Know What's Happening in Energy
Know What's Happening in Energy
Flex to acquire Electrical Power Products for $1.1B
Flex Ltd. agreed to buy Electrical Power Products for about $1.1 billion in cash. The target adds roughly $323 million of annual revenue and a mid‑to‑high‑teens EBITDA margin. Flex expects the acquisition to be accretive to adjusted earnings per share in the first full fiscal year.
Also developing:
By the numbers: Oil majors snap up $164M Alaska oil leases
TU Braunschweig’s Battery Labfactory (BLB) has opened three new pilot systems—a 3D‑printing line for solid‑state electrodes, a dry‑coating pilot, and a tandem wet‑coating line for circular battery production. The €10 million investment, funded by the Federal Ministry’s ForBatt programme, completes a unique German research infrastructure covering the entire battery value chain. These facilities enable cost‑effective, energy‑efficient manufacturing and recycling studies, reinforcing Braunschweig’s role as a national battery‑technology hotspot. The expansion builds on BLB’s decade‑long development of pilot‑scale cell production and circular‑lab capabilities.
South Africa’s renewable sector is poised for rapid expansion as regulators prepare a competitive wholesale market, potentially launching in 2026. Central to this growth is energy wheeling, which uses existing transmission lines to move power from private generators to end‑users,...
Tunisia’s Ministry of Industry, Mines and Energy has opened a tender for a 300 MW solar plant paired with a 150 MW/540 MWh battery storage system near Bazma, covering 440 ha in the south. The bid deadline is 14 October 2026. This follows earlier initiatives, including...
2019 Berkshire Hathaway meeting Warren: "We will put a lot of money into energy... In 10 or 20 years, our record [at BHE] will be looked at and there will be nothing like it." Charlie: "We're in marvelous shape in this department......
Oil prices surged past $100 per barrel before reversing sharply, marking what analysts call the most epic price reversal in oil history. The swing was driven by mixed signals about the U.S.–Iran conflict, including President Trump's comments and hopes of...
Futures across several markets, including agriculture, opened weaker as energy prices corrected following President Trump’s remarks that the Iran conflict may be winding down. Crude fell nearly $8 per barrel amid expectations of strategic reserve releases and possible easing of...
Energy stocks typically fall in absolute terms during an oil‑driven recession but still outperform the broader S&P 500. Historical data shows a three‑month rally after a shock, a four‑month decline, and a relative bottom about seven months later. The 1973‑74 OPEC...
The UK Ministry of Defence forecasts that sustainable aviation fuel (SAF) will cost roughly $1.62 per litre in 2025, rising to $1.81 by 2040, more than double the price of conventional Jet A‑1 fuel, which is projected at $0.56 per...
A new E.ON UK survey of 2,500 adults reveals that 75% of potential homebuyers are more likely to choose a newly built house equipped with solar panels, making solar the most desired low‑carbon feature at 72% preference. Support for mandatory...
Massive Short Cleansing or New Bull Market? Crude May Follow Gas - The invisible hand can be quite efficient in autocorrelated commodities, and crude oil and corn producers may have just received a chance to hedge and bring on more...
Shanghai Zhenhua Heavy Industries (ZPMC) has launched a 126‑metre deepwater multi‑purpose offshore engineering vessel for China National Offshore Oil Corporation’s Shenzhen Offshore Engineering Technology Service. The ship features a 400‑ton crane, a 3,000‑ton cable reel, a 1,600‑HP trencher, a 12‑person...
X1 Wind has secured a DNV Statement of Compliance for the basic design of its X100 floating offshore wind platform. The certification confirms the platform meets international standards for structural integrity, stability and hydrodynamic performance over a 25‑year service life....
Oil is trading at just 26% of its 1950 post‑war real value, making it exceptionally cheap despite a nominal price that has multiplied 38 times since then. The only period it was cheaper in real terms was during the Covid‑19...
UK‑based, AIM‑listed Sunda Energy has secured a Category A environmental licence for its Chuditch‑2 appraisal well in Timor‑Leste’s offshore Chuditch field. The licence, issued on 9 March 2026 and valid until March 2028, follows the submission and endorsement of a detailed environmental impact statement...
