Weekly 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 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 ReadingDaily Standup Top Stories Clean Energy Gutted in Last-Minute Rewrite of Trump’s $1.2T Senate Tax Bill June 30, 2025 Clark Savage In a stunning turn of events, Senate Republicans have delivered a seismic blow to the clean energy sector with sweeping last-minute revisions to President Donald Trump’s $1.2-trillion “One Big, Beautiful Bill.” The amendments, inserted just […] […]
Continue ReadingOslo-listed jackup rig player Shelf Drilling has landed a five-year contract extension with Saudi Aramco for its High Island V unit. The total added contract value is about $133m, the UAE-based company said in a filing. Is Oil & Gas Right for Your Portfolio? The extension will take effect immediately following the current fixture, securing […]
Continue ReadingNorwegian energy giant Equinor has struck oil in the Arctic Barents Sea, announcing a significant discovery near its Johan Castberg field, which could bolster reserves at one of Norway’s most promising oilfields. The find, located in exploration well 7720/7-DD-1H (Drivis Tubåen), is estimated to hold between 9 and 15 million barrels of recoverable oil, with […]
Continue ReadingThe U.S. oil and gas rig count continues its decline, with Baker Hughes reporting a drop of 7 rigs to 547 for the week ending June 27, 2025, the lowest since October 2021. Oil rigs fell by 6 to 432, and gas rigs dropped by 2 to 109, with 5 miscellaneous rigs unchanged. Globally, rig […]
Continue ReadingWhen Israel’s strikes on Iranian facilities sent oil prices spiking in mid-June 2025, U.S. oil producers didn’t hesitate. With West Texas Intermediate (WTI) crude jumping from the high $50s to $75 per barrel, shale operators rushed to hedge their output, locking in juicy profits just before a ceasefire announcement by President Donald Trump cooled the […]
Continue ReadingThis was a wild week in the energy space. The geopolitical tensions around the world are driving oil prices to $77, and if Iran\’s oil export capacity is diminished, we may see some short-term spikes to $100. For our oil and gas investors who follow Energy News Beat, this is what Stu has been predicting. […]
Continue ReadingDaily Standup Top Stories The Senate Caves on IRA Wind and Solar Subsidies – David Blackmon June 18, 2025 Clark Savage ENB Pub Note: This article from David Blackmon’s Substack is spot on – and RINOs are at it again… We need some huge primaries, and this is just disgusting. The RINOs in Congress, not David […] […]
Continue ReadingDaily Standup Top Stories Trump reveals Iran would ‘like to talk’ about a nuclear deal since they’re ‘not winning’ war against Israel June 16, 2025 Clark Savage ENB Pub Note: This update from The New York Post highlights several key issues. First, there is a willingness from Iran to talk, and President Trump wants them to […]
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