Category: Energy

  • MIL-OSI Analysis: Togo’s ‘Nana-Benz’: how cheap Chinese imports of African fabrics has hurt the famous women traders

    Source: The Conversation – Africa – By Fidele B. Ebia, Postdoctoral fellow, Duke Africa Initiative, Duke University

    The manufacturing of African print textiles has shifted to China in the 21st century. While they are widely consumed in African countries – and symbolic of the continent – the rise of “made in China” has undermined the African women traders who have long shaped the retail and distribution of this cloth.

    For many decades Vlisco, the Dutch textile group which traces its origins to 1846 and whose products had been supplied to west Africa by European trading houses since the late 19th century, dominated manufacture of the cloth. But in the last 25 years dozens of factories in China have begun to supply African print textiles to west African markets. Qingdao Phoenix Hitarget Ltd, Sanhe Linqing Textile Group and Waxhaux Ltd are among the best known.

    We conducted research to establish how the rise of Chinese-made cloth has affected the African print textiles trade. We focused on Togo. Though it’s a tiny country with a population of only 9.7 million, the capital city, Lomé, is the trading hub in west Africa for the textiles.

    We conducted over 100 interviews with traders, street sellers, port agents or brokers, government officials and representatives of manufacturing companies to learn about how their activities have changed.

    “Made in China” African print textiles are substantially cheaper and more accessible to a wider population than Vlisco fabric. Our market observations in Lomé’s famous Assigamé market found that Chinese African print textiles cost about 9,000 CFA (US$16) for six yards – one complete outfit. Wax Hollandais (50,000 CFA or US$87) cost over five times more.

    Data is hard to come by, but our estimates suggest that 90% of imports of these textiles to Lomé port in 2019 came from China.

    One Togolese trader summed up the attraction:

    Who could resist a cloth that looked similar, but that cost much less than real Vlisco?

    Our research shows how the rise of China manufactured cloth has undermined Vlisco’s once dominant market share as well as the monopoly on the trade of Dutch African print textiles that Togolese traders once enjoyed.

    The traders, known as Nana-Benz because of the expensive cars they drove, once enjoyed an economic and political significance disproportionate to their small numbers. Their political influence was such that they were key backers of Togo’s first president, Sylvanus Olympio – himself a former director of the United Africa Company, which distributed Dutch cloth.

    In turn, Olympio and long-term leader General Gnassingbé Eyadéma provided policy favours – such as low taxes – to support trading activity. In the 1970s, African print textile trade was considered as significant as the phosphate industry – the country’s primary export.

    Nana-Benz have since been displaced – their numbers falling from 50 to about 20. Newer Togolese traders – known as Nanettes or “little Nanas” – have taken their place. While they have carved out a niche in mediating the textiles trade with China, they have lower economic and political stature. In turn, they too are increasingly threatened by Chinese competition, more recently within trading and distribution as well.

    China displaces the Dutch

    Dating back to the colonial period, African women traders have played essential roles in the wholesale and distribution of Dutch cloth in west African markets. As many countries in the region attained independence from the 1950s onwards, Grand Marché – or Assigamé – in Lomé became the hub for African print textile trade.

    While neighbouring countries such as Ghana limited imports as part of efforts to promote domestic industrialisation, Togolese traders secured favourable conditions. These included low taxes and use of the port.

    Togolese women traders knew the taste of predominantly female, west African customers better than their mostly male, Dutch designers. The Nana-Benz were brought into the African print textile production and design process, selecting patterns and giving names to designs they knew would sell.

    They acquired such wealth from this trade that they earned the Nana-Benz nickname from the cars they purchased and which they used to collect and move merchandise.

    Nana-Benz exclusivity of trading and retailing of African print textiles cloth in west African markets has been disrupted. As Vlisco has responded to falling revenues – over 30% in the first five years of the 21st century – due to its Chinese competition, Togolese traders’ role in the supply chain of Dutch cloth has been downgraded.

    In response to the flood of Chinese imports, the Dutch manufacturer re-positioned itself as a luxury fashion brand and placed greater focus on the marketing and distribution of the textiles.

    Vlisco has opened several boutique stores in west and central Africa, starting with Cotonou (2008), Lomé (2008) and Abidjan (2009). The surviving Nana-Benz – an estimated 20 of the original 50 – operate under contract as retailers rather than traders and must follow strict rules of sale and pricing.

    While newer Togolese traders known as Nanettes are involved in the sourcing of textiles from China, they have lower economic and political stature. Up to 60 are involved in the trade.

    Former street sellers of textiles and other petty commodities, Nanettes began travelling to China in the early to mid-2000s to source African print textiles. They are involved in commissioning and advising on the manufacturing of African print textiles in China and the distribution in Africa.

    While many Nanettes order the common Chinese brands, some own and market their own. These include what are now well-known designs in Lomé and west Africa such as “Femme de Caractère”, “Binta”, “Prestige”, “Rebecca Wax”, “GMG” and “Homeland”.

    Compared to their Nana-Benz predecessors, the Nanettes carve out their business from the smaller pie available from the sale of cheaper Chinese cloth. Though the volumes traded are large, the margins are smaller due to the much lower final retail price compared to Dutch cloth.

    After procuring African print textiles from China, Nanettes sell wholesale to independent local traders or “sellers” as well as traders from neighbouring countries. These sellers in turn break down the bulk they have purchased and sell it in smaller quantities to independent street vendors.

    All African print textiles from China arrive in west Africa as an incomplete product – as six-yard or 12-yard segments of cloth, not as finished garments. Local tailors and seamstresses then make clothes according to consumer taste. Some fashion designers have also opened shops where they sell prêt-à-porter (ready-to-wear) garments made from bolts of African print and tailored to local taste. Thus, even though the monopoly of the Nana-Benz has been eroded, value is still added and captured locally.

    Since the COVID-19 pandemic, Chinese actors have become more involved in trading activity – and not just manufacturing. The further evolution of Chinese presence risks an even greater marginalisation of locals, already excluded from manufacturing, from the trading and distribution end of the value chain. Maintaining their role – tailoring products to local culture and trends and linking the formal and informal economy – is vital not just for Togolese traders, but also the wider economy.

    Rory Horner receives funding from the British Academy Mid-Career Fellowship. He is also a Research Associate at the Department of Geography, Environmental Management and Energy Studies at the University of Johannesburg.

    Fidele B. Ebia does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Togo’s ‘Nana-Benz’: how cheap Chinese imports of African fabrics has hurt the famous women traders – https://theconversation.com/togos-nana-benz-how-cheap-chinese-imports-of-african-fabrics-has-hurt-the-famous-women-traders-260924

    MIL OSI Analysis

  • MIL-OSI Russia: More than half a century in energy. Polytechnic says goodbye to Valery Lebedev

    Translation. Region: Russian Federal

    Source: Peter the Great St. Petersburg Polytechnic University –

    An important disclaimer is at the bottom of this article.

    On July 23, Deputy Director of the Institute of Nuclear Energy (branch) of SPbPU in Sosnovy Bor, former director of the Leningrad NPP Valery Ivanovich Lebedev passed away. He devoted more than 54 years to the cause of his life, nuclear energy.

    Valery Ivanovich was born on November 3, 1947 in the city of Teikovo, Ivanovo Region. In 1971, he graduated from the Ivanovo Power Engineering Institute, specializing in “Automation of Thermal Power Processes” and was assigned to the Leningrad Nuclear Power Plant in Sosnovy Bor. At first, he worked as an engineer of control and measuring instruments and automation, then became a senior engineer of the Skala information system, a senior repairman of the Skala IVS, head of the thermal automation and measurements shop, and chief engineer of the station. And in 1996, he headed the Leningrad NPP.

    Under the leadership of Valery Lebedev, the enterprise underwent large-scale modernization, many safety systems were improved and created, and for the first time in the industry, the service life of RBMK power units No. 1 and 2 was successfully extended. Valery Ivanovich actively supported cooperation with the World Association of Nuclear Operators (WANO), the IAEA and other international organizations on issues of reconstruction and improving the safety level of the Leningrad Nuclear Power Plant.

    In 1998, V. I. Lebedev received the academic degree of candidate of technical sciences, and in 1999 – doctor. Since 2000, he worked as a professor of the department of “Nuclear and thermal power plants” of the power engineering faculty of the St. Petersburg State Polytechnical University, passing on his professional experience and knowledge to new generations of power engineers.

    After 14 years of managing the Leningrad NPP, Valery Lebedev moved to work at the Institute of Nuclear Energy (branch) of SPbPU in Sosnovy Bor, where he was its director until 2018, then deputy.

    V. I. Lebedev is the author of three scientific discoveries, 80 inventions, five monographs and over 150 scientific articles. He was a full member of the International Academy of Sciences of Ecology, Human and Nature Safety (MANEB), a full member of the Academy of Inventions and Discoveries, a full member of the International Academy of Informatization, vice-president of the Baltic Academy of Informatization, a member of the dissertation doctoral council of the All-Russian Research and Design Institute of Power Technologies (VNIPIET).

    Valery Ivanovich is a laureate of the Russian Government Prize, and for his work and scientific achievements he was awarded the Order of Glory to Russia, the 1st degree honorary badge of the Russian Academy of Natural Sciences, the Peter I, P. L. Kapitsa, N. K. Roerich medals of the Manastino Institute of Nuclear Biology and Ethnography “For Contribution to Ecology”, and the departmental badge “Veteran of Nuclear Power and Industry”.

    The passing of Valery Ivanovich Lebedev was a great loss for the scientific school of St. Petersburg and the Leningrad region, for Russian energy, and a huge loss for his family and friends. The Polytechnic University expresses its sincere condolences to the family, friends, and colleagues of Valery Ivanovich.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News

  • MIL-OSI USA: Governor Stein, Department of Environmental Quality Announce $204 Million for Drinking Water and Wastewater Projects

    Source: US State of North Carolina

    Headline: Governor Stein, Department of Environmental Quality Announce $204 Million for Drinking Water and Wastewater Projects

    Governor Stein, Department of Environmental Quality Announce $204 Million for Drinking Water and Wastewater Projects
    lsaito

    Raleigh, NC

    Governor Josh Stein announced today that 27 counties across the state will receive more than $204 million in funding for 48 drinking water and wastewater infrastructure projects. The awards will improve drinking water and wastewater infrastructure, address PFAS and other forever chemicals, identify and replace lead pipes, and improve resiliency after future storms.

    “When you turn on the faucet in your home, you shouldn’t have to worry about whether that water is safe for your family,” said Governor Josh Stein. “These investments will help ensure North Carolinians have access to clean drinking water and will help keep people safe when disaster strikes.”   

    “At DEQ, we’re committed to ensuring everyone in North Carolina has access to clean water,” said Department of Environmental Quality Secretary Reid Wilson. “This funding will address aging infrastructure and improve public health for communities large and small.”

    Notable projects include:

    • The Town of Bryson City (Swain County) will receive $9.2 million in Clean Water State Revolving Funds for wastewater treatment plant improvements.
    • The Town of Waynesville (Haywood County) will receive $8.2 million from the Clean Water State Revolving Fund for improvements to the Little Champion Gravity Sewer and Pump Station.
    • The City of Graham (Alamance County) will receive $3.4 million in Infrastructure Investment and Jobs Act (IIJA) Drinking Water State Revolving Fund-Emerging Contaminant (PFAS) Construction funding for Graham-Mebane Water Treatment Plant improvements.
    • The Fayetteville Public Works Commission (Cumberland County) will receive $20.5 million from IIJA Drinking Water State Revolving Fund Emerging Contaminant (PFAS) Construction funding for the P.O. Hoffer / Glenville Lake Water Treatment Plant Granulated Activated Carbon (GAC) facility.
    • The Town of River Bend (Craven County) will receive $6.3 million in Drinking Water State Revolving Funds for Phase II drinking water improvements.
    • The Martin County Regional Water and Sewer Authority will receive $1 million in IIJA Drinking Water State Revolving Fund-Emerging Contaminant (PFAS) Construction funding for GAC filters for PFAS removal.
    • The City of Lenoir (Caldwell County) will receive $5.6 million from the Clean Water State Revolving Fund for Lower Creek Wastewater Treatment Plant Process Basin Improvements. Lenoir will also receive $1 million in IIJA Drinking Water State Revolving Fund Lead Service Line funding for its Lead Service Line Inventory Phase 3 project.
    • The City of Lexington (Davidson County) will receive $13.7 million in Clean Water State Revolving Funds for the Lexington Regional Wastewater Treatment Plant Solids Handling Improvements project.
    • The City of Henderson (Vance County) will receive $10.7 million from the Clean Water State Revolving Fund for the Sandy Creek Pump Station and Force Main project.
    • The Town of Warrenton (Warren County) will receive $10 million from the Clean Water State Revolving Fund for its Phase IV Wastewater Treatment Plant Improvements project.
    • The City of Sanford (Lee County) will receive $7.3 million in Clean Water State Revolving Funds for its Dry Creek Basin Sewer Rehabilitation project and $1 million each for its Sanford/TriRiver Water/Chatham County and Sanford/TriRiver Water/Siler City Lead Service Line Inventory projects.
    • The Pfeiffer-North Stanly Water Association (Stanly County) will receive $4.9 million in Drinking Water State Revolving Funds for its N. Main Street and Old 52 waterline replacement project.
    • Carolina Water Service, Inc. will receive a total of $5.5 million for six projects involving PFAS-related, lead service line identification or water line-related funding in Cumberland, Gaston, Moore and Pender counties.

    A list of all projects selected for funding is available on the North Carolina Department of Environmental Quality (NCDEQ) website.

    NCDEQ’s Division of Water Infrastructure reviewed 133 eligible applications, which requested a total of $1.57 billion. The State Water Infrastructure Authority approved the awards during its July 16 meeting. The Authority is an independent body with primary responsibility for awarding federal and state funding for water infrastructure projects. 

    Funding this round came from the State Revolving Funds, including IIJA funds. The State Revolving Funds provide low-interest loans that may be partially forgiven for drinking water and wastewater projects. State Revolving Funds are funded by federal capitalization grants and revolving loan repayments. This round included IIJA Emerging Contaminants (PFAS) funds and IIJA Lead Service Line Replacement funds. 

    The Division of Water Infrastructure’s Fall 2025 funding round begins July 29. Applications are due by 5 p.m. Sept. 30, 2025. Funding for the Fall 2025 round will come from multiple existing programs, including evaluating options to address PFAS contamination, identifying and replacing lead service lines, and Viable Utility Reserve grants. The Viable Utility Reserve provides grants to local government units that are designated as Distressed for planning and construction projects that will support the long-term viability of the utility. 

    In addition, the Division will accept applications on a rolling basis for the new federal supplemental appropriations from the 2025 American Relief Act to build resilience to infrastructure for Hurricane Helene-impacted communities. Helene State Revolving Fund supplemental funds for western North Carolina towns that have experienced Helene damage will continue to be available through year-round applications starting at the end of July until 2026.  

    The Division of Water Infrastructure will conduct in-person funding application training for the Fall 2025 funding round at six locations: Clyde, Hickory, Boone, Fayetteville, Winterville, and Research Triangle Park/Durham. A virtual option via Webex will also be available, and a recording of the training will be posted on the Division’s training web page.

    Learn more about the Division of Water Infrastructure’s funding programs here. 

    Jul 23, 2025

    MIL OSI USA News

  • MIL-OSI: EnerPure Appoints Advisory Board Members to Support Strategic Growth and Commercialization Efforts

    Source: GlobeNewswire (MIL-OSI)

    Winnipeg, MB, July 23, 2025 (GLOBE NEWSWIRE) — EnerPure Inc. (“EnerPure” or the “Company”), a waste to energy company, is pleased to announce the appointment of Gary Farrar, Susan Rohac, and Mogens L. Mathiesen as Advisory Board Members. Each of these newly appointed Advisors brings significant industry experience and expertise in their respective areas and their thought leadership, strategic acumen, and experience will be invaluable to management as EnerPure moves through the commercialization and growth phase.

