Petronas Picks Local Tubular Running Services Provider for Next Five Years
Petronas has awarded a five‑year tubular running services contract to Destini Oil Services, the energy arm of Malaysia’s Destini Group. The agreement, effective 30 March 2026 through 29 March 2031, lets Destini deploy its local assets and workforce to deliver cost‑efficient solutions for the state‑owned oil giant. Destini says the long‑term deal will bolster its energy‑division performance and support Malaysia’s broader energy‑security goals. The contract also highlights Destini’s expanding footprint across Southeast Asia and South Asia.
New Zealand’s Meridian Reports Higher Hydro Storage
Meridian Energy reported a 13.5% jump in April generation to 1,009 GWh, driven by strong hydro output despite weaker wind. National hydro storage rose to 119% of its historical average, with North Island levels soaring to 201% after heavy rains. The...
Strong Policy, Weak Delivery: Statkraft Boss on Where UK and Ireland Fall Short on Renewables
Statkraft is scaling a diversified portfolio of wind, solar, battery and grid‑stability projects across the UK and Ireland, with more than 1 GW of developments in the pipeline. The company has already brought 300 MW of lithium‑ion batteries online in Scotland and...
Turbine Blade Breaks, Falls to Ground at Wind Farm Damaged by Lightning Strike in 2019
A turbine blade snapped and fell to the ground at the 228 MW Lal Lal wind farm in Victoria on May 15, 2026. The failure occurred on turbine Y23 in the Yendon section, prompting an immediate exclusion zone but causing no injuries. This is...
Utility Giant Bets Big on Data Centre Demand with Plans to Build Australia’s Biggest Gas Plant
EnergyAustralia has applied to double the capacity of its Marulan gas‑fired power station to 1.43 GW, converting it to a fast‑start open‑cycle peaking plant. The utility cites a looming gigawatt‑scale gap in New South Wales as coal units retire and data‑centre...
Oil Prices Jump After Trump Says China Agreed to Buy U.S. Crude Following Xi Talks
President Donald Trump announced that China agreed to purchase U.S. crude following his meeting with Xi Jinping, sending Brent crude up 1.49% to $107.30 and WTI up 1.55% to $102.74. Beijing has not confirmed the deal, and officials declined to...
Banks Are No Longer Financing the Energy Transition on Faith, and Are Declining Deals They Once Would Do
Australian banks are pulling back from financing renewable projects they once backed, shifting from a faith‑based approach to rigorous risk repricing. Heightened price volatility, tighter transmission constraints and a move toward shorter‑tenor PPAs have made revenue modelling more uncertain. Lenders...
Commentary: Nuclear Needs May Shape Serbia’s Geopolitical Future
Serbia lifted its decades‑long ban on nuclear power in November 2024, sparking competition among Russia’s Rosatom, France’s EDF, South Korea’s KHNP and other firms to build the country’s first reactor. The decision is pivotal as Serbia, a net energy importer...
Iran's Kharg Island Loads 1st Tanker in a Week
Iran’s Kharg Island terminal loaded a 500,000‑barrel tanker on May 14, marking the first shipment since May 7 and directly challenging U.S. assertions that Iranian storage is full and loadings have halted. Maritime data firms Windward and TankerTrackers.com report that...
Paying at the Pump: A Timeline of U.S. Gas Prices
U.S. gasoline prices have historically mirrored crude‑oil movements, rising and falling as global supply and demand shift. However, abrupt disruptions—such as geopolitical crises, natural disasters, or pandemics—can cause sharp, short‑term spikes that break the usual trend. The article traces key...
PJM Dumps Wind and Solar
PJM Interconnection announced it will scale back planned wind and solar capacity additions, citing reliability concerns as demand flattens and reserve margins tighten. The shift signals a move toward more dispatchable generation, such as natural‑gas and nuclear, to ensure grid...
Australia Shortlists Renewable Hydrogen Projects for Funding Support
The Australian Renewable Energy Agency (ARENA) has shortlisted a group of large‑scale renewable hydrogen projects for Round 2 of its Hydrogen Headstart Program, covering ammonia, alternative fuels and other end‑uses across several states. The federal budget for the program was cut...
