ENB Pub Note: This article was run on the California Globe by Mike Ariza, and he was just on The Energy News Beat Podcast Last week. We highly recommend following him and the California Globe. “The oil industry makes up 8% of California’s GDP. Without that 8%, the other 92% would be impossible to achieve.” — USC Professor […]
Italian Prime Minister Giorgia Meloni met Azerbaijani President Ilham Aliyev in Baku on May 4, 2026, and vowed to deepen energy cooperation with Azerbaijan as part of Italy’s broader strategy to secure supplies amid ongoing global disruptions. Meloni described Azerbaijani gas and oil — which currently account for 16% of Italy’s gas imports and 17% […]
Caterpillar Inc. (NYSE: CAT) delivered a standout first-quarter 2026 performance, beating expectations and signaling strong momentum heading into the rest of the year. On April 30, 2026, the company reported sales and revenues of $17.4 billion, a robust 22% increase year-over-year from $14.2 billion in Q1 2025. Adjusted profit per share rose 30% to $5.54, […]
Authorities in the United Arab Emirates’ Fujairah emirate have confirmed that a fire broke out at the Fujairah Oil Industries Zone (FOIZ) following a drone strike originating from Iran. Civil defense teams responded immediately and continue to contain the blaze, with no injuries reported. The incident comes amid heightened regional tensions, as Gulf states weigh […]
A Russian tanker carrying crude oil from the Sakhalin-2 project is set to arrive in Japan today, marking a notable development in the country’s efforts to secure energy supplies amid ongoing disruptions in the Middle East. The cargo is destined for Taiyo Oil’s refinery in Ehime Prefecture and represents the latest step by Japan to […]
TAMPA, Fla. — U.S. Central Command (CENTCOM) announced that its forces will begin supporting Project Freedom on May 4, 2026, to restore freedom of navigation for commercial shipping through the Strait of Hormuz. The mission, directed by the President, aims to support merchant vessels seeking safe transit through this vital international trade corridor. A quarter […]
David Turver, an Energy Analyst from the UK, stops by the Energy News Beat Podcast. With the spotlight on the world stage around the price of oil, the world is bifurcating into two camps. Those going after Energy Security Starts at home, and the other camp is tripling down on Green Energy and Deindustrialization. I […]
The United Arab Emirates’ announcement on April 28, 2026, that it will formally exit both OPEC and the wider OPEC+ alliance effective May 1 marks a seismic shift in global oil politics. As one of the cartel’s most significant producers with substantial spare capacity, the UAE’s departure delivers a major blow to an already strained […]
GE Vernova, the turbine supplier for the nation’s first utility-scale offshore wind project, is pushing back hard against Vineyard Wind’s assertions that its departure would cause “irreparable harm.” In an emergency motion filed this week in Suffolk County Superior Court, GE Vernova argues that the recent activation of the project’s long-term power purchase agreements (PPAs) […]
In a significant development for the UK’s energy sector, BP is conducting an internal strategic review that includes the possibility of a full or partial exit from its UK North Sea operations. The review, ordered by newly appointed CEO Meg O’Neill, is driven in large part by the UK government’s extended Energy Profits Levy (EPL) […]