    “Gary, Susan, and Mogens as true experts in their respective fields provide tremendous depth and width to the knowledge base of our team, we are honoured to have them on the team” said Rick Koshman, President and CEO of EnerPure. “Each of them brings a unique and highly complementary skill set that aligns perfectly with our goal to deploy 21 recycling plants in 6 years. Gary with over 46 years experience in UMO recycling, Susan as one of Canada’s most prolific Cleantech investors, and Mogens with his shipping decarbonization focus provide us with priceless industry insights and know-how as we look to navigate the next few years.”

    About Gary Farrar
    Gary is a seasoned executive with over 45 years of leadership in the used motor oil (UMO) recycling and environmental services industry across North America. His expertise spans operations, business development, logistics, refinery supply, and sales. He has held senior roles including U.S. Vice President of Supply and Product Sales at Safety-Kleen, where he led the growth of recycled oil streams and oversaw the world’s largest UMO re-refinery. As General Manager of Safety-Kleen Canada, he managed nationwide operations and multiple business lines. At Heritage-Crystal Clean, he helped launch and scale a 75-million-gallon refinery in Indianapolis. Gary is known for building high-performing teams and driving operational and commercial success in complex industrial environments.

    About Susan Rohac  LinkedIn
    Susan recently retired from BDC (Business Development Bank of Canada) after 34 years of service. As Managing Partner of the Climate Tech venture capital fund, she led a pan-Canadian team of investment professionals and managed a portfolio of over $1 billion in assets including a $500 million fund that was launched in 2022 focusing on investing in Canada’s most promising cleantech companies. She has invested in a wide range of climate technologies such as CCUS, CDR, hydrogen, critical minerals, energy storage/battery, mobility, proptech, and advanced materials. Susan was recognized as a Climate Leader in 2024 by the Clean50 and was recipient of the Clean16 award. Susan holds honour degrees in both science and finance and has her executive MBA and ICD governance designation.

    About Mogens L. Mathiesen – LinkedIn
    Mogens has over 25 years of expertise in maritime technology and sustainability. Specializing in maritime decarbonisation, he has pioneered data-driven solutions to reduce shipping emissions. As Chief Industry and Strategy Officer at HUB Ocean, Mogens led initiatives to enable green shipping routes and foster industry collaboration. He co-founded Arundo Analytics, driving the development of analytics platforms for maritime applications, and volunteers in the Ocean Rescue Service in Norway. With an M.Sc. in Ocean Engineering and Marine Cybernetics from the NTNU and UC Berkeley, Mogens is committed to advancing sustainable practices through innovation and strategic leadership.

    About EnerPure – https://enerpure.tech
    We recycle Used Motor Oil (UMO) to reduce GHG emissions while producing a lower carbon-intensive marine fuel.”

    Each year ~17 billion litres of UMO* are improperly burned or dumped, causing widespread environmental harm. EnerPure sees a tremendous opportunity to solve this problem through the deployment of its modular micro-scale recycling plants using its patented technology to convert UMO into high-quality marine fuel.

    EnerPure is entering its next phase of growth, with our first commercial plant planned for Alberta. Our recycling plants require ~5% of the capex of traditional solutions, enabling localized recycling (while reducing the cost of collection) and providing strong economic returns. 

    Our technology has been proven via our pilot plant (operating at 43% of scale) with 1.6 million litres processed and validated through the sale of over 1.2 million litres. Our drop-in ISO 8217-compliant marine fuel is in high demand in a growing market with its 14.6% lower carbon intensity.  Annually each recycling plant can reduce greenhouse gas (“GHG”) emissions and criteria air contaminants by 36,315 and 437 tonnes, respectively.

    EnerPure, while delivering strong economic returns, offers a proven, scalable platform where environmental need meets commercial opportunity, powering the energy transition through smart regional recycling.

    *UMO is defined as any petroleum-based or synthetic lubricating oil that cannot be used for its original purpose due to contamination.

    Disclosure and Caution
    This press release may contain certain disclosures that may constitute “forward-looking statements” within the meaning of Canadian securities legislation. In making the forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable. However, the forward-looking statements are subject to numerous risks, uncertainties and other factors, including but not limited to economic, capital expenditures, and engineering projections, that may cause future results to differ materially from those expressed or implied in such forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

    The securities referred to in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.

     

    The MIL Network

  • MIL-OSI Russia: How RUDN University ecologists conducted an expedition to Baskunchak

    Translation. Region: Russian Federal

    Source: Peoples’Friendship University of Russia –

    An important disclaimer is at the bottom of this article.

    The Institute of Ecology has had a student popular science travel club for 5 years, opened by NSO GreenLab. With the support of teachers, students organize independent expeditions – scientific research trips with the implementation of a set scientific task, as well as popular science and educational trips.

    “GreenLab does not go on hikes just like that. Each of our outdoor events has a scientific or educational purpose. We see a request from students to participate in such scientific expeditions. Most are not interested in just walking or driving a route to see something beautiful and take a photo for the sake of it – they need something to take with them, in addition to vivid impressions. New knowledge, skills necessary for a future career, understanding of the structure of various ecosystems and natural processes. We select those who are in solidarity with our values and are ready not only to travel, but also to study. So not only students from other RUDN departments go with us, but also from other universities,” – Daniil Mironov, GreenLab outdoor manager, student of the Institute of Ecology (Applied Mathematics and Computer Science, 1st year).

    During the existence of the NSO, students have been on expeditions not only within Russia, but also abroad. The young researchers have worked in Kamchatka Krai, Murmansk Oblast, the Republic of Dagestan, Kalmykia, Karelia, Primorsky Krai, as well as in the regions of Kazakhstan, Uzbekistan, Italy and the Czech Republic.

    One of the latest expeditions took place in the Astrakhan region. A group of students went to the vicinity of Lake Baskunchak. This is not only a famous salt lake, but also karst caves and chalk quarries with various minerals and ancient fossils.

    “The goal of the expedition is to study steppe ecosystems, as well as the geological features of Lake Baskunchak and Mount Bogdo. Bogdo is only 150 meters high, but it is the highest point of the Caspian lowland. Few people know, but this mountain is a real salt dome covered with sedimentary rocks. The salt layers below gradually squeeze it out, causing it to grow by several millimeters per year, promising to erupt in millions of years as real salt lava,” Daniil Mironov, GreenLab outdoor manager, student at the Institute of Ecology (“Applied Mathematics and Computer Science”, 1st year).

    “We got acquainted with the local flora and fauna – we saw menacing solpugs, anxious snakes and numerous dung beetles. We experienced the changeability of the weather in the steppes – we conducted radial walks under the scorching sun, and in the evenings we cooked dinner and listened to lectures in the rain. We managed to walk along the surface of Baskunchak and in its brine (salt solution of lake water), the bottom of which is covered with the mineral halite – the same table salt that we use and which is mined here on an industrial scale,” – Lada Yaseneva, a student of the Institute of Ecology (Ecology and Nature Management, 2nd year).

    Lake Baskunchak itself is fed by 19 springs, of which only 2 are fresh. Underground water passes through layers of salt, becoming saturated and then flowing into Baskunchak itself. The concentration of salt in the lake is about 250 ml/l, which makes it one of the saltiest in Russia and in the world. Salt is not the only mineral that can be found in the vicinity of Baskunchak. There are chalk quarries around – active and exhausted, in which you can find minerals and ancient fossils, such as vertebrae of fish that lived more than 200 million years ago. Participants were able to take away samples of gypsum and feldspars.

    “In a few days, we managed to visit the most interesting places: we climbed Mount Bogdo with its incredible views, visited a gypsum quarry where the land resembled alien landscapes, and, of course, we reached Lake Baskunchak. We had to walk 10 km to the lake, but it was worth it! Walking on salt was painful – my legs cut like broken glass – but the feeling of standing in the middle of an endless white desert was unforgettable. And as souvenirs, we brought home salt crystals and gypsum,” – Daria Dobrova, a student at the Institute of Ecology (“Energy and Resource-Saving Processes in Chemical Engineering, Petrochemistry and Biotechnology”, 1st year).

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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    MIL OSI Russia News

  • MIL-OSI USA: Department of Energy Terminates Taxpayer-Funded Financial Assistance for Grain Belt Express

    Source: US Department of Energy

    The Department of Energy today announced the Loan Programs Office has terminated its conditional commitment for the Grain Belt Express Phase 1 project.

    Energy.gov

    July 23, 2025

    minute read time

    WASHINGTON— The Department of Energy (DOE) today announced the Loan Programs Office (LPO) has terminated its conditional commitment for the Grain Belt Express Phase 1 project, a high-voltage direct current (HVDC) transmission line intended to connect wind and solar capacity across Kansas and Missouri. The conditional commitment, which would have provided a taxpayer-funded loan guarantee of up to $4.9 billion dollars, was issued by the Biden administration in November 2024 – one of many conditional commitments that were rushed out the door in the final days of the Biden administration.

    After a thorough review of the project’s financials, DOE found that the conditions necessary to issue the guarantee are unlikely to be met and it is not critical for the federal government to have a role in supporting this project. To ensure more responsible stewardship of taxpayer resources, DOE has terminated its conditional commitment.

    DOE is conducting a review of every applicant and borrower – including the nearly $100 billion in closed loans and conditional commitments LPO made between Election Day 2024 to Inauguration Day 2025 – to ensure every single taxpayer dollar is being used to advance the best interest of the American people. This ongoing review positions LPO to move forward with a lower risk tolerance in lending practices and an uncompromising focus on expanding access to affordable, reliable and secure energy for the American people.

    DOE remains focused on advancing projects that expand American energy dominance and deliver on President Trump’s commitment to lower energy prices for the American people.

    Asa Reynolds Named Winner of the U.S. Department of Energy’s 2025 CyberForce® Conquer the Hill® Reign Competition

    MIL OSI USA News

  • MIL-OSI: RecycLiCo Partners with Lucid to Strengthen North American Domestic Supply Chain for Critical Minerals and Metals

    Source: GlobeNewswire (MIL-OSI)

    SURREY, British Columbia, July 23, 2025 (GLOBE NEWSWIRE) — RecycLiCo Battery Materials Inc. (“RecycLiCo” or the “Company”) (TSX.V: AMY | OTCQB: AMYZF | FSE: ID4), a critical minerals refining and lithium ion battery upcycling company, today announced that it, together with Lucid (NASDAQ: LCID) and other industry leaders has become a founding member of the Minerals for National Automotive Competitiveness Collaboration (MINAC), a partnership focused on accelerating the development and procurement of American-sourced critical mineral resources for use in automotive manufacturing by domestic automakers and Tier 1 suppliers. The other MINAC members are Alaska Energy Metals, Graphite One and Electric Metals.

    The MINAC members will work together to:

    • Advance domestic mineral production through the completion of offtake agreements for American critical minerals for use in American automobiles;  
    • Identify and resolve barriers, and accelerate commercialization and customer adoption;
    • Improve coordination between the mining and automotive sectors; and
    • Support the qualification and procurement of domestically produced materials by American automakers and Tier 1 suppliers.

    The partnership recognizes the value of RecycLiCo’s advanced hydrometallurgical process to recover high-purity, battery-ready materials from newly-mined domestic ore, manufacturing scrap and end-of-life batteries and its potential contribution to onshore sourcing of essential materials and the establishment of a circular supply chain.

    “The historic realignment of the global trading environment, together with governmental initiatives fostering reliance on domestic sources, has highlighted the need for the efficient recovery and refinement of critical minerals. This collaboration with Lucid and our other MINAC partners is a direct response to that need and will help us to validate and scale our technology and work closely with industry leaders,” said Richard Sadowsky, Chief Executive Officer of RecycLiCo.

    As part of the collaboration’s launch, Mr. Sadowsky will join fellow MINAC members for a roundtable and event on July 23, 2025, in Washington, D.C. alongside Arizona Governor Katie Hobbs, Alaska Senator Dan Sullivan, and Representatives Begich (AK) and Biggs (AZ).

    About RecycLiCo
    RecycLiCo Battery Materials Inc. is a critical minerals refining company specializing in the use of advanced hydrometallurgical technologies for processing mined ore and the upcycling of lithium-ion battery materials. RecycLiCo’s processes efficiently recover battery-ready lithium, cobalt, nickel, and manganese from end-of-life batteries and manufacturing scrap, supporting energy storage as well as broader industrial applications. RecycLiCo’s business focus aligns with the global demand for future-ready, responsible supply chains and the growing movement to strengthen domestic sourcing of critical materials.

    For more information, please contact:
    Paola Ashton
    PRA Communications
    Telephone: 604-681-1407
    Email: pashton@pracommunications.com

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain “forward-looking statements”, which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward–looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.

    The MIL Network

  • MIL-OSI United Kingdom: Byers Gill Solar development consent decision announced

    Source: United Kingdom – Government Statements

    Press release

    Byers Gill Solar development consent decision announced

    The Byers Gill Solar application has today been granted development consent by the Department for Energy Security and Net Zero.

    Byers Gill Solar

    The application will consist of a proposed solar farm with over 50MW capacity, Solar PV modules and associated mounting structures, inverters, transformers, switch gear and control equipment, a substation, energy storage equipment and underground on and off-site cabling. 

    The application was submitted to the Planning Inspectorate for consideration by RWE Renewables UK Solar and Storage Limited on 9 February 2024 and accepted for examination on 8 March 2024.  

    Following an examination during which the public, statutory consultees and interested parties were given the opportunity to give evidence to the Examining Authority, recommendations were made to the Secretary of State on 23 April 2025.   

    This is the 96th energy application out of 160 applications examined to date and was again completed by the Planning Inspectorate within the statutory timescale laid down in the Planning Act 2008.   

    Local communities continue to be given the opportunity of being involved in the examination of projects that may affect them. Local people, the local authority and other interested parties were able to participate in this six-month examination.   

    The Examining Authority listened and gave full consideration to all local views and the evidence gathered during the examination before making its recommendation to the Secretary of State.  

    The decision, the recommendation made by the Examining Authority to the Secretary of State for Energy Security and Net Zero and the evidence considered by the Examining Authority in reaching its recommendation are publicly available on the project pages of the National Infrastructure Planning website.  

    This decision was made by Minister Miatta Fahnbulleh on behalf of the Energy Secretary’s legal authority. 

    Journalists wanting further information should contact the Planning Inspectorate Press Office, on 0303 444 5004 or 0303 444 5005 or email:   

    Press.office@planninginspectorate.gov.uk

    Updates to this page

    Published 23 July 2025

    MIL OSI United Kingdom

  • MIL-OSI USA: Amid regional conflict, the Strait of Hormuz remains critical oil chokepoint

    Source: US Energy Information Administration

    In-brief analysis

    June 16, 2025

    The TIE was reposted to correct a data label and provide the figure data.

    Data source: U.S. Energy Information Administration analysis based on Vortexa tanker tracking
    Note: 1Q25=first quarter of 2025. figure data

    The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. The strait is deep enough and wide enough to handle the world’s largest crude oil tankers, and it is one of the world’s most important oil chokepoints. Large volumes of oil flow through the strait, and very few alternative options exist to move oil out of the strait if it is closed. In 2024, oil flow through the strait averaged 20 million barrels per day (b/d), or the equivalent of about 20% of global petroleum liquids consumption. In the first quarter of 2025, total oil flows through the Strait of Hormuz remained relatively flat compared with 2024.

