Whitecap Resources and Veren have agreed to a $10.4 billion all-share merger, creating a major Canadian oil and condensate producer. The combined company will have an enterprise value of $10.4 billion and produce 370,000 barrels of oil equivalent per day. The merger will create the largest Canadian light oil-focused producer and a significant player in […]
Continue ReadingDaily Standup Top Stories Chris Wright Moves to Refill The Strategic Petroleum Reserve March 9, 2025 Clark Savage Many people are curious about the Trump administration’s plans to refill the Strategic Petroleum Reserve (SPR) that was so callously abused by whomever was making decisions in the Biden administration, which drew this national security […] Canada’s Final US […]
Continue ReadingUS tariffs on Canadian and Mexican imports will add to the financial burden of US refiners struggling with declining profit margins. Canada may divert oil exports to Asia due to the tariffs, while Mexico could retaliate with limitations on oil supplies to the US. Industry leaders warn that the tariffs could ultimately benefit Asian refiners […]
Continue ReadingDaily Standup Top Stories Musk gains ‘full access’ to US Treasury system February 2, 2025 Mariel Alumit Elon Musk’s Department of Government Efficiency (DOGE) has been granted full access to the US Treasury Department’s payment system, according to reports from The New York Times and The Wall Street Journal. Historically, access to […] China to sue US […]
Continue ReadingDaily Standup Top Stories U.S. Sanctions Trigger Russian Oil Exodus January 22, 2025 Mariel Alumit New US sanctions have led to a significant reduction in Russian oil exports as traders halt offers. Indian refiners, including Bharat Petroleum, are struggling to secure Russian oil for March delivery. Standard Chartered predicts that […] Trump unveils $500 billion AI ‘Stargate’ […]
Continue ReadingDaily Standup Top Stories Drill, Baby, Drill’ Hits Wall of Capital Restraint – More like Drill Baby Drill when fiscally responsible! November 13, 2024 Clark Savage Trump will encounter a very different mindset of shale industry executives in 2025 compared to the late 2010s. Discipline and a pragmatic approach to balancing production growth with shareholder returns […]
Continue ReadingDaily Standup Top Stories Trudeau to Order Oil, Gas Producers to Cut Emissions by 35% November 4, 2024 Clark Savage Industry limit to be implemented through cap-and-trade system Canada to start collecting data in 2026, enforcement in 2030 Prime Minister Justin Trudeau’s government will require Canada’s oil and gas industry to cut emissions by 35% from 2019 […] South […]
Continue ReadingDaily Standup Top Stories 10 Can’t-Miss Election Predictions November 2, 2024 Clark Savage ENB Pub Note: This is an excellent article from Robert Bryce’s Substack. I am reaching out to him and will try to record a podcast post on this topic next week. I highly recommend subscribing […] Joe Biden and Kamala’s Iran Oil Sanctions Failure […]
Continue ReadingDaily Standup Top Stories Italy’s central bank backs helping poorer countries fund energy transition September 16, 2024 Mariel Alumit ROME, Sept 16 (Reuters) – Italy’s Central Bank governor Fabio Panetta on Monday threw his weight behind a plan to help poorer countries reduce their carbon emissions, saying it would ultimately reduce the overall cost […] LNG pipeline […]
Continue ReadingDaily Standup Top Stories Renewables Accounted for 14.6% of Global Energy Consumption in 2023 August 27, 2024 Mariel Alumit ENB Pub Note: The term “Renewable Energy” is a marketing term. Wind and solar cannot be even considered renewable nor sustainable as they require oil and gas to even exisit. Renewable energy’s share of […] Visualizing the […]
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