“The Tale of Two UK Oil Companies” could be the title of an old book, movie, or play. But sadly, it is a real-life story of how a once great country is imposing a self-imposed death spiral of deindustrialization and financial collapse. The very same death spiral the Blue / Net Zero crowd in the […]
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U.S. drilling activity showed mixed signals this week as different rig count providers reported divergent weekly moves against a backdrop of solid year-over-year gains. The latest WellDatabase US Rig Report (dated July 24, 2026) puts the active U.S. rig count at 575, up 1 from the prior week and up 47 from a year earlier. […]
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ENB Pub Note: This article was first run on RHG Phoenix Petroleum’s Blog. We will be interviewing them on the podcast soon. Halliburton executives signaled a positive outlook for North American oilfield activity in 2026 during the company’s second-quarter 2026 earnings release and conference call on July 21, 2026. The Houston-based oilfield services giant highlighted recent gains […]
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Incoming UK Prime Minister Andy Burnham is preparing to back increased North Sea oil and gas activity, including potential approvals for the Jackdaw gas field and Rosebank oil field, as part of an early policy push focused on energy security, jobs, and economic growth. Burnham, who formally took office today after succeeding Keir Starmer, has […]
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Floating offshore wind is similarly preposterous. It must be canceled before any more money is wasted. This was posted on the California Globe, and we highly recommend reading their publication. By Edward Ring, July 9 There are at least three ways to evaluate the economic viability of energy projects. The easiest way is to just repeat […]
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In a historic first for the world’s most important oil price benchmark, no cargoes of North Sea Brent crude oil are scheduled to load in August 2026. This development, driven by steadily declining production from mature fields, marks a symbolic turning point for the Dated Brent complex—even as the benchmark itself remains robust and continues […]
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The latest development in America’s shifting energy landscape came on June 29, 2026, when the U.S. Department of the Interior (DOI) announced a settlement with Duke Energy. The utility will voluntarily terminate its $129 million Carolina Long Bay offshore wind lease and reinvest that capital into new natural gas generation, nuclear power, and grid enhancements […]
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Saudi Aramco has resumed crude oil loadings at its flagship Ras Tanura terminal in the Persian Gulf after a nearly four-month halt, marking a key step toward restoring normal export flows from one of the world’s most important oil hubs. Satellite imagery captured on June 26, 2026, by the European Union’s Copernicus Sentinel-1 radar satellite […]
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In a decision that highlights his uncompromising stance against domestic fossil fuel expansion, UK Energy Secretary Ed Miliband reportedly vetoed a Treasury-backed proposal to increase North Sea oil and gas drilling. The plan was designed to generate additional tax revenues to help fund the Ministry of Defense’s urgent need for an extra £18 billion ($24 […]
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Guyana’s offshore Stabroek block continues to deliver exceptional results for two of the world’s largest energy companies. In 2025, ExxonMobil reported approximately $4.67 billion in profit from its Guyana operations, while Chevron (through its acquisition of Hess) reported $2.89 billion. The combined $7.56 billion underscores the block’s status as one of the most profitable and […]
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