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Crude Oil News

ADES bags multi-year extension for jackup in Qatar

May 14, 2025 Stu Turley

ENB Pub Note: This announcement of the ADES multi-year extension for a jackup rig raises a bigger question about the Qatar oil reserves and how much they produce. With the great Middle East Trip President […]

Big Oil Companies

Halliburton, Schlumberger Brace for the Next Oil Slump

May 13, 2025 Clark Savage

All of the majors reported lower earnings for the first quarter. Already, some energy companies active in the shale patch are cutting their drilling budgets for the year. Oilfield services providers are bracing for impact […]

Shelf Drilling
Crude Oil News

Shelf Drilling bags a pair of jackup extensions

May 12, 2025 Mariel Alumit

United Arab Emirates-based jackup rig pure-play Shelf Drilling has revealed a couple of extensions for its rigs and some news regarding its fleet in its latest status report. The company said that its Trident 16 rig secured […]

EIA News

Week Recap: What’s Behind OPEC+’s Bold Move to Increase Oil Supply?

May 10, 2025 Andy Del Prado

Weekly Daily Standup Top Stories Why Spain’s Rooftop Solar Owners Weren’t Spared From the Blackout May 4, 2025 Clark Savage ENB Pub Note: Rooftop solar panels on homes are not bad; they must be appropriately designed […]

ARO Drilling
Crude Oil News

ARO Drilling agrees extensions for five jackups with Saudi Aramco

May 8, 2025 Mariel Alumit

ARO Drilling, a joint venture of New York-listed offshore driller Valaris, has signed extensions for five jackup rigs with Saudi giant Aramco. The extensions, all for five years, were signed for the Valaris 250, Valaris […]

Critical Minerals

Trump: Can Oil Prices Push Ukraine Toward Peace?

May 6, 2025 Andy Del Prado

Daily Standup Top Stories Dropping Oil Price Boosts Odds of Ukraine Peace Deal, Trump Says May 5, 2025 Clark Savage ENB Pub Note: President Trump’s team still does not understand what motivates President Putin to end […]

Policies And Climate
Crude Oil News

What is the future for U.S. crude oil? Have we hit peak production?

May 5, 2025 Clark Savage

ENB Pub Note: This article is from The Crude Truth Substack. I agree with the point that a single basin output does not define the country’s energy production capabilities. So, has the United States hit […]

ENB Pub Note

Subsea 7 wins big in Brazil with deal worth north of $1.25bn

May 5, 2025 Mariel Alumit

ENB Pub Note: This is an excellent announcement for Brazil and Petrobras.  Estimated Reserves: The Búzios field is estimated to contain approximately 13 billion barrels of oil equivalent (boe) in recoverable reserves, making it one […]

Crude Oil News

What is the new norm for oil prices?

May 2, 2025 Clark Savage

Being in the oil and gas business as a family-owned exploration and production company is one of the most significant rewards I have had in my professional career. And the number one question I get […]

Big Oil Companies

New rig deals boost Valaris backlog to $4.2bn

May 1, 2025 Stu Turley

ENB Pub Note: Interesting update from Valaris for ExxonMobil. The unit is offshore Cyprus and may be heading to Angola. The offshore business is one we are tracking as global oil demand is expected to […]

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