Energy Addition Not Transition and What It Really Means for Investors
Spotify 
Deezer In this episode of Energy Newsbeat Daily Standup, Stuart Turley breaks down why we’re living through an energy addition, not a transition—as global demand for oil, gas, and coal continues to climb despite record renewable spending. He dives into Texas ERCOT’s massive overbuild of nameplate capacity, BP’s $25 billion Iraq investment as a geopolitical lifeline, Iraq’s new LNG import deal, and major oil producers ramping output despite OPEC’s challenges. Plus, updates on TotalEnergies’ U.S. gas expansion and Equinor’s Q3 profit drop, highlighting how “green transition” strategies have failed and traditional energy remains the cornerstone for investors.
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Timestamps:
00:00 - Intro
00:08 - We Are in an Energy Addition, Not Transition
06:21 - BP’s New $25 Billion Investment in Iraq’s Kirkuk Fields Is Far More Than an Oil Project—It’s a Geopolitical Pivot
07:59 - Iraq Secures First Floating LNG Import Platform Deal with U.S. Firm
08:50 - Oil Giants Join OPEC in Boosting Production with Earnings Confirmations This Week
12:28 - TotalEnergies Bolsters US Gas Presence with 49% Stake in Anadarko Basin Assets
14:41 - Lower Oil Prices Hit Equinor’s Q3 Profits and They Miss Analysts Estimates
17:03 - Outro
Links to articles discussed:
We Are in an Energy Addition, Not Transition
BP’s New $25 Billion Investment in Iraq’s Kirkuk Fields Is Far More Than an Oil Project—It’s a Geop…
Iraq Secures First Floating LNG Import Platform Deal with U.S. Firm
Oil Giants Join OPEC in Boosting Production with Earnings Confirmations This Week
TotalEnergies Bolsters US Gas Presence with 49% Stake in Anadarko Basin Assets
Lower Oil Prices Hit Equinor’s Q3 Profits and They Miss Analysts Estimates