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Sapura Energy
Crude Oil News

Debt-laden Sapura Energy secures $250m government bailout

March 12, 2025 Stu Turley

Malaysia’s troubled offshore services player Sapura Energy has secured a RM1.1bn ($250m) bailout from the government to repay debts to vendors. The company said in a Bursa Malaysia filing on Wednesday that the country’s Ministry […]

Big Oil Companies

Venezuela Stops Taking US Deportees After Trump Orders Chevron Out

March 11, 2025 Clark Savage

ENB Pub Note: We kind of need the Canadian heavy oil sands more now – just saying.  In 2023, Chevron’s joint ventures with Venezuela’s state oil company, Petróleos de Venezuela S.A. (PDVSA), were producing approximately […]

Crude Oil News

Containership likely to sink after North Sea collision

March 11, 2025 Stu Turley

ENB Pub Note: There are some real questions around the incident. The Stena was anchored for 24 hours, and the container ship sailed straight into her. Active Patriot posted on X the Ships tracking video. […]

North Sea
Crude Oil News

Fires continue to burn in North Sea following yesterday’s ship collision

March 11, 2025 Mariel Alumit

The search for a missing crewmember from the containership Solong that struck the tanker Stena Immaculate in the UK North Sea has been called off as fires aboard both ships continued to burn overnight. The […]

Noble
Big Oil Companies

Noble gets $14m from Shell for short-term drillship hire

March 11, 2025 Mariel Alumit

UK-based energy supermajor Shell has awarded a new contract to one of Noble Corporation’s drillships. Noble said via social media channels that a one firm well plus one option well deal was awarded to the […]

China’s Oil Imports
Crude Oil News

China’s Oil Imports Could Rise as Newest Refinery Begins Trial Runs

March 10, 2025 Mariel Alumit

Shandong Yulong Petrochemical is set to begin trial runs at its second 200,000 bpd crude processing unit, increasing China’s refining capacity. This expansion could lead to a boost in China’s crude oil imports, despite recent […]

tanker
Crude Oil News

Massive fire erupts as tanker and boxship crash off UK coast – Questions should be asked.

March 10, 2025 Stu Turley

ENB Pub Note: There are some real questions around the incident. The Stena was anchored for 24 hours, and the container ship sailed straight into her. Active Patriot posted on X the Ships tracking video. […]

Canadian Light Oil
Crude Oil News

Whitecap and Veren Merge to Create US$10-Billion Canadian Light Oil Producer

March 10, 2025 Mariel Alumit

Whitecap Resources and Veren have agreed to a $10.4 billion all-share merger, creating a major Canadian oil and condensate producer. The combined company will have an enterprise value of $10.4 billion and produce 370,000 barrels […]

UK
Crude Oil News

UK Oil & Gas: Too Legit to Quit, Even for Labour

March 10, 2025 Mariel Alumit

The Labour government under Keir Starmer has upheld its promise to halt new oil and gas exploration but is now allowing tiebacks—connecting new reserves to existing fields. The government has decided not to renew the […]

Crude Oil News

How Natural Gas Became America’s Most Important Export – A Key export for President Trump’s rebalancing of trade.

March 10, 2025 Clark Savage

ENB Pub Note: This is an excellent article from Bloomberg on LNG diplomacy and the expansion in President Trump’s second term. We are going to see some critical changes in the geopolitical world and new […]

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