Author: omc_admin

Worldwide shipments of artificial intelligence personal computers, known as AI PCs, are expected to total 114 million units this year, and are projected to represent 43% of all PC shipments in 2025.By next year, they’re anticipated to be the only available PC that is sold to large companies, according to the research firm Gartner.The growing popularity of these devices — which have built-in AI hardware and software that help to speed up data processing — presents a new challenge for companies and their IT departments: Guarding their sensitive data troves against cyber threats.AI PCs integrate a specialized processor called a…

TotalEnergies has signed an agreement with Shell to exchange its 20% non-operated interest in the Gato do Mato project for an additional 3% interest in Lapa, a producing offshore oil field. Upon closing, TotalEnergies will increase its stake in Lapa to 48% (operator), alongside Shell (27%) and Repsol Sinopec (25%). Located in the Santos Basin, 270 kilometers off the coast of Brazil, Lapa is a deepwater offshore field operated by TotalEnergies. The Lapa South-West tie-back development, approved in 2023, will increase production by 25,000 barrels per day upon start-up by year-end, bringing total output of the field to…

WTI oil prices are set to average $58.30 per barrel this year, amid rising OPEC+ and U.S. production and relatively stable global oil demand, a survey of banks by law firm Haynes Boone showed on Wednesday.A total of 28 banks – a record high number – participated in Haynes Boone’s Spring 2025 Energy Bank Price Deck Survey, now in its 12th year. The banks on average expect WTI Crude prices to average $58.30 per barrel in 2025, down from $61.89 a barrel expected in Haynes Boone’s Fall 2024 survey.The banks’ reduction of the forecast could be explained with the $10…

The UK’s solar farms and rooftops generated more electricity than ever before in the first five months of 2025, as the country enjoyed its sunniest spring on record. The figures, revealed in new Carbon Brief analysis, show that the nation’s solar sites have generated a record 7.6 terawatt hours (TWh) of electricity during January to May 2025. This is some 42% higher than the 5.4TWh generated in the same period last year, as well as marking a much larger 260% increase in the past decade. Solar hit a new half-hourly record of 13.2 gigawatts (GW) on 6 April and, for…

In a bid to wean the U.S. critical minerals supply chain off China, U.S. President Donald Trump plans to use emergency powers under the Defense Production Act to bolster domestic production and processing of these metals vital for the energy and defense industries, Reuters reports, citing a document to be published on Wednesday.The Defense Production Act is a U.S. law that grants the President powers to ensure the nation’s defense by expanding and expediting the supply of materials and services from the domestic industrial base.The White House is set to waive some legal requirements, including requirements for congressional approvals, to…

WASHINGTON (AP) — The Labor Department has cut back on the inflation data it collects because of the Trump administration’s government hiring freeze, raising concerns among economists about the quality of the inflation figures just as they are being closely watched for the impact of tariffs. The department’s Bureau of Labor Statistics, which produces the monthly consumer price index, the most closely watched inflation measure, said Wednesday that it is “reducing sample in areas across the country” and added that it stopped collecting price data entirely in April in Lincoln, Nebraska, and Provo, Utah. It also said it has stopped…

Alternative asset management firm TPG announced today an agreement by its climate investing platform TPG Rise Climate to acquire a majority stake in UK-based power market analytics provider Aurora Energy Research. Founded by University of Oxford professors and economists in 2013, Aurora provides power market forecasting and analytics for critical investment and financing decisions through a proprietary data, analytics, and software platform. The company includes more than 600 professionals across 17 offices globally, with backgrounds across energy, finance and consulting, covering areas including power, hydrogen, carbon and fossil commodities. Dr John Feddersen, Founder and CEO of Aurora Energy Research, said:…

Citi has downgraded Constellation Energy after the power company signed a major deal with Meta that indicates nuclear plant owners might not receive that high of a price premium for their electricity. Meta agreed to buy about 1.1 gigawatts of power from the Clinton Clean Energy Center in Illinois for a 20-year period that begins in 2027. Constellation stock rose as much as 9% intraday Tuesday on the deal, before closing slightly lower at $313.03 per share. Citi now rates Constellation as neutral and high risk, setting a stock price target of $318, which implies upside of less than 2%.…

BlackRock Inc. was removed from Texas’ blacklist of companies that boycott fossil fuels, ending a three-year standoff over the environmental policies of the world’s largest asset manager. The move means pension funds and other state-run investment accounts — which manage more than $300 billion of assets — will be allowed to purchase BlackRock shares, invest in its exchange-traded funds and hire the firm for advice and risk management. Inclusion on the list resulted in some Texas entities pulling billions of dollars of assets from the firm. State Comptroller Glenn Hegar said BlackRock had rolled back many of its green-focused initiatives, including exiting the Net…

Auto manufacturers are warning of new supply chain disruptions tied to a global shortage of rare earth magnets, a key component in electric vehicle motors and advanced drivetrains. The shortage is being driven by new tariffs and export restrictions from China, which dominates global rare earth production. What’s RelatedSome European suppliers are already feeling the impact. According to a Reuters report, multiple auto parts plants in Europe have begun shutting down due to limited supplies of rare earth magnets. The ripple effects are expected to spread quickly to US automakers and suppliers. The report noted that “a number of automakers…