Energy News Beat Houston, TX – April 29, 2026 – NOV Inc. (NYSE: NOV), a leading provider of oilfield equipment and technologies, reported first-quarter 2026 results that reflected resilience in its diversified portfolio despite significant headwinds from the ongoing conflict in the Middle East. Consolidated revenues reached $2.05 billion, a 2% decline from the prior-year […]
Energy News Beat Houston-based integrated energy company Phillips 66 (NYSE: PSX) delivered a solid first-quarter 2026 earnings beat, reporting adjusted earnings of $0.49 per share—surpassing Wall Street consensus estimates of a $0.39 per share loss by $0.88. The company posted net income of $207 million, or $0.51 per diluted share on a reported (GAAP) basis. […]
Energy News Beat Houston, TX – April 29, 2026 – The latest U.S. rotary rig count data shows a modest rebound in drilling activity. According to Baker Hughes, the total U.S. rig count for the week ending April 24, 2026, stands at 544 rigs, up 1 rig week-over-week from 543 the prior week. Oil-directed rigs […]
Energy News Beat A controversial amendment to the 2026 Farm Bill is lighting up Capitol Hill, pitting big refining interests against smaller operations in a classic Washington showdown over the Renewable Fuel Standard (RFS) and ethanol mandates. Rep. Michelle Fischbach (R-MN) introduced Amendment 289, which would force year-round nationwide sales of E15 (15% ethanol gasoline) […]
Energy News Beat The United Kingdom’s vaunted renewable energy fleet delivered a stark reality check over the recent weekend. Despite boasting approximately 32 GW of installed wind capacity—onshore and offshore combined—actual output plummeted to just 0.6 GW, less than 2% of nameplate capacity. This collapse occurred overnight, when solar generation was zero, leaving Britain functionally […]
Energy News Beat The United Arab Emirates (UAE) has announced its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance, effective May 1, 2026—marking the end of nearly 60 years of membership since 1967. This move strips OPEC of its third-largest producer and delivers a significant blow to the […]
Energy News Beat Ukrainian drone strikes continue to hammer Russian oil infrastructure, with the latest assault on the Tuapse Oil Refinery in Krasnodar Krai marking the third hit on the facility in April alone. Overnight on April 27-28, 2026, drones ignited fires and damaged additional storage tanks, triggering a state of emergency, an oil spill, […]
