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
Norway’s natural gas production slipped to 355.13 MMcmd in February, a 2.6 % decline from January and 0.4 % below February 2025, missing the NOD forecast by 2.1 %. Gas sales fell to 9.9 Bcm, down 1.4 Bcm from the previous month. Oil output rose to 1.97 MMbpd, up 15.3 % year‑over‑year and exceeding the forecast by 5.7 %. Equinor highlighted strong liquids growth and plans for intensified NCS activity through 2035.
The Federal Energy Regulatory Commission (FERC) dismissed RWE Clean Energy's complaint that PJM Interconnection violated cost‑allocation rules after the project’s upgrade estimate ballooned from $1.25 million to nearly $72 million, prompting the developer to withdraw a 125‑MW solar‑battery project. At the same...
SBM Offshore’s COO Alex Glenn detailed the Fast4Ward program, which shifts the company from bespoke FPSO designs to a standardized, modular, data‑driven model. The initiative introduces pre‑engineered hulls and topside modules, cutting delivery schedules by up to a year and...
Two weeks ago, Brent oil futures were in the 80s; the president was telling reporters that the war was "very complete" and that Iran was begging to negotiate; and WH defenders were claiming the war was "over" and accusing commodity...
Indian Oil Corporation raised the price of industrial diesel to Rs 109.59 per litre, a 25% increase effective 20 March 2026. The hike targets bulk consumers such as factories, where diesel fuels captive power plants and heat‑intensive processes. The textile sector, which relies...
Wales has unveiled a Renewable Energy Sector Deal to accelerate its clean‑energy transition. The plan sets a 70% renewable electricity share by 2030 and 100% by 2035, with a target of 1.5 GW locally owned capacity by 2035. It spans on‑shore...
IFGL Refractories Ltd. has temporarily halted LPG‑dependent operations at its Kandla plant in Gujarat after the Indian government ordered oil‑marketing companies to prioritize domestic LPG supplies amid a Middle‑East conflict‑driven shortage. The stoppage affects high‑temperature kiln and heat‑treatment processes, but...
Iranian oil has been sanctioned for many years. The 140 million barrels he is referring to are part of the "dark fleet" that has been shipping Iranian oil to Asia (mainly China) for years. Iran gets money for oil, and...
🚨 THE MARKET IS ONE ISLAND AWAY FROM RELIEF AND CHAOS US is quietly considering lifting Iran sanctions but behind the scenes? There's talk of something far more aggressive. And it all comes down to one tiny island in the Persian Gulf...
Energy Vault reported a 340% revenue surge to $203.7 million in 2025, driven by its entry into AI‑infrastructure, Australian projects, and the Asset Vault subsidiary. The company narrowed its GAAP net loss to $103.6 million and boosted cash on hand to $103.4 million, more...
Recent U.S., Israeli, and Iranian strikes on Middle East oil and gas infrastructure have sharply lifted European natural‑gas prices. Because gas‑fired plants often set marginal electricity rates, merchant power prices across Europe are expected to rise in the near term....
Iran fired missiles at Qatar’s Ras Laffan LNG complex hours after Israel hit the South Pars gas field, the world’s largest gas reservoir. The tit‑for‑tat attacks have disrupted LNG supplies, pushed Brent crude above $112 a barrel and raised fears of a...
Goldman Sachs analysts project that oil prices will remain above $100 per barrel through 2027, citing recent Brent levels at $110.2 and WTI at $95.9. The forecast reflects persistent supply shocks, especially the ongoing closure of the Strait of Hormuz,...
China’s imports of discounted Russian crude surged to 21.8 million tonnes in January‑February 2026, a 40.9% year‑on‑year increase, while the dollar value rose only 5.8% due to steep discounts. Russian oil now makes up more than one‑fifth of China’s total crude...
AGL has started commissioning its 500 MW, two‑hour Liddell Battery at the Hunter Energy Hub in New South Wales, with the first 250 MW already under test. The project is slated for full commercial operation by June 2026 following staged performance testing and...
