In a bold move that underscores the shifting dynamics of the global energy landscape, UK-based Harbour Energy has announced its acquisition of LLOG Exploration Company LLC for $3.2 billion, marking its entry into the deepwater U.S. Gulf of Mexico. This deal, comprising $2.7 billion in cash and $500 million in Harbour’s voting ordinary shares, is […]
ENB Pub Note: This story originally ran on the California Globe by Katy Grimes, who was a fantastic guest on the Energy News Beat Podcast. This follows the corruption and horrific problems in energy policies that Gavin Newsom has eviscerated the business, finances, and energy markets in California. We recommend following the California Globe and […]
In a bold strategic pivot, Baytex Energy Corp. has officially exited the U.S. market by selling its Eagle Ford shale assets for net proceeds of approximately $2.14 billion. This move, completed on December 19, 2025, marks the end of Baytex’s presence in the prolific South Texas basin and shifts the company’s focus entirely to its […]
In a stark reminder of California’s ongoing energy woes, San Francisco was plunged into darkness on December 20, 2025, as a massive power outage affected approximately 130,000 customers—roughly one-third of the city’s residents and businesses. The blackout, occurring on a peak holiday shopping day, disrupted daily life, commerce, and transportation across large swaths of the […]
In a move that underscores the ongoing turmoil in California’s energy sector, state regulators have slashed the profits that major utilities like PG&E Corp. and Edison International can earn on critical grid investments. The California Public Utilities Commission (CPUC) made this decision to curb skyrocketing electricity bills, attempting to strike a balance between hardening the […]
In a bold escalation of tensions between the United States and Venezuela, the Trump administration has intercepted a second oil tanker amid an ongoing blockade aimed at crippling the Maduro regime’s oil exports. On December 20, 2025, the US Coast Guard seized the supertanker named Centuries in the Caribbean Sea, shortly after it departed from […]
In a bold escalation of its campaign against Russia’s shadow fleet, Ukraine has carried out its first drone strike on a Russian-linked oil tanker in the Mediterranean Sea, marking a significant expansion of the conflict beyond the Black Sea region. The attack on the Oman-flagged tanker Qendil, which occurred off the Libyan coast on December […]
In the latest Baker Hughes weekly report, the US oil and gas rig count declined, reflecting ongoing challenges in the energy sector amid fluctuating prices and market pressures. The total active drilling rigs fell by 6 to 542 for the week ending December 19, 2025. This drop continues a trend of reduced activity, with the […]
The global energy landscape has long been shadowed by the so-called “shadow fleet”—a network of aging, often poorly maintained tankers that evade international sanctions to transport oil and liquefied natural gas (LNG) from countries like Russia, Iran, Iraq, and Venezuela. These vessels, frequently operating under opaque ownership and false flags, have allowed sanctioned regimes to […]
ENB Pub Note: This is an outstanding article from Cyrus Brooks at RBAC, and he has been on the Energy News Beat podcast several times. This article points out key relationships between Data Centers and natural gas. We will be reaching out to him to interview him after the second article drops. This article is […]
