Author: omc_admin
Iberdrola SA’s global renewable energy capacity grew to 45,082 megawatts (MW) in the first half of 2025 and now accounts for 79 percent of the Spanish utility’s total generation capacity. The first six months of the year saw a four percent growth in new capacity compared to the same period in 2024. Iberdrola’s total capacity reached 57,273 MW after 1,800 MW were installed in the first half of 2025. Production rose 2.3 percent year-on-year to 66,300 gigawatt hours (gWh). “By country, the production increases at Iberdrola Energía Internacional (+15.7 percent) stand out, thanks to the 68 percent growth in offshore wind farms…
Baker Hughes, and Petronas announced that they have entered a memorandum of understanding (MoU) on a strategic partnership to explore business initiatives that have the potential to support the delivery of Asia’s energy expansion and transition. The MoU serves as a foundation for collaboration initiatives between the two companies to enhance local supply chain capabilities and explore the feasibility of implementing a variety of technology solutions including: Enhanced LNG services footprint and cross-border talent training and development programs to strengthen local field operations capabilities Exploration & production, chemicals and mature assets solutions Digital solutions, including AI Sustainable energy…
The federal court has dismissed a landmark case brought by two Torres Strait community leaders that argued the Australian federal government breached its duty of care to protect the Torres Strait Islands from climate change.In delivering the decision, however, Justice Michael Wigney noted: “There could be little if any doubt that the Torres Strait Islands and their inhabitants face a bleak future if urgent action is not taken to address climate change and its impacts.”The class action, filed in 2021, argued the government had a legal duty of care towards Torres Strait Islander peoples and that it had breached this…
Two councils that have been recognised for their work to cut emissions but are now under the control of Reform UK are expected to scrap climate pledges this week.Durham county council’s deputy leader, the former GB News presenter Darren Grimes, has proposed a motion to rescind a 2019 declaration of a climate emergency, in what it is believed would be a UK first.West Northamptonshire council, meanwhile, looks set to become the first Reform-led authority to scrap net zero targets.The energy secretary, Ed Miliband, warned MPs about the climate crisis on Monday, saying he would explicitly call out politicians who rejected…
Elon Musk’s rocket company, SpaceX, is looking to hire engineers for its new AI software engineering team.The company said in a job list published on July 11 that the new team will be “focused on solving complex data problems for our launch vehicles and spacecraft.” SpaceX said the team will also support the company’s satellite internet service, Starlink.The listing said it was considering candidates with majors in computer science, data science, engineering, mathematics, or physics. It said that those without a degree could be considered if they had at least four years of professional experience in building software.”Aerospace experience is…
Orlen Group and Northland Power have completed the installation of the first wind turbine for the Baltic Power project in Polish waters. The company said in a media release that the Vestas units, each with a 15-megawatt capacity, are the largest offshore wind turbines to be installed in Europe. Orlen said that as early as next year, the Baltic Power offshore wind farm will be capable of covering up to 3 percent of Poland’s electricity demand. “We have entered a key stage in the execution of a project that is truly reshaping the Polish energy landscape. Diversifying our power generation sources…
Nvidia said it plans to resume deliveries of its H20 AI chips to China because of assurances from the US government that shipments will be approved.Nvidia, in a blog post dated July 14, said the company “hopes to start deliveries soon” to China, given these assurances.This announcement comes days after Nvidia CEO Jensen Huang met with President Donald Trump and policymakers to talk about the US’s domestic AI infrastructure.Huang is in China now and has had meetings with government officials and industry leaders in Beijing, per Nvidia’s blog post.The announcement from Nvidia indicates a sharp reversal from the Trump administration’s…
India has added just 5 per cent to its refining capacity over the past seven years—a sharp contrast to the 69 per cent expansion originally planned by 2025. A mix of climate-related demand uncertainty, land constraints, and the pandemic has slowed progress, further deepening the country’s dependence on energy imports.India’s refining capacity was projected to rise from 245 million tonnes per annum (mtpa) in 2017-18 to 414 mtpa by 2025 and 439 mtpa by 2030, according to a 2018 report by an official panel of oil ministry officials and industry executives, which based its projection on “firm plans” by refiners.The…
Trump’s plan to impose 30% tariffs on imports from the EU and Mexico starting 1 August raises fears of a global slowdown. These tariffs may hit economic growth and lower fuel consumption. Slower trade and weaker industrial activity typically reduce oil demand, creating downward pressure on prices. Despite these concerns, oil demand remains firm in the short term. OPEC expects strong demand through Q3, supporting prices near current levels. Additionally, Goldman Sachs raised its oil outlook for H2 2025, citing tight inventories and supply constraints. This suggests that while geopolitical and trade tensions may cause short-term swings, structural supply factors…
New Delhi: State-owned GAIL (India) Limited and Vitol Asia Pte Ltd have signed a long-term agreement for the supply of around one million metric tonnes of liquefied natural gas (LNG) annually to India for a period of approximately 10 years, starting from 2026.Under the agreement, Vitol will supply LNG from its global portfolio to GAIL, with deliveries scheduled on a pan-India basis. The deal is part of GAIL’s strategy to expand its LNG portfolio and ensure stable supply to meet the country’s growing energy needs.“This long term LNG supply deal with Vitol by GAIL will augment its large Liquefied Natural…