Know What's Happening in Energy
Know What's Happening in Energy
Flex to Acquire Electrical Power Products for $1.1B, Boosting Power Infrastructure Portfolio
Flex Ltd. announced a definitive agreement to buy Electrical Power Products for approximately $1.1 billion in cash. The target contributes about $323 million of annual revenue and delivers a mid‑to‑high‑teens EBITDA margin. Flex expects the transaction to be accretive to adjusted earnings per share in the first full fiscal year after closing.
Also developing:
KLX Energy Services Holdings reported Q4 2025 revenue of $157 million, in line with guidance, and generated $23 million of adjusted EBITDA, the highest quarterly amount of the year with a 14% margin. The Northeast/Mid‑Con segment delivered a 25.3% adjusted EBITDA margin, driven by strong dry‑gas activity, while the Rockies and Southwest saw revenue declines due to weather and budget constraints. The company cut headcount by roughly 12%, reduced net CapEx, and secured a leverage covenant amendment that keeps the 4.5× limit in place through 2027. Management projects a low‑point Q1 2026 followed by a rebound to $160‑$170 million in Q2.
The Malta-flagged 50k ton Greek-owned tanker and Marshall Is-flagged 74k ton American-owned tanker is on fire in the anchorage off Iraq. It is suspected the ships were hit by Iranian unmanned surface vessels (USVs). The ships were involved...
A federal judge in January 2026 ordered the release of the $5 billion NEVI program funds that had been frozen by the Trump administration. The thaw restores congressional appropriations for a nationwide EV charging network, but the year‑long pause forced states...
The United States will release 172 million barrels from its Strategic Petroleum Reserve over the next 120 days, joining a 400‑million‑barrel drawdown coordinated by the International Energy Agency. The emergency release aims to ease the sharp rise in crude prices...
"Why do wind, water, and solar reduce electricity price? Because they have zero fuel cost. They eliminate the energy and cost needed to mine, transport, and process fossil fuels, including from dangerous parts of the world."
Iran has escalated its rhetoric and threats around the Strait of Hormuz, a chokepoint that moves roughly one‑fifth of the world’s oil and LNG. The move is part of a broader narrative battle with the United States amid the ongoing...
Australia’s Clean Energy Regulator (CER) has permanently suspended Phenix Trading’s registration under the Renewable Energy (Electricity) Act 2000, barring the firm from creating renewable energy certificates. The decision follows earlier bans by New South Wales and Victoria regulators for exaggerated...
The U.S. Treasury’s OFAC announced a favorable licensing policy for resales of Venezuelan oil destined for Cuba, while the Commerce Department’s BIS clarified that the EAR’s License Exception SCP can cover petroleum shipments to eligible Cuban private‑sector and humanitarian end‑users....
President Trump’s decision to intensify military pressure on Iran sparked a sharp rally in global oil markets, pushing U.S. gasoline prices above $3.50 per gallon for the first time in years. The price surge coincided with the lead‑up to the...
Electric Farm Machinery Now Cheaper Than Diesel Equipment Mike Casey is a New Zealand cherry orchardist who electrified every aspect of his farm 5 years ago. He explains how that has grown his profits. Will e-farming work in Canada? #cdnpoli https://youtu.be/L5pn5d9v2Lw
An oil tanker near Iraq's Umm Qasr port caught fire, with early reports indicating a possible direct attack on the vessel. Witnesses said multiple tankers were ablaze, suggesting a coordinated incident. The event adds to a series of recent assaults...
South Portland, Maine’s first year of fenceline monitoring revealed benzene concentrations above state limits at two petroleum tank farms—Citgo and Buckeye Partners. The Citgo site averaged 2.18 µg/m³ (limit 1.28 µg/m³) and Buckeye peaked at 3.05 µg/m³, with a short‑term spike of 11.8 µg/m³...
The International Energy Agency (IEA) announced a coordinated release of 400 million barrels of oil from the strategic reserves of its 32 member nations, the largest emergency drawdown in its history. The move is designed to offset the abrupt loss of...
BP announced a $21 million bid for a single offshore lease block in the U.S. Gulf of Mexico. The purchase stands out in an otherwise muted lease sale that has attracted limited interest from other operators. The transaction comes as geopolitical...
President Donald Trump announced that the United States will draw 172 million barrels from the Strategic Petroleum Reserve over the next four months, the first release since 2022. The move comes as the U.S. and Israel’s conflict with Iran has pushed...
The West Virginia Public Service Commission revisited its August 2025 rate‑case ruling for AEP’s Appalachian Power and Wheeling Power, raising the approved revenue increase to $91 million—just 36 % of the original $250 million request—and setting the allowed return on equity (ROE) at 9.25%....
China is intensifying its drive for energy self‑sufficiency by accelerating investments in low‑carbon technologies such as solar, wind, batteries and electric vehicles. The ongoing war in the Middle East, which has disrupted oil and gas imports, underscores Beijing’s anxiety over...
The Gulf conflict has jolted oil and gas supplies, reinforcing the long‑term economic case for clean‑energy projects. Yet the immediate fallout—rising inflation and tighter credit—could choke funding for low‑carbon initiatives. Analysts warn that the war’s duration and the speed of...
Oil is the only commodity that is used in every single sector of the US economy. It is a commodity like no other. So it really matters how long it stays elevated, and when I say elevated, anything north of...
Yamal LNG, Russia’s Arctic liquefied natural gas project, has announced that its current cargoes will be shipped exclusively to European markets. This decision comes despite a surge in Asian demand driven by the Middle East conflict and the restart of...
G7 leaders reaffirmed their commitment to Russia sanctions while confronting the ripple effects of the U.S.–Israeli conflict on Iran and global energy markets. They agreed to deepen coordination with Gulf partners to safeguard shipping lanes and stabilize oil supplies. A...
