In the ever-volatile world of oil markets, few voices carry as much weight as that of Harold Hamm, the billionaire wildcatter and founder of Continental Resources. As oil prices hover in the low $50s to $60s per barrel amid global oversupply and weakening demand, Hamm has made headlines with his stark assessment: there\’s simply no […]
Continue ReadingAs we kick off 2026, the U.S. oil and gas industry is signaling caution, with the latest rig count data showing a slight decline to start the year. According to the weekly report from Baker Hughes released on January 9, 2026, the total number of active drilling rigs in the United States fell by 2 […]
Continue ReadingIn the latest Baker Hughes weekly report, the US oil and gas rig count declined, reflecting ongoing challenges in the energy sector amid fluctuating prices and market pressures. The total active drilling rigs fell by 6 to 542 for the week ending December 19, 2025. This drop continues a trend of reduced activity, with the […]
Continue ReadingIn a world increasingly focused on energy transitions and geopolitical tensions, recent projections paint a picture of sustained growth in global oil demand. According to a report from the CNPC Economics and Technology Research Institute, global oil demand is expected to continue rising until peaking in 2040 at 4.8 billion tons, marking a significant upward […]
Continue ReadingOil had a weak and volatile year, while natural gas outperformed on the back of LNG approvals, higher breakevens, and emerging data-center demand. Despite price pressure, U.S. E&Ps outperformed expectations, and production is unlikely to decline unless oil approaches the $50 per barrel threshold. Looking ahead to 2026, U.S. shale operators may expand international exposure […]
Continue ReadingIn a move that feels like a seismic shift in the global energy landscape, the world\’s biggest oil giants—ExxonMobil, Chevron, BP, Shell, TotalEnergies, and Eni—are all piling into Libya simultaneously after more than a decade of steering clear. It\’s the first major exploration bidding frenzy in the North African nation since 2007, and it\’s got […]
Continue ReadingENB Pub Note: This article is a fantastic follow-up to the interview that Stu Turley, Mike Umbro, and Katy Grimes had on the Energy News Beat Podcast on Friday. This is a gigantic Energy Security problem that the Trump Administration is now facing. We will be following this huge crisis, and please follow Katy at […]
Continue ReadingThe US oil and gas sector showed signs of resilience this week, with the total active rig count rebounding by 5 to reach 549 as of December 5, 2025, according to the latest data from Baker Hughes. This marks a reversal from the previous week\’s decline and signals renewed drilling activity amid stabilizing energy prices. […]
Continue ReadingAs we approach the end of November 2025, the energy sector continues to show dynamic shifts in drilling activity, storage levels, and production metrics. This week\’s update draws on the latest data from Baker Hughes and the U.S. Energy Information Administration (EIA), highlighting trends in rig counts across the globe and within the U.S., as […]
Continue ReadingSaudi Aramco, the world\’s largest oil exporter, has announced a series of 17 memoranda of understanding (MoUs) and agreements with U.S. companies, potentially valued at more than $30 billion. These deals build on earlier announcements in May 2025, bringing the total collaboration pipeline with U.S. firms to approximately $120 billion this year. This move underscores […]
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