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
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 to become mandatory by 2030, will expand beyond the single headline efficiency score to include thermal fabric performance, heating system efficiency and emissions, smart‑technology readiness, and projected energy costs. Officials say the richer data will help households understand upgrade options, lower bills and emissions, and support the nation’s net‑zero housing strategy. The changes also require an EPC before a property can be marketed for sale or rent, tightening compliance across the market.
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...
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...
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...
Climate‑tech startup Newtrace secured $6.3 million (₹56.93 crore) in a pre‑Series A round. The financing was led by HDFC Bank and Mitsui Sumitomo Insurance Venture Capital, with participation from Peak XV Surge, Aavishkaar, and other investors. Newtrace will use the funds to scale pilot...
Oil prices surged past $100 a barrel after US and Israeli strikes on Iran, reviving inflation concerns and prompting analysts to warn of a dual recession‑inflation risk. Meanwhile, Swift is launching a new cross‑border retail payments framework to improve speed...
Meanwhile, oil’s geopolitical leverage is being systematically vaporized: China alone is in the midst of a $250b green manufacturing spend outside China. To put that into perspective: that's more than the inflation-adjusted Marshall Plan. This is a tidal wave of...
Labour reaffirmed that the United Kingdom’s gas supplies remain secure despite ongoing geopolitical tensions, highlighting a diversified mix of domestic North Sea output, pipeline imports from Norway, European interconnectors, and LNG terminals. Government data show Qatar accounts for only about...
Shares of Indian gas distributors surged after President Donald Trump suggested the Iran war could end soon, easing fears of prolonged Strait of Hormuz disruptions. Petronet LNG jumped nearly 5% to ₹292.30, GAIL rose 2% to ₹152.50, and Indraprastha Gas...
Mideast Gulf naphtha supplies are tightening after Kuwait's KPC and Bahrain's Bapco Energies announced force majeure, removing roughly 560,000 t/month and 167,000 t/month respectively. Additional shipment delays from ADNOC and cargo cancellations by QatarEnergy, alongside drone attacks on Ras Laffan and Duqm,...
Asian LNG buyers are facing a shortage of March cargoes after a war‑related outage at Qatar’s Ras Laffan plant, the world’s largest LNG exporter, tightened global supply. Thailand, Bangladesh, India and Vietnam have turned to the spot market to secure near‑term...
The Port of Newcastle earned a perfect 100 percent GRESB rating, yet 96 percent of its 13 million tonnes of January 2026 exports were coal, highlighting a stark sustainability paradox. In contrast, Kmart announced that every Australian store, distribution centre and office now...
John Authers: “Years go by with less activity in the oil market than we have witnessed in just the first day of this week.” #economy #oil #markets #volatility
India has declined the International Energy Agency’s invitation to tap its strategic oil reserves as a measure to curb soaring crude prices. The country holds about 5.33 million tonnes of underground reserves, roughly 80% of capacity, and reserves them for supply‑disruption...
Fuel jumped up $0.60 cents a liter overnight in Australia because of the conflict in the Middle East. It’s now $2.40 per liter. How much do you? Wonder if this will become part of the ‘new normal’ and if it’s...
U.S. solar installations fell 14% in 2025, though solar remained the largest source of new electricity generation, contributing just over half of added capacity. The decline follows aggressive policy shifts by the Trump administration, including cuts to federal renewable programs...
🚨 Crude Pricea Fall Alert. Top 3 Stocks to Buy Also 1 Multibagger in the end? Watch to Know. #stockmarket #crudeoil #usiranwar #nifty50 #money
Don’t miss the intense psychological warfare and the tug-of-war over the Gulf states accompanying the military conflict. Iran has signalled it would spare Gulf neighbours from further attacks if they distance themselves from hosting US forces, and suggested that vessels...
Orora has completed the first year of operation for its G3 oxy‑fuel glass furnace at the Gawler plant in South Australia. The $130 million upgrade, funded in part by a $12.5 million government grant, has cut natural‑gas use by 32% and eliminated...
Fossil‑fuel companies are spending roughly US$4 billion each year on communications and public‑affairs campaigns, dwarfing the renewable sector’s US$150 million budget by about 27‑to‑1, according to California Energy Commission chair David Hochschild. He highlighted that solar has become the single largest annual...
The first sod has been turned on Octopus Australia’s Blind Creek project, a $900 million DC‑coupled solar‑battery hybrid near Canberra. The facility will combine 300 MW of photovoltaic capacity with a 243 MW/486 MWh battery, enabling solar generation to be stored and dispatched during...
