Energy News and Headlines
Energy News and Headlines
Energy Pulse
EMAIL DIGESTS
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EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
India's Bihar state government plans to list its power transmission arm, Bihar State Power Transmission Company Ltd (BSPTCL), on the NSE, making it the first state‑owned transmission utility to go public. The IPO will fund a ₹16,194 crore (≈$1.95 billion) transmission expansion to boost capacity and integrate renewables, as the state’s peak demand is expected to climb from 8,800 MW to over 13,000 MW by 2030. BSPTCL reported FY25 revenue of ₹1,968 crore (≈$237 million) and a profit after tax of ₹286 crore (≈$34.5 million), underscoring a decade of profitability. Officials also hinted at future listings of the state’s distribution companies, NBPDCL and SBPDCL, within the next two years.
U.S. and Israeli strikes have severely damaged more than 40 oil and gas assets across nine Middle Eastern countries, prompting a looming reconstruction boom. The International Energy Agency likens the fallout to the 1970s oil shocks combined with the Russia‑Ukraine...
The EPA has cancelled the 2024 rebate round of the Clean School Bus Program, leaving roughly $2.3 billion in funding still available. Although the Bipartisan Infrastructure Law mandates that at least 50 percent of those funds support zero‑emission vehicles, the agency is...
A February 24 explosion at a hydrogen trailer yard in Colton killed one technician and injured another, prompting an immediate halt to compressed‑hydrogen truck operations across California. Safety protocols forced the withdrawal of all such trucks, freezing the state’s gaseous supply...
Entergy’s shares have surged more than 30% over the past year as data‑center demand fuels a robust capital‑expenditure cycle. The company secured a power‑purchase agreement with Meta that adds 5.2 GW of new capacity while transferring construction risk to the tech...
Governments worldwide are intervening in the latest energy price shock with subsidies, price caps, and cash transfers, pushing costs onto public finances. In Asia, where energy and food make up half of inflation baskets, measures range from Philippines cash aid...
Jharkhand’s GOBARdhan scheme, part of the Swachh Bharat Mission (Grameen) 2.0, has installed 44 biogas plants across 24 districts, directly benefiting 745 rural families. The plants convert cattle dung into cooking gas and organic manure, cutting reliance on firewood and...
LPG inventories across Vidarbha’s PSU oil firms have plunged, with HPCL and BPCL holding less than a day’s worth of cylinders and IOCL slightly better at 1.4 days plus three days of inbound supply. Panic buying has kept demand robust,...
Arunachal Pradesh inaugurated a 30‑cubic‑metre biogas plant at the Central Cattle Breeding Farm in Nirjuli, converting daily cow‑dung output into clean cooking fuel. The two‑unit system processes 5‑6 quintals of manure each day, supplying biogas to the farm’s residential quarters and...
Prime Minister Narendra Modi highlighted the rapid expansion of the PM Surya Ghar Muft Bijli Yojana, a scheme launched in February 2024 that subsidises up to 40 percent of rooftop solar installations for 1 crore households. He cited success stories from Gujarat,...
Presidential aspirant Faduri Oluwadamilare Joseph of the National Rescue Movement announced he will reinstate Nigeria’s petrol subsidy if elected in 2027. He criticized the 2023 removal under President Bola Tinubu as poorly planned and favoring the wealthy, causing hardship for...
PetroChina reported a net profit of 157.3 billion yuan ($22.8 billion) for 2025, a 4.5% decline from the prior year as Brent crude fell to about $68 a barrel, 15% lower YoY. Despite weaker oil prices, the company’s natural‑gas segment lifted operating...
India shipped 38,000 metric tonnes of petroleum—20,000 tonnes of diesel and 18,000 tonnes of petrol—to Sri Lanka after a call between Prime Minister Narendra Modi and President Anura Kumara Disanayaka. The shipment arrived in Colombo on 28 March 2026, providing...
Since 2000, solar has outpaced all energy sources, rising from 228 GW in 2015 to an estimated 2,919 GW in 2025, now providing about 10% of global electricity. China leads with roughly 1,300 GW and dominates panel manufacturing, while the EU and the...
Australian independent oil producer Santos is accelerating crude deliveries to support domestic refining amid the closure of the Strait of Hormuz, which has disrupted over 20% of global seaborne oil and LNG trade. The company reshaped a 575,000‑barrel Cooper Basin...
