Today's Energy Pulse
Scania pilots megawatt‑scale V2G for heavy‑duty electric trucks
Scania demonstrated one of the first vehicle‑to‑grid systems for heavy‑duty electric trucks using the Megawatt Charging System (MCS). The pilot showed bi‑directional power flow, allowing trucks parked at depots to feed electricity back to the grid, with real‑time communication between the truck, charger and energy‑management platform enabling dynamic charging and discharging. The test marks a step toward integrating large‑capacity EVs into grid balancing.
Also developing:
Renewables Projects in Oman Near Completion
OQ Alternative Energy (OQAE) announced that its three renewable projects – Riyah 1, Riyah 2 wind farms and the North Solar plant – are on track to deliver 330 MW of capacity by the end of 2026. The developments represent a $230 million investment, with OQAE holding a 51% stake and TotalEnergies owning the remaining 49%. All 36 wind turbines are on site and 95% of the solar PV modules are installed, positioning Petroleum Development Oman (PDO) to source power under long‑term PPAs. Local firms contributed roughly 30% of the project value, underscoring Oman’s growing domestic supply chain.
Oil Companies Evacuate Staff From Iraq
International oil service firms Halliburton, KBR and SLB have evacuated foreign staff from southern Iraq as security deteriorates amid the US‑Israel‑Iran conflict. Iraqi crude output has slumped roughly 60%, falling to about 1.3 million barrels per day after key export routes...
Santos Greenlights Cooper Basin Infrastructure Upgrade
Santos Ltd and Beach Energy have approved the AUD 357 million Moomba Central Optimization (MCO) project, replacing seven aging gas‑run compressors with a single electric unit in South Australia’s Cooper Basin. The upgrade, slated for completion by 2029, aims to debottleneck the...
International Business Briefs | Saudi Arabia Joins Neighbours in Cutting Oil Output
Saudi Aramco has begun curbing output at two fields as the Strait of Hormuz bottleneck from the US‑Israeli war with Iran rattles global oil supplies. Meanwhile, Roche’s breast‑cancer drug giredestrant failed a late‑stage trial, sending its shares down more than...
Hedge Funds Cash In on Oil Spike, Keep Bullish Bet
Hedge funds realise some profits as oil prices climb Hedge funds and other money managers sold Brent futures and options last week to realise some of their profits on former bullish positions as prices surged after the United States and Israel...
Boeing Signs 40,000 Tonne Biochar Carbon Removal Agreement
Boeing has signed a multi‑year agreement with Carbonfuture to purchase at least 40,000 tonnes of biochar‑based carbon‑removal credits. The credits will come from four diversified projects in the Global South, offering long‑term soil sequestration and fertility benefits. This off‑take targets Boeing’s...
How Long Will It Last?
The article examines how the ongoing war in Iran could affect global oil markets, noting that 20% of world oil transits the Strait of Hormuz. While markets have so far responded calmly, a prolonged conflict may tighten supply and lift...
Falling Natural Gas Prices Drive Coal-to-Gas Switching Surge
Falling natural gas prices have revived the fuel’s share in U.S. thermal power generation. Gas now supplies about 72% of the thermal stack, up from roughly 60% a year ago. The surge is driven by a recent dip in spot...
Decarbonizing the Steel Industry: Kraftblock Demonstrates Efficient Waste Heat Utilization at Tata Steel in Jamshedpur
Kraftblock installed a 20 MWh high‑temperature thermal storage system at Tata Steel’s Jamshedpur sinter plant. The unit captures waste heat up to 500 °C from the cooling circuit and can discharge up to 1.8 MW back into the process. It is projected to...
Hello? Calling About a Glut.
IEA chief Fatih Birol told markets there is ample oil, emphasizing that the current challenge is logistical rather than a supply glut. The comment came as a tanker blockage in the Persian Gulf sparked fears of excess inventories. Birol also...
Canadian Natural Calls for More LNG After Record Production Year
Canadian Natural Resources Ltd. reported its best operational year in 2025, achieving record natural gas output driven by liquids‑rich drilling. Despite a volatile market that saw AECO prices swing from negative to over $3 per gigajoule, the company maintained lower...
