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
BP Plc received approval from the Trump administration to develop the Kaskida deep‑water project, marking the first virgin Gulf of Mexico field since the 2010 Deepwater Horizon blowout. The development targets an initial output of roughly 275 million barrels, with the reservoir estimated at up to 10 billion barrels of oil. Production is slated to begin in 2029 using a floating production unit. The clearance signals renewed regulatory confidence in new offshore drilling ventures.
Japan is establishing government‑approved "sky paths" for drones to patrol and inspect power‑line networks, targeting a 40,000 km corridor by fiscal 2035. Early routes already cut inspection time from over eight hours with two workers to about three hours with a...
Australian Resources Minister Madeleine King is traveling to Japan for the Indo‑Pacific Energy Security Ministerial, co‑hosted by Japan and the United States. The agenda centers on fuel security for remote mining operations and strengthening critical‑minerals supply chains. King will meet...
Rising fuel prices in the Philippines have sparked a surge in consumer interest for electric vehicles and rooftop solar installations. Experts caution that the rush is driven more by panic than sound financial analysis, emphasizing that true value lies in...
The UK North Sea faces a critical juncture as high taxes, a ban on new licences and geopolitical volatility are eroding investment and jobs. An effective tax burden of about 75 % under the Energy Profits Levy has driven rigs and...
President Donald Trump’s administration has effectively frozen new offshore wind leases in the United States, slowing domestic development while five Atlantic projects remain on schedule. The Pacific Coast, where water depths preclude traditional monopiles, is turning to floating turbine technology,...
The US gov seems to have changed its mind about the terms of the use of the Strategic Petroleum Reserve: Earlier this week, it announced a **SPR release** (an outright sale, and the method used in the emergency actions of...
MORE US LNG EXPORTS 🇺🇸 🚢 Venture Global will move forward with an $8.6 billion expansion of its third LNG plant in Louisiana Global demand for US LNG is surging as the war in the Middle East cuts off shipments from...
Pennsylvania’s Department of Environmental Protection released a two‑year study of 49 landfills, including 23 that received oil‑and‑gas waste, and concluded that current landfill leachate poses no immediate radiation risk to human health. The analysis found 11 sites exceeded EPA radium‑226/228...
Australia’s Dinawan solar farm among 14 projects in state investment round #energysky -- via pv magazine global: https://t.co/xbrjeqgLOx
The SPR plan just got more complicated. Instead of selling oil fast, the government may “loan” it through an exchange, writes @JavierBlas This avoid charges of draining the reserve, writes @Rory_Johnston Politically safer, but slower — not ideal in the...
Gasoline prices in California surged to $4.72 per gallon, the highest level since 2025, prompting a partisan blame game. Governor Gavin Newsom attributes the rise to state climate policies and refinery constraints, while President Donald Trump points to the ongoing...
Several hours into the power outages here and according to my utility’s website they haven’t even begun the restoration process yet. Zero homes restored in 8 hours. Thousands without power. This is going to be a long outage.
Despite the recent rally, oil priced in gold has barely budged. That puts into perspective how undervalued oil may still be. And no, this is not negative for gold. If anything, it reinforces the idea that we are entering an era of structurally...
The Petroleum Association of the Philippines (PAP) is urging power generators to prioritize domestic natural gas, arguing it could cut electricity prices roughly in half compared with imported LNG. PAP cites the under‑utilized Malampaya gas fields and the VAT exemption...
Trump says military targets on Kharg island obliterated. Oil infrastructure not touched - for now. https://t.co/96z56gVY1g
It's not just oil and gas. What other crucial commodities are under threat from the blockage of the Strait of Hormuz? Fertilisers, aluminium, plastics, helium and more. https://t.co/H1tRNgqzv6
President Donald Trump signed an executive order invoking the 1950 Defense Production Act to permit Sable Offshore to resume offshore oil and gas production off Southern California. The move lifted a regulatory freeze on the $2.5 billion company, which operates three...
U.S. officials, including Interior Secretary Doug Burgum, confirmed that the Trump administration has discussed using oil futures contracts to temper soaring crude prices amid the escalating Iran‑Israel conflict. While the idea was explored, Burgum said no concrete market intervention has...
Jeff Currie, chief strategy officer at Carlyle Energy Pathways, told Bloomberg Surveillance that the ongoing Iran war is already disrupting the global oil and gas supply chain. He warned that the damage could take months to unwind and cautioned market...
Datacentre electricity demand is rising four times faster than any other sector, with Australian demand expected to triple by 2030, outpacing even electric‑vehicle power use. Studies estimate AI’s global carbon footprint could reach up to 80 million tonnes of CO₂ in...
Brent crude futures climbed above $103 a barrel on Friday, extending their run into triple‑digit levels. The rally was driven by traders’ concerns over a potential prolonged disruption of Gulf oil supplies amid the ongoing regional conflict. Simultaneously, several governments...
US oil prices surge above $99/barrel, now up nearly +10% on the week. Once again, the US appears to be losing control of the oil market.
The United States announced it will actively prevent Iran from closing the Strait of Hormuz, a vital artery for global oil shipments. Defense Secretary Pete Hegseth downplayed the disruption but affirmed U.S. readiness, while the Trump administration lifted select sanctions...