    Although we have not seen maritime traffic through the Strait of Hormuz blocked following recent tensions in the region, the price of Brent crude oil (a global benchmark) increased from $69 per barrel (b) on June 12 to $74/b on June 13. This piece highlights the importance of the strait to global oil supplies.

    Chokepoints are narrow channels along widely used global sea routes that are critical to global energy security. The inability of oil to transit a major chokepoint, even temporarily, can create substantial supply delays and raise shipping costs, potentially increasing world energy prices. Although most chokepoints can be circumvented by using other routes—often adding significantly to transit time—some chokepoints have no practical alternatives. Most volumes that transit the strait have no alternative means of exiting the region, although there are some pipeline alternatives that can avoid the Strait of Hormuz.

    Between 2022 and 2024, volumes of crude oil and condensate transiting the Strait of Hormuz declined by 1.6 million b/d, which were only partially offset by a 0.5-million b/d increase in petroleum product cargoes. The decline in oil transit through the strait partially reflects the OPEC+ decision to voluntarily cut crude oil production several times starting in November 2022, which lowered exports from Saudi Arabia, Kuwait, and the United Arab Emirates (UAE). In addition, disruptions in 2024 to oil flows around the Bab al-Mandeb Strait, which connects the Arabian Sea to the Red Sea, led Saudi Arabia’s national oil company Aramco to shift seaborne crude oil flows from the Strait of Hormuz, instead sending it over land through its East-West pipeline to ports on the Red Sea. Also, more refining capacity in the Persian Gulf states increased regional demand for crude oil and shifted some flows to local markets within the Persian Gulf.

    Flows through the Strait of Hormuz in 2024 and the first quarter of 2025 made up more than one-quarter of total global seaborne oil trade and about one-fifth of global oil and petroleum product consumption. In addition, around one-fifth of global liquefied natural gas trade also transited the Strait of Hormuz in 2024, primarily from Qatar.

    Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, June 2025, and U.S. Energy Information Administration analysis based on Vortexa tanker tracking
    Note: World maritime oil trade excludes intra-country volumes except those volumes that transit the Strait of Hormuz. LNG=liquefied natural gas. 1Q25=first quarter of 2025

    Based on tanker tracking data published by Vortexa, Saudi Arabia moves more crude oil and condensate through the Strait of Hormuz than any other country. In 2024, exports of crude and condensate from Saudi Arabia accounted for 38% of total Hormuz crude flows (5.5 million b/d).

    Alternative routes
    Saudi Arabia and the UAE have some infrastructure in place that can bypass the Strait of Hormuz, which may somewhat mitigate any transit disruptions through the strait. The pipelines do not typically operate at full capacity, and we estimate that about 2.6 million b/d of capacity from the Saudi and UAE pipelines could be available to bypass the Strait of Hormuz in the event of a supply disruption.

    Saudi Aramco operates the 5 million-b/d East-West crude oil pipeline, which runs from the Abqaiq oil processing center near the Persian Gulf to the Yanbu port on the Red Sea. Aramco temporarily expanded the pipeline’s capacity to 7.0 million b/d in 2019 when it converted some natural gas liquids pipelines to accept crude oil. In 2024, Saudi Arabia pumped more crude oil through the East-West pipeline to avoid the shipping disruptions around the Bab al-Mandeb.

    The UAE also operates a pipeline that bypasses the Strait of Hormuz. This 1.8 million-b/d pipeline links onshore oil fields to the Fujairah export terminal in the Gulf of Oman. In 2024, crude oil and condensate volumes originating in the UAE and traversing Hormuz were 0.4 million b/d less than in 2022 because refinery upgrades allowed more heavy crude oil to be refined locally. These upgrades also allowed the UAE to increase exports of its lighter crude oil grades, and use of the pipeline to the Fujairah export terminal increased. Increased use of the pipeline for day-to-day operations has limited the excess capacity available to reroute additional volumes around the Strait of Hormuz.

    Iran inaugurated the Goreh-Jask pipeline and the Jask export terminal on the Gulf of Oman (avoiding the Strait of Hormuz) with a single export cargo in July 2021. The pipeline’s effective capacity remains around 300,000 b/d. However, during the summer of 2024 Iran exported less than 70,000 b/d from ports (Bandar-e-Jask and Kooh Mobarak) using the Goreh-Jask pipeline and stopped loading cargoes after September 2024.

    Destination markets
    We estimate that 84% of the crude oil and condensate and 83% of the liquefied natural gas that moved through the Strait of Hormuz went to Asian markets in 2024. China, India, Japan, and South Korea were the top destinations for crude oil moving through the Strait of Hormuz to Asia, accounting for a combined 69% of all Hormuz crude oil and condensate flows in 2024. These markets would likely be most affected by supply disruptions at Hormuz.

    Data source: U.S. Energy Information Administration analysis based on Vortexa tanker tracking
    Note: 1Q25=first quarter of 2025. figure data

    In 2024, the United States imported about 0.5 million b/d of crude oil and condensate from Persian Gulf countries through the Strait of Hormuz, accounting for about 7% of total U.S. crude oil and condensate imports and 2% of U.S. petroleum liquids consumption. In 2024, U.S. crude oil imports from countries in the Persian Gulf were at the lowest level in nearly 40 years as domestic production and imports from Canada have increased.

    Principal contributors: Candace Dunn, Justine Barden

    MIL OSI USA News

  • MIL-OSI USA: Pfluger Participates in Energy Subcommittee Hearing on Pipeline Safety

    Source: United States House of Representatives – Congressman August Pfluger (TX-11)

    Pfluger Participates in Energy Subcommittee Hearing on Pipeline Safety

    Washington, July 22, 2025

    WASHINGTON, DC — Congressman August Pfluger (TX-11), a member of the U.S. House Energy and Commerce Committee, participated in an Energy Subcommittee Hearing titled “Strengthening American Energy: A Review of Pipeline Safety Policy.”

    During the hearing, Rep. Pfluger emphasized the critical need for natural gas pipelines and their purpose for powering homes across the country. Rep. Pfluger pointed out that as energy demand rises, natural gas will continue to be the backbone of a reliable energy grid.

    Rep. Pfluger then questioned witnesses on how Congress can address burdensome federal oversight of natural gas pipelines while not compromising safety.

    Watch his full line of questioning HERE or by clicking the image below.

    Read highlights from the interaction below:

    Rep. Pfluger: “Mrs. Miller, I’ll stick with you. And I’ll start with the gas gathering rule. As you’re aware, this significantly expanded PHMSA’s jurisdiction, bringing more than 400,000 additional miles of gathering lines under federal oversight, and they’re located in districts like mine in the Permian Basin, where there’s a heavy presence of production that is very important. And the scope and implementation of this rule could have major implications for how the gathering systems are built and operated going forward. So, we want to get this right. We want to be reasonable, and safety is important. It is a major concern, and there are other concerns as well. But from your perspective, what implementation challenges are operators currently facing on the ground, and how can PHMSA better distinguish between high-risk and then lower-risk areas?”

    Mrs. Miller: “I appreciate that question very much. Yes, we do very much value the opportunity to have a risk-based assessment of safety concerns there. For example, a pipeline may have two different pipelines may have similar diameters or similar pressure, and there are other circumstances to consider in order to make sure that we’re assessing what the risk is. Appropriately, including, for example, proximity to populations, length of pipeline. One of the things I also wanted to make sure that this subcommittee is familiar with is the differences that exist between gathering pipelines and transmission pipelines, not only physically, but commercially. So, it’s important to remember that the interstate pipelines are subject to regulated rates with uniform tariffs. Versus gathering pipelines are subject to market-based negotiated compensation and negotiated commercial terms. So very different application.”

    Rep. Pfluger: “In your view, is there any realistic path to a reliable grid without natural gas playing a role as the backbone?”

    Mr. Moriarty: “Yes, I would agree with that natural gas pipelines are the safest way to move the energy that this nation needs, and there’s ever more demand for energy across our service territories, which is in United States, and to meet those demands, we need to construct and safely operate pipelines as well as LNG storage facilities.”

    MIL OSI USA News

  • MIL-OSI USA: Coal-fired power plants are well-stocked this year

    Source: US Energy Information Administration

    In-brief analysis

    July 23, 2025


    We expect U.S. coal-fired power plants will remain relatively well-stocked through the end of next year in our latest Short-Term Energy Outlook. We estimate power plants in the United States had 124 million short tons of coal on-site at the end of June for them to consume that coal at a rate of about 1.3 million short tons per day, meaning they had about 93 days’ worth of fuel on-site. This metric, also called days of burn, is calculated by dividing coal inventories held at power plants by a seasonal consumption rate. We forecast days of burn will range between about 90 and 120 days between now through the end of 2026, or about a month’s worth of coal more than power plants had on-site between 2019 and 2022.

    Although coal inventories held at U.S. power plants have fallen since early 2024, coal consumption in the U.S. electric power sector has also fallen since then, so the supply measure of days of burn remains relatively high. Reflecting this supply condition, coal shipments to power plants—many of which occur by rail—have declined in line with coal consumption in the U.S. electric power sector.


    We forecast the long-term decrease in U.S. coal consumption will temporarily reverse in 2025 primarily because of rising electricity demand and coal’s increased competitiveness in the electric power sector, which accounted for more than 90% of U.S. coal consumption in 2024. U.S. natural gas prices last year were at historic lows, and as natural gas prices increased in the first quarter of 2025, coal became more competitive: U.S. coal consumption in the first quarter of 2025 was 18% more than in the first quarter of 2024.

    In our short-term forecast, we expect coal’s share of U.S. electricity generation to increase from 16% in 2024 to 17% in 2025 and then decrease to 15% in 2026. Overall electricity generation is increasing to meet growing electricity demand, especially from the commercial and industrial sectors.

    Similarly, we forecast a 6% increase in U.S. coal consumption for 2025, followed by a 6% decrease in 2026 with planned coal power plant retirements and increasing renewable capacity coming online.


    Principal contributor: Jonathan Church

    MIL OSI USA News

  • MIL-OSI Security: Chile Strengthens National Cancer Control, Views Expansion of Radiopharmaceutical Production

    Source: International Atomic Energy Agency – IAEA

    The imPACT team of 13 international experts reviewed cancer prevention, early detection, diagnosis, treatment and palliative care, as well as nuclear and radiation medicine safety. For the first time, the imPACT review also included radiopharmaceutical production.

    The assessment underlined Chile’s achievements in cancer control, including universal health coverage, the adoption of latest technologies and a highly trained health workforce sustained by strong academic institutions.

    At the same time, the team identified opportunities for improvement, such as strengthening governance and coordination mechanisms for cancer control, reducing waiting times, increasing access in underserved regions, and enhancing national cancer surveillance and information systems.

    Chile has a well-established national governance structure for cancer control, which includes the Child and Adolescent Cancer Plan 2023-2028 and the Adult Action Plan for the National Cancer Plan 2022-2027.  

    “Chile’s cancer control strategy is rooted in inclusive and participatory processes. The involvement of stakeholders from across ministries, academia and civil society is essential to address the most pressing challenges,” said Bernardo Martorell Guerra, Vice Minister of Healthcare Networks at MINSAL.

    The country is seeking to expand cancer control activities, including enhanced infectious disease control, addressing risk behaviours such as tobacco use and expanding access to radiation medicine.

    MIL Security OSI

  • MIL-OSI NGOs: Chile Strengthens National Cancer Control, Views Expansion of Radiopharmaceutical Production

    Source: International Atomic Energy Agency (IAEA) –

    The imPACT team of 13 international experts reviewed cancer prevention, early detection, diagnosis, treatment and palliative care, as well as nuclear and radiation medicine safety. For the first time, the imPACT review also included radiopharmaceutical production.

    The assessment underlined Chile’s achievements in cancer control, including universal health coverage, the adoption of latest technologies and a highly trained health workforce sustained by strong academic institutions.

    At the same time, the team identified opportunities for improvement, such as strengthening governance and coordination mechanisms for cancer control, reducing waiting times, increasing access in underserved regions, and enhancing national cancer surveillance and information systems.

    Chile has a well-established national governance structure for cancer control, which includes the Child and Adolescent Cancer Plan 2023-2028 and the Adult Action Plan for the National Cancer Plan 2022-2027.  

    “Chile’s cancer control strategy is rooted in inclusive and participatory processes. The involvement of stakeholders from across ministries, academia and civil society is essential to address the most pressing challenges,” said Bernardo Martorell Guerra, Vice Minister of Healthcare Networks at MINSAL.

    The country is seeking to expand cancer control activities, including enhanced infectious disease control, addressing risk behaviours such as tobacco use and expanding access to radiation medicine.

    MIL OSI NGO

  • MIL-OSI United Kingdom: Welsh Crown Estate Devolution Bill a step closer to becoming law

    Source: Party of Wales

    Plaid Cymru urge UK Government to reconsider its stance ahead of the Bill’s third reading in the Lords

    A Bill that would transfer responsibility for the Crown Estate in Wales to the Welsh Government has passed the report stage in the House of Lords without opposition and is now set for its third reading.

    The Crown Estate (Devolution to Wales) Bill, introduced by Plaid Cymru peer Dafydd Wigley, seeks to ensure that Welsh natural resources – including seabed rights and offshore wind developments – are managed from Wales and for the benefit of the people of Wales.

    The Bill draws on precedent set by the UK Government in devolving the Crown Estate to Scotland via the Scotland Act 2016. In 2023–24, Scotland benefited by £113 million in revenue from its devolved Crown Estate. In contrast, the Crown Estate in Wales remains reserved to Westminster, and Senedd Cymru receives no such direct benefit.

    During the debate on the Bill’s Committee stage, Lord Wigley highlighted the overwhelming political and civic support for the move, noting that all of Wales’s 22 local authorities – across a range of political parties – have passed resolutions calling for the devolution of the Crown Estate.

    Plaid Cymru urged the UK Government now to support Dafydd Wigley’s Bill when it returns to the House of Lords for its third reading after the summer recess, which would then allow it to be transferred to the House of Commons.

    The party’s energy spokesperson, Llinos Medi MP, said it gave “new momentum” to Plaid Cymru’s campaign to devolve the Crown Estate.

    The UK Labour government rejected Plaid Cymru’s calls for control over the Crown Estate to be given to ministers in Wales in February, with Labour MPs – including those from Wales, voting against an amendment by Llinos Medi MP to the government’s Crown Estate Bill. 

    Plaid Cymru Peer, Dafydd Wigley said:

    “Wales has a history of exploitation of our natural resources, whether it is coal or other minerals, or our water resources, on which Birmingham and London now increasingly depend. We likewise see the exploitation of our energy potential – wave, sea currents, estuarial waters and wind on shore and in the seas around our coast.

    “My Plaid Cymru colleagues and I want to see the maximum possible benefit from such projects coming into the Welsh economy; we want to see that happen in a planned manner that recognises the financial benefit that should rightly come to those who invest in such projects, but also to the communities in which they are based.

    “Given this Bill has passed its Report Stage unopposed in the Lords, given the unanimous support of all Welsh councils towards the principle of the Bill, as well as the support of the Welsh Government, the UK Government should reflect on this issue and support my Bill when it returns for its Third Reading after the summer recess, and subsequently when it comes to the Commons, to make time available for MPs to discuss it further.”

    Plaid Cymru Energy spokesperson, Llinos Medi MP, added:

    “The passing of this Bill’s Report Stage in the House of Lords gives new momentum to the campaign to devolve the Crown Estate. Combined with the unanimous support across all Welsh councils, it’s clear that the UK Government must now reconsider its stance.

