New Oil Discovery Comes to Light in Gulf of America
Occidental (Oxy) announced a new oil discovery at the Bandit prospect in the Gulf of America, roughly 125 miles south of the Louisiana coast. The exploration well in Green Canyon Block 680 intersected high‑quality, full‑to‑base Miocene oil‑bearing sands. Oxy operates the well with a 45.375% working interest, while Chevron U.S.A. and Woodside Energy hold 37.125% and 17.5% respectively. The partners are assessing subsea tie‑back options to an adjacent Oxy‑operated facility as the find dovetails with Oxy's ongoing debt‑reduction strategy.
Bangladesh Schools to Go Online in Energy Crunch
Bangladesh will pilot a hybrid schooling model next week, alternating physical and virtual classes to curb electricity use amid an energy crunch caused by restricted Middle East oil and gas supplies. The schedule assigns in‑person lessons to Saturday, Monday and...
Norway’s Boreal AS Orders 20 Candela Electric Foiling Ferries
Norwegian transport operator Boreal AS has placed the world’s largest order for electric hydrofoiling ferries, purchasing 20 Candela P-12 vessels. Each boat costs roughly US$3.1 million and will be delivered between 2027 and 2030, offering 25‑knot speeds and a 40‑nautical‑mile range....
India and Bhutan Sign Tariff Protocol for Punatsangchhu‑II, Strengthening Hydropower Partnership
India and Bhutan signed the tariff protocol for the 1,020 MW Punatsangchhu‑II hydroelectric project during Power Minister Manohar Lal’s visit. The agreement formalizes the export tariff and introduces a reactive‑energy accounting methodology to improve cross‑border grid stability. It also expands a...
Ceasefire: European Gas Prices Sinking
Tsvetana Paraskova, Oil Price
KwaZulu-Natal Mineral Sands Mine Powered by New Limpopo Solar Plant
A 148 MW Bolobedu Solar Farm, built by Voltia and local empowerment partners, has begun feeding green electricity into South Africa’s grid to power Rio Tinto’s Richards Bay Minerals (RBM) in KwaZulu‑Natal. The plant will slash RBM’s baseline emissions by at...
AES Scraps 320 MW California Battery Project Amid Fierce Local Opposition
AES Corp announced it is abandoning the 320 MW/1,280 MWh Seguro energy storage project in San Diego County. The decision follows a three‑year dispute with local residents, stricter fire‑safety setbacks, and a denied easement through Palomar Health that eliminated the only viable...
Trump's Emergency Orders Pushing Coal Power Are "Illegal" As Well as Dumb
President Trump’s Department of Energy has revived Section 202(c) of the Federal Power Act, using emergency orders to keep aging coal plants like Michigan’s JH Campbell online despite utilities’ plans to retire them. Legal scholars argue the orders constitute an illegal...
Entergy, Xcel, Others Seek to Upend Competitive Transmission Bidding in MISO, SPP
Entergy, Xcel Energy and seven other utilities have petitioned FERC to suspend competitive bidding for regional transmission projects in the MISO and SPP markets, arguing the process adds 16‑20 months to completion. The utilities seek a decision by July 16 and...
This Isn’t a 1970s Oil Shock
The Iran war has turned the Strait of Hormuz into a critical bottleneck for both crude oil and liquefied natural gas, pushing oil prices up about 40% in six weeks and affecting roughly 20% of global oil consumption and 25%...
40 New EV Chargers & Solar Power Launched In LA Area
Rove has opened a new EV charging hub in Costa Mesa, California, featuring 40 fast chargers powered partially by 400 on‑site solar panels. The facility offers amenities such as free Wi‑Fi, a lounge, and proximity to a beach and Orange...
VIDEO – Energy Storage Summit 2026: What Is the Outlook for BESS Capex This Year?
At the Energy Storage Summit 2026 in London, a panel of industry leaders examined the outlook for battery‑energy‑storage‑system (BESS) capital expenditures this year. The discussion focused on how regulatory changes, supply‑chain constraints and market dynamics are driving cost pressures on...
European Commission Publishes First CBAM Certificate Price
The European Commission released the first‑quarter 2026 Carbon Border Adjustment Mechanism (CBAM) certificate price at €75.36 ($89.64) per tonne CO₂e, based on the volume‑weighted average of EU Allowances (EUAs). EUA prices swung sharply in Q1, climbing above €90 before falling...
