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
Maraen announced a £30 million (≈$37.5 million) investment to build a new heavy‑duty quay and roll‑on/roll‑off capability at Scotland’s Port of Nigg. The funding follows the 2025 acquisition of Port of Nigg, Global Energy (Group) and Global Energy Services by Mitsui & Co. Europe and Mitsui O.S.K. Lines, consolidating them under the Maraen brand. A £10 million (≈$12.5 million) grant from Highlands and Islands Enterprise will support the 16,000 m² development, enhancing capacity for offshore wind and high‑voltage cable projects. The upgrade aims to cement Nigg as a strategic hub for the UK’s clean‑energy supply chain.
💠The ongoing crisis in the Middle East and its ripple effects on global energy flows serve as a stark reminder of how deeply interconnected our energy systems are — and just how vital reliable, uninterrupted energy supplies are to global...
KazMunayGaz's 2025 earnings rose as Tengiz output jumped 40% to over 850,000 barrels per day, boosting revenue 13% to 9.4 trillion tenge (≈$18 billion). The Chevron‑led $47 billion capacity upgrade launched in January 2025 drove higher production and added $1.14 billion EBITDA from Tengiz...
Market participants are adding bullish options on the Iran conflict as the war shows signs of winding down, according to commentary from recent earnings calls and CLSA research. The shift reflects a broader move to hedge or speculate on geopolitical...
Crude oil surged past $100 a barrel, its highest level since 2022, prompting a wave of volatility across the S&P 500. Analysts warn that higher input costs and inflation risk could weigh on large‑cap energy, industrial and consumer firms.
U.S. and Israeli strikes on Iran have driven Brent crude above $100 per barrel, triggering the sharpest macro‑economic shock in weeks. Energy‑importing economies from Kuwait to Japan face double‑digit GDP contractions, soaring import bills and heightened inflation, while Gulf diversifiers...
Smulders HSM has begun construction of the offshore substation topside and jacket foundation for the East Anglia TWO wind farm in the United Kingdom. The topside is being fabricated at the Stormpolder yard in the Netherlands while the jacket is being...
EPA Administrator Lee Zeldin announced a May 1‑May 20 emergency waiver permitting the sale of E15 gasoline across the United States. The move targets soaring pump prices—now near $4 per gallon—linked to the Iran war and seeks to boost domestic...
Enersea has finished detailed design of two offshore substation jackets—Link 01 and Link 02—for Ørsted’s Hornsea 3 wind farm in the United Kingdom. Each jacket weighs roughly 3,500 tonnes and will support 9,000‑tonne substations, with Link 01 already installed and Link 02 slated for completion by...
Woodside Energy completed its $2.35 billion acquisition of OCI Clean Ammonia and took operational control of the Beaumont New Ammonia (BNA) plant in Texas. The facility, capable of producing 1.1 million tonnes of ammonia annually, began commercial output in December 2025. Lower‑carbon ammonia...
Researchers at the University of Western Ontario tested 13 photovoltaic modules, including semi‑transparent cadmium telluride (CdTe) and low‑transparency crystalline silicon (c‑Si), in field‑scale agrivoltaic trials with turnips. The 60 % transparent CdTe panel delivered the highest fresh root weight (176.5 g) and...
Kawasaki Heavy Industries and JFE Engineering’s joint venture has secured a contract to expand the Sakaide LNG terminal in Kagawa Prefecture. The project adds a 180,000‑kiloliter above‑ground PC tank and associated vaporizers, slated for operation by 2031. The expansion aims...
Key pushback to a blockade is that it might spike oil prices. Iran's 2 million barrels per day could spike oil prices by 20% if they go offline, but - with Brent already up 60% from before the war -...
Petrobras announced an oil discovery in the pre‑salt section of the Marlim Sul field, located about 113 km offshore Brazil in the Campos Basin. The find came from well 3‑BRSA‑1397‑RJS drilled in 1,178 meters of water. Petrobras, which holds a 100 % working...
UK ethanol producer Ensus, a CropEnergies subsidiary, will receive roughly £100 million ($133 million) in government support to keep its 315,000‑tonne‑per‑year ethanol plant in Wilton on standby. The funding secures the plant’s ability to capture up to 250,000 tonnes of CO₂ annually, a...
