Author: Erick Parel

Mitsubishi Enters U.S. Shale With $5.2 Billion Haynesville Gas Deal: What Does This Mean for Investors and Consumers?

Energy News Beat In a landmark move that underscores Japan’s growing commitment to securing its energy future, Mitsubishi Corporation announced on January 16, 2026, its acquisition of Aethon Energy Management’s Haynesville shale gas assets in a deal valued at approximately $5.2 billion in equity, with the Japanese giant also assuming $2.33 billion in net debt […]

Carney’s Canadian Carnage: What He Means By a ‘New…world…order’ – David Blackmon

Energy News Beat ENB Pub Note: This article is from David Blackmon’s Substack, and we highly recommend subscribing and being a paid member. This is a perfect example of the realignment of trading blocs that Stu Turley has been talking about last year. We are in the middle of a total global realignment, and this […]

Why Chevron and Exxon are Holding Their Stock Price Even When Oil is Holding at $60 to $65?

Energy News Beat In the volatile world of energy markets, oil prices have stabilized around $60 to $65 per barrel throughout much of 2025 and into early 2026, a level that might typically pressure major oil companies’ stock performance. Yet, industry giants Chevron (CVX) and ExxonMobil (XOM) have demonstrated remarkable resilience, with their shares holding […]

U.S. Total Rig Count Down One This Week With Production Also Down

Energy News Beat The U.S. oil and gas industry saw a slight decline in drilling activity this week, with the total rig count dropping by one to 543, according to the latest data from Baker Hughes. This continues a trend of subdued rig additions amid fluctuating commodity prices and market uncertainties. Meanwhile, U.S. crude oil […]

China Buying 84% More Canadian Oil Year over Year, and Carney Says the Partnership Sets Up for the New World Order

Energy News Beat In a rapidly evolving global energy landscape, China’s strategic partnerships and import trends are reshaping international relations. Recent developments highlight a surge in Canadian oil imports to China, facilitated by expanded infrastructure like the Trans Mountain pipeline. This comes amid statements from Canadian Prime Minister Mark Carney emphasizing a “new strategic partnership” […]

Harold Hamm Says There Is No Need to Drill at $58 per Barrel

Energy News Beat In the ever-volatile world of oil markets, few voices carry as much weight as that of Harold Hamm, the billionaire wildcatter and founder of Continental Resources. As oil prices hover in the low $50s to $60s per barrel amid global oversupply and weakening demand, Hamm has made headlines with his stark assessment: […]

BP and Ford’s Scaling Away from Net Zero: A Sign of Shifting Funding Priorities?

Energy News Beat In the ever-evolving landscape of the global energy transition, recent moves by major players like BP and Ford signal a potential reevaluation of aggressive Net Zero commitments. As economic pressures mount and profitability takes center stage, these companies’ decisions to scale back investments in renewables and electric vehicles (EVs) could foreshadow a […]

New England Ratepayers Would Save Up to $700 Billion Replacing Wind, Solar with Natural Gas, Nuclear

Energy News Beat In a groundbreaking study released this week, energy experts are sounding the alarm on New England’s heavy reliance on offshore wind and solar projects. According to the analysis, ratepayers across the six-state region could save between $400 billion and $700 billion through 2050 by shifting toward more reliable and cost-effective alternatives: natural […]

How President Trump Changed the Global Oil Market and Sold Venezuelan Oil

Energy News Beat In a bold and unprecedented move, President Donald Trump has reshaped the global oil landscape by orchestrating the U.S. takeover of Venezuela’s oil sector following the capture of former President Nicolás Maduro. This January 2026 intervention not only marked the end of Maduro’s regime but also positioned the United States as the […]

Tesla Lithium Refinery Steps Up to the Plate and Hits a Home Run for Energy Dominance in North America

Energy News Beat In a groundbreaking move that’s set to reshape the landscape of electric vehicle (EV) production and bolster North America’s energy independence, Tesla has officially ushered in operations at its state-of-the-art Lithium Refinery near Corpus Christi, Texas. Announced via X on January 14, 2026, this facility represents a pivotal step toward securing critical […]