Tesla Solar Roof Is on Life Support as It Pivot to Panels
Tesla’s Solar Roof, once touted as a game‑changing residential solar solution, has stalled after installing roughly 3,000 systems—far short of the 1,000‑per‑week target set for 2019. Deployment peaked at 2.5 MW per quarter in Q2 2022 and then fell, with Tesla ceasing...
Energy Security & Affordability in a New Geopolitical Era: A Future-Proof Post-2030 EU Energy Framework
European civil society and industry are urging the EU to adopt a binding post‑2030 energy framework that accelerates the exit from fossil fuels. The proposal calls for reinforced renewable and energy‑efficiency targets, a new electrification pillar, and stronger enforcement mechanisms,...
Record Power Burn Expected This Summer as Coal Retirements and Data Centers Drive Gas Demand
U.S. natural‑gas supply is set to hit a record 117 billion cubic feet per day this summer, while total demand climbs to 108.7 Bcf/d, driven by LNG exports, data‑center load, and a surge in power‑burn. Power‑burn alone is forecast at 40.3 Bcf/d, the...
Casella Waste Systems and Waga Energy Unveil RNG Facility at Ribbon Cutting
Casella Waste Systems and Waga Energy inaugurated a renewable natural gas (RNG) plant at the Chemung County Landfill in Elmira, New York. The facility, operating since January 2026, uses Waga’s patented WAGABOX® technology to upgrade landfill gas into pipeline‑quality RNG....
U.S. Ships Millions of Reserve Oil Barrels Overseas Amid War
The United States has shipped roughly 13 million barrels of crude from its Strategic Petroleum Reserve (SPR) to Europe and other markets, accounting for about 40% of the oil released so far. The release is part of a broader Trump‑admin plan...
Grid Operator PJM Interconnection Aims Changes to Speed New Capacity Adds
PJM Interconnection, the United States’ largest grid operator, announced a revamped interconnection review process to speed the addition of new generating capacity. The updated queue contains 811 projects totaling 220 GW, spanning coal, natural gas, nuclear, hydro, battery storage and renewables....
Mild Weather Masks Upside for ANR SE Amid Prolonged Pipe Work, Looming Summer Heat
Mild weather has kept natural‑gas price upside limited for ANR SE, even as the ANR Pipeline’s Midwest repairs stretch into late June. The ANR SE premium over REX Zone 3 Delivered peaked at 26.2 cents in March, slipped to 18.9 cents in May,...
Hormuz Oil Flows Creep Higher as More Supertankers Exit
The number of supertankers exiting the Strait of Hormuz has risen, with four VLCCs—each carrying roughly 2 million barrels—departing since May 10, approaching a flow of about 2 million barrels per day. This is a modest increase compared with pre‑war traffic of roughly...
Russian Crude Exports Fall in First Half of May
Russian crude oil exports surged by roughly 400,000 barrels per day in April, but the first two weeks of May saw a sharp reversal as Ukrainian drone attacks disrupted shipment routes. The attacks have not only cut export volumes but...
Oceanside’s Energy Infrastructure Project Earns Smart Cities Award, with $26 Million in Projected Tax Savings
The City of Oceanside, California, earned a Smart 20 award for its Energy Infrastructure Upgrade Program, which bundles solar, battery storage, LED lighting, HVAC upgrades and smart controls. The initiative is projected to save $26 million in taxes, cut electricity use by...
OPG’s Darlington Project Proves the SMR Modular Thesis for Investors
Ontario Power Generation installed the first prefabricated basemat module for its Darlington New Nuclear Project, marking the debut of a grid‑scale Small Modular Reactor in the G7. The module, built off‑site and lowered by crane, demonstrates the time‑saving modularity that...
Global Wind Installations Surge as OEMs Pass 100GW
Global wind turbine installations jumped to a record 178 GW in 2025, a 40% year‑on‑year rise, with 28,395 turbines deployed. Five manufacturers—Vestas, Goldwind, Siemens Gamesa, GE Vernova and Envision—each surpassed 100 GW of cumulative capacity, cementing a new industry milestone. Chinese OEMs captured the...
Panasonic Raises EV Battery Outlook Based On Tesla's Sales Bounce
Panasonic raised its U.S. EV battery sales outlook for the fiscal year ending March 2027, projecting an 18.9% increase to 46 GWh, driven by Tesla’s rebound. Tesla’s Q1 market share jumped to 54% even as overall U.S. EV sales fell 27%, prompting...