71,482 EV Fast Chargers Operating In The US Now
The U.S. now hosts 71,482 public DC fast EV chargers spread across 15,031 locations, according to the DOE’s Alternative Fuels Data Center. Those fast ports are part of a broader network of 274,665 public charging points, which also includes roughly...
Iran War Doubles Russia's Main Oil Revenue to $9 Billion in April
Russia’s mineral extraction tax on oil is set to double in April, reaching roughly $9 billion, after the Iran‑related crisis drove Brent futures above $100 per barrel. The surge stems from the Strait of Hormuz closure following US and Israeli airstrikes,...
GAIL India to Borrow ₹5,000-6,000 Crore in Financial Year 2027
GAIL (India) announced it will raise between ₹5,000 crore and ₹6,000 crore (approximately $539‑$647 million) in fiscal 2027 to fund expansion projects, chiefly to boost utilization at its Dabhol LNG import terminal. The company has also secured three spot LNG cargoes to offset...
California Proposed Decision on Community Solar ‘Virtually Ensures No Projects Will Be Built’
The California Public Utilities Commission issued a proposed decision that rejects the industry‑backed Net Value Billing Tariff (NVBT) and adopts the lower, utility‑favored Avoided Cost Calculator (ACC) rate for community solar. By replacing NVBT with ACC, the CPUC effectively removes...
Chevron Sees Lower Output Due to Iran War
Chevron reported a 6% drop in first‑quarter production, falling to 3.8‑3.9 million net oil‑equivalent barrels per day, down from 4.05 million in Q4 2025. The decline stems from reduced output in the Persian Gulf, Israel, and a shutdown in Kazakhstan. Chevron also warned...
BMW Canada Integrates Tesla Superchargers and Shell Recharge in Dashboards
BMW Canada has woven the Shell Recharge network and Tesla Superchargers into its My BMW and MINI apps, giving owners a unified charging interface for Canada and the United States. The integration adds over 30,000 public chargers and routes Tesla’s NACS...
CB&I All Done with Acquisition of Petrofac’s Asset Solutions Business
CB&I, a designer and builder of storage facilities, completed the acquisition of Petrofac’s Asset Solutions business, adding roughly 3,000 employees and expanding into operations, maintenance, and de‑commissioning services. The transaction was structured on a debt‑free, cash‑free basis, with proceeds directed...
Non-Installation of Vapour Recovery System: NGT Dismisses BPCL's Appeal Against ₹1 Crore Fine
The National Green Tribunal (NGT) rejected Bharat Petroleum Corporation Limited's (BPCL) appeal and upheld a ₹1 crore fine—approximately $120,000—for failing to install a vapour recovery system (VRS) at its storage terminals. The fine stems from a Central Pollution Control Board (CPCB)...
USC Annenberg Center for Climate Journalism and Communication Releases Season Three of Its Energy Transition Podcast
Season three of USC Annenberg’s Electric Futures podcast returns to California’s Imperial Valley, shifting focus from stalled lithium extraction to the arrival of hyperscale data centers seeking geothermal power. Host Charles Zukoski examines how AI‑driven data‑center growth could double global electricity...
Insulation Manufacturer Commissions 3rd Rooftop Solar Project
REC Solar and Dynamic Energy have completed an 881‑kW rooftop solar array on Kingspan Insulation North America’s manufacturing plant in Mendota, Illinois. The system occupies 50,000 sq ft and is expected to produce roughly 1 GWh of clean electricity each year, contributing to...
Clean Power Is Up and Will Get a War Boost: Three Things to Know
Clean power adoption is accelerating, driven by soaring fossil fuel prices amid the Iran war. Solar‑plus‑storage projects in Saudi Arabia can supply power at $45 /MWh for 65% of the year and meet almost all demand at $70 /MWh, supporting the kingdom’s...
Oil Prices Hit $100 With Hormuz Closed Despite Ceasefire, But S&P 500 Diverges
U.S. crude prices surged past $100 a barrel as Iran kept the Strait of Hormuz closed, demanding Israel halt attacks on Hezbollah in Lebanon. The closure reignited supply‑risk premiums, pushing the near‑term WTI contract up 5.8% after briefly topping $102....
