JAPEX Buys U.S.-Owned Verdad Resources Intermediate Holdings for $1.3 Billion

In a strategic move underscoring the importance of global energy diversification, Japan Petroleum Exploration Co. Ltd. (JAPEX) has acquired Verdad Resources Intermediate Holdings LLC (VRIH) for approximately $1.3 billion. This deal highlights a key principle we\’ve long championed at The Energy News Beat Channel: energy security starts at home. But when domestic resources are limited—as […]

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Ukraine Hits Slavyansky Oil Refinery and Rostov Depot in Escalation of Drone Attacks on Russian Energy

In a bold escalation of its campaign against Russia\’s war machine, Ukraine launched overnight drone strikes on key energy infrastructure deep inside Russian territory. The attacks targeted the Slavyansky Oil Refinery in the Krasnodar region and the Nikolaevskaya oil depot in Rostov, disrupting fuel supplies critical to Moscow\’s military operations. Confirmed by Kyiv\’s military intelligence […]

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