Cosco Shipping Energy Transportation Q1 Profits up 207%
Cosco Shipping Energy Transportation posted a Q1 net profit of RMB 2.17 billion (≈$310 million), up 207% year‑on‑year, driven by soaring crude‑oil‑tanker rates after Iran closed the Strait of Hormuz. Operating revenue rose 27% to RMB 7.3 billion (≈$1.06 billion), with the oil‑tanker segment alone increasing 28% to RMB 6.38 billion. International oil‑shipping gross profit jumped 318% to RMB 2.24 billion, while LNG charter contracts delivered steady 19% revenue growth. The group used flexible routing and long‑term contracts to mitigate geopolitical risks.
Australia Promises No Gas Tax on Existing LNG Contracts
Australia’s prime minister Anthony Albanese announced that no export tax will be imposed on existing LNG contracts, quelling calls for a 25% levy. The decision follows intense lobbying from unions, anti‑gas groups, economists and industry stakeholders. Instead, the government will...
Solar Insiders Podcast: Can We Make Climate Action Great Again?
The Solar Insiders podcast features author Thom Woodroofe discussing his new book, *Power, Prosperity & Planet*, which argues that making residential solar as ubiquitous as smoke alarms is essential for effective climate policy. Woodroofe outlines a nationwide book‑tour spanning eight Australian...
Thailand Pilots ‘Zero Burn to Earn’ Model Turning Farm Waste Into Renewable Energy
Thailand’s Ministry of Higher Education, Science, Research and Innovation has launched the PMUC Zero Burn to Earn pilot, beginning 5 May 2026 in Chiang Mai. The program swaps crop residues for farm equipment and renewable‑energy inputs, creating a market for agricultural waste. Pilot...
As Tax Cuts Spread Globally, Filipinos Hit by Power Bill Spikes
Global energy taxes are being slashed in 39 economies, yet Filipino households are seeing electricity bills double as generation costs, a 12% VAT and the universal charge surge. Meralco says the higher charges are pass‑through costs approved by regulators, not...
'Deeply Unjust': Could a Rush for Critical Minerals Harm the World's Most Vulnerable Communities
A new United Nations report warns that the surge in demand for critical minerals such as lithium and cobalt is creating severe, hidden environmental and health crises in low‑income regions of Africa and South America. While wealthy nations benefit from...
Massive Six-Hour Battery Project Seeks Federal Green Tick for Site in Victoria’s Main Coal Hub
Renewable developer Res Australia has publicly entered its 400 MW, 2,400 MWh Bunyip North battery into the federal EPBC (environmental) approval queue, a rare move in the sector. The six‑hour storage project sits beside Ampyr’s proposed 750 MW Wimpole battery on the main transmission...
Hong Kong Expands Electric Vehicle Adoption Across Government Fleet
Hong Kong’s government has mandated that all new or replacement private cars for the public sector be electric, unless specific operational constraints apply. The policy, outlined in the updated Roadmap on Popularisation of Electric Vehicles, also signals a possible future...
Off-Grid Gold Mine Achieves Record 93.8 Pct Renewables Share over Whole Month
The off‑grid Bellevue gold mine in Western Australia recorded a 93.8% share of wind and solar power in February, the highest monthly renewable contribution for any remote mining operation. Over the March quarter the 90 MW hybrid plant averaged 85.2% renewable...
UAE, Saudi Bypass Hormuz to Boost Crude Supplies to India
India’s crude imports averaged 4.4 million barrels per day in April, 15% below February’s peak, as the country offsets Hormuz‑related disruptions by tapping alternative routes. Saudi Arabia lifted shipments to 697,000 bpd by diverting oil from Ras Tanura to the Yanbu Red Sea...
On Cam: US Marines Try to Hijack Ship, Then Forced to Turn Back - Watch Why
U.S. Marines attempted to board a commercial vessel in the Strait of Hormuz but were ordered to retreat after Iranian Revolutionary Guard Corps (IRGC) boats and coastal stations issued radio warnings. The IRGC demanded the American warship change course, forcing...
