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
Jharkhand’s GOBARdhan scheme, part of the Swachh Bharat Mission (Grameen) 2.0, has installed 44 biogas plants across 24 districts, directly benefiting 745 rural families. The plants convert cattle dung into cooking gas and organic manure, cutting reliance on firewood and LPG while improving household income. By managing solid waste, the initiative also reduces indoor air pollution and vector‑borne diseases. The state plans to add roughly ten more plants in the next financial year to expand these gains.
$3620/kW for a massive new gas power complex. Combined cycle power plants are apparently now are 3.5x more expensive than they were just a few years ago, even when building multiple at one site (with govt backing). Rethink the idea...
LPG inventories across Vidarbha’s PSU oil firms have plunged, with HPCL and BPCL holding less than a day’s worth of cylinders and IOCL slightly better at 1.4 days plus three days of inbound supply. Panic buying has kept demand robust,...
Arunachal Pradesh inaugurated a 30‑cubic‑metre biogas plant at the Central Cattle Breeding Farm in Nirjuli, converting daily cow‑dung output into clean cooking fuel. The two‑unit system processes 5‑6 quintals of manure each day, supplying biogas to the farm’s residential quarters and...
Gas-fired generation will be squeezed by LNG shortfall Global gas-fired electricity generation is likely to be among the hardest hit sectors following the closure of the Strait of Hormuz and the loss of production as a result of damage to two...
The blog revisits the classic "resource curse" theory, which argues that nations abundant in natural resources often experience slower long‑term growth and weaker institutions. It highlights how traditional petrostates like Saudi Arabia and Russia exemplify this pattern, and then asks...
Prime Minister Narendra Modi highlighted the rapid expansion of the PM Surya Ghar Muft Bijli Yojana, a scheme launched in February 2024 that subsidises up to 40 percent of rooftop solar installations for 1 crore households. He cited success stories from Gujarat,...
Ukrainian drone strikes on the Baltic ports of Primorsk and Ust‑Luga and the Kirishi refinery have knocked out roughly half of Russia's oil export capacity, the most severe disruption since the 2022 invasion began. The attacks, combined with recent seizures...
Oil prices broke the $100‑a‑barrel barrier as renewed Iran‑U.S. hostilities forced the closure of the Strait of Hormuz and threatened the Bab el‑Mandab corridor. The supply squeeze is inflating import bills for emerging‑market economies while boosting revenue for oil exporters.
Larry Kudlow appeared on multiple Fox Business programs on March 27, 2026, warning that escalating Iran tensions could spark volatility in U.S. equities while noting a rally in energy stocks. His commentary set the tone for investors watching the S&P...
The National Stock Exchange of India received SEBI clearance to list Dated Brent (Platts) crude oil futures starting April 13, 2026, under the ticker BRCRUDEOIL. The monthly contracts, running through 2027, aim to give Indian market participants direct exposure to...
Presidential aspirant Faduri Oluwadamilare Joseph of the National Rescue Movement announced he will reinstate Nigeria’s petrol subsidy if elected in 2027. He criticized the 2023 removal under President Bola Tinubu as poorly planned and favoring the wealthy, causing hardship for...
The Houthi rebels fired a second wave of cruise missiles and drones at Israel within 24 hours, signaling deeper participation in the Israel‑Iran conflict. Iran announced that vessels from "non‑hostile" nations, including additional Pakistani‑flagged ships, would be allowed to transit...
PetroChina reported a net profit of 157.3 billion yuan ($22.8 billion) for 2025, a 4.5% decline from the prior year as Brent crude fell to about $68 a barrel, 15% lower YoY. Despite weaker oil prices, the company’s natural‑gas segment lifted operating...
Pre-war Strait of Hormuz flow (crude + products): ~20m b/d. My updated flow assumptions: Iran: ~1.5m b/d (SoH) UAE: ~1.0m b/d (Fujairah above pre-war) KSA: ~5.0m b/d (Yanbu above pre-war) Plus ~1.0m b/d (Non-Iranian SoH tankers) Plus >2.0m...
