Energy News and Headlines
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Energy Pulse
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Every morning
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Hyundai Motor Group’s Indonesian JV with LG Energy Solution, PT Hyundai LG Indonesia Green Power, has teamed up with Zhejiang Huayou Recycling to process both production waste and end‑of‑life EV batteries. The $1.1 billion Karawang plant, operational in 2024, will ship waste to Huayou’s local facility where it is turned into black mass and refined into lithium, cobalt and nickel. The collaboration extends to recycling used batteries, creating a closed‑loop supply chain for battery‑cell manufacturing. Executives describe the move as the first step toward a circular battery economy in Southeast Asia.
Ashtrom Renewable Energy has closed a $200 million financing agreement with BHI, the U.S. arm of Bank Hapoalim, to fund the El Patrimonio solar project near San Antonio, Texas. Construction began in 2025 with completion slated for 2027. The 370‑megawatt facility will...
UK Energy Secretary Ed Miliband warned that firms will not be allowed to profit from the recent surge in global oil prices caused by Middle East tensions. The Competition and Markets Authority has been placed on high alert to curb...
Taihan Cable VINA, the Vietnamese subsidiary of South Korean Taihan Cable & Solution, has broken ground on a new 400 kV‑class extra‑high voltage cable plant in Dong Nai Province. The 56,200 m² facility is slated to begin operations in 2027, making Taihan...
Iran’s new supreme leader, Mojtaba Khamenei, has pledged to keep the Strait of Hormuz closed, turning the vital oil chokepoint into a geopolitical weapon. The International Energy Agency warns this blockade represents the largest supply disruption in oil market history,...
Tokyo Gas Engineering Solutions (TGES) and IX Renewables have signed a basic agreement to collaborate on offshore wind projects, combining IX's Dutch offshore‑wind expertise with TGES's engineering and regulatory knowledge in Japan. The partnership will pursue engineering, procurement, construction, installation...
The U.S. Treasury issued a one‑month OFAC wind‑down licence, allowing Russian crude already at sea to complete voyages through April 11. The licence is intended to stabilise energy markets amid the Strait of Hormuz crisis that has disrupted Gulf supplies. Broker...
New Oceantic Network research estimates U.S. offshore wind will create $42 billion in steel demand over the next two decades. The sector would require roughly 22 million tons of steel, enough for 239 Golden Gate Bridges. This demand could support 186,600 jobs...
Australian engineering firm Worley has been selected by Chevron to deliver front‑end engineering design (FEED) and procurement services for Cyprus’s inaugural offshore gas project, the Aphrodite field. The scope covers subsea systems, a floating production unit, export pipeline and onshore...
California (15.2 GW) and Texas (14 GW) remain the top U.S. grid‑battery markets, but Arizona’s utility‑scale storage more than doubled to 4.7 GW in 2025, moving it into third place. California added 29% capacity while Texas grew 69% last year, yet Arizona’s percentage...
Westinghouse reached a global settlement with South Korea's Kepco that bars the APR‑1400 reactor from being built in the United States, while the Trump administration is quietly negotiating Korean investment in an American nuclear project. High‑ranking DOE officials met Korean...
Algeria’s economy, heavily dependent on oil and gas, stands to gain as crude prices climb toward $100 a barrel. The surge follows geopolitical tensions, first from Russia’s invasion of Ukraine and now the war in Iran, which have lifted global...
Britain’s government announced a comprehensive overhaul of nuclear planning and regulation, aiming to streamline approvals and cut costs to accelerate new nuclear builds. The reforms, based on the Nuclear Regulatory Taskforce’s recommendations, are slated for completion by the end of...
At its Hong Kong ceremony, The Battery Show Asia introduced the Women Leaders in Energy Awards, honoring sixteen women across battery technology, EV manufacturing, and clean‑energy infrastructure. Eight received the Energy Changemaker Award for established impact, while another eight earned...
Hong Kong lawmakers are pressing the government to curb soaring fuel prices that have risen sharply since the Middle East conflict began in late February. Esso’s standard petrol is up 6.4% to HK$23.43 per litre, while Sinopec’s price has jumped...
The 1973 oil shock forced Europe to choose between quick fixes and systemic change, and a few nations seized the moment to build lasting clean‑energy foundations. Denmark turned the crisis into a wind‑power boom, the Netherlands institutionalised cycling infrastructure, France...
