In a significant move amid ongoing geopolitical tensions and U.S. sanctions, private Chinese company China Concord Resources Corp (CCRC), operating under the name Concord Resources, has committed to a $1 billion investment in Venezuela\’s oil sector. This initiative aims to revitalize two underutilized oil fields, potentially boosting Venezuela\’s crude production at a time when the […]
Continue ReadingIn a bold move to revitalize American energy production, the Trump administration has unveiled a sweeping offshore oil and gas leasing schedule through the Department of the Interior (DOI). Announced on August 19, 2025, this initiative marks a stark reversal from the restrictive policies of the previous Biden administration, aiming to unleash domestic resources and […]
Continue ReadingIn a significant boost to Europe\’s energy landscape, Norway\’s oil production has surged to a 10-year high, largely driven by the ramp-up of Equinor\’s Johan Castberg field in the Barents Sea. As of July 2025, the country\’s crude oil output climbed 17% from the previous month to 1.96 million barrels per day (bpd), exceeding official […]
Continue ReadingThis was a crazy week on the news desk. Check out the Energy News Beat Substack on the Alaskan Summit we put out this morning. Trump to Hold Off Hiking China Tariffs Over Russia Oil Purchases – Straight to Peace Treaty The crazy part about Germany\’s Net Zero plans is that the UK, the EU, and […]
Continue ReadingI have always loved the Monty Python skits, and my favorite is Monty Python and the Holly Grail. The line \”I\’m not dead yet\” is still applicable to the United States shale and dare say \”Peak Oil Demand\”. There is a huge question of how much technology and U.S. grit can overcome the lower rig […]
Continue ReadingIn a significant blow to the UK\’s domestic energy production, French energy giant TotalEnergies has secured a High Court victory allowing it to decommission the Gryphon floating production, storage, and offloading (FPSO) vessel in the North Sea. The ruling, handed down on August 12, 2025, paves the way for the shutdown of a key hub […]
Continue ReadingIn a significant boost to its energy sector, Trinidad and Tobago has awarded a massive deepwater exploration area to ExxonMobil, marking the oil giant\’s return to the twin-island nation after a two-decade hiatus. The deal, equivalent to seven deepwater blocks, could attract up to $21.7 billion in investments if commercially viable reserves are discovered, according […]
Continue ReadingNorway, Europe\’s leading natural gas supplier, is gearing up for its most significant oil and gas licensing round in years, signaling a renewed push to bolster exploration and production amid ongoing global energy demands. The Norwegian government has announced preparations for the 26th licensing round, focusing on frontier areas unexplored since 2021, with invitations for […]
Continue ReadingDaily Standup Top Stories Germany’s Net Zero Plans Include Taxing the Sun and Closing Stable Power Plants August 10, 2025 Clark Savage In a bizarre twist of environmental policy, Germany’s push toward Net Zero emissions has evolved into what critics are calling a “tax on the sun.” This comes amid the country’s aggressive shutdown of reliable […]
Continue ReadingIn a bold yet controversial move, the UK government under Prime Minister Keir Starmer is intensifying its commitment to Net Zero emissions by clamping down on North Sea oil production. Through a combination of elevated taxes, stringent environmental regulations, and a deliberate shift toward wind and solar energy, the administration aims to accelerate the transition […]
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