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 […]
UK-based supermajor BP chairman Helge Lund has revealed his intention to step down from the role in due course. BP said that the board of directors will work with Lund to ensure an orderly transition […]
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