Trending News: North American Helium brings ‘Canada’s largest’ helium field onlineNorthern Ireland can generate 8TWh of biomethaneUSA Diesel Price Surges AgainVideo | Biogenic CO2: what’s changed since last year?Oil Prices Reverse Course as Traders Watch US-Iran DiplomacyU.S. Threatens to Ground Iranian Airlines WorldwideSoaring Oil and Gas Prices Push Europe’s Inflation Fight Into 2027Falcon enters California market through Encore acquisitionFalcon enters California market through Encore acquisitionLarger BOC Cryospeed tankers enter serviceChina starts work on supercritical CO2 and molten salt energy projectStallion begins high-purity helium supply amid India’s semiconductor pushHungary Asks U.S. to Waive Tariffs Over Russian Oil PurchasesHormuz Blockage Puts Qatar’s $83 Billion LNG Bet at RiskPrague Caps Fuel Prices, Taxes Orlen’s ‘Windfall’ Refining MarginsWholesale Gas Prices Are Reaching Consumers Faster, ECB SaysSaudi Arabia Reroutes Oil Exports as Houthi Strikes Target YanbuEFC breaks ground on $210m-backed Texas manufacturing facilityU.S. Diesel Hits Record $6.50 as Global Fuel Crunch DeepensNorway’s Arctic Oil Pitch Falls Flat in BrusselsTrafigura Launches Volare Shipping to Cash In on Record Tanker RatesIndia’s Coal Demand Set to Jump 4.2% as Plant Stocks Hit Critical LowsThe $134bn AI wave set to revolutionise semiconductor fabs and gas procurementVorn Bioenergy acquires five biogas plants in ItalyHas the Oil Market Changed Forever?Equigas forms two new authorised distributor partnershipsEquigas forms two new authorised distributor partnershipsOil Prices Slide as Traders Bet on Iran DiplomacyStrait of Hormuz Shipping Traffic Falls Further as Saudi Oil Flows RiseEurope’s Fuel Crisis Spreads From Diesel to Jet FuelPakistan Secures Second Qatari LNG Cargo Through Hormuz After Iran DealPV Hardware Expands South African Presence with New Office, Strengthening Local Operational and Technical SupportAvaada’s 3 GW Solar Cell Facility in Nagpur Draws Fadnavis Praise as Maharashtra Targets Major Solar Manufacturing ExpansionBack-Contact Solar Is Gaining Ground: What Could It Mean for TOPCon’s Dominance?Pekat Group Secures 470-Acre Kedah Land Lease For Solar And BESS DevelopmentFirst Gen Plans Up To ₱160 Billion Renewable Energy Investment Through 2031 In PhilippinesMeritus appoints first Director of AI OperationsMeritus appoints first Director of AI OperationsTotalEnergies and BlackRock Sign $1.8B Deal for African Oil and Gas AssetsSaudi Arabia Cuts Europe Off From October Crude as Gulf Exports SurgeMacron Calls for Another Emergency Oil Release as Europe Loses SupplyJPM Analysts No Longer Have USA-Iran Conflict BaselineTwo Ras Laffan LNG trains will take three years to repair confirms QatarEnergy CEOTwo Ras Laffan LNG trains will take three years to repair confirms QatarEnergy CEOIWDC appoints John Gaither as Director of ITAkkuyu 1 set for next stage of pre-commissioning activitiesNuward targets 10 SMRs in five EU countriesFrance prepares to start dismantling first UNGG reactorNTPC Green Energy Commissions 68.22 MW Solar Capacity At Dahod Project In GujaratVedanta Aluminium Prepares for Rising Demand for Specialised Aluminium in India’s Power Grid ExpansionGEON Commissions 10 MW/20 MWh BESS Project In Phalodi, RajasthanSuzlon Energy Allots 6.4 Lakh Equity Shares Under ESOP 2022, Paid-Up Capital Rises to INR 2,749.26 CroreNTPC Green Energy Commissions 68.22 MW Solar Capacity At Dahod Project In GujaratINEOS Opens EU’s First Full-Scale Carbon Storage Site in DenmarkStrait of Hormuz oil shipments hit six-month high, U.S. commander saysLNG Tankers