China’s hydrogen sector is moving from pilot projects to full‑scale commercialization, as highlighted at a recent Beijing conference. Executives and government officials pledged to accelerate deployment over the next five years. The shift signals a coordinated push to build production...
S2G Investments, led by managing director Bala Nagarajan, is targeting "anti‑fragile" energy companies that succeed on pure economics rather than relying on federal tax credits. The firm highlighted Aerones, a robot‑based wind‑turbine blade repair startup, as a model of cost‑effective,...
Nordic data centre power use is set to surge to 28 TWh per year by 2030, about 5 % of regional demand, up from 8 TWh in 2024. Norway has increased its reserved capacity to 3.5 GW and its queue to 5.4 GW, while Finland,...
The UK added 2.5 GW of solar capacity in the 12 months to February 2026, pushing total installed PV to 22 GW – the fastest annual increase in a decade. Large‑scale projects (≥25 MW) drove most of the growth, with CfD‑backed capacity jumping...
In this episode, host Grayson Brulte talks with Stephen Clark, Program Director for Climate and Energy at Ceres, about how data-driven, science‑based strategies are helping utilities and large corporations cut emissions and manage climate risk. Clark explains the shift toward...
CNOOC Ltd reported a record 777.3 million barrels of oil equivalent, equivalent to 2.13 MMboe per day, a 7% increase over the prior year. Crude output rose 5.8% while natural‑gas production surged 11.6%, underpinning profit resilience. Net profit slipped to $17.7 billion amid...
Intertek CEA’s 2025 Global PV Manufacturing Quality Report found that 71% of the more than 340 solar‑panel factories inspected were graded C or D, indicating multiple major or critical defects. No facility earned an A+ rating and only 2% achieved...
Japan’s Nippon Steel Trading and Queensland’s Energreen have launched the Green Biotechnology Solutions joint venture, planting tens of thousands of pongamia trees near Emerald. The initial phase includes 16,000 trees and a commercial nursery, allowing local landholders to grow the...
UAE‑based Mubadala Energy has secured the Southwest Andaman exploration block off Indonesia, marking its fifth concession in the Andaman Sea. The 100% operated production sharing contract under Indonesia’s Gross Split scheme adds to its multi‑TCF discoveries in the deep‑water basin....
OnPath Energy is courting public support for the Glen Water Wind Farm, a 43 MW project in East Ayrshire that will feature six 200‑metre turbines. The scheme includes a $13 million community‑benefits package and a 1% community‑ownership option, aligning with Scottish Government...
DNV released the recommended practice DNV‑RP‑F123, a guideline for designing, operating, and re‑qualifying offshore hydrogen pipelines. The document expands on the legacy DNV‑ST‑F101 standard by addressing hydrogen‑specific integrity issues such as embrittlement and material suitability. Developed through the five‑year H2Pipe...
Crude oil has settled into a modest price equilibrium, relieving some pressure on equity markets. The S&P 500 is hovering near its recent level, having briefly slipped below its six‑month range but staying only 39 points under the 200‑day moving average...
Croatia announced a €40 million ($46.2 million) package to co‑finance residential solar panels, battery storage and heat pumps, targeting up to 15,000 applications. The scheme will cover 50 % of costs, rising to 70 % for households at risk of energy poverty, and is...
Data centre operator Echelon is building Ireland’s first Green Energy Park at its DUB20 campus in Arklow, integrating up to 800 MW of offshore wind, more than 6,000 MWh of onsite solar, and battery storage. The project, part of a €4.2 bn ($4.5 bn)...
Ørsted announced that the first offshore export cable for the Hornsea 3 wind farm has been successfully laid and pulled ashore. The 680 km bundle, comprising two HVDC lines and a fiber‑optic link, is being installed by Jan de Nul and will be completed...
Cochin Shipyard Ltd (CSL) and HBL Engineering Ltd have signed a joint‑venture to create electric‑propulsion and energy‑storage solutions for the maritime sector. The partnership will develop advanced marine batteries, battery‑management systems, electric motors, power electronics and charging infrastructure for both...