Solar Scheme May Push Induction Cooktops Amid Energy Disruptions
India is evaluating a support package for induction cooktops under the PM Suryaghar Muft Bijli Yojana, prompted by energy market disruptions linked to the Iran war. The plan seeks to shift households away from the nation’s 320 million LPG connections toward solar‑powered electric cooking. Policy...
How PowerLabs Is Helping Nigerian Businesses Cut Energy Bills
PowerLabs, a Lagos‑based startup, has launched Pai, an intelligent orchestration layer that links diesel generators, solar panels, inverters and grid connections for Nigerian businesses. By analysing real‑time usage data, Pai can automatically shift loads to the cheapest or most reliable...
SMDC Brings Solar Power to Iloilo with 1st Renewable Energy Energization in the Visayas
SM Development Corporation (SMDC) celebrated Earth Day 2026 by energizing its first solar power system in the Visayas at the Style Residences in Iloilo City. The installation, part of a pilot rollout with Buskowitz Energy, is expected to shave roughly...
Saudi Aramco Halts LPG Exports Through May After Damage
Saudi Aramco announced it will suspend LPG exports from its Juaymah facility through May after a support structure collapsed in February, delaying repairs. The halt adds to regional supply constraints already strained by the near‑closure of the Strait of Hormuz....
15 Years of Australian Solar Manufacturing: Tindo Highlights Growth and Next Phase
Tindo celebrated 15 years of continuous Australian solar panel manufacturing, underscoring its status as the nation’s sole domestic PV producer. The company highlighted its Mawson Lakes facility’s expansion to 180 MW annual capacity and a feasibility study for a 1 GW gigafactory....
When Will Gasoline Prices Go Down?
Gasoline prices remain elevated as oil futures react to heightened geopolitical risk and a tightening global supply outlook. Uncertainty surrounding potential Iran‑U.S. peace talks and a recent halt in shipping traffic through the Strait of Hormuz have added volatility to...
Why Energy Security Needs a New Playbook
The article argues that the definition of energy security must expand beyond reliable, affordable supply to include the resilience of production, refining, transport and delivery systems. Recent disruptions in the Strait of Hormuz and the wars in Iran and Ukraine...
The Commodities Feed: UAE Exit From OPEC Marks a Big Shift in Oil Market
The United Arab Emirates announced it will leave OPEC on May 1, ending its roughly 12 % share of the cartel’s output. With current capacity near 4.85 million barrels per day and a target of 5 million b/d by 2027, the UAE could add...
Biomass Can Add Even More Value to Australia’s Forest Carbon Stock
A record 200+ members of Forestry Australia joined a bioenergy and biochar webinar that highlighted Europe’s proven pathways—pyrolysis, certified carbon removal credits, and biomass‑fired district heating—as models for Australia. Dr. Fabiano Ximenes emphasized that forest residues can generate measurable carbon...
Cabinet Backs B20bn Loan to Steady Fuel Prices
Thailand’s cabinet approved a 20 billion‑baht (≈ $540 million) loan for the Oil Fuel Fund Office to boost liquidity amid a global oil shock triggered by the US‑Israel war on Iran. The fund, already running a 53 billion‑baht (≈ $1.4 billion) deficit and 56 billion‑baht (≈ $1.5 billion) in...
U.A.E. Is Leaving OPEC but Will Still Need to Exercise Caution as It Increases Oil Production
The United Arab Emirates announced it will leave OPEC on May 1, ending its roughly 12 percent contribution to the cartel’s output. The move follows long‑standing disputes with Saudi Arabia over quota allocations and reflects the UAE’s desire for greater production flexibility....
Southern Energy Fields Interest for Pipeline Financing
Southern Energy is courting banks to finance a 500‑kilometre pipeline that will feed a new LNG export facility in Argentina. The Argentine consortium behind the project aims to secure multi‑billion‑dollar funding to cover construction and early‑stage operations. Completion is targeted...
Recycling of Spin-Triplet Excitons in Organic Photovoltaics
Researchers led by Li and Kong reported a breakthrough method to recycle spin‑triplet excitons in non‑fullerene organic photovoltaics. By engineering donor‑acceptor energy levels, triplet excitons are up‑converted into singlet charge‑transfer states, mitigating a major loss pathway. Ultrafast transient absorption and...