Midsummer Secures Second Order for CIGS Production Line Equipment
Swedish thin‑film specialist Midsummer landed its biggest contract to date, a SEK 236 million deal for a complete DUO CIGS solar‑cell production line. The order follows a May 2025 SEK 143 million purchase for a 15 MW turnkey line from the same undisclosed Swedish defense...
Build Smarter: Energy Demand Growth Can Benefit Everyone
American Gas Association CEO Karen Harbert argues that rising U.S. energy demand—driven by reshoring and AI—offers a chance to keep costs low if natural‑gas infrastructure expands quickly. She notes that demand has risen nearly 50 % since 2006 while shale has...
Oil Prices Soar to $120 a Barrel as Iran Names New Supreme Leader
Oil prices surged to near $120 a barrel as Iran’s conflict intensified following the appointment of a new supreme leader, then retreated to about $106 for Brent and $103 for WTI. The fighting threatens production and shipping in the Persian...
Closed Hormuz Strait Shifts Oil Risk to Reopening
The Strait of Hormuz is closed. It's not going to get more closed than it already is. All the risk is now on the other side, i.e. when and to what extent it opens. You can bet Trump is very...
Vestas Signs Japan Nacelle Factory MoU
Vestas has signed a Memorandum of Understanding with Japan’s Ministry of Economy, Trade and Industry to establish a wind turbine nacelle manufacturing base. The agreement sets a target for final‑stage nacelle assembly in Japan by fiscal year 2029, with a...
Span Looks to Cut Smart Panel Costs with $75M Eaton Partnership
Smart‑panel startup Span announced a strategic partnership with electrical‑equipment giant Eaton, which includes a $75 million investment. The deal aims to drive down the cost of Span’s $3,500 smart panels by tapping Eaton’s manufacturing scale and its extensive distributor and installer...
Pionix and Lumissil Partner to Slash Time-to-Market for EV-Charger Manufacturers and Enhance Interoperability with EVerest-Powered “ChargeBridge”
Pionix and Lumissil have deepened their partnership to deliver ChargeBridge, a pre‑certified System‑on‑Module that blends Lumissil’s IS32CG5317 Green PHY microcontroller with Pionix’s open‑source EV‑charging software. The module decouples hardware and software, allowing charger manufacturers to accelerate development cycles and simplify...
China Leads Global Nuclear Build, 37 Reactors Underway
Ranked: Countries Building the Most Nuclear Reactors China is also leading in fusion research and has the world's first production thorium reactor Key Takeaways -China accounts for 37 of the world’s reactors under construction—more than all other listed countries combined. -India and Russia rank...
Resource Estimates for Chevron's Aphrodite Raised
Chevron’s Aphrodite consortium announced a 4% uplift in contingent gas resources to 3.67 trillion cubic feet, with low and high estimates now at 2.73 Tcf and 4.59 Tcf respectively. The revision stems from new core‑sample data and the Cyprus government’s approval of the...
INSPIRE Opens Aberdeen Offshore Wind Base
INSPIRE Environmental, a Venterra Group unit, has opened a permanent operational base in Aberdeen to serve offshore wind projects across Scotland, the UK, and Europe. The facility will eventually house about 30 specialists and is co‑located with Oceanscan to streamline...
Hormuz Closure Threatens India's Energy Supply
A 33 km waterway which is 3000 km away from you can decide how much you must pay for petrol, cylinder etc. A 33 km waterway between Iran–Oman called the Strait of Hormuz. 20% of global crude oil passes through this route,...
Iran War Doubles Oil Moves, Halves Dollar Impact
Compared to the 2022 Russia-Ukraine invasion, this Iran war has produced 2x the move in oil, but only 1/2 the move in DXY. This is exactly what I'm talking about playing out - the dollar is structurally challenged. https://t.co/H1VIqKNbr7
House Leadership Files Fuel Excise Tax Suspension Bill; Public Hearing Set Tuesday
House leaders filed HB 8292, allowing the Philippine President to suspend or reduce fuel excise taxes during national or global emergencies, triggered by soaring oil prices linked to Middle East tensions. The bill sets a concrete threshold—Dubai crude at $80 per...
