Wind and solar are key, but not in existing grid deployments. This article was first run on the Energy News Beat Substack. Global electricity generation is set for a massive expansion. According to OPEC’s World Oil Outlook (matching the chart data for 2025–2050), total generation rises from about 32,017 TWh in 2025 to roughly 59,500 […]
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Matador Resources Company (NYSE: MTDR) announced on July 23, 2026, a pair of strategic bolt-on acquisitions in the Delaware Basin totaling approximately $1.475–$1.48 billion. The larger deal involves the purchase of Paloma Permian LLC, an EnCap Investments portfolio company, for $1.275 billion in cash. A smaller complementary transaction with Ridge Runner Resources II LLC (also […]
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West Texas Intermediate crude hovered near $90 per barrel on July 23, 2026, with Brent trading higher in the mid-to-high $90s amid escalating disruptions across multiple global oil transit routes. Markets are reacting to simultaneous pressures on four critical choke points: the Bab el-Mandeb Strait, the Strait of Hormuz, the Suez Canal corridor, and the […]
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Tesla delivered a strong top-line performance in the second quarter of 2026, posting record vehicle deliveries and solid energy storage growth, but the company missed Wall Street expectations on the bottom line as heavy spending on research, development, and future AI initiatives pressured profitability and cash flow. The results, released after market close on July […]
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A recent Wall Street Journal report has confirmed that China has effectively put negotiations for the Power of Siberia 2 (PoS2) natural gas pipeline on indefinite hold. This development, highlighted in a July 19 X post by commodities analyst Jack Prandelli, underscores Beijing’s hardball tactics and Russia’s increasingly desperate position in pivoting its energy exports […]
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In a significant move strengthening U.S. energy ties with Iraq, ConocoPhillips has agreed to acquire a 42% interest in BP Energy Company of Kirkuk Limited (BP ECKL), the contractor entity overseeing the redevelopment of major oil fields in northern Iraq’s Kirkuk region. BP will retain the remaining 58% majority stake. The deal, announced on July […]
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In a development that echoes broader regional efforts to reduce vulnerability to the Strait of Hormuz chokepoint, ExxonMobil is emerging as a key partner in Iraq’s drive for energy self-sufficiency—particularly by ending its costly and geopolitically sensitive dependence on Iranian natural gas. Iraqi Prime Minister Ali al-Zaidi met directly with ExxonMobil CEO Darren Woods in […]
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Yasir Arafat, Co-Founder, CTO, & President, stops by the Energy News Beat podcast On July 4th, 2024—America’s 250th birthday—something extraordinary happened that most people missed. Allo Atomics turned on a brand new advanced nuclear reactor for the first time in 50 years. But here’s what makes this truly revolutionary: they designed, built, and achieved criticality […]
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New York Governor Kathy Hochul signed an executive order on July 14, 2026, imposing the country’s first statewide moratorium on new large-scale data centers. The order halts permitting for facilities requiring 50 megawatts (MW) or more of electricity for up to one year while regulators study impacts on the electric grid, water resources, and local […]
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The Refining Capacity Shortage and Demand Destruction Quest Brent crude oil prices surged more than 3% today, breaking above $86 per barrel (reaching $86.06 in early London trading). This extends a sharp ~12% rally since Friday, driven by escalating geopolitical risks across key oil chokepoints and infrastructure. The immediate spark came from Iranian cruise missile […]
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