In this episode of the Energy Newsbeat Daily Standup, Stuart Turley and Michael Tanner break down Chevron CEO Mike Wirth’s confident outlook on oil and gas, even as the industry wrestles with glut fears, AI-driven efficiency shifts, and evolving demand. We explore the UK’s growing tension between AI expansion and net-zero ambitions, Sweden’s painful pension-fund losses from risky green investments, and Enbridge’s major move to expand Canadian oil export capacity. We also recap Ukraine’s latest refinery strike and the escalating 2025 energy-infrastructure hits shaping global markets. Plus, we cover rig-count changes, volatile pricing, and the geopolitical pressure points driving this week’s energy narrative.

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Timestamps:

00:00 - Intro

00:15 - Mike Wirth, Chevron CEO, Believes in the Future of Oil, Gas, and Chevron

03:42 - Labour Faces a Choice: AI or Net Zero—They Are Not Compatible – Insights from Kathryn Porter

06:05 - Sweden’s Pension Funds Face Eye-Watering Losses After Investing Heavily in Net Zero Projects

09:41 - Enbridge Updating Expansion Plans to its Mainline and Flanagan South Systems to Export Canadian Oil

10:45 - Ukraine Claims Strike on Rosneft’s Refinery – We summarize 2025 Energy Strikes in the Ukraine – Russian War

15:23 - Market Update

16:35 - U.S. Rig Count Up this Week by One

16:39 - Frac Count Update

17:53 - Outro

Links to articles discussed:

Mike Wirth, Chevron CEO, Believes in the Future of Oil, Gas, and Chevron

Labour Faces a Choice: AI or Net Zero—They Are Not Compatible – Insights from Kathryn Porter

Sweden’s Pension Funds Face Eye-Watering Losses After Investing Heavily in Net Zero Projects

Enbridge Updating Expansion Plans to its Mainline and Flanagan South Systems to Export Canadian Oil

Ukraine Claims Strike on Rosneft’s Refinery – We summarize 2025 Energy Strikes in the Ukraine – Russian War

U.S. Rig Count Up this Week by One