OPEC+ Leaders Expected to up July Oil Output Target Despite Hormuz Disruption, Sources Say
OPEC+ is expected to raise its July oil‑output target by roughly 188,000 barrels per day, according to six sources ahead of the June 7 meeting. The increase involves seven core members—Saudi Arabia, Iraq, Kuwait, Algeria, Kazakhstan, Russia and Oman—despite ongoing delivery disruptions caused by the Iran‑Hormuz conflict. The group has been nudging output upward each month since April, even as overall OPEC+ production fell to 33.19 million bpd in April. The United Arab Emirates’ recent exit trims the size of future hikes but could sharpen internal cohesion.
ADNOC Deploys Heavy-Duty Inspection Robot at UAE Gas Plant
ADNOC has rolled out an autonomous heavy‑duty inspection robot at its Taweelah Gas Compression Plant in the UAE. Developed by Taurob, the robot combines 3D LiDAR, thermal imaging and 360‑degree vision to spot gas leaks and heat anomalies, and can...
First Oil Tanker to Exit Hormuz Since War Expected in Japan
Japan announced that the Idemitsu Maru, a very large crude carrier, became the first Persian Gulf oil tanker to transit the Strait of Hormuz since the Iran‑Israel war began. The vessel is hauling roughly 2 million barrels of Saudi crude and could...
Monash University Develops New Hydrogen Fuel Cell Membrane for Water-Free Operation at 250°C
Scientists at Monash University have created an ultra‑thin graphene‑boron nitride membrane that lets hydrogen fuel cells run at temperatures up to 250 °C (482 °F) without any water. The membrane uses atomically thin nanosheets infused with nanoconfined phosphoric acid to maintain rapid...
Ofgem Unveils Next Phase of UK Electricity Grid Regulation
Ofgem released its ED3 sector‑specific methodology, introducing a "build‑and‑flex" strategy that requires distribution network operators (DNOs) to combine reinforcement projects with flexibility solutions. The regulator argues this hybrid approach will avoid premature, costly network builds and keep consumer electricity bills...
Fusion Energy Poised for Simpler U.S. Review
The U.S. Nuclear Regulatory Commission is ending the public comment period on a proposed rule that treats fusion energy separately from traditional nuclear fission, with a final regulation slated for this fall. Regulators deem fusion’s risk profile akin to medical...
Arab Energy Fund Invests $120M in MidOcean Energy's LNG Expansion
MidOcean Energy secured a $120 million equity commitment from The Arab Energy Fund, part of its $2 billion target to expand its global LNG portfolio. The investment, announced on May 21 2026, underscores growing interest in LNG as a strategic energy source. MidOcean, which...
REPS Secures $23.6M Equity Funding to Scale Road Energy Production System
Tyrol energy generation startup REPS announced a $23.6 million equity financing round to scale its patented Road Energy Production System that harvests electricity from traffic. The funding will support expansion beyond ports to logistics hubs and cities worldwide. The round...
Spearmint Energy Secures $450M Project Financing for Red Egret BESS in Texas
Spearmint Energy closed approximately $450 million in project financing to fund its 300 MW/600 MWh Red Egret battery energy storage system in Texas. The financing package includes construction debt, tax equity and capital to support build‑out and long‑term operation. The deal positions Spearmint...