Daily 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 ReadingENB Pub Note: As of recent data, the United States consumes approximately 20 million barrels of oil per day. This figure is based on averages from 2023 and 2024, with the U.S. Energy Information Administration (EIA) reporting total petroleum consumption at around 20.25 million barrels per day in 2023, including biofuels. Daily consumption can fluctuate […]
Continue ReadingWe may slow down, but we still have growth available. At what cost is yet to be determined. Predicting the exact timing of peak oil production in the Permian Basin is complex and depends on various factors, including geological limits, technological advancements, economic conditions, and operational strategies. However, based on available data and expert analyses, […]
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 ReadingHouston-based offshore contractor McDermott has been selected by UK supermajor Shell for an enterprise framework agreement for engineering and procurement services and integrated project management team services. McDermott said that the agreement has a duration of three years with two one-year optional extensions. The scope of the agreement encompasses the full suite of McDermott’s offerings […]
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 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 […]
Continue ReadingWeekly Daily Standup Top Stories EPA Unleashes 31 Actions To Overturn Biden- and Obama-Era Regulations, Boost American Power March 14, 2025 Stu Turley The EPA is reconsidering various regulations on power plants, oil and gas facilities, and coal plants to jumpstart growth and unleash American energy. The Environmental Protection Agency (EPA) announced Wednesday that it is […]
Continue ReadingOilfield services giant Baker Hughes has signed a deal with Brazilian oil and gas major Petrobras to provide fully integrated completion systems as well as an agreement for a definitive solution for stress corrosion cracking due to CO2 in flexible pipe systems. The multi-year contract award for completion systems follows an open tender and will […]
Continue ReadingDaily Standup Top Stories Chevron Out, Black Market In? The Fallout of U.S. Sanctions on Venezuela March 19, 2025 Clark Savage Revoking Chevron’s license in Venezuela could drive oil sales back underground, reducing transparency and benefiting corrupt intermediaries. Sanctions on Venezuela have had mixed effects. Removing licenses may disrupt Venezuela’s foreign exchange market and private sector. […] […]
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