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
Iran and its proxies have intensified drone and missile strikes on UAE energy infrastructure, targeting both downstream storage hubs and upstream production sites. A fire at Fujairah port halted oil loading and forced berths to close, while a drone hit the Shah gas field – the first direct attack on an upstream asset in the Emirates. The UAE reported intercepting over 300 ballistic missiles, 15 cruise missiles and more than 1,600 drones, far exceeding the numbers faced by neighboring Gulf states. The surge follows U.S. strikes on Iran’s Kharg Island, raising the risk of broader regional escalation.
New South Wales has adopted a preferred underwriting framework for solar‑battery hybrid projects as it readies two massive tenders totalling 5 GW of new capacity later this year. The AEMO subsidiary ASL favoured an export‑based long‑term energy supply agreement (LTESA) that...
The Trump administration entered the Iran war without a clear strategy for a potential closure of the Strait of Hormuz, a chokepoint that moves about 20% of global oil. Iran’s shutdown of the strait pushed Brent crude above $100 per...
Kuwait has opened its offshore oil sector to foreign investors, awarding a $1.5 billion development contract to US firm SBL and signing an exploration deal with TotalEnergies while weighing a $7 billion pipeline‑stake sale. The move follows a wave of infrastructure contracts...
I think the most dangerous thing that I see in markets currently is this assumption that, as soon as the war ends, commodity production will just switch back on again. It won’t. It can’t. Commodity production is not like a manufacturing...
Sustainable aviation fuel (SAF) is moving from niche to mainstream in business aviation, offering a drop‑in replacement that cuts lifecycle carbon emissions by 75‑80%. At NBAA‑BACE 2025, Avfuel and Bombardier highlighted that a 30:70 SAF‑jet fuel blend delivers significant emissions...
BP and Eni’s Azule Energy joint venture has begun gas production at Angola’s Quiluma field, delivering an initial 150 MMcfd with plans to reach 330 MMcfd by year‑end. Quiluma is Angola’s first non‑associated gas project, feeding treated gas to the on‑shore plant...
Shanghai‑based startup XFuel Technologies announced it can produce synthetic petroleum by converting atmospheric CO₂ and water into liquid fuel at low cost. The firm plans to construct large‑scale plants across China, aiming to reduce the country’s reliance on imported crude....
European CCS milestone: Tampnet secured a contract with Porthos CO₂ Transport to provide communications for the first offshore CO₂ injection platform on the Dutch Continental Shelf. The project will equip the converted P18‑A platform with a redundant 25 Mbit/s fiber link,...
South Korea’s Ministry of Trade, Industry and Energy imposed mandatory caps on refined fuel exports, limiting shipments to 100 % of the monthly 2025 volumes and introducing wholesale price ceilings for gasoline, diesel and kerosene. The measures, effective 13 March, aim to...
European electricity markets are showing price resilience as wind and solar capacity expands. In Germany and France, power prices fell last week even as oil prices surged, contrasting with earlier spikes driven by natural‑gas volatility. Continued renewable investment is dampening...
Thrilled to share that I’m a co-author of a newly published paper in Scientific Reports — a Nature Portfolio, Q1-ranked journal — highlighting the power of AI-driven innovation in sustainable energy systems. Our paper, “Deep learning enhanced prediction framework for bio...
Ann Arbor is piloting a city‑run Sustainable Energy Utility (SEU) in the Bryant neighborhood, offering residents solar panels, battery storage and other clean‑energy assets while remaining connected to the existing grid. The program, approved by 80% of voters, will be...
The Queensland Government has launched a $200 million North West Energy Fund to accelerate affordable, reliable and sustainable power in the North West Minerals Province. The fund will back fast‑tracked local generation and storage projects, working with more than 20 private‑sector...
China imports over 10% of its oil from Iran, most of it routed through the Strait of Hormuz, and the ongoing Iran‑U.S. conflict threatens to choke that corridor. While oil accounts for less than one‑fifth of China’s total energy consumption,...