    “The UK Government can no longer justify keeping these powers in Westminster. If Scotland can control its own natural resources, then Wales deserves nothing less. This is about fairness, accountability, and empowering Welsh communities to shape their own future.”

    MIL OSI United Kingdom

  • MIL-OSI Africa: Apply Now: The Hosted Buyer Programme that’s Energising Zambia’s Industrial Future

    Source: APO

    Zambia’s commercial and industrial sectors are at a critical turning point. As businesses across the country grapple with unreliable grid power and increasing energy costs, a transformative opportunity is emerging. The C&I Energy & Storage Summit Zambia 2025 (http://apo-opa.co/3GDVh5F), taking place on 27–28 August in at The Pamodzi Hotel in Lusaka, invites Zambia’s leading private-sector energy users to apply for its exclusive Hosted Buyer Programme — a tailored initiative designed to connect large energy consumers with the technology, financing, and partnerships needed to secure reliable, clean power. The summit offers a powerful platform for strategic engagement between business, government, and solution providers.

    Why Apply for the Hosted Buyer Programme?

    The Hosted Buyer Programme is a premium, no-cost opportunity designed specifically for commercial and industrial (C&I) organisations in Zambia looking to future-proof their operations through energy independence.

    Successful applicants receive:

    • Full Access Pass to both days of the summit, including keynotes, panels, and masterclasses.
    • Curated 1:1 Matchmaking with developers and technology providers in solar, hydro, and battery energy storage systems (BESS).
    • Facilitated Introductions to leading financiers and project developers ready to partner on viable energy solutions.
    • 10% Discount for additional team members to maximise company-wide learning and engagement.

    Whether you’re exploring embedded generation, considering power purchase agreements (PPAs), or ready to implement energy storage, the Hosted Buyer Programme gives you direct access to practical guidance and strategic connections to move your energy project forward.

    Who Should Apply?

    This opportunity is ideal for large energy-using businesses in manufacturing, mining, agriculture, retail, and logistics; project owners exploring clean energy options; and companies ready to implement private power solutions.

    Apply now for the Hosted Buyer Programmehttps://apo-opa.co/4o2P6Zr

    Backed by Industry Leaders

    The summit brings together an influential advisory board and speaker line-up featuring leading voices from Zambia’s energy ecosystem — including the Energy Regulation Board, Zambia Development Agency, Africa GreenCo, Standard Bank, and the Proudly Zambian Campaign. They’re joined by dynamic speakers from across the continent, such as representatives from Kenya Power, ENGIE Energy Access, and the Pan African Chamber of Commerce and Industry. All will be offering insights, case studies, and solutions tailored to Zambia’s energy reality. With even more powerful voices to be announced, this is a must-attend event for anyone committed to driving energy transformation in the region.

    This year’s event is proudly supported by a network of sponsors and partners dedicated to advancing energy resilience across the continent. EnerJ, a leader in clean energy development, joins as Gold Sponsor, while global engineering and infrastructure players WEG and Vertiv participate as Bronze Sponsors.

    The summit is also supported by influential Media Partners, including ESI Africa, Engineering News, EngineerIT, Global Africa Network, Green Economy Journal, Media Xpose, RDJ Publishing, and Happening News, who will bring post-event coverage and insights to a broader African audience.

    Further strengthening the platform are Association Partners such as the Pan-African Chamber of Commerce and Industry (PACCI) and the Zambian Association of Manufacturers, alongside Industry Partners like the Zambia Chamber of Commerce and Industry (ZACCI), the Africa Solar Industry Association (AFSIA), and the Zambia Development Agency (ZDA) — all reinforcing the summit’s commitment to inclusive growth and industrial sustainability.

    Zambia’s energy future is being written now — and your organisation can be part of the solution.

    Download the programme: https://apo-opa.co/3GZ3UaU

    Distributed by APO Group on behalf of VUKA Group.

    Contact:
    For sponsorship or hosted buyer enquiries, contact Marcel du Toit: marcel.dutoit@wearevka.com

    For speaking opportunities, contact Babalwa Bungane: babalwa.bungane@wearevuka.com

    About VUKA Group:
    As part of the Power and Energy Portfolio of VUKA Group (https://WeAreVUKA.com), this Summit aligns with VUKA’s mission to connect industries, spark innovation, and fuel economic growth. VUKA Group is a premier organiser of conferences, exhibitions, and events across Africa, delivering tailored platforms for networking, knowledge sharing, and business development in energy and related sectors.

    Media files

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    MIL OSI Africa

  • MIL-OSI United Kingdom: Jobs unlocked as first wave of hydrogen projects sign contracts

    Source: United Kingdom – Government Statements

    Press release

    Jobs unlocked as first wave of hydrogen projects sign contracts

    10 projects from the first phase of the government’s flagship hydrogen programme can begin construction.

    • Spades in the ground as 10 of the UK’s first commercial-scale green hydrogen projects sign contracts, boosting growth as part of Plan for Change
    • homegrown, green hydrogen to fuel range of British business and industry with clean power, from tissue manufacturing and waste disposal to breweries and bus services
    • projects to unlock more than 700 good jobs across Britain in the clean energy industries of the future, while delivering on clean energy mission and industrial strategy

    Skilled jobs will be created in Britain’s industrial heartlands, as the first commercial-scale green hydrogen projects in the country sign long-term contracts to fuel heavy industry with clean, homegrown energy. 

    In an update to the hydrogen market, the government has confirmed that 10 projects from the first phase of its flagship hydrogen programme – Hydrogen Allocation Round (HAR1) – can begin construction, supporting the government’s mission to become a clean energy superpower.   

    This means spades can now enter the ground across the country in a major boost to the UK’s hydrogen industry, creating highly skilled jobs in industrial cities and regions such as South Wales, Bradford (North West), North Scotland and Teesside (North East).  

    These projects will support British industry to move away from using fossil fuels towards domestically-produced low-carbon hydrogen, reducing emissions heavy industry – such as steel, glass and heavy transport – ensuring decarbonisation is a route to reindustrialisation. 

    The HyMarnham project in Newark, Nottinghamshire has already started construction. The project is transforming the old High Marnham coal-fired power station into a clean energy hub by using hydrogen to decarbonise waste disposal operations.  

    Cromarty Hydrogen Project in Northeast Scotland is another of the 10 projects. The project’s 3 5MW electrolysers – which use electricity to split water into hydrogen and oxygen – will power local industrial users, including distilleries. 

    Taken together, the projects are expected to create over 700 jobs, including roles for apprentices, graduates, pipefitters and engineers. They are also expected to bring in over £400 million of private capital investment which has been committed between 2024 and 2026 – driving economic growth and British innovation through the Plan for Change. 

    The update comes as Andrex and Kleenex producer Kimberly-Clark announces that it will be the first major consumer goods company in the UK to make a significant commitment to green hydrogen. Kimberly-Clark, together with energy partners HYRO, Carlton Power, and Schroders Greencoat, will invest a combined £125 million into HAR1 projects at two plants in Barrow-in-Furness, Cumbria and Northfleet, Kent.

    Minister for Industry, Sarah Jones, said: 

    This government is rolling out hydrogen out at scale for the first time, with 10 of the first projects now shovel-ready to start powering businesses with clean, homegrown energy from Teesside to Devon.  

    Hydrogen will help us cut industrial emissions and support Britain’s industrial renewal by creating thousands of jobs in our industrial heartlands as part of the Plan for Change. 

    Neil McDermott, Chief Executive of Low Carbon Contracts Company (LCCC), said: 

    LCCC is proud to have signed the UK’s first Low Carbon Hydrogen Agreements, supporting the development of projects under the Hydrogen Production Business Model.  

    These agreements provide revenue stability for producers, and a clear signal that low-carbon hydrogen has a key role to play in the UK’s future energy system.  

    We look forward to working closely with project developers to bring these projects into operation.

    Dan Howell, Managing Director at Kimberly-Clark UK & Ireland said:  

    We are delighted to be the first UK consumer goods manufacturer to really embrace green hydrogen, showing that manufacturing industries can take the lead and overcome the technical challenge and adopt green hydrogen at scale. This initiative builds on the investments and progress we’ve already made with innovative technologies for our business, our consumers and our customers.

    Today’s announcement follows the Spending Review which saw an extra £500 million confirmed for the first ever hydrogen transport and storage network as part of Britain’s industrial renewal, connecting hydrogen producers with vital end users, including power stations and industry for the first time. 

    The government has also announced that it will consult on transmission-level hydrogen blending – assessing the economic and technical feasibility for hydrogen to be blended into the networks that are the backbone of Britain’s gas system, before it is safely transported into homes and businesses. 

    Hydrogen transmission blending has the potential to reduce costs for hydrogen production projects and the wider energy system, and the consultation will also gather evidence to assess whether hydrogen blending could lower consumers’ energy bills. 

    Clare Jackson, CEO of Hydrogen UK, said:  

    Signing these contracts demonstrates the confidence and commitment of both the government and industry in building a sustainable hydrogen sector.   

    Our members are at the forefront of this transition, and their projects will play a vital role in meeting the UK’s net-zero targets while driving economic growth and job creation.

    Dr Emma Guthrie, CEO of the Hydrogen Energy Association, said:  

    This announcement marks a significant and encouraging milestone for the UK’s hydrogen sector.   

    The signing of contracts for 10 projects under HAR1 provides vital momentum and confidence for industry and investors alike.   

    We look forward to seeing these projects move into the next phase, helping to scale up the UK’s low carbon hydrogen economy.

    Pierre de Raphélis-Soissan, CEO of Hynamics UK who are developing the Tees Green Hydrogen project, said:  

    We are delighted that Tees Green Hydrogen has successfully signed a contract as part of the Hydrogen Allocation Round.   

    We are committed to advancing low carbon hydrogen solutions that not only support the UK’s energy transition but also contribute to a sustainable future for our communities.   

    This achievement marks a significant milestone in the journey towards industrial decarbonisation within the Tees Valley region.

    Gareth Mills and Kevin Selleslags, on behalf of Bradford Low Carbon Hydrogen (BLCH) said: 

    Signing our contract to take the largest HAR 1 project forward is a significant step.  

    Thanks to the government’s investment, we’re able to continue to progress our plans to transform Birkshall from a former fossil fuel gas site powering Bradford’s homes and businesses to a flagship low carbon hydrogen production facility and fuelling station.  

    The scheme will not only help the area decarbonise with cleaner fuel but will vitally create around £120 million and support 125 jobs in the regional economy.

    Alistair Collins, Director at HyMarnham Power, said:   

    As one of the first HAR1 projects now commissioning electrolyser systems, we’re proud to demonstrate what government support can unlock, real infrastructure, green hydrogen production and a tangible contribution to the UK’s net zero and energy security goals.

    Lucy Whitford, RES’ Managing Director, UK&I, said:  

    Green hydrogen, created using British low carbon energy, will revolutionise how we power industry, helping the UK to build a globally competitive, zero carbon economy in the process.  

    We are proud of the success of HYRO’s Northfleet project, which will show how we can make green hydrogen a reality.

    Notes to editors

    HAR1 projects are expected to access over £2 billion over 15 years in revenue support from the Hydrogen Production Business Model and over £90 million in capital expenditure support via the Net Zero Hydrogen Fund. 

    Further details of the 10 projects which have signed to HAR1 are detailed in the table below, with contracts available on the LCCC registry

    Government is working collaboratively with the project developer of the final HAR1 project to ensure they are ready to sign the Low Carbon Hydrogen Agreement as soon as possible. 

    See the transmission blending consultation.

    Project name Developer Constituency Summary
    Cromarty Hydrogen Project Scottish Power & Storegga Caithness, Sutherland and Easter Ross Cromarty Green Hydrogen Project is located in northeast Scotland and is being developed by Scottish Power and Storegga. The project will use electricity from nearby wind farms produce hydrogen that could be sold to local industrial offtakers, including distilleries.
    Bradford Low Carbon Hygen Bradford East Bradford Low Carbon Hydrogen is located within the city centre of Bradford, Yorkshire and is being developed by Hygen in partnership with Ryze. The project will use renewable electricity to produce hydrogen for use in a range of offtakers in the mobility sector. JCB and Wrightbus are key potential customers.
    West Wales Hydrogen Project Morgen & Trafigura Mid and South Pembrokeshire West Wales Hydrogen Project is located in Milford Haven, West Wales, and is being developed by MorGen and Trafigura. The project will produce hydrogen could be sold to local industrial offtakers including Natural Gas facilities to decarbonise their operations.
    High Marnham JG Pears & GeoPura Newark HyMarnham is located on the site of an old coal power station in the East Midlands and is being developed by JG Pears and GeoPura. Hydrogen produced is expected to be used by GeoPura to supply their remote power generation units and by JG Pears as part of their waste disposal operations.
    Whitelee Green Hydrogen Scottish Power Kilmarnock and Loudoun Whitelee Green Hydrogen is located in central Scotland, 14 miles south of Glasgow and is being developed by Scottish Power. The project will use electricity from Whitelee Wind Farm to produce hydrogen to be sold to local distilleries and transportation companies to decarbonise their operations.
    Green Hydrogen 3 HYRO Gravesham Green Hydrogen 3 is located in Northfleet, South east, and is developed by HYRO. Electricity will be sourced through a renewable Power Purchase Agreement and aims to be used to produce hydrogen for use in a paper mill to power industrial boilers.
    Trafford Carlton Power Stretford and Urmston (Greater Manchester) Trafford Hydrogen Project is located in Trafford, Manchester and is being developed by Carlton Power. The project will produce hydrogen to be sold to a range of local industrial offtakers.
    Barrow   Barrow-in-Furness (Cumbria) Barrow Hydrogen is located in Cumbria and is being developed by Carlton Power. The project could provide low carbon hydrogen to the neighbouring Kimberly Clark tissue manufacturing site.
    Langage   South West Devon (Plymouth) Langage green hydrogen is located in Plymouth and is being developed by Carlton Power. The project will supply hydrogen to companies located in Langage Energy Park which could utilise Hydrogen in place of gas in industrial processes such as minerals processing.
    Tees Green EDF/Hynamics Redcar (Teesside) The Tees Green hydrogen project is located in Teeside. Low carbon hydrogen will be produced from electricity generated in the Teesside Offshore Wind Farm for use in the production of Sustainable Aviation Fuel, helping decarbonise the aviation industry in the future.

    Updates to this page

    Published 23 July 2025

    MIL OSI United Kingdom

  • MIL-OSI Banking: RBI Bulletin – July 2025

    Source: Reserve Bank of India

    Today, the Reserve Bank released the July 2025 issue of its monthly Bulletin. The Bulletin includes four speeches, four articles and current statistics.

    The four articles are: I. State of the Economy; II. Revisiting the Oil Price and Inflation Nexus in India; III. Determinants of Overnight Uncollateralised Money Market Volume- An Empirical Assessment; and IV. Household Inflation Expectations in India: Emerging Trends, Determinants and Impact of Monetary Policy.

    I. State of the Economy

    The global macroeconomic environment remained fluid in June and July so far amidst geo-political tensions and tariff policy uncertainties. Domestic economic activity held up, with improving kharif agricultural season prospects, continuation of strong momentum in the services sector and modest growth in industrial activity. Headline CPI inflation remained below 4 per cent for the fifth consecutive month in June driven by deflation in food prices. System liquidity remained in surplus to facilitate a faster transmission of policy rate cuts to the credit markets. The external sector remained resilient, backed by ample foreign exchange reserves and a moderate external debt-to-GDP ratio.

    II. Revisiting the Oil Price and Inflation Nexus in India

    By Sujata Kundu, Soumasree Tewari and Indranil Bhattacharyya

    In the backdrop of volatile global crude oil prices and a less regulated petrol and diesel prices regime, this paper reassesses the impact of international crude oil price movements on headline inflation in the Indian context.

