Category: Exploration and Production

Russia Points Out the Lack of Investment in Oil is Poised to Cause an Oil Shortage

Clark Savage193

In a stark warning that echoes growing concerns across the global energy sector, Russia\’s top OPEC+ negotiator, Alexander Novak, has highlighted the imminent risk of an oil shortage driven by chronic underinvestment. Speaking recently, Novak emphasized that traditional accessible reserves are depleting rapidly, while hard-to-recover reserves demand significantly higher costs. \”We are now seeing traditional […]

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California Gov Newsom is oblivious that electricity came about after oil

Clark Savage176

The State of California sent a large delegation to the Conference of the Parties (COP) in Belém, Brazil, including California Governor Gavin Newsom and top officials from the California Natural Resources Agency, Department of Food and Agriculture, Air Resources Board, Public Utilities Commission, and Governor’s Office of Tribal Affairs. Interestingly, the leaders of the world’s […]

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Trump Pushes to Reopen California Coast to Offshore Drilling. But Gavin Claims It is DOA

Clark Savage206

In a bold move that could reshape America\’s energy landscape, the Trump administration is advancing plans to restart offshore oil and gas drilling along California\’s coastline for the first time in decades. The draft proposal from the Bureau of Ocean Energy Management (BOEM) outlines six lease sales off the Pacific coast, primarily around Santa Barbara […]

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China and India Demand Remains Strong into 2025: Countering Oil Glut Fears with Robust Imports and Stockpiling

Clark Savage183

As global energy markets grapple with persistent warnings of an impending oil glut in 2025 and 2026, strong demand signals from Asia\’s two giants—China and India—are providing critical support to crude prices and challenging oversupply narratives. Despite forecasts from agencies like the International Energy Agency (IEA) projecting surpluses of up to 2-4 million barrels per […]

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Chevron’s Future: Why the CEO Is All In

Clark Savage142

The world needs trillions of dollars just to meet normal decline curves, and we are tracking the oil and gas businesses\’ returns to investors as consistent compared to renewable energy sources. Consumers and investors want low-cost and reliable energy, and with leaders like Gavin Newsom representing the United States at COP30, we can rest assured […]

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Location, Location, Location: Why Drilling Success Depends on the Basin – ENB Weekly Recap

Clark Savage184

Weekly Daily Standup Top Stories U.S. Drilling Programs Are Resilient, but It Depends on the Location November 6, 2025 Clark Savage In the ever-volatile world of energy markets, U.S. oil and gas producers are demonstrating remarkable staying power amid oil prices hovering around $60 per barrel—a level that’s uncomfortably close to breakeven for many operations. Yet, […] […]

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U.S. Rig Count Up this Week by One

Clark Savage212

The latest weekly rig count report from Baker Hughes, released on November 14, 2025, shows a modest increase in U.S. drilling activity. The total number of active rigs in the United States rose by one to 549, marking a slight uptick amid ongoing fluctuations in the energy sector. This comes as the industry navigates volatile […]

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