The episode examines how the Middle East conflict has upended global MTBE arbitrage, causing sharp price spikes and volatility across Asia, Europe, and the U.S. Asian producers face supply constraints as Middle‑East feedstocks dry up, while European demand for cheap...
Spain’s government warned the European Union that suspending the EU Emissions Trading System (ETS) to curb soaring energy prices would be counter‑productive. Madrid argues the carbon market is a cornerstone of the bloc’s climate agenda and that a pause could...
The U.S. Supreme Court agreed to hear a case in which Exxon Mobil and Suncor argue that cities like Boulder, Colorado lack standing to sue for climate damages. The article contends that while the Court debates federal pre‑emption, the real...
Australia’s remote communities, home to about 500,000 people, rely on diesel generators for electricity, making them highly vulnerable to global fuel price shocks. Recent federal actions—temporarily relaxing fuel standards and releasing domestic reserves—aim to ease supply pressures for regional farms,...
China-linked Hormuz transits retreat to shipping’s opaque fringes ▶️China-linked traffic through Hormuz has slowed sharply after recent attacks, with transits largely confined to an opaque bulker and one sanctioned VLCC ▶️Mainstream Chinese state-owned tanker fleets continue to stay out, citing safety, insurance...
Meanwhile Ukraine is almost back to 24/7 power after a long winter of constant Russian attacks on the electricity grid. Russia is still trying too: just yesterday was another power infrastructure attack on Kyiv that failed. Communism does not work. Also look...
Kevin Hassett highlighted on CBS Face the Nation that oil futures are pricing a rapid decline in oil prices, even as spot gasoline prices surge due to current Strait disruptions. The forward curve suggests Brent will not revert to its pre‑war...
The headlines around Iran and the Strait of Hormuz are flipping daily, which is keeping #oil volatility (realized and implied) elevated. Meanwhile, the Brent-WTI spread has jumped back near its highest in 3 years. https://t.co/h3S81SQWjn
UK data centers (>10MW). NESO estimate they use ~2% of UK electricity. For context boiling kettles for cups of tea in the UK probably consumes about 0.5% of the countries electricity. Source: https://t.co/3hbIJFXKPb https://t.co/Gs547vtFpk
Oil markets cooled as a few tankers slipped through the Strait of Hormuz, easing the panic that had driven Brent toward $100 per barrel. The shift from a full‑blow blockade narrative to constrained flow reduced downside risk, but the market...
NEW ANALYSIS: North Sea “drill baby drill” would cut bills by just £16–£82 per year, and only if tax revenues are redistributed. A fully renewable UK could save households up to £441 says @TheSmithSchool https://t.co/c0kut9thNb
#Mission300 aims to connect 300 million people in Africa to electricity by 2030. The initiative is #PoweringAfrica through a combination of expanded power grids and off-grid solutions. To date, 44 million people have been connected to electricity. https://t.co/pRD9VwxcHd https://t.co/ZlY8DI1xmi
Australia’s Defence Minister Richard Marles has stopped short of dismissing fuel rationing as the Iran‑Israel conflict drags into its third week, stoking concerns over domestic supply. While officials claim there is no immediate shortage, global oil markets are already feeling pressure...
Europe’s power market is facing its first serious geopolitical stress test since the 2022 energy crisis — and, so far, it’s holding up https://t.co/WDK45R81DQ
CHART OF THE DAY: US retail average diesel prices have topped the $5-per-gallon barrier for the 2nd time ever. That’s freight inflation — and another big hit to the country’s farming economy (and it has received many hit since...
Seadrill’s 50:50 joint venture with a Sonangol affiliate, Sonadrill Holding, has secured a contract extension for the ultra‑deepwater drillship Sonangol Quenguela in Angola. The extension exercises a seven‑well priced option, adding roughly 480 days of operation and stretching the rig’s...
🇺🇸 The year-to-date increase in US gasoline prices is now larger than in 2022. https://t.co/2FtHzNrQpA
[MUST READ] IMO chief says convoys are not a long-term or sustainable solution to re-open Strait of Hormuz: https://t.co/5RH72OviGI
Researchers at Westlake University have demonstrated an anode‑free lithium‑metal pouch cell that reaches 508 Wh kg⁻¹ energy density by using a crossover‑coupled electrolyte. The electrolyte creates a boron‑fluorine polymer‑rich solid‑electrolyte interphase (SEI) that is sub‑nanometer homogeneous, flexible, and enables uniform planar lithium...
