You might think that Shark Tank’s “Mr. Wonderful,” Kevin O’Leary, is betting it all on AI, but he is not.  He is betting on the $5+ trillion in infrastructure required to run it, and that’s where big capital is flowing now.  And he’s betting on Bitzero (NASDAQ: AIBZ) to be one of the first to break AI’s biggest chokepoint: power.  Bitzero was looking further ahead while most of the rest of the market was narrowly focused on AI software and semiconductors.  As a result, on May 5th, Bitzero…

The Eagle Ford shale play has shown remarkably consistent crude oil production and rising natural gas output in recent years. A formation beneath the Eagle Ford has been producing for nearly a century, but now it has its remaining resources nearly exhausted. The Buda Limestone formation, which lies beneath the Eagle Ford Group, has limited remaining oil and gas resources, the latest analysis by the U.S. Geological Survey (USGC) showed this week. Technically recoverable resources at Buda Limestone are estimated at 184 billion cubic feet of gas and…

China’s clean energy dominance is growing. Buoyed by the skyrocketing energy needs and future projected demands of the artificial intelligence boom, clean energy projects are getting greenlit at a breakneck pace. And those projects depend on cheap Chinese clean energy components, as Beijing has near-total control of global supply chains for clean energy tech including solar panels and lithium-ion batteries for electric vehicles as well as energy storage systems. As a result, Chinese clean energy exports are going gangbusters in virtually…

With major plans for space travel, several governments are proposing lunar energy production, including solar and nuclear projects. In May, NASA announced plans to send robotic landers, hopping drones, and vehicles to the moon as part of the United States government’s plans to develop a lunar base. NASA is expected to develop the machines alongside Intuitive Machines, Astrobotic, Blue Origin, and Elon Musk’s SpaceX. The United States aims to land its astronauts back on the moon before President Donald Trump leaves office in 2029, 60…

Data center developers are scrambling for reliable power, turning away from congested grids and toward on-site fuel cells. Rystad Energy research and analysis projects a tenfold increase in fuel cell market revenues by 2030, rising from around $2.8 billion in 2025 to roughly $30 billion, as AI computing demand drives unprecedented growth in data center construction. A contracted order book of approximately 9 gigawatts (GW), including framework agreements with Oracle, AEP, Equinix, and Brookfield, points to growing confidence among major operators…

Turkey, the host of the UN’s COP31 climate summit, has urged other countries to electrify to support the global green transition. This shift could significantly cut greenhouse gas emissions and reduce reliance on fossil fuels over the next decade, helping to achieve global climate change targets. Murat Kurum, Turkey’s environment minister, who will preside over the COP31 summit alongside Australian representatives, is encouraging countries to meet at least a third of their energy needs with electricity over the next decade to reduce…

Last week, Angola's state oil company, Sociedade Nacional de Combustíveis de Angola (Sonangol), secured a $2.65-billion financing deal with a consortium of international banks to fund the company's operating expenses and capital investments. The financing was heavily backed by a syndicate of foreign lenders including Société Générale, First Abu Dhabi Bank, Standard Bank of South Africa and Absa, while local Angolan banks, including Banco Fomento de Angola (BFA), Banco Millennium Atlântico and Banco Angolano…

Global energy markets are in turmoil as energy crises keep piling up. The energy-hungry AI boom, war in Iran, geopolitical instability, and climate pressures are creating a polycrisis for the global energy sector, and it’s just getting started. To solve multiple overlapping crises, we will need multiple overlapping solutions. An all-of-the-above solution to increasing energy security is therefore gaining favor on a global scale as the precariousness of over-reliance on limited energy supply chains becomes dangerously clear. While fossil fuels…

The world’s largest battery maker is taking a step back from the eclectic vehicles sector to refocus its efforts on energy storage. China’s Contemporary Amperex Technology Co. Ltd. (better known as CATL) has been building up its energy storage portfolio for years now, but the company’s transition away from EVs and toward energy systems has been supercharged by the artificial intelligence boom. Five years ago, just 2 percent of CATL’S sales came from battery storage. Today, storage accounts for a full quarter of the megacompany’s…

Amid an ongoing row between Washington and Tehran over whether international monitors can verify Iranian compliance with its nuclear nonproliferation commitments, former officials have told RFE/RL that the scale, scope, and degree of access are crucial to the success of inspections. Details on those have yet to be determined, though Raffael Grossi, head of the International Atomic Energy Agency (IAEA) said the UN body "will be working on the modalities -- dates, procedures, places -- very soon." That doesn't mean, according to experts, that the…