Final comment on IEA release: If the shortfall is such that it requires a 400 million barrels release, surely demand measures should had been approved too: fuel switching (oil-to-coal, gas-to-coal); societal behaviour (lower highway speed limits, lower AC/heating use), and...
How a Smart Thermostat Can Save Billions for BC Hydro - and Consumers Catherine Jefferey, energy policy advisor, @cleanenergycan , B.C. about a new report, "Distributed Energy Resource Potential Study." bcpoli #cdnpoli https://youtu.be/OPFL9Rdg9u4
Birchcliff Energy filed its audited 2025 financial statements and annual information form, confirming record annual average production and a significant reduction in debt. The company reaffirmed its 2026 guidance, emphasizing an unhedged exposure to natural gas, oil and NGLs and...
Energy stocks are leading the market again, yet many investors still think this is just a short-term trend. It’s not. Here is an important reminder: Most oil companies are generating free cash flow near historical highs with WTI above $80. This likely marks the...
Former Premier Glen Clark Leads Discussion of BC Electrification Jae Mather and I were the other two panellists. Great discussion...sometimes a little feisty. Interesting insights into BCH from Clark. #bcpoli #cdnpoli https://youtu.be/dvR8OjC4Te4
Peak Energy and RWE Americas are launching the first sodium‑ion battery storage pilot on the Midcontinent Independent System Operator (MISO) network in eastern Wisconsin. The passively cooled system, branded GS1.1, promises to cut the lifetime cost of stored electricity by...
Germany’s Texxecure launches standardized quality rating for PV systems #energysky -- via pv magazine global: https://t.co/KtYvGwXuTl
United States to release 172 million barrels of oil from Strategic Petroleum Reserve: Department of Energy $USO $XLE
The International Energy Agency announced it will release 400 million barrels of oil from members' emergency reserves, the largest drawdown in its history and more than double the 2022 release for Ukraine. The volume represents roughly 20 days of oil...
U.S. details its participation in the IEA coordinated SPR release. Washington will release 172 million barrels over a 120 day period, equal to a flow of ~1.4 million barrels per day.
Reminder: tapping the "Strategic Petroleum Reserve" is just about optics. It has no meaningful impact on the price of Oil because the reserve is so small, only representing 20 days of US Oil consumption (assuming we used it all) and...
Game on. Another strong rally in Colombia’s largest energy producer. Now approaching 4-year highs. Here are a few other similar setups: https://t.co/YcLcY6et8c https://t.co/3oWP9oWMkn
Trump, 2 days ago: oil tanker crews should “show some guts” and sail through the Strait of Hormuz
Carlyle's Jeff Currie lays out a case for why oil and other commodity prices are heading higher, regardless of the exact outcome of the war in Iran. https://t.co/tMKWpSXhYe
Finally, some US SPR detail. Reportedly beginning next week. Still no mention of official flow rate (what really matters), but Sec Wright said the drawdown would last ~120 days which yields ~1.4 MMbpd draw pace. (Biden admin managed ~1 MMbpd max drawdown rate...
Permanent ban for energy efficiency company that falsified claims, misled regulator #energysky -- via Renew Economy: https://t.co/baLK5uJHkt https://t.co/eFAbSFcov3
Building 10 Westinghouse AP1000s Could Give the U.S. a Trillion-Dollar Boost #energysky -- via Heatmap News https://t.co/9JqjtAvsZB https://t.co/TE2KcjKKZS
Oil prices up? This is why we need more pipelines. Oil prices down? This is why we need more pipelines. Oil prices steady? This is why we need more pipelines. Sky blue? This is why we need more pipelines. Dark...
Estonia deploys 105 MW of solar in 2025 #energysky -- via pv magazine global: https://t.co/TCV1EA87FW
#BrentOil Comp Doji Candle and Sideways. Support $84.1, $80, $73.2, $66.8. Resistance $95, $100, $108.2. RSI 70 Overbought. Top Bollinger Band $105.6. Midpoint Line $85.3. Bottom Band $64.9.
There's a lot of amazing coverage on the internal machinations at @Chevron. Follow @Sheila_Dang for all the developments.
So much energy geopolitics, a weekly show is not enough. Check out our new rapid response deep dive on key Iran-related energy questions like this episode’s look at what it would take to reopen the strait of Hormuz. Great...
NEWS: President Trump is preparing to invoke Cold War-era powers to pave the way for renewed oil production off the California coast. The move to summon Defense Production Act authorities is set to preempt state laws & ease permitting for...
President Trump has formally confirmed the US is participating in the IEA emergency oil stock release. “We’ll do that and then we’ll fill it up,” Trump said referring to the Strategic Petroleum Reserve. “Right now, we’ll reduce it a little...
The Strait of Hormuz is turning into the key test of strength between the US and Iran. I've been thinking about what happens if it stays closed for an extended period. My conclusions might surprise you. https://t.co/mPXBo8HuqY
Oil prices sourced to $120 a barrel on Sunday before dropping to $104. As Billy Bob Thornton notes in this TV clip, at $100+ per barrel, "every product in America has to readjust its price"
Fun reminder: the National Energy Program would have locked-in a price of $63+ inflation from 1980 (capped if it exceeded global oil prices) for the Albian Sands oil sands project. If I'm not mistaken, the $80/bbl plus inflation price was...
I've come out of class to learn that the MP for Battle River - Crowfoot has proposed that Canada increase our strategic oil reserves to provide for resilience for oil-dependent regions from disruptions such as those we're seeing today? This...
yes, it did but it was also followed by a complete revolution in how oil prices were set. Before oil companies negotiated a posted price with OPEC. Afterwards OPEC set prices thru production quotas I♥️historical comparisons, but not everything is directly...
