Oil & Gas

Natural Gas

Coal

The US coal industry is given a reprieve by the US government, but this will not last long: Jenarthan & Jain

Coal has been given an unlikely reprieve by the combination of U.S. support and the Iran War. Don't call this a comeback. In the first weeks of Tehran’s war against the U.S., and Israel, the global seaborne thermal prices of coal rose by over 25%. Prices rose to the highest level since late-2024, adding new momentum to a 'unexpected' rebound. This price rise reflects short-term market conditions, not a structural improvement in the?coal economy, as is evident by the fact that prices are only 15% higher than pre-war levels. These recent steps come after coal achieved several positive milestones in...

Natural Gas

Taiwan has received assurances from a'major country' about LNG supplies

Taiwan's economy minister announced on Saturday that the energy minister of a "major country" producing liquefied gas had given Taiwan assurances about supply. He was speaking in relation to the?impact of the Iran War on Middle East energy imports. Taiwan, which is a major producer of semiconductors, relied on Qatar to supply around a third its LNG prior to the conflict. It has now said that it has secured alternative supplies from countries such as Australia and the United States for the months ahead. Kung Ming Hsin, Taiwan's Economy Minister, told reporters in Taipei that Taiwan enjoys good relations with...

Natural Gas

Data centers forced to become more flexible by the US grid

In times of high demand for electricity, the U.S. tech industry is being pressured to reduce its power consumption. This comes amid growing public concerns that Big Tech's massive energy needs in expanding data centers will'max out' the country's electrical grid. When utilities and grid operators ask for it, the power industry and its regulators are increasingly pushing tech companies to make a concession that was previously unthinkable - they're asking them to?scale?back their energy consumption in giant server farms called data centers. The majority of the attempts to make data centres more flexible are in pilot mode. Data centers...

Power Markets

JERA's exec claims that there is no immediate shortage of LNG in Japan, but they are currently in negotiations for additional supply.

JERA, Japan’s largest power generator, is not facing a shortage of liquefied gas, despite the U.S. and Israel’s war against?Iran. However, JERA is in talks with long-term suppliers about possible additional supplies, according to a senior executive on Saturday. Global CEO Yukio KANI said that Japan's biggest LNG buyer, Global, handles around 35 million metric tonnes of super-chilled gas annually. Around 27 million tons of this fuel are used in Japan, with about 5% passing through the Strait of Hormuz. Iran has disrupted the shipping in the'strait', which is a conduit for 80% of the world's fossil fuel?supplies. Kani, speaking...

Energy Markets

Germany releases oil reserves to combat the energy price spike caused by Iran war

Katherina Reiche, Germany's Economy minister, said that the International Energy Agency has recommended the release 400 million barrels from its stockpiles. This is the largest?such move? in IEA's history. Reiche confirmed to reporters in Berlin that the government intends to limit petrol price increases to one per day at filling station and introduce "more stringent antitrust regulations of the sector." She did not provide a definite time frame for these measures but said that the United States, Japan and other countries would contribute the most to the release. Reiche stated that the situation is tense as oil supplies are strained...

Nuclear Power

Greenpeace activists confront Macron at the nuclear summit in France

Two Greenpeace activists rushed onto the stage during a global nuclear summit held in France on February 2, interrupting Emmanuel Macron, President of France and Rafael Grossi, U.N. nuclear watchdog chief. The protesters were dressed in black suits with ties and held banners that bore the Greenpeace logo, and read "Nuclear Power= Energy Insecurity", and "Nuclear Power fuels Russia's War". Macron was shouted by one of the protesters, "Why are we still buying Uranium from Russia?" The president responded, "We produce nuclear power ourselves." According to the latest data from the French government, France not only has its own uranium-enrichment...

Energy Markets

Petronas' profit drops for the third consecutive year as oil price pressures weigh on margins

Petroliam Nasional Bhd, the Malaysian state-owned energy company Petronas, or Petroliam Nasional, reported a profit after tax of 45.4 billion ringgit ($11.68 billion) in 2025 compared to 55.1 billion ringgit in 2024. Revenues fell from 320 million ringgit to 266.1 billion rmb ($68.44billion) over the same period. Petroliam Nasional (or Petronas) reported a profit of $45.4 billion after taxes in 2025, compared to $55.1 billion in 2024. Revenues fell from 320 billion to 266.1 billion Ringgit ($68.44 Billion) during the same time period. Tengku Taufik Tengku, the Chief Executive Officer of Tengku Muhammad Tengku Aziz, said that oil prices were...

