Geothermal Archives - Energy News Beat

Geothermal Breakthrough Looks to Break Open 150 Gigawatt Energy Revolution – If State and Federal Regulators Can Get Out of the Way

April 26, 2026April 26, 2026 Clark Savage42

America stands on the cusp of a geothermal energy revolution that could deliver up to 150 gigawatts (GW) of clean, constant, 24/7 baseload power—enough to power tens of millions of homes and slash reliance on intermittent renewables or fossil fuels. The breakthrough? Enhanced Geothermal Systems (EGS), which use advanced drilling techniques borrowed from the oil […]

Is $90 to $95 Oil Is the New Baseline for 2026

April 23, 2026 Clark Savage59

The global oil market has been upended by the U.S.-Israeli conflict with Iran that began in late February 2026. The effective closure or severe restriction of the Strait of Hormuz — the chokepoint carrying roughly 20 million barrels per day (bpd), or about one-fifth of global seaborne oil and LNG — triggered the largest supply […]

Fervo Energy: From Startup to Geothermal Leader

April 18, 2026April 18, 2026 Clark Savage39

Founded in 2017 by CEO Tim Latimer and CTO Dr. Jack Norbeck, Fervo Energy has quickly become the commercial frontrunner in next-generation geothermal development. The company has raised more than $1.5 billion in equity, debt, and grants from high-profile backers including Google, Breakthrough Energy Ventures (Bill Gates’ fund), B Capital, Devon Energy, and others. Its […]

Chevron Warns California Risks Fuel Crisis Unless Iran War Eases

March 24, 2026March 28, 2026 Clark Savage64

Chevron Corp. has issued a stark warning to California: the state is barreling toward a full-blown fuel crisis unless the ongoing war with Iran eases and state officials slash taxes and regulations that have strangled its refining industry. The world’s second-largest oil company is signaling it may walk away from refining in the Golden State […]

The End to the Ukraine War May Be at Hand with Putin Asking President Trump to Return to the US Dollar

February 12, 2026 Clark Savage32

In a stunning development that could reshape global energy markets and geopolitics, an internal Russian memo has surfaced proposing a return to the US dollar for settlements as part of a broader economic partnership with the Trump administration. This move, if realized, might signal the beginning of the end for the ongoing war in Ukraine, […]

Chevron Beats Profit Estimates with Venezuela on a Roll

January 30, 2026 Clark Savage41

In a year marked by fluctuating oil prices and geopolitical uncertainties, Chevron Corporation (NYSE: CVX) has delivered a strong finish to 2025, surpassing Wall Street\’s profit expectations for the fourth quarter. The energy giant\’s performance, bolstered by record production levels and strategic positioning in key markets like Venezuela, underscores its resilience amid industry challenges. As […]

Another Dark Fleet Tanker Boarded and Seized: U.S. Intensifies Crackdown on Sanctioned Oil Flows

January 9, 2026 Clark Savage26

In a bold pre-dawn operation on January 9, 2026, U.S. forces from Joint Task Force Southern Spear boarded and seized the motor tanker Olina in the Caribbean Sea, marking the fifth such interception in recent weeks. The action, supported by Marines and Sailors launching from the USS Gerald R. Ford, underscores the escalating U.S. efforts […]

Venezuela Isn\’t Escalation – It\’s Supply Managment – DRW

December 18, 2025 Clark Savage26

What a week in the oil and gas markets. We have Dark Fleet Tankers over the weekend rolling up on Venezuela to be filled up, and Michael Tanner and Stu Turley talk about it on the Sunday release of the Energy News Beat Stand Up. Stu points out that President Trump needs to pay attention, […]

Venezuela Isn\’t Escalation – It\’s Supply Managment – DRW

December 18, 2025 Clark Savage24

ExxonMobil Prepares to Close Singapore Petrochemical Unit Permanently – What does this mean to investors?

December 4, 2025 Clark Savage29

In a stark illustration of the petrochemical industry\’s deepening woes, ExxonMobil is set to permanently shutter one of its two steam crackers at its sprawling Jurong Island complex in Singapore. The decision, first reported by Reuters and echoed across global energy outlets, marks a pivotal moment for the U.S. energy giant and underscores the seismic […]

Category: Geothermal

Geothermal Breakthrough Looks to Break Open 150 Gigawatt Energy Revolution – If State and Federal Regulators Can Get Out of the Way

Is $90 to $95 Oil Is the New Baseline for 2026

Fervo Energy: From Startup to Geothermal Leader

Chevron Warns California Risks Fuel Crisis Unless Iran War Eases

The End to the Ukraine War May Be at Hand with Putin Asking President Trump to Return to the US Dollar

Chevron Beats Profit Estimates with Venezuela on a Roll

Another Dark Fleet Tanker Boarded and Seized: U.S. Intensifies Crackdown on Sanctioned Oil Flows

Venezuela Isn\’t Escalation – It\’s Supply Managment – DRW

Venezuela Isn\’t Escalation – It\’s Supply Managment – DRW

ExxonMobil Prepares to Close Singapore Petrochemical Unit Permanently – What does this mean to investors?

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