Today's Energy Pulse
Lower‑48 gas producers boost output despite storage surplus
U.S. lower‑48 natural‑gas operators are adding production capacity even as storage levels remain high. At the same time, spot prices are climbing with summer heat and rising LNG demand.
Also developing:
Pennar Industries Invests $700K for 45% Stake in ZAP91 Solar India JV
Indian engineering firm Pennar Industries announced a $700,000 investment in ZAP91 Solar India Pvt Ltd, a joint venture with Zetwerk, acquiring a 45% stake. The single‑tranche investment is expected to be completed by June 30 2026 and will fund the development of a solar module manufacturing plant in Telangana. The deal expands Pennar’s presence in the solar PV market.
Brent Crude Tops $100, Fuel Hikes Spur RBI Defenses and Rupee Slide
Brent crude surged past $100 a barrel after the US‑Iran conflict, prompting India to raise petrol and diesel prices by about ₹7.4 per litre (≈ $0.09). The RBI adopted a defensive stance as the rupee slipped, while the Philippines faced similar...
Canada Clinches $10 Bn German LNG Offtake for Pacific Coast Terminal
A consortium led by the Nisga'a Nation, Western LNG and Rockies LNG secured a supply agreement with Germany's SEFE for Canadian LNG, clearing a key hurdle for the $10 bn Ksi Lisims export terminal on British Columbia’s Pacific coast. The deal is...
Oil Stockpiles Hit 11‑Year Low, Midstream Dividends Shine for Investors
Global oil inventories have fallen to their lowest level in 11 years, intensifying market focus on energy‑sector financing. Midstream operators Enterprise Products Partners and Enbridge, with yields of 5.5% and 4.8%, are highlighted as resilient dividend plays amid the volatility.
Iranian TV Confirms Draft US‑Iran MoU Lifting Blockade
Iran state television says it has obtained a draft of the Washington-Tehran MoU. Main points for oil: 1) US will lift blockade and withdraw from Iran's waters. 2) Iran will allow commercial vessel transit via Strait of Hormuz to return to pre-war...
Li Qiang Visits SPR Sites, Pushes Reserve Coordination
Chinese Premier Li Qiang casually (😏) paid visit in recent days to four of the country's SPR oil sites, state broadcaster China Central Television reports. And, just in passing (😏) Li also called to improve coordination between strategy and commercial...
BP Ousts Chairman Albert Manifold, Shares Slip 4% as Governance Concerns Surface
BP's board unanimously removed Chairman Albert Manifold on May 26, citing serious governance concerns. The move triggered a sell‑off that saw the London‑listed shares tumble as much as 9% before settling around a 4% decline, raising questions about board stability...
Oil Prices Drop as US‑Iran Negotiations Spur Hopes for Conflict De‑escalation
Brent crude fell 3.6% to $93.22 a barrel and U.S. WTI slid 4.4% to $89.78 as new U.S. attacks on Iranian missile sites coincided with renewed diplomatic talks. Traders see the price plunge as a market bet that Washington and...
EBRD Green Bond Launch and Moody's South Africa Outlook Upgrade Signal Shifts in Global Bond Markets
The European Bank for Reconstruction and Development (EBRD) announced a €4.2 billion ($4.5 billion) financing package for Central Asian energy upgrades and backed Eesti Energia's inaugural green bond, while Moody's lifted South Africa's sovereign outlook to positive, highlighting fresh yield pressures across...
Enlight Renewable Energy Jumps 11% After Securing 15‑Year Google Solar PPA
Enlight Renewable Energy Ltd. (ENLT) saw its Nasdaq‑listed shares climb 11.38% to $102.75 after its U.S. subsidiary, Clenera Holdings, signed a 15‑year fixed‑price power purchase agreement with Google for 200 MWac of solar output from the Solstice project in Oklahoma. The...
Horizon Targets First Production From Poland Gas Project
Horizon Petroleum announced that construction of the Lachowice‑7 well pad in southern Poland will begin in June, with re‑entry and recompletion work slated for July. The company aims to bring the Lachowice gas development online by the first half of...
Uttar Pradesh CM Urges Power Saving Amid Demand Spike
Uttar Pradesh Chief Minister Yogi Adityanath warned residents to curb electricity use as the state faces a sharp demand surge amid soaring temperatures and strained global energy supplies. Peak power demand has climbed to 32,000‑33,000 MW, roughly double the 2017 level,...
India's KPI Green Plans up to $1 Billion Renewable Energy Investment Trust, Executive Says
KPI Green Energy, a Gujarat‑based renewable developer, plans to launch an infrastructure investment trust (InvIT) to raise up to $1 billion by the end of fiscal year 2027‑28. The target raise is 80‑100 billion rupees (≈ $838 million‑$1.05 billion) and the InvIT will bundle 1.5‑2 GW...
Cheaper Power Deals in Visayas Cushion Rising Electricity Costs
Primelectric Holdings’ distribution utilities in the Visayas region announced new electricity rates that are the lowest recorded for May 2026. Bohol Light Company reduced its price by ₱2.0068 per kilowatt‑hour (about $0.036), More Electric & Power Corp cut rates by...
Paraguay Launches First Large-Scale Solar Tender, Marking Historic Shift in Energy Policy
Paraguay’s state utility ANDE has issued its first large‑scale solar photovoltaic tender, targeting a 140 MW plant in Boquerón under the newly enacted Law No. 7599/2025. The project, supported by the World Bank, includes design, construction, operation and a 220 kV grid connection...
Oxford-Based Caudal Energy Lands €4.9 Million to Develop Predictable Renewable Power From Tidal Flow
Oxford‑based Caudal Energy, a University of Oxford spin‑out, announced a €4.9 million (~$5.3 million) funding round led by Oxford Science Enterprises and Empirical Ventures. The company is developing an oscillating‑foil tidal system that can operate efficiently in mid‑flow sites, potentially expanding the...