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Tue. Jul 28th, 2026
Trending News: Red Sea Tanker Traffic Falls to Multi-Month Low After Houthi ThreatsGasoline in Australia Jumps to Highest Level Since MarchHouthi Threats Force Saudi Crude Tanker Onto Suez Route To AsiaRussia Says Fuel Crisis Is Easing as Refineries RestartIndian Refinery MRPL Bars Crude Suppliers From Hormuz, Red Sea RoutesWE’RE IN CONTROL: Iran Says it Still Controls Strait, Not Seeking Talks, After Trump Halts BombingOil Prices Hit One-Week Low After US, Iran Pause Fighting Over WeekendTHE OIL MARKET: Crude Oil Futures are Pricing Market Adaptability, Not Hopeful Iran Peace: RussellTrump May Need to Allow Chinese Minerals as US Industry Struggles to Meet 2027 deadlineBEEFING IT UP: Expand Energy to Beef Up Gas Marketing Business with $1.25 Billion Twin Eagle DealParas Semiconductor eyes chip facility in Madhya Pradesh, IndiaSaudi Red Sea Crude Exports Have Sank 41% Since March PeakOil Shock Could Turn Super El Niño Into an Inflation Problem AgainRussia’s Biggest Black Sea Oil Port Goes Quiet as Drone Threat GrowsOil Prices Plunge 5% After U.S. and Iran Halt AttacksChina’s Crude Oil Imports SurgeJapan Eyes Foreign Banks to Back $33 Billion U.S. Natural Gas InvestmentIrish Energy Distributor Agrees to $7.7 Billion Takeover by KKR-Led ConsortiumEuropean Natural Gas Prices Plunge 8% as U.S.-Iran Tensions EaseLinde expands low-carbon power push as industry faces soaring electricity demandGreen Energy Stocks Deliver Mixed Performance As Indian Markets End Higher (27 July 2026)Omega Bright Steel Signs PPA with LR Energy for 6 MWp Captive Solar Plant in HaryanaBrent, WTI Oil Prices Both Down Over 5 PercentPFC Consulting Incorporates Kushtagi Transmission SPV for Karnataka 765 kV Transmission ProjectJuniper Green Energy Launches INR 1,800 Crore IPO; Subscription Opens On July 30, 2026Puro.earth certifies first European biogas BECCS carbon removal projectBELECTRIC Appoints Daniel Kiremidjian as CEO of UK Business to Drive Solar and Battery Storage GrowthEnvitec lands German biomethane projectNippon Sanso Matheson to build $5.4m industrial gas site in TexasMiddle East conflict sparks closure fears for UK’s largest gas storage siteTrump Warns China, Russia Against Involvement in Iran WarIran Will Halt Attacks as Long as US Maintains Pause, Iranian Source Says After Trump Calls Off StrikesIran War Spreads to Red Sea and Caspian, Gulf Quiet as US Forgoes StrikesFirst port signs up to US initiative on maritime SMRsUK start-up Nuclear Turbines unveils novel reactor conceptPrometheus project selected for federal supportSir Ian Wood, champion of the North Sea oil industry, dies at 84Most Gulf Coast Refineries Unaffected by Tropical Storm BerthaCG Power Reports Record Q1 FY27 Revenue and Profit as Order Book Surges 45% to INR 17,333 CroreUS Energy Firms Cut Rigs for First Time in Six Weeks, Says Baker HughesOil Falls on Report China Pushing for End US-Iran WarPERSPECTIVE: Wind and Solar Have an Important Role – But They Are Energy “Diversification”, Not Energy “Transition”Devon Energy Mulls $4 Billion Sale of Eagle Ford, Powder River Assets, Bloomberg News ReportsLONGi Partners with Innoptus and Delft Solar Teams for 2026 American Solar ChallengeAdani Power Reports Record Q1 FY27 EBITDA as Revenue Rises 28%, Advances 45 GW Capacity ExpansionActis Secures IFC, Proparco Investment for Ulug Enerji Grid UpgradesGlobal LNG Giants Target Cambodia as New Energy MarketU.S. Prioritizes Small Nuclear Reactors Across Southeast