    Highlights:

    • Since the pandemic, the global economy has experienced large gyrations in crude oil prices. India, being a net oil importer, has remained susceptible to the vagaries of global crude oil prices and has been actively intervening in the domestic fuel market to contain the adverse fallout of higher oil prices on domestic inflation and output.

    • Empirical estimates suggest that a 10 per cent rise in global crude oil prices could increase India’s headline inflation by around 20 basis points on a contemporaneous basis. In the post-pandemic period, the impact on inflation, although largely contained, has been statistically significant with the surge in crude oil prices owing to the post-pandemic demand revival, which further intensified due to the supply chain disruptions caused by the outbreak of the Russia-Ukraine war in early 2022.

    • While Government measures have limited the impact of global crude oil price fluctuations on headline inflation, increase in oil import dependency warrants measures not only to contain the spillovers to domestic prices but also to gradually transit towards alternative sources of fuel for more efficient management of domestic fuel prices in the long run.

    III. Determinants of Overnight Uncollateralised Money Market Volume – An Empirical Assessment

    By Srijashree Sardar and Alqama Pervez

    The uncollateralised money market holds a pivotal position in India’s monetary framework, serving as the principal avenue for the exchange of central bank reserves. Its significance is further underscored by the fact that the weighted average call rate (WACR) functions as the operating target of the Reserve Bank of India’s monetary policy. Against this backdrop, the article seeks to empirically examine the factors influencing trading volumes in the unsecured interbank segment of the Indian money market.

    Highlights:

    • The temporal distribution of trades in the call money market exhibits skewness within the day. The bulk of the trades occur in the first hour of any given day which may be attributed to the fact that primary dealers, the major borrowers in the segment, tend to fulfil their funding needs early in the day.

    • System liquidity conditions, spread of the weighted average call rate over the policy repo rate, divergence of overnight forward premia from interest rate differential, inflows to and outflows from government accounts, trading volume of the collateralised segment and market trading hours are found to have a significant impact on call volume during the period of the study (2019-2024).

    • Divergence of overnight forward premia from the interest rate differential has a positive impact on call volume, indicating arbitrage by banks during times of such divergence.

    • Co-operative banks participation in call money market decreased significantly after the Reserve Bank’s directive for mandatory membership on NDS-CALL trading platform for call money market activity. It has, however, rebounded in the recent months, following an increase in membership of co-operative banks.

    IV. Household Inflation Expectations in India: Emerging Trends, Determinants and Impact of Monetary Policy

    By Ankit Ruhi, Kanupriya Sharma and Subhadhra Sankaran

    Household inflation expectations rose in the aftermath of the COVID-19 pandemic and geopolitical tensions, and have remained largely elevated since. In view of these developments, this article analyses the evolving trends in household inflation expectations. It proposes alternative methods for adjusting higher values of expectations reported in Inflation Expectations Survey of Households and identifies the key macroeconomic factors influencing these expectations. Finally, the impact of policy interventions, especially since the adoption of flexible inflation targeting (FIT) regime, is also examined.

    Highlights:

    • Households’ inflation expectations exhibit systematic upward bias compared to those of professionals and businesses, even in periods of stable or low inflation.

    • Median inflation expectation and the disagreement across demographic groups is gradually moderating since 2023-24.

    • Perceived past inflation expectations add to stickiness in household expectations even as influence of realised inflation dynamics becomes stronger when expectations are adjusted for extreme values.

    • Transition to the FIT regime has successfully aided in stabilising inflation expectations. Monetary policy actions are found to effectively anchor inflation expectations.

    • While headline inflation is more influential than food inflation, volatile and broad-based food inflation may keep overall expectations elevated, underscoring the importance of continued policy emphasis on headline inflation.

    The views expressed in the Bulletin articles are of the authors and do not represent the views of the Reserve Bank of India.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/769

    MIL OSI Global Banks

  • India has 8.52 million tonnes reserves of rare earth elements: Jitendra Singh

    Source: Government of India

    Source: Government of India (4)

    India has approximately 7.23 million tonnes of rare earth elements oxide (REO) contained in 13.15 MT monazite (a mineral of Thorium and Rare Earths) occurring in the coastal beach, teri and red sand and inland alluvium in parts of Andhra Pradesh, Odisha, Tamil Nadu, Kerala, West Bengal, Jharkhand, Gujarat and Maharashtra, while another 1.29 MT rare earths are situated in hard rocks in parts of Gujarat and Rajasthan, the Parliament was informed on Wednesday.

    The Atomic Minerals Directorate for Exploration and Research (AMD), a constituent unit of Department of Atomic Energy, is carrying out exploration and augmentation of minerals of rare earth group elements along the coastal, inland and riverine placer sands as well as in hard rock terrains in several potential geological domains of the country, said Minister of State Dr Jitendra Singh in a written reply in the Lok Sabha.

    Additionally, Geological Survey of India (GSI) has augmented 482.6 MT resources of rare earth elements (REE) ore at various cut-off grades in 34 exploration projects, the minister informed. The quantum of rare earth minerals exported during the last 10 years is 18 tonnes, while there have been no imports of rare earth minerals, he further stated.

    The minister also said that the Ministry of External Affairs is actively engaging with relevant stakeholders to alleviate the challenges arising from export restrictions on rare earth magnets imposed by certain countries.

    “There have been continued engagements at bilateral and multilateral level to increase cooperation in peaceful uses of nuclear energy, including in rare earth minerals and related technologies. These efforts aim to mitigate disruptions in the supply chain and safeguard the interests of Indian importers,” said the minister.

    The Ministry of Mines has entered into bilateral agreements with the governments of a number of countries such as Australia, Argentina, Zambia, Peru, Zimbabwe, Mozambique, Malawi, Cote D’Ivoire and International organisations such as International Energy Agency (IEA), Dr Singh said.

    The Ministry is also engaging on various multilateral and bilateral platforms such as Minerals Security Partnership (MSP), the Indo-Pacific Economic Framework (IPEF), and initiative on Critical and Emerging Technologies (iCET) for strengthening the critical minerals value chain, he explained.

    He further stated that the Ministry of Mines has set up Khanij Bidesh India Limited (KABIL), a joint Venture company with the objective to identify and acquire overseas mineral assets that hold critical and strategic significance, specifically targeting minerals like Lithium, Cobalt, and others.

    KABIL has already signed an Exploration and Development Agreement with CAMYEN, a state-owned enterprise of Catamarca province of Argentina for Exploration and mining of Five Lithium Blocks in Argentina. KABIL is also having regular interactions with Critical Mineral Office in Australia with the primary objective of acquiring critical and strategic mineral assets.

    Further, the Ministry has initiated the process of entering into government-to-government (G2G) MoUs with Brazil and Dominican Republic for developing cooperation in the field of rare earth minerals and critical minerals. The broad objectives of these MoUs are to provide an overarching framework for cooperation in research, development and innovation in mining, with a particular focus on REE and critical minerals, the minister pointed out.

    (IANS)

  • MIL-OSI Africa: New Bank Leadership, Capital Strategies Drive African Mining Investment Push

    Source: APO – Report:

    .

    Several African multilateral banks and financial institutions have undergone significant leadership transitions this year aimed at aligning financial strategies with the continent’s evolving development and industrialization goals. In June, the African Export–Import Bank (Afreximbank) appointed Dr. George Elombi as President and Chairman of the Board of Directors, succeeding Professor Benedict Oramah after nearly a decade of leadership. Under Dr. Elombi, the bank aims to scale into a $250 billion institution and serve as a key enabler of investment in Africa’s mining sector.

    The African Development Bank (AfDB) also elected new leadership in May, appointing Sidi Ould Tah to replace Akinwumi Adesina. The Bank is now expanding its capital base – reaching $318 billion – while pursuing a $25 billion replenishment round and broadening its bond issuance strategy to support infrastructure and industrialization. Leadership changes have also extended to commercial banks. Standard Bank appointed Sim Tshabalala as interim CEO in April, while Absa Group named Kenny Fihla as CEO in March.

    African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.

    At this year’s African Mining Week (AMW), a featured panel on The Investor Perspective – Financing Africa’s Mineral Industrialization will explore how these and other institutions are adapting financial strategies to meet the continent’s infrastructure and beneficiation needs.

    Recent deals underscore the sector’s momentum. In June, Afreximbank signed a $3.8 billion agreement with Gabon to fund manganese and gold trading, energy development and rail infrastructure. It also extended a $25 million facility to Lilium Gold for operations at the Boungou and Wahgnion gold mines in Burkina Faso. Meanwhile, AfDB approved $325 million in financing for Mauritania’s state-owned SNIM to upgrade logistics and equipment for its iron-ore corridor.

    In South Africa, Standard Bank provided $300 million to Northam Platinum for a 140 MW wind power plant, ensuring long-term energy security for mining operations. It is also co-financing a $38.5 million deal with Lotus Resources for the Kayelekera Uranium Project in Malawi. Absa Bank is backing Angola’s Longonjo Rare Earth Project – operated by Pensana – with an $80 million facility. The project is expected to supply up to 5% of the world’s magnet rare earth elements critical to electric vehicle manufacturing.

    AMW 2025 will bring together African financial institutions, mining stakeholders and international partners to forge new investment alliances and accelerate mining sector growth. Held alongside African Energy Week: Invest in African Energies 2025, AMW is the premier platform for engaging with the full spectrum of Africa’s mining opportunities.

    – on behalf of Energy Capital & Power.

    MIL OSI Africa

  • MIL-OSI United Kingdom: Tailored support for Aberdeen oil and gas workers

    Source: United Kingdom – Executive Government & Departments

    Press release

    Tailored support for Aberdeen oil and gas workers

    Around 200 oil and gas workers in Aberdeen and Aberdeenshire will be offered tailored support to seize clean energy job opportunities.

    • Around 200 oil and gas workers in Aberdeen and Aberdeenshire will be offered tailored support and funding to help unleash the North Sea’s clean energy future
    • new skills pilot will support a fair and prosperous transition by giving workers the tools and support to move into the thousands of high-quality jobs being created in growth industries like offshore wind, carbon capture and hydrogen – delivering on UK Government’s Plan for Change
    • backed by £900,000, the pilot will be delivered in partnership between the UK Government, Scottish Government and Skills Development Scotland

    Around 200 Aberdeen oil and gas workers are set to benefit from a tailored skills programme launched today (Wednesday 23 July), which will support them to take advantage of the high-quality job opportunities in Scotland’s growing clean energy sector.   

    The Oil and Gas Transition Training Fund, backed by £900,000 of UK Government funding, will help build the pipeline of skilled workers needed to make Britain a clean energy superpower as part of the government’s Plan for Change. 

    The programme is open to current and former oil and gas workers who live in or are employed in Aberdeen or Aberdeenshire, and are interested in moving into roles within clean energy, to take advantage of the thousands of high-quality jobs being created in the clean energy growth industries of the future.

    Successful applicants will receive careers advice and funding towards training courses – supporting local people into opportunities in sectors such as offshore wind, hydrogen and carbon capture and storage, which could include roles in welding, electrical engineering, and construction.

    This underscores the government’s commitment to unleashing the North Sea’s clean energy future and putting workers, communities, families and trade unions at the heart of a prosperous and sustainable transition for oil and gas.     

    Aberdeen is a key growth region for clean energy and is the headquarters of Great British Energy, alongside a thriving offshore wind and carbon capture industry. It is estimated that the offshore wind sector could support up to 100,000 direct and indirect jobs in Great Britain by 2030, with many jobs expected to be generated in other growth areas.  

    The programme will be delivered in partnership between the UK Government, Scottish Government and Skills Development Scotland. 

    Minister for Energy Michael Shanks said:

    Aberdeen has been the energy capital of Britain for decades and while oil and gas will be with us for decades to come, we are determined to make sure that workers are supported to access the thousands of jobs in industries such as offshore wind and carbon capture.  

    This funding will help deliver a fair and prosperous transition in the North Sea, unlocking the full potential of renewable energy and reaping the economic benefits from the skills and experiences of Aberdeen’s workforce.

    Secretary of State for Scotland Ian Murray said:

    It’s great news that this vital skills training in Aberdeen is now going live. We are absolutely committed to supporting Scotland’s world-class oil and gas workers as we transition to clean energy.  

    This pilot will ensure there is a key role for our offshore workers in delivering our net zero future.

    Cabinet Secretary for Climate Action and Energy Gillian Martin said: 

    The North East of Scotland has long been a titan in the oil and gas industry and the expertise within our workforce must be at the heart of driving a just transition to new fuels and sustainable energy. 

    This new Oil and Gas Transition Training Fund will support offshore workers to take on roles in the sustainable energy sector and has been designed and developed by the Scottish Government, supported by funding from UK Government’s Regional Skills Pilot for Aberdeen and Aberdeenshire, and will be delivered by Skills Development Scotland. 

    Through initiatives such as the Just Transition Fund and the Energy Transition Fund, the Scottish Government has already invested £120 million in the North East’s transition to net zero to help create green jobs, support innovation, and secure the highly skilled workforce of the future.

    Skills Development Scotland Chair Frank Mitchell said:

    Scotland’s oil and gas workforce possesses a broad range of skills and experience which is vital to the continued growth of the renewable energy sector. 

    The shift to sustainable energy generation and transmission represents a generational opportunity, and this funding will assist workers in making the most of their expertise in that growing sector. 

    Our careers advisers are available for anyone who needs support in considering their options, or whether applying for the fund is right for them.

    This builds on previous government action to drive investment and deliver the next generation of good jobs for North Sea workers, including: 

    Oil and gas workers are also benefitting from the Energy Skills Passport, in collaboration with industry and Scottish Government, which helps workers to identify routes into several roles in offshore wind including construction and maintenance. This will also be expanded to include more clean energy sectors over time. 

    The Aberdeen pilot is part of the Department for Energy Security and Net Zero Regional Skills Pilots. Funding has already been given to Cheshire West and Chester, North and North East Lincolnshire and Pembrokeshire to identify skills support that is needed in their area. These areas will be considered for further funding for targeted measures. The Aberdeen pilot did not receive funding as part of Phase 1 of the Regional Skills Pilot as extensive skills mapping for Aberdeen and Aberdeenshire has already been undertaken. 

    Sue Ferns OBE, Senior Deputy General Secretary at Prospect union said:

    This is an important announcement which recognises the vital need for more support for workers transitioning away from carbon-intensive jobs. 

    We will only be able realise the government’s ambitious decarbonisation agenda through investing in the workforce in the energy sector, and the progression of these skills pilots is a welcome signal of intent to better support workers to re-skill. The transition will be different for different workers, so it is welcome that this intervention offers flexibility in what training courses will be funded. 

    As the sector continues with the transition it is vital employers are also held to account for helping their workers gain the necessary skills and training, and unions will be working with the Government to ensure employers step up to the plate and provide further support to transitioning workers.

    Katy Heidenreich, Director of Supply Chain and People at Offshore Energies UK said:

    Aberdeen’s integrated energy workforce has the expertise that’s essential for the offshore energy we need today and for the roll out of renewable energy alongside it.  

    The UK’s energy workers have a proud heritage and hold high value jobs in oil and gas, which the nation needs for decades to come.  

    This world-class expertise is essential for building a low carbon, high growth energy future and it’s critical government and industry work together to secure it.

    Russell Borthwick, Chief Executive at the Aberdeen and Grampian Chamber of Commerce said: 

    The North East of Scotland will be the engine room for the UK’s energy transition. As we pivot from oil and gas to renewables and new technology it’s vital that our workforce is leading that process – not left behind.  

