Author: Erick Parel

Norway to Reopen Gas Fields That Were Shutdown

Energy News Beat   Oslo, Norway – In a significant move to bolster European energy security, Norway’s Ministry of Energy has approved the reopening of three long-idle North Sea gas fields that were shut down in 1998. The fields—Albuskjell, Vest Ekofisk, and Tommeliten Gamma—are located less than 10 km west of the giant Ekofisk complex […]

Ed Miliband Fights Releasing Document Showing Net Zero Will Raise Bills, Benefit Wind Giants

Energy News Beat UK Energy Secretary Ed Miliband is under fire for blocking the release of a key government document that critics say would expose how Labour’s net zero policies are set to drive up household electricity bills while protecting profits for offshore wind developers. The controversy centers on Miliband’s decision last year to scrap […]

Illinois is Losing People as They Flee Democrat Over-Regulation — and Now Natural Gas Turbines

Energy News Beat In a move that perfectly symbolizes the self-inflicted wounds of blue-state energy policy, Illinois is not only hemorrhaging residents — it’s literally watching critical power infrastructure roll out of the state on flatbed trucks headed for Texas. The owner of two-thirds of the massive Elwood Energy natural-gas-fired peaker plant in Will County […]

The Proposed Trans-Caspian Pipeline Is Shaping Up To Be A Flashpoint

Energy News Beat ENB Pub Note: I wrote about this a few days ago, and Andrew Korybko, Substack Author, just put out his article with some key points. Geopolitical choke points for energy are heating up around the world.  The strategic stakes are simply too high as NATO encroaches on Russia’s entire southern periphery via […]

Qatar Extends Force Majeure on LNG through Mid-June. I bet later.

Energy News Beat QatarEnergy has formally extended its force majeure declaration on liquefied natural gas (LNG) supplies through mid-June, according to Bloomberg. Customers received the latest notice as the Strait of Hormuz remains almost entirely closed to tanker traffic following Iranian missile strikes on the Ras Laffan Industrial City in March. This isn’t a surprise—it’s […]

Iran Heating Up the Middle East

Energy News Beat What a wild day on the News Desk. President Trump ordered the U.S. Navy to escort ships through the Strait of Hormuz, and Iran started lobbing drones and missiles around. Bagdad Bob showed up in Iran and claimed that they hit a US ship, but they did not. It will be interesting […]

Diamondback Energy is immediately lifting higher oil output in response to the ongoing oil price rally

Energy News Beat According to the Bloomberg article (May 4, 2026) and Diamondback’s Q1 2026 earnings release/letter to shareholders: The company is currently pumping >520,000 barrels per day of oil (3% above its original full-year 2026 guidance midpoint of ~505,000 bpd). It is raising full-year 2026 guidance to 520,000+ bpd oil and 972,000+ boe/d total […]

Reality Just Slammed into Nissan: They Ditch EVs and Redirect Focus to Trucks, SUVs in Mississippi

Energy News Beat Nissan has officially scrapped its ambitious plans to convert its massive Canton, Mississippi, assembly plant into an electric-vehicle (EV) manufacturing hub. Instead, the Japanese automaker is redirecting operations — and a $500 million investment originally earmarked for EVs — toward gas-powered and hybrid trucks and SUVs that American consumers actually want to […]

Fujairah confirms FOIZ fire after drone strike, and Gulf States may prepare a response

Energy News Beat Authorities in the United Arab Emirates’ Fujairah emirate have confirmed that a fire broke out at the Fujairah Oil Industries Zone (FOIZ) following a drone strike originating from Iran. Civil defense teams responded immediately and continue to contain the blaze, with no injuries reported. The incident comes amid heightened regional tensions, as […]

Italy Looks for Closer Ties with Azerbaijan in An Energy Push

Energy News Beat Italian Prime Minister Giorgia Meloni met Azerbaijani President Ilham Aliyev in Baku on May 4, 2026, and vowed to deepen energy cooperation with Azerbaijan as part of Italy’s broader strategy to secure supplies amid ongoing global disruptions. Meloni described Azerbaijani gas and oil — which currently account for 16% of Italy’s gas […]