The European offshore wind market is experiencing a structural supply constraint as the exit of GE Vernova from new orders leaves Siemens Gamesa and Vestas as the primary suppliers for the region. Turbine selling prices have increased by 40% to 45% since 2020, a surge that outpaces manufacturing cost inflation and reflects the immense technical […]
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The ongoing conflict in the Middle East — sparked by U.S. and Israeli strikes on Iran in early 2026 — has delivered an unexpected windfall to the Kremlin. Global oil prices surged as threats to the Strait of Hormuz disrupted supplies from the region, pushing benchmark prices above $100 per barrel at peaks and lifting […]
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Oslo, Norway – In a significant move to bolster European energy security, Norway’s Ministry of Energy has approved the reopening of three long-idle North Sea gas fields that were shut down in 1998. The fields—Albuskjell, Vest Ekofisk, and Tommeliten Gamma—are located less than 10 km west of the giant Ekofisk complex and will resume […]
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UK Energy Secretary Ed Miliband is under fire for blocking the release of a key government document that critics say would expose how Labour’s net zero policies are set to drive up household electricity bills while protecting profits for offshore wind developers. The controversy centers on Miliband’s decision last year to scrap proposals for zonal […]
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ENB Pub Note: I wrote about this a few days ago, and Andrew Korybko, Substack Author, just put out his article with some key points. Geopolitical choke points for energy are heating up around the world. The strategic stakes are simply too high as NATO encroaches on Russia’s entire southern periphery via TRIPP and Turkiye […]
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QatarEnergy has formally extended its force majeure declaration on liquefied natural gas (LNG) supplies through mid-June, according to Bloomberg. Customers received the latest notice as the Strait of Hormuz remains almost entirely closed to tanker traffic following Iranian missile strikes on the Ras Laffan Industrial City in March. This isn’t a surprise—it’s a continuation of […]
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What a wild day on the News Desk. President Trump ordered the U.S. Navy to escort ships through the Strait of Hormuz, and Iran started lobbing drones and missiles around. Bagdad Bob showed up in Iran and claimed that they hit a US ship, but they did not. It will be interesting to see what […]
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Authorities in the United Arab Emirates’ Fujairah emirate have confirmed that a fire broke out at the Fujairah Oil Industries Zone (FOIZ) following a drone strike originating from Iran. Civil defense teams responded immediately and continue to contain the blaze, with no injuries reported. The incident comes amid heightened regional tensions, as Gulf states weigh […]
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Italian Prime Minister Giorgia Meloni met Azerbaijani President Ilham Aliyev in Baku on May 4, 2026, and vowed to deepen energy cooperation with Azerbaijan as part of Italy’s broader strategy to secure supplies amid ongoing global disruptions. Meloni described Azerbaijani gas and oil — which currently account for 16% of Italy’s gas imports and 17% […]
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Irina Slav did a great job today leading the discussion, and it was interesting with the great comments from the live audience. Irina had a great point about the new Ford’s ability to shut down or allow you to use your own car due to heightened stress. This is not good, and I will not […]
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