India will deliver 45,000 tonnes of diesel to Bangladesh by April, with 5,000 tonnes already shipped via the 131.5‑km India‑Bangladesh Friendship Pipeline. The move comes as global fuel prices surge amid the Iran‑Israel conflict and reflects New Delhi’s self‑styled role...
Bosch Engineering unveiled an 800‑volt electric powertrain at LogiMAT 2026, targeting heavy‑duty intralogistics equipment such as forklifts, truck tractors and port transporters. The SMG230 motor delivers 188 kW continuous power and up to 550 Nm peak torque, while a silicon‑carbide inverter pushes...
HSBC upgraded Chevron to Buy, lifting its price target to $215, implying roughly 7% upside from the latest close. The bank highlighted Chevron’s markedly lower exposure to Middle‑East oil—under 200,000 barrels per day versus Exxon’s 900,000+—as a key risk buffer...
Serbia secured a U.S. Treasury waiver extending sanctions relief for the Russian‑owned Naftna Industrija Srbije (NIS) until April 17, 2026, allowing continued crude oil imports amid the war on Iran. The waiver comes as Serbia imposed a ban on crude and...
Oil prices swung sharply this week as escalating war risk in the Middle East collided with a series of emergency supply measures. WTI fell to $94.13, down 3.98%, after traders weighed tanker delays in the Strait of Hormuz against strong...
The Iran‑Israel conflict is spilling into global oil markets as strikes target both the Hormuz corridor and Iran’s Kharg Island export hub. U.S. officials have responded with a Jones Act waiver, Strategic Petroleum Reserve drawdowns, and the prospect of releasing...
Women in Solar+ Europe featured Delfina Muñoz, CEA research director, who argues that diversity is a catalyst for faster, fairer clean‑energy innovation. She describes how everyday micro‑biases accumulate to create barriers for women, and stresses that inclusion must be embedded...
The article argues that reliable power delivery, not just source mix, is the critical challenge for global energy systems. Abu Dhabi showcases a converged model that blends natural gas, over 45% renewables, and AI‑driven platform AD.WE to manage electricity and...
Europe’s hybrid solar‑plus‑storage projects are scaling rapidly, turning isolated PV and battery assets into integrated systems that deliver firm capacity and grid services. The added electrical, mechanical and digital interdependencies raise failure risks, making superficial technical due diligence a liability....
Stillstrom, the Maersk‑backed offshore charging specialist, has launched a dedicated UK entity in Aberdeen to commercialise its eCharger system for service operation vessels. After years of development and full‑scale trials in 2024, the solution is now ready for operational deployment...
Essar, operator of the Stanlow refinery in Ellesmere Port, admitted breaching environmental regulations 491 times between 2018 and 2020. The violations included discharging cyanide above permitted levels into the Manchester Ship Canal, a river and a brook. The company pleaded...
The energy‑storage market is reaching an inflection point as physical market revenues shrink, prompting operators to seek financial strategies beyond simple arbitrage. GridBeyond’s on‑demand webinar, hosted with Energy‑Storage.news, outlines how sophisticated hedging tools, structured derivatives, and revenue‑floor contracts can protect...
Indonesia’s sovereign investment agency Danantara has secured US$1.4 billion to build a domestic PV‑module assembly plant, slated for completion by the end of 2026. The funding underpins the government’s goal of adding 50 GW of renewable capacity by 2035 and ultimately 100 GW...
India’s stationary energy storage capacity is projected to surge from less than 1 GWh today to 346 GWh by 2033, according to a white paper unveiled at the SESI 2026 conference. The paper notes a pipeline of 92 GWh of battery energy storage system...
India’s National Generation Adequacy Plan projects non‑fossil‑fuel‑based capacity to reach 786 GW – about 70 % of the total 1,121 GW target – by fiscal year 2035‑36. The current non‑fossil portfolio stands at 275 GW, representing 52.5 % of the 524 GW installed today. The plan...
