Trending News: China Added 200,000 Bpd to Crude Reserves in July Despite Hormuz CrisisJapan’s Oil Crisis Eases, But the Import Bill Keeps ClimbingIraq-Syria Oil Pipeline to Bypass Hormuz Is 4 Years and $15 Billion AwayChina’s Renewables Boom Faces Record Clean Power CurtailmentsDiversifying helium: Can dedicated projects reshape global supply?Hormuz Tanker Traffic Slows to a TrickleIndia Lets Delayed Renewable Projects Pay to Keep Grid AccessIndian Oil Giant Secures U.S. License to Return to VenezuelaAsian Refiners Seek Alternative Pickup Point for Saudi CrudeIndia’s Chief Economic Adviser Calls for Return of E10 PetrolChina Oil Imports Jump 22% Even as Economic Data DisappointsHow Phoenix is capitalizing on the Southwest’s opportunityIndia Daily: SECI Seeks Inputs for RE PMU, UPERC Rejects UPRVUNL Solar Petition, Adani Acquires Vizag Transmission SPV, KERC Drafts 2026 Supply Rules, Telangana Eyes 2,545 MW Solar and More…How ReNew Is Advancing Its Net-Zero and Sustainability Roadmap: Key Takeaways From Its FY2025–26 Integrated ReportCATL Achieves Carbon Neutrality Across Core Operations, Targets Full Value Chain by 2035Why Has Oil Not Rallied to $150 or Higher?Türkiye And Saudi Arabia Expand Renewable Energy Partnership To 5,000 MWPodcast | Gas distribution done right: design, reliability, and performance from source to point-of-useBangladesh tragedy shines spotlight on LNG shipbreaking safetyShell Energy Philippines Advances 30 MW/60 MWh Hermosa Battery Storage ProjectAWG appoints Vice-President of Operations for the North RegionTencent drives carbon utilisation ‘out of the lab’US CO2 Outlook Report H1 2026U.S. West Coast Refiners Tap Malaysian SupplySouth Africa’s Top Court Blocks Shell Wild Coast ExplorationChevron strikes oil and gas in Angola’s Block 0, eyes tieback developmentKazakhstan Accuses Big Oil of $10.7 Billion Corruption in Kashagan Oil ProjectHormuz Tanker Traffic Slumps as U.S.-Iran Standoff Drags OnVance Says Cheap Oil and Gas Is Top U.S. Priority in Iran WarMiddle East Oil Tankers Are Going Dark for LongerDrone Strike Sparks Blaze at Key Russian Oil and Fuel TerminalHormuz Crisis Pushes Asian Refiners Toward U.S. OilIndia’s Coal Demand Set to Hit 1.6 Billion Tons by 2030Holcim UAE starts cement carbon capture pilot projectQatar Ras Laffan train five ‘goes offline’Vietnam’s Bac Ninh semiconductor investment hits $2.7bnIndia Daily: India Power Capacity Tops 550 GW, CEA Sets New Cybersecurity Rules, CSPDCL Advances 500 MWh BESS, India Accelerates Smart Meters, Kerala Rejects KINESCO Licence and More…CERC Approves GNA Milestone Extensions With New Charges For Renewable Energy ProjectsSaatvik Green Energy Reports INR 511 Crore Q1 FY27 Revenue, Order Book Reaches 5.89 GWGreen Energy Stocks Deliver Mixed Performance As Sensex And Nifty End Lower (14 August 2026)CIP Closes USD 3 Billion Growth Markets Fund II to Back Large-Scale Renewable Energy ProjectsOil Shocks Could Accelerate EV Adoption, WoodMac SaysU.S. Backs X-Energy Reactor 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Legislature, Governor Fires BackIndia Eyes Two New Sites to Expand Strategic Oil ReservesNew opportunities for CO2 in food and beverage decarbonisationHow CO2 could help reduce water use in data centresBlack Moon Energy and TAE explore helium-3 fuel in nuclear powerAnalysis: Should industrial gas adopt auto-style supply chain safety nets?Green Energy Stocks Trade Mixed As Market Volatility Weighs On Renewable Sector (13 August 2026)United Solar Welcomes U.S. Section 232 Measures on PolysiliconSaudi Arabia Completes $8.5 Billion Green Hydrogen Plant In NEOMTrump Puts 81 Million Gulf Acres Up for Oil and Gas AuctionUkraine Halts Oil Tanker Attacks on JD Vance RequestPutin Opens New Front in Shadow Fleet Fight With Threat to Seize EU ShipsOil Prices Fall as OPEC and IEA Slash 2026 Demand OutlooksSouth Korean Fleet Reshuffle Creates Asia’s Largest LNG Carrier OperatorSungrow Ranked No. 1 in Global BESS Integrator and Solar Inverter Rankings by Wood MackenzieSolar & Storage Expo Chhattisgarh 2026 Concludes on a High