European power markets are experiencing a sharp price surge as gas costs climb sharply following the outbreak of war in the Middle East. Major gas hubs across Europe have seen prices more than double, pushing gas‑fired electricity tariffs to roughly...
Venture Global announced a final investment decision for its CP2 Phase 2 LNG export project, a 29 million‑ton‑per‑year facility on the Louisiana Gulf Coast. The approval makes it the first U.S. liquefaction project to receive an FID in 2026, marking a significant...
Regarding crude at $90 or $110 Monday. ... Joint Chiefs Dan Caine said we are going to hit 6K targets today. I assume the same on Saturday and Sunday. So, Monday morning, I assume Caine says we hit 18K targets. If we see...
U.S. liquefied natural gas (LNG) exporters are considering postponing scheduled maintenance to increase available cargoes amid a tightening global gas market caused by the Middle East conflict. Current export terminals are operating near peak capacity, leaving little slack for unexpected...
A recent blockade of the Strait of Hormuz highlighted the vulnerability of LNG buyers reliant on Middle‑East cargoes, prompting a reassessment of supply diversification. Analysts argue that this "concentration risk" creates a strategic opening for existing and planned LNG export...
2026 marks a turning point as Texas’s historic oil belt pivots toward lithium extraction. The Smackover Formation in Northeast Texas is being touted for its high‑purity lithium brine, prompting energy giants like ExxonMobil and Chevron to stake claims and plan...
Max Fawcett on the Alberta NDP's Refusal to Take Energy Seriously UCP-lite isn't going to cut it. Max discusses @nenshi's leadership. abndpcaucus #ableg #abpoli https://youtu.be/khTLqGyYpzQ
Shocking ignorance of the most basic concept by Poilievre here. Canada produces ~6 million barrels a day and consumes ~2.4 million of them. 1/2
Kontron AIS unveiled new FabEagleMES capabilities aimed at high‑volume photovoltaic cell and module production. The suite adds configurable material‑flow routing, real‑time defect analytics, long‑term data‑lake storage, an enhanced web client with role‑based dashboards, and a REST API for seamless machine...
Great explainer about just how screwed Gulf oil is now that the unthinkable has happened... https://www.youtube.com/watch?v=z6QlFpPMPKQ
The ongoing Iran‑Israel conflict has effectively closed the Strait of Hormuz, pushing global crude to around $100 a barrel. Puerto Rico, which generates roughly 60 % of its electricity from aging oil‑fired plants, will see its regulated power rates rise when...
Iran’s recent closure of the Strait of Hormuz has disrupted one of the world’s most critical oil chokepoints, prompting a sharp rise in global crude prices. While the United States sources only a modest fraction of its oil from the...
Um... "The seizures have put the U.S. government in a financial bind. The ships are highly expensive to maintain. And the Trump administration cannot legally sell their oil without a judge’s permission." https://www.nytimes.com/2026/03/13/us/politics/trump-seized-oil-tankers-cost.html
Energy, especially oil, is the backbone of every economy. As I said, a stable oil price, $55 to $70, keeps the global economy running smoothly. But it’s about more than price, it’s about keeping the two-mile stretch of the Strait...
AlphaSense’s 2026 Energy & Industrials Outlook highlights a "dirty pivot" toward speed‑to‑power as AI‑driven compute loads outpace traditional build timelines. With large‑frame gas turbines backlogged until 2027‑2028, utilities and hyperscalers are favoring modular gas solutions—solid‑oxide fuel cells, reciprocating engines, and...
The Baker Hughes rig count rose to a four‑month high in the second week of March, marking the first modest increase since late 2023. The uptick reflects operators’ tentative response to soaring oil prices triggered by the Middle East conflict....
My take on Iran's biggest advantage in the war: "The US & Israel are making mincemeat out of Iran, but Iranians still hold their key card: the Strait of Hormuz, which remains shut down. A great friend in Dubai said he...
OK, I suppose we should admit the White House was right, and, all along, they did have a plan to deal with the closure of the Strait of Hormuz. Bomb Kharg Island.
On Thursday, the U.S. Treasury issued a one‑month waiver permitting the sale and purchase of Russian crude and refined products stored on floating vessels. The exemption, intended to alleviate market bottlenecks, sparked immediate criticism from European officials who argue it...
New at THE OVERSHOOT: Markets Are Still Sanguine About the Oil Outlook https://t.co/QsizGVkoI5 Prior oil shocks in 1973 and 1979 involved far larger price increases than what we have seen so far. Yet this shock involves a hit to volumes that is unprecedented...
I always thought Hollywood explosions were super fake over the top exaggerations until this week when I saw actual oil tankers getting blown up. https://t.co/db4pOheLSX
Oil = 10yr = -SPX 1 variable market continued for another week and will likely persist until oil drops back below ~$70 when the Strait is back in business. https://t.co/349BroE6sP
Secretary Hegseth on the Strait of Hormuz: DON'T WORRY ABOUT IT | March 13, 2026 Update Video: https://t.co/P2LCJM2Jqm https://t.co/u911Em6TwP
US Energy Dept aims to fund $500 million in minerals processing & recycling, along with battery parts
I am sorry @SecWar, but there are some of us are worried about the Strait of Hormuz.
JUST IN: 64% chance Crude Oil is over $110/barrel by the end of March https://t.co/mW0x32Mq3g