Global solar PV installations hit a record 647 GW in 2025, an 11 % increase over 2024, according to Ember. China contributed 378 GW, more than half of the world’s additions, with a May surge of 111 GW driven by pricing reforms. Combined solar...
U.S./IRAN war is having a very different impact on gas prices in Europe and Asia compared with the United States. The conflict has had essentially no impact on domestic gas prices in the United States, which remains insulated from global...
Associated British Ports (ABP), RWE and Clarksons Port Services have formalised a partnership to use Lowestoft's Eastern Energy Facility as the construction hub for the 3.1 GW Vanguard West and East offshore wind farms. ABP has committed £35 million to upgrade the...
And this is just 17% of Qatari LNG. We have not yet seen significant physical damage to the oil infrastructure in the region. There’s a lot of talk about when the strait reopens but what matters for the tail...
If gasoline hits $4 now, that's still a third less than the $6 it hit in 2008 in today's dollars ($4 in nominal dollars then).
Just spoke to @AlJazeera about the Strait of Hormuz energy crisis. Damage to production facilities will take years to repair, further price spikes likely. Govts can subsidise bills short-term but the only lasting fix is ending fossil fuel dependence. https://t.co/0G9SMxLqKm
If Hormuz stays closed another 3-4 weeks, it all begins to crumble...into an already-teetering global sovereign debt problem & consumer credit problem. Based on what I'm hearing, it is highly likely Hormuz will remain closed for at least another 3-4 weeks. Let's...
The energy crisis caused by the war in Iran is strengthening the case for electric vehicles. The oil price shock drives EV demand in Asia. https://t.co/5yRSoiCS6O https://t.co/aKMZB28ruw
One of the reasons why you might think that carbon pricing could work: higher prices help lower the oil intensity of global output. Chartbook Top Links of the day just dropped: https://t.co/vm9gtD4kJ9
It's not just a blip. Increasingly oil futures markets are suggesting that the Iran war is going to have (or has already had) effects that will last for years. https://t.co/j23M3zH7AL
Reupping this as the continued Hormuz chaos seems increasingly likely to drive oil above $200/barrel, followed by years of hydrocarbon market chaos
Bessent: U.S. May Allow Iran to Sell Oil in Order to Increase Supply https://t.co/cJQjJqRa54 #maritime #maritime-news
Thanks to @andrewrsorkin @JoeSquawk for having me on @SquawkCNBC this morning to talk about today’s energy crisis and where we go from here.
Better late than never: IEA has released today a report with demand side measures to address the oil shortage. Including work-from-home, lower speed in highways, etc... Link here: https://t.co/MXt0hEQ9Sx Unfortunatelly, the IEA does not addresses LNG (so it sidesteps coal).
Prices have surged but physical oil infrastructure damage remains limited & still some slack in system. For a disruption this large, prices eventually need to rise high enough to actually destroy demand—as parts of crude & product mkts are starting...
Markets are shrugging off Middle East tensions as oil disruptions prove less severe than feared. Iran's selective passage through Hormuz is easing supply concerns. 🟢 Open https://t.co/I5Gu8mRO2F
Good Morning from Germany, where gasoline prices – even before taxes – are now higher than the avg price Americans pay at the pump, taxes included. https://t.co/PJk0TM53gN
On the one hand, the US is considering lifting sanctions on Iran's oil. On the other, the US e is considering invading Kharg. It's one or the other. Either the US understands the MAD dynamic at play with energy flows...
This war needs an off-ramp. That isn't military escalation or just declaring "mission accomplished." Instead, it's an embargo of Iran's oil. That'll throw Iran into chaos and the upside for oil prices is limited given how much they've already risen... https://t.co/t20Z7S85OZ...
“For forty-four years, Alabama Power has operated without a real rate review. That ends with this bill,” stated @EnergyAlabama. “The House heard from tens of thousands of Alabamians who stood up against HB 392, who spoke out against SB 360,...
