U.S. Gulf Coast refiners are facing a tightening supply of heavy crude oil as Chevron’s operational role in Venezuela diminishes, a development driven by U.S. sanctions and geopolitical shifts. With Venezuelan crude exports to the U.S. declining, refiners are scrambling to secure alternative sources to meet their blending needs. This article explores the U.S.’s heavy […]
Continue ReadingDaily Standup Top Stories How big is the Alaska LNG Project? Glenfarne says more than 50 firms interested in Alaska LNG project June 4, 2025 Mariel Alumit The Alaska LNG Project: A Mega-Project for Energy Security and Economic Growth The Alaska LNG Project is a proposed liquefied natural gas (LNG) export initiative aimed at tapping into […]
Continue ReadingAs global energy markets navigate a complex landscape of geopolitical pressures, demand fluctuations, and supply dynamics, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) remain pivotal in shaping oil prices and supply. In 2025, OPEC+ is set to gradually unwind voluntary production cuts of 2.2 million barrels per day (b/d), with a […]
Continue ReadingThe oil and gas industry is no stranger to volatility, and 2025 is shaping up to be another wild ride. A recent headline grabbed the attention of investors and analysts alike: Banks Cut 2025 Oil Price Forecast Below $60, Survey Shows. According to a survey by law firm Haynes Boone LLP, 28 banks have slashed […]
Continue ReadingCalifornia, once a powerhouse of diverse and reliable energy production, is facing what many analysts call a self-inflicted energy crisis. Under Governor Gavin Newsom’s leadership since 2019, the state’s energy policies have accelerated the decline of its oil and gas industry, pushed for the closure of nuclear power, phased out coal, and driven electricity costs […]
Continue ReadingDaily Standup Top Stories UK North Sea Oil and Gas: Jobs at Risk, Costs Skyrocketing, and the Anti-Fossil Fuel Push June 3, 2025 Stu Turley The UK’s North Sea has long been a powerhouse for oil and gas production, fueling the nation’s economy, supporting high-skilled jobs, and bolstering energy security. But with anti-fossil fuel regulations tightening […]
Continue ReadingI have several guests lined up on the Energy News Beat podcast to talk about the Texas Legislative session. We will cover the good, the bad, and the homely. If you have article requests or questions, we have opened the Substack Chat channel for paid subscribers, and we are already getting suggestions on articles and […]
Continue Reading
In a blockbuster move shaking up the oil and gas sector, Viper Energy, Inc. (NASDAQ: VNOM), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG), has announced its acquisition of Sitio Royalties Corp. (NYSE: STR) in an all-equity transaction valued at approximately $4.1 billion, including $1.1 billion in net debt. This strategic merger, centered in the […]
Continue ReadingDaily Standup Top Stories Russia-Ukraine Talks Stall: Will Congress Ramp Up Sanctions Pressure on Moscow? June 2, 2025 Clark Savage It has been clear for well over 6 months that President Trump does not have the information he needs to end the war in Ukraine, and we are watching peace slip through his fingers, which […] Trump […]
Continue ReadingSaudi Arabia, the world’s oil titan, is leveraging its vast petroleum wealth to fuel an ambitious pivot toward artificial intelligence (AI) and technological innovation. As part of its Vision 2030 initiative, the Kingdom aims to diversify its economy, reduce oil dependency, and position itself as a global AI powerhouse. This transformation hinges on massive investments […]
Continue Reading