Know What's Happening in Energy
Know What's Happening in Energy
Flex to acquire Electrical Power Products for $1.1 billion
Flex Ltd. announced a definitive agreement to buy Electrical Power Products for about $1.1B in cash. The acquisition adds roughly $323M 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.
Energean is spending roughly $10 million each month to keep its Israeli offshore assets on standby as the Israel‑Iran conflict drags on, and its $1 billion Katlan gas development could be postponed if hostilities extend beyond May. CEO Mathios Rigas emphasized that the shutdown creates deferred, not lost, revenue and highlighted the company’s $300 million liquidity buffer. The firm also noted that production will rise from 15,000 to 20,000 barrels per day once operations resume, helping offset the delay. Additionally, Egypt’s recent $80 million payment reduces its $250 million arrears, improving cash flow for Energean’s regional gas supply plans.
A liquefied natural gas tanker, identified as the Omani‑flagged Sohar LNG, has become the first LNG vessel to navigate the Strait of Hormuz since the regional conflict began. The ship, which appears to be sailing empty, altered its course to...
Yicai: "Leading Chinese manufacturers of solar modules have raised the prices of their products, as China is lifting the 9 percent rebates on the export value-added tax for photovoltaic products. However even as large manufacturers have raised prices, the market...
Europe’s residential battery fleet is expanding rapidly, with Germany alone installing hundreds of thousands of home storage units. Yet most of these batteries operate only in self‑consumption mode, missing out on lucrative electricity markets. Podero proposes aggregating thousands of modest...
Transmission system operators TenneT and National Grid Ventures have signed a joint development agreement to advance LionLink, a 2‑GW hybrid interconnector linking the UK and the Netherlands via the planned Nederwiek 3 offshore wind farm. The JDA outlines joint procurement, governance...
Valero Energy is leveraging record‑high crack spreads and a 98% refinery utilization rate to generate strong cash flow. Tight global refining capacity, driven by plant closures and regulatory headwinds, gives the company a structural pricing advantage. The refiner’s balance sheet...
Zambia has opened a 300 MW solar photovoltaic tender under its Carbon Feed‑In Premium (CFIP) programme, targeting projects with on‑site battery storage. The Ministry of Green Economy and Environment and the Ministry of Energy invite local and international independent power producers,...
U.S. offshore oil production hit a record 714 million barrels in 2025, the highest output ever from the Outer Continental Shelf. The surge is driven primarily by deepwater projects in the Gulf of Mexico, reflecting years of lease sales, geological studies...
The Office for Nuclear Regulation, the Environment Agency and Natural Resources Wales have finished Step 2 of the Generic Design Assessment for Holtec’s SMR‑300, confirming no fundamental safety, security, safeguards or environmental shortfalls. This clearance removes a major regulatory hurdle for...
The episode examines a tentative resurgence of coal in Europe’s power mix as soaring gas prices—driven by the Middle East conflict—make coal comparatively more economical. Guest Lawrence Walker and analysts Toby Hassel and Firat Elgene explain that while coal imports...
Part 5 of Paul McArdle’s series analyses dispatch error for 84 semi‑scheduled wind farm units at 03:05 on 2 April 2026. The chart shows most units maintaining balanced dispatch error thanks to healthy regional electricity prices, which limited the semi‑dispatch cap’s effect on frequency....
New financing from the European Investment Bank ($1.15 billion) and the Rockefeller Foundation ($10 million) will accelerate the World Bank‑led Mission 300 initiative, which aims to connect 300 million people in sub‑Saharan Africa to electricity by 2030. The funds support a mix of grid...
𝗧𝗵𝗲 𝗻𝗲𝘅𝘁 𝗔𝗜 𝗿𝗮𝗰𝗲 𝘄𝗼𝗻’𝘁 𝗯𝗲 𝘄𝗼𝗻 𝗶𝗻 𝗺𝗼𝗱𝗲𝗹𝘀. 𝗜𝘁 𝘄𝗶𝗹𝗹 𝗯𝗲 𝘄𝗼𝗻 𝗶𝗻 𝗺𝗲𝗴𝗮𝘄𝗮𝘁𝘁𝘀. And right now, one country is moving faster than everyone else. China is not just “going green.” It’s building scale most economies can’t match. What stands out to me is...
