Exploration & Production

How has OPEC’s production pre-war and current output under stress?

The Iran war that began around February 28, 2026, with U.S.-Israeli strikes and subsequent Iranian responses, has reshaped OPEC+ crude production and, more sharply, refined product exports. Pre-war levels (roughly February 2026) represented a relatively stable baseline after earlier OPEC+ quota management. Current output remains under significant stress from Strait of Hormuz disruptions, infrastructure attacks, […]

ENB Weekly Rig Count Comparison of Baker Hughes, Enverus and WellDatabase — Rigs Are Up

As of mid-October 2026, U.S. drilling activity continues to firm. Baker Hughes reported its closely watched weekly rotary rig count at 603 for the week ending October 9 (up 5 week-over-week and up 56 year-over-year from 547). WellDatabase’s U.S. Rig Report dated 10.14.2026 showed 608 total rigs (up 6 week-over-week and up 52 year-over-year). Enverus’ […]

Massive Oil, Gas, and Critical Mineral Exploration to Begin in Greenland: Trump Announcement, Security Deal, and the Path to 2027 Drilling

On October 14, 2026, President Donald Trump posted on Truth Social that “Massive Oil, Gas, and Mineral Exploration is getting ready to begin in our new and beautiful Greenland.” He added that experts claim the amount of easily available oil is far greater than that of almost any land anywhere in the world, and that […]