Author: Rigs & Barge World

New Research by VelocityEHS Focuses on AI Innovation in EHS, ESG

VelocityEHS® has announced the publication of three scientific papers on artificial intelligence (AI) and machine learning (ML) in workplace safety and sustainability. These papers, published in the journals Ergonomics; International Journal of Data Warehousing and Mining; and Heliyon, showcase VelocityEHS’ innovative in ergonomics risk assessment, ESG data management, and Chemical Safety. Advancements in Ergonomics Risk Assessment The first paper, NLP-based Ergonomics MSD Risk Root Cause Analysis and Risk Controls Recommendation, published in Ergonomics and authored by Pulkit Parikh, PhD., Julia Penfield, PhD., Richard Barker, CPE, CSP, Blake McGowan, CPE, and James Richard Mallon, CPE, presents an AI-powered framework that utilizes…

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How to Leverage Technology for Accurate Environmental Reporting to Drive Sustainability in 2025

In 2024, the U.S. saw an increase in expectations for Environmental, Social and Governance (ESG) reporting. Regulatory frameworks continue to evolve and change as well as investor expectations, and organizations are focusing on transparency when it comes to ESG disclosures. The Securities and Exchange Commission (SEC) has proposed rules requiring companies to disclose climate-related risks and metrics, including greenhouse gas emissions, climate-related financial risks and transition plans. These new rules will have a significant impact on ESG reporting in the U.S. as companies incur additional costs from implementing new technologies and restructuring reporting processes, while also facing greater investor scrutiny…

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Public Service Company of New Mexico Declares Preferred Dividend

ALBUQUERQUE, N.M., March 6, 2025 /PRNewswire/ — The Board of Directors of Public Service Company of New Mexico, a subsidiary of TXNM Energy (NYSE: TXNM), declared the regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock. The preferred stock dividend is payable April 15, 2025, to shareholders of record at the close of business March 31, 2025.Background:TXNM Energy (NYSE: TXNM), an energy holding company based in Albuquerque, New Mexico, delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. For more information, visit the…

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WTI Nears $70 as Supplies Tighten

Oil advanced after a US government report reinforced expectations of tighter near-term supplies, injecting some bullishness about the market’s fundamentals. West Texas Intermediate futures rose 0.9% to approach $70 a barrel and notch the highest closing price this month. US inventories fell by 3.34 million barrels last week and now sit at the lowest levels in about a month, US government data showed. Gasoline inventories also dropped. The gain underscores a sharp reversal in sentiment in a market that had taken a bearish lurch to start the month. Traders have been snapping up bullish oil options as US President Donald…

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PNM and parties file Unopposed Stipulation in 2028 Resource Application

ALBUQUERQUE, N.M., March 13, 2025 /PRNewswire/ — PNM, a wholly-owned subsidiary of TXNM Energy (NYSE: TXNM), and intervening parties in its 2028 Resource Application filed an unopposed comprehensive stipulation with the New Mexico Public Regulation Commission (NMPRC).The stipulation supports approval of PNM’s proposed resource portfolio adding 450 megawatts (MW) of new solar and battery storage capacity in 2028 to serve customers and continue progress towards the zero-carbon requirements of New Mexico’s Energy Transition Act, including:extension of a Valencia Purchase Power Agreement (PPA) for 167 MW through 2039 (current agreement expires in 2028),addition of 300 MW capacity through Energy Storage Agreements (ESAs) for two,…

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