Natural Gas

The US AI boom is facing an electric shock

The race for artificial intelligence dominance by Big Tech may soon hit a bump in the road as U.S. power grids struggle with keeping up with hyperscalers who spend big. Microsoft, Amazon and Alphabet, among other technology giants in the US, announced in recent months that they plan to spend $600 billion in AI by 2026. Some investors are already concerned about the profitability of this strategy due to the investment wave. The ambitious U.S. AI plans will be hindered by severe power-infrastructure bottlenecks including turbine shortages and slow grid expansion. The processing and cooling of data centers that are...

Natural Gas Utilities

Shell and Metlen sign a deal for LNG trading and supply.

Metlen, a Greek company, announced on Wednesday that it had signed a Memorandum of Understanding (MOU) with Shell to collaborate on the supply and trading of liquefied gas. Greek energy companies are seeking to replace Russian gas with U.S. LNG in central and southern Europe. Metlen is a London and Athens listed energy and metals company. The agreement will allow it to trade and secure between 0.5 billion cubic metres of LNG per year from 2027 until '2031. Deliveries are routed through Greece's Revithoussa terminal and Alexandroupolis. The agreement also envisages the use of the Vertical Gas corridor, a route...

Natural Gas

Trump announces that Japan will invest in energy and industrial projects in Ohio Texas and Georgia

The administration of President Donald Trump announced on Tuesday that Japan would?finance three projects worth $36 billion, including an oil-export facility in Texas, a diamond plant in Georgia, and a natural-gas power plant in Ohio. Trump stated on Truth Social that the projects were part of Japan's $550 Billion U.S. Investment pledge, as part a trade agreement that reduced Trump's tariffs against Japanese imports by 15%. Trump gave very few details on the projects. In a statement, Commerce Secretary Howard Lutnick stated that the Portsmouth, Ohio, power plant would be the world's largest natural gas-fired generation facility with a capacity?9.2...

Oil Equipment

Saudi and US firms partner on northeast Syria Energy Project

Two people who have direct knowledge of the plan say that Saudi Arabian and U.S. firms will form a consortium to explore and produce oil and gas in northeastern Syria. Sources said that Baker Hughes, Hunt Energy, and Argent LNG plan to partner with TAQA on the project. The project would cover four to five exploration blocks in the northeastern area. The project is the latest in an array of large-scale business deals that have spanned Syria's entire economy, since the former autocrat Bashar Al-Assad was overthrown by Islamist rebels who became rulers a year earlier and after the U.S....

Natural Gas

EUROPE GAS - Prices rise on colder weather and weaker winds

Dutch and British wholesale gasoline prices rose Friday morning due to colder weather forecasts, and a weaker wind output. The benchmark 'Dutch front month contract at TTF hub increased by 1.16 euros to 34.97 Euros per Megawatt Hour (MWh) as of 0925 GMST, according to LSEG data. LSEG data shows that the contract reached a high intraday of 35.17 during earlier trading, its highest level since August 1, last year. The Dutch March price was 0.69 euros higher, at 33.42 Euros/MWh. The UK price for February was 3.67 pence more expensive? at 91.17 pennies per therm. This week, prices have...

Environment

Environment

India will experience more heatwaves than usual in May due to an increase in energy demand

The weather office said on Friday that many 'Indian states will likely?experience an above-average amount of 'heatwave days' in May, as India continues experiencing higher-than average temperatures, which are driving energy demand to record highs. India, the third largest oil importer and consumer in the world, is already under pressure after the U.S./Israeli conflict over Iran has disrupted shipping through the Strait of Hormuz. Mrutyunjay M. Mohapatra is the director-general of India Meteorological Department. India will likely receive more than 110% above average rainfall in May. However, many areas of the south peninsula as well as those in the north...

Environment

The top cases in the US Supreme Court docket

The U.S. Supreme Court has been deciding on a number of important cases in its current term. These include voting rights, presidential power, tariffs and birthright citizenship. Other issues are race, transgender sportspeople, campaign finance laws, LGBT "conversion therapies" and federal agency authority. The term began in October, and will run through June. Separately, the court has also acted in emergency cases involving challenges against President Donald Trump's policy. VOTING RIGHTS ACT On April 29, the court gutted a crucial provision of?the Voting Act, making minorities less likely to challenge electoral maps under this landmark civil rights act as racially...

Environment

Edison International reports steady profit growth despite rising electricity rates

Edison International beat the expectations for its first-quarter profits?on Tuesday as it benefited from higher electricity rates. U.S. Power Companies?are seeking a higher 'customer electricity rate,?driven by?surge in demand from AI-focused Data Centers, increased domestic production and extreme weather events such as wildfires. Southern California Edison, an Edison International subsidiary, reported a core profit of $1.65 per share in the first quarter, as it was able to benefit from?its final 2025 rate case decision. Rate cases are used by regulated utilities such as Southern California Edison to determine the charges customers pay for services like electricity, natural gases,?private water, and...

LNG

Pollution

Pollution

The US FDA has concluded that domestic infant formula is safe.