Note in Raipur, Bringing Together 3,500+ Industry ProfessionalsUcaneo CEO outlines next steps after opening Germany’s largest DAC facilityUcaneo CEO outlines next steps after opening Germany’s largest DAC facilityU.S. Crude Inventories Rise by Most in 3.5 Years as Exports SlumpBofA to Plow $250 Billion Into Critical Infrastructure ProjectsTop US Refiners See Profits Soar, Step Up Investor RewardsShift CCUS funding onto producers recommends IPPRShift CCUS funding onto producers recommends IPPRSK Shipping to become Asia’s largest LNG carrier under K-LNG rebrandIran Boosts Military Posturing as Talks Hit DeadlockCNNC to procure contract for high-temperature reactorRomanian plant taken offline as Hungary moves to keep Paks operatingUS poll finds support for deep geologic disposalVirginia Data Center Boom Pushes Dominion Deeper Into Costly Power MarketUS to Offer 81 Million Acres in Gulf of Mexico Oil and Gas Lease SaleTrump Says US Has ‘Total Control’ Over Strait of HormuzUS Crude Stocks See Largest Weekly Rise in 3.5 Years, EIA SaysUS Gulf of Mexico Oil and Gas Lease Sale Attracts $82.7 Million in High BidsIEA: Global Oil Deficit To Hit 1.8 Million Bpd This QuarterIndian Refiners Seek 6 Million Barrels of Spot CrudeNorway $2.3 Trillion Wealth Fund Posts Record-High Profit in H1USA Oil, Gas Workforce Hits Lowest Level in YearsCaptured CO2 used to develop recyclable plasticsUS Crude Oil Inventories See Surprise Build: APIRussia Imports Indian Fuel as Refinery Crisis DeepensDrone Attack Hits Power Plant at Key Libyan Oil Hub
Mon. Aug 17th, 2026
Trending News: China Added 200,000 Bpd to Crude Reserves in July Despite Hormuz CrisisJapan’s Oil Crisis Eases, But the Import Bill Keeps ClimbingIraq-Syria Oil Pipeline to Bypass Hormuz Is 4 Years and $15 Billion AwayChina’s Renewables Boom Faces Record Clean Power CurtailmentsDiversifying helium: Can dedicated projects reshape global supply?Hormuz Tanker Traffic Slows to a TrickleIndia Lets Delayed Renewable Projects Pay to Keep Grid AccessIndian Oil Giant Secures U.S. License to Return to VenezuelaAsian Refiners Seek Alternative Pickup Point for Saudi CrudeIndia’s Chief Economic Adviser Calls for Return of E10 PetrolChina Oil Imports Jump 22% Even as Economic Data DisappointsHow Phoenix is capitalizing on the Southwest’s opportunityIndia Daily: SECI Seeks Inputs for RE PMU, UPERC Rejects UPRVUNL Solar Petition, Adani Acquires Vizag Transmission SPV, KERC Drafts 2026 Supply Rules, Telangana Eyes 2,545 MW Solar and More…How ReNew Is Advancing Its Net-Zero and Sustainability Roadmap: Key Takeaways From Its FY2025–26 Integrated ReportCATL Achieves Carbon Neutrality Across Core Operations, Targets Full Value Chain by 2035Why Has Oil Not Rallied to $150 or Higher?Türkiye And Saudi Arabia Expand Renewable Energy Partnership To 5,000 MWPodcast | Gas distribution done right: design, reliability, and performance from source to point-of-useBangladesh tragedy shines spotlight on LNG shipbreaking safetyShell Energy Philippines Advances 30 MW/60 MWh Hermosa Battery Storage ProjectAWG appoints Vice-President of Operations for the North RegionTencent drives carbon utilisation ‘out of the lab’US CO2 Outlook Report H1 2026U.S. West Coast Refiners Tap Malaysian SupplySouth Africa’s Top Court Blocks Shell Wild Coast ExplorationChevron strikes oil and gas in Angola’s Block 0, eyes tieback developmentKazakhstan Accuses Big Oil of $10.7 Billion Corruption in Kashagan Oil ProjectHormuz Tanker Traffic Slumps as U.S.-Iran Standoff Drags OnVance Says Cheap Oil and Gas Is Top U.S. Priority in Iran WarMiddle East Oil Tankers Are Going Dark for LongerDrone Strike Sparks Blaze at Key Russian Oil and Fuel TerminalHormuz Crisis Pushes Asian Refiners Toward U.S. OilIndia’s Coal Demand Set to Hit 1.6 Billion Tons by 2030Holcim UAE starts cement carbon capture pilot projectQatar Ras Laffan train five ‘goes offline’Vietnam’s Bac Ninh semiconductor investment hits $2.7bnIndia Daily: India Power Capacity Tops 550 GW, CEA Sets New Cybersecurity Rules, CSPDCL Advances 500 MWh BESS, India Accelerates Smart Meters, Kerala Rejects KINESCO Licence and More…CERC Approves GNA Milestone Extensions With New Charges For Renewable Energy ProjectsSaatvik Green Energy Reports INR 511 Crore Q1 FY27 Revenue, Order Book Reaches 5.89 GWGreen Energy Stocks Deliver Mixed Performance As Sensex And Nifty End Lower (14 August 2026)CIP Closes USD 3 Billion Growth Markets Fund II to Back Large-Scale Renewable Energy ProjectsOil Shocks Could Accelerate EV Adoption, WoodMac SaysU.S. Backs X-Energy Reactor With Up to $2.15 BillionOil Prices Head for 4% Weekly Gain as U.S.