Energy News and Headlines
Energy News and Headlines
Energy Pulse
EMAIL DIGESTS
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EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
China’s oil imports reached a record 11.55 million barrels per day in 2025, a 4.4% increase over the prior year, driven by aggressive stockpiling and expanded storage capacity. While the country continues to buy discounted Russian crude and benefits from Saudi price cuts, rising Brent prices and surging VLCC freight rates are beginning to temper demand. Analysts expect imports from Africa and the Middle East to decline from April onward as higher logistics costs and tighter pricing erode margins. Nevertheless, China’s buying power keeps it a key price‑setter in the global market.
Riot Platforms reported $647 million total revenue for FY 2025, a 72% jump driven largely by record Bitcoin mining earnings of $576.3 million. The company posted a $663 million net loss, primarily reflecting non‑cash depreciation, stock‑based compensation and Bitcoin mark‑to‑market adjustments. Management highlighted a...
StealthGas Inc reported a 12% year‑over‑year revenue decline in Q1 2025, primarily due to the roll‑off of a large industrial contract and a planned one‑week marine downtime. Aerospace revenues exploded 147%, raising the marine and aerospace share of total sales...
Kosmos Energy reported record‑near production in Q4 2025, driven by a 13% jump at Jubilee and a 60% increase at the Greater Tortue Ahmeyim (GTA) LNG project. Operating expenses fell almost 40% quarter‑on‑quarter while capital spending came in at $67 million,...
Researchers reported that single‑atom indium dispersed on hafnia (HfO₂) dramatically improves CO₂ hydrogenation to methanol. The In/HfO₂ catalyst achieves up to twice the methanol space‑time yield of comparable In₂O₃‑based systems while maintaining >90% selectivity at 300 °C. Combined experimental measurements, operando...
Construction has begun on the Hunter‑Central Coast renewable energy zone (REZ), the first NSW project to upgrade existing network assets while adding new infrastructure. The upgrade will provide roughly 1 GW of hosting capacity and connect up to 1.8 GW of new...
California aims to install six million heat pumps in homes by 2030 as part of its aggressive decarbonization agenda. While heat pumps offer higher efficiency and can replace gas furnaces, the state’s soaring residential electricity rates often erode expected bill...
Eastern Pacific Shipping (EPS) has placed two additional 306,000 dwt VLCC orders with China’s Hengli Shipbuilding, expanding its fleet to ten VLCCs at the yard. The vessels are part of a five‑ship order slated for delivery in 2029‑2030, completing a broader...
Middle Eastern oil powerhouses, led by the UAE and Saudi Arabia, are accelerating multibillion‑dollar clean‑energy programs that span solar, wind, nuclear, and green‑hydrogen. The region’s renewable capacity is set to surge, with solar projected to grow ten‑fold and nuclear output...
Japan’s largest maritime shipping conglomerate announced that the Iranian Navy has officially barred all vessels from transiting the Strait of Hormuz. The ban specifically targets energy cargoes, including crude oil and liquefied natural gas, effectively shutting the narrow waterway to...
Hungarian startup Edortech announced its patented tin‑anode system, ONLi, ready for scale‑up after a decade of research. Independent audits show the anode can deliver up to 70 % higher energy density and 1.8 times the capacity of conventional graphite or Si‑C anodes...
Geopolitical tensions in the Middle East are prompting concerns about rising energy costs for Indian firms, especially those in energy‑intensive sectors. While the overall share of power and fuel expenses in corporate cost structures has softened to about 4.3% in...
The Strait of Hormuz, a vital oil conduit, has seen trade reduced to a trickle after a wave of escalatory attacks. U.S. and Israeli strikes on Iranian targets, followed by Iranian reprisals triggered by the reported assassination of Supreme Leader...
Japan announced a $36 billion investment in the United States as the first phase of a broader $550 billion partnership, with most of the capital earmarked for a 9.2‑gigawatt natural‑gas‑fired power plant in Ohio. The project aims to address rising electricity demand...
Nickel Asia Corp (NAC) posted a 312% jump in net income to ₱6.27 billion, driven by record nickel ore prices and a 56% rise in EBITDA. The company announced three new wholly‑owned subsidiaries to support a geothermal holding entity, a shared‑services...
U.S. officials are negotiating a nuclear cooperation agreement with Saudi Arabia that could permit the kingdom to develop uranium enrichment capabilities. Congressional documents and the Arms Control Association warn the deal may create a pathway to a Saudi weapons program,...
