Norwegian energy giant Equinor has struck oil in the Arctic Barents Sea, announcing a significant discovery near its Johan Castberg field, which could bolster reserves at one of Norway’s most promising oilfields. The find, located in exploration well 7720/7-DD-1H (Drivis Tubåen), is estimated to hold between 9 and 15 million barrels of recoverable oil, with […]
Continue ReadingDaily Standup Top Stories China dominates global trade of battery minerals – What will it take for the U.S. to get on it’s own production supply line? May 21, 2025 Stu Turley ENB Pub Note: The EIA released its report on selected battery trade volumes, which makes us wonder how the United States will compete for […]
Continue ReadingDaily 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 the war. In the following article from Bloomberg, President Trump oddly says that low oil prices will bring President […] Saudi […]
Continue ReadingWeekly Daily Standup Top Stories Why the Rubio Ceasefire Plan is DOA Part 8: The BLUF and the Overview of the Next Tranche of Papers March 30, 2025 George McMillian ENB Pub Note: George McMillan, an ENB news contributor on energy and geopolitical topics, wrote this article. You can find my interviews with George on his […]
Continue ReadingDaily Standup Top Stories Norway’s Oil Fund to Buy Stakes in Offshore Wind for $1.5 Billion March 31, 2025 Clark Savage The world’s biggest sovereign wealth fund, Norway’s $1.8 trillion oil fund, will buy 49% in two offshore wind farm developments of RWE for a total of $1.5 billion (1.4 billion euros), the fund’s manager, Norges […] […]
Continue ReadingBrent crude futures are trading at a rare discount to Middle Eastern oil, with growing production in Europe and the Mediterranean heaping pressure onto markets for the high-quality oil that underpins the global benchmark. Brent was 16 cents below Dubai swaps on Thursday, according to data compiled by Bloomberg, the first discount since May 2024. The global […]
Continue ReadingAround 120 discoveries were made in 2024, but most were small, unlike major finds in previous years. High-impact drilling is expected in Suriname (Korikori), Cyprus (Elektra), Libya (Area C), and South Africa (DWOB). Oil majors like Chevron, ExxonMobil, and TotalEnergies are leading the charge in new and existing frontier basins. The global oil industry saw […]
Continue ReadingDaily Standup Top Stories Oil Prices Fall Ahead Of Trump Inauguration January 20, 2025 Mariel Alumit Oil prices fell as traders await clarity on President-elect Donald Trump’s policy agenda. Banks are gearing up for oil prices to fall below $60 a barrel by the middle of Trump’s term. Standard Chartered predicts […] UK Nuclear Power Ambitions Hampered […]
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Norway\’s oil and gas investment is expected to reach a record high in 2025, driven by new exploration activity and increased demand for Norwegian gas. While Norway is a leader in renewable energy, it continues to invest heavily in oil and gas production, raising concerns about its climate commitments. Norway aims to balance its oil […]
Continue ReadingDaily Standup Top Stories California’s New Fuel Rules Could Raise Gas Prices by $0.50 Per Gallon November 12, 2024 Mariel Alumit California’s Air Resources Board recently amended the Low Carbon Fuel Standard, increasing target reductions despite affordability concerns. Consumer advocates fear that this move could raise gasoline prices by almost 50 cents per gallon. Currently, Californians […] […]
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