Hormuz Risk Is Redrawing the Supply Chain Geography of Energy
Geopolitical tension in the Strait of Hormuz is prompting a strategic shift in global energy supply chains. Japan has opened talks with the UAE to increase crude imports and create joint stockpiles, while the UAE’s Fujairah port offers an alternative export route outside the chokepoint. ADNOC’s planned $55 billion project‑award program (2026‑2028) underscores the move toward infrastructure that adds routing optionality. Executives are re‑evaluating network designs, treating energy exposure as a risk variable rather than a pure cost factor.
USA Considers Tapping Oil Under Military Bases to Refill SPR
The Trump administration is evaluating the possibility of drilling for oil beneath U.S. military bases and other Department of War sites to help replenish the Strategic Petroleum Reserve (SPR), which is projected to hit its lowest level since 1982. The...
Citi Sees Oil ‘Moving Around Like Crazy’ in Hope-and-Fear Dance
Citigroup’s global head of commodities research Max Layton warned that oil prices will remain wildly volatile until a clear outcome emerges from the ongoing US‑Iran conflict. He highlighted the difficulty of predicting Iran’s actions under its new leadership, saying markets...
Exelon Lowers Utility Spending to Ease Electric Affordability Issues
Exelon announced a $350 million reduction in its 2024 capital spending plan, redirecting funds toward transmission infrastructure to help keep electric bills low. The utility will increase transmission investment by $1.5 billion, targeting a 16% annual growth in the transmission rate base...
Why Energy Storage Is Moving Beyond the Capex Debate
The energy‑storage debate is shifting from a narrow focus on upfront capital costs to a broader assessment of lifetime economics. While early projects relied on capex as a viability proxy, today investors and operators emphasize operating reliability, degradation, and risk...
Marinakis Gas Carrier Firm CCEC Speeds up Newbuild Deliveries in Market Boom
Capital Clean Energy Carriers (CCEC), owned by Evangelos Marinakis, announced it will accelerate the delivery of three of its nine LNG carriers. The firm arranged with Hyundai Samho Heavy Industries to receive the vessels ahead of schedule. This move aims...
Thistle Submits Bowdun Offshore Application
Thistle Wind Partners has lodged the offshore consent application for its 1 GW Bowdun Offshore Wind Farm with Scotland’s Marine Directorate. The project is designed to generate enough electricity to power over 1.2 million homes and will create more than 700 construction...
Oil Falls Below $100 on Peace Deal Hopes
Oil prices slumped on Thursday, with Brent crude falling 4.3% to $96.96 a barrel and U.S. West Texas Intermediate dropping 4.7% to $90.64. The decline pushed Brent below the psychologically important $100 threshold, driven by fresh optimism that a U.S.-Iran...
SEG Solar to Open Second Solar Panel Factory in Texas
SEG Solar is investing $200 million to build a 4‑GW solar module assembly plant in Houston, joining its existing 2‑GW facility and raising U.S. capacity to 6 GW. The 500,000‑square‑foot factory will start production in Q3 2026 and create about 800 jobs. The...
Airlines Are Grappling with Dwindling Supplies of Jet Fuel
Airlines are confronting a sharp decline in jet‑fuel availability after the near‑total shutdown of the Strait of Hormuz, a key conduit for both crude oil and refined products. The blockage has halted the export of Gulf‑sourced jet fuel, driving prices...
Ksi Lisims LNG in ‘Advanced’ Discussions for More Offtakers as It Targets FID by Year’s End
The Ksi Lisims LNG project in British Columbia has secured all construction permits and begun building its feed‑gas infrastructure. So far it has signed offtake contracts for 4 million tonnes per year and is now in advanced talks with additional customers. The...
EOG Profit Exceeds Expectations
EOG Resources reported adjusted net income of $1.83 billion for Q1 2026, surpassing the Zacks consensus of $3.07 per share with a $3.41 EPS beat. Revenue rose to $6.92 billion as crude and condensate output climbed to 548,500 bpd, while the company kept its...
Germany Opens €5bn Subsidy Scheme to Help Industry Electrify
Germany has launched the second round of its Carbon Contracts for Difference (CCfD) scheme, allocating €5 bn ($5.9 bn) to subsidise industrial electrification, hydrogen use and carbon capture. The programme pays the gap between EU ETS carbon prices and a pre‑set strike...
