On July 3, 2025, President Donald Trump signed the One Big Beautiful Bill Act (OBBBA) into law, marking a pivotal shift in U.S. energy policy. This landmark legislation, passed with thin Republican majorities in Congress, aligns closely with the Trump administration’s energy and climate agenda, aiming to bolster domestic energy production and reduce reliance on […]
Continue ReadingIn a bold move that caught markets off guard, OPEC+ announced a hefty production increase of 548,000 barrels per day (bpd) for August 2025 during a virtual meeting on July 5, surpassing expectations of a 411,000 bpd hike. This decision, led by the “Voluntary Eight” — Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and […]
Continue ReadingWeekly Daily Standup Top Stories Big Beautiful Bill May Still Yet End the Green New Deal June 29, 2025 Clark Savage Senate Republicans have taken a significant step toward passing President Donald Trump’s sweeping legislative package, dubbed the “One Big Beautiful Bill Act,” with a narrow 51-49 procedural vote on June 28, 2025. This $4.5 trillion […] […]
Continue ReadingIn this episode of Energy Newsbeat – Conversations in Energy, Stuart Turley talks with Mark Lancaster about solving the stranded gas challenge by turning wasted natural gas into energy for Bitcoin mining and data centers. Lancaster explains how his company provides fast, scalable natural gas generators, which cut project timelines and reduce emissions. They discuss […]
Continue ReadingOPEC+ has once again accelerated its oil production strategy, moving its key meeting from Sunday to Saturday, July 5, 2025, to discuss a potential fourth consecutive monthly output increase of 411,000 barrels per day (bpd) for August. This decision, reported by OilPrice.com and confirmed by OPEC+ delegates, reflects the group’s aggressive push to reclaim market […]
Continue ReadingThe U.S. Treasury Department has announced a fresh wave of sanctions targeting Iran’s illicit oil trade, specifically focusing on its elusive “dark fleet” network, a shadowy system of vessels and operators that smuggle Iranian oil to evade international restrictions. This move, part of the ongoing U.S. “maximum pressure” campaign, aims to choke off the financial […]
Continue ReadingThis is like the dog that chases a car so often that it doesn\’t know what to do when it finally catches up with the car. Doug Sheridan on LinkedIn again has some great points about the California refinery problems. Is Oil & Gas Right for Your Portfolio? Doug Sheridan Writes: Allysia Finley writes […]
Continue ReadingDaily Standup Top Stories Europe’s Green Energy Stocks Spike on Weakened U.S. Big Beautiful Bill This is a validation that the Inflation Reduction Act was giving money to other countries. Iraq Power Grid Suffers as Iran Cuts Gas by Half – U.S. company bidding on LNG import facility July 2, 2025 Clark Savage Iraq’s electricity grid […]
Continue ReadingCurrent Report Oil and gas activity contracts slightly as uncertainty remains elevated What’s New This Quarter Special questions this quarter focus on changes to 2025 drilling plans, the impact of import tariffs on drilling plans and well costs, the expected impact of lower oil prices on oil production and service firm pricing and whether produced […]
Continue ReadingSyria’s oil sector, long crippled by civil war and international sanctions, is showing signs of revival following the dramatic ousting of President Bashar al-Assad in December 2024. The restart of the Banias oil refinery, one of Syria’s largest, marked a significant milestone, with fuel shipments resuming for the first time since the regime change. This […]
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