Shandong Yulong Petrochemical is set to begin trial runs at its second 200,000 bpd crude processing unit, increasing China\’s refining capacity. This expansion could lead to a boost in China\’s crude oil imports, despite recent declines. The refiner has been diversifying its crude sources, increasing purchases from West Africa and Brazil. Shandong Yulong Petrochemical, the […]
Continue ReadingWhitecap Resources and Veren have agreed to a $10.4 billion all-share merger, creating a major Canadian oil and condensate producer. The combined company will have an enterprise value of $10.4 billion and produce 370,000 barrels of oil equivalent per day. The merger will create the largest Canadian light oil-focused producer and a significant player in […]
Continue ReadingThe Labour government under Keir Starmer has upheld its promise to halt new oil and gas exploration but is now allowing tiebacks—connecting new reserves to existing fields. The government has decided not to renew the windfall tax on oil and gas companies beyond 2030. Facing declining domestic production, energy security concerns, and industry pushback, the […]
Continue ReadingENB Pub Note: This is an excellent article from Bloomberg on LNG diplomacy and the expansion in President Trump\’s second term. We are going to see some critical changes in the geopolitical world and new alliances that will not be directed by the globalists. Energy and Finance will be at the core of the realignment […]
Continue ReadingMany people are curious about the Trump administration’s plans to refill the Strategic Petroleum Reserve (SPR) that was so callously abused by whomever was making decisions in the Biden administration, which drew this national security tool down to depleted levels not seen in more than 40 years. Created in the early ‘70s by congress and […]
Continue ReadingENB Pub note: Interesting from Bloomberg. Also, we need to look at how much oil California potentially still imports from Iran. The official list of imported oil in California is: \”According to the California Energy Commission, in 2020 (the most recent detailed foreign source data available), the state imported approximately 60% of its crude oil, […]
Continue ReadingDespite Big Oil funding green energy, BP, Shell, and others are scaling back wind and solar investments, signaling a shift toward traditional energy. For years, groups like the Heartland Institute, CFACT, and other climate and energy realists have been accused of receiving large amounts of money from Big Oil to promote traditional energy sources. [emphasis, links […]
Continue ReadingBritain plans to overhaul its windfall tax regime on oil and gas producers once current levies run out in 2030, it said on Wednesday as it vowed to transform the North Sea into a renewables hub. The government is asking industry players and others to provide feedback until May 28 on policy options including taxing […]
Continue ReadingDaily Standup Top Stories DAVID BLACKMON: Trump Zeroes In On American Energy In Congressional Speech March 5, 2025 Mariel Alumit Unlike his predecessors, President Donald Trump always seems to have energy and its impacts to the lives of all Americans at the top of his mind. Following his stemwinding acceptance speech at the Republican National […] .@POTUS […]
Continue ReadingDaily Standup Top Stories DAVID BLACKMON: Trump Zeroes In On American Energy In Congressional Speech March 5, 2025 Mariel Alumit Unlike his predecessors, President Donald Trump always seems to have energy and its impacts to the lives of all Americans at the top of his mind. Following his stemwinding acceptance speech at the Republican National […] .@POTUS […]
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