Global oil inventories are rapidly approaching their lowest level in nearly eight years, according to a new analysis from Goldman Sachs. The investment bank warned that the pace of depletion has become a major concern amid ongoing supply disruptions, particularly restrictions on flows through the Strait of Hormuz. Goldman estimates that total global oil stocks […]
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The Haynesville-Bossier Shale play, long anchored in Northwest Louisiana, is redrawing its boundaries westward into East Texas. Operators are chasing fresh drilling inventory in the Shelby Trough and surrounding counties as core areas mature and Gulf Coast LNG demand surges. Leading the charge are Caturus Energy, Adamas Energy (formerly Aethon Energy), and other well-capitalized players […]
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In a sharp rebuke of European and UK energy policies, British billionaire Sir Jim Ratcliffe, founder and chairman of global chemicals giant Ineos, has publicly slammed the continent’s “all over the place” approach to energy as a threat to economic growth, industrial competitiveness, and national security. At the same time, Ineos is doubling down on […]
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Houston, TX – May 6, 2026 – EOG Resources, Inc. (NYSE: EOG) delivered a strong beat on first-quarter 2026 estimates, posting adjusted earnings of $3.41 per share and revenue of $6.92 billion while exceeding production guidance midpoints across oil, NGLs, and natural gas. The company also raised its full-year 2026 oil and NGL production outlook […]
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ENB Pubnote: This article was run on David Blackmon’s Energy Additions Substack, and we highly recommend subscribing. This morning on Mornings with Maria, Secretary Chris Wright hit it out of the park, and we will have that information out later. California is a self-imposed energy island with a crisis brewing, and Secretary Wright is spot […]
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In a move that perfectly symbolizes the self-inflicted wounds of blue-state energy policy, Illinois is not only hemorrhaging residents — it’s literally watching critical power infrastructure roll out of the state on flatbed trucks headed for Texas. The owner of two-thirds of the massive Elwood Energy natural-gas-fired peaker plant in Will County has decided it’s […]
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According to the Bloomberg article (May 4, 2026) and Diamondback’s Q1 2026 earnings release/letter to shareholders: The company is currently pumping >520,000 barrels per day of oil (3% above its original full-year 2026 guidance midpoint of ~505,000 bpd). It is raising full-year 2026 guidance to 520,000+ bpd oil and 972,000+ boe/d total (up from the […]
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Nissan has officially scrapped its ambitious plans to convert its massive Canton, Mississippi, assembly plant into an electric-vehicle (EV) manufacturing hub. Instead, the Japanese automaker is redirecting operations — and a $500 million investment originally earmarked for EVs — toward gas-powered and hybrid trucks and SUVs that American consumers actually want to buy. This isn’t […]
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Caterpillar Inc. (NYSE: CAT) delivered a standout first-quarter 2026 performance, beating expectations and signaling strong momentum heading into the rest of the year. On April 30, 2026, the company reported sales and revenues of $17.4 billion, a robust 22% increase year-over-year from $14.2 billion in Q1 2025. Adjusted profit per share rose 30% to $5.54, […]
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ENB Pub Note: This article was run on the California Globe by Mike Ariza, and he was just on The Energy News Beat Podcast Last week. We highly recommend following him and the California Globe. “The oil industry makes up 8% of California’s GDP. Without that 8%, the other 92% would be impossible to achieve.” — USC […]
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