The United States Food and Drug Administration confirmed on Wednesday that infant formula samples tested in the U.S. contained very low levels contaminants. This confirms the safety of the supply. The agency tested over 300 samples of 16 infant formulas sold across the country, looking for heavy metals like arsenic and cadmium as well as synthetic chemicals, pesticides and phthalates. The agency reported that the majority of samples had very low or undetectable levels of contaminants. The FDA used the drinking water limits set by the Environmental Protection Agency to evaluate infant formula because unlike the EU, it does not...

Pollution

The most diverse corals of the South Atlantic, Brazil's Abrolhos, are declining as the climate warms

Researchers in Rio de Janeiro reported that the coral cover on Brazil's Abrolhos reefs, which is the most biodiverse ecosystem of the South Atlantic, had fallen by around 15% in 18 years due to climate changes and human activity. The climate change-linked heatwaves have intensified the so-called "bleaching events" where corals expulse the algae they call home. This permanently undermines the coral health. Corals are dying because their health is compromised by the increased frequency of heatwaves. They may even regain color with this increase, but will develop diseases and necrosis. Coral reefs sustain about 25% of marine life around...

Pollution

The most diverse corals of the South Atlantic, Brazil's Abrolhos, are declining as the climate warms

Researchers in Rio de Janeiro have reported that the coral cover on Brazil's Abrolhos Reefs, which is the most biodiverse coral system in the South Atlantic has decreased by around 15% in 18 years as a result of climate change and human activity. The marine heatwaves caused by climate change have intensified the so-called "bleaching" events, where corals expulse the algae they call home. This permanently damages coral health. Corals are dying because of their compromised health, Moura explained. "With increasing heatwaves corals might regain color but develop diseases and?necrosis." Scientists have called the current state of coral reefs in...

Pollution

Two people die after chemical leak in West Virginia

Officials said that two people died after a chemical 'leak' at a sliver scatalyst?plant?in Kanawha County in West Virginia on Wednesday. In a?statement posted on Facebook by the county commission, it was revealed that the incident took place at Catalyst Refiners, located in the unincorporated Community of Institute. One?person is in critical condition, according to the statement. Kanawha County's Deputy Attorney Christopher Settles stated that more than 30 people were transported to hospitals, including?seven first responders. Some of these individuals traveled as a precaution. Ben Salango, President of the Kanawha County Commission, said that there would be national and state...

Pollution

Two deaths following a chemical leak in West Virginia

Officials said that two people died after a chemical spill at a silver catalyst production facility in Kanawha County, West Virginia, on Wednesday. In a Facebook post, the county commissioner said that the incident happened at Catalyst Refiners, in the unincorporated Community of Institute. They added that one person is?in a critical condition. Around 20 other people needed medical treatment. Ben Salango, the Kanawha County Commission president, said at a press conference that there would be investigations conducted on a national, state and even local level about this chemical release. County officials cited preliminary information to say they believe a...

Climate Change

Texas Environmental Network plans to protest SpaceX analyst meeting

Environmental activists will protest outside SpaceX Starbase launch 'facilities' on Tuesday, ahead of the highly-anticipated IPO 'of Elon Musk’s company. They'll be pressuring public pension funds to reject the deal because they're worried about safety and pollution issues. The South Texas Environmental Justice Network has announced that its members will protest Tuesday outside the main entrance of SpaceX as it begins three days tours and meetings with Wall Street analysts. Bekah Hinojosa, co-founder of Network, has urged investors to boycott the IPO. She also lobbied against the purchase of shares by the New York City Comptroller Mark Levine for the...

Power Markets

The US Energy Secretary is criticized by lawmakers for forcing coal-fired plants to continue operating

U.S. legislators criticized Energy secretary Chris Wright for ordering that aging coal plant remain open in hearings held on Wednesday and Thursday, saying: 'the action will raise the already high power bills for steelmakers and consumers. Wright's department ordered in December that two Indiana coal plants, which had planned to?close permanently?, remain open. They said this would reduce the risk of power outages and provide affordable electricity. CenterPoint Energy's and Northern Indiana Public Service Company's coal plants were to be replaced with natural gas or other sources of power. NIPSCO estimates that it will cost them $100 million to maintain...

Pollution

NAACP files suit against xAI for alleged illegal operation of gas-turbines

The largest U.S. Civil Rights group sued xAI and a subsidiary on Tuesday, claiming that they operated illegally more than?two dozen gas turbines to power Colossus '2 data center in Mississippi, posing a?health risk to local -residents. Earthjustice, the Southern Environmental Law Center and the?NAACP represented by Earthjustice sued xAI, a subsidiary of MZX Tech and alleged that they had violated the federal Clean Air Act, by operating 27 gas-fired generators without obtaining the necessary air permits to power xAI?s?Grok?chatbot. Elon Musk’s artificial intelligence startup xAI invested more than 20 billion dollars to build a data center in Southaven, with...

