Energy News Beat Highlights: Generated cash from operating activities of $1,013 million, Non-GAAP Cash Flow of $913 million and Non-GAAP Free Cash Flow of $392 million after capital expenditures of $521 million Second quarter production was above the guidance range on every product with average total production volumes of 615 thousand barrels of oil equivalent per day (“MBOE/d”), including 211 thousand […]
Energy News Beat “On Mozambique, I’ll be clear, we are working, you know it’s a major project, and I would say we are working in order to ensure a very strong alignment between the government of Mozambique and the investors,” Pouyanne told analysts during the second-quarter earnings call on Thursday. “This is for me absolutely […]
Energy News Beat Source: X Reuters reported yesterday that Russia has imposed a sudden halt on foreign oil tanker loadings at its key Black Sea export hubs, citing a new port security decree that requires Federal Security Service (FSB) clearance for all foreign vessels — a move poised to disrupt over 2% of global crude […]
Energy News Beat Italian energy giant Eni S.p.A. (ENI) reported a significant 25% decline in its adjusted net profit for the second quarter of 2025, falling to €1.13 billion from €1.52 billion in the same period last year. This drop comes despite the company outperforming analyst expectations and making strides in strategic expansions, highlighting the […]
Energy News Beat In a significant setback for Ireland’s ambitions as a European hub for tech and data centers, Amazon Web Services (AWS) has canceled plans for a €300 million server rack manufacturing plant in Dublin’s Ballycoolin industrial zone. The decision, driven by delays in securing reliable electricity connections from Ireland’s grid operator ESB Networks, […]
Energy News Beat SANTA FE, N.M. – Today, the Department of the Interior announced the Bureau of Land Management New Mexico State Office leased 16 parcels totaling 7,501.76 acres for $58,260,939 in total receipts for its quarterly oil and gas lease sale. This is the third highest value for highest bid/acre for a parcel for BLM. […]
Energy News Beat In a stark indicator of shifting priorities in the US energy sector, clean-energy project cancellations, closures, and scale-backs reached a staggering $22 billion in the first half of 2025. This figure, representing about 17% of the $133 billion in green projects announced since early 2022, underscores growing investor hesitation amid policy uncertainties […]
Energy News Beat In a significant shift that underscores the challenges facing the renewable energy sector, BP Plc has announced its intention to exit the Australian Renewable Energy Hub (AREH), a massive $36 billion green hydrogen production project. This decision marks BP’s withdrawal as both operator and equity holder, reflecting a broader strategic shift back […]
Energy News Beat ENB Pub Note: This is from David Blackmon’s Substack, and he has yet again hit it out of the park. We highly recommend subscribing to David’s work. When the EPA does take the sledgehammer to the Obama-era declaration that CO2 is a pollutant, we will see further bifurcation of the global financial […]
Energy News Beat ENB Pub Note: This article is from Doomberg’s Substack, and we highly recommend subscribing to get all of his great content. He has been a top guest on the Energy News Beat Podcast and is truly a great resource for those investing in the energy and commodities markets. “It is never too […]
