Daily 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 ReadingSable Offshore, a Texas-based oil company, has restarted oil output from a platform off the coast of California, where production has been offline for a decade. Two more platforms are left to be brought back online. Sable Offshore, as the owner of a pipeline that will transport hydrocarbons produced at three offshore platforms linked to […]
Continue ReadingDaily Standup Top Stories Saudi Arabia poised to increase summer crude burn for power May 20, 2025 Clark Savage There are several ways to look at Saudi Arabia’s use of crude oil to burn for electrical generation. First, it is fiscally responsible, but it may not be the best long-term solution for their local […] QatarEnergy eyes […]
Continue ReadingThere are several ways to look at Saudi Arabia\’s use of crude oil to burn for electrical generation. First, it is fiscally responsible, but it may not be the best long-term solution for their local environment. As the leader of OPEC, it does help to have the flexibility to reduce the kingdom\’s energy costs by […]
Continue ReadingIntroduction In the world of oil and gas exploration, accurately valuing wells is a cornerstone of sound financial decision-making. Investors, operators, and stakeholders rely on robust financial metrics to assess the profitability and viability of drilling projects. Two metrics dominate this process: Internal Rate of Return (IRR) and Net Present Value (NPV). While both tools […]
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U.S. oil and gas drillers are slowing down drilling activities, as evidenced by a consistent decline in active rig counts across major basins in 2024 and 2025. This slowdown is driven by several factors: Lower Oil and Gas Prices: West Texas Intermediate (WTI) crude prices have hovered around $62 per barrel in 2025, close to […]
Continue ReadingWeekly Daily Standup Top Stories U.S. Largest Grid Operator is warning of Summer Power Shortages May 11, 2025 Clark Savage Key Points Research suggests potential summer power shortages in the U.S. grid, especially in PJM’s region, due to high demand and retiring plants. It seems likely that extreme heat could strain the grid, potentially causing […] Newsom […]
Continue ReadingDaily Standup Top Stories Saudi Arabia Spends Like Oil’s Still at $90 May 12, 2025 Clark Savage ENB Pub Note: Excellent article from Irina Slav at Oilprice.com. This article reinforces Doomberg’s comments about OPEC and its viability in the future as a cartel. Last week on the Energy News Beat podcast, he […] Republicans Push to Refill […]
Continue ReadingUnited Arab Emirates-based jackup rig pure-play Shelf Drilling has revealed a couple of extensions for its rigs and some news regarding its fleet in its latest status report. The company said that its Trident 16 rig secured a three-month extension with the Belayim Petroleum Company (Petrobel) in Egypt in February. The initial deal with the company was […]
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ENB Pub Note: We will cover this issue on the Energy Realities podcast with David Blackmon, Irina Slav, Tammy Nemeth, and Stu Turley live on X, YouTube, and LinkedIn Monday morning at 8:00 Central US. Watch to see Shell and/or BP move to the U.S. to avoid long-term regulatory and windfall profit taxes from the […]
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