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TotalEnergies has selected IFS Cloud as part of its global asset management strategy. By implementing industrial AI, TotalEnergies can maintain all exploration, production, refining, and chemicals assets on a single platform, IFS stated. View the full article
(Bloomberg) – Chevron Corp. plans to increase oil production by as much as 10% in the Permian Basin this year despite reducing capital spending in the region, said Chief Executive Officer Mike Wirth. View the full article
Crescent Energy Company announced the closing of its acquisition of Central Eagle Ford assets from Ridgemar Energy for upfront consideration of $905 million, consisting of $830 million in cash and 5,454,546 shares. View the full article
Ovintiv has closed its previously announced acquisition of certain Montney assets from Paramount Resources Ltd. The acquisition adds approximately 70 thousand barrels of oil equivalent per day (MBOE/d) of production. View the full article
Baker Hughes has been awarded an order by Tecnicas Reunidas for six gas compression trains and six propane compressors for the third expansion phase of Aramco’s Jafurah gas field, located in Saudi Arabia. View the full article
Aramco Americas has contracted GHGSat to monitor methane based on the success of an earlier pilot program. Abating methane emissions is an important lever for Aramco in its ambition toward net-zero across its wholly owned and operated assets by 2050. View the full article
Elk Range Royalties has announced its acquisition of Newton Financial Corporation, LP, Concord Oil Company, LP, and Mission Oil Company, (Newton/Concord) in a strategic move to expand its footprint across premier oil and gas producing regions in Texas. View the full article
Aker BP has selected Aucotec to provide digital infrastructure for the Yggdrasil development in the Norwegian North Sea. Aucotec's Engineering Base platform will implement Engineering Design Data Management for the Yggdrasil development. View the full article
The Forum Energy Technology (FET) Subsea product line has secured a contract to provide a work class remotely operated vehicle (ROV) system and a Dynacon Launch and Recovery System (LARS) to ACSM, a global maritime survey and ROV services operator. View the full article
Halliburton has been awarded a contract with Petrobras for integrated drilling services across several offshore fields in Brazil. The contract scope includes drilling services for development and exploration wells over a three-year period. View the full article
American Petroleum Institute (API) President and CEO Mike Sommers issued a statement of support on the Senate’s confirmation of former Congressman Lee Zeldin to lead the U.S. Environmental Protection Agency. View the full article
SLB has opened its Africa Performance Center in Luanda, Angola. The center will serve as a collaborative hub for industry stakeholders providing access to innovative solutions across digital, AI, oil and gas and new energy sectors within Angola and Africa. View the full article
Reelwell AS has secured a multi-year contract with Vår Energi ASA to deploy its DualLink powered digital drill pipe technology. The milestone agreement will see the DualLink deployed offshore on the Norwegian Continental Shelf (NCS) for the first time. View the full article
Enverus Intelligence® Research (EIR) has published its summary of Q4 and full-year 2024 upstream M&A activity, reporting $105 billion in U.S. upstream deals closed in 2024, the third highest total tracked by Enverus analysts. View the full article
DEEP Earth Energy Production Corp. (DEEP) has announced a strategic collaboration with SLB to drive the development of Canada's first next-generation geothermal project, located in southeast Saskatchewan. View the full article
(Bloomberg) – Oil edged lower as traders weighed the possible fallout from President Trump’s planned tariffs on major U.S. crude supplier Canada and other countries. The market was also watching reports OPEC will evaluate potential changes to America’s energy policy. View the full article
Cummins and Liberty Energy have announced that the industry’s first natural gas variable speed, large displacement engine to power Liberty’s digiPrime hydraulic fracturing platform will be deployed in the first half of 2025. View the full article
Odfjell Technology, an integrated supplier of well services technology and engineering solutions, has entered into a cooperation agreement with Australia-based R&D Solutions, expanding the company’s presence in Asia Pacific. View the full article
The Sipitang Oil and Gas Industrial Park (SOGIP) is set to officially launch in early February in Sabah, Malaysia. A partnership between Gibson Shipbrokers and SOGDC, the project will generate around 1,600 jobs and support the region's energy demand. View the full article
ADNOC Logistics and Services (ADNOC L&S) has joined with an Abu Dhabi seaglider operator to introduce REGENT seagliders into its fleet. ADNOC L&S will use the all-electric seagliders to transport people to and from offshore oil and gas infrastructure. View the full article
Viridien has won a contract with Petroleum Development Oman (PDO) to provide advanced land seismic imaging services at its dedicated processing center (DPC) in Muscat, Oman, continuing a longstanding partnership between the companies. View the full article
The Sipitang Oil and Gas Industrial Park (SOGIP) is set to officially launch in early February in Sabah, Malaysia. A partnership between Gibson Shipbrokers and SOGDC, the project will generate around 1,600 jobs and support the region's energy demand. View the full article
Coterra Energy has completed its previously announced acquisitions consisting of certain assets of Franklin Mountain Energy and Avant Natural Resources and its affiliates for aggregate consideration of approximately $3.9 billion. View the full article
Flow remediation specialist, Pipetech, has announced the launch of its new Downhole Scale Remediation (DSR) technology, with goals to redefine wellbore cleaning solutions for the global energy sector. View the full article
Chevron and Engine No. 1 have announced a new partnership to develop scalable, reliable power solutions for U.S.-based data centers running on U.S. natural gas. In conjunction with GE Vernova, the partnership aims to establish the first multi gigawatt-scale co-located power plant and data center during President Trump’s second term. 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.
