In a development that echoes broader regional efforts to reduce vulnerability to the Strait of Hormuz chokepoint, ExxonMobil is emerging as a key partner in Iraq’s drive for energy self-sufficiency—particularly by ending its costly and geopolitically sensitive dependence on Iranian natural gas. Iraqi Prime Minister Ali al-Zaidi met directly with ExxonMobil CEO Darren Woods in […]
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Riyadh/Dhahran, July 17, 2026 — Saudi Aramco has awarded Halliburton a multi-billion-dollar, multi-year contract for integrated stimulation and completion services supporting unconventional gas development, with a key focus on the massive Jafurah Basin in Saudi Arabia’s Eastern Province. This award underscores Aramco’s aggressive push to scale one of the world’s largest unconventional gas programs outside […]
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Chevron Corp. is set to sign non-binding memorandums of understanding (MOUs) with the Iraqi government on Friday, advancing negotiations for major investments in two of Iraq’s key oil fields while joining efforts to develop pipelines that would allow Iraqi crude exports to bypass the vulnerable Strait of Hormuz. The move signals deepening U.S.-Iraq energy ties […]
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A long-dormant shale gas reservoir in Alberta is getting a second life — this time as a promising oil play. Companies are targeting the sandstone layers of the Basel Belly River formation in the Willesden Green area southwest of Edmonton, using modern fracking techniques to unlock light oil in what was historically a gas-focused zone.alamy.com […]
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In a significant development for U.S.-Iraq energy relations, President Donald Trump hosted Iraqi Prime Minister Ali al-Zaidi at the White House on July 14, 2026. The meeting focused on deepening strategic ties, advancing major oil and gas investments, and discussing infrastructure projects—including a revived pipeline that could bypass the volatile Strait of Hormuz. Trump also […]
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ENB Pub Note: This article was originally published on LinkedIn by Kirk Edwards, and he will be on the Energy News Beat podcast soon. That old Texas oilfield saying may not be elegant, but it feels pretty accurate right now. The situation involving Iran appears to be getting worse by the day, and we do […]
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This was originally posted on American Bazaar Online. By Phil Cruver As AI data centers face rising power demands, abandoned oil wells are being repurposed into long-duration energy storage systems that could stabilize electric grids and create new economic value. The recent analysis “The Borehole Battery: From Liability to Long Duration Storage Asset” by Gilles Chaspierre, […]
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Recent analyst predictions of an impending oil glut and sharply lower prices have gained traction amid falling benchmark crude prices and reports of recovering tanker flows through the Strait of Hormuz. However, a closer look at actual oil movements, inventory dynamics, refinery constraints, and exploration activity suggests these calls may be getting ahead of reality. […]
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ENB Pub Note: This article was written by Randy Green at RHG Phoenix Petroleum, and I found it very interesting. “U.S. shale overall is maturing, not collapsing. The real story is one of adaptation: capital discipline, consolidation, longer laterals, and now EOR/refracs to maximize what’s already been developed.” No, the Eagle Ford is not done […]
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The latest WellDatabase US Rig Report for June 26, 2026, shows the U.S. active rig count rising by 1 rig week-over-week to 550. This modest increase bucks a broader pattern of stability over the past year and comes against a backdrop of sharply tightening crude oil inventories—especially at the critical Cushing, Oklahoma hub—and continued draws […]
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