← Go back to All Blogs
(WO) — The National Petroleum Corp. of Namibia aims to triple its stake in future oil and gas projects to 30% as the southern African nation is set for a surge in activity following multiple offshore discoveries. View the full article
This year, KOC proudly celebrates its 90th anniversary. Over nine decades, it has reached numerous milestones, establishing itself at the forefront of the global oil and gas industry, a position it has sustained across generations. View the full article
Futures in London earlier surged above $71 a barrel, the highest since January 2020, before retreating to trade little changed. The assault on a storage tank farm at Ras Tanura on Sunday was intercepted, Saudi Arabia said, and oil output appeared to be unaffected. View the full article
Exxon Mobil Corp. and Chevron Corp. added momentum to a nascent recovery in the U.S. oil industry as they reported bumper cash flow, a dramatic improvement after a torrid 2020. View the full article
Shell, already the operator of the field, has right of first refusal to any sale by BP. As such, its decision to acquire the stake puts an end to BP’s deal to divest the holding to Tailwind Energy Ltd., an explorer backed by trading house Mercuria Energy Group Ltd. View the full article
Taqa wants to divest itself of at least 17 fields plus stakes in the Sullom Voe shipping terminal, and the Brent and SAGE pipelines in the UK In a separate sales process, it is offering 32 Dutch oil and gas licenses, of which five are directly operated by the company. View the full article
The U.S. shouldn’t ban the export of crude oil, a bipartisan group of House lawmakers said in a letter to President Joe Biden. View the full article
Responding to the Queens’s speech, Offshore Energies UK said the proposed Energy Bill must create the predictability needed to attract the long-term investment crucial to boosting the nation’s energy security. View the full article
Suncor Energy Inc.’s chief executive officer stepped down on Friday after a series of fatalities at the company’s oil sands sites shook confidence in its management. View the full article
Using Sonardyne’s proprietary optical and acoustic communications technologies, and drawing on its extensive experience of seabed monitoring, OD OBN expects to provide a versatile, lower cost, more resilient solution for time-lapse seismic and subsidence monitoring of producing reservoirs with better data and the capacity to be placed on the ocean floor for up to five years without human intervention. View the full article
Occidental Petroleum Corp. and Ecopetrol SA are gearing up to plumb the depths of Colombia’s Caribbean waters in search of oil and gas. The plan is to drill the Komodo-1 well before the year is out in seas roughly 3,900 m (close to 13,000 ft) deep. That’s equal to about 10 Empire State Buildings stacked on top of each other and would shatter the current water-depth record holder in Angola. View the full article
Suriname’s state oil company, Staatsolie, has announced plans to issue bonds in 2025 as part of a strategy to finance its participation in the development of offshore Block 58. View the full article
This is the final article in our three-part series exploring the American Petroleum Institute’s (API's) standards development process. In this final article, we turn our attention to the final stages of this process: the approval, publication and ongoing maintenance of a standard. View the full article
A coalition of oil and gas trade associations, representing over 80% of U.S. domestic production, has issued an urgent call to House Speaker Mike Johnson for immediate action on permitting reform before the close of the 118th Congress. View the full article
Oil fell the most in a week as the dollar strengthened and investors shrugged off an attack on the world’s largest crude terminal in Saudi Arabia. View the full article
Six senior executives of Citgo Petroleum Corp. who have been detained by the Venezuelan government since 2017 were transferred from prison to house arrest, according to a person familiar with the matter. View the full article
Physical oil markets are screaming for more supply. Prices are rising in the North Sea, the key region that’s central to the value of many oil transactions, while differentials for Nigerian grades have also made notable gains. View the full article
As the government pushes for a constitutional reform to electricity laws, Finance Minister Ramirez de la O said now “would be a little late” to change overall energy laws that last decade gave private companies access to the Mexican market. View the full article
An oil-data startup backed by Palantir Technologies Inc. co-founder Joe Lonsdale plans to help energy explorers, bankers and investors figure out how much crude and natural gas reserves trapped underground are really worth. View the full article
Royal Dutch Shell Plc shareholders approved the relocation of the company’s headquarters to London from The Netherlands, a move that will help it to boost returns while transitioning to clean energy. View the full article
Noble Corp. and Maersk Drilling offered to divest some of its offshore operation platforms to avoid an in-depth investigation from the U.K.’s antitrust regulator over the $2.6 billion deal, potentially smoothing the way for approval. View the full article
National Ocean Industries Association President Erik Milito said Interior has had 16 months to fulfill its statutory obligation to develop and maintain an offshore oil and gas leasing program and it has failed. View the full article
National Ocean Industries Association President Erik Milito issued a statement after the Bureau of Ocean Energy Management announced the reinstatement of Gulf of Mexico Lease Sale 257, saying it is essential to keep energy flowing from the Gulf of Mexico. View the full article
Supported by TGS' extensive geological database, which includes data from over 425,000 wells and various interpretive products in the Permian basin, this survey offers a comprehensive resource for exploration and development. View the full article
Ovintiv followed Matador Resources Co. in raising full-year production plans at a time when U.S. drillers have been committing to flat or moderate output growth so they can return more cash to investors and expand portfolios of future drilling sites. View the full article
-
entries
3,559 -
comments
178 -
views
1,225,587
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.
