In a surprising turn of events amid ongoing geopolitical tensions, ExxonMobil has taken a bold step toward reclaiming billions in losses from its forced exit from Russia\’s Sakhalin-1 oil project. According to recent reports, the U.S. energy giant signed a non-binding agreement with Russia\’s state-owned Rosneft in late August or early September 2025, paving the […]
Continue ReadingIn a potential thaw in U.S.-Russia energy relations amid ongoing geopolitical tensions, secret talks are underway that could see ExxonMobil reclaim a stake in Russia\’s lucrative Sakhalin-1 oil project. This development, whispered about in diplomatic circles and reported across multiple outlets, signals a strategic pivot: using energy cooperation as a \”carrot\” to lure President Vladimir […]
Continue ReadingU.S. oil hit a record in June (13.58 mb/d), but momentum is fading. Smaller operators are pulling back, and only the majors are still adding barrels. The EIA sees output easing from about 13.6 mb/d late-2025 to roughly 13.2 mb/d by end-2026 as low prices slow drilling and completions. Previously, we reported that U.S. oil production has […]
Continue ReadingIn the sweltering heat of the Caribbean, tensions between the United States and Venezuela have simmered for years, fueled by oil riches, political animosity, and the shadowy world of drug trafficking. But recent events—a U.S. military strike on a suspected drug boat off Venezuela\’s coast that killed 11 people on September 1—have pushed the rhetoric […]
Continue ReadingWeekly Daily Standup Top Stories Oklo Commences First Phase Construction on Nuclear Fuel Recycling Facility September 5, 2025 Clark Savage In a significant step toward advancing the U.S. nuclear energy sector, Oklo Inc. (NYSE: OKLO) has announced the commencement of the first phase of construction for a cutting-edge nuclear fuel recycling facility in Oak Ridge, […] Treasury […]
Continue ReadingDaily Standup Top Stories California in Talks to Pay Hundreds of Millions to Valero to Stave Off Refinery Shutdown September 10, 2025 Clark Savage In a dramatic turnaround amid California’s escalating energy crunch, state legislators are reportedly negotiating to hand over hundreds of millions of dollars to Valero Energy Corp. to prevent the shutdown of its […]
Continue ReadingBy ZeroHedge The global oil and gas industry is facing a severe downturn with widespread job losses and investment cuts. Falling crude prices, exacerbated by OPEC+ output increases, are making it difficult for western majors to fund projects and shareholder payouts. The downturn is significantly impacting the US shale industry and raising concerns about the future […]
Continue ReadingDaily Standup Top Stories The True Cost of Renewable Energy and the Impact on Consumers\’ Electrical Bills What does the EU, UK and ERCOT have in common? Stu Turley Climate change supporters and their media try to hit Net Zero by 2050, but at what cost – Doug Sheridan August 26, 2025 Clark Savage ENB Pub […]
Continue ReadingIn a strategic move that underscores Saudi Aramco\’s commitment to bolstering its balance sheet while expanding its natural gas operations, the oil giant has inked an $11 billion lease-and-leaseback agreement with a consortium led by BlackRock\’s Global Infrastructure Partners (GIP). This deal, announced on August 14, 2025, involves the Jafurah gas processing facilities and is […]
Continue ReadingIn a bold move to revitalize American energy production, the Trump administration has unveiled a sweeping offshore oil and gas leasing schedule through the Department of the Interior (DOI). Announced on August 19, 2025, this initiative marks a stark reversal from the restrictive policies of the previous Biden administration, aiming to unleash domestic resources and […]
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