Electric Utilities

How AI has sabotaged clean-air initiatives in one of America’s most polluted city

Barbara Johnson, an organizer for Metropolitan Congregations United in North St. Louis' mostly Black neighborhoods, has been fighting coal pollutants for decades. The group is one of many activist groups that are campaigning for cleaner pollution in a city with some of the dirtiest air in the nation. Johnson believed that things would get better because the federal soot standard, adopted by Biden in 2024, was scheduled to take effect in 2027. This meant that plants had to reduce emissions or close. Ameren Labadie Energy Center, one of the region's largest polluters, would have been forced to reduce its soot...

Pollution

Investors pressure Amazon, Microsoft, and Google over water and power usage in US data centres

Amazon, Microsoft, and Alphabet’s Google all abandoned the construction of multi-billion dollar?data centres due to community opposition. Now the companies face shareholder pressure regarding the environmental impact of the?projects. Interviews with have revealed that more than a dozen shareholders are putting pressure on tech companies to provide data about their water consumption and conservation efforts, as they look to increase computing power. Andrea Ranger said that Trillium Asset Management of Boston, with assets of more than $4 billion, had filed a shareholder resolution in December asking Alphabet to clarify how it would meet its existing climate goals, given the increasing...

Pollution

US agencies monitor drinking water for microplastics and pharmaceuticals

The U.S. Environmental Protection Agency and Department of Health and Human Services announced on Thursday that they would monitor the 'impact of microplastics and pharmaceutics on 'drinking -water. This is the first step towards assessing the health risks and forming new policies. The announcement by EPA Administrator Lee Zeldin, and Health Secretary Robert F. Kennedy, Jr. was hailed as a victory for President Donald Trump’s "Make America healthy Again" agenda, whose goals have included reducing childhood vaccines recommended and promoting whole -foods in the new dietary guidelines. The EPA has now included microplastics, pharmaceuticals, and other contaminants on its sixth...

Carbon Emissions

Stellantis and China's Leapmotor sign a carbon credit deal for Europe and UK

Zhejiang Leapmotor Technology entered into an agreement to transfer carbon credits generated in Europe and the UK over the remainder of 2026 to Stellantis subsidiaries. The agreement covers all credits generated from the sale and registrations of battery electric vehicles, range-extended models and electric cars under 'the Leapmotor Brand' between March 31 and December 31, said a company filing in an exchange on Tuesday. Leapmotor said that the deal would help it expand its revenue sources as well as fulfill its "corporate social responsibility". Stellantis and Leapmotor have a joint venture to sell the Chinese electric vehicle maker's vehicles in...

Wind Farms

Power Markets

New York files suit against the Trump administration for a halt on two offshore wind project

New York's Attorney General sued the Trump Administration on Friday over the suspension of construction on two offshore?wind farms that it says are needed to power a million homes and reduce the state's reliance on fossil-fuels. Letitia J., New York's Attorney General, has filed two separate lawsuits asking the federal court in Washington not to allow President Donald Trump's freeze of federal offshore leases owned by Equinor from Norway and Orsted from Denmark on December 22, 2018. The Interior Department said that it had halted the project due to complaints from?the Pentagon, that wind turbines can cause radar interference which...

Wind Farms

Japan’s KEPCO Buys Majority Stake in Ireland’s Simply Blue Energy

Japan’s Kansai Electric Power Co. (KEPCO) has signed a share subscription agreement with Ireland’s Simply Blue Group’s offshore wind development arm, Simply Blue Energy OSW (SBE OSW).The strategic investment marks KEPCO’s first investment involving management participation in an offshore wind developer.KEPCO will acquire a majority stake in SBE OSW through its wholly owned subsidiary, KPIC Netherlands BV.Simply Blue Energy OSW is actively engaged in multiple offshore wind projects across Europe and elsewhere and possesses extensive experience and expertise in offshore wind development from the early stages of project formation.With KEPCO’s investment, SBE OSW aims to accelerate the expansion of its...

Renewable Energy 3

L&T Joins Hitachi Energy to Support TenneT’s 2GW Offshore Wind Grid Scheme

India’s EPC contractor Larsen & Toubro (L&T) has been hired to deliver High Voltage Direct Current (HVDC) converters in support of the Dutch-German transmission system operator (TSO) TenneT’s 2GW offshore wind grid program in the North Sea.Collaborating with Hitachi Energy, a global technology leader in electrification, L&T has been nominated by TenneT to deliver HVDC converter stations, as part of the initiative that aims to accelerate the integration of large-scale renewable energy into the European power grid, particularly across the German and Dutch sectors of the North Sea.The collaboration brings together complementary strengths in advanced technology, engineering excellence, and end-to-end...