and Zimbabwe will each contribute $220M to shore up the bankability of the $4.2B Batoka Gorge hydropower project• The 2,400 MW plant would provide 1,200 MW to each country, with implications for regional energy security and climate resilience• Revival efforts follow contract disputes, multi-year delays, pandemic disruptions, and severe drought impacts linked to El Niño and climate change Zambia and Zimbabwe are injecting a combined $440M to revive the Batoka Gorge hydropower project after years of stalled negotiations, financing delays, and contract disputes. The contribution is intended to strengthen the project’s bankability and attract private capital for a…

Microsoft and carbon markets platform Rubicon Carbon announced today a new agreement for the  delivery of two million Afforestation, Reforestation, and Revegetation (ARR) carbon removal credits to Microsoft over the next 9 years, sourced from a smallholder farm-focused forestry project in Uganda. The new announcement marks the first deal to be completed under a framework agreement launched in 2025 by the companies, under which Rubicon will facilitate the purchase of 18 million tonnes of high-quality carbon removal credits for Microsoft, with a focus on Afforestation, Reforestation, and Revegetation projects worldwide. The new agreement will support the Smallholder Farmer Forestry Project…

U.S. warehouse construction has stopped declining, but the market is far from a full recovery. What’s RelatedThat’s according to a recent report from Matthieu Kulezak of Interact Analysis, which looks at the state of warehouse development across the U.S. after more than a year of slowing activity. The report says construction levels appear to have bottomed out, following a sharp pullback that began in late 2023, but ongoing cost and financing challenges continue to limit new projects. The report notes that while construction activity is no longer falling, developers remain cautious. High interest rates, elevated building costs, and tighter lending…

ExxonMobil and Shell have decided not to proceed with a planned sale of their joint assets in the southern UK North Sea to Viaro Energy. Despite months of work to complete the transaction, completion conditions have not been met and the deal has been subject of a lengthy review by the UK’s regulator, the North Sea Transition Authority (NSTA). Last year, Viaro Energy signed an agreement to take over Shell and Exxon’s UK Southern North Sea assets, which are one of the largest and longest producing gas asset portfolios in the UKCS, including high-quality, well-maintained production facilities and the Bacton gas receiving…

ExxonMobil and Shell have decided not to proceed with a planned sale of their joint assets in the southern UK North Sea to Viaro Energy. Despite months of work to complete the transaction, completion conditions have not been met and the deal has been subject of a lengthy review by the UK’s regulator, the North Sea Transition Authority (NSTA). Last year, Viaro Energy signed an agreement to take over Shell and Exxon’s UK Southern North Sea assets, which are one of the largest and longest producing gas asset portfolios in the UKCS, including high-quality, well-maintained production facilities and the Bacton gas receiving…

(WO) – bp said it expects to record $4 billion to $5 billion in post-tax impairments in the fourth quarter of 2025, largely tied to its energy transition businesses, according to a trading statement released ahead of its full-year results. The company said the writedowns, which will be excluded from underlying replacement cost profit, are primarily linked to its gas and low carbon energy segment, including impacts within equity-accounted entities. bp expects reported upstream production in the fourth quarter to be broadly flat compared with the prior quarter, with stable oil output offset by lower production in gas and low…

• Joint venture targets 3.1 gigawatts of new offshore wind capacity for the United Kingdom, enough to power roughly three million homes.• Total capital outlay for the two Norfolk Vanguard projects exceeds $15 billion, with first power targeted for 2029 and 2030.• Transaction reinforces investor confidence in the United Kingdom’s offshore wind pipeline after recent auction volatility. German utility RWE and US investor KKR agreed to form a joint venture to co develop and operate the Norfolk Vanguard East and West offshore wind projects, advancing one of the largest newbuild wind packages in the British pipeline. The deal follows RWE’s…

Macro Indicators and Yield Dynamics We have seen Europeans and Asians behave with concern when it comes to the US, and then when New York comes online, it is all forgotten about, because I think most Americans are aware of the fact that most of what you see now is political theater on both sides of the aisle. With that being the case, I would not read too much into this from a longer-term perspective, but it does explain what is going on during the session. We do have 2 announcements during the session: we have PPI and retail sales.…