U.S. oil and gas drillers are slowing down drilling activities, as evidenced by a consistent decline in active rig counts across major basins in 2024 and 2025. This slowdown is driven by several factors: Lower Oil and Gas Prices: West Texas Intermediate (WTI) crude prices have hovered around $62 per barrel in 2025, close to […]
Continue ReadingWeekly Daily Standup Top Stories U.S. Largest Grid Operator is warning of Summer Power Shortages May 11, 2025 Clark Savage Key Points Research suggests potential summer power shortages in the U.S. grid, especially in PJM’s region, due to high demand and retiring plants. It seems likely that extreme heat could strain the grid, potentially causing […] Newsom […]
Continue ReadingOil prices decreased sharply following comments from President Trump indicating the U.S. is close to a nuclear deal with Iran. Iran’s officials have suggested they would consider abandoning uranium enrichment if the United States lifts economic sanctions. Recent reports of a U.S. crude oil inventory build further contributed to the downward pressure on oil prices. […]
Continue ReadingDaily Standup Top Stories Aramco plans to join Woodside’s Louisiana LNG project May 14, 2025 Mariel Alumit ENB Pub Note: This is huge. The Woodside Louisiana LNG project has a total permitted export capacity of 27.6 million tonnes per annum (Mtpa). The foundational phase, approved with a final investment decision in April […] EU sanctions target nearly […]
Continue ReadingDaily Standup Top Stories Ukraine’s MHP delivers first bio-LNG supplies to EU May 13, 2025 Mariel Alumit ENB Pub Note: I added overall market context on the bio-LNG markets Bio-LNG (liquefied biomethane) is a renewable fuel derived from organic waste, such as agricultural residues, household waste, and industrial byproducts. Its production and […] Equinor could axe wind […]
Continue ReadingENB Pub Note: The second-tier sanctions against the Chinese refineries may be the most effective. I included a summary on top, with the newest announcement on the bottom. The Trump administration imposed extensive sanctions on Iran, focusing on its nuclear program, oil exports, and financial systems, aiming to pressure Iran into renegotiating the 2015 nuclear […]
Continue ReadingDaily Standup Top Stories Saudi Arabia Spends Like Oil’s Still at $90 May 12, 2025 Clark Savage ENB Pub Note: Excellent article from Irina Slav at Oilprice.com. This article reinforces Doomberg’s comments about OPEC and its viability in the future as a cartel. Last week on the Energy News Beat podcast, he […] Republicans Push to Refill […]
Continue ReadingAll of the majors reported lower earnings for the first quarter. Already, some energy companies active in the shale patch are cutting their drilling budgets for the year. Oilfield services providers are bracing for impact as several large E&P firms are cutting back on drilling programs. U.S. oilfield service majors had a good run after […]
Continue ReadingCo-authored by Ronald Stein, P.E. and Mike Umbro California’s Governor Newsom has been on this planet for 57 years and has yet to publicly recognize that modern life requires the use of fossil fuels to function. California is the fourth largest economy in the world. We require the PRODUCTS and TRANSPORTATION FUELS made from fossil fuels to meet […]
Continue ReadingENB Pub Note: Excellent article from Irina Slav at Oilprice.com. This article reinforces Doomberg\’s comments about OPEC and its viability in the future as a cartel. Last week on the Energy News Beat podcast, he had stated that the oil pricing matrices have changed, and that OPEC may not be able to be a viable […]
Continue Reading