The U.S. energy sector is navigating a paradoxical landscape: rig counts are declining, yet crude oil and liquefied natural gas (LNG) production continue to climb. This trend, driven by improved drilling efficiencies and strategic focus on high-yield basins, underscores the resilience of U.S. energy output despite reduced drilling activity. Below, we dive into the latest […]
Continue ReadingSaudi Arabia, the world’s oil titan, is leveraging its vast petroleum wealth to fuel an ambitious pivot toward artificial intelligence (AI) and technological innovation. As part of its Vision 2030 initiative, the Kingdom aims to diversify its economy, reduce oil dependency, and position itself as a global AI powerhouse. This transformation hinges on massive investments […]
Continue ReadingAs we work on our day jobs of evaluating oil and gas wells and leases to determine whether they are a good investment or should be passed, I wanted to share some basic information as a backdrop to Texas oil and gas. I do not provide investment advice, but I am more than willing to […]
Continue ReadingDaily Standup Top Stories Norway’s Oil Fund to Buy Stakes in Offshore Wind for $1.5 Billion March 31, 2025 Clark Savage The world’s biggest sovereign wealth fund, Norway’s $1.8 trillion oil fund, will buy 49% in two offshore wind farm developments of RWE for a total of $1.5 billion (1.4 billion euros), the fund’s manager, Norges […] […]
Continue ReadingDaily Standup Top Stories Chevron Out, Black Market In? The Fallout of U.S. Sanctions on Venezuela March 19, 2025 Clark Savage Revoking Chevron’s license in Venezuela could drive oil sales back underground, reducing transparency and benefiting corrupt intermediaries. Sanctions on Venezuela have had mixed effects. Removing licenses may disrupt Venezuela’s foreign exchange market and private sector. […] […]
Continue ReadingDaily Standup Top Stories EPA Unleashes 31 Actions To Overturn Biden- and Obama-Era Regulations, Boost American Power March 14, 2025 Stu Turley The EPA is reconsidering various regulations on power plants, oil and gas facilities, and coal plants to jumpstart growth and unleash American energy. The Environmental Protection Agency (EPA) announced Wednesday that it is introducing […]
Continue ReadingThe total number of active drilling rigs for oil and gas in the United States held steady this week, according to new data that Baker Hughes published on Friday, following a 1-rig decrease in the week prior. The total rig count in the US stayed at 592 rigs, according to Baker Hughes, down 37 from […]
Continue ReadingWeekly Daily Standup Top Stories Trump’s Energy Czar Has Plan to ‘Map, Baby, Map’ US Oil Bounty February 23, 2025 Clark Savage Burgum suggests stronger USGS role to analyze the potential Says US public lands hold natural resources worth trillions Interior Secretary Doug Burgum touted a plan for mapping deposits of oil, gas and critical minerals on US […]
Continue ReadingWeekly Daily Standup Top Stories The End of Coal Is Nowhere In Sight February 17, 2025 Clark Savage Retirement of coal-fired power plants in the West has done nothing to reverse global coal demand. Global coal consumption is set to remain at these high levels—or even hit new all-time highs—for a few more […] ‘BRICS is dead’ […]
Continue ReadingDaily Standup Top Stories Are President Trump\’s Tariffs A Good Thing? And how does LNG play into his plan? by Stu Turley Read on Substack Moscow calls for joint Russia-US projects in the Arctic February 18, 2025 Mariel Alumit The head of the Russian sovereign wealth fund has called for revival of economic cooperation between Moscow […]
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