RBN’s Daily Energy Blog and Insights sharpen your energy IQ through fundamentals-based analysis that makes sense of North America’s energy market dynamics.
U.S. oil and gas rig count was unchanged at 603 for the week ending October 30 according to Baker Hughes data, its third consecutive week without a change and the fourth straight above 600.
In Western Canada the active gas-directed rig count rose by three to 68 rigs, while the active oil-directed rig count rose for the fifth straight week, gaining two to 152 rigs, for the week ended October 30, according to Baker Hughes data.
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As discussed in their Q3 2026 Earnings call, Expand Energy is building more ways to reach premium gas markets, with its Twin Eagle acquisition and Delfin LNG agreement anchoring that strategy while Western Haynesville remains a longer-term supply option.
Improved operational performance helped BP capitalize on favorable markets in Q3 2026, lifting underlying replacement cost profit, its version of net income, 48% from the previous quarter to a record $8.5 billion, the company said in its earnings presentation October 30.
Valero’s plan to restart LyondellBasell’s former Houston refinery would add 165 Mb/d of light-sweet crude demand on the Gulf Coast by year-end 2027.
Amazon executives doubled down on their spending spree, calling AI a “once in a lifetime opportunity” as they discussed the tech giant’s 3Q 2026 earnings.
Pemex has been mired in debt and plagued by setbacks for many years now, but a JV with Woodside Energy may signal the beginning of a turnaround. The 100-Mb/d Trion project, Pemex’s first ultra-deepwater development, is proceeding on schedule and budget and is slated to deliver its first oil in 2028.
Hydrogen Billboard tracks the latest developments in the domestic and global hydrogen markets, filtering through the noise with an unbiased lens to deliver impactful hydrogen infrastructure and market analysis.
EQT didn't have their schedules earnings call this week, but they released the earnings presentation which shows high global exposure and optimism for Appalachian gas usage both within and outside the basin.
Three themes from Enterprise Products Partners’ Q3 2026 earnings call on Thursday stood out: an upward revision to its Permian natural gas and NGL production forecast, the approaching completion of a major LPG export expansion, and a farewell from Co-CEO Jim Teague on his final earnings call before retirement.
Alphabet and Microsoft both reported their highest ever quarterly spending for the three months ending September 30, and neither is hitting the brakes.
The two tech giants held earnings calls on Wednesday, October 28, and the ramp-up of data center spending was a common thread.
