This was a good interview on the Sable offshore platform with Secretary Doug Burgum and Secretary Chris Wright on the importance and impact of the implementation of the Defense Production Act on California Oil. Make no mistake. There is still work to be done as the new legislation that Gov Newsom is putting in will […]
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We had a great discussion, and the global oil and gas markets have been changed permanently. “ Iran will have permanent control over the Strait of Hormuz. As though that necessarily, in and of itself, is bullish for oil prices. I would argue that, in fact, it isn’t. “ Doomberg, Substack Author, Energy Analyst This […]
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The Strait of Hormuz has long been the world’s most critical energy chokepoint—handling roughly 20 million barrels per day (b/d) of oil and a significant share of global LNG before the 2026 crisis. But Iran’s de facto closure of the strait since late February 2026, amid escalating conflict, has forced a permanent rethink. Even if […]
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New Delhi’s push for energy security took a major step forward on June 4, 2026, when Indian Prime Minister Narendra Modi met with Venezuela’s acting President Delcy Rodríguez. The high-level talks focused on expanding bilateral cooperation in energy, trade, investment, and renewables, with crude oil at the center of discussions. India is aggressively diversifying its […]
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The global order of the energy industry is shifting and where the Permian Basin will fit in is an intriguing question. It will of course be very important, but in what relation to Russia, Saudi Arabia and the other members of OPEC and OPEC-Plus? How will Europe and Asia factor in with their massive and […]
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ENB Pub Note: This article was posted on David Blackmon’s Energy Additions SubStack. I will be interviewing him today about several other topics and will add this one to the list. We highly recommend subscribing. In a striking X post this week, the American Petroleum Institute spotlighted a powerful and unprecedented truth about American […]
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ExxonMobil’s massive offshore operations in Guyana are delivering blockbuster returns, even as global oil markets navigate geopolitical turbulence. The U.S. supermajor, operator of the world-renowned Stabroek Block, is riding a wave of record production, ultra-low breakeven costs, and newfound regional stability following Venezuela’s political restructuring. As highlighted in recent market analysis, the consortium’s cost-recovery phase […]
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In a significant victory for American energy production and common sense, a federal judge has rejected California’s latest attempt to shut down Sable Offshore Corp.’s operations, allowing the company to continue moving domestically produced crude oil through its pipeline system. The ruling underscores the ongoing tension between California’s aggressive anti-oil policies under Governor Gavin Newsom […]
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Devon Energy (NYSE: DVN) delivered a solid operational performance in Q1 2026 while advancing a transformative strategic agenda. The company reported earnings on May 5, 2026, just ahead of the anticipated close of its all-stock merger with Coterra Energy (around May 7) and followed up with a major $2.6 billion Permian land grab on May […]
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Alaska is experiencing a genuine renaissance in its oil and gas sector. After decades of declining production that saw output fall from a peak of nearly 2 million barrels per day two decades ago to below 600,000 barrels per day in recent years, the state is poised for a significant rebound. Record-breaking lease sales, major […]
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