Bunker traders in Fujairah, the Middle East’s largest marine fuels hub, are preparing for a sharp decline in demand after heightened Gulf tensions and unverified warnings of a Strait of Hormuz closure. Recent missile strikes near Fujairah and Jebel Ali have...
The Maharashtra state government announced a ₹1,100 crore investment to upgrade Pune district’s power infrastructure, with ₹450 crore dedicated to the rapidly growing Pimpri Chinchwad area. The funding, part of the Revamped Distribution Sector Scheme, aims to address frequent outages, power theft, and...
Following US and Israeli airstrikes on Iran and the death of Supreme Leader Ayatollah Khamenei, crude oil prices surged, with WTI at $67.29 and Brent at $72.87. Barclays raised its Brent forecast to $100 per barrel, citing heightened supply‑disruption risk...
Major oil majors and leading trading houses have suspended crude and fuel shipments through the Strait of Hormuz as the Iran‑Israel‑US conflict escalates. Israel launched a pre‑emptive strike on Iran, followed by U.S. air and naval attacks, prompting heightened security...
The Atomic Energy Regulatory Board (AERB) granted permission for the First Pour of Concrete (FPC) on February 24, marking the start of construction for Kaiga Nuclear Power Plant units 5 and 6. Both units are 700 MWe pressurised heavy‑water reactors (PHWR) using an indigenous...
Australia’s energy sector saw a wave of senior appointments in early 2026, with CEOs installed at FRV Australia, Pilot Energy, Boundless Earth, Janus Electric, Endeavour Energy and several others. The Australian Energy Market Operator added two non‑executive directors and nominated...
India’s Andaman Basin is seeing a major push in oil exploration after 63.5% of the 600,000‑sq‑km no‑go zone was cleared for drilling, a move Lieutenant Governor Admiral D.K. Joshi says could help lift the country from its current $4 trillion GDP...
Andhra Pradesh’s government has approved the off‑take of 300 MW of solar power from Adani Green Energy under the 2021 power supply agreement, after a 15‑month pause caused by U.S. bribery allegations. The approval comes with a rider that the state...
Crescent Energy (CRGY) surged 7.76% to $11.66 after reporting a full‑year swing to profitability, posting $132.9 million net income versus a $114.6 million loss a year earlier. Revenue rose 22% to $3.58 billion, while production averaged 260 MBoe/d, beating guidance. The fourth‑quarter loss narrowed...
SM Energy’s shares jumped 9.5% after the company announced a 10% increase in its quarterly dividend to $0.22 per share, following a $950 million asset sale and a 14% reduction in capital spending. The firm also launched a $500 million share‑buyback program,...
A year‑long trial in Montreal examined 200,000 km of diesel Freightliner Cascadia and its battery‑electric counterpart, the eCascadia, across two Canadian fleets. The analysis found that electric Class 8 trucks can generate roughly $157,000 in savings per unit over a six‑year...
Zambia’s cabinet approved two cross‑border pipelines—the Tanzania‑Zambia Multi‑Products Pipeline and the Namibia‑Zambia Refined Petroleum and Natural Gas Pipeline—to diversify fuel imports and reduce reliance on the decades‑old TAZAMA line. The projects aim to create supply redundancy, improve pricing competitiveness, and...
Rosatom confirmed that Iran's Bushehr nuclear power plant, operated by Russia, sustained no damage during the recent US‑Israeli military operation. The Russian state nuclear corporation evacuated 94 family members of its staff via Azerbaijan and Armenia after the Russian embassy...
European defence ministers convened in Krakow to discuss escalating measures against Russian seaborne oil exports. France seized the 115,600‑dwt aframax tanker Grinch, carrying 730,000 barrels of crude, and released it after the shipowner paid a €3 million fine. Ministers aim to...
New York State’s Department of Environmental Conservation has amended Part 494 to require commercial property owners to register and report leakage of hydrofluorocarbons (HFCs). Large equipment (≥1,500 lb) must report annual leakage starting March 2026, medium‑size units (200‑1,499 lb) register by June 2026 with reporting...
Oil tankers are increasingly bypassing the Strait of Hormuz following the US and Israel airstrikes on Iran, prompting major shipping lines to issue cautionary directives. While the waterway remains officially open, Bloomberg tracking shows a buildup of idle vessels both...
Scientists at the University of Edinburgh's Wallace Lab engineered E. coli to generate hydrogen from simple sugars, including stale bread, and paired it with a palladium surface catalyst to hydrogenate organic molecules. The biocatalytic system achieved up to 99% conversion efficiency,...
