In a bold move signaling a return to aggressive energy development, the Bureau of Ocean Energy Management (BOEM) has announced the Big Beautiful Gulf 1 (BBG1) lease sale, set for December 10, 2025. This auction, covering approximately 80 million acres in the newly renamed Gulf of America (formerly the Gulf of Mexico), is the first […]
Occidental Petroleum Corporation (NYSE: OXY), a leading player in the energy sector, released its third-quarter 2025 earnings on November 10, 2025, showcasing robust operational performance amid fluctuating commodity prices. The company exceeded production guidance and demonstrated continued progress in debt reduction, while announcing a strategic divestiture aimed at streamlining its portfolio. Below, we break down […]
In a significant escalation of U.S. military presence in the Western Hemisphere, the USS Gerald R. Ford Carrier Strike Group has entered the U.S. Southern Command (SOUTHCOM) area of responsibility on November 11, 2025. This deployment, led by the world’s most advanced nuclear-powered aircraft carrier, includes over 4,000 sailors, dozens of tactical aircraft, and supporting […]
In a significant escalation of geopolitical tensions, Russian oil giant Lukoil has declared force majeure at its West Qurna-2 oilfield in southern Iraq, citing disruptions caused by fresh U.S. and U.K. sanctions. This move, announced last week, has already contributed to upward pressure on global oil prices, as markets grapple with the potential loss of […]
In a bold escalation of its campaign against Russia’s energy infrastructure, Ukraine has claimed responsibility for a drone strike on the Saratov Oil Refinery in Russia’s Volga region overnight on November 11, 2025. This marks the second attack on the facility this month, the fifth reported strike this fall, and the seventh overall in 2025. […]
In a stark reminder of the challenges facing Australia’s ambitious shift from coal to renewable energy, the Waratah Super Battery project—one of the world’s largest battery storage systems—has suffered a “catastrophic” transformer failure, delaying its full completion by at least six months and potentially more. This $1 billion initiative, designed to act as a “shock […]
ENB Pub Note: This is an excellent article from Joanna Friebele, and Michael and Stu will be covering this on the next edition of the Energy News Beat Standup. Stu talked with Joanna last week, and was stunned by the costs and impact of this project. We recommend subscribing to Joanna’s Substack. Texas ERCOT system […]
The recent headline from Oilprice.com paints a rosy picture: Britain’s surging wind power sector is slashing energy bills for consumers, delivering massive savings amid the shift to renewables. Drawing on a study from University College London (UCL), the article claims that between 2010 and 2023, wind energy reduced UK electricity bills by $18.7 billion and […]
In a resounding affirmation of the booming U.S. liquefied natural gas (LNG) sector, Venture Global LNG has reported stellar third-quarter results for 2025, underscoring the company’s pivotal role in meeting surging global energy demands. As one of the fastest-growing players in the industry, Venture Global’s performance highlights not only its operational prowess but also the […]
In the ever-shifting landscape of global energy markets, headlines often paint a picture of dramatic pivots driven by geopolitics and sanctions. A recent article from OilPrice.com suggests that India is “racing” to swap out its hefty reliance on Russian crude for supplies from the United States, Iraq, and the UAE, spurred by fresh U.S. sanctions […]