Seatrium and ABS Join Forces to Advance Maritime and Offshore Energy Spheres
The American Bureau of Shipping (ABS) and Seatrium Technology and Innovation have signed a memorandum of understanding to accelerate innovation, regulatory alignment, and sustainable technologies in maritime and offshore energy. The partnership will facilitate knowledge exchange, technical collaboration, and support...
Geopolitical Tensions Push Oil Trading Higher in Q1, easyMarkets Reports
Geopolitical tensions in early 2026 drove a sharp rise in crude‑oil trading on easyMarkets, making oil one of the fastest‑growing assets despite overall volume moderation after a hectic 2025. Gold stayed the platform’s most traded instrument, though activity fell about...
Nordex Celebrates 10 Years of Integration with Acciona Windpower - Europe’s Wind Industry Calls for Stronger Protection of Strategic Technologies
Nordex marked the ten‑year anniversary of its Acciona Windpower integration, showcasing its growth to over 64 GW of installed capacity in more than 40 markets and FY 2025 revenue of €7.6 bn (about $8.3 bn). Executives and European policymakers, including former Vice‑Chancellor Robert Habeck, used the...
Oil Prices Slide on Hopes for Renewed U.S.-Iran Peace Talks
Oil prices fell on Thursday after President Trump announced that the United States had held “very good talks” with Iran, reviving hopes for renewed peace negotiations. The market reaction lifted U.S. equities while gasoline prices continued to rise, with regional...
China Vows Action After EU Cuts Funding for Green Projects Using Chinese Inverters
The European Commission announced a ban on EU funding for clean‑energy projects that use Chinese‑made solar inverters, citing security concerns. Beijing denounced the move as unfair, labeling China a "high‑risk" country without evidence, and warned of retaliatory measures. Chinese firms...
DIS Expects Months of Tailwinds for Tankers if Strait of Hormuz Re-Opens
Italian tanker owner d’Amico International Shipping (DIS) says a rapid de‑escalation of the US‑Iran conflict and the reopening of the Strait of Hormuz will create months of tailwinds for its product tanker fleet. The CEO highlighted that the war has...
Climate Campaigners Attack Shell over ‘Windfall’ Profits From Iran War
Shell reported first‑quarter earnings of $6.9 bn (£5 bn, about $6.35 bn), a 115% jump that outpaced analysts’ $6.4 bn forecast. The surge stemmed from oil prices climbing from $61 to $119 a barrel as the Iran‑US conflict disrupted the Strait of Hormuz. Shell...
Rezolv Energy Launches 225MW Solar Project in Bulgaria
Rezolv Energy has commissioned the 225 MW St. George solar park in Silistra, Bulgaria, marking its first large‑scale operational project. Built on the former Silistra airport, the 165‑hectare brownfield site hosts nearly 400,000 panels and a 90 MW/240 MWh battery storage system funded partly...
Bright Power Launches AI-Powered Energy Compliance and Carbon Forecasting Platform for Commercial Real Estate
Bright Power announced Bright Power AI, an AI‑driven platform that combines two new software tools—Predict and Navigate—to help multifamily real‑estate owners forecast carbon compliance, plan retrofits, and automate energy‑benchmarking reporting. Predict delivers emissions baselines, scenario modeling, and fine projections, while...
NANO Nuclear to Hold Second Quarter Business Update Webcast on May 14, 2026
NANO Nuclear Energy Inc. (NASDAQ:NNE) announced a second‑quarter fiscal 2026 business‑update webcast for Thursday, May 14, 2026 at 5:00 p.m. ET, coinciding with its upcoming Form 10‑Q filing covering the quarter ended March 31, 2026. The company highlighted progress on its KRONOS MMR™ high‑temperature...
Qcells to Manufacture Residential Battery System in Michigan
Qcells announced a partnership with contract manufacturer Jabil to produce its third‑generation residential energy‑storage system, the Q.HOME CORE G3, at Jabil’s Auburn Hills, Michigan plant. The LFP battery is domestic‑content‑eligible and is now commercially available for nationwide shipment. The storage...
Both Left and Right Are Deluding Themselves About the Scale of the Energy Crisis Britain Faces | Ewan Gibbs
Britain’s energy crisis stems from decades of privatization that stripped the state of control over oil, gas and refinery assets, leaving the country vulnerable to geopolitical shocks such as Russia’s war in Ukraine and the Gulf blockade. The loss of...
