Current Report Oil and gas activity contracts slightly as uncertainty remains elevated What’s New This Quarter Special questions this quarter focus on changes to 2025 drilling plans, the impact of import tariffs on drilling plans and well costs, the expected impact of lower oil prices on oil production and service firm pricing and whether produced […]
Continue ReadingSyria’s oil sector, long crippled by civil war and international sanctions, is showing signs of revival following the dramatic ousting of President Bashar al-Assad in December 2024. The restart of the Banias oil refinery, one of Syria’s largest, marked a significant milestone, with fuel shipments resuming for the first time since the regime change. This […]
Continue ReadingENB Pub Note: This is a fantastic article by friends of the Energy News Beat podcast, Nathan Hammer and Ronald Stein! This is an excellent article that was initially published on America Out Loud News, and we recommend following both Ronald and Nathan. California’s “Green” and “Net Zero” policymakers that wish to “transition away from […]
Continue ReadingCalifornia, often seen as a leader in environmental policy, is facing a paradox that could have far-reaching implications for national security, economic stability, and international relations. The state\’s energy policies, driven by a push for lower carbon emissions, have inadvertently positioned California as a funder of the ongoing conflict between Ukraine and Russia and a […]
Continue ReadingNorwegian energy giant Equinor has struck oil in the Arctic Barents Sea, announcing a significant discovery near its Johan Castberg field, which could bolster reserves at one of Norway’s most promising oilfields. The find, located in exploration well 7720/7-DD-1H (Drivis Tubåen), is estimated to hold between 9 and 15 million barrels of recoverable oil, with […]
Continue ReadingIn a move that has sparked both environmental and energy security debates, California’s state Senate recently introduced a landmark resolution to scrutinize the state’s reliance on crude oil imports from the Amazon, particularly from Ecuador. This decision follows a visit from Indigenous leaders from Ecuador’s Amazon, including Juan Bay, president of the Waorani Nation, Jhajayra […]
Continue ReadingAlberta, Canada’s oil and gas powerhouse, has delivered a stunning fiscal surprise, posting an $8.3 billion (CAD) budget surplus for the 2024-25 fiscal year, far exceeding the modest $355 million projection in its February budget. This windfall, driven by soaring resource royalties, robust oil prices, and record production, underscores Alberta’s pivotal role in Canada’s energy […]
Continue ReadingThe U.S. oil and gas rig count continues its decline, with Baker Hughes reporting a drop of 7 rigs to 547 for the week ending June 27, 2025, the lowest since October 2021. Oil rigs fell by 6 to 432, and gas rigs dropped by 2 to 109, with 5 miscellaneous rigs unchanged. Globally, rig […]
Continue ReadingOn June 27, 2025, President Donald J. Trump took to Truth Social to announce a new chapter in the ongoing saga of U.S.-Canada trade relations, signaling a hardline stance on tariffs. “Canada’s been ripping us off for decades on trade. Their steel, aluminum, and energy exports are killing American jobs. We’re negotiating HARD—25% tariffs stay, […]
Continue ReadingIn a recent opinion piece for The Daily Caller, energy expert David Blackmon highlighted a curious phenomenon: despite Israel’s military actions against Iran starting June 12, 2025, the anticipated oil price spike failed to materialize. Instead, the U.S. West Texas Intermediate (WTI) crude price dropped from $68.04 per barrel on June 12 to $64.50 by […]
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