Push Through Hormuz Again as Qatar, UAE Fight Supply CrunchHormuz Tanker Traffic Slumps as Saudi Arabia Scrambles for New Oil RoutesIndia’s Clean Energy Boom Halts Coal Power GrowthSaudi Oil Exports Rebound at Hormuz While East-West Pipeline Remains OfflineJapan’s Refiners Have Enough Crude to Last Through November, Industry Body SaysHouse Passes Bill Allowing New Tariffs on Russia Oil BuyersEmirates Biotech and partner launch UAE organic waste-to-biogas pilotEmirates Biotech and partner launch UAE organic waste-to-biogas pilotGF Smith adopts biomethane to colour sustainability goalsOil Prices Head for Weekly Loss as Saudi Export Fears EaseChina Pushes Coal Miners to Lift Supply as Prices ClimbChina’s Fuel Exports Surge as Global Diesel Shortage DeepensNexperia and Tata Electronics semiconductors tie up boosts supply resilienceP2H2 starts hydrogen production with 0.5MW Belgium AEM electrolyserHexa Renewables Japan Signs Corporate PPA To Supply Solar Power To Ebara’s Kumamoto PlantGreen Energy Stocks Show Mixed Trading as Sensex Ends Flat and Nifty Gains 0.31% (18 September 2026)Sungrow Claims World-First Wideband Oscillation Reproduction and Suppression at 500 MW Solar-Plus-Storage PlantAustralia Invests $49 Million To Scale Hysata Hydrogen Electrolyser Manufacturing At Port KemblaSolar & Storage Expo Madhya Pradesh 2026 Concludes on a High Note in Bhopal  South Korean initiative targets 100MW electrolyser plant designsEnergos Force FSRU arrives in GermanyClimeworks signs ‘first’ CORSIA-compliant carbon removal dealRussian Fuel Exports Rebound in August But Still Down 50% From Last YearAmerica Is Paying a Lot for Fuel, Not Running Out of GasolineHormuz Sees More LNG TrafficColumn: Industrial gas firms must catch up with IP and data ownershipColumn: Industrial gas firms must catch up with IP and data ownershipMoeve breaks ground on 300MW green hydrogen plantIneos opens first major CO2 storage site in EuropeIneos opens first major CO2 storage site in EuropeIneos opens first major CO2 storage site in EuropeKpler Sees Oil Grinding Higher as Diesel Crunch DeepensIndustry groups call for governments commitment for nuclear growthTotalEnergies secures $1.8 billion GIP investment in African oil and gas infrastructureChina sets out fusion progress, collaboration opportunitiesAntares, Centrus sign multi-year HALEU contractNatural draft cooling tower is preferred JEK2 optionContainment tests completed at Lufeng unit 5UK Energy Bills Could Jump 25-30% From January as Gas Prices SoarUkraine Hits Refinery as Moscow Prepares to Extend Diesel Export BanSlovak government grants €40m for steel ASU developmentGoldman Sachs Sees More Upside in Gasoline as Diesel Crunch DeepensAlberta Plans New Royalty Incentives to Spur Oil ProductionLNG Prices Could Jump Further as Hormuz Supply Crunch PersistsEurope’s Biggest Independent Solar Operator Just Went Bankrupt
Tue. Sep 22nd, 2026
Trending News: North American Helium brings ‘Canada’s largest’ helium field onlineNorthern Ireland can generate 8TWh of biomethaneUSA Diesel Price Surges AgainVideo | Biogenic CO2: what’s changed since last year?Oil Prices Reverse Course as Traders Watch US-Iran DiplomacyU.S. Threatens to Ground Iranian Airlines WorldwideSoaring Oil and Gas Prices Push Europe’s Inflation Fight Into 2027Falcon enters California market through Encore acquisitionFalcon enters California market through Encore acquisitionLarger BOC Cryospeed tankers enter serviceChina starts work on supercritical CO2 and molten salt energy projectStallion begins high-purity helium supply amid India’s semiconductor pushHungary Asks