HEDGE FUNDS and other money managers had cut bullish positions in U.S. natural gas to the lowest for more than 18 months before the United States and Israel attacked Iran. Even after the attack and the closure of the Strait...
Offshore wind developer Iberdrola’s Aurora Green survey off southern Victoria uncovered two shipwrecks, confirming the long‑lost 1853 iron steamer City of Hobart alongside the known SS Vicky. The 3 GW wind farm, slated to power about 2.25 million homes, is part of...
Nersa has approved an 8.76% electricity tariff increase for Eskom direct customers and a 9.01% rise for municipalities for the 2026/27 financial year, after correcting a major calculation error that originally set rates at 5.36% and 6.19%. The regulator admitted...
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Johannesburg’s City Power assumed municipal electricity billing in July 2025 to address a decade‑long broken system and a R20‑billion deficit. The handover uncovered widespread meter errors, tariff misclassifications and unbilled accounts, prompting a city‑wide audit that recovered about R1.1 billion and...
As the US-Iran war goes on, focus on oil flow and not on oil production: What matters now is exports ex Strait of Hormuz, not well head output in KSA, UAE, Iraq, Qatar and Iraq. Yes, later is deteriorating, but former...
The European Court of Auditors reports that the EU’s citizen‑led energy community programme is lagging dramatically behind its original timetable. While Brussels envisioned these schemes supplying 17‑21% of the bloc’s wind and solar capacity by 2030, the number of active...
LNG spot prices in Asia surged to a two‑year high of $22.50 per mmBtu after strikes closed the Strait of Hormuz, cutting Qatar’s supply. The spike lifted high‑quality 6,000 kcal/kg thermal coal to $129.62 a ton, a 14‑month peak, while European...
Italy’s OLT Offshore LNG Toscana, a Snam subsidiary, has begun commercial small‑scale LNG operations at its FSRU Toscana off Livorno. The inaugural cargo of 4,000 cubic metres arrived on the Green Zeebrugge carrier, marking the first SSLNG service in the country....
The UK government is weighing a reduction or removal of the North Sea windfall tax, a levy introduced in 2022 after the Ukraine war drove oil prices higher. Economists argue that scrapping the tax would not translate into lower household...
𝗪𝗵𝗮𝘁 𝗜𝘀 𝗛𝗮𝗽𝗽𝗲𝗻𝗶𝗻𝗴 𝘁𝗼 𝗢𝗶𝗹 𝗣𝗿𝗶𝗰𝗲𝘀? West Texas Intermediate crude oil (WTI) has recently shown erratic price movements following the military conflict involving Iran. Oil has long been a critical commodity supplied by the Middle East. Because of the geopolitical tensions that...
In this episode of Reuters Morning Bid, Amanda Cooper and Mike Dolan dissect the wild swings in oil prices after former President Trump hinted the Iran conflict could end soon, noting crude jumped $30‑$25 per barrel in a day before...
Mantle8, a European natural‑hydrogen exploration startup founded in 2024, has secured a €2.06 million grant from the EU’s Just Transition Fund. The funding will be used to expand its technology platform in Grenoble, including the HOREX pilot, a new geochemistry lab,...
Data centres are poised to become active flexibility assets for the UK grid as AI-driven demand grows. Research shows that if new data centres operate flexibly just 1 % of the time, they can be integrated without additional power plants, reducing...
Asian nations are tightening fuel policies as the Middle East war curtails global oil supplies. Vietnam responded by lowering import tariffs on select petroleum products and mandating that uncommitted oil be sold to domestic refineries. The civil aviation authority warned...
Large‑scale heat pumps are moving from pilot to commercial scale across Europe, with projects in Austria, Finland and Germany showcasing industrial and district‑heating applications. Turboden’s 12 MW pump for Delfort paper mill cuts 19,000 t CO₂ per year, while Everllence’s 20‑33 MW air‑to‑water...
GridStor has secured a $120 million financing package from NORD/LB and Siemens Financial Services for its 150 MW/300 MWh Gunnar Reliability Project in Hidalgo County, Texas. The funding includes construction and tax‑equity bridge loans as well as letters of credit, marking Siemens’ first...
Hammertech AS, a subsidiary of Nordic Technology Group, has secured a three‑year frame agreement with a leading international oil‑and‑gas services company to supply its AquaField™ Mud multiphase meters. The customer projects an outtake of roughly 90 meters across the contract...
