The U.S. energy sector continues to face headwinds as the latest data from Baker Hughes reveals another decline in the national rig count. As of July 25, 2025, the total U.S. rig count stands at 542, down by 2 from the previous week and a significant 47 rigs lower than the same period last year. […]
Continue ReadingReuters reported yesterday that Russia has imposed a sudden halt on foreign oil tanker loadings at its key Black Sea export hubs, citing a new port security decree that requires Federal Security Service (FSB) clearance for all foreign vessels — a move poised to disrupt over 2% of global crude supply. The restriction, which took […]
Continue ReadingSANTA FE, N.M. – Today, the Department of the Interior announced the Bureau of Land Management New Mexico State Office leased 16 parcels totaling 7,501.76 acres for $58,260,939 in total receipts for its quarterly oil and gas lease sale. This is the third highest value for highest bid/acre for a parcel for BLM. The combined bonus […]
Continue ReadingIn a significant shift that underscores the challenges facing the renewable energy sector, BP Plc has announced its intention to exit the Australian Renewable Energy Hub (AREH), a massive $36 billion green hydrogen production project. This decision marks BP\’s withdrawal as both operator and equity holder, reflecting a broader strategic shift back toward its core […]
Continue ReadingThis article is from David Blackmon\’s Substack, and we highly recommend you follow him. His spot on his analysis of the oil majors and their move away from \’renewables\”. And brings up the other topic quietly, is the new Chairman of the Board of BP being brought on to move to the US to increase […]
Continue ReadingIn the ever-evolving landscape of global energy, China\’s role as the world\’s largest oil importer has long been a cornerstone of market dynamics. However, recent projections suggest a significant shift: China\’s oil demand is expected to peak around 2027 and then enter a gradual decline. This development, highlighted in a recent LinkedIn post by energy […]
Continue ReadingIn an era where efficiency and cost management are paramount in the energy sector, artificial intelligence (AI) is emerging as a game-changer for oil production. Executives at the 2025 CERAWeek energy conference in Houston highlighted how AI is accelerating drilling processes, reducing operational expenses, and unlocking geological insights that were previously unattainable. This technology is […]
Continue ReadingIn a world racing toward net zero emissions—or at least claiming to—Brazil is charting a boldly contrarian course. As the host of the upcoming COP30 climate summit, the South American giant is ramping up its oil production at a pace that could torpedo global climate goals. Meanwhile, California, the self-proclaimed leader in green energy transitions, […]
Continue ReadingIn the ever-evolving landscape of global energy, few questions spark as much debate as the future of oil and gas demand. With OPEC projecting a staggering $18.2 trillion in new investments needed by 2050 to ensure sufficient supply, the industry finds itself at a crossroads. This is a topic that Michael and I have covered […]
Continue ReadingIn a groundbreaking development for Europe\’s energy landscape, Poland has unveiled what officials are calling the largest oil discovery in the nation\’s history. The find, located in the Baltic Sea off the coast near the German border, promises to significantly bolster Poland\’s energy security amid ongoing global uncertainties. This announcement comes at a pivotal time, […]
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