U.S. to Waive Tariffs Over Russian Oil PurchasesHormuz Blockage Puts Qatar’s $83 Billion LNG Bet at RiskPrague Caps Fuel Prices, Taxes Orlen’s ‘Windfall’ Refining MarginsWholesale Gas Prices Are Reaching Consumers Faster, ECB SaysSaudi Arabia Reroutes Oil Exports as Houthi Strikes Target YanbuEFC breaks ground on $210m-backed Texas manufacturing facilityU.S. Diesel Hits Record $6.50 as Global Fuel Crunch DeepensNorway’s Arctic Oil Pitch Falls Flat in BrusselsTrafigura Launches Volare Shipping to Cash In on Record Tanker RatesIndia’s Coal Demand Set to Jump 4.2% as Plant Stocks Hit Critical LowsThe $134bn AI wave set to revolutionise semiconductor fabs and gas procurementVorn Bioenergy acquires five biogas plants in ItalyHas the Oil Market Changed Forever?Equigas forms two new authorised distributor partnershipsEquigas forms two new authorised distributor partnershipsOil Prices Slide as Traders Bet on Iran DiplomacyStrait of Hormuz Shipping Traffic Falls Further as Saudi Oil Flows RiseEurope’s Fuel Crisis Spreads From Diesel to Jet FuelPakistan Secures Second Qatari LNG Cargo Through Hormuz After Iran DealPV Hardware Expands South African Presence with New Office, Strengthening Local Operational and Technical SupportAvaada’s 3 GW Solar Cell Facility in Nagpur Draws Fadnavis Praise as Maharashtra Targets Major Solar Manufacturing ExpansionBack-Contact Solar Is Gaining Ground: What Could It Mean for TOPCon’s Dominance?Pekat Group Secures 470-Acre Kedah Land Lease For Solar And BESS DevelopmentFirst Gen Plans Up To ₱160 Billion Renewable Energy Investment Through 2031 In PhilippinesMeritus appoints first Director of AI OperationsMeritus appoints first Director of AI OperationsTotalEnergies and BlackRock Sign $1.8B Deal for African Oil and Gas AssetsSaudi Arabia Cuts Europe Off From October Crude as Gulf Exports SurgeMacron Calls for Another Emergency Oil Release as Europe Loses SupplyJPM Analysts No Longer Have USA-Iran Conflict BaselineTwo Ras Laffan LNG trains will take three years to repair confirms QatarEnergy CEOTwo Ras Laffan LNG trains will take three years to repair confirms QatarEnergy CEOIWDC appoints John Gaither as Director of ITAkkuyu 1 set for next stage of pre-commissioning activitiesNuward targets 10 SMRs in five EU countriesFrance prepares to start dismantling first UNGG reactorNTPC Green Energy Commissions 68.22 MW Solar Capacity At Dahod Project In GujaratVedanta Aluminium Prepares for Rising Demand for Specialised Aluminium in India’s Power Grid ExpansionGEON Commissions 10 MW/20 MWh BESS Project In Phalodi, RajasthanSuzlon Energy Allots 6.4 Lakh Equity Shares Under ESOP 2022, Paid-Up Capital Rises to INR 2,749.26 CroreNTPC Green Energy Commissions 68.22 MW Solar Capacity At Dahod Project In GujaratINEOS Opens EU’s First Full-Scale Carbon Storage Site in DenmarkStrait of Hormuz oil shipments hit six-month high, U.S. commander saysLNG Tankers Push Through Hormuz Again as Qatar, UAE Fight Supply CrunchHormuz Tanker Traffic Slumps as Saudi Arabia Scrambles for New Oil RoutesIndia’s Clean Energy Boom Halts Coal Power GrowthSaudi Oil Exports Rebound at Hormuz While East-West Pipeline Remains OfflineJapan’s Refiners Have Enough Crude to Last Through November, Industry Body SaysHouse Passes Bill Allowing New Tariffs on Russia Oil BuyersEmirates Biotech and partner launch UAE organic waste-to-biogas pilotEmirates Biotech and partner launch UAE organic waste-to-biogas pilotGF Smith adopts biomethane to colour sustainability goalsOil Prices Head for Weekly Loss as Saudi Export Fears EaseChina Pushes Coal Miners to Lift Supply as Prices ClimbChina’s