Devon Energy (NYSE: DVN) has secured a major expansion of its premier position in the Delaware Basin, acquiring 16,300 net undeveloped acres in the core of the play in Lea and Eddy Counties, New Mexico, for approximately $2.6 billion through a Bureau of Land Management (BLM) oil and gas lease sale. The deal, announced on […]
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NVIDIA (NASDAQ: NVDA) delivered another blockbuster quarter, reporting record revenue of $81.6 billion for its first quarter of fiscal 2027 (ended April 26, 2026). This represents a robust ~20% sequential increase from Q4 FY2026’s $68.1 billion and an impressive ~85% year-over-year jump. The results significantly beat Wall Street expectations (consensus around $79–79.2 billion) and underscore […]
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Wall Street has a blind spot the size of a supertanker — and it’s called the energy sector. In a recent wide-ranging interview on Kitco News, veteran investor Ted Oakley, founder and managing partner of Oxbow Advisors, sat down with anchor Jeremy Szafron and delivered a blunt assessment: Wall Street is completely mispricing energy. Oakley […]
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As the conflict between Iran and the U.S.-led coalition intensifies, Tehran is signaling a dangerous new front: the world’s undersea fiber-optic cables. Iranian state-linked media has explicitly warned that the concentration of critical data cables in the Strait of Hormuz creates a “vulnerable point” for the region’s digital economy — and by extension, the global […]
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Energy News Beat Channel | May 19, 2026 The UK government has taken a pragmatic step that highlights the tension between sanctions policy and energy reality. On May 19, 2026, it published a general trade license (effective May 20) authorizing imports of diesel and jet fuel refined in third countries from Russian-origin crude. This is […]
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Williams Companies CEO Chad Zamarin delivered a stark assessment today: U.S. natural gas demand over the next 10 years is expected to grow more than it did during the past 15 years, driven primarily by the explosive power needs of artificial intelligence data centers. Speaking in a Bloomberg interview tied to the fresh reporting, Zamarin […]
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At GE Vernova’s annual shareholder meeting this week, activist investors are pressing the company for greater financial accountability on its wind power business and broader sustainability commitments. The push comes as the company’s Wind segment continues to post significant losses amid softening orders, project challenges, and shifting U.S. policy on subsidies—issues that extend beyond GE […]
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The Trump administration is preparing to issue a new sanctions waiver allowing buyers to purchase Russian crude oil and petroleum products already loaded onto tankers, according to people familiar with the matter cited by Bloomberg. The move follows the quiet lapse of the previous general license on May 16 and comes as the US-Israel conflict […]
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Electricity bills are rising across much of the United States, sparking heated debate. With AI fueling explosive data center growth, many point to hyperscale facilities as the culprit behind higher rates. But a new independent analysis from Energy + Environmental Economics (E3), released May 18, 2026, alongside corroborating work from Lawrence Berkeley National Laboratory (LBNL), […]
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The AI gold rush is in full swing. Hyperscalers like Microsoft, Amazon, Google, and Meta are pouring hundreds of billions into data centers, chips, and infrastructure to power the next wave of artificial intelligence. NVIDIA just posted record revenues driven almost entirely by AI demand. Yet one question looms large for investors and energy markets […]
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