Asean May Involve Private Sector in Oil Stockpiling Framework - Johari Ghani
ASEAN is weighing a private‑sector‑driven oil stockpiling framework to bolster long‑term energy security across the bloc. Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani said governments alone cannot execute the plan and suggested a pilot among three or...
Home Energy Upgrades You Can Apply for From SEAI
The Sustainable Energy Authority of Ireland (SEAI) is urging homeowners to start energy‑efficiency upgrades now, leveraging an expanded suite of government‑funded grants. In the first quarter of 2026, SEAI funded 12,300 home improvements and has already processed a record 25,000...
Oil Prices Fall Below $100 as U.S.-Iran Tensions Keep Traders Focused on Strait of Hormuz Risks
Oil prices slipped below the $100 mark on Thursday as geopolitical risk in the Middle East resurfaced. Brent crude fell 1.85% to $99.40 a barrel while U.S. WTI rose to $93.21, reflecting mixed market reactions. President Donald Trump warned that...
India’s Military Turns to Green Energy Options as Iran War Prompts New Strategy
India’s armed forces are accelerating a shift toward renewable energy as oil and gas prices spike amid the Iran‑Israel conflict. The army plans to replace natural‑gas stoves with biogas units and is testing solar, wind and green fuels for bases...
China’s New Hydrogen Push Could Be a Step Towards Cleaner Steel
China’s ministries have launched a new hydrogen pilot rewarding five city clusters to accelerate low‑carbon hydrogen use, especially in steelmaking. The programme earmarks about CNY 8 bn (~$1.2 bn) in subsidies over four years, with up to CNY 1.6 bn (~$232 m) per cluster, and seeks...
Spain Allocates €212m for Offshore Wind Ports
Spain’s government has provisionally set aside €212 million (about $231 million) from its Recovery, Transformation and Resilience Plan to upgrade six coastal ports for offshore wind and marine‑energy projects. The targeted facilities are Gijón, Las Palmas, Tarragona, Castellón, and the combined ports of...
Stantec to Oversee New Tees Valley Energy-From-Waste Plant
Stantec has been selected to provide technical oversight and advisory services for the Tees Valley Energy Recovery Facility, a 450,000‑ton‑per‑year energy‑from‑waste plant in Redcar. Developed by Viridor for a consortium of seven North‑East local authorities, the plant will treat residual...
South African Miners Pivot to Atlantic Diesel Supplies
South African mining firms are redirecting diesel purchases from the Middle East to suppliers in the United States and Brazil. The shift follows a sharp rise in diesel prices linked to the ongoing conflict in the Middle East, which now...
PJM Floats Options for Capacity Market Overhaul
PJM Interconnection released a white paper outlining three reform frameworks for its capacity market, aiming to secure reliable power supplies across its 13‑state region. The proposals include stabilizing the existing market with long‑term contracts (Path A), introducing differential reliability that could...
India Must Integrate Crude, Gas, LPG and Battery Storage Under One Policy: S&P Global's Gauri Jauhar
India needs a single energy‑storage policy that integrates crude oil, LPG, natural gas, battery storage and power systems, S&P Global’s Gauri Jauhar said. She highlighted that the 2026‑27 Union Budget boosted allocations for coal‑gasification by over 800% and battery storage...
SMRs v Renewables: Mini Nuclear's Costs Judgement Day Is Coming
The European Commission unveiled its first Small Modular Reactor (SMR) strategy, projecting up to 53 GW of SMR capacity in the EU over the next 25 years. Early deployments are expected around 2030, with projects in Canada, the UK, Czechia and Sweden...
Drop in Residential Solar Drives German PV Installations Down in Q1 2026
Germany’s solar market slowed in Q1 2026, with total PV installations falling 6% YoY to 3.51 GW. Residential systems dropped 21% to 850 MW, while commercial rooftop projects fell 33% to 600 MW. Ground‑mounted solar was the sole bright spot, climbing 20% to nearly...
Reform Hits Back Against RenewableUK Chief in Row over Wind Farm Support
Reform UK has pledged to scrap Contracts for Difference (CfD) for wind and solar farms if it wins power, prompting RenewableUK chief Tara Singh to warn the move would erode investor confidence and raise project costs. Singh, a former Shell...