CLOU Electronics unveiled the Aqua‑C3.0 Ultra, a 10‑foot liquid‑cooled energy storage system, at Solar & Storage Live Africa. The solution offers 587 Ah cells in two formats—DC/AC All‑In‑One and DC—while cutting component count by 30% and delivering industry‑leading energy densities of...
🚨 JAPAN TO LIFT COAL POWER LIMITS FOR 1 YEAR Japan is temporarily easing restrictions on coal-fired power plants for the next 12 months. The emergency measure comes as a direct response to rising Middle East tensions and potential disruptions to energy...
BRENT SPOT SO TIGHT Dated-to-Frontline (DFL) Brent crude oil timespread is currently sitting just shy of last week's all-time high, and if we closed here we'd finish at a fresh daily ATH. Signals extreme tightness in North Sea spot crude markets amidst...
Nscale is moving forward with a £14 billion (approximately $17.5 billion) neocloud data‑centre project in the United Kingdom despite a local planning committee’s objection. The committee demanded formal assurances that the facility would not overload the regional electricity grid. Nscale has signaled...
Green advocates think the Iran crisis accelerates the energy transition WRONG Japan's moving to coal. Energy blindness & ignorance of human behavior has been fatal for the renewable movement #EnergyCrisis #Oil #Coal #Renewables #Geopolitics #Hormuz #OOTT #EnergySecurity
Key mistake the West made after Putin's invasion of Ukraine was not to embargo Russian oil. The result is that - more than 4 years later - Russia is still waging war with appalling loss of life. A short, sharp...
The war sparked by Iran’s confrontation with the United States and Israel has closed the Strait of Hormuz, driven Brent crude above $100 a barrel and halted key fertilizer shipments, while India grapples with an LPG shortage that threatens millions...
The headline is 4.2 % US INFLATION The real story is STAGFLATION Longer war = higher energy prices Higher energy prices = inflation + weaker growth The only uncertainty is how long it lasts. #OECD #Oil #Inflation #Stagflation #EnergyCrisis #Macro #Geopolitics #Growth #oott...
March 2027 RBOB gasoline futures $2.21, implying $3.15 at the pump by the winter https://t.co/TkEv0pc6Zf
Beijing Automotive Group’s R&D unit announced a sodium‑ion battery prototype that can fully charge in about 11 minutes and deliver a CLTC range of 450 km. The pack boasts over 170 Wh/kg energy density and operates from –40 °C to 60 °C, positioning...
MOSCOW, March 26 (Reuters) - Russia's vast Kirishinefteorgsintez oil refinery, one of country's largest, halted processing on Thursday following Ukrainian drone attacks which set some plant's units ablaze, two industry sources said.
A few weeks ago, I published an @Opinion column arguing that net-zero by 2050 was, effectively, dead. At @CERAWeek in Houston this week, Germany's minister for energy and economy said Europe should allow itself to miss its mid-century net-zero goal....
A hedge fund client just asked me "what happens to allow flow of oil?" I answered, "The IRGC gets P A I D." It kind of rhymes. Like a rap. 👇 https://t.co/dpCtkPaSTd
Using premarket marks, this is Crude (USO) vs VIX. You can see the AM VIX move is high relative to the move in oil (red dot). Black dots are last 5 days. https://t.co/ZgBEOTzNOF
Meager new emissions reduction plans from New Delhi limit the prospects of major progress through 2035 from the three biggest polluting nations https://t.co/H7X2IWuZRQ
"Electricity generated from wind and solar is largely insulated from fossil fuel price volatility – once built, the fuel is free." This is what I told @dharnanoor @guardian who published this article. https://t.co/JmVkEskvVq https://t.co/gP1IeOkWVK
His totaled Tesla showed up on the app — charging in rural Ukraine, a year after the accident. Someone salvaged the battery. Now it's probably keeping the lights on during Russian blackouts. War repurposes everything. https://t.co/3W8ezKpCFR
Taiwan spent an extra $600 million to secure LNG through June to replace lost Qatari supply 🇹🇼 💰 Taiwan’s Economic Minister said spot LNG prices are “about twice as high as long-term contract prices with Qatar” The island depends more on gas...
