ENB Pub Note: This article was originally published on the California Globe and has some outstanding points that Michael Tanner and Stu Turley have been covering on the Energy News Beat Podcast for years. We have been asking whether Gavin has gone too far and how the economy will recover when all the oil companies […]
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 ReadingIn the high-stakes world of energy production, a bold Texas oil executive is squaring off against California\’s entrenched environmental policies in a bid to tap into a lucrative offshore oil reserve. James Flores, the Houston-based CEO of Sable Offshore, is pushing to revive dormant oil platforms off the Santa Barbara coast—assets acquired from Exxon Mobil […]
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 ReadingIn a stark warning that echoes growing concerns across the global energy sector, Russia\’s top OPEC+ negotiator, Alexander Novak, has highlighted the imminent risk of an oil shortage driven by chronic underinvestment. Speaking recently, Novak emphasized that traditional accessible reserves are depleting rapidly, while hard-to-recover reserves demand significantly higher costs. \”We are now seeing traditional […]
Continue ReadingThe State of California sent a large delegation to the Conference of the Parties (COP) in Belém, Brazil, including California Governor Gavin Newsom and top officials from the California Natural Resources Agency, Department of Food and Agriculture, Air Resources Board, Public Utilities Commission, and Governor’s Office of Tribal Affairs. Interestingly, the leaders of the world’s […]
Continue ReadingThis is an important story that is evolving as we speak. Stu Turley wrote about this a year ago, and it is now evolving into a mix of how the global finance market is morphing into gold-backed securities rather than a security based upon nuclear military might. This is a huge change, and when you […]
Continue ReadingIn a striking reversal that underscores the enduring grip of fossil fuels on the global economy, the International Energy Agency (IEA) has updated its forecast, now projecting that oil demand will continue to climb until at least 2050. Under its Current Policies Scenario (CPS), the IEA anticipates global oil consumption reaching 113 million barrels per […]
Continue ReadingWeekly Daily Standup Top Stories Mike Wirth, Chevron CEO, Believes in the Future of Oil, Gas, and Chevron November 15, 2025 Clark Savage In a landscape where energy markets are grappling with uncertainties around oversupply and the push toward renewables, Chevron CEO Mike Wirth stands firm in his optimism for the oil and gas sector. Speaking […]
Continue ReadingSaudi Aramco, the world\’s largest oil exporter, has announced a series of 17 memoranda of understanding (MoUs) and agreements with U.S. companies, potentially valued at more than $30 billion. These deals build on earlier announcements in May 2025, bringing the total collaboration pipeline with U.S. firms to approximately $120 billion this year. This move underscores […]
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