Q1 Saw Net Loss of 5,900 Renewable Energy Manufacturing Jobs: EDF Report
The Environmental Defense Fund reported that Q1 2026 saw a net loss of 5,900 renewable‑energy manufacturing jobs despite a $1.1 billion increase in overall investment. Canceled projects accounted for $1.4 billion, while new commitments added $2.5 billion and created 2,200 positions. The job decline...
China's Gasoline Consumption Could Plunge 5.5% in 2026 as Oil Prices Surge
China’s gasoline demand is projected to fall 5.5% in 2026, slightly deeper than the 5.2% decline forecast earlier. The drop follows a 30% surge in retail fuel prices triggered by the Iran‑Israel conflict and accelerating electric‑vehicle adoption. Overall oil demand...
Germany Revamps Its Energy Laws, but Risks Locking Itself Into Decades of Costly Gas Import Dependence
Germany is revising its electricity market rules, including the pending Electricity Supply Security and Capacity Act, which will launch capacity auctions for backup power starting September 2026. Energy think‑tank Ember warns that the draft favors new gas‑fired plants, risking a...
UK Go-Ahead for 3GW Dogger South, 1GW North Falls
The UK government has granted development consent for two offshore wind projects: RWE and Masdar’s 3 GW Dogger Bank South and the SSE‑RWE 1 GW North Falls extension of Greater Gabbard. Dogger South, a 200‑turbine array, secured a £91.20 /MWh contract‑for‑difference in Allocation...
Tide Is Turning in Favor of Clean Energy Stocks
Clean‑energy equities are gaining momentum as the energy sector leads the S&P 500, driven by the Iran‑related oil shock. The ALPS Clean Energy ETF (ACES) has risen over 18% year‑to‑date and attracted $3 billion of fresh capital in the latest month, the...
Permian Gas Glut Means Producers Are Paying Buyers to Haul It Away
The Permian Basin is experiencing a severe natural‑gas glut, pushing spot prices to a record low of –$9.60 per MMBtu and even forcing producers to pay buyers to take the gas. Companies such as Diamondback Energy and EQT have curtailed...
Security Beyond CIP: When ‘Low Impact’ Doesn’t Mean Low Risk
The article argues that NERC CIP’s “low impact” classification is a reliability label, not a cyber‑risk rating, and that utilities are increasingly treating these sites as security priorities. As the grid incorporates more distributed energy resources, simultaneous failures of multiple...
Canadian Solar Begins Trial Production at Flagship Indiana HJT Solar Cell Factory
Canadian Solar has begun trial production at its flagship heterojunction (HJT) solar cell factory in Jeffersonville, Indiana, with Phase I delivering 2.1 GWp of capacity. The plant is slated for commercial operation in July 2026, and a second phase will add another 4.2 GWp...
How Suspending The Federal Gas Tax Could Affect Your State's Fuel Prices
The article examines President Trump’s proposal to temporarily suspend the federal gasoline tax, which currently adds 18.4 cents per gallon of gasoline and 24.4 cents per gallon of diesel. Even if Congress approves the pause, the reduction in pump prices would be...
Germany Bets Big on Industrial CCS with Carbon Contracts
Germany has secured European Commission approval for a revised €5 bn (US$5.85 bn) Carbon Contracts for Difference (CCfD) scheme aimed at decarbonising cement, steel and chemicals over 15 years. The program will subsidise the extra cost of emissions‑reduction technologies, with producers repaying the...
Delegates Say OPEC+ Has Plan to Complete Series of Quota Hikes
OPEC+ delegates say the alliance will complete a series of oil‑quota hikes by September, adding back the remainder of a 1.65 million‑barrel‑per‑day cut that began in 2023. The plan calls for three incremental increases, despite the Iran‑Israel war blocking actual output...
Trump’s Push to Keep Coal Plants Open Is Costing Hundreds of Millions
Since May 2025, the Trump administration has issued a series of 90‑day emergency orders to keep five aging coal‑fired power plants operating beyond their planned shutdown dates. The Energy Department’s directives have already forced the J.H. Campbell plant in Michigan...
