Author: omc_admin

The Philippines is looking at exporting renewable energy to Taiwan and other countries, Energy Secretary Raphael Lotilla said, a lofty strategy that would take advantage of surplus capacity. There are ongoing discussions between officials in Manila and Taipei, he said. “It’s not only Taiwan that has approached us but other countries in anticipation of excess capacity in renewable energy,” Lotilla told a media briefing on Thursday. Still, the strategy is among the most ambitious efforts to export clean energy in Asia. The region has struggled and largely failed to create cross-border transmission networks despite decades of proposals due to political…

Eni SpA has put onstream the Merakes East field in the offshore part of the Kutei Basin in Indonesia, expecting net natural gas production of 100 million standard cubic feet a day (MMscfd) or about 18,000 barrels of oil equivalent per day (boed). The tieback project is in the East Sepinggan block, operated by the Italian state-controlled energy major with an 85 percent stake. Indonesia’s state-owned PT Pertamina owns 15 percent. Merakes East has a water depth of 1,600 meters (5,249.34 feet). It sits about 10 kilometers (6.21 miles) from the Merakes field, which Eni put online 2021. Merakes East…

New Jersey Transit train engineers went on strike Friday, leaving an estimated 350,000 commuters in New Jersey and New York City to seek other means to reach their destinations or consider staying home.Groups of picketers gathered in front of transit headquarters in Newark and at the Hoboken Terminal, carrying signs that said “Locomotive Engineers on Strike” and “NJ Transit: Millions for Penthouse Views Nothing for Train Crews.” Passing drivers honked their horns.The walkout comes after the latest round of negotiations on Thursday didn’t produce an agreement. It is the state’s first transit strike in more than 40 years and comes…

Microsoft CEO Satya Nadella said the Chinese AI startup DeepSeek’s R1 model was the first AI model he had seen that was as competitive as OpenAI’s.”OpenAI has been so far ahead that no one’s really come close,” Nadella said in an interview with Bloomberg Businessweek published Thursday.”DeepSeek, and R1 in particular, was the first model I’ve seen post some points,” Nadella added. In January, DeepSeek spooked investors after its free chatbot app hit the top spot on Apple’s US App Store’s ranking. DeepSeek’s high-performing but relatively cheaper models sparked a sell-off in AI-related stocks as investors questioned if it would…

(Oil & Gas 360) – Calgary, Alberta (May 14, 2025) – Strathcona Resources Ltd. (“Strathcona” or the “Company”) (TSX: SCR) is pleased to announce that it has entered into definitive agreements to sell substantially all of its Montney assets for approximately $2.84 billion, pursuant to three separate transactions: The sale of its Kakwa asset (the “Kakwa Sale”) to ARC Resources Ltd. for approximately $1,695 million in total value ($1,650 million in cash and approximately $45 million in assumed lease obligations) The sale of its Grande Prairie asset (the “Grande Prairie Sale”) for approximately $850 million in total value ($750 million in cash…

New Delhi: The US nearly doubled its crude oil supply to India in April compared to year earlier, overtaking the UAE to become India’s fourth-largest supplier. India’s imports of US crude grew to 0.33 million barrels per day (mbd) in April, up from 0.17 mbd in the same month last year and 0.24 mbd in March, according to energy cargo tracker Vortexa. This gave the US a 7.3% share in India’s crude imports in April-ahead of the UAE’s 6.4%, but behind Saudi Arabia’s 10.4%, Iraq’s 19.1% and Russia’s 37.8%. Compared to March, the shares of Russian and Iraqi imports improved…

New Delhi: LPG sales by public sector oil marketing companies grew 5.1 per cent year-on-year to nearly 31.2 million metric tonnes (MMT) in FY 2024-25, with 43.6 lakh new domestic customers added during the period, according to the LPG Profile Report released by the Petroleum Planning and Analysis Cell (PPAC).As on April 1, 2025, the total number of active domestic LPG customers served by Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) stood at 32.97 crore. These customers were served by a network of 25,542 LPG distributors.The report noted that 85 new…

Libya’s latest upstream licensing round has already attracted more than 40 applicants, a signal of the country’s re-entry into the global energy arena and growing interest in its largely untapped hydrocarbon potential. This update was shared by Abdolkabir Alfakhry, Advisor to Libya’s Minister of Oil and Gas, during a session sponsored by ConocoPhillips at the Invest in African Energy Forum in Paris on Wednesday. “More than 40 companies have already applied to the bid round,” said Alfakhry, noting that results are expected around November. “This will open a new environment for international companies to work in Libya.” Framing…

Elon Musk’s xAI said on Thursday night that its Grok response bot kept talking about “white genocide” in South Africa under unrelated posts because of an “unauthorized modification” on the backend.”On May 14 at approximately 3:15 AM PST, an unauthorized modification was made to the Grok response bot’s prompt on X,” xAI wrote on X on Thursday.”This change, which directed Grok to provide a specific response on a political topic, violated xAI’s internal policies and core values. We have conducted a thorough investigation and are implementing measures to enhance Grok’s transparency and reliability,” xAI added. xAI said it would be…

KALAAT M’GOUNA, Morocco (AP) — Gloved and armed with shears, women weave through thorny brambles, clipping and tossing their harvest into wheelbarrows.“Thank God for the rain,” said rose picker Fatima El Alami. “There are roses elsewhere, but there’s nowhere like here.”She’s right. Mild temperatures, steady sunlight, and low humidity make the fields around Kalaat M’Gouna a perfect cradle for growing its signature flower: the Damask rose. Abundant precipitation and several desert downpours this year have bestowed Morocco with an exceptional yield of the flower, used for rosewater and rose oil.Pink and pungent, the roses are set to come in at…