Lars Schernikau, Author and prior guest on the Energy News Beat nails it. Europe’s electricity grid may be the most complex machine humanity has ever built. Yet energy debates too often reduce the conversation to installed capacity, solar additions, or wind megawatts. This narrow focus misses the real engineering and economic reality. Europe’s electricity grid […]
Continue Reading
A major shift is underway in global energy geopolitics. According to reports, ExxonMobil is close to finalizing contracts to produce oil in up to six fields across multiple regions in Venezuela, and may announce them as soon as this month. This comes just four months after Exxon CEO Darren Woods described Venezuela as “uninvestable” under […]
Continue Reading
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 […]
Continue Reading
As artificial intelligence drives explosive demand for reliable, always-on electricity, data center operators are scrambling for carbon-free power that doesn’t require sprawling new transmission lines or prime farmland. One unlikely hero is emerging from America’s oil patch: hundreds of thousands — potentially millions — of abandoned oil and gas wells that can be repurposed for […]
Continue Reading
The U.S. Army Corps of Engineers has issued a Record of Decision finalizing the easement for the Dakota Access Pipeline (DAPL) to cross under Lake Oahe on the Missouri River in North Dakota. The move ends a years-long environmental review and legal battle, securing the long-term operation of the critical crude oil conduit nearly a […]
Continue Reading
In a significant escalation of its maritime posture, Iran has formally established a “controlled maritime zone” in the Strait of Hormuz through its newly created Persian Gulf Strait Authority (PGSA). The authority—widely understood to operate under the Islamic Revolutionary Guard Corps (IRGC)—has published an official map and set up a social media presence to assert […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
The United States has stepped into an extraordinary role amid the 2026 Iran conflict and disruptions in the Strait of Hormuz: the world’s primary swing supplier of crude oil and refined products. Record exports are helping offset massive global supply shortfalls, but this “filling station” status comes with clear limits—depleting strategic reserves, tightening domestic inventories, […]
Continue Reading
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 […]
Continue Reading