US oil producers are struggling to defend margins at $60 WTI due to additional corporate costs that raise the all-in breakeven price. Trade policies and market volatility are threatening US oil production growth, particularly in […]
ENB Pub Note: This article from Robert Rapier is spot on. Low oil prices are not always a good thing. When the price is too low, drilling stops, and then when the price comes back […]
Weekly Daily Standup Top Stories Trump Tariffs Threaten UK Economic Stability April 6, 2025 Clark Savage Donald Trump’s imposition of new tariffs has triggered fears of a global trade war, with the UK facing a 10% […]
Brazilian state-owned giant Petrobras has exercised an option for one of Noble Corporation’s semisub drilling rig. The 2009-built Noble Discoverer rig has been working for Petrobras in Colombia since June 2024, and its deal is […]
Oil and gas firms are focusing on infrastructure-led exploration (ILX) near existing fields to reduce costs and shorten development timelines. Spending on exploration remains subdued, holding steady at $50–60 billion annually since 2016. Companies prioritize […]
Oil prices have crashed to their lowest point since 2021 due to the escalating US-China trade war. Analysts fear the trade war will lead to a global recession, significantly reducing oil demand. The oil price […]
Saudi oil and gas driller ADES has signed a contract renewal for one of its standard offshore jackup rigs previously suspended by Saudi Aramco. The company renewed the contract for the yet undisclosed rig for […]
Daily Standup Top Stories Trump Threatens 50% More China Tariffs, Teases Talks With Others April 7, 2025 Clark Savage President Donald Trump threatened to slap additional 50% import taxes on China, while readying negotiations with Japan and Israel, […]
A top executive at Diamondback Energy Inc. called on President Donald Trump’s administration to explain how the global trade war will help shale producers, a rare instance of public pushback from a US oil boss. “This administration better […]
Oil Price Crash Is Already Hitting Alberta’s Production Last week, the tariffs announced by the Trump Administration and the decision by OPEC+ producers to add in May more barrels to the market than expected crushed […]
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