House Minority Leader Marcelino “Nonoy” Libanan called on the state‑owned Philippine National Oil Co. (PNOC) to develop coastal petroleum storage facilities in the Visayas and Mindanao, citing the current global fuel crisis triggered by the U.S.–Israeli war on Iran. He...
India introduced export duties of about $0.26 per litre on diesel and $0.36 per litre on aviation turbine fuel, while cutting excise duty on petrol and diesel by roughly $0.12 per litre. The new regime leaves the status of Reliance...
The National Stock Exchange of India (NSE) will launch Dated Brent Crude Oil (Platts) futures on April 13, 2026, after receiving SEBI approval. The contract will be cash‑settled, with monthly settlement based on the simple average of Platts Dated Brent...
India’s PM‑KUSUM scheme has installed over 1 million solar irrigation pumps, proving that decentralized renewable energy can scale in agriculture. The current tender‑driven, state‑led procurement model, however, creates episodic demand spikes and leaves manufacturers and farmers waiting for the next tender...
The plug‑in balcony solar market, pioneered in Ukraine and exploded in Germany, is now entering the United States as households seek portable, low‑cost renewable power. German installations topped one million units in 2023‑24, spurring Enphase to launch a dedicated IQ...
Meralco announced scheduled power interruptions from March 30 to April 1 across parts of Metro Manila, Cavite and Bulacan as it conducts maintenance, line reconductoring, pole replacement and facility relocations. Outages affect residential and commercial districts in Imus, Malabon, Pasig, Makati, Muntinlupa...
The escalating Iranian conflict has pushed crude oil prices above $100 per barrel and raised the specter of a Strait of Hormuz closure, which could choke one‑fifth of global oil flow. Such a supply shock would amplify fuel costs, trigger...
Brent crude has surged past $100 a barrel and WTI topped $90, creating a price environment that comfortably exceeds shale breakeven levels. Yet U.S. oil drillers remain hesitant, citing the ongoing Middle East conflict as a major obstacle to investment...
Bulgaria's caretaker government announced a €100 million (~$108 million) package to mitigate the impact of soaring oil prices, which have risen up to 24% since the Iran war. The plan includes a 50% electricity cost compensation for businesses when prices exceed €122/MWh...
UK Conservative leader Kemi Badenoch is launching a "get Britain drilling" campaign that proposes ending the moratorium on new oil and gas licences, scrapping the windfall tax on energy profits, and boosting financial support for the fossil‑fuel sector. She argues...
Estonia’s transmission operator Elering will install concrete shielding around critical grid components after a drone struck the Auvere power plant’s chimney on March 25. The attack, likely originating from a Ukrainian‑run operation, highlighted the vulnerability of above‑ground infrastructure near the Russian...
Hawaii’s recent HSEO study claimed an interim shift to LNG could lower costs and emissions, estimating a $150 million net present value and $10.2 /MWh savings. The analysis, however, excluded fuel‑price volatility and assumes LNG prices stay within a tight 10 % margin—an...
The International Energy Agency (IEA) has urged governments and consumers to slash energy use as the U.S.–Israeli attack on Iran fuels the biggest oil disruption in history, with the Strait of Hormuz closed for weeks. To blunt price spikes, the...
President Trump-backed Congress eliminated the $7,500 federal EV tax credit, triggering an early sales slump, but the ongoing US‑Israel conflict with Iran has revived consumer interest in electric vehicles. At the same time, battery innovators such as BYD and Volvo...
Trump Media & Technology Group (DJT) announced a $6 billion merger with private fusion firm TAE Technologies, aiming to bring commercial fusion development to public markets. The partnership will fund TAE's "Norm" reactor, a nickel‑chromium device designed to replicate stellar processes...
Staten Island Councilman Frank Morano introduced a bill demanding live data feeds and annual independent inspections for large outdoor battery storage facilities, arguing existing FDNY oversight is insufficient. The proposal comes as New York City’s fire department already enforces rigorous...
Iran has threatened to sabotage key oil and gas facilities in Saudi Arabia, Qatar, and the UAE, echoing past attacks such as the 2019 Abqaiq strike. While U.S. President Trump has extended his deadline for a potential strike on Iranian...
Spain’s electricity market is insulated from the current European energy crunch thanks to a renewable‑heavy mix—almost 60% of its power comes from solar, wind and nuclear—keeping the average price at about €14/MWh (≈$15) versus over €100/MWh (≈$107) in Italy, Germany...
A new documentary featuring French historian Jean‑Baptiste Fressoz examines how the shift to renewable electricity reshapes raw material consumption. It reveals that while wind turbines and solar panels reduce carbon emissions, they increase demand for steel, copper, and even wood....
