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Greek shipper pleads guilty to smuggling Iranian crude oil and will pay $2.4 million fine

DUBAI, United Arab Emirates (AP) — A Greek shipper has pleaded guilty to a charge over it smuggling sanctioned Iranian crude oil and agreed to pay a $2.4 million fine, U.S. federal court papers seen Thursday by The Associated Press show. Empire Navigation agreed to be...

Biden administration cancels remaining oil and gas leases in Alaska’s Arctic Refuge

JUNEAU, Alaska (AP) — In an aggressive move that angered Republicans, the Biden administration canceled the seven remaining oil and gas leases in Alaska’s Arctic National Wildlife Refuge on Wednesday, overturning sales held in the Trump administration’s...

Texas electrical grid has its holy crap moment as reserves bottom out and frequency drops, resulting in “Energy Emergency Alert 2”

Once more Texans under electrical grid alert due to low wind and high temperatures, except this time things got dicey. Real dicey (Editor’s note: this story was updated several times Wednesday night as more information became available) Despite being one of the...

Brian Zinchuk on John Gormley live: Oil prices are high, but drilling isn’t, and dramatically more nuclear power under consideration

Pipeline Online editor and owner Brian Zinchuk talks to John Gormley on CJME/CKOM regarding oil prices are at the best level since November sedate drilling activity despite higher prices oil price impact on Saskatchewan’s finances electrical grid alerts on Texas...

Despite the best oil prices since November, only 33 drilling rigs are working in Saskatchewan

With oil prices the highest they’ve been since November, 2022, drilling activity in Saskatchewan is not exactly flourishing. According to RiggerTalk.com, which publishes data from the Canadian Association of Energy Contractors, there were 33 rigs working in...
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