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CRC Evans has launched a new digital platform to streamline data management for welding, coating, and inspection for customers in the oil and gas sector. The DATA360 platform will expedite access to production data, improved analytical capabilities and precise data tagging. View the full article
Diversified Energy has reached an agreement to acquire Maverick Natural Resources for $1.275 billion. The acquisition will provide Diversified a new Permian asset base with multiple zones in the Northern Delaware basin, and will have a combined production base of approx. ~1,200 MMcfe/d (~200 Mboe/d). View the full article
Aker Solutions and SLB Capturi have been awarded a contract for the carbon capture and storage solution at Hafslund Celsio's waste-to-energy plant in Oslo, Norway. The contract will deliver a carbon capture plant, a liquefaction system, temporary storage, and loading facility at the waste incineration site. View the full article
Tamboran Resources Corporation and Santos Limited have entered into a non-binding Memorandum of Understanding (MOU) to undertake technical studies relating to a potential Darwin LNG Train 2 expansion in the Beetaloo Basin. View the full article
The African Energy Chamber is calling for the industry to stand against growing opposition from western agencies undermining the economic growth potential presented by Africa’s oil and gas industry. View the full article
The Republic of Congo has set ambitions to increase its production from 270,000 barrels per day (bpd) to 500,000 bpd in 2025, with a panel discussion planned for CEIF 2025 to outline the country's production targets.
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(Bloomberg) – New supplies of liquefied natural gas take time to develop, and significant new capacity will only start kicking in over the coming years, a senior Exxon Mobil Corp. executive said. View the full article
Atlas Energy Solutions has completed the delivery of 100 loads of proppant with its two RoboTrucks, semi-trucks equipped with the Kodiak Driver, Kodiak Robotics’ self-driving system. View the full article
(Bloomberg) – President Donald Trump’s Environmental Protection Agency is considering rescinding California’s permission to tackle climate change through stringent automobile pollution limits, the administration said in a U.S. Supreme Court filing. View the full article
Chevron announced today that its 50 percent owned affiliate Tengizchevroil LLP (TCO) has started oil production at its Future Growth Project (FGP) located at the Tengiz oil field in Kazakhstan. The FGP expansion aims to increase crude oil production by 260,000 bpd at full capacity. View the full article
(Bloomberg) – Chevron has completed an expansion at Kazakhstan’s huge Tengiz oil field, which is expected to pump 1 million bpd by mid-2025. The expansion comes as U.S. President Donald Trump this week said he’ll push OPEC and its allies to lower oil prices. View the full article
(Bloomberg) – Argentina scored its widest annual energy trade surplus in nearly two decades in 2024 thanks to booming oil and gas production in the country’s Vaca Muerta shale patch. It’s forecast to do even better this year. View the full article
VAALCO Energy, Inc. has provided an operational update that included record production and sales volumes for 2024. Vaalco is a Houston-based, independent E&P company with assets across Gabon, Egypt, Cote d’Ivoire, Equatorial Guinea, Nigeria and Canada. View the full article
Ovintiv Inc. today closed the previously announced all cash sale of substantially all its Uinta assets, located in Utah, to FourPoint Resources, LLC, for approximately $2 billion. Selling its Utah assets frees up Ovintiv to focus on the Permian basin. View the full article
Salunda has integrated its Red Zone monitoring solutions on four drilling rigs in Guyana with Intellilift’s proven digital technologies to deliver automated location and control of critical equipment and personnel. View the full article
Golar LNG has announced that the FLNG Gimi received feed gas from the bp-operated FPSO on the Greater Tortue Ahmeyim (GTA) project offshore Mauritania and Senegal. Full commissioning of the FLNG has now commenced. View the full article
SLB Capturi has completed commissioning and is handing over its modular carbon capture plant at Twence’s waste-to-energy facility in Hengelo, Netherlands. The new plant has the capacity to capture up to 100,000 metric tons of CO2 per year. View the full article
Envana has been awarded a grant totaling $5.2 million by the U.S. Department of Energy (DOE) to advance oil and gas methane monitoring and mitigation technologies. The funding is part of the DOE’s Methane Emissions Reduction Program. View the full article
SLB and Star Energy Geothermal, a subsidiary of Indonesia’s largest renewable energy company Barito Renewables, have announced a collaboration agreement to accelerate advanced technologies for geothermal asset development. View the full article
In an exclusive interview with Energy Capital & Power, Pedro Ribeiro shared TotalEnergies strategic plans to enhance field performance, increase production at Waha and Sharara and advance exploration efforts in the Murzuq Basin. View the full article
(Bloomberg) – China’s Cnooc Ltd. said it’ll keep spending flat in 2025, while revising its output targets lower. The country’s biggest offshore oil and gas explorer produced about 720 million barrels of oil equivalent in 2024, according to statement. View the full article
SandboxAQ announced it has signed an agreement with Aramco to collaborate on developing a multi-GPU enabled differentiable computational fluid dynamics solver for application in oil and gas processing facilities. View the full article
KBR has been awarded a contract to support sustainable production of energy resources in Saudi Arabia by contributing to the delivery of Saudi Aramco's Master Expansion Program and increasing gas handling capacity at key regional locations. View the full article
SLB and Star Energy Geothermal, a subsidiary of Indonesia’s largest renewable energy company Barito Renewables, have announced a collaboration agreement to accelerate advanced technologies for geothermal asset development. View the full article
The American Petroleum Institute (API) today announced the launch of the new API Repair and Remanufacture Program. Organizations can become licensed under this program and apply the API Repair and Remanufacture mark to their equipment. 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.
