Oil prices experienced a modest decline on Tuesday, reflecting trader caution ahead of the U.S. Energy Information Administration\’s (EIA) latest Short-Term Energy Outlook report. Brent crude futures fell 20 cents, or 0.3%, to $66.43 a barrel, while U.S. West Texas Intermediate crude dipped similarly amid a backdrop of mixed signals from global demand forecasts and […]
Continue ReadingCalifornia Governor Newsom remains oblivious to the economy’s demands for a supply chain of products and transportation fuels currently derived from fossil fuels. He seems unaware that so-called renewables like wind and solar CANNOT make any products or fuels for society, as they can ONLY generate electricity under favorable weather conditions. Supply chain of PRODUCTS […]
Continue ReadingENB Pub Note: Doug Sheridan writes on LinkedIn the following, and he is spot on. And as the subtitle suggests, \”Turley\’s Law\” has been proven accurate in the past, and we will have to look at modifications as the world needs more oil and gas. The overall premise was that the more money spent on […]
Continue ReadingTrump’s plan to impose a 25% tariff on Indian imports over its Russian crude purchases puts India in a dilemma between preserving $87B in U.S. exports or saving billions through discounted oil. India signals it won’t bow to U.S. pressure, prioritizing cheap Russian crude to keep export goods competitive and avoid a potential $20B jump […]
Continue ReadingNorway, Europe\’s leading natural gas supplier, is gearing up for its most significant oil and gas licensing round in years, signaling a renewed push to bolster exploration and production amid ongoing global energy demands. The Norwegian government has announced preparations for the 26th licensing round, focusing on frontier areas unexplored since 2021, with invitations for […]
Continue ReadingLiberty Energy Inc. (NYSE: LBRT), a leading provider of hydraulic fracturing and related services in the oil and gas industry, released its second quarter 2025 earnings on July 24, 2025. The report showcased sequential improvements in key financial metrics amid a challenging energy market landscape, though year-over-year figures reflected broader industry pressures. This article analyzes […]
Continue ReadingIn a bold yet controversial move, the UK government under Prime Minister Keir Starmer is intensifying its commitment to Net Zero emissions by clamping down on North Sea oil production. Through a combination of elevated taxes, stringent environmental regulations, and a deliberate shift toward wind and solar energy, the administration aims to accelerate the transition […]
Continue ReadingThe Panama Ship Registry has become the first flag in the world to implement stricter controls and mandatory traceability for offshore ship-to-ship (STS) transfers of hydrocarbons. Non-compliance—depending on its severity—may lead to the cancellation of a vessel’s Panamanian registration. The regulation requires all Panamanian-flagged oil tankers with a gross tonnage of 150 or more to […]
Continue ReadingIn the ever-volatile world of energy, the oil and gas sector is facing a paradoxical challenge: rig counts remain stubbornly low, hovering near three-year lows, even as global demand continues to push boundaries. As of August 2025, the global rig count stands at approximately 1,633 active rigs, a figure that reflects ongoing caution among producers […]
Continue ReadingNorwegian authorities will require foreign-flagged tankers operating within the country’s economic zone to disclose their insurance arrangements starting August 11. The new rule, announced by Norway’s coastal administration, is part of a broader push to enhance maritime safety and environmental protection amid mounting concerns over the growing presence of shadow tankers in northern European waters. […]
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