Author: Erick Parel

‘Green energy’ is bringing back the atrocities of ‘blood diamonds’

Energy News Beat ENB Pub Note: This article was first run on America Outloud by Ronald Stein, and we recommend signing up for his newsletter and reading America Outloud.  Executive Orders in the United States are moving the country away from electric vehicles (EVs) and wind and solar electricity systems. Executive Orders issued by President […]

Shell to Buy Canada’s ARC Resources for $16.4 Billion to Pump Up Output

Energy News Beat In a major move to supercharge its long-term production and solidify its position in North America’s premier shale plays, oil giant Shell plc has agreed to acquire Canadian energy company ARC Resources Ltd. for a total enterprise value of approximately $16.4 billion. The all-cash-and-shares deal marks one of the largest energy transactions […]

Stonepeak and Bernhard Lock In A $6 Billion Deal to Buy Cleco Power

Energy News Beat In a landmark transaction underscoring the surging investor appetite for U.S. power infrastructure amid booming electricity demand, Stonepeak Partners LP and Bernhard Capital Partners have reached a definitive agreement to acquire Cleco Group LLC from a consortium led by Macquarie Asset Management, along with Macquarie Asset Management (BCI) and Manulife Investment Management. The […]

Ireland Doubles Down on Energy Dependency by Boosting Interconnections with Spain and UK

Energy News Beat Ireland has taken another step toward deeper integration with its European neighbors’ electricity grids, signing memorandums of understanding (MoUs) with Spain and the UK to expand interconnection capacity. While officials frame these deals as advances in “energy security” and renewable integration, a closer look at the data reveals a different story: Ireland […]

US Gasoline Prices lower than Europe: California says ‘Hold my Beer’

Energy News Beat When you follow bad energy policies, bad things happen. And California has tried to emulate EU and UK standards on carbon taxes, Net Zero, and the elimination of oil products. That’s the good news, and the bad news is they both are in trouble with spiking diesel, gasoline, and how are they […]

BP’s Stock Runs Past Exxon to Emerge as Top Big-Oil Stock During Iran War

Energy News Beat The Iran war that erupted on February 28 has sent oil prices surging past $100 per barrel amid disruptions in the Strait of Hormuz and Persian Gulf supply chains. While the broader energy sector has benefited from the geopolitical shock, not all Big Oil majors have performed equally. BP has emerged as […]

Chevron CEO Mike Wirth Says Venezuela Must Do More for Oil Industry Revival

Energy News Beat Houston-based Chevron Corporation remains the leading Western oil major active in Venezuela, but CEO Mike Wirth is calling for deeper reforms from Caracas if the country’s vast oil sector is to achieve meaningful revival. In comments reported by Bloomberg on April 26, 2026, Wirth acknowledged recent positive policy moves under Venezuela’s Hydrocarbons […]

GE Vernova Beat Earnings. How Did They Pull It Off?

Energy News Beat GE Vernova (NYSE: GEV) delivered a blockbuster first-quarter 2026 performance that exceeded analyst expectations across the board, sparking a roughly 13-14% surge in its stock price. The energy technology leader reported revenue of $9.3 billion (up 16% year-over-year and 7% organically), adjusted EBITDA of $896 million (nearly doubling from the prior year, […]

Goldman Sachs says Higher for Longer Is the New Reality – We add that it’s not just oil – it is gas, diesel, jet fuel and everything else.

Energy News Beat On the Energy News Beat Stand Up, we are covering 9 big stories, and they all have a huge impact on the markets, consumers, and investors. Goldman Sachs validated what we had been writing about, and we also brought up the other downstream products that look to be approaching a critical supply […]

Goldman Sachs: ‘Higher for Longer’ Is the New Reality

Energy News Beat ENB pub Note: This article ran on David Blackmon’s Substack and validates several articles we have published here on Energy News Beat. We recommend subscribing to David’s Substack. David and Stu Turley will be on a Podcast this week with Tim Stewart, President of the US Oil & Gas Association. Six weeks […]