In 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 […]
ENB Pub Note: This was originally published on the Hot Take of the Day Substack by David Ramsden-Wood, or as I call him, “DRW”. I have thoroughly enjoyed all of my podcasts with DRW, and he has been a great friend to the Energy News Beat Channel. We highly recommend subscribing to his Substack. I […]
In a bold escalation of its campaign against Russia’s war machine, Ukraine launched overnight drone strikes on key energy infrastructure deep inside Russian territory. The attacks targeted the Slavyansky Oil Refinery in the Krasnodar region and the Nikolaevskaya oil depot in Rostov, disrupting fuel supplies critical to Moscow’s military operations. Confirmed by Kyiv’s military intelligence […]
In an era when energy independence is paramount to national security, California’s aggressive push to phase out fossil fuels under Governor Gavin Newsom has created a precarious situation. Refineries are shuttering, fuel shortages loom, and the Golden State is increasingly reliant on imports—including jet fuel from India, much of which is refined from Russian crude. […]
In a bold escalation of U.S. policy toward Venezuela, President Donald Trump has ordered a “total and complete blockade” of all sanctioned oil tankers entering or leaving the country. The announcement, made via Truth Social, comes amid rising tensions over Venezuela’s use of shadowy “dark fleet” vessels to evade international sanctions and export crude oil, […]
ENB Pub Note: This is a fantastic article from the Merchant’s News Substack by Giacomo Prandelli. We highly recommend subscribing to and reading his Substack. Stu Turley just had an interview with Giacomo, and the podcast is in production for release soon. We will keep you posted. Everyone’s celebrating gold breaking $4,200 and silver doubling […]
In a bold pivot amid shifting market dynamics, Ford Motor Company announced on December 15, 2025, that it anticipates recording approximately $19.5 billion in special charges, primarily in the fourth quarter, tied to a significant pullback from its all-electric vehicle (EV) investments. This move, which includes $8.5 billion in asset writedowns and an additional $5.5 […]
In a move that underscores New York’s aggressive push toward climate accountability, the state’s Department of Environmental Conservation (DEC) has finalized regulations mandating greenhouse gas (GHG) reporting for large emitters starting in 2027. This program, aimed at tracking emissions from major polluters, comes amid federal rollbacks on similar initiatives, positioning New York as a leader—or, […]
In a stark warning that underscores the growing tension between global energy giants and European regulators, ExxonMobil’s CEO Darren Woods has labeled the EU’s Corporate Sustainability Due Diligence Directive (CSDDD) as “the worst piece of legislation I’ve seen since I’ve been in this job.” This directive, alongside the bloc’s stringent methane emissions regulation, could prompt […]
In a dramatic escalation of California’s aggressive push toward green energy, Governor Gavin Newsom’s policies on oil and gas have rippled beyond state borders, igniting concerns in Oregon and Washington. What began as a targeted “war on fossil fuels” in the Golden State has now “exploded” into neighboring regions, with refinery closures in California threatening […]