AsiaChina Rushes to Secure Russian Oil as Middle East Supply Risks EscalateSaudi Crude Tanker Goes Dark to Slip Through Bab el-MandebPakistan Transporters Threaten Nationwide Strike Over Fuel Price HikesHormuz Tanker Crossings Sink to Lowest Level Since May as War Risk SpikesADNOC Issues Seventh Crude Tender Since June Despite Hormuz, Red Sea RisksIndia Scours Angola, Venezuela for Crude as Mideast Supply Dries UpAnalysts Map 4 Potential USA-Iran Conflict ScenariosTrump Pledge on Data Center Power Supplies Draws SkepticismOil Retreats from Above $100, but Set for Weekly Rise on Middle East EscalationFuel Swings Turn US Airline Earnings Forecasts Into Moving TargetsTrump Vows to Punish Iran and Houthis for Attacks in Red SeaTop US Oilfield Services Firm SLB Beats Quarterly Profit EstimatesWEH broadens role with FluidTech rebrandAnalysis: How Mozambique plans to benefit from $50bn LNG pipelineIndian Green Energy Stocks Trade Mixed Amid Weak Broader Market (24 July 2026)Jordan biogas sector raises standards and capacityAukera Energy Secures €48.5 Million IFC Financing For Romania’s Largest Battery Energy Storage Expansionib vogt Begins Commercial Operations at 99 MWp Tantangan Solar Power Plant in the PhilippinesLNG Importers Seek Lower Qatar and UAE Prices as War Upends DealsIndia’s Fuel Exports Set to Soar in July as Refining Margins JumpIndia Targets Five Small Modular Reactors by 2033Oil Tops $100 as Supply Crisis DeepensTrump Threatens Iran After Houthi Tanker AttacksCS PowerTech Opens First U.S. HJT Solar Cell Manufacturing Facility in Indiana, Targeting Over 6 GWp Annual CapacityKumba Signs 63 MW Solar Power Offtake Agreement With Envusa Energy For Sishen Mine In South AfricaEvero bioenergy plant moves to join HyNet carbon capture networkUS imposes tariffs on 60 trading partnersOEUK Hails ‘Constructive Meeting’ with New Energy SecWorley wins EPC contract for UK low carbon power projectTrump Tells Axios he is Considering Restarting Major Combat Operations in IranOil Settles Over $100 as Houthi Attacks Intensify Middle East Supply RisksUS Energy Shares Gain as Houthi Tanker Attacks Push Brent Crude to $100Oil Executives Rush to Complete Contract Migration in Venezuela, Sources SayUS Energy Officials Consider Power Shift in PJM Electric GridOklo cleared to start up test reactorRussia stresses long-term nature of nuclear cooperation with ChinaApproval for VVER fuel production in GermanyViewpoint: IAEA’s non-proliferation safeguards and industry’s roleIndia’s Solar Manufacturing Push Backfires as Panel Factories Shut DownEU Concedes to Greek LNG Demand in Russian Sanctions RowTotalEnergies Profit Soars 68% as Oil Price Surge Lifts EarningsChinese Tankers Push Through Bab el-Mandeb Despite Houthi Blockade ThreatsU.S. Refinery Utilization Hits 96.2% as Fuel Markets Tighten WorldwideOil Rockets Towards $100US Says it Reaches Nuclear Power Deal With Saudi ArabiaTrump Administration Considers Putting Nuclear Power Plants in US WatersTRUMP: US Will Attack Iranian Bridge, Power Plant for Every Ship Targeted in HormuzOil Prices Rise for a Fifth Day on Supply Concerns Amid Chokepoint ThreatsSoccer World Cup Helped Lift US Jet Fuel Demand to Record Last Week, EIA Data ShowsMatador to Buy Paloma Permian for $1.28 Billion, Bolsters Delaware Basin PresenceAir Liquide invests $150m in Idaho semiconductor gas plantPodcast | Decoding deals, diligence and Donald (Trump)
Tue. Jul 28th, 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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