Big Oil Companies Archives - Energy News Beat

Alaska to Get $54 Billion Korean LNG Investment: The Long-Stalled Project, Who’s Involved, and Why It Matters for Midterms, Energy Security, and the Entire United States

September 30, 2026September 30, 2026 Clark Savage108

President Donald Trump is set to unveil a major South Korean investment package that includes roughly $54 billion directed at Alaska’s long-planned liquefied natural gas (LNG) project, according to White House officials and multiple reports. The announcement, expected in the Oval Office, is the first major tranche from South Korea’s broader $200 billion in U.S. […]

ExxonMobil and SOCAR have moved from study agreements to a 50/50 production-sharing contract for unconventional oil and gas in Azerbaijan’s Middle Kura Basin.

September 27, 2026 Clark Savage438

The deal, exchanged on September 26, 2026, at the Second Azerbaijan International Investment Forum in the presence of President Ilham Aliyev, makes ExxonMobil the operator and still needs parliamentary ratification. It is the first time a U.S. supermajor has taken operatorship of an onshore unconventional program in Azerbaijan. The country has spent three decades built […]

US Rig Count UP as We Compare Baker Hughes, Enverus, and WellDatabase

September 26, 2026September 26, 2026 Clark Savage387

Baker Hughes printed the cleanest weekly headline: the U.S. rotary rig count rose 4 to 599 for the week ended September 25, 2026, with oil rigs up 3 to 455 and gas rigs up 1 to 135. That is 50 rigs above the year-ago print of 549. WellDatabase’s September 26 report sits almost on top […]

Aramco CEO Amin Nasser is studying a fourth and fifth crude export route.

September 24, 2026September 24, 2026 Clark Savage458

The remark, given to Nikkei Asia in Tokyo on September 24, is the clearest signal yet that Riyadh no longer treats three outlets as enough insurance against a two-front maritime crisis. Nasser said engineering and feasibility work is already underway. He did not name destinations, capacities, or dates. He did say Aramco can restore interrupted […]

Diesel, AI, and Energy Dominance: Charlie Garcia on the Crisis Nobody Sees Coming

September 23, 2026September 23, 2026 Clark Savage466

Charlie Garcia stops by the Energy News Beat Channel, and he is a RockStar! Welcome back to Energy News Beat Podcast. Today we’re diving deep into a perfect storm that’s reshaping global markets, and most people have no idea it’s coming. We’re talking about the diesel crisis that’s quietly becoming the inflationary tax on everything—from […]

What a standalone gas division actually changes – Saudi Aramco Looking Ahead

September 23, 2026 Clark Savage412

On paper, this looks like an org chart. In practice, it is a financing and accountability decision. Gulf national oil companies have spent the last several years listing or monetizing everything except the core oil barrel. ADNOC listed pieces of gas, drilling, and retail. Aramco already listed SABIC and has raised billions against pipelines and […]

How Will This Week’s China-U.S. Meeting Impact LNG Exports?

September 21, 2026 Clark Savage492

Energy News Beat — President Donald Trump and President Xi Jinping meet in Washington on Thursday, September 24. The agenda is broader than energy. For the U.S. LNG industry, the meeting is still one of the most important political events of the year. China is the world’s largest LNG importer. The United States is the […]

Saudi Arabia Notifies Europe They Will Not Be Getting October Deliveries

September 18, 2026 Clark Savage783

Aramco’s East-West pipeline outage leaves European term buyers with a zero allocation for October. Crude is being rerouted to Asia. Products, not barrels, remain the tighter market. Saudi Aramco has told European term customers they will receive no crude in October under long-term contracts, according to people familiar with the decision cited by Bloomberg and […]

U.S. Fuel Crisis Status, Next Steps and Impact to Consumers

September 18, 2026September 18, 2026 Clark Savage750

The United States is not short of crude oil. It is short of spare refining capacity, spare distillate inventory, and spare time. Diesel is the pressure point. National retail diesel is printing all-time highs near $6.40 a gallon. California is above $8.30. Midwest pump prices are breaking state records after ExxonMobil’s Joliet refinery in Illinois […]

ExxonMobil Joliet Refinery Floods and Stays Offline as Midwest Diesel Hits Records

September 18, 2026September 18, 2026 Clark Savage906

One of the Midwest’s most important diesel and gasoline plants is still dark. ExxonMobil’s Joliet refinery in unincorporated Channahon Township, Illinois — about 40 miles southwest of Chicago — remains offline after a Sunday power outage and a subsequent flood that overwhelmed a pump. ZeroHedge flagged the outage overnight as “one of the largest diesel […]

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