The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has targeted three vessels and their owners for allegedly providing support to the Houthis. Marshall Islands-registered Zaas Shipping & Trading facilitated the delivery of LPG to the Houthi-controlled port of Ras Isa using the San Marino-flagged Tulip BZ. The Tulip BZ has also […]
Continue ReadingENB Pub Note: This article by Charles Kennedy for Oilprice.com makes some excellent points. I still feel that energy, Utility, critical minerals, oil, and gas are still good investments. There are some great deals available, and I have conducted several insightful interviews with CEOs discussing the benefits of investing in energy commodities. Wind, solar, and […]
Continue ReadingThe Trump administration is looking at cooperation in the Russian energy sector as a key element of economic enticements to win over the Kremlin as it pushes for a deal to end the war in Ukraine, according to people familiar with the planning. Joint projects in the Arctic, as well as oil and gas and […]
Continue ReadingENB Pub Note: Why is this story from Tsvetana Parsskova from Oilprice.com important? Iran first learned, then developed ways to survive United States sanctions, and was an early adopter in the Dark Fleet, also known as the Shadow Fleet. Russia then built upon the success Iran had achieved with the shadow fleet and expanded it […]
Continue ReadingThe US Department of the Interior has introduced a new policy which will see increased pressure differential during downhole commingling boost offshore oil output in the Gulf of Mexico. The Bureau of Safety and Environmental Enforcement implemented new parameters for downhole commingling in the Paleogene (Wilcox) reservoirs, expanding the allowable pressure differential from 200 psi […]
Continue ReadingWhile examining the headlines of other publications, it is interesting to consider the potential impact of the 1-2 million barrels per day returning to the market after the sanction removal. I have a different perspective on the topic. Subscribers to the Energy News Beat Substack or podcast have likely heard me say that OPEC+ has […]
Continue ReadingENB Pub Note: This article from Rystad Energy is essential as it discusses the oil and gas operators in the MENA region. These points highlight some critical benefits of the trade wars for Saudi Aramco, Iran, and other producers in the area. What this does not cover is the importance that the tariffs are impacting […]
Continue ReadingThe oil dispute between Baghdad and the Kurdistan Region of Iraq (KRI) is fundamentally about sovereignty, not oil. Iraq’s Federal Supreme Court and the proposed Unified Oil Law have cemented Baghdad’s control over oil revenues, ending the KRI’s ability to export independently. Turkey’s new pipeline plans, bypassing Kurdistan, aligned with China’s Belt and Road Initiative, […]
Continue ReadingOil giant BP, which holds its annual general meeting on Thursday, has recently sought to resolve something of an identity crisis by launching a fundamental reset. Britain’s Shell and U.S. oil giants Exxon Mobil and Chevron have been touted as possible suitors. “I wouldn’t take anything off on the table. You know, oil and gas […]
Continue ReadingENB Pub Note: Interesting update from Alexandra Sharp from the Foreign Policy. Just some updates to the article: Yemen’s oil production has significantly declined due to ongoing conflict and infrastructure challenges. As of December 2022, Yemen produced approximately 49,000 barrels per day (bpd) of crude oil, according to CEIC Data. This is a sharp drop […]
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