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Wind Turbine Collapses in Unknown Circumstances in Oklahoma

A wind turbine at the Frontier II wind farm in Oklahoma has collapsed under mysterious conditions, occurring on a calm day without strong winds. The farm, which has been operational since 2021, consists of 74 turbines, and the incident has prompted Nordex, the manufacturer, to launch an investigation into the causes of the collapse. Fortunately, no injuries were reported, and the site remains secure and fully operational, according to the farm operator.

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Oklo Inc. (OKLO) Crashed on Thursday Δ1.67

Oklo Inc.'s share price plummeted by 14.26 percent on Thursday, leaving it 7th on our list of the day's biggest losers. The company's decline was largely attributed to concerns over uranium imports and tariffs imposed on Canadian suppliers. Despite analysts' bullish views on Oklo's prospects due to the growing Artificial Intelligence industry and government support for the energy sector.

BP and Mauritania Say Leak Detected at Gas Project Off West Africa Δ1.66

A gas leak has been detected at a well of the BP-operated Greater Tortue Ahmeyim gas project offshore Senegal and Mauritania, with environmental concerns being closely monitored by both BP and Mauritania's environment ministry. The incident is expected to have negligible environmental impact, but it may raise questions about the safety and reliability of the facility. An investigation into the leak has been initiated, with a plan in place to stop the bubbles and repair the damage.

Thousands of Australians Without Power as Storm Alfred Lashes Queensland Δ1.66

A significant storm system, downgraded from a tropical cyclone, has left over 316,000 residents in Queensland without power due to damaging winds and heavy rainfall, particularly affecting the Gold Coast. Prime Minister Anthony Albanese has warned of serious conditions, including flash flooding and strong winds, while the Bureau of Meteorology predicts ongoing adverse weather patterns. As recovery efforts begin, the state is assessing the impact on schools and infrastructure, highlighting the community's resilience amidst the challenges.

Fyre Festival 2 Raises Eyebrows in Mexico Δ1.66

The return of Fyre Festival is raising eyebrows, with local officials expressing skepticism about the event's authenticity. Billy McFarland's plan for a sequel has been met with resistance from authorities, who claim to have received no requests for permits or information about the festival. Despite these challenges, McFarland remains confident that this time will be different.

Avalanche Hits Indian Mountain State Trapping 41 Δ1.65

At least 41 people remain trapped under snow after an avalanche struck the Indian Himalayan mountain state of Uttarakhand, authorities said on Friday, following recent heavy snowfall in the region. The avalanche occurred near a highway in the state's Chamoli region, adjoining Tibet, and less than 5 km from the Hindu temple of Badrinath. At least sixteen workers had so far been rescued, but the search for the remaining three was ongoing due to rain and snowfall hindering rescue work.

X Platform Outage Appears to Ease, Downdetector Shows Δ1.65

An outage on Elon Musk's social media platform X appeared to ease after thousands of users in the U.S. and the UK reported glitches on Monday, according to outage-tracking website Downdetector.com. The number of reports in the U.S. dropped to 403 as of 6:24 a.m. ET from more than 21,000 incidents earlier, user-submitted data on Downdetector showed. Reports in the UK also decreased significantly, with around 200 incidents reported compared to 10,800 earlier.

Starship Program Hits Another Speed Bump with Second Consecutive Failure Δ1.65

The Starship program has encountered its second consecutive failure, with a recent test flight ending in a controlled crash after experiencing engine shutdowns and loss of communication. Engineers had made changes to the vehicle's systems prior to the flight, but these modifications did not seem to address the underlying issues that led to the first failure on January 16. The cause of the second failure remains unclear, with SpaceX attributing it to an "energetic event" in the aft portion of the Starship.

Us Drillers Add Oil and Gas Rigs for Fifth Week in a Row Δ1.65

U.S. energy firms have added oil and natural gas rigs for the fifth consecutive week, according to Baker Hughes, marking the first time since May 2022 that this has occurred. This increase is largely driven by higher oil prices, which are encouraging companies to boost production. However, despite the recent surge in rig counts, total oil and gas rigs remain down 36 from last year.

