BP’s Cypre development, located offshore Trinidad and Tobago, has delivered its first gas. The Cypre gas field is located 78 kilometers off the southeast coast of Trinidad and Tobago within the East Mayaro Block, in water depth of about 80 meters. It is owned by BP Trinidad and Tobago, which is owned by BP (70 […]
Continue ReadingDaily Standup Top Stories Norway’s Oil Fund to Buy Stakes in Offshore Wind for $1.5 Billion March 31, 2025 Clark Savage The world’s biggest sovereign wealth fund, Norway’s $1.8 trillion oil fund, will buy 49% in two offshore wind farm developments of RWE for a total of $1.5 billion (1.4 billion euros), the fund’s manager, Norges […] […]
Continue ReadingThe judge ruled the 2023 Gulf lease sale violated environmental law by ignoring climate, CO2 emissions, and whale impacts. A federal district judge has issued a ruling against a Gulf [oil and gas] lease sale conducted by the Biden administration in 2023, saying the Interior Department was in violation of the Environmental Policy Act by […]
Continue ReadingWeekly Daily Standup Top Stories The UK’s Heathrow Power Outage sheds light on Net Zero Policies March 21, 2025 Clark Savage Net Zero has forced global financial and companies to become carbon-neutral. But the why is only one question that we will tackle on another day. Today, let’s look at the energy policies that countries force […] […]
Continue ReadingDaily Standup Top Stories TotalEnergies CEO Not Ruling Out Return of Nord Stream Gas Pipelines March 26, 2025 Clark Savage ENB Pub Note: Governments face a choice: follow energy policies that are not sustainable or go for low-cost energy and look to have a growing economy. We are seeing the green energy policies around the […] Climate […]
Continue ReadingBrazilian offshore driller Constellation Oil Services has won a contract from compatriot oil and gas giant Petrobras for jackup rig work. The company said it was declared the winner of a recent tender and that the deal was awarded to the Admarine 511 jackup, owned by its commercial partner ADES. The unit shall be used […]
Continue ReadingCrude oil prices have risen to a three-week high due to a larger-than-expected drop in U.S. oil inventories reported by the American Petroleum Institute. President Trump’s threat of tariffs on countries importing Venezuelan crude has led to a slowdown in loadings at Venezuelan ports, further tightening the global supply. While sanctions are pushing prices up, […]
Continue ReadingDaily Standup Top Stories Coal Coal Baby March 24, 2025 Clark Savage ENB Pub Note: This article is from Robert Bryce and his Substack. We highly recommend subscribing and supporting his work. He has amazing points on Energy and today is no exception. The world needs low-cost […] British Oil Sector Hinges on Shell’s Future March 24, […]
Continue ReadingMette Frederiksen, head of research and insight at Tankers International, on the future of the VLCC trades. The VLCC market is changing significantly. While the global fleet continues to grow with the introduction of newbuilds, the ageing vessels in operation are losing efficiency, therefore slowing the actual growth of tonnage supply. Adding to this shift […]
Continue ReadingDaily Standup Top Stories The UK’s Heathrow Power Outage sheds light on Net Zero Policies March 21, 2025 Clark Savage Net Zero has forced global financial and companies to become carbon-neutral. But the why is only one question that we will tackle on another day. Today, let’s look at the energy policies that countries force […] UK […]
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