Chord Energy has announced a definitive agreement to purchase assets in the Williston Basin from XTO Energy, a subsidiary of ExxonMobil Corporation, for $550m. The acquisition encompasses 48,000 net acres in the Williston Basin, with an 86% operated working interest and an 82% net revenue interest. The assets include 90 net 10,000ft equivalent locations, with […]
The Dow Jones Industrial Average eked out a modest 0.1% increase, while the Nasdaq Composite rose 0.5%, reflecting optimism about lower rates fueling innovation and spending. The U.S. dollar, which had been battered in recent sessions, staged a partial recovery against major currencies, climbing 0.4% against the euro as investors weighed the Fed’s forward guidance […]
Russia’s oil export machine, a cornerstone of its economy amid ongoing sanctions and geopolitical tensions, is showing signs of strain. Weekly crude exports plummeted to an average of 3.18 million barrels per day (bpd) in the seven days ending September 14, 2025—the sharpest weekly drop since July 2024, down by a staggering 934,000 bpd from […]
The U.S. is exploring a $5 billion mining investment fund, which would represent its largest direct involvement in securing critical minerals. This initiative aims to address concerns about mineral supply chains, given China’s dominance in processing and expanding abroad. Shares of rare earth companies like MP Materials and USAR have surged following the news of […]
As the world grapples with the dual imperatives of energy security and decarbonization, natural gas is emerging as the linchpin of the global energy transition. According to a recent report from S&P Global Commodity Insights, natural gas stands alone among fossil fuels in its projected growth within the energy mixes of the United States, China, […]
In a potential thaw in U.S.-Russia energy relations amid ongoing geopolitical tensions, secret talks are underway that could see ExxonMobil reclaim a stake in Russia’s lucrative Sakhalin-1 oil project. This development, whispered about in diplomatic circles and reported across multiple outlets, signals a strategic pivot: using energy cooperation as a “carrot” to lure President Vladimir […]
ENB Pub Note: This article is from Andrew Korybko’s Newsletter on Substack. Andrew confirms several of my articles and brings up some great additional points. “The EU would plunge into full-blown recession if it complied” is an understatement. President Trump is correct in asking them to step up and end their remaining use of Russian […]
As the Federal Open Market Committee (FOMC) convenes for its two-day meeting starting today, all eyes are on the Federal Reserve’s potential decision to lower interest rates for the first time in 2025. The announcement, scheduled for Wednesday, September 17, at 2 p.m. ET, comes amid a complex economic landscape marked by persistent inflation, a […]
In this episode of Energy News Beat – Conversations in Energy, I sat down with Graham Patterson and Nathan Myers, founders of Shalehaven Partners. It is refreshing to find oil and gas investments that offer investors attractive benefits by design. One interesting note is the makeup of their investor base. Generally, oil and gas industry […]
As the UK hurtles toward its self-imposed Net Zero targets under the misguided leadership of Energy Secretary Ed Miliband, the nation stands on the brink of economic catastrophe. The policies championed by Miliband—ruthlessly prioritizing intermittent renewables like wind and solar while demonizing reliable natural gas and oil—are not just failing; they are actively dismantling Britain’s […]