    We welcome investment in the skills needed to unlock the opportunity ahead. Matching these skills with sustainable career paths will depend upon a strong future pipeline of projects, a stable policy landscape and a clear consensus between industry and government on the direction of travel.

    Case study

    Many oil and gas workers have already made the transition. Aishawarya Lakshmanann started as an electrical engineer in oil and gas in Aberdeen, before moving into clean energy and is now working for Ocean Winds on an offshore wind farm. She said: 

    Being able to lead a sustainable life has always been my dream and is what drove me towards the renewables sector.  

    As an engineer I worked in the oil and gas sector from 2018, and it made me rethink how we use our natural energy resources. The UK’s thriving renewable energy sector aligns perfectly with my life and career goals.  

    My transition from oil and gas into renewables has been hugely beneficial for me, allowing me to build a more sustainable life and make a positive impact on the issues we face globally.  

    The idea of creating a carbon neutral world fascinates me as an engineer and working for a major offshore wind company is providing a great place to learn and grow alongside brilliant minds. It’s great to see the funding announcement from UK government to support others to make the transition.

    Notes to editors

    The Aberdeen and Aberdeenshire Regional Skills Pilot was announced in January.

    The Regional Skills Pilot comes from the Office for Clean Energy Skills Fund and has been awarded to the following regions: 

    • North and North East Lincolnshire-Midlands Net Zero Hub hosted by Nottingham City Council 
    • Cheshire West and Chester – North West Net Zero Hub – overseen by Local Enterprise Partnerships and Combined Authorities in the North West 
    • Pembrokeshire – Welsh Government  *Aberdeen and Aberdeenshire- Scottish Government. 

    To be eligible, applicants must be resident or work for an employer in the oil and gas sector with an office in the Aberdeen City or Aberdeenshire area or have worked in the oil and gas sector within the last 2 years. 

    Further information regarding eligibility and how to apply can be found at: Oil and Gas Transition Training Fund.

    Up to 100,000 jobs supported by offshore wind in Great Britain by 2030: This includes direct and indirect jobs. Information on the methodology underpinning this estimate can be found here: Job estimates for wind generation by 2030: methodology note

    North Sea oil and gas production is in natural decline, with a 72% reduction in production occurring between 1999 and 2023, so embracing clean energy is the route to the jobs and investment of the future.  

    This natural decline of oil and gas in the North Sea is already having an impact on jobs and will continue to do so. ONS figures show that direct jobs in oil and gas extraction fell by around a third between 2014 and 2023, despite ongoing domestic licensing and production.

    Updates to this page

    Published 23 July 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Pilot to support oil and gas workers in the North East

    Source: Scottish Government

    Oil and Gas Transition Training Fund launched.

    Oil and gas workers in the North East will be able to access tailored support to help them transition into the sustainable energy sector thanks to a new programme launched today. 

    The Oil and Gas Transition Training Fund will enable successful applicants to access careers advice and funding for training to move into sectors such as offshore wind, onshore wind, hydrogen and carbon capture. 

    It is expected to support around 200 oil and gas workers in Aberdeen and Aberdeenshire to build the skills needed to access sustainable energy jobs and has been designed and developed by the Scottish Government, working in partnership with UK Government’s £900,000 Regional Skills Pilot for Aberdeen and Aberdeenshire. The fund will be delivered by Skills Development Scotland and has been supported by an additional £40,000 from the Scottish Government.

    Through initiatives such as the Just Transition Fund and the Energy Transition Fund, the Scottish Government has already invested over £120 million into transitioning the North East to net zero by creating green jobs, supporting innovation, and securing the highly skilled workforce of the future.

    Cabinet Secretary for Climate Action and Energy Gillian Martin said: 

    “The North East has long been a titan in the oil and gas industry and the valuable expertise within our workforce must be at the heart of the transition to new fuels and sustainable energy.

    “This new Oil and Gas Transition Training Fund will support offshore workers to take on roles in the sustainable energy sector and has been designed and developed by the Scottish Government, supported by funding from UK Government’s Regional Skills Pilot for Aberdeen and Aberdeenshire, and will be delivered by Skills Development Scotland.

    “I am determined to ensure a positive impact and powerful legacy of Scotland’s clean energy revolution which benefits communities across the North East of the country.”

    Skills Development Scotland Chair Frank Mitchell said:

    “Scotland’s oil and gas workforce possesses a broad range of skills and experience which is vital to the continued growth of the renewable energy sector.

    “The shift to sustainable energy generation and transmission represents a generational opportunity, and this funding will assist workers in making the most of their expertise in that growing sector.

    “Our careers advisers are available for anyone who needs support in considering their options, or whether applying for the fund is right for them.”

    UK Government Minister for Energy Michael Shanks said:

    “Aberdeen has been the energy capital of Britain for decades and while oil and gas will be with us for decades to come, we are determined to make sure that workers are supported to access the thousands of jobs in industries such as offshore wind and carbon capture.  

    “This funding will help deliver a fair and prosperous transition in the North Sea, unlocking the full potential of renewable energy and reaping the economic benefits from the skills and experiences of Aberdeen’s workforce.” 

    Background 

    Further information on eligibility and how to apply can be found at: https://transitiontrainingfund.scot/

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: STEP talks fusion energy careers with local students

    Source: United Kingdom – Executive Government & Departments

    News story

    STEP talks fusion energy careers with local students

    Students explored careers in fusion energy as STEP partnered with Bassetlaw District Council for Jo White MP’s Summer School in Worksop and Westminster.

    Jo White MP talks to Summer School participants. Image credit: UK Industrial Fusion Solutions Ltd.

    Young people got hands-on with the future of clean energy last week, as the STEP team hosted a workshop, in partnership with Bassetlaw District Council, to kick off Bassetlaw MP Jo White’s Summer School. 

    Hosted at The Bridge Skills Hub and Fusion Energy Café in Worksop on Friday, students got the chance to explore the ongoing transformation of the West Burton site, ask big questions about fusion energy, and meet the people already helping to deliver the STEP programme. 

    The students heard directly from STEP employees about their own career journeys into the industry, from engineering and science to communications and project management, and discussed how a project like STEP will require people of all talents and backgrounds to succeed. 

    Then on Monday the students started their week in Parliament, as part of Jo White’s Summer School, where they took part in a mock Select Committee session. 

    They put their questions to STEP’s Head of Communications Ben Bradley, alongside representatives from government and industry, grilling them on the progress of the STEP Programme and the opportunities it will create locally, as well as the wider clean energy sector. 

    STEP Head of Communications Ben Bradley said:

    Part of STEP’s mission to develop our prototype fusion energy power plant is about the benefit we can bring to communities and economies across North Nottinghamshire, Lincolnshire and the wider East Midlands, so it was great to engage with talented young people and discuss the opportunities of the programme.

    We hope that some of these local young people will be part of the future workforce that delivers the mission to commercialise fusion energy at STEP – and changes the world!

    The event at the Fusion Energy Café and The Bridge Skills Hub was hosted by Bassetlaw District Council and marks a growing relationship between STEP, based at West Burton in North Nottinghamshire, and surrounding local communities.

    Bassetlaw MP Jo White said:

    When I stood for election, my commitment to local people was that I would resurrect the summer school that former MP John Mann ran for 11 years. I saw for myself the difference it made with young people.

    It gave them an idea of what they wanted to do with their lives. Parents and grandparents told me that their children went down [to Parliament] as children and came back as adults because they were shown new opportunities and aspirations they would never have otherwise dreamed of.

    Notes to Editors

    The first of its kind, STEP is the UK’s major technology and infrastructure programme to build a prototype fusion power plant that will demonstrate net energy, fuel self-sufficiency and a viable route to plant maintenance.  This will pave the way for the potential development of a fleet of future fusion power plants around the world and the commercialisation of fusion energy.

    We’ll achieve this by producing a prototype tokamak power plant – in an innovative spherical shape – that will demonstrate net energy. That’s why the programme is called STEP: it stands for ‘Spherical Tokamak for Energy Production’.  But STEP is about more than tokamak technology – it’s a huge endeavour encompassing design, site development and construction, alongside supply chain logistics and industry. Fusion research and development has the potential to catalyse new ideas and technologies that will benefit multiple industries and help secure our future on this planet.

    By fusing government and business, inspiration and pragmatism, theory and practice, UK-expertise and international impact, we’re going to realise the step-change that will secure humanity’s bright future. A recent report by AMION, commissioned by local authorities, set out the economic potential of the STEP programme.

    Social media coverage and images from the Bassetlaw workshop event

    To sign-up for updates about STEP, visit: step.ukaea.uk or follow our social channels @STEPtoFusion.

    Updates to this page

    Published 23 July 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Households given freedom and choice with more ways to cut energy bills

    Source: United Kingdom – Executive Government & Departments

    Press release

    Households given freedom and choice with more ways to cut energy bills

    Government sets out plans for a more flexible electricity system, helping working families save on their bills.

    • More support for consumers to bring down their bills, with new ways to take advantage of off-peak, lower electricity prices if they choose 
    • flexible tariffs and technologies allow consumers to shift energy usage to times when it is cheaper 
    • plans for a more flexible electricity system will ensure families benefit from the government’s clean energy mission and Plan for Change

    Households and businesses will be supported with more options to take control of their energy – expanding freedom and choice as the government drives for clean power.  

    The government’s plans for a more flexible electricity system set out today will help working families save on their bills, by supporting those who want to take advantage of low prices when clean energy is abundant. Consumers will have the opportunity to switch to a flexible tariff and use smart appliances to automatically reap the rewards of cheaper power at non-peak times. 

    Many consumers are already protecting their pockets by varying when they use their electricity. Electric vehicle drivers, for example, could save up to £330 per year by smart charging overnight.  

    More households who want to feel those benefits will be supported through the government’s commitments in the Clean Flexibility Roadmap. These include helping electric vehicle drivers get discounts on their electricity when using public chargers at off-peak times, requiring suppliers to make information on smart tariffs more accessible to consumers, and taking the next steps to help consumers access tailored products and services based on their electricity usage. 

    Supporting more consumers to use electricity at off-peak times will also boost the efficiency and resilience of the electricity network, making up to £70 billion in estimated savings on system costs by 2050.  

    This marks a crucial milestone in ensuring consumers reap the rewards of the government’s mission to make Britain a clean energy superpower, which it is driving forward as part of its Plan for Change.

    Energy Minister Michael Shanks said:

    This roadmap gives households and businesses the choice and control over when and how they use their energy.

    The flexible electricity system we are working to build will help make that a reality for consumers across the country, by supporting them to bring down their bills through using new tariffs and technologies.

    In this way we will protect working people’s pockets and ensure they are the first to benefit from our clean power mission.

    Kayte O’Neill, Chief Operating Officer, NESO, said:  

    The journey towards a decarbonised system will bring opportunities for industry and consumers if we can solve the challenges of using the system flexibly. 

    This roadmap provides clear direction for that, setting out the actions needed to increase flexibility across Great Britain and the rewards it will bring.

    Akshay Kaul Director General for Infrastructure Group, Ofgem, said:

    A more flexible energy market will be a real game changer, giving households more control over what they pay for their energy.   

    Small lifestyle tweaks such as programming a dishwasher or tumble dryer to run overnight when costs are low or charging your electric car during high winds can have a material impact on people’s bills.    

    At Ofgem we’re opening up flexibility markets to bring better tariffs and products to consumers to make cheaper bills a reality.

    Stakeholder reaction

    Sarah Honan, Head of Policy at ADE: Demand, said: 

    Industry demanded a step change in leadership to match our ambition – and this roadmap delivers. A dedicated Flexibility Commissioner aligns squarely with our sector’s blueprint for consumer-led clean power.  

    Now, we must place British homes and businesses at the heart of the system; paying them to flex, not paying gas plants to bail us out. That’s how we lower bills, ditch fossil fuel dependency and make clean power by 2030 real.

    Barnaby Wharton, Director of Future Electricity Systems, RenewableUK, said:  

    A secure, affordable and resilient power system based on renewables needs flexibility at its core, to match times when wind and solar are generating with smart demand. 

    This roadmap puts consumers at the heart of that system, empowering households and businesses to take control of how and when they use electricity, so they can save money by using power when it’s cheapest. 

    By embracing smart tariffs and technologies like EVs, modern heating systems and home batteries, and by accelerating the roll-out of more grid-scale batteries and Long Duration Energy Storage alongside renewables, we can build a more agile system which can shift, adapt and respond to demand faster. Scaling up our capacity to store energy is essential to strengthen the grid and enhance the UK’s energy security.

    Naomi Baker, Senior Policy Manager at Energy UK, said: 

    Energy UK welcomes the roadmap as a positive step towards a smarter, more flexible electricity system that passes the lower cost of renewables through to bill payers. We support the comprehensive scope – from the major new technologies (long duration storage, CCUS and hydrogen) that will ensure system resilience, through to the knotty regulatory barriers that limit market access from consumer assets. 

    The UK is already leading the world in creating an energy system with consumers at the heart of it. Today’s publication builds on this with a market-led approach where customer participation is voluntary, attractive and accessible. A smart flexible system will be a win for bills, a win for British jobs and a win for energy security.

    Kelly Butler, Director of External Affairs at BEAMA, said: 

    As long-standing advocates for accelerating electrification, BEAMA welcomes the publication of the Clean Flexibility Roadmap and a commitment not only to track progress but also focus on practical delivery.

    With appropriate lead times for product development, a technology agnostic approach within electrification and a clear connection across consumer facing policies such as EPCs, we anticipate major supply chain investment to meet the challenge.

    With the oversight of a new Flexibility Commissioner, the roadmap has the potential to help grow the sector, and bring increased momentum to delivering flexibility to consumers and businesses through mass market uptake of Energy Smart Appliances.

    Merlin Hyman OBE, Chief Executive of Regen, said: 

    Making our power system more flexible in how we match supply and demand is a key part of clean power 2030 so we greatly welcome the government’s Clean Flexibility Roadmap.

    The roadmap is an important step to bring together reforms needed to unlock the full value of the rapidly developing grid scale storage sector and consumer led flexibility in a coordinated work programme.

    The challenge now is to deliver what is a significant programme of reform of the way our electricity markets and system work to enable a rapid transition to a clean power system and to deliver value to customers.

    Notes to editors

    In December 2024, the government published its Clean Power 2030 Action Plan, which set out plans for a two to three-fold increase in clean flexibility capacity from 2023 levels, to a range of 51 to 66 GW, by 2030. The Clean Flexibility Roadmap, published today, explains how the government, working with Ofgem and NESO, will deliver that commitment.  

    The first steps that will be taken to support a more flexible electricity system as part of the roadmap include:  

    • appointing a Flexibility Commissioner, who will provide leadership over the policy area 
    • establishing ways of working with NESO and Ofgem to hold government and industry to account for delivery
    • setting up an annual forum to track progress

    Policies being delivered as part of this work include Market-wide Half-Hourly Settlement, which will enable energy usage to be billed every 30 minutes, and the Smart Secure Electricity Systems programme, which aims to help people access consumer-led flexibility. 

    All figures included are based on government analysis unless clearly labelled otherwise.  

    The government has today also published:

    • a consultation on consumer engagement in consumer-led flexibility, which explores how more consumers who want to use energy flexibly can be supported to do so, to help optimise and sustain uptake over the short, medium and long term

    • a call for evidence on improving asset visibility, which seeks views on options for improving how distributed energy assets, like heat pumps and electric vehicle charging points, are registered with distribution network operators (DNOs). This aims to reduce administrative burdens for installers, support flexible use of the assets and prevent network infrastructure from being built unnecessarily

    • a response to the call for evidence on energy smart data, which confirms that the government will continue work to consider whether to introduce a smart data scheme for the energy sector. Smart data is the process of sharing customer data – at the customer’s request – with authorised third parties in a secure way. It will help customers access useful, innovative and personalised products and services that cater to their needs

    Updates to this page

    Published 23 July 2025

    MIL OSI United Kingdom

  • MIL-OSI Africa: eThekwini council approves strategy to improve solid waste management

    Source: Government of South Africa

    The eThekwini Municipality has approved the Cleansing and Solid Waste Turnaround Strategy during a special council meeting held at the Inkosi Albert Luthuli International Convention Centre.