India shipped 38,000 metric tonnes of petroleum—20,000 tonnes of diesel and 18,000 tonnes of petrol—to Sri Lanka after a call between Prime Minister Narendra Modi and President Anura Kumara Disanayaka. The shipment arrived in Colombo on 28 March 2026, providing...
Looks like next week is heading towards the bear case scenario I highlighted in my weekly report. Bear case (35% probability): The April 6 deadline produces strikes on Iranian energy infrastructure. Iran retaliates against Saudi or UAE oil facilities. Brent breaks...
Since 2000, solar has outpaced all energy sources, rising from 228 GW in 2015 to an estimated 2,919 GW in 2025, now providing about 10% of global electricity. China leads with roughly 1,300 GW and dominates panel manufacturing, while the EU and the...
Australian independent oil producer Santos is accelerating crude deliveries to support domestic refining amid the closure of the Strait of Hormuz, which has disrupted over 20% of global seaborne oil and LNG trade. The company reshaped a 575,000‑barrel Cooper Basin...
House Minority Leader Marcelino “Nonoy” Libanan called on the state‑owned Philippine National Oil Co. (PNOC) to develop coastal petroleum storage facilities in the Visayas and Mindanao, citing the current global fuel crisis triggered by the U.S.–Israeli war on Iran. He...
India introduced export duties of about $0.26 per litre on diesel and $0.36 per litre on aviation turbine fuel, while cutting excise duty on petrol and diesel by roughly $0.12 per litre. The new regime leaves the status of Reliance...
Taking stock 1 month into oil market madness: The stress is in refined products. Diesel Price topping $8 in California is picture perfect 👌
The University of Strathclyde and Japan Marine United (JMU) have signed a Memorandum of Understanding to accelerate the development of floating offshore wind turbines. The partnership will combine Strathclyde’s leading research in wind energy with JMU’s shipbuilding and floating‑platform expertise...
The National Stock Exchange of India (NSE) will launch Dated Brent Crude Oil (Platts) futures on April 13, 2026, after receiving SEBI approval. The contract will be cash‑settled, with monthly settlement based on the simple average of Platts Dated Brent...
India’s PM‑KUSUM scheme has installed over 1 million solar irrigation pumps, proving that decentralized renewable energy can scale in agriculture. The current tender‑driven, state‑led procurement model, however, creates episodic demand spikes and leaves manufacturers and farmers waiting for the next tender...
The upside to Japan’s risk aversion – ample petroleum reserves The Yen has weakened against the US$ since the Iran war drove the oil price higher, but so too has the AU$. Japan imports most of its energy needs, so a...
The plug‑in balcony solar market, pioneered in Ukraine and exploded in Germany, is now entering the United States as households seek portable, low‑cost renewable power. German installations topped one million units in 2023‑24, spurring Enphase to launch a dedicated IQ...
Costco announced its first standalone gasoline station in Mission Viejo, California, slated for public opening by the end of June, with a second site planned for Honolulu in 2027. The move comes as national gasoline prices edge toward $4 per...
Baker Hughes and XGS Energy announced a partnership to develop a 150 MW geothermal power plant in New Mexico that will supply Meta Platforms’ data centers. The project, slated for full operation by 2030, leverages XGS’s closed‑loop technology and Baker Hughes’s...
Vertiv and Generate Capital announced a partnership to provide a combined power‑train, thermal chain and financing solution for data‑center operators. The collaboration, dubbed the Bring Your Own Power & Cooling (BYOP&C) ecosystem, targets North American markets where grid access is...
GridMarket, a power‑strategy firm, has teamed with Arbor Energy to supply 5 GW of baseload, zero‑emission electricity to data‑center operators starting in 2029. The deal leverages Arbor’s 25‑MW HALCYON turbines, promising a faster, modular alternative to traditional power plants and a...