Oil Settles Down More Than 2% After US Crude Stocks Build, OPEC+ Hike, US Tariffs Δ1.65

Oil prices have declined for a fourth consecutive session as U.S. crude stockpiles reported a larger-than-expected increase, exacerbating investor concerns regarding OPEC+ output plans and U.S. tariffs on Canada and China. Brent crude futures fell to their lowest level since December 2021, while West Texas Intermediate crude reached its lowest since May 2023, reflecting broader market anxieties about economic growth and energy demand. The situation is compounded by geopolitical tensions and OPEC+'s decision to gradually increase output, raising uncertainty about future price stability.

Technical Issues Blamed for Ufa Refinery Fire Δ1.65

A fire that burned for hours overnight at the Ufimsky oil refinery in Russia's city of Ufa was sparked by technical issues, authorities said. The Bashneft-owned refinery has capacity of 168,000 barrels per day and is a major source of oil supply for surrounding regions. The fire was finally put out with the help of about 100 firefighters.

Kirishi Refinery Hit by Debris in Ukrainian Drone Attack Δ1.64

The Kirishi oil refinery, one of Russia's top two refineries, suffered damage to a tank due to falling debris during a major Ukrainian drone attack, according to Governor Alexander Drozdenko. The refinery, which produces 2.3 million tons of gasoline and other petroleum products, has been hit by over 31 Ukrainian drones in recent days. No one was injured in the incident.

Musk's SpaceX Starship Explosion Disrupts 240 Flights Δ1.64

The U.S. FAA reported that a recent explosion of a SpaceX Starship spacecraft disrupted approximately 240 flights, with space debris concerns requiring more than two dozen planes to divert. The incident resulted in significant delays and diversion of aircraft, highlighting the risks associated with space exploration. The FAA issued ground stops for four Florida airports and required SpaceX to perform a mishap investigation into the loss of the Starship vehicle.

Oil Settles Down More Than 2% After US Crude Stocks Build, OPEC+ Hike, US Tariffs Δ1.64

Oil prices have experienced a decline for the fourth consecutive session, influenced by a larger-than-expected build in U.S. crude stockpiles and concerns over OPEC+'s decision to increase output. Brent crude settled at $69.30 per barrel, while U.S. West Texas Intermediate dropped to $66.31, both touching multi-year lows earlier in the session. The combined impact of rising inventories and U.S. tariffs on Canada, China, and Mexico has heightened fears of a slowdown in energy demand.

Drone Strikes Apartment Building in Ukraine's Kharkiv, Injures Seven, Mayor Says Δ1.64

A Russian drone struck a multi-storey apartment building late on Sunday in Ukraine's second largest city, Kharkiv, triggering a fire and injuring eight people, the city's mayor said. The incident is the latest in a series of air attacks on residential areas in Kharkiv, which has resisted capture since the start of Russia's invasion of Ukraine in February 2022. The attack on the apartment building damaged three other nearby buildings and shattered over 100 windows.

Germany Not in Talks Over Nord Stream 2 Gas Pipeline Revival. Δ1.64

Germany has reaffirmed its commitment to energy independence from Russia and is not engaged in discussions regarding the revival of the Nord Stream 2 gas pipeline, which remains partially damaged. The German Economy Ministry emphasized the strategic importance of diversifying energy sources, particularly after the upheavals caused by the Ukraine conflict, with Norway now serving as the primary gas supplier. Estonia and other Baltic nations have echoed this sentiment, advocating for a definitive end to reliance on Russian energy infrastructure.

Sunnova’s 71% Stock Plunge Heralds US Solar State of ‘Chaos’. Δ1.64

Sunnova Energy International Inc. experienced a dramatic 71% decline in its stock value amid warnings about its potential inability to continue operations, reflecting mounting pressures on the U.S. solar industry. This downturn follows similar concerns from other major solar players, such as First Solar and Sunrun, who are grappling with customer delays and stagnant installation volumes. The current landscape is characterized by uncertainty, driven by high interest rates, reduced state incentives, and policy shifts under the Trump administration that threaten the future of solar energy investments.

Finland to Release Oil Tanker Suspected of Power Cable Breach Δ1.63

Finland will release an oil tanker suspected of breaking a Baltic Sea power cable and four internet lines late last year, and will escort the vessel to international waters even as the investigation continues. The Cook Islands-registered Eagle S was boarded by Finland's coast guard on December 26 and has been held in custody while authorities probed the case, which remains under investigation on suspicion of sabotage. Three crew members remain subject to a travel ban and are not allowed to leave Finland.