    The strategic plan has been developed in line with National Treasury’s Metro Trading Services Reform Framework.

    The new strategy, which was adopted on Monday, will see the transformation of the Waste Management Unit to a Cleansing and Solid Waste Business Directorate, establishing a single point of accountability.

    This change will enable the Executive Director of the Waste Management Directorate to have the necessary responsibility and authority to improve its services and ensure accountability.

    As per the requirements by National Treasury, the strategy is supported by two key documents, including Cleansing and Solid Waste Directorate’s Institutional and Governance Roadmap (A1) and Business and Investments Plan (A2), also forming part of the Metro Trading Services Reform to improve all aspects of the solid waste business.

    According to the report, the institutional reforms focus on improved management and governance, while the Business and Investment Plan focuses on the Waste Business Development Plan.

    The Directorate is also required to develop a Performance Improvement Action Plan (A3) which is due in April 2026.

    “The report states that this will be submitted in due course, as it is a pre-requisite for the Urban Settlements Development Grant, an incentive grant that will be provided during the 2026/27 financial year,” the council said.

    This marks the third major turnaround strategy adopted by the Council under the National Treasury’s Trading Services Reform to improve the performance of trading services, following similar approvals in the Water and Sanitation and Energy sectors.

    “Metros, including eThekwini Municipality, had to first develop a turnaround strategy outlining plans to address structural and investment gaps affecting trading services,” the council said. – SAnews.gov.za
     

    MIL OSI Africa

  • Microsoft knew of SharePoint security flaw but failed to effectively patch it, timeline shows

    Source: Government of India

    Source: Government of India (4)

    A security patch Microsoft released this month failed to fully fix a critical flaw in the U.S. tech giant’s SharePoint server software, opening the door to a sweeping global cyber espionage effort, a timeline reviewed by Reuters shows.

    On Tuesday, a Microsoft spokesperson confirmed that its initial solution to the flaw, identified at a hacker competition in May, did not work, but added that it released further patches that resolved the issue.

    It remains unclear who is behind the spy effort, which targeted about 100 organisations over the weekend, and is expected to spread as other hackers join the fray.

    In a blog post Microsoft said two allegedly Chinese hacking groups, dubbed “Linen Typhoon” and “Violet Typhoon,” were exploiting the weaknesses, along with a third, also based in China.

    Microsoft and Alphabet’s Google have said China-linked hackers were probably behind the first wave of hacks.

    Chinese government-linked operatives are regularly implicated in cyberattacks, but Beijing routinely denies such hacking operations.

    In an emailed statement, its embassy in Washington said China opposed all forms of cyberattacks, and “smearing others without solid evidence.”

    The vulnerability opening the way for the attack was first identified in May at a Berlin hacking competition organised by cybersecurity firm Trend Micro that offered cash bounties for finding computer bugs in popular software.

    It offered a $100,000 prize for so-called “zero-day” exploits that leverage previously undisclosed digital weaknesses that could be used against SharePoint, Microsoft’s flagship document management and collaboration platform.

    The U.S. National Nuclear Security Administration, charged with maintaining and designing the nation’s cache of nuclear weapons, was among the agencies breached, Bloomberg News said on Tuesday, citing a person with knowledge of the matter.

    No sensitive or classified information is known to have been compromised, it added.

    The U.S. Energy Department, the U.S. Cybersecurity and Infrastructure Security Agency, and Microsoft did not immediately respond to Reuters’ requests for comment on the report.

    A researcher for the cybersecurity arm of Viettel, a telecoms firm run by Vietnam’s military, identified a SharePoint bug at the May event, dubbed it “ToolShell” and demonstrated a way to exploit it.

    The discovery won the researcher an award of $100,000, an X posting by Trend Micro’s “Zero Day Initiative” showed.

    Participating vendors were responsible for patching and disclosing security flaws in “an effective and timely manner,” Trend Micro said in a statement.

    “Patches will occasionally fail,” it added. “This has happened with SharePoint in the past.”

    In a July 8 security update Microsoft said it had identified the bug, listed it as a critical vulnerability, and released patches to fix it.

    About 10 days later, however, cybersecurity firms started to notice an influx of malicious online activity targeting the same software the bug sought to exploit: SharePoint servers.

    “Threat actors subsequently developed exploits that appear to bypass these patches,” British cybersecurity firm Sophos said in a blog post on Monday.

    The pool of potential ToolShell targets remains vast.

    Hackers could theoretically have already compromised more than 8,000 servers online, data from search engine Shodan, which helps identify internet-linked equipment, shows.

    Such servers were in networks ranging from auditors, banks, healthcare companies and major industrial firms to U.S. state-level and international government bodies.

    The Shadowserver Foundation, which scans the internet for potential digital vulnerabilities, put the number at a little more than 9,000, cautioning that the figure is a minimum.

    It said most of those affected were in the United States and Germany.

    Germany’s federal office for information security, BSI, said on Tuesday it had found no compromised SharePoint servers in government networks, despite some being vulnerable to the ToolShell attack.

    (Reuters)

  • MIL-OSI Africa: Nigeria’s Lekoil to Showcase Expansion Plans, Environmental, Social, and Governance (ESG)-Driven Growth Strategy at African Energy Week (AEW) 2025

    Source: APO – Report:

    Edward During, Chief Financial Officer, and Sam Olotu, Chief Technical Officer of Africa-focused oil and gas company Lekoil, will join the lineup of industry leaders speaking at African Energy Week (AEW) 2025: Invest in African Energies in Cape Town. Their participation comes as the Nigerian independent continues to make headlines with its rapid project execution, growing investments and increasing involvement in national development and energy transition initiatives.

    Lekoil holds interests in a diverse portfolio of marginal and offshore assets across Nigeria, with a track record that reflects both technical achievement and rapid project execution. The company was part of the consortium that drilled the Ogo-1 and Ogo-1 ST wells in the OPL 310 license offshore Lagos in 2013 – one of the largest offshore discoveries in Nigeria in recent history, with estimated recoverable resources exceeding 700 million barrels of oil equivalent. Building on that early success, Lekoil later acquired a majority stake in the Otakikpo field in OML 11, Rivers State, and brought it into production within just 18 months – setting a new benchmark for speed and efficiency among indigenous operators. Today, the company continues to build momentum at Otakikpo as part of a wider expansion plan to boost output and optimize existing infrastructure.

    Lekoil has also reinforced its commitment to ESG principles, with the company publicly advocating for stronger integration of environmental, social and governance practices across Africa’s energy industry. In January 2025, Lekoil announced a strategic partnership with the Akwa Ibom State Government aimed at unlocking investment across the oil and gas value chain, with additional collaboration in agriculture and community development. The partnership reflects Lekoil’s long-term vision of integrating energy production with local economic empowerment, creating jobs and enabling broader development benefits.

    Lekoil’s leadership has made clear that it aims to serve as a model for how indigenous energy companies can lead the way in delivering tangible socioeconomic impact while meeting national production goals. The independent operator has targeted 250,000 barrels of oil per day in the long term, aligning this ambition with a strategy centered on marginal field development, local partnerships and integrated investment in infrastructure, job creation and regional growth.

    “At AEW 2025, the company’s participation will offer valuable insight into how indigenous firms are not only accelerating field development, but also shaping policy, investment and sustainability discourse across the continent. Lekoil is expected to provide updates on its expanding project pipeline, strategic partnerships and its approach to navigating both legacy challenges and the demands of a just and pragmatic energy transition. As Nigeria looks to scale up production and unlock the potential of its untapped reserves, Lekoil’s trajectory serves as a compelling example of what’s possible when local capacity is matched with focused leadership and collaborative investment,” says NJ Ayuk, Executive Chairman, African Energy Chamber. 

    – on behalf of African Energy Chamber.

    About AEW: Invest in African Energies:
    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

    Media files

    .

    MIL OSI Africa

  • MIL-Evening Report: View from The Hill: Nationals’ mavericks ensure the Coalition is the issue in parliament’s first week

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    For almost as long anyone can remember, the Nationals have caused the Coalition grief on climate and energy policy. Still, for Barnaby Joyce to bring on a fresh load of trouble – with a private member’s bill to scrap Australia’s commitment to net zero emissions by 2050 – in Sussan Ley’s first parliamentary week as opposition leader was beyond provocative.

    And for Michael McCormack to support him reinforced the impression the Nationals don’t give a fig about the wider interests of a Coalition confronting very dark days.

    The bill will go nowhere but the issue will tear at the opposition.

    Both Joyce and McCormack are former leaders, and they are former rivals. In 2021 Joyce overthrew McCormack as leader. McCormack used to be a supporter of net zero. Joyce, a deputy prime minister, did a deal with then prime minister Scott Morrison for the Nationals to back net zero before Morrison went to the Glasgow COP conference in 2021. The Nationals are their own game of snakes and ladders.

    Now Joyce says he never supported the net zero target – which is sort of correct, because his own position during that deal (involving the trade off of promised huge infrastructure spending) was near impossible to fathom.

    On why stir the issue in the first parliamentary week, Joyce says, “Now is the time, when the agenda has not been set”.

    McCormack says he supported net zero in 2021 because Australia was suffering the trade restrictions imposed by China and needed to expand its exports to Europe, where many countries required the commitment. The farmers in his Riverina electorate wanted him to support it, he says.

    Despite disclaimers, this undermines the authority of Nationals leader David Littleproud, already weakened by the events around the temporary split in the Coalition after the election. The Nationals obtained their several policy demands (that didn’t relate to net zero) but Littleproud came in for a good deal of criticism.

    The Nationals are split over net zero, but it is looking increasingly difficult for those who want to preserve the commitment to hold the line. Joyce says he hopes the numbers are there in the party room to ditch it, and he suspects they are but “I don’t know”. McCormack believes the numbers are there.

    While Littleproud says he is waiting for the party’s own review, under net zero opponent senator Matt Canavan, he suggested the net zero commitment was “trying to achieve the impossible rather than doing what’s sensible”.

    The Liberals are divided too, but those wanting to end the commitment are in a minority. Former frontbencher Jane Hume spoke out on Wednesday, stressing how important the commitment was. “Over and over, the electorate has told us that they want to see a net zero energy future,” she told Sky. “My personal opinion is that this is profoundly important for not just the electorate, but also for our country.”

    But if the Nationals repudiated the net zero target, that would embolden the Liberal critics and probably add to their number. It would drive a wedge into the Coalition, and might be serious enough to split it.

    The Ley critics within the Liberals won’t be shedding any tears over the damage, now and later, that this issue will do her. Neither will Littleproud – it’s well known the two are not close.

    Ley herself can only say the opposition has a working group looking at energy and emissions reduction policy. But she knows this is simply a holding position. It’s impossible to think that the working group, headed by energy spokesman Dan Tehan, can come up with any policy position that unites two diametrically opposed positions.

    Tehan said of Joyce and McCormack, “They’re two steers fighting in the neighbour’s paddock”. The flaw with this dismissal is that the steers are actually part of the broad Coalition herd.

    In the first question time of the new parliament, the opposition wasn’t able to score any hits on the government. The prime minister and other ministers were able to shrug off questions about Labor’s proposed tax on unrealised capital gains on big superannuation balances, and other issues. Energy Minister Chris Bowen had been handed ammunition to deploy against the opposition.

    The overwhelming message of the day was that the opposition had made itself the issue. From the Coalition’s point of view, the problem is this damaging conversation will go on a long time.

    Michelle Grattan does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. View from The Hill: Nationals’ mavericks ensure the Coalition is the issue in parliament’s first week – https://theconversation.com/view-from-the-hill-nationals-mavericks-ensure-the-coalition-is-the-issue-in-parliaments-first-week-261099

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Asia-Pac: Singapore And Malaysia Strengthen Joint Emergency Response To Chemical Spills

    Source: Government of Singapore

    14th chemical emergency response exercise conducted as part of the bilateral co-operation under the Malaysia-Singapore Joint Committee on the Environment (MSJCE)

    JOINT NEWS RELEASE BETWEEN NEA AND DOE

    Singapore, 23 July 2025 – The National Environment Agency (NEA), Singapore and the Department of Environment (DOE), Malaysia, successfully conducted the 14th chemical emergency response exercise at the Tuas Second Link this morning, sharpening the inter-operability between the two countries to respond to and mitigate chemical spillage incidents. A total of 15 agencies and companies from both countries were involved in the exercise [1].

    2               The Malaysia-Singapore Joint Committee on the Environment (MSJCE) conducts a biennial exercise to test the effectiveness of the Joint Emergency Response Plan developed by NEA, DOE, and other relevant agencies for dealing with accidental hazardous chemical releases on the Tuas Second Link [2]. These exercises strengthen the emergency response capabilities of the respective agencies, ensuring that they are prepared to take swift and effective action to protect the public’s safety should such an accident occur.

    3               Today’s exercise simulated an emergency response to hazardous chemicals being released as a result of a multi-vehicle accident along the Tuas Second Link [3]. In the simulated scenario, a truck transporting drums of concentrated sodium hydroxide swerved sideways into an International Organisation for Standardization (ISO) tanker transporting anhydrous ammonia from Singapore to the Pasir Gudang Industrial Area, Malaysia. Unable to avoid the sudden collision, a car then crashed into the truck. The impact caused two drums of concentrated sodium hydroxide to be dislodged and the chemical to be spilled. The ISO tank was punctured, releasing about 400kg of ammonia gas into the surroundings. The drivers of both the ISO tanker and truck suffered injuries and showed signs of ammonia exposure – coughing and irritation to the eyes, nose and throat. The driver of the car and the passenger were trapped in their vehicle with minor injuries.

    4               NEA Chief Executive Officer Mr Wong Kang Jet attributed the success of the exercise to the longstanding and strong bilateral relations between Singapore and Malaysia. “This joint chemical spill exercise has enabled Singapore and Malaysia agencies to further strengthen our cooperation on environmental matters. This exercise is part of a broader set of collaboration that also includes joint regular water quality monitoring along the Straits of Johor as well as workshops to exchange ideas and share expertise. All in, around 500 participants from across 15 agencies from both countries helped with this morning’s exercise. We also had the opportunity to test out newer technologies such as SCDF’s robotic dog, as well as BOMBA’s Long Range Gas Detector. These innovations allow us to monitor the air quality in the incident area in a safer way. The completion of this exercise has also given us greater confidence that we can manage an accident along the Second Link, as well as any other environmental incident with cross border impact. We look forward to strengthening this partnership as well as to explore new opportunities to further increase our collective readiness.”

    5               Director General of the Department of Environment, Dato’ Wan Abdul Latiff Wan Jaffar, stated: “I believe in the strong commitment and collaboration between agencies of both countries in ensuring the success of this exercise, and I am confident that it will continue in the future. This cooperation reflects our level of preparedness in responding to any unforeseen incidents”. The Department of Environment is also committed to strengthening inter-agency collaboration within Malaysia through the delegation of power, which was gazetted on 7 July 2025. This delegation reinforces the roles and functions of 15 agencies, supporting more efficient and comprehensive task execution. This move not only allows for more effective use of resources but also serves as a strategic approach to addressing current challenges, while maintaining integrity and public confidence in the country’s environmental regulatory system.

