Energy News and Headlines
Energy News and Headlines
Energy Pulse
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Every morning
Weekly
Tuesday recap
The Trump-era tax bill stripped $1.5 billion from tribal clean‑energy programs, leaving nearly 1,600 projects underfunded. In response, the Colorado River Indian Tribes launched an agrivoltaics pilot through the new financing entity Huurav, pairing solar panels with crops. Tribes are turning to philanthropy, low‑interest loans, nonprofit funds and community development financial institutions to fill the gap, while some pursue federal geothermal grants and transmission loans. These efforts aim to secure energy independence despite dwindling federal support.
Dutch subsea services firm N‑Sea Group signed a long‑term charter with Rederij Groen for the offshore support vessel Dominus, built by PASSER at De Hoop shipyard and slated for delivery in April 2027. The 69.85‑meter vessel will handle 2D/3D seismic, wide‑swath UXO surveys...
Saudi Aramco announced full‑year 2025 adjusted net income of $104.7 billion, surpassing analyst expectations despite lower oil prices. The company returned $85.5 billion to shareholders through dividends and a $3 billion share‑buyback, while reporting $136.2 billion in operating cash flow. Crude prices, which fell...
Oil and gas workers are poised to transition into the fast‑growing enhanced geothermal sector, leveraging their drilling expertise. A 2024 DOE report estimates up to 300,000 U.S. workers possess the necessary skills, while the domestic geothermal workforce has risen to...
Climate‑tech startup Newtrace secured $6.3 million (₹56.93 crore) in a pre‑Series A round. The financing was led by HDFC Bank and Mitsui Sumitomo Insurance Venture Capital, with participation from Peak XV Surge, Aavishkaar, and other investors. Newtrace will use the funds to scale pilot...
Oil prices surged past $100 a barrel after US and Israeli strikes on Iran, reviving inflation concerns and prompting analysts to warn of a dual recession‑inflation risk. Meanwhile, Swift is launching a new cross‑border retail payments framework to improve speed...
Labour reaffirmed that the United Kingdom’s gas supplies remain secure despite ongoing geopolitical tensions, highlighting a diversified mix of domestic North Sea output, pipeline imports from Norway, European interconnectors, and LNG terminals. Government data show Qatar accounts for only about...
Shares of Indian gas distributors surged after President Donald Trump suggested the Iran war could end soon, easing fears of prolonged Strait of Hormuz disruptions. Petronet LNG jumped nearly 5% to ₹292.30, GAIL rose 2% to ₹152.50, and Indraprastha Gas...
Mideast Gulf naphtha supplies are tightening after Kuwait's KPC and Bahrain's Bapco Energies announced force majeure, removing roughly 560,000 t/month and 167,000 t/month respectively. Additional shipment delays from ADNOC and cargo cancellations by QatarEnergy, alongside drone attacks on Ras Laffan and Duqm,...
Asian LNG buyers are facing a shortage of March cargoes after a war‑related outage at Qatar’s Ras Laffan plant, the world’s largest LNG exporter, tightened global supply. Thailand, Bangladesh, India and Vietnam have turned to the spot market to secure near‑term...
India has declined the International Energy Agency’s invitation to tap its strategic oil reserves as a measure to curb soaring crude prices. The country holds about 5.33 million tonnes of underground reserves, roughly 80% of capacity, and reserves them for supply‑disruption...
U.S. solar installations fell 14% in 2025, though solar remained the largest source of new electricity generation, contributing just over half of added capacity. The decline follows aggressive policy shifts by the Trump administration, including cuts to federal renewable programs...
Orora has completed the first year of operation for its G3 oxy‑fuel glass furnace at the Gawler plant in South Australia. The $130 million upgrade, funded in part by a $12.5 million government grant, has cut natural‑gas use by 32% and eliminated...
Fossil‑fuel companies are spending roughly US$4 billion each year on communications and public‑affairs campaigns, dwarfing the renewable sector’s US$150 million budget by about 27‑to‑1, according to California Energy Commission chair David Hochschild. He highlighted that solar has become the single largest annual...
The first sod has been turned on Octopus Australia’s Blind Creek project, a $900 million DC‑coupled solar‑battery hybrid near Canberra. The facility will combine 300 MW of photovoltaic capacity with a 243 MW/486 MWh battery, enabling solar generation to be stored and dispatched during...
