Britain 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 […]
Continue ReadingCrude oil inventories in the United States saw an increase of 3.6 million barrels during the week ending February 28, according to new data from the U.S. Energy Information Administration released on Wednesday. Crude oil prices were down prior to the crude data release by the U.S. Energy Information Administration, even after the American Petroleum […]
Continue ReadingUnlike 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 Convention last August, I was able to highlight the more than 1,000 words specific to energy included in it. The president’s high […]
Continue ReadingDespite media whining, oil giants are dumping renewables and net-zero goals in favor of profitable oil and gas. Rigzone and The Telegraph, among other outlets, are reporting that many major energy companies are tempering net-zero pledges they made in recent years, turning away from renewables and back towards oil and gas. [emphasis, links added] This […]
Continue ReadingChina Merchants has bought a 70% stake in Vast Infraestrutura, Brazil’s only privately run VLCC terminal, located in the port of Açu in a deal worth up to $714m. China Merchants bought its stake in the oil terminal from US-based EIG Global Energy Partners, which has been developing the site for the past 10 years. […]
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ENB PUB Note: I call it \”Drill Baby Drill, when fiscally responsible.\” The new mantra among frackers: “Discipline” to not trigger another oil-price collapse through overproduction. Drill Baby Drill, but not too fast. By Wolf Richter for WOLF STREET. Crude oil production in the US rose by 2.5% in 2024, and by 165% since 2008, to a record […]
Continue ReadingThe eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman met virtually on March 3, 2025, to review global market conditions and the future outlook. Taking into account the healthy market fundamentals and the positive […]
Continue ReadingA Venezuelan military ship was spotted in Guyana’s waters on Saturday morning sailing close to ExxonMobil’s producing FPSO claiming that the units were operating in “a disputed area”. In a national address, Guyana president Irfaan Ali revealed that the Venezuelan vessel, which entered Guyanese waters on Saturday morning, was part of its coast guard fleet. […]
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