In a clear signal of renewed optimism for the upstream sector, Baker Hughes CEO Lorenzo Simonelli stated that investment in oil and gas production is set to rise. Disruptions from the Iran war are spurring a global push for energy security, according to the head of one of the world’s largest oilfield service providers. Simonelli, […]
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In a notable development for global energy markets, a group of U.S. oil executives traveled to Caracas last week for direct talks with Venezuela’s acting President Delcy Rodríguez. The meeting, reported by Bloomberg, occurred as the Trump administration continues its aggressive push to revive Venezuela’s long-dormant oil sector following the January 2026 ouster of former […]
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Illinois Governor JB Pritzker’s policies are giving the moving industry a major boost—especially U-Haul. While Texas surges as the top destination for people and businesses, Illinois continues to bleed residents, jobs, and tax revenue. A recent Wall Street Journal opinion piece highlights how high taxes, heavy regulation, and aggressive climate mandates like the Climate and […]
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The global energy markets are in flux as of mid-April 2026, shaped by severe disruptions from the ongoing Middle East conflict (centered on Iran and the Strait of Hormuz). This has curtailed roughly 7–10 mb/d of crude, NGLs, and refined product exports in March–April, triggering sharp price spikes and inventory draws. Brent crude averaged $103/bbl […]
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In a significant move signaling renewed foreign investment in Venezuela’s oil sector, Chevron has executed a strategic asset swap with Petróleos de Venezuela S.A. (PDVSA) and its subsidiaries. Announced on April 13, 2026, and signed in Caracas in the presence of interim President Delcy Rodríguez, the deal allows Chevron to sharpen its focus on high-value […]
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ENB Pub Note: This article was first published on the California Globe, and I will be interviewing Mike Ariza tomorrow with Professor Mische and David Blackmon on this crisis. California’s Oil and Gas Crisis: From Military Threat to Mass Starvation Since 2023, California’s policies have resulted in a loss of 700,000 barrels per day, or […]
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Energy investors are finally getting their moment in the sun — and it’s not even close. While the broader S&P 500 is down 4.6% year-to-date in 2026, the S&P 500 Energy Sector has exploded higher by 36.5%, posting its widest outperformance margin on record. The sector just notched a 14-week winning streak — smashing the […]
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California didn’t just inherit sky-high fuel prices — state leaders engineered them through decades of policy choices that have now collided with a global energy shock. While the national average for regular gasoline hovers around $4.00–$4.06 per gallon (up sharply from ~$2.98 a month ago), Californians are paying $5.71–$5.89 for regular gas and a record […]
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A powerful Tropical Cyclone Narelle has forced Chevron to shut down production at its Wheatstone LNG facility in Western Australia, adding fresh pressure to an already strained global liquefied natural gas (LNG) market. The outage, which began on March 26-27, 2026, stems from storm damage to the offshore platform and onshore processing plant near Onslow. […]
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Is California on the precipice of social and economic collapse? ENB Pub Note: This article is from the California Globe by Katy Grimes, and she has appeared on the Energy News Beat several times discussing the California energy crisis caused by Gavin Newsom. David Blackmon, Stu Turley, and Mike Ariza will be recording a podcast […]
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