A three‑justice panel of the California First Appellate District affirmed the Public Utilities Commission’s 2022 net‑energy metering 3.0 tariff, which slashes rooftop solar credits by about 75% and replaces full‑retail rate subsidies with cost‑based credits. The court rejected challenges from...
The U.S. dollar slipped after President Donald Trump declared the Iran conflict "very complete," prompting a sharp retreat in oil prices. Brent crude fell to $92.46 a barrel, down from Monday's $120 peak, easing pressure on risk‑sensitive currencies such as...
“Trump saying the Iran war will be over very soon is hardly the reassurance that will get tankers sailing normally again in and out of the Strait of Hormuz,” said Vandana Hari, founder of analysis firm Vanda Insights. Investors could...
The Australian Energy Market Commission (AEMC) has released a draft review that could reshape electricity pricing as rooftop solar, batteries and smart tech cut midday demand. Gavin Dufty of St Vincent de Paul Society cites the Vinnies Tariff Tracker to highlight how current...
JUST IN: Classic turning the tables. Now Iran will be the bad guy for doing anything that hinders oil flows through the Strait of Hormuz. Crude is trading Tuesday morning as if the war is over. The proof will be in...
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...
The Deepwater Development Conference kicked off in Lisbon, highlighting a surge in deepwater activity worldwide. World Oil’s forecast shows a 20.5% rise in deepwater wells across six key countries, far outpacing the 4.8% offshore increase, while production grew 11.2% versus...
Britain is more exposed than other European economies to the latest movements in energy markets due to greater reliance on natural gas. Households are also in a fragile position as energy bills are still 60% higher than before Russia’s full-scale...
Heating oil prices in the UK have trebled in a week. 2 million homes, no price cap protection, no warning. Heat pumps + solar are multiple times more efficient, don’t require an oil tank and oil deliveries and are an insurance...
Woodside Energy has kicked off the Trion drilling campaign in ultra‑deepwater Gulf of Mexico, targeting 24 subsea wells tied to the floating production unit Tláloc. The FPU can process about 100,000 barrels of oil per day, with output stored on...
Having IPO-ed only 6½ years and with a tiny free float, Saudi Aramco announces what effectively is a partial re-nationalisation with a share buyback of up to $3 billion over the next 18 months. That’s going to buy-back ~10% of...
G7 energy ministers are scheduled to hold a video call (involving the IEA too) today to discuss the oil and LNG markets. Yesterday, G7 finance ministers flagged a potential use of the oil SPR. Japan and several other north East...
Borr Drilling Ltd. announced that three of its four jack‑up rigs operating in the Arabian Gulf have been down‑manned following recent regional hostilities. The rigs in Qatar and the United Arab Emirates were placed on standby, and the Arabia III unit...
Oil shocks and crashes: Where are we headed with the 2026 crisis? #oil #solar #EVs https://t.co/YJR9ZPQIRR https://t.co/TQRdwm55nX
Europe's energy vulnerability is contributing to the euro having a worse war than its peers, writes @marcusashworth https://t.co/D2PXb56w3z via @opinion https://t.co/aIh2l1QXUy
Trump, Putin talk of war and peace as US weighs easing Russian oil sanctions https://t.co/XxiEKNK66b
Interesting report on Rosatom > "Western sanctions have posed financial and logistical challenges to Rosatom’s projects, but most projects are staying the course." https://t.co/aqSfqArRIV
This may be tame relative to Monday’s insanity, but let’s just be clear that $6/bbl intraday crude price swings are not the sign of a healthy or settled market. https://t.co/n5HX62ltNm
March 9 (Reuters) - President Donald Trump's administration is considering reducing oil sanctions on Russia to help cool a surge in global energy prices triggered by the U.S. and Israeli war on Iran... according to three sources familiar with the...
Oil and Silver Futures cross back over in the $80's. Can't make this kinda stuff up if you tried. April Crude $85+, May Silver $89+
#Oil’s wildest day ever? Excluding the period when the world was in lockdown while Corona, yesterday marked the largest intraday trading range in history for front-month crude WTI. https://t.co/3P4EB6ZrZ3
Oil spiked to $120 overnight, then crashed back to $89 by evening. The President says the mission is almost done. His Defense Secretary says it could take double the time. 🔒 Members-Only https://t.co/pxfIgCBsxT
“Scale x Duration” the formula you need to understand any energy supply disruption. In the case of Hormuz Scale: the scale is large, 16-20 million barrels per day of crude oil. Duration: ~10 days and counting?
"On the other hand, repealing the Jones Act, which would allow non-U.S. tankers to transport oil between U.S. ports, would immediately have salutary effects" 🔥 https://t.co/mIuRPyAKFY https://t.co/Rcxft259fv
