ENB Pub Note: This article from Oilprice.com follows last week\’s statements from Chris Wright that the SPR had damage from oil being withdrawn so fast, and only saw a 40-cent reduction at the pump for the primaries. The money being requested won\’t be felt at the pump that hard, as it will take time to […]
Continue ReadingDaily Standup Top Stories U.S. Largest Grid Operator is warning of Summer Power Shortages May 11, 2025 Clark Savage Key Points Research suggests potential summer power shortages in the U.S. grid, especially in PJM’s region, due to high demand and retiring plants. It seems likely that extreme heat could strain the grid, potentially causing […] Newsom asks […]
Continue ReadingUnited Arab Emirates-based jackup rig pure-play Shelf Drilling has revealed a couple of extensions for its rigs and some news regarding its fleet in its latest status report. The company said that its Trident 16 rig secured a three-month extension with the Belayim Petroleum Company (Petrobel) in Egypt in February. The initial deal with the company was […]
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ENB Pub Note: We will cover this issue on the Energy Realities podcast with David Blackmon, Irina Slav, Tammy Nemeth, and Stu Turley live on X, YouTube, and LinkedIn Monday morning at 8:00 Central US. Watch to see Shell and/or BP move to the U.S. to avoid long-term regulatory and windfall profit taxes from the […]
Continue ReadingKey Points Research suggests Chevron\’s oil production in Venezuela is winding down, likely zero or negligible by May 11, 2025. It seems likely that U.S. sanctions and license termination have halted significant operations. The evidence leans toward Chevron ceasing production by May 27, 2025, with controversy over the impact on Venezuela\’s economy. Current Status As […]
Continue ReadingKey Points Research suggests Saudi Aramco\’s Q1 2025 earnings reflect lower oil prices and production cuts. Net income dropped to $26 billion, down from $27.3 billion in Q1 2024, due to market conditions. Dividends include a $21.1 billion base, up 4.2%, but performance-linked dividends fell sharply. The evidence leans toward ongoing challenges from global oil […]
Continue ReadingThere is no question that the Biden Administration used the United States Strategic Petroleum Reserve for political gain when it opened and caused significant drawdowns right before the mid-term elections. Key Points The Biden administration significantly depleted the Strategic Petroleum Reserve (SPR), but replenishment efforts have restored much of it. There is no conclusive […]
Continue ReadingWeekly Daily Standup Top Stories Why Spain’s Rooftop Solar Owners Weren’t Spared From the Blackout May 4, 2025 Clark Savage ENB Pub Note: Rooftop solar panels on homes are not bad; they must be appropriately designed and set up for disaster use. I have taken the time to learn how to get the rooftop solar, […] Saudis […]
Continue ReadingWeekly Daily Standup Top Stories Why Spain’s Rooftop Solar Owners Weren’t Spared From the Blackout May 4, 2025 Clark Savage ENB Pub Note: Rooftop solar panels on homes are not bad; they must be appropriately designed and set up for disaster use. I have taken the time to learn how to get the rooftop solar, […] Saudis […]
Continue ReadingWeekly Daily Standup Top Stories Why Spain’s Rooftop Solar Owners Weren’t Spared From the Blackout May 4, 2025 Clark Savage ENB Pub Note: Rooftop solar panels on homes are not bad; they must be appropriately designed and set up for disaster use. I have taken the time to learn how to get the rooftop solar, […] Saudis […]
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