New Zealand has reopened for oil and gas exploration, ready to receive applications for exploration projects after a seven-year pause, following the lifting of a ban on such activity installed by the previous government. The country’s government will also accelerate the project approval process in a bid to enhance New Zealand’s energy security, local media […]
Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), September 2025 Note: Total distillate inventories include distillate fuel oil, renewable diesel, and biodiesel inventories. In our September Short-Term Energy Outlook, we forecast U.S. total distillate inventories to end 2025 and 2026 at lower levels than previous years because of significant inventory draws in 2025, strong export demand, and domestic […]
Daily Standup Top Stories Is China’s Debt Bomb About to Explode, and What Is the Impact on Global Markets? September 23, 2025 Clark Savage In a stark admission during a September 2025 press conference, China’s Finance Minister revealed that “every penny we spend is borrowed,” highlighting the precarious state of the nation’s finances. This confession has […]
ENB Pub Note: This is from Andrew Korybko’s Newsletter on Substack, and he is spot on. Zelensky is playing Trump. Even worse, it would be all because of Zelensky’s lust for money and power, not any legitimate reason. Trump’s flip-flop on Ukraine was explained here as being partially due to him responding to the whispers of warmongers […]
In a stunning reversal that has sent shockwaves through global energy markets and geopolitical circles, former President Donald Trump appears to have abandoned his previous calls for a negotiated peace in Ukraine. After a recent meeting with Ukrainian President Volodymyr Zelensky, Trump declared on social media that he considers Ukraine “in a position to fight […]
Global oil and gas majors are increasingly focusing on frontier regions and technically challenging areas to find new conventional oil and gas, driven by shrinking reserves and rising demand. Companies like ExxonMobil, TotalEnergies, Chevron, BP, and Eni are actively acquiring exploration rights and investing in new drilling projects in diverse, high-potential areas, despite varying strategies. […]
ENB Pub Note: As I wrote the other day, “Where’s the Glut like the old commercial Where’s the Beef”, Irina Slav from Oilprice.com brings up some supporting points. And referring to China, that is the wild card. I wrote: Is China’s Debt Bomb About to Explode, and What Is the Impact on Global Markets?” j […]
In a significant development for regional energy cooperation, Chevron Corporation, the operator of Israel’s Leviathan gas field, has secured approval and finalized agreements to construct a new natural gas pipeline to Egypt. This move is poised to bolster Egypt’s energy security amid its ongoing crisis, while enhancing Israel’s role as a key gas exporter in […]
Seatrium Singapore shipyard group Seatrium has sold its AmMFELS yard located at Brownsville, Texas, for a consideration of S$65m ($50.6m) to Karpower Valley, a related party of Karpowership. Seatrium stated that the accretive divestment would allow the company to enhance capital and operational efficiencies while unlocking value from one of its surplus facilities. Following the […]
In a surprising turn of events amid ongoing geopolitical tensions, ExxonMobil has taken a bold step toward reclaiming billions in losses from its forced exit from Russia’s Sakhalin-1 oil project. According to recent reports, the U.S. energy giant signed a non-binding agreement with Russia’s state-owned Rosneft in late August or early September 2025, paving the […]