-Iran Deadlock Drags OnRussia Captures Record Share of India’s Oil MarketNeogenyx to break ground on Nebraska RNG facilityUS to Soon Unveil Unprecedented Sanctions on IranArgentina LNG applies to Rigi investment scheme for $51bn LNG projectTerraPower expands cooperation with Korean partnersNuclea Energy to acquire Moltex Energy technology portfolioConstruction starts at Saskatchewan uranium mineDecommissioning Spending in UK North Sea Hits Record HighRomania Shuts Down Last Nuclear Reactor As Danube Hits 90-Year LowUkraine Strikes Gazprom’s 200,000-Bpd Salavat Refinery in the UralsGlobal Refining System Has Little Spare Room LeftChinese foundries record triple–digit quarterly growthIndia Drives a Global Surge in New Coal Mine PlansNew Zealand Approves New Oil and Gas Production as Energy Security Concerns GrowHigh Oil Prices Deliver a Windfall for China’s Coal-to-Chemicals IndustryAlaska LNG Pipeline Bill Dies in Legislature, Governor Fires BackIndia Eyes Two New Sites to Expand Strategic Oil ReservesNew opportunities for CO2 in food and beverage decarbonisationHow CO2 could help reduce water use in data centresBlack Moon Energy and TAE explore helium-3 fuel in nuclear powerAnalysis: Should industrial gas adopt auto-style supply chain safety nets?Green Energy Stocks Trade Mixed As Market Volatility Weighs On Renewable Sector (13 August 2026)United Solar Welcomes U.S. Section 232 Measures on PolysiliconSaudi Arabia Completes $8.5 Billion Green Hydrogen Plant In NEOMTrump Puts 81 Million Gulf Acres Up for Oil and Gas AuctionUkraine Halts Oil Tanker Attacks on JD Vance RequestPutin Opens New Front in Shadow Fleet Fight With Threat to Seize EU ShipsOil Prices Fall as OPEC and IEA Slash 2026 Demand OutlooksSouth Korean Fleet Reshuffle Creates Asia’s Largest LNG Carrier OperatorSungrow Ranked No. 1 in Global BESS Integrator and Solar Inverter Rankings by Wood MackenzieSolar & Storage Expo Chhattisgarh 2026 Concludes on a High Note in Raipur, Bringing Together 3,500+ Industry ProfessionalsUcaneo CEO outlines next steps after opening Germany’s largest DAC facilityUcaneo CEO outlines next steps after opening Germany’s largest DAC facilityU.S. Crude Inventories Rise by Most in 3.5 Years as Exports SlumpBofA to Plow $250 Billion Into Critical Infrastructure ProjectsTop US Refiners See Profits Soar, Step Up Investor RewardsShift CCUS funding onto producers recommends IPPRShift CCUS funding onto producers recommends IPPRSK Shipping to become Asia’s largest LNG carrier under K-LNG rebrandIran Boosts Military Posturing as Talks Hit DeadlockCNNC to procure contract for high-temperature reactorRomanian plant taken offline as Hungary moves to keep Paks operatingUS poll finds support for deep geologic disposalVirginia Data Center Boom Pushes Dominion Deeper Into Costly Power MarketUS to Offer 81 Million Acres in Gulf of Mexico Oil and Gas Lease SaleTrump Says US Has ‘Total Control’ Over Strait of HormuzUS Crude Stocks See Largest Weekly Rise in 3.5 Years, EIA SaysUS Gulf of Mexico Oil and Gas Lease Sale Attracts $82.7 Million in High BidsIEA: Global Oil Deficit To Hit 1.8 Million Bpd This QuarterIndian Refiners Seek 6 Million Barrels of Spot CrudeNorway $2.3 Trillion Wealth Fund Posts Record-High Profit in H1USA Oil, Gas Workforce Hits Lowest Level in YearsCaptured CO2 used to develop recyclable plasticsUS Crude Oil Inventories See Surprise Build: APIRussia Imports Indian Fuel as Refinery Crisis DeepensDrone Attack Hits Power Plant at Key Libyan Oil Hub
Mon. Aug 17th, 2026