The Democratic Republic of the Congo announced strict cobalt export quotas—18,125 tonnes for Q4 2025 and 96,600 tonnes for 2026—while reserving 10% of production as a strategic stockpile. The policy, aimed at curbing smuggling, stabilising prices and capturing more domestic value,...
Nvidia’s AI‑chip rally has lifted its shares over 700% in three years, dwarfing the S&P 500’s 70% gain. Meanwhile, Brookfield Renewable (BEPC) is positioning itself as the power engine behind that demand, securing record‑size corporate PPAs with Microsoft and Google....
Proterial, a Japanese advanced‑materials maker, is evaluating India as a production base for its rare‑earth‑free electric‑vehicle magnets and other high‑end components such as superalloys and power‑electronics parts. CEO Sean M. Stack highlighted strong economic momentum, government incentives, and the need...
Tamil Nadu Power Distribution Corporation (TNPDCL) has ordered a halt to all planned maintenance that requires power cuts until the state’s public examinations conclude in April. The directive applies to Chennai and every district across Tamil Nadu, suspending routine work on...
Norway's $1.2 trillion sovereign wealth fund has removed Adani Green Energy Ltd from its portfolio, citing concerns over alleged gross corruption or serious financial crime. The fund sold a holding worth roughly ₹400 crore, while Indian mutual funds have accumulated about $500 million...
Singareni Collieries Company (SCCL) is preparing to bid in upcoming coal‑bed methane (CBM) auctions for three blocks in the Singareni region. The blocks, covering six districts in Telangana, hold an estimated 1.9 billion cubic metres of gas resources. Government officials have...
India’s National Stock Exchange (NSE) announced plans to launch electricity futures, a coal spot exchange and broaden its commodity offerings, leveraging its high‑speed trading infrastructure. CEO Ashish Chauhan said the exchange’s existing systems for order processing, clearing and risk management...
India’s Shipping Corporation of India (SCI)‑led joint venture to own a fleet for state‑run oil firms has stalled because ONGC’s equity participation remains undefined. The JV structure allocates 50% to SCI, with IOCL, BPCL and Sagarmala Finance each holding 10‑15%,...
SSE is launching a £33 billion programme to upgrade its transmission network and expand renewable generation, positioning the utility for the low‑carbon transition. Revenue has surged roughly 50 % since 2021 and normalised EPS has more than doubled, with management forecasting 7‑9 %...
Hong Kong billionaire Li Ka‑shing's CK Infrastructure Group agreed to sell UK Power Networks to French utility Engie for £10.5 billion (about $14.2 billion). The deal, slated for mid‑2026, is part of a sweeping portfolio overhaul that includes potential divestments of ports and...
Armstrong Fluid Technology launched the Systems Envelope – Fluid Management Station (SE‑FMS), a modular HVAC fluid‑management solution that integrates its Envelope Core platform. The compact unit reduces floor space by up to 40% and cuts energy use by as much as 30%...
Delek US Holdings reported a fourth‑quarter 2025 revenue of $2.43 billion, up 2% year‑over‑year, and posted a surprise non‑GAAP net profit of $143 million ($2.31 per share). Adjusted EBITDA surged to $314 million, a stark reversal from a $69 million loss a year earlier,...
U.S. forces captured Venezuelan President Nicolas Maduro in a January 2026 raid, removing the military threat to Guyana’s Essequibo region and clearing the path for the country’s oil expansion. Guyana’s offshore Stabroek Block, operated by ExxonMobil with Chevron and CNOOC,...
A G7‑backed price cap on Russian oil, introduced in 2022, is shown to boost near‑term extraction while curbing global oil prices and volatility. The cap neutralizes market power and reduces the option value of holding reserves, shifting producer incentives toward...
Thai state‑owned energy group PTT Plc announced it will seek external partners across its value chain, aiming to sell stakes in its oil‑refining and petrochemical subsidiaries—Thai Oil, PTT Global Chemical and IRPC—to global investors. The company also plans to attract...
NRG Energy announced plans to add 6.4 GW of gas‑fired generation capacity aimed at powering the United States’ rapidly expanding data‑center sector. The utility sees data‑center electricity demand outpacing traditional commercial loads, prompting a strategic shift toward flexible, dispatchable gas assets....
Two major LNG export projects on the U.S. Gulf Coast are taking divergent routes. One developer announced confidence in securing investment and long‑term offtake contracts, signalling a clear path to construction. The second project’s sponsor warned that without an external...
