energy News
Helmerich & Payne Taps COO Trey Adams as Next CEO
John Lindsay to retire, signaling a leadership transition focused on operational continuity for the $2.9 billion drilling contractor.
Exxon Mobil Pivots to Fossil Fuels, Slashes Low-Carbon Spending
Energy giant bets on a 'fossil-fuel supercycle,' boosting oil and gas investment while cutting its 2030 green project budget by over $10 billion.
Texas Rule Change Unlocks Major Cost Savings for Oil Producers
New regulations for treating and discharging fracking wastewater could slash operating expenses for Permian giants, but environmental groups raise safety concerns.
Energy Sector on Edge as IEA Sees Tighter Oil Market Ahead
The International Energy Agency has revised its forecast to a smaller near-term surplus, citing OPEC+ output discipline, but projects a significant supply glut emerging later in 2026.
Oil Prices Climb as US Seizure of Venezuelan Tanker Stokes Supply Fears
The move adds fresh geopolitical risk to the market, compounded by a recent drop in U.S. crude inventories, pushing key benchmarks higher.
Solar Sector Shines as Falling Battery Costs Unlock 'Anytime' Power
A report highlights that cheaper energy storage is resolving solar's key challenge of intermittency, boosting the outlook for providers like First Solar and Canadian Solar.
Tellurian Shares Plunge on Stock and Debt Offering News
The energy company's plan to issue new shares and convertible notes to fund its Driftwood LNG project sparks concerns of shareholder dilution.
Apollo, Capital Power Form $3B Venture for US Natural Gas Assets
The new partnership signals accelerating institutional investment in gas-fired power generation amid rising electricity demand and a robust M&A climate.