Record Battery Rebates Drive Household Adoption Surge
Battery rebate smashes new record as households pile in – and size up – ahead of changes #energysky -- via Renew Economy: https://t.co/OInkQExpnO https://t.co/MyoXqu61D6
Oil Supply Deletion Drives Prices, Volatility, and Market Stress
$WTI above $100. $VIX above 33. Nikkei down 5.4%. The Strait of Hormuz is effectively closed. Zero tankers transiting. This isn't a supply disruption. It's a supply deletion. And the SPR is at 40-year lows. https://t.co/WaTisWuS4y
India Has Potential in Renewable Energy Manufacturing, Project Exports: MNRE Secretary
India’s Ministry of New and Renewable Energy secretary Santosh Kumar Sarangi said the country has strong potential in renewable‑energy manufacturing, project development and exports as clean‑energy capacity expands. He highlighted a shift from utility‑scale projects to distributed, prosumer‑driven models backed...
Iran's 70% Output Cut Predicts Oil Price Decline
Iran's oil production is down 70%, according to reports. When the fifth largest oil producing country in the world (at 5 million barrels a day) drops like this, we now know what the underlying asset price will do. https://t.co/jRLuiAK0xM
U.S. Gas Prices Hit Highest Since Summer 2024
The national average price of a gallon of regular unleaded gasoline has climbed to its highest level since the summer of 2024 @WSJmarkets https://t.co/6mDhre9ozD https://t.co/UVDG3Mq2Rd
Small 24/7 Clean Power Commitments Could Cut Costs for Long-Duration Storage
Researchers at TU Berlin and Princeton demonstrate that early 24/7 carbon‑free electricity commitments can dramatically lower the cost of emerging clean‑energy technologies such as iron‑air batteries and Allam‑cycle generators, creating a virtuous learning loop. Their model shows that commitments equivalent...
How Energy Crises Begin: Lessons From Iran
My debut in @TheFP - This Is How an Energy Crisis Starts - by Ellen R. Wald https://t.co/8Isvg3TkzQ @ACGlobalEnergy #oil #iran #oott
Bapco Refinery Halts Operations After Iranian Strike
🚨 UPDATE Bapco, Bahrain’s largest oil refinery, suspends operations due to an Iranian strike. https://t.co/QfcbADAAsR
Almost 50% of Electricity Came From Renewable Sources in February as New Peak for Wind Energy Is Recorded
New provisional data from EirGrid shows that renewables supplied 48% of Ireland’s electricity in February, up from 39% in January. Wind power dominated the renewable mix, delivering 41% of total generation and reaching a record 3,898 MW output on 14 February. Gas...
Cobalt‑Free LFP Replaces NMC in Energy Storage
The whole world is moving away from NMC chemistries towards LFP that doesn’t use Cobalt. Long Duration Energy Storage also doesn’t use Cobalt.
The Pipeline: Big Tech’s Data Centre Pledge, NZ Super Gets Real Assets Chief, GIP and EQT’s $33bn AES Deal
Big Tech announced a landmark pledge at the White House to power new data centres with renewable energy, signaling a shift toward greener cloud infrastructure. New Zealand's sovereign wealth fund, NZ Super, created a dedicated real‑assets chief role to sharpen...
EU ‘Made in Europe’ Regulation Welcomed but ‘Will Not Remove Dependency on China’
The European Commission unveiled the Industrial Accelerator Act (IAA), a legislative package aimed at boosting demand for low‑carbon, ‘Made in Europe’ technologies across strategic sectors such as steel, cement, automotive and energy storage. The proposal introduces domestic‑content requirements for public...
Borr Drilling Puts Three Jack-Up Rigs in Arabian Gulf on Standby
Borr Drilling has placed three of its jack‑up rigs on standby in the Arabian Gulf as hostilities flare between the U.S.–Israel coalition and Iran. The rigs operating in Qatar and the UAE were down‑manned, and the Arabia III unit was shut...
