International
US Energy News
Valero to Buy, Restart Idled Texas Refinery as Fuel Rallies
Valero Energy Corporation (NYSE: VLO) has agreed to acquire LyondellBasell’s former Houston Refinery site for $320.5 million and plans to restart 165,000 barrels per day (bpd) of light sweet crude processing capacity by the end of 2027. The deal, announced October 30, 2026, expands Valero’s Gulf Coast refining footprint adjacent to its existing Houston plant […]
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Exploration & Production
Chevron Raises Exploration Spending by 50% as It Returns to Frontier Basins, Prioritizing Geopolitical Diversification Away from Key Chokepoints
Chevron is sharply increasing its exploration budget by roughly 50%, targeting more than $1.5 billion in 2026 compared with just under $1 billion in 2025. The move, driven by Vice President of Exploration Kevin McLachlan (recruited from TotalEnergies), marks a deliberate return to high-impact frontier basins after years of heavier focus on the U.S. Gulf […]
World Bank Raised the Price of Energy. Its Rules Keep Africa’s Gas in the Ground.
October’s Commodity Markets Outlook lifted Brent to $91 for 2026 and marked European gas up 27%. It also cut Henry Hub, the one energy forecast that fell. The stage of the gas business that Africa’s offshore fields most need is the one stage the Bank’s lending rules still bar. By Energy News Beat | Oct. […]
Methane Rollback: EPA Puts $45 Billion on the Table. Here Is Who Saves
EPA wants to scrap the “super emitter” leak program and ease the rules for marginal wells that make about 6% of America’s oil and gas. The savings are real, they are lumpy, and most of the money lands on wells that belong to the biggest operators. By Energy News Beat | Oct. 28, 2026 If […]
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