Saudi Aramco Awards Halliburton a Multi-Billion Dollar Multi-Year Contract for Jafurah Unconventional Gas Development

Riyadh/Dhahran, July 17, 2026 — Saudi Aramco has awarded Halliburton a multi-billion-dollar, multi-year contract for integrated stimulation and completion services supporting unconventional gas development, with a key focus on the massive Jafurah Basin in Saudi Arabia’s Eastern Province. This award underscores Aramco’s aggressive push to scale one of the world’s largest unconventional gas programs outside […]

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Scandal engulfs Britain’s electricity grid Claims blackout risks were covered up put the energy grid under the spotlight

Britain’s electricity system is facing intense scrutiny following serious allegations that the National Energy System Operator (NESO) — the body responsible for balancing supply and demand — covered up risks to grid security. Whistleblowers claim that during periods of system stress, senior managers instructed control room staff to hide critical information and avoid creating permanent […]

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Ed Miliband forces builders to put solar panels where the sun doesn’t shine

Net Zero Strikes again Energy Secretary Ed Miliband’s push to embed solar panels into every new home under the Future Homes Standard (FHS) is drawing sharp criticism from housebuilders, who argue the policy mandates installations even on roofs that receive little or no meaningful sunlight. The rules, which build on plans originally developed under the […]

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Iraq Suspends Crude Loading at All Export Terminals, Impacting ~4 Million Barrels per Day – Incident at Basra Terminals in the Persian Gulf, Not a Strait of Hormuz Closure

Iraq has suspended crude oil loading operations at all its southern export terminals following a drone incident at the Basra (Basrah) terminal complex in the Persian Gulf. The move affects a significant portion of the country’s exports, which normally average around 3.3–3.6 million barrels per day (bpd) via these facilities (with some market commentary citing […]

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All of Russia’s Major Refineries Now Within Reach: Ukraine’s Drone Campaign Triggers Deepening Energy Crisis

A pivotal shift occurred overnight on July 14–15, 2026. Ukraine struck the Gazprom Neftekhim Salavat refinery in Bashkortostan — previously Russia’s last major untouched gasoline production facility — along with the Afipsky refinery in Krasnodar Krai. Drones traveled over 1,500 km to hit primary processing units at Salavat, igniting fires and knocking out its full […]

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How is the rebalancing of the oil market handling Russia’s degraded refining capacity, and sanctioned dark fleet?

ENB Pub Note: This article originally ran on RHG Phoenix’s site by Randy Green. We will be visiting with them on the podcast soon.   The global oil market is navigating a complex rebalancing act amid geopolitical disruptions, sanctions evasion, and shifting supply dynamics. As of mid-July 2026, Brent crude trades in the low-to-mid $80s per […]

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WSJ Reports Tankers Hit Outside Strait of Hormuz at the Port of Fujairah; Potential Disruption to Key UAE Export Hub

The Wall Street Journal has reported concerns among tanker operators following strikes on vessels near the Port of Fujairah, raising alarms about the widening scope of attacks beyond the Strait of Hormuz. Social media commentary, including a post by Mario Nawfal, highlighted that Iranian missiles reportedly struck two oil tankers, leading to claims that the […]

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