Gridserve announced four new electric heavy‑goods‑vehicle (eHGV) charging hubs in the North West, East Midlands and South East, raising its confirmed or under‑construction sites to eleven across England. The new locations—Moto Knutsford North, Moto Medway East, Markham Vale Electric Forecourt...
Brent crude futures edged higher to $100.64 a barrel on Friday, even as the U.S. Treasury issued a 30‑day licence permitting the sale of Russian oil already stranded at sea. The temporary measure is framed as a market‑stabilising tool that...
H3 Energy, an ASX‑listed explorer, has hired LAB Energy Advisors to launch farm‑out talks for its Alinya block in South Australia’s Officer Basin. The centerpiece, the Rickerscote prospect, is estimated to contain up to 4.3 trillion cubic feet of gas and...
Ethiopia announced a special fuel subsidy to blunt the impact of soaring global oil prices after the Strait of Hormuz closure. The government lifted diesel subsidies to 98 birr per litre and petrol subsidies to 73.56 birr, keeping domestic prices below $1...
Nigeria’s remote tech workers are forced to spend up to ₦390,000 a month on petrol to run generators amid chronic power outages. Fuel costs have jumped 35% in weeks, with daily generator expenses reaching ₦10‑13k, while 84% of urban households...
The Energy Insiders podcast examines Germany’s roadmap to achieve 100 % clean electricity, a goal set for the mid‑2030s. Host David Hochschild outlines the nation’s aggressive renewable‑capacity expansion, accelerated coal phase‑out, and massive grid‑modernisation investments. He also discusses how federal and...
On 1 February 2026 the UK Department for Energy Security and Net Zero released the Advanced Nuclear Framework, introducing a two‑part system: the Advanced Nuclear Pipeline and a suite of policy enablers for private SMR, AMR and MMR projects. The Pipeline provides...
The National Electricity Objective (NEO) calls for efficient investment, operation and use of electricity to meet price, reliability and emissions targets, yet policymakers have narrowed “efficiency” to short‑term financial metrics. The article argues that the Australian electricity market, rooted in...
Petronas has confirmed a gas condensate discovery at the Barokah‑1 wildcat in the North Ketapang block offshore East Java, Indonesia. The well tested at depths of around 2,730‑2,770 metres and is projected to produce roughly 12 million cubic feet of gas and...
The Australian Energy Market Operator (AEMO) is lobbying to keep its system‑operation and market‑operation functions combined as a comprehensive governance review looms. AEMO’s chair and CEO argue that a unified structure ensures security, reliability, and a whole‑of‑system perspective essential for...
Chinese solar maker Aiko has secured Clean Energy Council approval for its new ABC 60‑cell rooftop panel, delivering up to 545 W – roughly 24% more power than the average Australian module. The higher‑output panel lets homeowners pack more capacity onto...
GoodWe hosted a webinar on March 13, 2026 to unveil its ESA All‑in‑One residential energy storage system, available in single‑phase and three‑phase formats. The session also dissected recent revisions to the Federal Government’s Cheaper Home Batteries Program, highlighting new sizing...
Alabama lawmakers are pushing sweeping utility reforms as residential electricity bills rank among the nation’s highest. The Senate’s SB 360 would enlarge the Public Service Commission to seven members, create a governor‑appointed Secretary of Energy, and freeze rate increases through 2029....
Feederdock, a split‑vessel offshore wind installation system developed by ONP Management and Renewable Resources International, is set to enter the Australian market with Energy Estate as exclusive advisor. The concept pairs a heavy‑lift jack‑up vessel with shallow‑draught feeder ships, delivering...
Australian climate‑tech startup MGA Thermal announced a $17 million financing round, bringing its total capital raised to $50 million. The round was led by IP Group Australia, with board seat for Shane Meaney, and included a mix of venture firms and government...
U.S. Treasury Secretary Scott Bessent announced a short‑term general licence that lets countries buy Russian crude already stranded at sea, aiming to ease the price surge triggered by the U.S.-Israel‑Iran conflict. The licence covers oil loaded onto vessels by March 12...
Stabilis Solutions reported a 23% drop in Q4 2025 revenue and a sharp decline in adjusted EBITDA to $1.5 million, driven by the wind‑down of two multiyear marine bunkering and power‑generation contracts. Despite the downturn, the company secured a $200 million, two‑year...
The MoneySavingExpert dossier highlights a deepening home heating oil and LPG crisis in the UK, with wholesale oil prices climbing roughly 30% year‑on‑year and widespread LPG shortages impacting over 200,000 households. The report aggregates thousands of consumer complaints, showing a...
