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 […]
Daily Standup Top Stories Data Center Boom Sparks Utility Spending—But How Real Is the Demand? April 9, 2025 Clark Savage ENB Pub Note: AI and data centers will have a profound impact on energy demand. Look […]
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 […]
Offshore jackup rig player Borr Drilling has revealed new deals for a trio of jackup rigs in the company’s new fleet update. In Southeast Asia, the Thor rig received a binding letter of award from […]
Daily Standup Top Stories Trump to sign executive orders aimed at reviving coal April 8, 2025 Clark Savage President Donald Trump is preparing to sign executive orders Tuesday to bolster the coal industry, including using his […]
Trump’s sweeping tariffs and China’s retaliation triggered a sharp drop in oil prices. The oilfield services sector is particularly vulnerable, facing reduced demand and profit margins due to falling oil prices, higher import costs, and […]
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 […]
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