China is strengthening its energy security framework to offset volatility caused by the Iran‑related conflict. The government has expanded strategic petroleum reserves, accelerated domestic renewable projects, and secured new long‑term contracts with alternative suppliers. These moves aim to insulate the...
The UK government has pushed back the implementation of new Energy Performance Certificate (EPC) rules for rented homes to autumn 2027, giving ministers time to refine the overhaul of the Energy Performance of Buildings regime. The revised EPC framework, set...
Archer, the Oslo‑listed oil services firm, secured a three‑year extension on its wireline services contract with a major, undisclosed Norwegian Continental Shelf operator. The extension is expected to generate 7‑9% of Archer’s total Well Services revenue based on 2025 activity...
Nexans has installed a 525 kV mass‑impregnated HVDC subsea cable at a depth of 3,000 meters west of Sicily, breaking its own record from December 2025. The cable, part of a broader offshore grid effort, was tested at 30 % above industry reliability...
The closure of the Strait of Hormuz amid the Iran‑US/Israeli conflict has driven bunker fuel prices to record highs, with IFO 380 averaging $841.50 per tonne globally and Singapore reaching $1,073. At least 20% of the world’s HSFO exports are now...
The Trump-era tax bill stripped $1.5 billion from tribal clean‑energy programs, leaving nearly 1,600 projects underfunded. In response, the Colorado River Indian Tribes launched an agrivoltaics pilot through the new financing entity Huurav, pairing solar panels with crops. Tribes are turning...
Dutch subsea services firm N‑Sea Group signed a long‑term charter with Rederij Groen for the offshore support vessel Dominus, built by PASSER at De Hoop shipyard and slated for delivery in April 2027. The 69.85‑meter vessel will handle 2D/3D seismic, wide‑swath UXO surveys...
The Essential Commodities Act is now active - short supply of LNG gas - impact on petro products - plant shut-downs - Hotels unable to function - all of this has already happened in India in 24 hrs. But Trump is...
Oil bypass pipelines buy time, but don't solve the problem. SPR/IEA release would buy more time, but doesn't solve either. Ultimately, only one thing solves the problem: re-open the Strait of Hormuz. But rather than hitting the wall this...
Saudi Aramco announced full‑year 2025 adjusted net income of $104.7 billion, surpassing analyst expectations despite lower oil prices. The company returned $85.5 billion to shareholders through dividends and a $3 billion share‑buyback, while reporting $136.2 billion in operating cash flow. Crude prices, which fell...
As strikes shake the Middle East and oil prices soar, what are the global ramifications of the US and Israel’s conflict with Iran? 🎥 Tune in LIVE as @TimOBrien discusses with @JavierBlas and @MarcChampion1 Tuesday, March 10 @ 8:30 am EDT...
8 experts express their views about current oil market conditions. 👇👇👇👇 click on the link, then change the language in your browser.
Oil and gas workers are poised to transition into the fast‑growing enhanced geothermal sector, leveraging their drilling expertise. A 2024 DOE report estimates up to 300,000 U.S. workers possess the necessary skills, while the domestic geothermal workforce has risen to...
European gas prices drop after Trump’s effort to calm the market 📉📉 Dutch TTF futures fell as much as 17%, the biggest intraday decline since 2023 Prices had been steadily rising over the last week following the closure of the world’s largest...
Diesel prices have surged, but still far lower than the peaks set during COVID https://t.co/WJoutp3QcO
The comments from Saudi Aramco CEO Amin Nasser on the East-West pipeline, the last (and only partial) line of defence of the oil market against the Strait of Hormuz disruption (other than a SPR release) For background, my @Opinion column from...
fun fact: energy stocks $XLE beat technology $XLK stocks in % returns in the past five years... $XLE +116.1% $XLK +114.8%
HOW OIL COULD SURGE TO $200 AND BEYOND @tracyalloway and I talk with @Rory_Johnston -- typically one of the least-alarmist people in oil -- about how the longer the Straight of Hormuz is shut, the greater the likelihood of an...
Saudi Aramco says it expect to reach full capacity at its East-West pipeline to the Red Seat in next couple of days as oil tankers arrive to load. That’s ~7m b/d (or ~6m b/d above pre-war levels already exported via...
