The US oil and gas sector showed signs of resilience this week, with the total active rig count rebounding by 5 to reach 549 as of December 5, 2025, according to the latest data from Baker Hughes. This marks a reversal from the previous week’s decline and signals renewed drilling activity amid stabilizing energy prices. […]
In a significant victory for local landowners, Converse County District Judge F. Scott Peasley has ruled in favor of rancher Mike Stephens, effectively halting a controversial wind lease tied to the Pronghorn H2 green hydrogen project. The decision, issued on December 5, 2025, vacates Wind Lease No. WL-1620, which was approved by the Wyoming State […]
Katy Grimes, Editor in Chief of the California Globe, and Mike Umbro stop by the ENB Podcast. This podcast rolled around because Katy Grimes, the Editor in Chief of the California Globe, wrote a brilliant story, “Has California’s Oil and Gas Industry Hit the Point of No Return?” and in that story, she is pointing out […]
The Golden State’s Fading Oil Legacy California, once a powerhouse in U.S. oil production, is watching its storied industry fade into history. From a peak of 760,000 barrels per day (b/d) in 2000, output has plummeted to just 250,000 b/d in 2025. This decline isn’t just a matter of exhausted wells; it’s the result of […]
ENB Pub Note: This is a fantastic article from Giacomo Prandelli, and Stu Turley will be interviewing him next week on the Energy News Beat podcast. This is going to be a great interview, as The Merchant News Substack is packed with fantastic insights from the global energy markets. On a quiet morning off the […]
ENB Pub Note: This is an excellent article from Andrew Korybko’s Substack newsletter. Stu Turley will be covering this on the next Energy News Beat Stand Up. Turkey has long sought to become a natural gas hub, and it understands that controlling the flow of energy gives it power. Andrew brings out some critical points. […]
Data source: Bloomberg L.P. Note: Data through November 26, 2025. All crack spreads are calculated against the Dated Brent crude oil spot price. Global refinery margins for diesel have widened since late October and increased to their highest level all year, following refinery outages in Russia and in the Middle East and new sanctions on Russia’s crude […]
On a continent rich in untapped hydrocarbon resources, Africa is positioning itself as a prime destination for oil and gas investments amid global energy demand. From legacy producers like Nigeria and Angola to emerging frontiers such as Namibia and Mozambique, African nations are reforming fiscal policies, licensing rounds, and production-sharing agreements to lure international capital. […]
ENB Pub Note: This is another story by David Blackmon, from his Substack. We highly recommend subscribing to his Substack, and we will be covering this on an upcoming podcast. During the latest marathon cabinet meeting on December 2, Energy Secretary Chris Wright made news when he told President Donald Trump that “The biggest determinant […]
In the volatile world of energy markets, where geopolitical tensions and supply chain dynamics can swing prices overnight, the latest data from the U.S. Energy Information Administration (EIA) offers a mixed bag for oil investors. U.S. crude oil inventories have ticked upward in recent weeks, signaling a slight easing of supply tightness—but they’re still lagging […]