Sunnova Stock Hits All-Time Low on 'Going Concern' Warning Δ1.63

Sunnova Energy International has announced that it may not be able to continue as a "going concern" in a year due to financial difficulties, which have led to its shares losing nearly two-thirds of their value. The solar power company's declining demand for alternative energy products has resulted in a 13% decrease in solar energy system and product sales revenue for fiscal 2024. Sunnova has taken steps to address its financial condition, including mandating domestic content for dealers and raising prices.

Cyclone Alfred Stalls Off Australia's East as Millions Brace for Impact Δ1.63

Cyclone Alfred stalled off Australia's east coast on Thursday, with officials shutting down airports, schools, and public transport while residents stockpiled supplies and sandbagged homes against flooding expected when the category-two storm hits. The Bureau of Meteorology revised its landfall forecast to Saturday morning near Brisbane, Australia's third-most populous city, bringing heavy rain, flooding, and damaging wind across the border regions of Queensland and New South Wales. Residents are bracing for a prolonged period of heavy rainfall and life-threatening flash flooding in northern New South Wales.

Data, Waves and Wind to Be Counted in the Economy Δ1.63

Wind and wave power will be incorporated into national economic assessments for the first time, according to new changes approved by the United Nations. This update aims to reflect the growing importance of renewable resources and data as economic assets, which could potentially inflate the estimated size of economies like the UK's by 2-3% by 2030. While the changes are described as “tweaks” rather than a major overhaul, they may lead to increased government spending commitments based on a larger perceived economic base.

Wells Fargo Drops Targets Slammed by Us Energy Secretary Wright Δ1.63

Wells Fargo & Co. has abandoned its goal to achieve net zero by 2050 for financed emissions, citing the need for a more realistic timeline due to factors outside of its control. The bank's decision comes as climate policies have become increasingly politicized under the Trump administration, and experts warn that this shift may inject more risk into the finance industry. By abandoning its ambitious target, Wells Fargo is signaling that it cannot deliver on its own emissions reduction goals if the economy it serves is not on a similar trajectory.

Fedex Plane Engine Fire, Emergency Landing to Be Investigated by Faa and Ntsb Δ1.63

The Federal Aviation Administration and National Transportation Safety Board are investigating an emergency landing of a FedEx Boeing 767 cargo plane that caught fire after striking a bird while departing Newark Airport, New Jersey. The plane, Flight 3609, made a safe landing nine minutes later with one engine on fire. The incident highlights the risks associated with bird strikes, which can have serious consequences for aircraft safety.

Cyclone Looms as Aussie Staple Disappears From Shop Shelves Δ1.63

Panic buying has struck supermarkets across South East Queensland amid forecasts of Tropical Cyclone Alfred crossing the east coast, leaving shelves bare of essential items like bottled water, eggs, milk, and bread. Supermarkets are struggling to keep up with demand for these staples, leading some customers to resort to panic buying in preparation for possible supply outages ahead of the category 1 system intensifying off the coast. As the cyclone approaches, residents are being urged to prepare for intense rainfall and damaging winds.

Cyclone Garance Strikes La Reunion, Claims Four Lives Δ1.63

At least four people died after cyclone Garance struck the French overseas territory of La Reunion on Friday, bringing wind speeds of up to 155 kph (96 mph), local authorities said on Saturday. The cyclone made landfall in the north of the Indian Ocean island, causing widespread damage and disrupting essential services such as electricity and water supply. The situation remains precarious, with thousands of residents being sheltered in centres and many more affected by the storm.

Canada's Oil Industry in Peril Under Trump's Tariffs Threat Δ1.63

Canada's oilfield drilling and services sector is already showing signs of slowing due to U.S. President Donald Trump's threatened tariffs, triggering fears that an expected industry rebound could stall if such levies go forward. The Canadian drilling sector collapsed between 2014 and 2020 due to sustained low oil prices and reduced production during the COVID-19 pandemic. Activity has improved since 2020, but Trump's threat to impose a 10% tariff on the 4 million barrels per day (bpd) of Canadian crude imported into the U.S. could upend that, industry representatives said.