Oil producers in the Permian Basin say organized theft of crude and refined products has escalated into a national‑security concern, with estimated losses running into the billions of dollars. The thefts threaten supply reliability and have prompted calls for stronger...
West Asia hostilities have driven crude oil to record levels, sending U.S. gasoline past $4 per gallon and inflating consumer costs. India responded with a 38,000‑tonne fuel shipment to Sri Lanka and an ethanol push, while the finance ministry warned...
Meralco announced scheduled power interruptions from March 30 to April 1 across parts of Metro Manila, Cavite and Bulacan as it conducts maintenance, line reconductoring, pole replacement and facility relocations. Outages affect residential and commercial districts in Imus, Malabon, Pasig, Makati, Muntinlupa...
The escalating Iranian conflict has pushed crude oil prices above $100 per barrel and raised the specter of a Strait of Hormuz closure, which could choke one‑fifth of global oil flow. Such a supply shock would amplify fuel costs, trigger...
Oil started it. The Fed can't finish it. And two other headwinds that have nothing to do with Iran Full breakdown in new report 👇 https://www.kurtaltrichter.com/p/iran-is-one-problem-this-market-has
As the outbreak of a regional war disrupts global energy markets for the second time in four years, oil & gas importing countries will be motivated to find alternatives; coal, nuclear, renewables and EVs alike, as @bradplumer & Rebecca Elliott...
Exxon Mobil (XOM) surged $5.31 to close at $170.99 on Friday, propelled by a rebound in crude prices and a technical breakout above key moving averages. The rally adds to the energy giant’s momentum after a strong earnings report, a...
Why is the rush into renewable energy not lowering our bills? - The Times and The Sunday Times https://t.co/br5e33MMO9
Latest instalment in the “Miliband is a moron” series Britain’s gas imports to be cut despite energy security threat https://t.co/EsJkZMM8LL
Maersk announced an emergency fuel surcharge on its container services as the Iran‑Israel war drives bunker fuel to near‑record levels. The move follows disrupted Red Sea routes, a temporary suspension of operations at Salalah after a drone attack, and rising...
People now just realising petrol / oil pricing is another extractive government scheme. And they have no plan to cut duty because this ‘crisis’ is far too profitable. Fortunately I only have to drive to see clients occasionally but small...
Navigating the High-Stakes World of Critical Infrastructure & Asset Management with Quarterbac "A persistent headache for leaders of utility or transport orgs is the gap between a shiny ten-year strategy & the reality of what happens at the coal face." https://t.co/yQIc5EL8eD
The Department of Energy convened senior officials at Idaho National Laboratory, with 31‑year‑old lawyer Seth Cohen steering a fast‑track licensing push for advanced nuclear reactors. The meeting underscored a Trump‑era overhaul of nuclear regulation and signaled a potential surge in...
SiteCapture launches AI tool to automate solar field documentation #energysky -- via pv magazine global: https://t.co/Dx7Xtzh9QF
There are no analogues for this energy crisis @MarkHarvey84112 We can only imagine probability distributions & none of them are good I agree with the "think positive part" "Il faut cultiver notre jardin" --Voltaire https://t.co/x0jQ7eaPeA
Form Energy signs 12GWh agreement to supply multi-day iron-air batteries to new US AI data centres #energysky -- via Energy Storage News: https://t.co/CbNoEqSs6H
Across Asia there's barely a country untouched by a severe energy crisis Expensive fuel means expensive food "In a region where millions already live in or close to poverty, we may yet only have a glimpse of how bad things can get."
Entso-E report finds systemic failures behind 2025 Iberian blackout #energysky -- via pv magazine global: https://t.co/n1D5aucAO7
Why BESS insurers are sweating transformers and contractor errors over battery fires #energysky -- via pv magazine global: https://t.co/qk5y3I0eVO