Reliance Caps Sales at $11 Per Pump as Shortages Deepen
Reliance Industries, India’s largest private‑sector refiner, has begun capping fuel purchases at its Jio‑BP stations to roughly $11 per visit as Middle‑East tensions keep crude shipments constrained. The limit of 1,000 rupees per customer is being enforced informally to deter...
JPMorgan Signs 10-Year Biomass-Based Carbon Removal Deal
JPMorgan Chase has signed a ten‑year agreement to buy 60,000 tons of durable carbon‑removal credits from cleantech startup Graphyte. The credits will be generated at Graphyte’s Project Loblolly in Arkansas and the upcoming Project Ponderosa in Arizona, both using the...
Construction Begins on 102-MW Murch Solar Project in Michigan
Greensol, the U.S. arm of Spain’s Greening, has broken ground on the 102‑MW Murch Solar project in Van Buren County, Michigan. The development is being led by Heelstone Renewable Energy, a Qualitas Energy subsidiary. Greensol provides turnkey EPC services, leveraging...
European Firm Lines up Five LNG Cargos to up Gas Storage Ante
Finland‑based Elenger secured five LNG cargoes for the spring, with three slated for the Inkoo terminal and two for Lithuania’s Klaipėda terminal. The first shipment arrived from the United States on the Marvel Swallow tanker, and additional deliveries are planned...
Mooted South China Sea Oil Deal with China Draws Fire in Manila
The Philippines is weighing a joint oil‑exploration pact with China despite a national energy emergency and soaring fuel prices. Lawmakers and nationalist groups have condemned the talks, arguing they send the wrong signal to a territorial aggressor and could compromise...
76 Chargers, 9 MW: An EV Truck Hub Opens Where US Freight Runs
EV Realty opened its flagship electric‑truck charging hub in San Bernardino, California, featuring 76 high‑power ports delivering 9 MW, enough for over 200 medium‑ and heavy‑duty trucks daily. The site supports both CCS and the emerging megawatt charging system (MCS), offering up...
Cylib to Take Part in Sodium-Ion Battery Recycling Project
Aachen‑based Cylib has joined the 25‑partner SIB:DE Entwicklung consortium to create market‑ready large‑format sodium‑ion battery cells and develop recyclable solutions. The three‑year project, funded with €14.5 million (about $15.8 million) by Germany’s Federal Ministry for Research, will run from March 2026 to February 2029. Cylib...
Unpacking Trump’s Use of Emergency Powers to Prop Up Coal
President Trump’s Department of Energy has revived Section 202(c) of the Federal Power Act to force utilities to keep aging coal plants operating, starting with Michigan’s JH Campbell plant in May 2025. The emergency orders bypass long‑term resource planning, cost utilities millions, and...
3 Canadian E&P Stocks Benefiting From a Tight Oil Market
Zacks highlights a tight oil market and expanding LNG capacity as catalysts for Canadian exploration‑and‑production firms, naming Canadian Natural Resources, Baytex Energy and ARC Resources as top picks. The industry outperformed the broader oil‑energy sector, delivering a 79.2% gain versus...
'Basking in a Solar Surge': UK Smashes Solar Generation Record Two Days in a Row
Britain’s solar farms generated a record‑breaking 14.4 GW of electricity during a single half‑hour period, marking the highest output ever recorded in the UK. The milestone was achieved on two consecutive days following unusually sunny weather after the Easter weekend. The...
Large-Scale Solar Surpasses 1 TWac Worldwide
Wiki‑Solar’s latest analysis shows that the world’s utility‑scale solar fleet crossed the 1 TWac threshold in 2025, aggregating 1,008 GWac across 33 leading markets. The record‑setting year added nearly 250 GWac, pushing large‑scale solar to represent about 92% of global utility‑scale capacity. China...
OneSubsea Technology to Enable ‘Faster Production’ at American Deepwater Field
OneSubsea, the SLB‑Aker‑Subsea7 joint venture, secured a contract with Texas‑based Beacon Offshore Energy to supply a high‑pressure, high‑temperature multiphase boosting system for the Shenandoah deepwater field in the Gulf of America. The system is engineered to operate above 15,000 psi, enabling...
