Know What's Happening in Energy
Know What's Happening in Energy
Flex to Acquire Electrical Power Products for $1.1B, Boosting Power Infrastructure Portfolio
Flex Ltd. announced a definitive agreement to buy Electrical Power Products for approximately $1.1 billion in cash. The target contributes about $323 million 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.
Also developing:
German vice‑chancellor Robert Habeck compares Donald Trump’s Iran war to Vladimir Putin’s Ukraine invasion, labeling both leaders as megalomaniacal and unpredictable. He notes the US lacks a coherent military plan, whereas Russia’s operation was pre‑planned and tied to an energy trap. The commentary warns that personalist aggression fuels energy‑price spikes and threatens European security. Habeck urges the EU to redirect its roughly $450 bn annual fossil‑fuel spend toward defence stockpiles, drone interceptors, and rapid renewable‑energy expansion.
Oil prices plunged about 5% on Wednesday as optimism grew that a US‑Iran cease‑fire could be negotiated, pushing Brent crude below $100 per barrel and WTI to $88.31. The decline follows a recent peak near $119, but ongoing strikes and...
Australia’s energy security hinges on closing a massive electrification gap, with only about 21.5% of final‑energy consumption supplied by electricity. Oil still powers 654 TWh of the nation’s energy mix, especially in transport, where just 1.5% of 489 TWh is electric. The...
Ocean Winds, the joint venture of EDP Renewables and Engie, has launched a four‑month geophysical sonar survey for its 1.3 GW High Sea Wind offshore project in Victoria’s Gippsland zone. The study will map the seabed across a 150‑square‑kilometre area 76 km...
Trump Iran talks revived Strait of Hormuz oil flow fears and pushed global energy prices higher. https://www.metalnomist.com/2026/03/trump-iran-talks-put-strait-of-hormuz.html
Saudi oil exports from its Western ports on the Red Sea represented the most immediate and largest mitigation of the Hormuz crisis. Logically, any oil transported via pipelines from east to west and loaded at the Red Sea ports must be...
In this episode of the Argus Crude Report, Lina Bullock and Mediterranean reporter Eleni Krak discuss how the Middle‑East Gulf War is reshaping crude supplies for European refiners. They explain that Europe faces a loss of roughly 600,000 barrels per...
You cannot seriously argue for reducing pollution while defending the very extraction systems that continuously introduce it. Fossil fuels are more than just their emissions. The process includes land conversions, frack pads, compressor stations, wastewater, pipeline corridors, and the fragmentation...
Look at the number of oil and LNG vessels crossing the Strait of Hormuz in the WTO's newly-launched tracker. It is based on "AIS-traceable vessels only" -- but I think that's a fair picture. Who in their right mind would think "dark...
Doral Renewables closed almost $900 million in construction and tax‑equity financing for its 430 MWac Cold Creek Solar + Storage project in Texas. The deal, led by MUFG and backed by a syndicate of global banks, underscores growing investor appetite for utility‑scale...
"Historically, European companies’ attempts to enter the US shale sector have been largely unsuccessful. The question is whether this time will be any different. What is clear, however, is that this move reflects a growing realization—even among European majors—that natural...
SPR releases are a rounding error against a 10–17 mb/d disruption, says @ericnuttall Paper oil is still pretending everything’s fine. Even if this ends tomorrow, you’re left with a $10+ security premium Damaged infrastructure takes years, not weeks to recover This is a...
The U.S. Department of the Interior has struck a deal to reimburse TotalEnergies $1 billion for two East Coast offshore wind leases, forcing the French energy giant to abandon projects in New York and North Carolina. The payment redirects capital into...
In March 2026 a rupture in the Transportadora de Gas del Perú pipeline near Megantoni, Cusco, halted the flow of unprocessed natural gas to the Piura processing plant, cutting supply of both GLP and CNG nationwide. The outage triggered immediate...