Fuel Exports Surge as Global Diesel Shortage DeepensNexperia and Tata Electronics semiconductors tie up boosts supply resilienceP2H2 starts hydrogen production with 0.5MW Belgium AEM electrolyserHexa Renewables Japan Signs Corporate PPA To Supply Solar Power To Ebara’s Kumamoto PlantGreen Energy Stocks Show Mixed Trading as Sensex Ends Flat and Nifty Gains 0.31% (18 September 2026)Sungrow Claims World-First Wideband Oscillation Reproduction and Suppression at 500 MW Solar-Plus-Storage PlantAustralia Invests $49 Million To Scale Hysata Hydrogen Electrolyser Manufacturing At Port KemblaSolar & Storage Expo Madhya Pradesh 2026 Concludes on a High Note in Bhopal  South Korean initiative targets 100MW electrolyser plant designsEnergos Force FSRU arrives in GermanyClimeworks signs ‘first’ CORSIA-compliant carbon removal dealRussian Fuel Exports Rebound in August But Still Down 50% From Last YearAmerica Is Paying a Lot for Fuel, Not Running Out of GasolineHormuz Sees More LNG TrafficColumn: Industrial gas firms must catch up with IP and data ownershipColumn: Industrial gas firms must catch up with IP and data ownershipMoeve breaks ground on 300MW green hydrogen plantIneos opens first major CO2 storage site in EuropeIneos opens first major CO2 storage site in EuropeIneos opens first major CO2 storage site in EuropeKpler Sees Oil Grinding Higher as Diesel Crunch DeepensIndustry groups call for governments commitment for nuclear growthTotalEnergies secures $1.8 billion GIP investment in African oil and gas infrastructureChina sets out fusion progress, collaboration opportunitiesAntares, Centrus sign multi-year HALEU contractNatural draft cooling tower is preferred JEK2 optionContainment tests completed at Lufeng unit 5UK Energy Bills Could Jump 25-30% From January as Gas Prices SoarUkraine Hits Refinery as Moscow Prepares to Extend Diesel Export BanSlovak government grants €40m for steel ASU developmentGoldman Sachs Sees More Upside in Gasoline as Diesel Crunch DeepensAlberta Plans New Royalty Incentives to Spur Oil ProductionLNG Prices Could Jump Further as Hormuz Supply Crunch PersistsEurope’s Biggest Independent Solar Operator Just Went Bankrupt
Tue. Sep 22nd, 2026

Baker CEO Says 2025 Resilience Driven by AI Growth, Sees Oil Investment Slowdown

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(Reuters) – Baker Hughes CEO Lorenzo Simonelli said on Friday the global macro environment remains resilient through 2025, despite geopolitical and policy headwinds, supported by the rapid deployment of generative artificial intelligence driving power demand and industrial activity.

Simonelli said the company remains confident of reaching $1.5 billion in data center orders ahead of its original three-year target as it continues to see strong momentum in data center power demand.

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He, however, said Baker Hughes’ outlook for 2025 remains unchanged, with a high-single-digit decline in global upstream spending expected.

Simonelli cautioned that oversupply concerns in the oil market were weighing on sentiment, with some OPEC+ members still unable to meet production quotas. He said oil-related upstream investment is expected to stay subdued until the market absorbs the group’s additional supply.

He said that early indicators suggest 2026 will be another year of subdued activity and spending declines before a gradual recovery takes hold, particularly in international and offshore markets.

Reporting by Arunima Kumar in Bengaluru; Editing by Vijay Kishore

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