The United Kingdom’s vaunted renewable energy fleet delivered a stark reality check over the recent weekend. Despite boasting approximately 32 GW of installed wind capacity—onshore and offshore combined—actual output plummeted to just 0.6 GW, less than 2% of nameplate capacity. This collapse occurred overnight, when solar generation was zero, leaving Britain functionally reliant on dispatchable […]
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The European Union’s energy policymakers have spent years touting their “REPowerEU” strategy as a masterstroke of independence from Russian fossil fuels. Yet in March 2026—mere weeks after the EU began rolling out its formal ban on short-term Russian LNG purchases—the bloc imported more Russian liquefied natural gas than in any month on record. According to […]
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Satellite observations from the Payne Institute for Public Policy at the Colorado School of Mines reveal a notable divergence in upstream gas flaring trends across the Middle East in early 2026. While countries like Iraq, the UAE, Qatar, and Saudi Arabia showed sharp declines in flaring activity amid regional conflict, Iran registered a net increase of 84 […]
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GE Vernova (NYSE: GEV) delivered a blockbuster first-quarter 2026 performance that exceeded analyst expectations across the board, sparking a roughly 13-14% surge in its stock price. The energy technology leader reported revenue of $9.3 billion (up 16% year-over-year and 7% organically), adjusted EBITDA of $896 million (nearly doubling from the prior year, with a margin […]
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As the Strait of Hormuz remains effectively closed following the escalation of the U.S.-Israel-Iran conflict in late February 2026, the world is witnessing what energy experts are calling the largest supply shock in history. Traffic through the strait has plummeted by over 95%, choking off roughly 20% of global oil and LNG flows, along with […]
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The standard Levelized Cost of Energy (LCOE) has dominated energy policy discussions for years. Policymakers, media, and even some industry reports cite it to claim that wind and solar are now the “cheapest” forms of new electricity generation. But as Germany’s Energiewende and certain U.S. states demonstrate, this metric is dangerously incomplete. It ignores the […]
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In a significant boost for British Columbia’s natural gas sector and Canada’s position as an energy superpower, the federal government today approved Enbridge Inc.’s $4 billion Sunrise Expansion Program. The project will add up to 300 million cubic feet per day (MMcf/d) of additional transportation capacity to the southern section (T-South) of Enbridge’s Westcoast natural […]
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The conflict in the Persian Gulf—sparked by U.S.-Israeli strikes on Iran beginning February 28, 2026—has sent shockwaves through the global food system, even though the region itself is not a major agricultural breadbasket. As detailed in Bloomberg’s April 24, 2026, analysis, the war has cut off critical sources of energy and fertilizers, essential inputs for […]
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In a clear signal of renewed optimism for the upstream sector, Baker Hughes CEO Lorenzo Simonelli stated that investment in oil and gas production is set to rise. Disruptions from the Iran war are spurring a global push for energy security, according to the head of one of the world’s largest oilfield service providers. Simonelli, […]
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New York and California have long positioned themselves as national leaders—some might say the “gold standard”—in aggressive climate legislation. Laws like New York’s Climate Leadership and Community Protection Act (CLCPA, 2019) and California’s AB 32 (2006), SB 32 (2016), and SB 100 (2018) set ambitious targets for greenhouse gas reductions, renewable energy mandates, and electrification. […]
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