Italy Pushes Coal Exit Back After Gas Prices Rise
Italy’s government has postponed the permanent shutdown of its four remaining coal‑fired power plants to 2038, citing a sharp rise in gas prices triggered by the Middle East conflict. The amendment was attached to a broader energy‑crisis bill and passed...
Two Savion Solar Projects Completed in the Midwest
Joint venture Tango Holdings, combining Shell’s Savion Equity and Ares Infrastructure Opportunities, has placed two 100‑MW utility‑scale solar farms into commercial operation in Indiana and Ohio, delivering 200 MW of clean power to the U.S. grid. The Elkhart County project in...
Goldman: Oil Could Remain at Crisis Prices for Rest of Year
Goldman Sachs warned that oil prices could stay above $100 a barrel for the remainder of 2026 if the Strait of Hormuz remains closed for another month. The strategic waterway, which carries roughly one‑fifth of global seaborne oil, has been...
'This War Is a Reckoning for Our Energy System – the Green Solution Is Clear'
The article warns that the war in the Middle East has exposed the fragility of a global fuel system still dependent on stagnant crude production. It argues that only large‑scale wind and solar farms converting power into green hydrogen and...
How the Strait of Hormuz Stifled a Market Rally
Investors turned bearish as the fragile U.S.-Iran cease‑fire raised doubts about reopening the Strait of Hormuz. The waterway, which moves roughly a quarter of global oil and gas shipments, remains congested, dampening the market rally sparked earlier in the week....
SP Energy Networks Launches Flexbility Platform
SP Energy Networks has introduced ElectronConnect, a new flexibility platform designed to streamline participation in grid‑balancing markets. Developed with flexibility service providers, the platform already supports month‑ahead markets that help match supply and demand. The initiative aims to accelerate the...
How to Delaminate End-of-Life Solar Modules with Ultrasonic Cavitation
A German‑Turkish research team introduced a solvent‑free ultrasonic cavitation process to delaminate end‑of‑life crystalline‑silicon photovoltaic modules. The technique fully separates the glass from the front EVA layer and partially releases silicon fragments, achieving an 82.2% mass‑based delamination efficiency. Laboratory tests...
Aggreko to Deliver ‘Australia’s Largest’ Off-Grid Renewable Hybrid Power Plant
Aggreko announced a landmark 15‑year power purchase agreement with Harmony Gold to supply the Eva copper project in northwest Queensland. The off‑grid hybrid plant will combine a 118 MW solar farm, a 250 MWh battery storage system and a 104 MVA thermal generator,...
ITM Power Wins £86.5m UK Backing for Sheffield Hydrogen Electrolyser Factory
ITM Power secured £86.5 million from the UK government and Great British Energy to expand its Sheffield electrolyser factory, targeting a 1 GW production capacity. The investment will add a new production line and create over 400 jobs, positioning the site as...
DESNZ Launches Pilot for Non-Pipeline Carbon Capture Transport
The UK Department for Energy Security and Net Zero has launched the Non‑Pipeline Transport (NPT) Pathfinder, a pilot to test road, rail and ship CO₂ transport alongside existing pipelines. The initiative follows the December 2024 contracts for the Teesside carbon...
GridStor, Axpo Execute Energy Storage Revenue Swap Agreement for 440MWh Texas BESS
GridStor and Swiss utility Axpo have executed a revenue‑swap agreement for the 220 MW/440 MWh Hidden Lakes battery‑energy‑storage system in Galveston County, Texas. The swap converts volatile merchant market revenue into a fixed, guaranteed payment, allowing GridStor to de‑risk its investment while...
EU to Relax Methane Rules to Secure Energy Supplies
The European Union announced it will temporarily relax its methane‑emissions rules to safeguard energy supplies amid a tightening gas market. The move delays the implementation of leak‑detection technology and allows member states to apply short‑term exemptions for operators. Officials say...
Planet-Friendly Logistics
In February the U.S. government repealed the EPA’s 2009 Endangerment Finding, stripping the agency of authority to regulate greenhouse‑gas emissions under the Clean Air Act. Despite this policy reversal, the logistics sector—particularly maritime shipping—continues to pursue decarbonization, with the International...