(By Oil & Gas 360) Part I of II- The Permian Basin and the Montney are often talked about in the same breath, they shouldn’t be. Not because they aren’t comparable, but because they represent two very different models of what modern energy supply looks like. One is built on scale, speed, and global influence. The other is built on depth, longevity, and structural resilience. Together, they tell a bigger
(Oil & Gas 360) By Greg Barnett, MBA – The Corporate Average Fuel Economy, or CAFE, standards were enacted in 1975 in response to a clear and immediate problem: the United States had built an automotive system optimized for size and power at precisely the moment energy security became a national vulnerability. Average passenger vehicles delivered barely 13 miles per
(Oil Price) – Tanker traffic through the Strait of Hormuz has collapsed by 90% to 95% compared to pre-war levels, analysts concur. Some oil cargoes continue to trickle through the critical chokepoint, but under increasingly opaque operating conditions, complicating the tracking of oil and gas flows and obscuring the visibility of how much energy supply actually reaches buyers these days. Traffic
(BOE Report) – Yemen’s Iran-aligned Houthis said on Monday that they would ban ships linked to Israel from the Red Sea after Israel renewed its military attacks on Iran, adding to concerns about global shipping and energy flows. This is why it matters and what it means for the Iran war and the global energy crisis: HOW BIG IS THE
This week’s Baker Hughes Rig Count shows that the U.S. increased by 6 last week, resulting in a total count of 563 rigs. Canada increased by 7 over last week, resulting in a total Canadian count of 169 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Granite Wash and Permian regions experienced an increase this week.
(Oil Price) – Despite the Trump administration’s pivot away from renewable energies, solar continues to dominate new energy additions in the United States. Newly released data from the Federal Energy Regulatory Commission (FERC) shows that at the close of last year, solar energy additions were the single largest form of new energy capacity installations for the 28th straight month, starting in September
(World Oil) – The Railroad Commission of Texas (RRC) assessed more than $1.1 million in enforcement penalties against operators and businesses during its latest open meeting, continuing the agency’s oversight of the state’s oil and gas industry and intrastate pipeline systems. Commissioners approved a total of $1,111,897 in fines through a combination of default and agreed orders. Default orders, issued to operators
(Investing) – LONDON – Oil prices pared gains on Monday, after rising more than 5% earlier in the session, following an announcement from Iran’s military that a wave of attacks on Israel was over. However, Iran warned of harsher attacks if Israel continues strikes on Lebanon. Brent crude futures were up $1.43, or 1.5% at $94.52 a barrel as of 1304 GMT,