Tata and JSW to Spend $1bn Building India’s Way Out of Chinese Battery Dependence
India’s EV sector, heavily reliant on Chinese battery cells, faces supply‑chain risk after Beijing tightened export controls on graphite, lithium‑processing equipment and cell‑making machinery. In response, Tata Group and JSW Group have pledged just under $1 billion to fund multi‑year R&D...
Delfin Signs Long-Term LNG Supply Deal with Gunvor
Delfin Midstream’s subsidiary Delfin LNG has signed a 20‑year contract to supply 0.3 million tonnes per annum of LNG to commodity trader Gunvor. The cargo will be delivered FOB from the FLNG1 floating facility located about 40 nautical miles off Louisiana....
Sinopec Books LNG Bunker Newbuild
China’s Sinopec Clean Energy has placed an order for a 12,000 cu m LNG bunkering vessel with Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE). The contract, valued at roughly RMB 565 million (about $83 million), was awarded through Sinopec’s 2026 LNG bunkering vessel tender. The...
Organic Flow Battery Company CMBlu Closes €50 Million Series C
CMBlu Energy announced the close of a €50 million (US$58.8 million) Series C round, pushing its valuation past the $1 billion mark. Samsung Ventures led the new capital while all existing backers, including Strabag SE, reinvested. The funding supports rollout of the SolidFlow organic‑redox‑flow battery,...
Excelerate Reroutes Newbuild FSRU to Jordan Amid Iraq Delays
Excelerate Energy has secured a nine‑month interim charter for its new‑build FSRU Excelerate Acadia with Jordan’s National Electric Power Company, slated to start mid‑2026 at the Aqaba LNG terminal. The charter is expected to add roughly $20 million of adjusted EBITDA...
Powerful US Utilities Secretly Fund ‘Grassroots’ Groups to Sway Cities Away From Switch to Public Power
Private utilities are deploying a network of industry‑funded front groups to undermine municipalization efforts in cities such as Ann Arbor, Michigan, San Diego and St. Petersburg. In Ann Arbor, the Ann Arbor Responsible Energy Coalition received nearly $2 million from DTE...
The Balcony Solar Boom Is Coming to the US
US states are moving to legalize plug‑in balcony solar, a small, plug‑and‑play photovoltaic system that can generate up to 800 W. Utah already passed a law exempting low‑power certified panels from interconnection permits, and more than two dozen states, including New...
Gas Prices Keep Rising, but Do Big Oil Companies Plan to Drill More? Not so Far
Oil majors such as Chevron, ExxonMobil and ConocoPhillips are keeping production plans steady despite Brent crude trading above $100 per barrel after the Iran‑Hormuz conflict disrupted supplies. Executives cite uncertainty over the war’s duration and a disciplined capital strategy that...
IPPs Complete 840MWh of Bulgaria BESS, Projects Progress Elsewhere in Southeast Europe
Independent power producers are rapidly scaling battery energy storage across Southeast Europe. Enery commissioned a 150 MW/601.8 MWh BESS in Bulgaria, now the largest operational system in the CEE region. Parallel projects include Rezolv’s 240 MWh storage paired with 225 MW solar, Moldova’s 60 MWh...
Solar Foundation Manufacturer American Steel and Aluminum Expands Production
American Steel and Aluminum (ASA) opened a 5,000‑square‑metre plant in Syracuse, New York, its second facility in the city. The expansion targets surging demand from renewable‑energy projects, data‑centre builds, and defence contracts. ASA recently introduced a domestically produced solar‑ground screw to...
VIDEO – Energy Storage Summit 2026: What Technology Will Be Deployed for LDES?
At the Energy Storage Summit 2026 in London, a panel of six experts examined which long‑duration energy storage (LDES) technologies best address emerging grid needs. Moderated by Sam Wilks, the discussion highlighted the role of LDES in bridging multi‑hour to multi‑day...
SPIE Secures Cable Termination Work on Poland’s Bałtyk 2 & 3 Offshore Wind Farms
SPIE Global Services Energy has been awarded a contract by Seaway7 to perform inter‑array cable termination and testing for Poland’s Bałtyk 2 and Bałtyk 3 offshore wind farms. The work, handled by SPIE’s Wind Connect unit, will begin in the second quarter...