AI
Oil Prices Fall
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 […]
OFS
Crude Oil News
Oil Prices Drop to Lowest Level Since Pandemic as Trade War Accelerates
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 […]
International News
Borr Drilling nets jackup deal hat-trick worth $120m
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 […]
Climate Crisis
Steel Market Reacts
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 […]
Crude Oil News
Oil Price Slump, Tariffs Hit Oilfield Services Sector
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 […]
Exploration and Production
ADES renews suspended jackup deal for 10 years
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 […]
Big Oil Companies
Trump’s China Tariff
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, […]
Big Oil Companies
Oil Boss Says Trump Administration Better Have a Plan Amid Rout
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 […]
Crude Oil News
Oil Price Crash Is Already Hitting Alberta’s Production
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 […]
International News
Eneos Drilling seals jackup deal in Vietnam
Japanese offshore contractor Eneos Drilling has secured employment for one of its jackup rigs in Vietnam. The Tokyo-based subsidiary of Eneos Xplora has fixed the 2018-built Hakuryu-14 to Japan Vietnam Petroleum Company for work on […]