Russia's state‑linked power firms are hitting financing snags across Central Asia, prompting a rapid loss of lucrative contracts. Kazakhstan abandoned a Russian consortium for China’s Harbin Electric, slashing project costs by nearly $500 million. In 2025, Inter RAO forfeited three Kazakh power‑plant...
A Reddit user compared today’s gasoline prices to the 1973 and 1979 oil crises, noting that inflation‑adjusted prices then averaged about $4.85 per gallon. In contrast, Ohio’s current pump price is roughly $3.25, roughly 50 % lower than the 1970s peak....
Emerson will unveil its latest fuel‑gas and fuel‑oil safety shut‑off valve solutions at the 2026 ABMA Boiler Expo, emphasizing greater design flexibility, installation freedom, and lower total cost of ownership. The new configurations combine pressure regulation, high‑flow capability, and alternative‑fuel...
Rex International posted an average February 2026 production of 10,300.1 barrels of oil equivalent per day (boed) from its Norway, Oman and Germany assets. The Brage field in offshore Norway, where Lime Petroleum holds a 33.84% stake, generated roughly 9,510...
Forum Energy Technologies (FET) unveiled a remote control station that lets operators run ROVs from virtually any location using its ICE® Unity platform. The solution bundles advanced control chairs, a Remote‑Connect gateway and VisualSoft streaming software, and can be added...
Oceânica Engenharia secured long‑term offshore service contracts with Petrobras valued at about $736 million (R$4.2 billion). The deals cover the SDSV vessels Oceanicasub IV, V, VII, IX and add Oceanicasub VI while renewing Oceanicasub VIII, providing subsea inspection, maintenance and ROV capabilities. Contracts run four...
Equinor is set to commence drilling on the Rosebank field in the Faroe‑Shetland Channel, marking a major milestone for one of the UK Continental Shelf's largest undeveloped projects. The first phase will involve four production wells and three water‑injection wells,...
TotalEnergies has resumed production at Libya’s Mabruk oil field, an onshore asset that has been idle since 2015. The restart follows the commissioning of a new 25,000‑barrel‑per‑day processing facility that came online on Feb. 28, 2026. TotalEnergies holds a 37.5% interest...
Assala Energy announced a hydrocarbon discovery at the offshore Magoga‑A well in Gabon's Mutamba Iroru Licence II, with an estimated 8 metres of hydrocarbon‑bearing pay in the Gamba Sandstone formation. The well also sidetracked into the adjacent Atora licence, confirming hydrocarbons within...
Western Australia will raise inverter connection limits to 30 kW from 1 May 2026, allowing larger rooftop solar and battery systems on the South West Interconnected System (SWIS). The rule change also mandates compliance with AS/NZS 4777.2 for undervoltage ride‑through and remote disconnect capability...
President Donald Trump’s administration plans to use commodity swaps to offset a 172 million‑barrel emergency drawdown from the Strategic Petroleum Reserve, aiming to add over 200 million barrels back within a year at no cost to taxpayers. The swaps would exploit the...
The Global Baku Forum opened under the shadow of the Iran war, with Azerbaijan pledging to increase gas supplies to the EU to offset Gulf disruptions. President Ilham Aliyev warned that rising oil prices—now above $100 a barrel—threaten consumers and...
The U.S. Department of Energy announced the Utility Power Reactor Incremental Scaling Effort (UPRISE), targeting 2.5 GW of additional nuclear capacity by 2027 and 5 GW by 2029 through power uprates, plant restarts, and life‑extension upgrades. The program taps the DOE’s $289 billion...
Vaalco Energy reported FY 2025 results with net sales of 6,370 MBOE and a net loss of $41.4 million, while generating $173.4 million of Adjusted EBITDAX and $212.7 million of operating cash. Production averaged 16,556 NRI BOEPD, surpassing guidance, and the company sold 17,452 NRI BOEPD. It secured a...
Iranian forces struck Qatar's Ras Laffan LNG hub and a Saudi oil facility, underscoring that Gulf energy assets are now frontline targets. The attacks follow a pattern set by the 2019 Abqaiq strikes and highlight the vulnerability of export‑centric infrastructure. Iraq’s...
The U.S. Department of Energy’s Office of Electricity announced a $1.9 billion SPARK funding opportunity to accelerate reconductoring and advanced transmission upgrades across the nation’s power grid. The program aims to expand capacity, boost operational efficiency, and reduce electricity costs for...