Finding the Floor
The Middle East conflict triggered the biggest one‑week jump in oil prices on record, pushing WTI crude above $92 a barrel. At the same time, U.S. economic data revealed the worst monthly job loss since the pandemic, with 92,000 positions...
Pre‑emptive Oil Purchases Could Offset Iran Bombing Price Spike
I don't think you have to Nostradamus to figure that bombing Iran might raise oil prices. And it seems pretty obvious that buying oil in advance of causing an oil price spike might just save Americans a lot of...
Oil Shock Risk‑off Still Incomplete, Metrics Lag
"Historical risk-off moves after an oil shock have generally required at least one of: Large and sustained oil price spike...Hawkish policy response...Broader macro damage:" Deutsche Bank. We're "closer than a week ago, but on several metrics we aren’t quite there...
The ABCs of Electricity Theft: Can Anti-Theft Cables Improve Electricity Service?
Karachi Electric replaced bare low‑voltage wires with aerial bundled cables (ABCs), slashing feeder‑line losses by about eight percentage points and boosting revenue recovery. The upgrade prompted a surge in formal residential connections and higher billed consumption, while power outages fell....
The Iran Oil Shock Could Fuel This Contrarian Bet
Rising tensions with Iran are driving Brent crude above $100 a barrel, sparking fears of a prolonged oil shock. The iShares MSCI Saudi Arabia ETF (KSA), heavily weighted toward oil and financials, has slipped to near five‑year lows despite the...
Discussing How to Bring Oil Below $100
I’ll be coming up on @BloombergTV in a few to discuss zooming #oil prices with @lisaabramowicz1 & @FerroTV Can anything be done to bring oil under $100 in the foreseeable future? @ACGlobalEnergy #oott #Iran https://t.co/hJJBdEoPvU
VAALCO Adjusts Gabon Drilling Plan After Exploration Well Result
VAALCO Energy finished drilling the ET‑14P exploration well at Gabon's Etame field, intersecting 10 meters of high‑quality Gamba sands but discovering a water‑bearing target zone. The lower section of the well will be plugged and abandoned, while the existing bore...
Lamprell, RTE International to Collaborate on Offshore Transmission Projects
Lamprell and RTE International have signed a strategic Memorandum of Understanding to jointly pursue offshore wind transmission projects, focusing on engineering, procurement, construction, and installation of high‑voltage export‑cable systems. The non‑exclusive MoU leverages Lamprell’s offshore foundation and transition‑piece expertise with...
Gavin Newsom Take A Jibe At Trump As Crude Oil Soar Past $100 For First Time In 4 Years: 'We...
Crude oil breached $100 per barrel on March 8, its first four‑year high, driven by tighter inventories, OPEC+ output cuts, and Middle East tensions. The price surge coincided with a political jab from California Governor Gavin Newsom, who mocked former...
Oil Surpasses $100 Amid Middle East Conflict, Markets Unsettled
Capital Markets Remain Unsettled with Oil Above $100: The Middle East war continues to dominate the investment environment. The dollar is firm. Equities are lower. Yields are higher. The disruption of trade through the Strait of Hormuz is forcing oil…...
Exclusive: Ecofy Set to Raise Rs 380 Cr Led by British International Investment
Ecofy Finance, a climate‑focused NBFC, is raising Rs 380 crore in a Series B equity round led by British International Investment. The round includes Rs 220 crore from BII, Rs 70.5 crore from Finnfund, and continued backing from FMO and Green Growth Equity Fund....
Why Gas Prices Rise Today for Oil Bought Weeks Ago
Philippine fuel retailers set pump prices based on the cost of the next shipment rather than the price they paid weeks ago, using a replacement‑cost accounting model tied to the Mean of Platts Singapore (MOPS) benchmark. A mandatory 15‑ to...
Black & Veatch to Provide Engineering Design for Power Plant in Taiwan
Formosa Heavy Industry Corporation selected Black & Veatch to engineer a new 2 × 1.2 GW H‑class combined‑cycle power plant in Mailiao, Taiwan. The gas‑fired facility will replace two coal units whose 25‑year PPA ends in 2025 and is expected to serve roughly 1.8 million...