A consortium led by BlackRock’s Global Infrastructure Partners (GIP) and U.S. gas giant EQT Corp. (NYSE:EQT) have agreed to acquire global power utility, AES Corp. (NYSE:AES), for $15 per share in cash, totaling an enterprise value of approximately $33.4 billion. The deal, which includes major pension and investment funds, represents a ~40% premium for AES shares and includes the assumption of debt with a cash equity value of $10.7 billion. AES will continue to operate as a utility, with regulated businesses in Ohio and Indiana expected to…

JPMorgan Chase has warned that Brent crude oil prices could spike to $120 per barrel if a full-scale conflict in the Middle East leads to a sustained disruption of oil flows through the Strait of Hormuz, estimating that Gulf producers can only sustain normal production for roughly 25 days if the Strait is completely blocked, after which saturated storage would force a total shutdown of regional production.  Oil prices were surging on Monday, with Brent crude for April delivery up 8.7% to trade at $79.28 per barrel at 9.00 am ET while the corresponding…

The world’s biggest maritime insurers and insurers’ clubs are ending war risk coverage for vessels transiting the Persian Gulf and the Strait of Hormuz, following the escalation of the conflict in Iran.  As of midnight London time on March 5, most major insurers will terminate war risk coverage, various circulars from the insurance clubs say.  The American Steamship Owners Mutual Protection and Indemnity Association issued on Sunday a Notice of Cancellation in respect of war risks exposures within the Persian/Arabian Gulf…

The world’s biggest maritime insurers and insurers’ clubs are ending war risk coverage for vessels transiting the Persian Gulf and the Strait of Hormuz, following the escalation of the conflict in Iran.  As of midnight London time on March 5, most major insurers will terminate war risk coverage, various circulars from the insurance clubs say.  The American Steamship Owners Mutual Protection and Indemnity Association issued on Sunday a Notice of Cancellation in respect of war risks exposures within the Persian/Arabian Gulf…

Qatar’s state-owned energy giant QatarEnergy has stopped all liquefied natural gas (LNG) production, shutting down the country’s entire LNG output after Iranian drone strikes hit its major facilities at Ras Laffan and Mesaieed. The shutdown removes roughly 20% of the world’s LNG supply from the market and sends ripples through already volatile global energy markets. QatarEnergy said in a statement on its website Monday that “due to military attacks on QatarEnergy’s operating facilities in Ras Laffan Industrial City…

Qatar’s state-owned energy giant QatarEnergy has stopped all liquefied natural gas (LNG) production, shutting down the country’s entire LNG output after Iranian drone strikes hit its major facilities at Ras Laffan and Mesaieed. The shutdown removes roughly 20% of the world’s LNG supply from the market and sends ripples through already volatile global energy markets. QatarEnergy said in a statement on its website Monday that “due to military attacks on QatarEnergy’s operating facilities in Ras Laffan Industrial City…

Pakistan could seek to be included in Saudi Arabia’s preferred buyers of crude exported from the Red Sea amid the major disruption to tanker traffic in the Strait of Hormuz, sources told Pakistani outlet The News.   The escalating conflict in Iran and Tehran’s retaliatory strikes on landmarks and airports in Gulf countries including the UAE, Kuwait, and Bahrain, have effectively halted oil and LNG tanker traffic via the vital Strait of Hormuz, where a fifth of global oil and LNG flows pass. While the Strait is not formally…

Cellphone footage showing tongues of flame and thick, black smoke billowing from a ship in the Strait of Hormuz is an ominous image underlining fears of disruption to global oil supplies amid the US and Israeli conflict with Iran. The straits are a vital global trade route for oil and liquefied natural gas (LNG). The Skylight, a 7,600-ton oil and chemical tanker, was just north of the Omani port of Khassab, near to the narrowest point of the strait where the shipping lane is just 3 kilometers wide. It was one of three civilian ships reportedly…

Oil prices surged on Monday as the fallout from U.S. and Israeli military strikes on Iran rippled through global energy markets, with tanker traffic through the Strait of Hormuz already heavily impacted and military strikes continuing across the region. In early Asian trade, Brent futures broke the $80 mark, briefly trading at $82.37 before trimming gains slightly as markets digested volatility. Similarly, WTI futures climbed rapidly, soaring past the $72 mark in early trading before dropping back to $71 at the time of writing. The spike in oil…