A three‑justice panel of the California First Appellate District affirmed the Public Utilities Commission’s 2022 net‑energy metering 3.0 tariff, which slashes rooftop solar credits by about 75% and replaces full‑retail rate subsidies with cost‑based credits. The court rejected challenges from...
The U.S. dollar slipped after President Donald Trump declared the Iran conflict "very complete," prompting a sharp retreat in oil prices. Brent crude fell to $92.46 a barrel, down from Monday's $120 peak, easing pressure on risk‑sensitive currencies such as...
The Australian Energy Market Commission (AEMC) has released a draft review that could reshape electricity pricing as rooftop solar, batteries and smart tech cut midday demand. Gavin Dufty of St Vincent de Paul Society cites the Vinnies Tariff Tracker to highlight how current...
The Deepwater Development Conference kicked off in Lisbon, highlighting a surge in deepwater activity worldwide. World Oil’s forecast shows a 20.5% rise in deepwater wells across six key countries, far outpacing the 4.8% offshore increase, while production grew 11.2% versus...
Woodside Energy has kicked off the Trion drilling campaign in ultra‑deepwater Gulf of Mexico, targeting 24 subsea wells tied to the floating production unit Tláloc. The FPU can process about 100,000 barrels of oil per day, with output stored on...
Borr Drilling Ltd. announced that three of its four jack‑up rigs operating in the Arabian Gulf have been down‑manned following recent regional hostilities. The rigs in Qatar and the United Arab Emirates were placed on standby, and the Arabia III unit...
Quanta Services reported a record full‑year revenue of $28.5 billion, up 20% YoY, and a historic $44 billion backlog driven by grid upgrades and data‑center demand. The fourth quarter set new highs in revenue, adjusted EBITDA and free cash flow, underscoring the...
NiSource reported full‑year 2025 adjusted earnings per share of $1.90 and a funds‑from‑operations‑to‑debt ratio of 16.1%, both surpassing its guidance. The company reaffirmed 2026 adjusted EPS guidance at $2.02‑$2.07, indicating roughly 8% year‑over‑year growth. Management highlighted a $6‑$7 billion Amazon Genco...
Crude oil futures benchmarks Brent and WTI surged to their highest intraday levels since 2022 on Monday, with Brent briefly topping $90 a barrel and WTI crossing $85. The rally was short‑lived, as both contracts slipped later in the session,...
The NSW Independent Planning Commission approved Edify Energy’s Burroway Solar Farm, a 100 MW photovoltaic array paired with a 100 MW/400 MWh battery, despite 81 objections, most of which came from distant sources. Located within the Central‑West Orana Renewable Energy Zone, the project...
Michigan lawmakers introduced a bill to make the three‑member Public Service Commission elected rather than governor‑appointed, expanding it to five members. The measure would place the positions on statewide ballots beginning in 2028, with staggered four‑year terms and a 12‑year...
Caretaker finance minister Ekniti Nitithanprapas warned that Thailand’s soaring oil prices, now above $100 per barrel, present a pivotal chance to reshape the economy. He highlighted a 60% jump in BOI‑registered projects to 1.8 trillion baht, reflecting a wave of investors...
Oil tanker traffic through the Strait of Hormuz has effectively frozen following a weekend of coordinated strikes on energy and related infrastructure across the Middle East. The attacks have shut down the primary maritime conduit for Persian Gulf crude, leaving...
The recent closure of the Strait of Hormuz has triggered a sharp rise in global natural‑gas prices, except in North America, which remains insulated by abundant domestic supply. The disruption forced several LNG carriers originally bound for Europe to reroute...
U.S. shale producers are unlikely to fill the gap left by reduced Middle East crude exports, even as oil prices climb. Analysts argue that the war‑driven supply loss will be prolonged, and shale’s long lead‑times and capital intensity prevent a...
U.S. natural‑gas spot prices slipped to a five‑month low as unusually warm spring weather curbed heating demand nationwide. The Henry Hub benchmark rebounded above $3/MMBtu, marking a second consecutive rally. Meanwhile, a force‑majeure event at El Paso Natural Gas forced the...
U.S. and Israeli strikes on Iran have pushed crude oil into the mid‑$70‑per‑barrel range, sending the national average gasoline price up 27 cents to $3.25 per gallon. Analysts warn the pump price could climb to $3.50‑$3.70 soon and possibly breach...
ACEN Corp reported a 60% plunge in 2025 net income to P3.8 billion, driven by softer domestic power prices and temporary shutdowns of wind assets in Northern Luzon. Revenue fell 14% to P32 billion, with domestic sales down 7% after a 28%...
