ExxonMobil’s preliminary third-quarter update has put refining front and center for investors. Higher refining margins are expected to add roughly $4.5 billion to downstream earnings compared with the second quarter—on top of the $4.1 billion the company already generated from refining in Q2. That surge comes even as upstream earnings face an estimated $1.3 billion […]
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ENB Pub Note: This article is from America OutLoud, by Ronald Stein and Mike Ariza. Both have been on the Energy News Beat Podcast, and we recommend reading their work. California is the 4th largest economy in the world and an “ENERGY ISLAND that is separated from the other 48 continental States by the Rocky […]
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Isaias had 110 mph winds at 7 a.m. CDT Friday, on the cusp of major-hurricane strength, and is expected to come ashore between Mississippi and the Florida Panhandle tonight or early Saturday. It has already shut in 62.9% of Gulf oil output. Here is what the next one to three weeks could mean at the […]
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The likely first hurricane of 2026 is forecast to cross deepwater fields that pump about 15% of U.S. crude and reach the coast late Friday. The latest NHC track has shifted east toward Alabama and the Florida Panhandle, which lowers the odds for the Mississippi River refining corridor. It does not take Pascagoula, the Colonial […]
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The MOU is not a final development contract. Continental and PDVSA said they intend to convert it into a long-term Contrato de Participación Productiva (CPP) in the coming weeks. Once that agreement is signed, Continental would operate the block with a 100% working interest. The announcement was made in Houston during the G20 energy ministers […]
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American oil executives have spent months warning that a prolonged disruption of the Strait of Hormuz would eventually produce a fuel crisis rather than a simple crude shortage. They now say that moment has arrived. Commercial inventories of gasoline, diesel, and jet fuel have been drawn down for more than six months. Strategic crude reserves […]
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Chevron Chairman and CEO Mike Wirth delivered a blunt message in Austin on Friday: the shock absorbers that kept oil from exploding earlier in the Iran war are finished. Strategic stockpile releases and the U.S. decision to loosen rules on sanctioned crude sitting in floating storage have been “played out.” From here, he said, it […]
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Energy News Beat Channel — September 11, 2026 Hector Acevedo put the industry’s new map on the table this week: AI did not just raise electricity demand. It collapsed the old division of labor. Utilities no longer have a monopoly on electrons. Oil and gas companies no longer stop at molecules. Hyperscalers no longer wait […]
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The latest WellDatabase U.S. Rig Report dated September 11, 2026, shows 598 active rigs, down 32 week-over-week but up 22 year-over-year. Baker Hughes, which released the same day, reported 591 rigs, up 3 from 588 the prior week and up about 52–54 from 537 a year earlier. Enverus’ daily GPS-tracked count stood near 661 as […]
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President Donald Trump’s late-August 2026 arrangement with North American Blue Energy Partners (NABEP) grants the company 100-year rights over 17 fields in Lake Maracaibo and the Orinoco Belt, holding an estimated 65 billion barrels—about one-fifth of Venezuela’s proven reserves. NABEP plans as much as $100 billion in infrastructure investment. The U.S. government receives rights to […]
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