In a landmark move shaking up the U.S. shale industry, Devon Energy Corporation (NYSE: DVN) and Coterra Energy Inc. (NYSE: CTRA) have announced an all-stock merger valued at approximately $58 billion in combined enterprise value. The deal, unveiled on February 2, 2026, aims to forge a premier shale operator with enhanced scale, diversified assets, and […]
Continue ReadingIn 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 […]
Continue ReadingIn a stark illustration of the petrochemical industry\’s deepening woes, ExxonMobil is set to permanently shutter one of its two steam crackers at its sprawling Jurong Island complex in Singapore. The decision, first reported by Reuters and echoed across global energy outlets, marks a pivotal moment for the U.S. energy giant and underscores the seismic […]
Continue ReadingIn a significant development for the global energy sector, U.S. oil giant ExxonMobil has expressed interest in acquiring Russian firm Lukoil\’s majority stake in one of Iraq\’s premier oilfields. This move comes amid escalating U.S. sanctions on Russian entities, which have forced Lukoil to declare force majeure and seek an exit from its Iraqi operations. […]
Continue ReadingHappy Thanksgiving, and we have a wild Energy News Beat Stand Up for You! Michael and I are very grateful to all the listeners, readers, and patrons of the Energy News Beat Channel and Substack, and to the guests who have to suffer through my horrible jokes. Take a moment today, take a deep breath, […]
Continue ReadingDaily Standup Top Stories Now that Bill Gates has said that Climate Change is not our biggest existential threat to Humanity, how much money has he cost the global markets? Charles Payne from Fox on Gutfield hits it out of the park. Stu Turley Emerging Cybersecurity Threats: Chinese Manufacturers’ Control Over Electric Buses, Power Grids, […]
Continue ReadingIn the global energy landscape, the narrative of a swift “transition” away from fossil fuels to renewables has dominated headlines. However, a closer examination of demand trends, investment patterns, and infrastructure realities reveals a different story: we are in an era of energy addition. Renewables like wind and solar are expanding rapidly, but oil, natural […]
Continue ReadingIn a market grappling with tumbling crude prices and an oversupply of oil, major oil companies are aligning with OPEC\’s strategy by ramping up production. This week’s earnings reports from industry heavyweights like ExxonMobil, Chevron, Shell, BP, and TotalEnergies are expected to confirm these expansion plans, signaling a push forward despite short-term headwinds. As Brent […]
Continue ReadingDaily Standup Top Stories The Current State of Critical Minerals in the US Market October 12, 2025 Clark Savage In an era defined by the push toward clean energy, electrification, and advanced technologies, critical minerals have emerged as the backbone of modern manufacturing and national security. These essential resources—ranging from lithium for batteries to […] China and […]
Continue ReadingWeekly Daily Standup Top Stories Update on the Chevron Refinery in California – A national security disaster just got worse as a possible drone strike October 4, 2025 Clark Savage The Chevron El Segundo Refinery, located just outside Los Angeles, experienced a significant fire on October 2, 2025, drawing widespread attention due to its role in […]
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