Author: omc_admin
A modular battery microgrid powers Redwood Materials’ Nevada campus.Redwood Materials General Motors, which has poured billions of dollars into producing electric vehicle batteries at U.S. plants, is partnering with Redwood Materials to use some of its cells for stationary energy storage systems for the power grid as well as AI data centers. The Detroit-based automaker, which already supplies battery scrap materials to Redwood for recycling, plans to supply both new and used U.S.-made battery cells that Redwood will package as large stationary packs, the companies said. The move comes after Reno-based Redwood, founded by Tesla cofounder and current board member…
India’s romance with cheap Russian oil is cooling—just a touch.Russian crude imports into India crept up 1% in the first half of 2025, totaling about 1.75 million barrels per day. That’s hardly a surge, considering the price allure that first pulled India deeper into Moscow’s oil orbit after the 2022 Ukraine invasion. And while Russia still holds the top supplier spot—accounting for 35% of India’s crude inflows—the real story isn’t the volumes. It’s the shrinking advantage.The discount on Urals crude has narrowed to just $1.70–$2 per barrel below Brent, the slimmest since the war began. A year ago, Indian refiners…
(World Oil) – (Bloomberg) – The U.S. may depart the International Energy Agency without changes to forecasting that Republicans have criticized as unrealistically green, President Donald Trump’s energy chief said. “We will do one of two things: we will reform the way the IEA operates or we will withdraw,” Energy Secretary Chris Wright said during an interview Tuesday. “My strong preference is to reform it.” The Paris-based IEA, established in response to the 1970s oil crisis to enhance energy security, stirred controversy in recent years as long-term forecasts began to factor in more active government policies to shift away from…
Moeve (formerly Cepsa) and Zaffra, a joint venture between Sasol and Topsoe, announce the signing of a Memorandum of Understanding (MoU) that will see the Spanish energy firm and the Amsterdam based e-SAF developer take a step forward to advance European aviation fuel decarbonization. The collaboration combines the credentials of Moeve, a leading Spanish supplier of jet fuel including sustainable aviation fuels, with Zaffra’s technology and asset development expertise. Under the agreement, the partners will jointly assess the feasibility of developing e-SAF facilities in Southern Spain, where Moeve is developing one of Europe’s most ambitious green hydrogen projects, the Andalusian…
EnQuest PLC has been awarded a Production Sharing Agreement (PSA) for Block C in Brunei by the Petroleum Authority of Brunei Darussalam (PABD). EnQuest will initially be the sole operator of the PSA with the intention to subsequently, subject to contract, form a 50/50 joint venture company with Brunei Energy Exploration Sdn Bhd (BEE). Once established, the JVC will assume the role of operator for Block C and focus on finalizing the Merpati Field Development Plan with a view to achieving a final investment decision within the next two years. It is expected that the capital project will…
Seatrium Limited has announced the impending delivery of the PETROBRAS 78 (P-78) – the first of a series of turnkey Floating Production Storage and Offloading vessels (FPSO), to Brazil’s Petrobras. FPSO P-78 sailing to Buzios field in Brazil. (Photo Credit: Seatrium) The sailaway ceremony took place two weeks ago at Seatrium’s Singapore yard, marking a significant and timely milestone. Upon delivery, the P-78 will be deployed in Brazil’s prolific Buzios field, the largest deepwater oil field globally, with an impressive production capacity of 180,000 barrels of oil per day (bopd), 7.2 million cubic metres (mcbm) of gas per…
State-controlled natural gas firm GAIL (India) Ltd has started discussions about buying liquefied natural gas from the proposed $44-billion Alaska LNG project, industry sources familiar with the talks told Reuters on Wednesday.The potential deal to purchase LNG from the project is part of India’s push to buy and pledge to buy increased volumes of U.S. energy products and thus reduce its trade surplus with America and avoid steep tariffs.The cost of supply from Alaska LNG will be the crucial factor in GAIL’s decision whether to commit to a long-term offtake deal, according to Reuters’ sources.Energy companies are ready to commit…
WASHINGTON— The U.S. Department of Energy (DOE) today announced the start of a new pilot program to accelerate the development of advanced nuclear reactors and strengthen domestic supply chains for nuclear fuel. The Department issued a Request for Application (RFA) and is seeking qualified U.S. companies to build and operate nuclear fuel production lines using the DOE authorization process. This initiative will help end America’s reliance on foreign sources of enriched uranium and critical materials, while opening the door for private sector investment in America’s nuclear renaissance.Today’s action directly supports President Trump’s executive orders to reform nuclear reactor testing at…
Scale AI just laid off approximately 200 full-time employees (14% of its 1,400-person workforce) and 500 contractors, according to the company.This comes after Meta invested $14 billion into Scale AI last month as part of a blockbuster AI deal that included the hiring of Scale’s ex-CEO, Alexandr Wang, to lead its new Superintelligence group and the purchase of equity in almost half the data labeling startup.The company is ‘restructuring’ its GenAI group, according to an email from Scale’s interim CEO, Jason Droege, obtained by Business Insider. The GenAI organization is a core part of Scale that manages its work on some of…
Serial entrepreneur Uri Levine helped build two navigation companies that achieved roughly billion-dollar exits.But he predicts kids born today, known as Generation Beta, won’t end up behind the wheel.”They will not drive,” the Waze cofounder told Business Insider. “A generation after that, if you will tell them that you used to drive cars yourself, they will not believe you.”Levine’s comments come in the wake of Tesla launching its robotaxi service in Austin to a small group of users. Elon Musk has said that the vehicles will be in “many other cities” in the country by the end of 2025 and…