Delek Logistics Partners LP (DKL) Q1 2026 Earnings Call Transcript
Delek Logistics Partners reported a record 2025 adjusted EBITDA of $536 million, driven by strong natural‑gas, crude and water operations and the integration of H2O and Gravity assets. The new Libbey II processing plant raised capacity to roughly 160 MMscf per day, supporting...
Delek US Holdings Inc (DK) Q1 2026 Earnings Call Transcript
Delek US Holdings reported a GAAP net loss of $106 million ($1.76 per share) and an adjusted loss of $33 million ($0.56 per share) for Q1 2026, while adjusted EBITDA climbed to $170.2 million on stronger refining margins. The company posted record system‑wide refinery...
National Fuel Gas Co (NFG) Q2 2026 Earnings Call Transcript
National Fuel Gas reported a GAAP loss of $1.23 per share for Q2 2020, driven by a $1.49 per share impairment on oil and gas assets and lower commodity prices. Adjusted earnings fell to $0.97 per share, prompting a modest...
MYR Group Inc (MYRG) Q1 2026 Earnings Call Transcript
MYR Group reported record 2025 results, delivering $3.7 billion in annual revenue and a 17% jump in fourth‑quarter sales to $974 million. Gross margins improved to 11.4% and operating cash flow surged to $115 million, driven by higher fixed‑price contracts and better collections....
Turkmen Gas Is Back on Turkey’s Agenda
Turkey has lost its Iranian gas imports, which supplied about 15% of its demand, and is reviving interest in a trans‑Caspian pipeline to bring Turkmen gas to Turkey and Europe. Energy Minister Alparslan Bayraktar urged international talks on the never‑built...
Antero Resources Corp (AR) Q1 2026 Earnings Call Transcript
Antero Resources reported over $750 million of free cash flow in 2025, enabling a $300 million debt reduction, $136 million of share repurchases and $250 million of accretive acquisitions. The company closed the HG Energy acquisition ahead of schedule, adding 385,000 net acres and...
Govt Struggles to Find Land for Solar Power Program
Indonesia aims to install 100 GW of solar capacity to accelerate its energy transition, but land scarcity and logistical hurdles are slowing progress. The Energy Ministry and eight other agencies are coordinating data sharing and land acquisition, yet a recent survey...
India Flags Data Gaps as Global Coal Mine Methane Emissions Remain Flat Since 2021: Ember
Coal mining released roughly 35 million tonnes of methane in 2023, a level comparable to oil and gas emissions, and global coal‑mine methane (CMM) output has not moved since 2021. India’s latest report shows 1.2 million tonnes for 2024, yet the IEA’s...
Virgin Media O2 Inks 10-Year Solar PPA with Egg Power
Virgin Media O2 has entered a 10‑year power purchase agreement with renewable developer egg Power to buy electricity from a new solar farm in Suffolk. The farm is slated to begin generating power in 2027, providing a long‑term source of...
These Two Countries Are the Most Likely to Leave OPEC’s Orbit Next
The United Arab Emirates is viewed as the most likely member to exit the Organization of the Petroleum Exporting Countries, signaling a potential shift in the cartel’s composition. Analysts point to Kazakhstan and possibly Iraq as the next candidates, citing...
Amid Iran War and Tensions with Neighbors, U.A.E. Goes Its Own Way
The United Arab Emirates announced it is leaving OPEC as Saudi Arabia hosted a Gulf summit, positioning itself to increase oil output independently. Abu Dhabi cited long‑term market needs and frustration with Saudi‑driven production quotas. The move underscores a widening...
Fossil-Fuel Talk Participants Call for Framework
Around 60 nations—accounting for roughly one‑fifth of global oil output, a third of consumption and a third of world GDP—gathered in Santa Marta, Colombia, for the first Conference on Transitioning Away from Fossil Fuels. Delegates expressed frustration with existing consensus‑driven multilateral...