Asian markets are seeing a tentative recovery as crude oil slipped below $95 per barrel, easing inflation concerns. Equities rallied, yields edged lower and the U.S. dollar softened, while gold surged on expectations of a more dovish policy stance. However,...
ConocoPhillips unveiled a $4 billion ordinary dividend for 2026 after oil prices surged past $100 per barrel, driving an 11% month‑to‑date rise in its shares. The payout reflects a $9 billion total return in 2025 and a commitment to return 45% of...
A North American Electric Reliability Corp. (NERC) simulation revealed that unmanned aircraft systems can breach critical power‑grid assets, prompting utilities and regulators to demand new detection and interdiction tools. The exercise underscores the urgency of aligning federal guidance with industry...
Vietnam and Russia announced a partnership to build a nuclear power plant, yet the agreement’s financial size, capacity and schedule were not disclosed in the available reports. The deal highlights both countries’ interest in expanding low‑carbon energy amid rising climate‑tech...
Fresh projections put Africa’s economy on a 4.3% expansion path in 2026, with East Africa hitting 5.8%, outpacing most developed markets. The surge is being throttled by chronic power‑infrastructure deficits that cost the continent billions each year.
California has filed a lawsuit against the Trump administration seeking to block a federal order to restart a long‑shut offshore oil pipeline. The state argues the order violates environmental protections and threatens coastal ecosystems, while the administration says the pipeline...
Slovenia became the first EU member to impose fuel purchase limits after the Strait of Hormuz blockage triggered long lines and shortages. Private motorists can buy up to 50 liters a day, while companies are capped at 200 liters, with the army...
At CERAWeek in Houston, Chevron CEO Mike Wirth, TotalEnergies chief Patrick Pouyanne and NNPC GCEO Bashir Ojulari warned that the Iran‑Israel war and the closure of the Strait of Hormuz are creating unprecedented volatility for oil and gas markets. Their...
A blast was reported at a Texas oil refinery, though details remain scarce. The incident comes as crude oil prices slipped on easing US‑Iran tensions, while India's coal consultancy CMPDI struggled to attract investors and turmeric prices fell sharply amid...
Valero Energy's Port Arthur, Texas refinery suffered a massive explosion that ignited a fire and forced an immediate shutdown of the plant. The incident sent a thick smoke plume over the Gulf Coast, prompting emergency response teams and sparking worries...
London’s FTSE 100 rose modestly on Tuesday, buoyed by gains in oil majors BP and Shell as Brent crude breached the $100‑a‑barrel mark. The rally came amid fresh uncertainty over the Israel‑Iran conflict and a five‑day pause on U.S. strikes...
Australia’s strategic fuel reserves have dwindled to roughly 30 days of petrol, diesel and aviation fuel, far short of the International Energy Agency’s 90‑day benchmark. About 90 % of the nation’s refined fuels are now imported, exposing the country to supply...
The White House is (truly) winning the oil jawboning battle against Tehran — still to be seen if Trump would win the physical oil market war. But to see Brent trading at sub-$100 a barrel (and WTI below $90) after...
🌐I deliver presentations worldwide to companies and institutions on the ongoing Hormuz/energy crisis and the outlook for oil, gas, LNG, and energy markets (Via zoom and in person). 🌐Feel free to have your company contact me for more information https://t.co/Dq8hEDz5aE
UBS chief strategist Bhanu Baweja warns that the escalating Middle East conflict could generate an oil supply shock far larger than the Russia‑Ukraine war, a risk markets are currently under‑estimating. He argues investors are applying a short‑shock mindset, overlooking the...
This is why there is so much focus on gas demand destruction 👇 Importers (particularly those in emerging Asia) will need to take less LNG to free-up more for Europe and other richer nations the longer Hormuz/Qatar is shut
Pexapark registers 30 European PPAs for 2.2 GW in February #energysky -- via pv magazine global: https://t.co/pcVtquhtNr
Australia’s first community‑owned wind farm, Hepburn Energy, announced that its turbine Gale underwent a major component repair, the first time the turbine’s top has been removed since the farm began operating in 2011. The repair involved lifting the rotor and...
