News about massive oil and gas reserves identified in southwest Wyoming’s Mowry Shale formation has Josh Sorensen of Rock Springs reflecting on past booms. As president of Mountain States Pressure Service, Sorensen has over the years positioned his Rock Springs-based oil and gas well services company based on demand from producers moving into promising new […]
Continue ReadingDaily Standup Top Stories Saudi Arabia poised to increase summer crude burn for power May 20, 2025 Clark Savage There are several ways to look at Saudi Arabia’s use of crude oil to burn for electrical generation. First, it is fiscally responsible, but it may not be the best long-term solution for their local […] QatarEnergy eyes […]
Continue ReadingDaily Standup Top Stories Ukraine’s MHP delivers first bio-LNG supplies to EU May 13, 2025 Mariel Alumit ENB Pub Note: I added overall market context on the bio-LNG markets Bio-LNG (liquefied biomethane) is a renewable fuel derived from organic waste, such as agricultural residues, household waste, and industrial byproducts. Its production and […] Equinor could axe wind […]
Continue ReadingAll of the majors reported lower earnings for the first quarter. Already, some energy companies active in the shale patch are cutting their drilling budgets for the year. Oilfield services providers are bracing for impact as several large E&P firms are cutting back on drilling programs. U.S. oilfield service majors had a good run after […]
Continue ReadingUnited Arab Emirates-based jackup rig pure-play Shelf Drilling has revealed a couple of extensions for its rigs and some news regarding its fleet in its latest status report. The company said that its Trident 16 rig secured a three-month extension with the Belayim Petroleum Company (Petrobel) in Egypt in February. The initial deal with the company was […]
Continue ReadingWeekly Daily Standup Top Stories Why Spain’s Rooftop Solar Owners Weren’t Spared From the Blackout May 4, 2025 Clark Savage ENB Pub Note: Rooftop solar panels on homes are not bad; they must be appropriately designed and set up for disaster use. I have taken the time to learn how to get the rooftop solar, […] Saudis […]
Continue ReadingARO Drilling, a joint venture of New York-listed offshore driller Valaris, has signed extensions for five jackup rigs with Saudi giant Aramco. The extensions, all for five years, were signed for the Valaris 250, Valaris 116, Valaris 146, Valaris 140, and Valaris 141 or as ARO Drilling referred to them in its statement, the Bob […]
Continue ReadingDaily Standup Top Stories Dropping Oil Price Boosts Odds of Ukraine Peace Deal, Trump Says May 5, 2025 Clark Savage ENB Pub Note: President Trump’s team still does not understand what motivates President Putin to end the war. In the following article from Bloomberg, President Trump oddly says that low oil prices will bring President […] Saudi […]
Continue ReadingENB Pub Note: This article is from The Crude Truth Substack. I agree with the point that a single basin output does not define the country\’s energy production capabilities. So, has the United States hit peak oil and gas production, or is it just one basin? I agree with Rey Trevino that we are not […]
Continue ReadingBeing in the oil and gas business as a family-owned exploration and production company is one of the most significant rewards I have had in my professional career. And the number one question I get is Where are the oil prices going? That is a huge question, and in the past, it was a lot […]
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