Category: Exploration and Production

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

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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. […]

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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.

Clark Savage1083

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 […]

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

Clark Savage1189

In this episode of Energy Newsbeat, host Stu Turley and energy industry expert Rey Trevino tackle the perfect storm facing America’s energy sector. With diesel prices hitting record highs, critical refineries offline, and geopolitical tensions threatening global oil supplies, the hosts dissect nine major energy stories that reveal how decades of regulatory missteps and policy […]

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