Grideval Events

The Middle East conflict has disrupted global energy flows, forcing countries to rethink supply routes and strengthen energy security. As more buyers turn to the spot market to replace disrupted volumes, Rystad Energy estimates that global LNG importers will spend at least $39 billion more on contracted and spot supplies in 2026, despite purchasing 60.7 million tonnes less. Disruptions to Qatari and UAE exports through the Strait of Hormuz are forcing buyers to secure replacement volume at higher prices. Total portfolio costs are expected to reach…

Open original source

Aurora Energy Research has launched a forecast service to help investors and developers assess the commercial case for battery storage in the Philippines.

Open original source

Facility will support electronic design automation (EDA), simulation, and offer sovereign AI cloud services

Open original source

Before a utility can raise electricity rates, it must get approval from regulators. In Ohio, some groups are looking to step into that process to make sure FirstEnergy, whose utilities supply power to over 2 million customers in the state, uses some of the money it will receive from ratepayers to equitably enable the…

Open original source

The grid operator’s proposed fast-track study process for large loads with generation lacks ratepayer protections and favors vertically integrated utilities over independent power producers, critics said.

Open original source

The Middle East conflict has tightened energy markets so much that crude oil, fuel, and natural gas prices are unlikely to return to pre-war levels in 2027, Fatih Birol, executive director of the International Energy Agency (IEA), said on Monday. “I am afraid I don't see any credible pathway that the markets will go next year, where we were before this war has started,” Birol said at the Singapore International Energy Week conference, as carried by Reuters. In a speech at the event, Birol cautioned that energy markets are…

Open original source

China needs its biggest oil and gas producers to drill more, explore more, and build strategic supply bases as the Iran war forces Beijing to confront an uncomfortable reality: even the world's largest crude stockpile cannot replace a dependable supply of oil indefinitely. China's National Energy Administration has called on PetroChina, Sinopec, CNOOC, and other domestic producers to expand production capacity, increase investment, and accelerate the development of national oil and gas supply bases. The directive, issued following an October 21…

Open original source

Oil and gas may be flowing through the Strait of Hormuz again, but the impacts of its months-long closure will be felt for years to come. For Asia, in particular, regulating markets and shoring up energy security to avoid the next energy shock will require trillions of dollars in the coming years as energy demand projection rates continue to rise sharply across the region. When traffic through the Iranian-controlled Strait of Hormuz stopped overnight back in February in response to a military offensive by the United States and Israel, one-fifth…

Open original source

The global energy transition depends on highly concentrated supply chains, the head of the International Energy Agency, Fatih Birol, has warned, declining to name any of the countries involved in these chains. China is by far the most dominant global player in energy transition technology, capacity, and investment. China makes the most wind and solar equipment, is the biggest battery maker in the world, and also the biggest manufacturer and seller of electric cars. According to Birol, this could be a problem, especially for Southeast Asia, Reuters…

Open original source

The company says its supply-chain model has cut transformer delivery timelines to 12-15 months, against an industry average of 36-42 months. The installation in North Carolina comes as US utilities face transformer supply constraints, with Zetwerk reporting 12-15-month delivery timelines against an industry average of 36-42 months.

Open original source

The facility housed a repeater used by the Russian military for drones, says Atesh

Open original source

Crude oil prices moved lower today after reports about renewed diplomatic efforts to achieve peace in the Middle East, with Saudi, Turkish, and Pakistani officials travelling to Tehran to discuss the prospects of an end to hostilities. At the time of writing, Brent crude was trading at $114.85 per barrel, with West Texas Intermediate at $100.87 per barrel. That’s down from over $117 for Brent crude at the end of last week, and over $103 for WTI, on peace hopes and traders taking profit. However, continued Houthi attacks on Saudi energy infrastructure…

Open original source

Bharat Petroleum Corporation Limited (BPCL), one of the biggest Indian state-owned refiners, will reduce its purchases of crude oil from Russia in November as high freight costs and premiums for Russia’s crude undermine the attractiveness of Moscow’s oil compared to Middle Eastern offers. BPCL will buy lower volumes of Russian crude in November as the Middle East grades are more commercially attractive for the company now, BPCL’s head of finance, Vetsa Ramakrishna Gupta, said on Monday, discussing the refiner’s quarterly…

Open original source

The United States has not pressured India to cut crude oil imports from Russia, Indian Oil Minister Hardeep Singh Puri said on Tuesday, as Russian cargo arrivals to the world’s third-largest crude oil importer have declined in recent weeks amid an increase in imports from the Middle East. India’s purchases of Russian crude oil are closely linked to the pricing, discounts, and import costs of various grades, the minister said at an industry event. “I never felt anything,” the official said in response to a question about…

Open original source

Britain is deciding whether to drill its largest untapped oilfield in the middle of an oil shock, with Brent above 100 and more than 70% of its oil already coming from abroad. Rosebank, west of Shetland, is an £8.7 billion (~11.6 billion) development that its operator says would pump about 69,000 barrels a day at peak, roughly a tenth of the country’s expected oil output. The production vessel has been on site since June, and Ithaca Energy, which owns a fifth of the field, says it will likely stop investing in Britain if the government…

Open original source

Australian battery energy storage developer Akaysha Energy has refinanced its existing project-level debt through an A$1.75 billion…

Open original source

We extensively covered the unusually strong El Niño, its weather impacts by region, and the risks this adverse weather poses to crop production and global food inflation. UBS's energy team hosted a call Tuesday with meteorologist James Block to assess El Niño impacts for weather markets. The discussion comes amid a global refining crisis and continued disruptions to Strait of Hormuz energy flows, with European natural gas futures approaching 90 euros per megawatt-hour this week. Block offered some relief to energy consumers…

Open original source

The Central Electricity Regulatory Commission (CERC) has rejected an independent power producer’s (IPP) request to extend the scheduled commercial operation dates (SCOD) of four wind and solar projects totaling 707.3 MW and extend the waiver of interstate transmission system (ISTS) charges.

Open original source

As India’s solar power sector expands rapidly and creates new opportunities for renewable energy industry stakeholders, it also faces a widening talent gap that extends beyond technical skills. According to the recently released Mercom India’s ‘Bridging India’s Solar Talent Gap – Aligning Academia with Industry Needs’ report, employers identified gaps across practical exposure, project execution, manufacturing processes, system design, regulatory understanding, commercial knowledge, troubleshooting, and site readiness.

Open original source