GE Vernova’s Wind Setbacks Overshadow Strong Showing From Power, Electrification Units

By and

The logo of General Electric is seen at its plant in Baden, Switzerland November 15, 2017. REUTERS/Arnd Wiegmann

Jan 28 (Reuters) – GE Vernova (GEV.N) said on Wednesday that its wind power unit might take about $250 million revenue hit this year due to installation delays at an offshore Massachusetts project and that it was expecting a drop in order backlog.

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The company said the failure to install 11 turbines at the Vineyard Wind project could lead to a low double-digit drop in revenue and account for about $400 million in losses. The project will have 62 turbines in total.

Despite the outlook for lower backlog, GE Vernova still expects margins in the wind unit to remain stable in 2026.

The wind-related update overshadowed an otherwise strong finish to 2025. The company’s shares were marginally up at $696.95 in choppy early trading.

GE Vernova said tariffs that took effect in the second quarter of last year also hit results by roughly $70 million, adding to pressure on the wind business during the quarter.

In contrast, demand remained strong in its power and electrification units, which continue to benefit from rising electricity consumption, driven by data centres, artificial intelligence and broader electrification.

CEO Scott Strazik said on a conference call that the company had signed more than $2 billion of electrification orders directly tied to data centers in 2025 and expected significant backlog growth in both the power and electrification businesses in 2026.

Orders in the latest quarter rose 65% organically to $22.2 billion, with gas power equipment backlog and slot reservation agreements expanding to 83 gigawatts (GW) from 62 GW previously.

Strazik added GE Vernova was entering 2026 with “significant momentum,” citing improving margins and strong demand across its power platform.

The company expects 2026 revenue between $44 billion and $45 billion, higher than the average analyst estimate of $41.97 billion, according to data compiled by LSEG data.

Reporting by Vallari Srivastava and Sumit Saha in Bengaluru; Editing by Anil D’Silva

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