Oil prices surged on Monday as the fallout from U.S. and Israeli military strikes on Iran rippled through global energy markets, with tanker traffic through the Strait of Hormuz already heavily impacted and military strikes continuing across the region. In early Asian trade, Brent futures broke the $80 mark, briefly trading at $82.37 before trimming gains slightly as markets digested volatility. Similarly, WTI futures climbed rapidly, soaring past the $72 mark in early trading before dropping back to $71 at the time of writing. The spike in oil…

In a typical Chinese rare earth processing plant, 200 workers move through a maze of massive chemical tanks, risking life and limb to produce the materials that power everything from fighter jets and missile components to cellphones. Hundreds of these facilities operate across China, and they give Beijing overwhelming control over the single most critical choke point in the modern industrial economy. But now, in Saskatchewan, Canada, a hi-tech plant of engineers and chemists is beginning to break that monopoly. The facility is built around an AI…

China's imports last year broke yet another record, despite talk of waning oil demand. Since the start of this year, the world’s biggest oil importer has continued buying crude at elevated rates, but this may be about to change as prices extend their rally. Brent crude has been hovering around $70 per barrel for over a week now, and the outlook remains rather bullish compared to forecasts from the end of 2025, which could not foresee the latest geopolitical developments and their potential implications for supply security. China, while not…

BP is betting big on the U.S. shale patch to raise its worldwide production and accelerate drilling while keeping a tight capital budget. The UK-based supermajor is doing something few other pure shale producers are doing. Shale drillers have been slowing drilling activity, or at least not spending too much on raising production, amid volatile oil prices that have dropped below the estimated break-even levels too many times to count in the past few months. For example, Diamondback Energy, one of the biggest names in the patch, plans to keep activity…

Several Middle Eastern states have introduced overarching national strategies with aims to diversify their energy mix to reduce their reliance on fossil fuels, as they also seek to expand their economies beyond a dependence on oil and gas revenue. This has led countries, such as the United Arab Emirates (UAE), Saudi Arabia, and Qatar, to invest heavily in the expansion of their renewable energy and cleantech industries.  Oil and gas production has provided several Middle Eastern countries with significant revenue for many decades, allowing…

For decades, the West has been sleepwalking into dependency. While we built the world’s most advanced fighter jets, smartphones, and electric vehicles, we quietly surrendered the most important component of modern tech. Rare earth elements. Today, China controls 95% of the world’s rare earth processing capacity…a leverage point so powerful, it could cripple Western economies in a matter of months. But in the heart of Canada, the tide is finally turning. Saskatchewan Research Council (SRC), Canada’s second-largest research…

The race for nuclear fusion is heating up around the world as scientific breakthroughs continue to pick up speed. For years, the joke was that the ability to unlock commercial nuclear fusion would always be 30 years away. But now it truly might be – or, with the way the timeline is picking up pace, maybe even sooner.  Already this year, researchers on opposite sides of the globe have announced critical advancements in nuclear fusion research and development. A team of scientists in Russia has reached a fusion milestone by successfully…

Many countries around the globe are rapidly ramping up their renewable energy capacity and moving away from fossil fuels in a bid to reduce their greenhouse gas emissions. However, decarbonising certain sectors, such as heavy industry, is not so simple. Various companies worldwide are searching for ways to decarbonise the steel industry, with little luck to date. While some companies have adapted operations to ensure their steelmaking is cleaner than it once was, producing green steel is no easy feat, and it could take several years to make significant…

01-03-26.-Estudiantes de la Universidad Santa María (USM) han expresado su preocupación por medio de redes sociales ante el incremento de la matrícula de su casa de estudio, asegurando que a muchos se les dificulta o imposibilita continuar estudiando para culminar su carga académica. ...

01-03-26.-A pesar de la recién promulgada Ley de Amnistía en el país, más de 500 familias venezolanas continúan sin ver a sus seres queridos en libertad. Este es el caso de Daniel Romero, Fidel Brito, Ángel Rivas y Fernando Serrano: todos bolivarenses y, según denuncias, detenidos debido a su vincul...

01-03-26.-Para un científico no es fácil tragarse las espinas que ha sacado a la luz la crisis venezolana. Son las espinas de la falta de recursos, del retroceso del Estado, del éxodo de cerebros en busca de mejores condiciones. También, las de la tutela estadounidens...