Author: Erick Parel

As Cuba Falls into Darkness, People See How Communism and Socialism Cannot Keep the Lights On

Energy News Beat Havana is literally in the dark. On May 14, 2026, Cuba’s communist Energy and Mines Minister Vicente de la O Levy delivered a stark admission: “We have absolutely no fuel oil, absolutely no diesel.” Power plants sit idle. Blackouts in the capital now stretch 20–22 hours a day, with electricity flickering on […]

Commonwealth LNG Greenlights $13 Billion Export Facility in Louisiana

Energy News Beat Houston, TX – May 17, 2026 – Caturus LLC announced a positive Final Investment Decision (FID) on May 15 for its Commonwealth LNG export facility in Cameron Parish, Louisiana, unlocking full construction on one of the most cost-competitive and efficient LNG projects in the United States. The $13 billion project, backed by […]

Iran Attacks UAE Nuclear Plant: Drone Strike Hits Barakah Facility Amid Escalating Tensions

Energy News Beat In a significant escalation of regional conflict, a drone strike targeted the Barakah Nuclear Power Plant in the UAE’s Al Dhafra region on May 17, 2026. The incident, which sparked a fire in an external electrical generator outside the plant’s inner perimeter, has raised immediate concerns about nuclear safety and energy infrastructure […]

Vietnam’s Largest Refinery Sees ‘Stable’ Operations Through June

Energy News Beat Vietnam’s largest refinery, the Nghi Son Refinery and Petrochemical LLC (NSRP), has confirmed it will maintain stable operations through the end of June 2026. According to a company statement reported by Bloomberg, the facility is actively diversifying its crude oil supply by strengthening cooperation with both domestic and international suppliers across multiple […]

AI Investments Keep Lining Up, But Are We Sure About Returns?

Energy News Beat The AI gold rush is in full swing. Hyperscalers like Microsoft, Amazon, Google, and Meta are pouring hundreds of billions into data centers, chips, and infrastructure to power the next wave of artificial intelligence. NVIDIA just posted record revenues driven almost entirely by AI demand. Yet one question looms large for investors […]

Duke Energy Catching Headlines

Energy News Beat Duke Energy Corp. (NYSE: DUK) is once again making waves in the energy sector following its robust first-quarter 2026 financial results and continued emphasis on reliable dividends and aggressive grid modernization. As one of the nation’s largest regulated utilities serving the Carolinas, Florida, and the Midwest, Duke is capitalizing on explosive load […]

What is Going On with AI and Data Centers in the US?

Energy News Beat The AI boom has supercharged America’s data center industry, turning what was once a steady infrastructure play into one of the fastest-growing drivers of electricity demand in the country. Hyperscalers and AI startups are racing to build massive facilities packed with GPUs that devour power at unprecedented rates. From rural Texas fields […]

NextEra Energy is possibly in Discussions to Acquire Dominion Energy: What does this mean for Consumers and Investors?

Energy News Beat In a development that could reshape the U.S. utility landscape, Florida-based NextEra Energy Inc. is reportedly in advanced discussions to acquire Virginia-based Dominion Energy Inc. in a deal structured primarily as a stock transaction. According to sources familiar with the matter, a formal announcement could come as early as Monday, May 18, […]

UK Moves to Ban New North Sea Oil and Gas Licenses Permanently – UK Deindustrialization and further fiscal failure on the horizen

Energy News Beat The UK government has confirmed it will introduce legislation to permanently ban new North Sea oil and gas exploration licenses, embedding Energy Secretary Ed Miliband’s existing moratorium into law through the Energy Independence Bill. The move, announced in the King’s Speech on 13 May 2026, fulfills a core Labour Party manifesto pledge […]

CNN Reports Gas System Hacked: Suspected Iranian Cyber Intrusions Target U.S. Gas Station Fuel Tank Monitors

Energy News Beat In a developing story that underscores the growing cyber vulnerabilities in America’s energy infrastructure, CNN reported on May 15, 2026, that hackers have breached systems monitoring underground fuel storage tanks at gas stations across multiple U.S. states. U.S. officials suspect Iranian actors are responsible, though definitive attribution remains elusive due to a […]