    6               To facilitate the exercise, all three lanes on the Singapore to Malaysia-bound carriageway on the Tuas Second Link were closed to vehicular traffic on 23 July 2025, from 5am and will reopen at 2pm. We thank motorists and any affected travellers for their patience and understanding.

     

    ——————

    [1] Please refer to Annex A for more information on the MSJCE and the exercise participants.

    [2] To date, there has been no accident involving the transportation of hazardous chemicals on the Tuas Second Link.

    [3] Please refer to Annex B for more information on anhydrous ammonia, concentrated sodium hydroxide, and ammonia gas.

    ~~ End ~~

    For more information, please submit your enquiries electronically via the Online Feedback Form or myENV mobile application.

    ANNEX A

    The Malaysia-Singapore Joint Committee on the Environment (MSJCE)

    Background

                The Tuas Second Link was opened on 2 January 1998. As part of the bilateral co-operation programme, the Malaysia-Singapore Joint Committee on the Environment (MSJCE) agreed that road transportation of hazardous chemicals between the two countries should be restricted to the Tuas Second Link. This has ensured that road tankers and vehicles carrying hazardous chemicals do not pass through congested and populated areas in Johor Bahru and Woodlands/Bukit Timah areas.

    2            Hazardous chemicals are often moved between the two countries. Common chemicals transported between the two countries include sulphuric acid, hydrochloric acid and sodium hydroxide. Considering the large amounts of chemicals transported via the Tuas Second Link, it is important to have in place response plans for any accidents or emergencies involving vehicles transporting hazardous chemicals.

    3            Under the auspices of the MSJCE, the Department of Environment (DOE), Malaysia, and the National Environment Agency (NEA), Singapore, together with other relevant agencies, jointly developed an Emergency Response Plan (ERP) to deal with accidents involving transportation of hazardous chemicals on the Tuas Second Link. The ERP comprises the following:

    a) a notification procedure to alert the two countries early on any incident involving release of hazardous chemicals occurring on the Tuas Second Link; and

    b) a response procedure to facilitate and co-ordinate emergency response actions by the agencies of both countries to control and mitigate a release of hazardous chemicals from incidents occurring on the Tuas Second Link.

    4          The ERP will enable emergency response agencies of both Malaysia and Singapore to take quick and effective response actions to minimise the consequences of an accident involving hazardous chemicals at the Tuas Second Link. To familiarise agencies from both countries with the ERP, DOE and NEA regularly conduct joint field exercises. Previous exercises are as follows:

    No. Date of Exercise Organised by
    1 22 Mar 2000 Malaysia: DOE
    2 10 May 2001 Singapore: NEA
    3 19 Dec 2002 Malaysia: DOE
    4 19 Feb 2004 Singapore: NEA
    5 10 Apr 2006 Malaysia: DOE
    6 2 Apr 2008 Singapore: NEA
    7 2 Dec 2009 Malaysia: DOE
    8 28 July 2011 Singapore: NEA
    9 29 Oct 2013 Malaysia: DOE
    10 14 May 2015 Singapore: NEA
    11 15 Nov 2017 Malaysia: DOE
    12 25 Sep 2019 Singapore: NEA
    13 26 Jul 2023 Malaysia: DOE

     

    Participating Agencies / Companies in the 14th Malaysia-Singapore Joint Emergency Exercise for Chemical Spill

    S/N Singapore
    1.
    2.
    3.
    4.
    Immigration and Checkpoints Authority (ICA)
    Singapore Civil Defence Force (SCDF)
    National Environment Agency (NEA)
    Pride-Chem Industries Pte Ltd
    S/N Malaysia
    1.
    2.
    3.
    4.
    5.
    6.
    7.
    8.
    9.
    10.
    11.
    Ministry of Home Affairs (KLN)
    Malaysian Border Control & Protection Agency (AKPS)
    Ministry of Health (KKM)
    Department of Environment (DOE)
    Fire and Rescue Department (BOMBA)
    Malaysian Highway Authority (LLM)
    Malaysia Road Transport Department (JPJ)
    Malaysia Immigration Department (JIM)
    PLUS Berhad
    Royal Malaysian Customs Department (JKDM)
    Royal Malaysian Police (PDRM)
     
    S/N Malaysia
    1.
    2.
    3.
    4.
    5.
    6.
    7.
    8.
    9.
    10.
    11.
    Ministry of Home Affairs (KLN)
    Malaysian Border Control & Protection Agency (AKPS)
    Ministry of Health (KKM)
    Department of Environment (DOE)
    Fire and Rescue Department (BOMBA)
    Malaysian Highway Authority (LLM)
    Malaysia Road Transport Department (JPJ)
    Malaysia Immigration Department (JIM)
    PLUS Berhad
    Royal Malaysian Customs Department (JKDM)
    Royal Malaysian Police (PDRM)
     

     

    ANNEX B

    Information on the Chemicals

    Information on Anhydrous Ammonia
    Physical Description
    ·       Colourless liquefied gas.
    ·       Has a stinging odour and is not flammable.
     
    Health Hazard
    ·       Inhalation may cause severe irritation or burn of the nose, throat and respiratory tract.
    ·       Corrosive to the skin and can cause burns.
    ·       May cause serious eye damage when in contact with the eye.
    ·       Ingestion may be fatal, cause burns and corrosion, severe pain in the throat, esophagus, and stomach.
     
    Industrial Uses
    ·       Commonly used to make fertilisers, household cleaning products and refrigerant recirculating fluid.
    ·       It is also used in many soldering machines for the manufacturing of jewellery.
    Information on Concentrated Sodium Hydroxide
    Physical Description
    ·       Colourless liquid.
    ·       Odourless and not flammable.
     
    Health Hazard
    ·       Inhalation may cause burns of mucous membranes, cough, and shortness of breath.
    ·       May cause severe skin burns and eye damage when in contact with the eye.
    ·       Ingestion can cause severe burns of the mouth and throat, as well as the potential danger of perforation of the esophagus and stomach.
     
    Industrial Uses
    ·       Commonly used in paper manufacturing, chemical cellulose bleaching, chemical industry, petrochemical, textile industry and the making of soap and detergents.
    Information on Ammonia Gas
    Physical Description
    ·       Colourless gas.
    ·       Stinging odour.

    Health Hazard

    ·       May cause serious eye damage when in contact with the eyes.
     
    Industrial Uses
    ·       Commonly used in fertiliser production, chemical manufacturing, water treatment and fuel production.

    MIL OSI Asia Pacific News

  • MIL-OSI Submissions: Energy Sector – Equinor to commence third tranche of the 2025 share buy-back programme

    Source: Equinor

    23 JULY 2025 – Equinor will on 24 July 2025 commence the third tranche of up to USD 1,265 million of the share buy-back programme for 2025, as announced in relation with the second quarter results 23 July 2025.

    In this third tranche of the share buy-back programme for 2025, shares for up to USD 417.5 million will be purchased in the market, implying a total third tranche of up to USD 1,265 million including shares to be redeemed from the Norwegian State. The tranche will end no later than 27 October 2025.

    Equinor announced at the Capital Market Update in February 2025 a share buy-back programme of up to USD 5 billion for 2025, including shares to be redeemed from the Norwegian State, in order to conclude the two-year programme for 2024 – 2025, announced in February 2024. The share buy-back programme will be subject to market outlook and balance sheet strength and be structured into tranches where Equinor will buy back shares for a certain value in USD over a defined period. For the third tranche in 2025, Equinor will be entering into a non-discretionary agreement with a third party who will execute repurchases of shares and make its trading decisions independently of the company.

    Commencement of new share buy-back tranches after the third tranche in 2025 will be decided by the board of directors on a quarterly basis in line with the company’s dividend policy and will be subject to board authorisation for share buy-back from the company’s annual general meeting and agreement with the Norwegian State regarding share buy-back (as further described below).

    The purpose of the share buy-back programme is to reduce the issued share capital of the company. All shares purchased as part of the third tranche for 2025 will thus be cancelled through a capital reduction at the annual general meeting of the company in May 2026.

    Further information about the share buy-back programme and the third tranche:

    The third tranche of the share buy-back programme for 2025 is based on an authorisation granted to the board of directors at the annual general meeting of the company held on 14 May 2025. According to the authorisation, the maximum number of shares which can be purchased in the market is 84 million, of which 67,622,812 remain available per commencement of the third tranche in 2025 (buy-backs made under previous tranches in the authorisation period taken into account). The minimum price that can be paid per share is NOK 50, and the maximum price is NOK 1,000. The authorisation is valid until the annual general meeting of the company in May 2026, but no later than 30 June 2026.

    An agreement between Equinor and the Norwegian State regulates the State’s participation in the share buy-back: at the annual general meeting of the company in May 2026, the State will, as per proposal by the board of directors, vote for the cancellation of shares purchased in the market pursuant to the board authorisation, and the redemption and cancellation of a proportionate number of its shares in order to maintain its ownership share in the company at 67%. The price to be paid to the State for redemption of the State’s shares shall be the volume-weighted average of the price paid by Equinor for shares purchased in the market plus an interest rate compensation, adjusted for any divid

    MIL OSI – Submitted News

  • MIL-OSI Submissions: Energy Sector – Equinor second quarter 2025 results

    Source: Equinor

    23 JULY 2025 – Equinor delivered an adjusted operating income* of USD 6.53 billion and USD 1.74 billion after tax* in the second quarter of 2025. Equinor reported a net operating income of USD 5.72 billion and a net income of USD 1.32 billion. Adjusted net income* was USD 1.67 billion, leading to adjusted earnings per share* of USD 0.64.

    Solid financial results

    • Strong operational performance and production growth
    • Higher US onshore gas production capturing higher prices
    • Stable cost and capex in line with guidance
    • Balance sheet remains robust through lower price environment

    Strategic progress

    • Announced divestment of the Peregrino field in Brazil for USD 3.5 billion
    • Financial close of Bałtyk 2 & 3 offshore wind projects in Poland
    • Empire Wind 1 project development back in execution. Impairments driven by regulatory changes for future offshore wind projects leading to a loss of future synergies on South Brooklyn Marine Terminal, and increased exposure to tariffs

    Capital distribution

    • Ordinary cash dividend of USD 0.37 per share, third tranche of share buy-back of up to USD 1.265 billion
    • Expected total capital distribution of USD 9 billion in 2025

    Anders Opedal, President and CEO of Equinor ASA:
    “We are on track to deliver production growth in 2025 in line with our guidance. Strong operational performance and Johan Castberg reaching plateau are key contributors this quarter. In today’s volatile markets we stay committed to being a long-term energy provider to Europe.”

    “Last year, we strengthened our onshore gas portfolio in the US and this has created substantial value this quarter, with a fifty percent increase in gas production at prices almost eighty percent higher than the same time last year.“

    “We continue to progress our portfolio in renewables, and the Empire Wind 1 project development is back in execution. We have reached financial close for the Bałtyk 2 & 3 offshore wind projects in Poland at favourable terms, contributing to strong returns.”

    Solid production

    Equinor delivered a total equity production of 2,096 mboe per day in the second quarter, up 2% from 2,048 mboe in the same quarter last year.

    On the Norwegian continental shelf the operational performance was strong. New production from the Johan Castberg field reaching plateau and Halten East contributed. Together, this offset natural decline, impact from the turnaround at Hammerfest LNG and maintenance at the Kollsnes processing plant.

    The acquisition of additional interests in US onshore assets in 2024, and higher production from these assets, contributed to a 28% increase in oil and gas production from US in the second quarter, compared to the same period last year.

    The production from the international upstream segment, excluding US, is down compared to the same quarter last year, due to exits from Nigeria and Azerbaijan in 2024. Higher production in Brazil, and new wells in Argentina and Angola, contributed positively.

    The total power generation from the renewable portfolio was 0.83 TWh. The increase compared to second quarter last year is due to ramp up of power production from Dogger Bank A and new production from the onshore wind farm Lyngsåsa in Sweden which was acquired in first quarter 2025.

    In the quarter, Equinor completed 5 offshore exploration wells on the NCS with 2 commercial discoveries.

    Strong financial results

    Equinor delivered an adjusted operating income* of USD 6.53 billion and USD 1.74 billion after tax* in the second quarter of 2025. The results are affected by lower liquids prices, which were partially offset by higher gas prices and higher production.

    The reported net operating income of USD 5.72 billion is down from USD 7.66 billion in the same quarter last year. This is impacted by an impairment of USD 955 million due to regulatory changes causing loss of synergies from future offshore wind projects and increased exposure to tariffs. Of this, USD 763 million is related to Empire Wind 1/South Brooklyn Marine Terminal project and the remainder is related to the Empire Wind 2 lease.

    Equinor realised a European gas price of USD 12.0 per mmbtu and realised liquids prices were USD 63.0 per bbl in the second quarter.

    Adjusted operating and administrative expenses* are stable from the same quarter last year.

    Strong operational performance generated cash flows provided by operating activities, before taxes paid and working capital items, of USD 9.17 billion for the second quarter.

    Equinor paid two NCS tax instalments totalling USD 6.85 billion in the quarter. From August, the payments of tax on the NCS will be changed to ten installments annually, and for third quarter Equinor expects to pay two installments of NOK 19.7 billion each.

    Cash flow from operations after taxes paid* ended at USD 1.94 billion.

    Organic capital expenditure* was USD 3.40 billion for the quarter, and total capital expenditures were USD 3.58 billion.

    The net debt to capital employed adjusted ratio* was 15.2% at the end of the second quarter, compared to 6.9% at the end of the first quarter of 2025. The calculation of net debt ratio includes the effect of the Norwegian state’s share of the share buy-back, at USD 4.26 billion paid in July.

    Strategic progress

    Since the end of the last quarter, Equinor progressed projects to facilitate long-term production and value creation on the Norwegian continental shelf. The plan for development and operation on Fram South was submitted and final investment decision was made on Johan Sverdrup phase 3 in the North Sea which are expected to increase the recoverable volumes from the field by 40-50 million boe.

    After less than three months in production, the Johan Castberg field in the Barents Sea reached plateau on 17 June. The same month, an oil discovery estimated at approximately 9-15 million barrels was made in the area and can contribute with additional reserves for the field.

    Equinor and Centrica signed a long-term gas sales agreement of 55 TWh of natural gas per year for a period of 10 years, demonstrating the importance of long-term gas supplies from the NCS to support the UK’s energy security.

    Equinor continues to high-grade its international portfolio. In the quarter, the sale of the Peregrino field in Brazil for USD 3.5 billion was announced. Equinor will focus on the start-up of the Bacalhau field expected on stream later in 2025 and progressing the Raia gas project. New exploration acreage in the Santos basin was awarded.

    Financial close was announced on the Bałtyk 2 and Bałtyk 3 offshore wind projects with financing packages totalling EUR 6 billion. The wind projects are located offshore Poland with an expected total capacity of 1.4 GW.

    Competitive capital distribution

    The board of directors has decided a cash dividend of USD 0.37 per share for the second quarter of 2025, in line with communication at the Capital Markets Update in February.

    Expected total capital distribution for 2025 is USD 9 billion, including a share buy-back programme of up to USD 5 billion. The board has decided to initiate a third tranche of the share buy-back programme of up to USD 1.265 billion. The tranche will commence on 24 July and end no later than 27 October 2025.

    The second tranche of the share buy-back programme for 2025 was completed on 17 July 2025 with a total value of USD 1.265 billion.

    All share buy-back amounts include shares to be redeemed by the Norwegian state.

    *For items marked with an asterisk throughout this report, see Use and reconciliation of non-GAAP financial measures in the Supplementary disclosures.

    MIL OSI – Submitted News