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American operator Zion Oil and Gas continues to be optimistic about a wildcat well it has drilled onshore Israel. View the full article
After opening the well, Zion will implement cutting-edge technologies and innovative stimulation techniques on the MJ-01 well to potentially unlock oil and gas flows in both previously and newly identified zones of interest. View the full article
Zephyr Energy plc has released initial results from the State 36-2R well at its Paradox Basin project in Utah. The early production test shows promising outcomes for the well, which was evaluated at various rates and choke settings. View the full article
Zephyr Energy plc, the Rocky Mountain oil and gas company focused on responsible resource development from carbon-neutral operations, continues to prepare for extended production testing of its successfully drilled and completed State 16-2 LN-CC well. View the full article
The Helmerich & Payne drilling rig is being rigged down and transported off location. Production testing equipment will then be mobilized to site. Testing is expected to commence within two weeks and is expected to take less than ten days to complete. View the full article
Drilling operations have been completed safely and successfully, with the well drilled to a total depth of 10,290 feet (measured depth). Zephyr’s operations team is now preparing to set a production liner across the Cane Creek reservoir section, after which the Helmerich & Payne Rig 257 will rig down and demobilise from the site. View the full article
Over the next two weeks, the well will be flowed and production-tested to more rigorously determine the reservoir pressure, fluid composition, well flow rate and bulk reservoir permeability, and to deliver an early estimate of the overall potential recoverable resources. View the full article
Zephyr Energy, the Rocky Mountain oil and gas company focused on responsible resource development, announced an increase in its operated land position through the acquisition of an additional 1,920 acres in the Paradox Basin, Utah. View the full article
Investors desperate for clues on the outlook for U.S. shale oil production now have one of their first official forecasts for 2023, with the new chief executive officers of Permian Resources Corp. planning a 10% increase to take advantage of elevated crude prices. View the full article
While President Joe Biden has been “jaw-boning” OPEC nations to pump more crude, the rest of the world finds it odd that the leader of the top oil producer isn’t paying more attention to domestic shale, said oil historian Daniel Yergin. View the full article
Yemen’s Iran-backed Houthi rebels are ready for an “honorable peace” but Saudi Arabia must end its attacks and lift its siege, group leader Abdul Malik al-Houthi said on Thursday. View the full article
The Houthis attacked Saudi Aramco sites in the eastern oil terminal of Jubail and the western city of Jeddah with explosive-laden drones on Sunday evening and Monday morning, the group’s Al-Masirah TV reported. View the full article
U.S. President Joe Biden has vowed to end the conflict in Yemen, ceasing sales of offensive weapons to Saudi Arabia, removing the Houthis’ terrorist designation to facilitate the delivery of humanitarian aid, and pushing for a negotiated settlement. View the full article
Energy consultancy Xodus has continued its global expansion with the acquisition of Houston-based data interpretation consultancy Ocean Geo Solutions, adding capabilities in geophysical data processing, interpretation and reporting. View the full article
President Joe Biden’s Jan. 27 executive order entitled Tackling the Climate Crisis at Home and Abroad violates federal law by sidestepping honest debate on whether the “speculative” benefits of the plan outweigh the financial cost to states, Wyoming said in a complaint filed Wednesday in federal court. A similar suit was filed separately by more than a dozen states led by Louisiana. View the full article
President Joe Biden’s effort to tame pump prices by tapping government oil stockpiles could backfire for one simple reason: American gasoline prices more closely track international, rather than U.S., oil benchmarks. View the full article
West Texas Intermediate lost as much as 6.9% to slip under $97 a barrel as Wall Street traded lower and the dollar rose, making commodities priced in the currency more expensive. View the full article
U.S. crude futures fell below $90 a barrel for the first time since February, the month Russia invaded Ukraine. View the full article
A key price spread in the market for West Texas Intermediate crude is signaling that oil traders are bracing for a potential supply crunch just ahead of the busy summer driving season that sparks a demand surge. View the full article
Crude topped $81 a barrel as the global power crunch boosts demand for oil ahead of winter. View the full article
As little as 18 months ago, it would have been unthinkable, but transformation of oil markets post-pandemic is already having ramifications on crude pricing and international trading patterns. View the full article
Oil broke through a months-long trading range as expectations of tightening supplies in the U.S. compounded signs the world’s largest oil-consuming country is in the midst of a robust recovery. View the full article
(WO) — WPC Energy, the World Forum for Energy Transformation, has announced the appointment of Burcu Canci Gunal as Director General (CEO), effective January 1, 2025 View the full article
As deadlines on ambitious green-energy targets draw nearer, the infrastructure and expertise of the fossil fuel industry has a critical role to play in reaching the world’s decarbonization goals. View the full article
Halliburton Co., the oil industry's largest frac services provider, warned that the world is headed into a period of scarcity for oil after seven years of underinvestment following crude’s plummet from $100 a barrel in 2014. View the full article
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About this blog
I started this blog to express what I sense about the highs and lows of the oil realm, while cautiously analysing historical data, taking into account the geo-political development at the time of recording them.
I got into this field, having been a passive observer of fluctuations of crude oil prices and their global consequences for years.
Then, when on the day of Great Oil Crash in April, 2020, I made a decision to make my own blog, with the motto, ‘analysing data that really matters’.
Having come from an academic background in mathematics and physics, I analyse data using my own tools, created with JavaScript and Python, taking my decision on board while making decisions.
