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HomeExploration and Production

Exploration and Production

Crude Oil News

USGS Unveils Massive Undiscovered Oil and Gas Resources in Texas’ Permian Basin

January 17, 2026 Clark Savage

In a groundbreaking assessment that underscores the enduring potential of America’s energy heartland, the U.S. Geological Survey (USGS) has revealed significant undiscovered oil and gas resources in the Woodford and Barnett shales within the Permian […]

Crude Oil News

Why Chevron and Exxon are Holding Their Stock Price Even When Oil is Holding at $60 to $65?

January 17, 2026 Clark Savage

In the volatile world of energy markets, oil prices have stabilized around $60 to $65 per barrel throughout much of 2025 and into early 2026, a level that might typically pressure major oil companies’ stock […]

Crude Oil News

U.S. Total Rig Count Down One This Week With Production Also Down

January 17, 2026 Clark Savage

The U.S. oil and gas industry saw a slight decline in drilling activity this week, with the total rig count dropping by one to 543, according to the latest data from Baker Hughes. This continues […]

No need to drill when margins are gone - Harold Hamm - Energy News Beat
Big Oil Companies

Harold Hamm Says There Is No Need to Drill at $58 per Barrel

January 16, 2026 Clark Savage

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 […]

Ford and BP Run from Net Zero - Energy News Beat
Electric Vehicles

BP and Ford’s Scaling Away from Net Zero: A Sign of Shifting Funding Priorities?

January 16, 2026 Clark Savage

In the ever-evolving landscape of the global energy transition, recent moves by major players like BP and Ford signal a potential reevaluation of aggressive Net Zero commitments. As economic pressures mount and profitability takes center […]

First load sold and how are the markets impacted? Source: ENB
Crude Oil News

How President Trump Changed the Global Oil Market and Sold Venezuelan Oil

January 15, 2026 Clark Savage

In a bold and unprecedented move, President Donald Trump has reshaped the global oil landscape by orchestrating the U.S. takeover of Venezuela’s oil sector following the capture of former President Nicolás Maduro. This January 2026 […]

Crude Oil News

Norway Awards 57 Drilling Permits in Offshore Oil, Gas Exploration Round

January 14, 2026 Clark Savage

In a significant move to bolster its offshore energy sector, Norway’s Energy Minister Terje Aasland announced on January 13, 2026, the award of 57 production licenses to 19 companies in the annual Awards in Predefined […]

NATO for Greenland Source ENB
Critical Minerals

What If President Trump Uses NATO Membership as Leverage to Buy Greenland?

January 13, 2026 Clark Savage

In a bold geopolitical maneuver, President Donald Trump has once again floated the idea of acquiring Greenland from Denmark, this time potentially tying it to U.S. participation in NATO. This hypothetical scenario raises intriguing questions […]

Crude Oil News

How Are the Oil Markets Shifting in Real Time?

January 12, 2026 Clark Savage

As we kick off 2026, the global oil landscape is a whirlwind of geopolitical maneuvers, supply gluts, and shifting alliances. With Brent crude hovering around $59 per barrel and a projected surplus of 1-3.8 million […]

Crude Oil News

China’s Oil and Gas Drilling Program Improvements Are Now Capable of Impacting Markets

January 11, 2026 Clark Savage

By Stuart Turley, Energy Podcast Host As the world’s largest energy consumer, China’s advancements in oil and gas drilling technologies and programs have reached a point where they can meaningfully influence global markets. Over the […]

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