Canadian Solar Module Shipments Fall to 2.5GW in Q1 2026 as Colin Parkin Transitions to CEO
Canadian Solar reported a sharp decline in Q1 2026 module shipments, falling 42% to 2.5 GW and marking the lowest first‑quarter volume since 2020. Net revenue slipped 11% quarter‑on‑quarter to $1.1 billion as the company continued to shift manufacturing from China to...
USA Crude Oil Stocks Drop More Than 4MM Barrels WoW
U.S. commercial crude oil inventories, excluding the Strategic Petroleum Reserve, fell by 4.3 million barrels to 452.9 million barrels in the week ending May 8, according to the EIA. The Department of Energy announced a 53.3 million‑barrel SPR exchange from four storage sites, part...
NERC Inverter-Based Resource Registration Initiative Enters Final Stretch for Asset Owners
NERC’s Inverter‑Based Resource (IBR) Registration Initiative reaches its final phase as the May 15 2026 deadline approaches. Solar and storage owners previously exempt must now register as Category 2 generators and operators under the expanded bulk power system compliance framework. The process, governed...
How Long Can the US Be the Oil Supplier of Last Resort?
The United States has surged to a record‑high net export of 5.9 million barrels of crude and refined products per day, up from 3.3 million a year ago, as the shale boom meets a global oil shortage. To sustain the flow, the...
China’s Gotion and Richardson Electronics Partner for US-Made BESS
China‑based Gotion and U.S. electronics firm Richardson Electronics have formed a technology partnership to produce battery energy storage systems (BESS) at their Illinois facilities. The collaboration will launch a 760 kWh system for commercial‑industrial use and a 5 MWh system for utility‑scale...
Norwegian Oil & Gas Cash Flow Surpasses $74 Billion as Investment Bill Hits $30.71B
Norway’s petroleum sector generated a net cash flow of roughly $74.4 billion in 2026, up from $72.0 billion in 2025. Oil production hit 107 million standard cubic meters of oil equivalents, the strongest level since 2009, while total output on the Norwegian Continental...
As the US Starves It of Oil, Cuba Is Pulling Off One of the Fastest Solar Revolutions on the Planet...
Cuba is confronting nationwide blackouts as the U.S. oil blockade chokes fuel imports, prompting a rapid pivot to solar power backed by China. Chinese solar panel and battery shipments surged from $3 million in 2023 to $117 million in 2025, enabling the...
Nearly 13GWh of Grid-Scale BESS Deployed Globally in April
In April 2026, 4.5 GW (12.8 GWh) of grid‑scale battery energy storage systems were commissioned worldwide, with China delivering 2.5 GW—over half of the total. The rest of Asia added 647 MW, highlighted by Adani Group’s Khavda solar‑plus‑storage phase in India. Chile’s Innergex announced...
JP Morgan Warns Oil Could Average $151 in Q4
J.P. Morgan’s commodities strategists project that if the Strait of Hormuz reopens on September 1, Brent crude could average $151 per barrel in Q4 2026, the highest level across all reopening scenarios. Their base‑case June 1 scenario still sees Brent near $98...
Orsted Hints at Renewed Appetite for Growth in Key APAC Markets Including South Korea and Australia
Orsted, the Danish offshore‑wind leader, announced it is ready to chase new projects in South Korea, Australia and Taiwan after bolstering its capital structure. CEO Rasmus Errboe, who took the helm in January 2025, said the firm can now pursue “value‑creating opportunities”...
Uranium Supply Gains Momentum as Nuclear Energy Returns to the Spotlight
Global uranium production rose 6.1% in 2025, with Kazakhstan accounting for 39% of supply and the United States more than quadrupling output to 1,316 tonnes. The U.S. Department of Energy added uranium to the 2025 Critical Minerals list, signaling heightened policy...
Geothermal Energy Could Unlock 450 GW Electricity Potential in India: Report
A joint study by Project InnerSpace and the Council on Energy, Environment and Water estimates that India’s geothermal resources could support up to 450 GW of electricity generation, alongside 11,000 GW of industrial heat and 1,500 GW of cooling capacity. The report projects...
Sun Shines on Spain’s Green Industry Ambitions
Spain’s aggressive rollout of solar, wind and hydro power has slashed electricity costs, making its grid among the cheapest in Europe. Cheap, green power has helped the country’s manufacturing output grow at nearly three times the euro‑zone rate since 2018....