The US Department of the Interior has introduced a new policy which will see increased pressure differential during downhole commingling boost offshore oil output in the Gulf of Mexico. The Bureau of Safety and Environmental Enforcement implemented new parameters for downhole commingling in the Paleogene (Wilcox) reservoirs, expanding the allowable pressure differential from 200 psi […]
Continue ReadingENB Pub Note: Earlier this week, I published: \”Bill looking to permanently ban oil and gas activities off California\” on the Energy News Beat Substack. And it was pointing out that the energy policies in California are an absolute travesty. I have a podcast scheduled to record next week with Mike Umbro and Ronald Stein, […]
Continue ReadingWhile examining the headlines of other publications, it is interesting to consider the potential impact of the 1-2 million barrels per day returning to the market after the sanction removal. I have a different perspective on the topic. Subscribers to the Energy News Beat Substack or podcast have likely heard me say that OPEC+ has […]
Continue ReadingENB Pub Note: This article from Rystad Energy is essential as it discusses the oil and gas operators in the MENA region. These points highlight some critical benefits of the trade wars for Saudi Aramco, Iran, and other producers in the area. What this does not cover is the importance that the tariffs are impacting […]
Continue ReadingThe oil dispute between Baghdad and the Kurdistan Region of Iraq (KRI) is fundamentally about sovereignty, not oil. Iraq’s Federal Supreme Court and the proposed Unified Oil Law have cemented Baghdad’s control over oil revenues, ending the KRI’s ability to export independently. Turkey’s new pipeline plans, bypassing Kurdistan, aligned with China’s Belt and Road Initiative, […]
Continue ReadingOil giant BP, which holds its annual general meeting on Thursday, has recently sought to resolve something of an identity crisis by launching a fundamental reset. Britain’s Shell and U.S. oil giants Exxon Mobil and Chevron have been touted as possible suitors. “I wouldn’t take anything off on the table. You know, oil and gas […]
Continue ReadingENB Pub Note: Interesting update from Alexandra Sharp from the Foreign Policy. Just some updates to the article: Yemen’s oil production has significantly declined due to ongoing conflict and infrastructure challenges. As of December 2022, Yemen produced approximately 49,000 barrels per day (bpd) of crude oil, according to CEIC Data. This is a sharp drop […]
Continue ReadingENB Pub Note: Mike Umbro, a great guest on the Energy News Beat Podcast, was mentioned in the article, and his cover picture. He truly has the right ideas for California, unlike the current political leadership. The oil and gas business has been decimated in California by design. They want you to walk and not […]
Continue ReadingENB Pub Note: While I do believe we may be at peak production in one basin, here is a new quote for you: \”A country\’s energy output is not defined by one basin.\” There are new developments, new technologies, and areas to drill or produce. So the United States has not hit peak production yet, […]
Continue ReadingENB Pub Note: Excellent article from Tsvetana Paraskova for Oilprice.com. This brings up a talking point that I have been tracking. When the U.S. or other countries need extra money, they just print it, and when countries in OPEC+ that do not have access to print additional revenue, they just drill for oil and gas. […]
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