The Nordics understood early on that fossil fuel dependency comes with a price: price volatility. They moved full speed ahead on electrification of heat starting decades ago. Today fossil fuel use for heating has dramatically fallen. https://t.co/aFYP7K8RAg https://t.co/k1Gz1747qb
Rising cost of fuel already an interest‑rate rise on households and businesses Higher Aus interest rates don’t fix inflation from rising oil prices, nor tax oil companies gaining a windfall. Who in Aus pays the price? Those who can least afford it https://t.co/6qbQujyqgg
Phillips 66 (PSQ Holdings) reported Q4 2025 earnings of $2.9 billion, or $7.17 per share, with adjusted earnings flat at $1 billion ($2.47 per share). The company completed the full acquisition of the WRB joint venture, increasing exposure to Canadian heavy crude...
Crude oil prices ticked down after Iran said the Strait of Hormuz is open to all but its "enemies", lifting stocks and pulling down the US dollar. Is the crisis ending? #oil #IranWar #stocks #dollar #macro #trading https://t.co/1OST27OxI9
Pakistan’s rapid adoption of solar power in the past few years is helping cushion the impact of a surge in fossil fuel prices due to the Middle East war https://t.co/4eyTCuM5KW
Researchers have demonstrated a perovskite‑perovskite‑silicon triple‑junction solar cell that reaches a certified 30.02 % power conversion efficiency on a 1 cm² substrate. The breakthrough combines a non‑volatile additive, 4‑hydroxybenzylamine, which aligns crystal growth and suppresses non‑radiative recombination in the wide‑bandgap top cell,...
The Iranians ramped the price of oil, forced OPEC to shut in a bunch of barrels, and are still shipping theirs with no issues… Seriously, tell me the boys at Vitol aren’t watching this move in awe…🤣
India- and Pakistan-owned ships transit Strait of Hormuz ▶️Iranian-linked tonnage still dominates Hormuz transits ▶️Attacks on shipping are succeeding in halting crossings ▶️Eastbound transits prevail westbound journeys ▶️US ‘fine’ with Iranian tankers sailing through Hormuz to ‘supply’ the rest of the...
Armenian Prime Minister Nikol Pashinyan and Turkish Energy Minister Alparslan Bayraktar met on the sidelines of an IAEA summit to explore electricity interconnection, nuclear cooperation, and natural‑gas links. The dialogue builds on Pashinyan’s “Real Armenia” agenda, which prioritises economic development...
India talks with Iran on safe Hormuz passage for up to 30 ships Vessels carrying LNG, LPG and oil earmarked to follow the voyages of two VLGCs https://t.co/3X81uYIrqD
A drone strike has set the Shah natural gas field ABLAZE in Abu Dhabi. US-ISRAELI WAR ON IRAN = IRANIAN COUNTER-ATTACKS = LOTS OF COLLATERAL DAMAGE. https://t.co/VBVzVrAIDg
Had a great conversation with @KYRRadio and @pineconemacro about oil markets and Iran War. Check it out: https://t.co/n3LlJdESeO
Here’s why high oil prices are hitting places like the Philippines a lot harder than others (net energy importer, deregulated, very weak currency, relatively low income) 🔉on https://t.co/qMgihHYgGD
I am normally not a big fan of conspiracy theories to explain market phenomena. But #Brent futures slid from an intraday high of just over $106 to settle at $100.21 on Monday. The only “explanation” I can find is “because some...
The issue with Asia and the Middle East is that our refineries are built to refine sour crude. But not all refineries are created equal. India and South Korea stand out in having refineries that can do both heavy and...
Not only are there guaranteed to be prolonged periods with almost no sunlight reaching solar panels, but solar panels can be rendered totally dysfunctional by snowfall. Solar is fuel savings, not reliable energy.