Selling Storage: The 2026 Pocket Guide
The 2026 Pocket Guide from Aurora Solar highlights a surge in solar‑plus‑storage installations, with Ohm Analytics reporting that nearly every new system in California and Puerto Rico, and about half nationwide, will include a battery. Policy incentives are accelerating this...
Spot Prices Wrap: Northeast, Midwest Hubs Strengthen on Chilly Forecasts
Physical natural gas spot prices rose in the Northeast and Midwest on Tuesday as colder weather forecasts lifted heating demand. Seasonal maintenance at key production facilities and reduced export volumes constrained supply, while an unexpected uptick in power‑generation consumption added...
The 2026 Aurora Solar Snapshot
The U.S. solar market faces a pivotal shift after the One Big Beautiful Bill and the looming expiration of the Investment Tax Credit (ITC) for cash and loans. Aurora Solar’s 2026 Snapshot reports that traditional sales models are failing, prompting...
Why the UK and EU Keep Doubling Down on Net Zero
UK Energy Secretary Ed Miliband announced a renewed push to accelerate the nation’s net‑zero agenda, branding critics as spreading “nonsense and lies.” In a strongly worded statement, he warned that abandoning climate targets would trigger “climate breakdown” and jeopardize the...
Asia's Energy Buyers: Between a Rock and a Hard Place
Asia's energy importers are trapped between soaring commodity prices they cannot afford and a supply chain that may take weeks to restart. Ongoing negotiations, conducted remotely from Islamabad, involve high‑stakes posturing and game‑theoretic brinkmanship among regional buyers and sellers. The...
The Treasury Can Set Citgo Free
Citgo Petroleum, the U.S. refining arm of Venezuela’s PDVSA, remains under U.S. Treasury control after sanctions and a pending auction. Analysts say a single Treasury approval to sell the company to private investors could unlock roughly $10 billion of capital for...
Iran War Disrupting Global Gas Markets
The International Energy Agency warns that the war in Iran has triggered a sharp supply shock in the global natural‑gas market. Production disruptions and transport bottlenecks are pushing spot prices higher and eroding the momentum of a planned surge in...
What Are OPEC and OPEC +, and Why Has UAE Quit?
The United Arab Emirates announced on April 29, 2026 that it is leaving both OPEC and the broader OPEC+ alliance, citing national interests. The Gulf nation produces roughly 4.8 million barrels per day and has room to expand output further. Its...
Has Gas Replaced Oil?
Liquefied natural gas (LNG) is rapidly gaining geopolitical weight in the Middle East, challenging oil’s decades‑long dominance. Recent wars and supply‑chain realignments have accelerated LNG’s role as a strategic lever for both producers and consumers. Major exporters such as Qatar...
Walmart + ABB Roll Out 400 kW EV Chargers – Starting in Phoenix
Walmart has teamed with ABB E‑mobility to install its A400 All‑in‑One DC fast chargers at seven Phoenix‑area stores, marking the first phase of a nationwide rollout that will eventually span locations in Colorado, Florida and Georgia. The 400 kW units can deliver...
No Clear Timeline for Brazil Fossil Fuel Phase Out
Brazil’s environment ministry says there is no set timetable for a fossil‑fuel phase‑out roadmap, despite President Lula’s December directive to draft one. The requested resolution was never published and has been handed to the national energy policy council for development....
Quantum Battery Defies Conventional Physics
Australian researchers from CSIRO, RMIT University and the University of Melbourne have built a proof‑of‑concept quantum battery that can be wirelessly charged with a laser and deliver a full charge‑discharge cycle. The device uses a layered microcavity tuned to copper...
Wright Says Hormuz Can Open Without Clearing All Mines
U.S. Energy Secretary Chris Wright told Bloomberg that ships can resume transiting the Strait of Hormuz without fully clearing the Iranian mines that have blocked the waterway since late February. He said a narrow safe corridor could be established quickly,...
Third Ukrainian Strike Damages Russian Oil Terminal at Tuapse
Ukraine’s Unmanned Systems Forces carried out three long‑range drone strikes on the Russian oil terminal at Tuapse in April, hitting a refinery that processes roughly 12 million tonnes of crude annually—about 4‑5% of Russia’s total capacity. The attacks destroyed multiple storage...