In Jurassic Park, Dr. Ian Malcolm delivers one of cinema’s most memorable lines: “Life finds a way.” Nature adapts, persists, and routes around obstacles no matter how carefully the fences are built. In the summer of 2026, crude oil is doing the same thing. Blockades and attacks have choked the Strait of Hormuz and the […]
Continue Reading
This was an absolute blast, and I am looking forward to having Amy Cooke and the Energy Bad Boys on the Energy News Beat Podcast. Amy does a great job wrangling tPowerGab Podcast: Energy Policy, Grid Reliability, and the Cost of Net Zero In this episode of PowerGab, host Amy Cooke sits down with Stu Turley, president and CEO […]
Continue Reading
Iraq is pushing aggressively to more than double its oil production capacity, targeting 8–10 million barrels per day (bpd) within six years—up from roughly 4 million bpd before the recent Iran-related regional conflict disrupted Strait of Hormuz shipping. On August 21, 2026, Prime Minister Ali al-Zaidi announced the goal at the Baghdad Dialog conference and […]
Continue Reading
Nigeria is positioning itself at the forefront of a global shift in oil and gas investment, targeting up to $50 billion in new offshore projects that could help diversify supplies away from the world’s most vulnerable maritime chokepoints. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has highlighted that new incentives for offshore oil and gas […]
Continue Reading
Oil and gas producers in the Permian Basin are driving electricity demand skyward in West Texas, even as technology companies race to site data centers in the world’s most prolific shale play. The dual surge—from electrifying drilling, fracturing, and production operations, plus hyperscale computing loads—is straining the regional grid and prompting warnings of potential reliability […]
Continue Reading
Oilfield services giant SLB (formerly Schlumberger) is preparing to reactivate as many as 15 idle drilling and workover rigs already located in Venezuela, a move that could help ease one of the primary bottlenecks constraining the country’s crude production recovery. Executives outlined the plans at an industry conference in Houston on August 19, 2026. William […]
Continue Reading
On August 18, 2026, Evolution announced a definitive agreement to acquire mineral, royalty, and overriding royalty interests spanning approximately 3,420 net royalty acres (NRA) across 152 tracts in Reagan, Upton, Glasscock, Midland, and Martin Counties, Texas, from a non-affiliated private seller. The purchase price is approximately $16 million in cash, subject to customary adjustments. The […]
Continue Reading
The ambitious plan to build a major new crude oil export route from Iraq through Syria to the Mediterranean—explicitly designed to reduce dependence on the Strait of Hormuz—will require at least four years of construction and an investment of $15 billion or more, according to sources directly involved in the project speaking to Reuters on […]
Continue Reading
The American continents—North and South America combined—have reached a landmark in global energy: roughly 42 million barrels per day of total liquids production. This figure, drawn from recent assessments of crude oil, natural gas liquids (NGLs), other petroleum fuels, ethanol, and biodiesel, marks a decisive shift in the world’s oil map. It has already surpassed […]
Continue Reading
Noreva (formerly Karbone Research), an AI-powered energy market intelligence platform, recently expanded its offerings with enhanced U.S. natural gas forecasting tools. These include merchant curves, scenario modeling, fundamentals analysis, basis and logistics analytics, and capacity pricing forecasts that integrate real transactional data, supply-demand balances, policy factors, and proprietary models. The service aims to provide clearer […]
Continue Reading