Saudi Arabia is pivoting from oil to critical minerals to meet Vision 2030 goals, targeting 30% electric‑vehicle sales and 50% renewable electricity by 2030. Africa, which holds about 30% of global critical‑mineral reserves, is becoming a key supply source. Riyadh has...
Australian Energy Market Operator (AEMO) released a preliminary report on the New South Wales market suspension that occurred on 23 March 2026. The report attributes the seven‑hour outage to a failure in Transgrid’s SCADA network, which caused a total loss of data...
The Australian Energy Market Commission (AEMC) has finalized rules that require customers who permanently abolish their gas connections to pay a cost‑reflective fee, ending state caps that previously spread removal costs across remaining users. Distributors will also be mandated to...
The Australian Competition and Consumer Commission (ACCC) has ordered fuel retailers to pass on the latest federal fuel excise reduction of about 5.7 Australian cents per litre (≈3.8 US cents) as quickly as possible. This follows an earlier 26.3‑cent cut...
What was the purpose of Trump's address to the nation? - He said absolutely nothing that hadn't already been said multiple times in recent days - He offered nothing to sustainably drive oil prices lower and US equities higher - Given the widespread...
China imports the most oil via the Strait of Hormuz but is also one of the best placed to weather its closure. EVs are part of that story. Five years ago China targeted 20% of new vehicles in 2025. They...
Harmony Gold’s $2.4 billion Eva copper mine in Queensland has secured a 15‑year power contract with UK‑based Aggreko to build Australia’s largest off‑grid hybrid renewable facility. The complex will combine a 118 MWp solar farm, a 250 MWh battery storage system and a...
PODCAST: Great to be back at "Odd Lots" with @tracyalloway and @TheStalwart. Lots to discuss linked to the US-Iran war: why oil prices will go much higher to destroy demand, but why expensive fertilizer doesn't mean a food crisis is coming. https://t.co/UoHIl2cOqk
Fuel prices FYI... 50% higher in Australia. Don't shoot the messenger - he drives a $TSLA https://t.co/j1j9ciCW0D
Analysts say the Middle East conflict and rising oil prices will dominate equity sentiment for the week of March 30‑April 3. A thin data calendar and mixed U.S. economic releases add uncertainty, prompting traders to focus on technical support levels and short‑term...
China was ready for an oil shock and now investors are reaping the rewards https://t.co/5KptlsOcOf
SINGAPORE, April 2 (Reuters) - Oil prices climbed more than $5 on Thursday, as President Donald Trump said the United States would keep up attacks on Iran without committing to a specific timeline to end the war, fanning investor...
S&P 500 futures rose 1.1% and Nasdaq futures 1% on Tuesday after a Wall Street Journal report that President Trump may seek to end the Iran war, even without reopening the Strait of Hormuz. The rally coincided with a near‑50%...
Norway's driest winter in years is rippling through electricity markets, slashing hydropower exports to the UK and Germany and pushing Nordic prices higher. https://t.co/wBDNZWRUds
If it were just high oil prices, I’d agree with you @dsharma9 But it’s an economic heart attack The patient may not survive.
JetBlue announced a $4‑$9 increase in checked‑bag fees, raising the first bag to $39 off‑peak and $49 during peak travel. The airline blamed soaring jet‑fuel prices—up more than 80% since the Iran war began—for the hike, a shift that forces...
I said this on CNBC: We have nothing to show in Iran. If Hormuz stays closed, the economic cliff isn’t coming… …it’s already here LINK👇 https://t.co/qI2DWnHRoo #Oil #EnergyCrisis #Hormuz #Geopolitics https://t.co/2u6h1XKHmK
Trump will TRY to make Hormuz someone else's problem @CamachoCap64337 It won't work It was open. He acted. It's closed. No one will touch it.