Manila Electric Co. (Meralco) has signed a memorandum of understanding with Korea Hydro & Nuclear Power (KHNP) and the Export‑Import Bank of Korea (KEXIM) to chart technical and financial pathways for nuclear power projects in the Philippines. The agreement includes...
Air‑lubrication technology is touted as a key efficiency tool for shipping’s decarbonisation, yet more than 600 systems on order have not yet proven sustained fuel savings. Early‑generation designs rely on compressors, delivering bubbles only in narrow speed and sea‑state windows...
U.S. and Israeli strikes on Iran have forced Iraq to curtail oil production as the Strait of Hormuz remains effectively closed, exposing Iraq's dependence on Iranian gas and electricity. The disruption comes just as major U.S. oil majors—ExxonMobil, Chevron and...
Registration is now open for the 2026 DTECH Data Centers & AI conference in Scottsdale, Arizona, scheduled for May 12‑14. The event will gather utilities, engineers, and technology providers to address the rapid megawatt‑to‑gigawatt load growth driven by hyperscale data...
The North American Electric Reliability Corporation’s 2025 Long‑Term Reliability Assessment flags the Midcontinent Independent System Operator (MISO) as a “High Risk” region by 2028, earlier than the projected 2029 high‑risk dates for PJM and ERCOT. Reserve margins in MISO are expected...
The war with Iran has forced the closure of the Strait of Hormuz, cutting roughly 20% of daily global oil shipments and pushing Brent crude to $105 per barrel, its highest level since July 2022. The supply squeeze lifted gasoline...
Oil prices surged to nearly $120 a barrel amid the Iran conflict, then fell to about $90 after President Trump suggested the war could end soon. Energy analysts identify $110‑$120 as the threshold where crude demand begins to weaken, indicating...
Crude oil futures hovered just below $119 per barrel, easing fears of a supply shock amid heightened Middle‑East tensions. The broader market rebounded, with the Nasdaq gaining 1.4%, the S&P 500 up 0.8% and the Dow rising 0.5% after a volatile...
Scientists at EPFL have coated silicon‑nitride nanopores with lipid bilayers, creating a hydration‑lubricated channel that dramatically reduces ion friction. The lipid‑coated membrane, arranged in a hexagonal array of 1,000 pores, achieved a power density of about 15 W m⁻²—2 to 3 times...
FuelCell Energy (FCEL) released its fiscal 2026 first‑quarter results, highlighting stronger revenue and improved margins compared with the prior year. The CFO outlined a solid cash position bolstered by a recent $150 million convertible‑note financing. Management emphasized expanding its modular fuel‑cell...
North American Blue Energy Partners Inc., a firm backed by US energy entrepreneur Harry Sargeant III, announced that its tanker loaded with Venezuelan crude is en route to the Caribbean. The move comes as Venezuela seeks alternative markets amid US...
Shipping through the Strait of Hormuz has nearly stalled, with crossings dropping 66% and crude‑oil futures briefly spiking above $115 per barrel. The U.S. responded with a $20 billion maritime reinsurance program aimed at protecting vessels and cargo. The slowdown has...
Ice gasoil futures swung wildly on 9 March, peaking at $1,381 /t before closing at $1,116 /t, the highest level since June 2022. The move mirrored a surge in Ice Brent crude, which touched $119.50 /bl and settled above $100 /bl – the first breach since...
Scientists have reinvented Thomas Edison’s 1901 nickel‑iron battery using modern nanotechnology, creating an aerogel electrode composed of protein‑derived nickel‑iron nanoclusters embedded in graphene oxide. The revamped cell can recharge in seconds and endure up to 12,000 charge‑discharge cycles, far surpassing...
Equinix has signed a power purchase agreement with Brazil's Auren Energia to source wind power from two new farms, covering a substantial share of its Brazilian energy demand. The agreement, effective from 2026, underpins the company's expansion of data centers...
Avangrid, part of the Iberdrola Group, has finished the mechanical installation of its 166‑MW DC Tower Solar project on 900 acres in Morrow County, Oregon. The farm, built with SEG Solar panels fabricated in Houston, is on track for commercial...
Colombia and the Netherlands will host the First Conference on the Transition Away from Fossil Fuels in Santa Marta this April, aiming to jump‑start a stalled UN process for a global fossil‑fuel roadmap ahead of COP31. The gathering expects 40‑80...