AI’s soaring compute needs are forcing tech firms to hunt for dependable baseload power, exposing the fragility of natural‑gas supply chains after recent Middle‑East disruptions and turbine backlogs that won’t clear until the early 2030s. Small modular reactor (SMR) startups...
India’s Ministry of Heavy Industries has extended the PM E‑DRIVE subsidies for electric two‑wheelers (E2Ws) to July 31 2026 and for electric three‑wheelers (E3Ws) to March 31 2028, while imposing price ceilings of roughly $1.8 k for E2Ws and $3 k for E3Ws. The scheme now offers...
The Iran‑Russia war has driven European petrol and diesel to multi‑year highs, exposing the United Kingdom’s thin fuel reserves—about 21 days of gasoline and 22 days of diesel. Analysts say that expanding the electric‑vehicle fleet could add roughly a week of petrol‑equivalent...
Higher oil prices spurred by the Middle East conflict are prompting Citi to predict a resurgence in U.S. shale drilling later this year, with an expected output boost of more than 100,000 barrels per day by 2027. The bank’s forward‑curve...
IKM Testing UK secured a pre‑commissioning contract for the Northern Endurance Partnership (NEP) carbon capture and storage project in eastern England. The work, overseen by main contractor Saipem, covers pipeline flooding, cleaning, gauging and hydro‑testing to ready the system for...
Hong Kong authorities seized 1,600 litres (423 gallons) of diesel worth about US$6,400 from an illegal fuel station in Sai Wan, arresting a man for fire‑hazard and dangerous‑goods violations. The raid follows earlier operations that confiscated over 8,000 litres of illicit...
The German H2Sky project, completed after a €26.5 million (~$29 million) grant from the Federal Ministry for Digital and Transport, delivered an aviation‑optimised fuel‑cell stack delivering 100‑200 kW. The stack targets the high power‑density, efficiency and reliability demands of electric propulsion for propeller‑driven...
The Philippine Department of Energy has signed contracts to import 1 million barrels (≈165.7 million liters) of diesel, enough for five days of national consumption. The deals, brokered through the Philippine National Oil Company Exploration Corp., are part of a P20 billion ($360 million)...
SK Signet, the SK Group’s charging arm, launched a 400 kW all‑in‑one DC fast charger that trims its footprint by 54% and reaches 96.5% energy efficiency thanks to high‑density silicon‑carbide power modules. The integrated design eliminates the external switchgear cabinet, simplifying...
Andhra Pradesh Energy Minister Gottipati Ravi Kumar has ordered a fast‑track rollout of the PM Surya Ghar: Muft Bijli Yojana and the Revamped Distribution Sector Scheme (RDSS). The Surya Ghar scheme promises up to 300 kWh of free solar electricity per month for one crore households, with a special...
The Maharashtra Electricity Regulatory Commission (MERC) issued a fresh multi‑year tariff order for MSEDCL, delivering residential electricity bill cuts ranging from 4% to 26% through the 2029‑30 fiscal year. The order replaces a 2025 order that faced a Supreme Court‑mandated...
The 1973‑74 Arab oil embargo and the 1978‑79 Iranian revolution caused oil prices to quadruple, triggering severe gasoline shortages and reshaping global financial markets. Those shocks redirected capital flows and solidified the U.S. dollar as the world’s primary reserve currency....
Summit Carbon Solutions, originally marketing its Midwest CO₂ pipeline as a carbon‑sequestration tool for ethanol plants, has quietly redirected the project toward enhanced oil recovery (EOR). The shift follows expanded federal tax credits that reward CO₂ used in oil production...
Oil prices surged after the United States and Israel struck Iranian nuclear sites, with Brent climbing 4.2% to $112.57 a barrel and WTI jumping 5.5% to $99.64. At the same time, equity markets slipped, the S&P 500 closing 1.7% lower and...
Madhya Pradesh's electricity regulator approved a 4.8% power tariff increase effective April 3, 2026, prompting alarm among manufacturers in Pithampur, Mandideep and surrounding clusters. Industry bodies argue the hike will erode profit margins, especially for MSMEs already squeezed by rising...
Kerala’s power grid recorded a season‑high peak demand of 5,836 MW between 10:30 pm and 11 pm on Thursday, surpassing the 5,600 MW forecast for May. Total electricity consumption in the preceding 24 hours reached 109.1 million units, edging close to the state’s all‑time daily record...