Applied Computing, Wipro Limited and Databricks have formed a strategic partnership to deliver physics‑informed AI at scale for energy operators across the Middle East, India and Southeast Asia. The trio will combine Applied Computing’s Orbital platform, Wipro’s consulting expertise and...
U.S. intel says Iran isn’t looking for a deal Iran believes it’s winning—or at least not losing—and won’t negotiate on U.S. terms. This war is going to last longer than markets expect. https://t.co/u0K8omoeqU #Iran #Geopolitics #Oil #EnergyCrisis
Wow — look at that long green line of supertankers carrying Saudi oil from the Red Sea straight to Asia. https://t.co/T1XMsEvyI4
Subsea7 secured a substantial subsea installation contract for Chevron’s Aseng Gas Monetization Project offshore Equatorial Guinea. The award covers roughly 19 km of rigid production flowline and 20 km of umbilicals, to be installed in about 800 m water depth, linking the Aseng...
India’s new emissions-reduction plans offer significant investment opportunities in sectors related to grid upgrades and storage batteries, according to one of the country’s largest climate-focused funds https://t.co/JLBiDWCCaC
The world is facing a second energy crisis in less than five years. Is it better prepared this time? Investor Aurore Belfrage joins the Zero podcast to discuss. https://t.co/uXXBROJ3Z7
At the Energy Workforce & Technology Council’s Tucson meeting, offshore and onshore panels highlighted a renewed surge in deep‑water projects and the growing role of AI, automation, and performance‑based contracts in boosting efficiency. Offshore executives cited West Africa, Brazil, Guyana,...
Brent is up $5.70 to $107 since Trump’s speech. The drop to $100 was a roll artifact from May to June, not a real easing. Now it’s pushing back toward the pre-roll $118 level. Trump didn’t change the market—he confirmed what it already...
Federal & state govts now spending >$1billion a month subsidising fossil fuel - 26.3c excise holiday + state-level fuel concessions Meanwhile the only systematic “relief” for non-drivers and EV owners – free or cheap public transport explicitly ruled out
The U.S. Bureau of Land Management’s latest lease sale across Colorado, Nevada and Utah generated $64.8 million from 136 parcels covering 131,121 acres. Utah accounted for the bulk of revenue, delivering $56.4 million from 57 parcels, while Colorado and Nevada contributed $8.1 million...
China's approach to energy security 🇨🇳👇 The southern industrial hub of Guangdong has asked local power producers to rebuild coal stockpiles, curb the use of gas and accelerate the addition of nuclear generation https://t.co/X8azocoeZW
Terrasmart’s latest solar tracker software works for utility and DG projects #energysky -- via Solar Power World: https://t.co/CJ7CwtL3Hn
New Fortress Energy has signed a long‑term lease and capacity agreement for its Terminal de Gás Sul (TGS) LNG import facility in Santa Catarina, Brazil, set to commence in August 2026. The deal is projected to generate roughly $50 million in annual...
UL9540A: Shift to system-level testing defines new edition of key BESS safety standard #energysky -- via Energy Storage News: https://t.co/p3Df0pyuG0
Second-life EV batteries approved for data center microgrid expansion #energysky -- via pv magazine global: https://t.co/VpqivX3GNP
Voltify closed a $30 million seed round, co‑led by Aleph and Fortescue, to deploy a distributed battery‑charging platform that could slash U.S. freight rail energy costs by more than 20%. The funding targets a structural shift away from costly overhead electrification...
"Chinese firms are reselling record volumes of LNG, cashing in on soaring spot prices as China has enough domestic and pipeline gas to meet its own weakened demand, in stark contrast to other Asian buyers scrambling to replace supplies cut...
If we assume that Hormuz remains closed for the next month, which now seems like a pretty solid bet, the barrels not produced by Gulf states thanks to production shut-ins in **April alone** will be roughly equivalent to the entire...
A fair energy system is worth fighting for, but without playing the solar and battery blame game #energysky -- via Renew Economy: https://t.co/tmQRdDH4OQ https://t.co/7jsMC6yOHM