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 573, up 26 from this same time last year. The number of active oil rigs rose by 7 to 440 during the latest reporting period, according to the data. This is 8 above this same time last year. The number of gas rigs rose by 3 to 125, which is 16 more than this time last year. The miscellaneous rig stayed the same at 8. The latest EIA data showed that weekly…

Equinor is ending its offshore wind business activities in Japan and will close its Tokyo office by the end of the year as the Norwegian energy major is realigning its non-oil and gas strategy to focus on power markets. “This decision reflects a reassessment of Equinor’s strategic direction, with a strengthened focus on integrated power markets,” the Norwegian company said on Friday. While Equinor is ending its Japanese presence, Japan will remain an important country for Equinor, which will continue to invest in its longstanding…

Equinor is ending its offshore wind business activities in Japan and will close its Tokyo office by the end of the year as the Norwegian energy major is realigning its non-oil and gas strategy to focus on power markets. “This decision reflects a reassessment of Equinor’s strategic direction, with a strengthened focus on integrated power markets,” the Norwegian company said on Friday. While Equinor is ending its Japanese presence, Japan will remain an important country for Equinor, which will continue to invest in its longstanding…

Canada and Japan are considering cooperation in critical mineral projects and a potential plan of joint stockpiling of key metals as the two G7 economies look to reduce China’s outsized dominance in the market, Canada’s Minister of International Trade, Maninder Sidhu, told Reuters in an interview published on Friday. “We're offering Japan that avenue to do more with Canada in terms of critical minerals,” said Sidhu, who led a Canadian delegation on a visit to Japan. Japanese and Canadian companies signed more than C$1 billion,…

Oil prices tumbled as markets bet Strait of Hormuz disruptions will ease, with Brent down 10% on the week and Middle East crude benchmarks slipping into contango. Friday, June 26, 2026 Whilst ship transits through the Strait of Hormuz remain a fraction of their previous norm (130-140 transits per day), plunging crude oil prices suggest the commodity markets anticipate that flows would start to recover sooner than later. The two Middle Eastern crude benchmarks, Dubai and Murban, have flipped into contango, as a temporary period of oversupply is…

Grappling with a severe shortage, Russia is seeking to purchase a significant volume of gasoline from neighboring Kazakhstan. Astana appears hesitant to fulfill the request, however, apparently concerned that doing so might entail consequences for the Central Asian nation’s own energy exports. The Reuters news agency first reported that Russian officials had approached Kazakh authorities seeking to obtain 50,000 tons of gas. Ukrainian drone attacks in recent months have devastated Russian refineries, creating a severe shortage and long lines…

Chinese authorities are not restricting coal power growth in the new five-year energy plan as Beijing doubles down on the fossil fuel as a “bottom-line guarantee” of the electricity system amid rising shares of renewable power. China has unveiled its five-year plan for the energy sector, expecting renewable energy to boost its share of electricity supply by 2031, but also noting that it would aim to strengthen the role of coal a “bottom-line guarantee”. China targets clean energy to account for 30% of its power generation…

European officials are expected to visit Baghdad in the coming weeks for high-level talks on energy cooperation, just hours after Iraq warned it could leave OPEC unless the producer group grants the country a higher production quota. According to Iraqi sources cited by Shafaq News, the discussions will focus on expanding cooperation across Iraq's oil, gas and electricity sectors. Planned talks include projects to capture associated gas, increase power generation, expand energy storage capacity and strengthen crude export infrastructure. One proposal…

European officials are expected to visit Baghdad in the coming weeks for high-level talks on energy cooperation, just hours after Iraq warned it could leave OPEC unless the producer group grants the country a higher production quota. According to Iraqi sources cited by Shafaq News, the discussions will focus on expanding cooperation across Iraq's oil, gas and electricity sectors. Planned talks include projects to capture associated gas, increase power generation, expand energy storage capacity and strengthen crude export infrastructure. One proposal…

European officials are expected to visit Baghdad in the coming weeks for high-level talks on energy cooperation, just hours after Iraq warned it could leave OPEC unless the producer group grants the country a higher production quota. According to Iraqi sources cited by Shafaq News, the discussions will focus on expanding cooperation across Iraq's oil, gas and electricity sectors. Planned talks include projects to capture associated gas, increase power generation, expand energy storage capacity and strengthen crude export infrastructure. One proposal…