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The Noia Oil and Gas Conference 2021 concluded after two highly successful days discussing the recent challenges faced but with a keen focus on creating a successful future for the Newfoundland and Labrador offshore oil and gas industry. View the full article
The competition, managed by the Oil and Gas Authority, is designed to advance the widespread electrification of offshore installations on the UK Continental Shelf, which are powered by gas or diesel. View the full article
The Arctic LNG 2 is located in Gydan, Northern Russia and is one of the world largest LNG projects under construction today with a total capacity of 3 x 6.6 million tons per annum. View the full article
AVEVA, says 85% of industrial businesses plan to increase their investment in digital transformation over the next three years in order to tackle climate change, embrace automation and unlock the performance benefits of advanced technologies. View the full article
Europe’s worst energy crisis in decades could drag deep into the cold months as Russia is unlikely to boost shipments until at least November. View the full article
ChampionX will deliver its range of chemical management services to Vår Energi, which encompasses the deployment of its asset integrity, phase separation, flow assurance and enhanced oil recovery chemical technologies. View the full article
Syncrude Canada Ltd., a light crude producer majority-owned by Suncor Energy Inc., cut September supplies due to a mechanical disruption at its oil sands site, according to a person familiar with the situation. View the full article
Citigroup Inc. more than doubled its Asian and European natural gas forecasts for next quarter and said prices could surge to as high as $100 per million British thermal units in the event of a particularly cold winter. View the full article
Gulf Energy Information (GEI) and its World Oil subsidiary regret to report to our global subscribers/readers that our retired Chairman and President, Robert W. (Bob) Scott passed away on Wednesday morning in Houston at age 93. View the full article
Gulf Energy Information (GEI) and its World Oil subsidiary regret to report to our global subscribers/readers that our retired Chairman and President, Robert W. (Bob) Scott passed away on Wednesday morning in Houston at age 93. View the full article
Oil may surge to $90 a barrel if the approaching winter in the northern hemisphere proves colder than normal, said Jeff Currie, global head of commodities research at Goldman Sachs Group Inc. View the full article
Themed Resilient and ReEnergized, the Noia Oil and Gas Conference 2021 began Tuesday at the St. John’s Convention Centre with a focus on the future, clean technology, and the benefits of local content practices for communities with resource development projects. View the full article
Oil rallied after a U.S. industry report showed another big draw in crude inventories, pointing to a tightening market, and China’s central bank added liquidity to quell concern about a major developer’s debt woes. View the full article
The UK is considering all options to address the energy crisis, but people should prepare for longer-term high prices, Business Secretary Kwasi Kwarteng told a committee of Parliament. View the full article
As the global natural gas crunch hits suppliers and consumers alike, OPEC nations are warning of the knock-on impact for oil markets. View the full article
4Subsea, a leading provider of digital technology and services to the energy and maritime sector, has successfully completed more than 300 measurement campaigns across the North Sea following the launch of its digital twin technology, significantly increasing uptime and mitigating risk during well operations. View the full article
ConocoPhillips’s $9.5 billion deal to buy shale assets from Royal Dutch Shell Plc will boost the amount of carbon the company pumps into the atmosphere. Yet the company says the pact will actually allow it to reach one of its climate goals faster. View the full article
The International Energy Agency called on Russia to supply more natural gas to Europe, saying the energy crunch was an opportunity for the country to show it’s a “reliable supplier.” View the full article
Lagoon Water Midstream has closed on the acquisition of Double Drop Resources, a water management company located in the Permian basin. View the full article
The U.S. Energy Information Administration reported crude oil inventories in Cushing, Oklahoma, totaled 32.9 million barrels (excluding pipeline fill and stocks in transit by water and rail) in the week ending September 10, which is a 42% decrease since the beginning of the year. View the full article
Russia expects oil output next year to be back near its post-Soviet high as OPEC+ eases production curbs. View the full article
Aberdeen-based global well engineering and drilling project management firm Norwell Engineering has won a lucrative contract worth more than $30 million with ONGC, India’s national oil company. View the full article
Aquaterra Energy has signed a partnership with renewable hydrogen producer and supplier Lhyfe and offshore drilling contractor Borr Drilling to develop an innovative concept for offshore green hydrogen production in the North Sea. View the full article
Key Energy Services, Inc. announced the sale of substantially all of its Texas and New Mexico fluid management and saltwater disposal well assets for cash and the assumption by the buyer of the related asset retirement obligations. View the full article
Oil rose after a two-day decline with a selloff in global equities easing and some crude output still shut three weeks after Hurricane Ida hit the U.S. 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.