Solar professionals talk microgrids, repowering and more at NABCEP CE 2026 #energysky -- via pv magazine usa: https://t.co/NxnuHyAoYK https://t.co/SAEKV3G5L6
OPEC+ crude supply in March will be the lowest since the major production cuts during COVID lockdown in 2020.
Pacific Energy’s 9.6 MW Exmouth solar farm in Western Australia’s North West Cape survived Tropical Cyclone Mitchell without any structural damage, keeping full output despite wind speeds that can exceed 300 km/h. The site, located in the country’s only wind‑speed rating “D”...
Yes. This has been my model for a decade. Oil is approaching peak demand. Perhaps 2030. Natural gas demand will continue to grow well beyond oil.
Ohio blocks big solar farm, despite apparently fake public comments #energysky -- via Canary Media: https://t.co/3kdBeyciPR
After eight years of dormancy, an oil rig on Venezuela’s Lake Maracaibo has resumed production, marking the first drilling activity since the U.S.-backed removal of Nicolás Maduro. The United States is easing sanctions and courting Venezuelan oil, with Chevron pledging...
XPrize competition to drive innovation for next-gen geothermal plants #energysky -- via Canary Media: https://t.co/bscd3v31tl
Australia is RUNNING OUT OF FUEL. As the Strait of Hormuz remains disrupted, hundreds of gas stations across the country are running dry. THE GAS STATIONS SHOULD SEND A BILL FOR DAMAGES TO TRUMP AND NETANYAHU. https://t.co/9LMx4BprMq
In this 2‑minute episode, hosts Kate McKenzie and Tim Sahai explore the emerging "electric world order," where China’s rapid rollout of clean‑tech—solar, wind, and EVs—challenges the United States’ reliance on fossil fuels as a tool of geopolitical power. They argue...
Gas prices in China jumped 20% since the war in Iran began. This is big. It affects 300 million drivers. CHAIRMAN XI SHOULD SEND A BILL FOR DAMAGES TO TRUMP & NETANYAHU. https://t.co/5AEwfc2iWb
🇨🇦The ongoing Hormuz crisis presents a historic opportunity for Canada’s oil and LNG industries. 🇨🇦This is the moment. If we miss it, there may not be another. 👇👇👇 Daily Energy Report Link: https://t.co/9c26JYBjru
India’s 35 GW renewable capacity at curtailment risk, warns Crisil Ratings #energysky -- via pv magazine global: https://t.co/CQA0FQ6Ni3
US weighing deployment of a combat brigade to take Kharg, repair airfields Supply lines would follow That’s a blueprint for escalation into Iran’s oil heart MARKETS AREN’T READY FOR THAT OUTCOME #IranWar #Oil #Hormuz #Geopolitics #EnergyMarkets https://t.co/ekbkXerzjV
What Trump and the IEA Missed About the Oil Market: Relief Does Not Work When Markets Are in Panic Mode Daily Energy Report https://t.co/9c26JYBjru
Kazakhstan's oil exports recovered: What are the implications for OPEC+ and the oil market? (SEE CHART) DAILY ENERGY REPORT https://t.co/3Iw9dtfnRU
Australia’s EPBC Act pipeline swells with 5.5GWh of battery storage across three states #energysky -- via Energy Storage News: https://t.co/t9erSWr7w0
Fusion Materials Startup Molten Salt Solutions Lands Two New Buyers #energysky -- via Heatmap News https://t.co/RApjTJrt02 https://t.co/cadtHZH6xV
Europe will soon face the same kind of fuel supply disruptions as Asia due to the war in Iran, says Shell’s CEO 🇪🇺 ⚠️ “If you look through the slate, jet fuel is already being impacted. Diesel will be next...
