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Wood has secured a six-year contract to provide brownfield engineering, procurement, and construction management (EPCm) solutions for Shell’s Prelude Floating Liquified Natural Gas (FLNG) facility in Western Australia. View the full article
Mexico’s President-elect Claudia Sheinbaum appointed energy economist Victor Rodriguez Padilla to lead state-owned oil driller and refiner Petroleos Mexicanos as her administration looks to revive the company’s flagging production and trim its nearly $100 billion debt burden. View the full article
The Kintore-based company’s first ever scope of work in Canada has involved the supply of three subsea battery-powered control systems to maintain integrity of the subsea electrical infrastructure when topside electrical power is unavailable. View the full article
Harris twice invoked the surge in U.S. crude and natural gas production in the televised proceedings — a striking embrace of the nation’s fossil fuel output for a candidate who more often touts her green credentials and history of attacking the oil and gas industry as California’s top prosecutor. View the full article
Diamondback, one of the largest independent operators in the oil-rich Permian basin of West Texas and New Mexico, expects to pumps as much as 276,000 bpd this year, up from an earlier top-end forecast of 275,000 bpd, according to a statement released Monday. View the full article
Halliburton will provide a wide range of services to include fluids, completion equipment, wireline, slickline, flowback services, and coiled tubing, integrating and coordinating these services through Halliburton’s project management service line to ensure efficient and effective execution. View the full article
Barclays CEO CS Venkatakrishnan joins a growing chorus of Wall Street CEOs from Citigroup Inc.’s Jane Fraser to JPMorgan Chase & Co.’s Jamie Dimon and Goldman Sachs Group Inc.’s David Solomon, who have all cautioned that a complete withdrawal from oil and gas comes with unacceptable energy security risks. View the full article
The recent Central Atlantic wind lease sale has generated nearly $93 million for two lease blocks. This sale, covering areas off Maryland, Delaware, and Virginia, demonstrates significant growth in the U.S. offshore wind sector. View the full article
Autry Stephens, the petroleum engineer raised on a Texas peanut and watermelon farm who became the richest U.S. oilman, has died. He was 86. View the full article
About 500,000 bpd of marketable oil sands production could be within 10 km (6.2 miles) of an out-of-control blaze, Rystad Energy said in a report Thursday. That’s equal to roughly 10% of the total oil production in the province. As much as 1.2 MMbpd could be within 20 km. View the full article
The combined company will boast the biggest selection of latest-model drillships that carry a pair of so-called blowout preventers, a key safety item for drilling in water more than two miles deep. View the full article
The addition will mean Vista has two fracking crews and related equipment in operation. The company is aiming to raise production 55% to the equivalent of 85,000 bpd by the fourth quarter, and start production on 138 new oil wells by 2026 in an effort to reach 100,000 bpd. View the full article
Canada’s new green technology fund is putting as much as $100 million into a carbon-capture firm that’s backed by Chevron Corp. to help it commercialize its technology. View the full article
Technip Energies and SBM Offshore announced the formal implementation of Ekwil, a 50/50 floating offshore wind joint-venture. Ekwil is a pure player delivery partner offering a diversified range of ‘series production’ floating offshore wind solutions to meet the growing and demanding needs of energy customers around the world.
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The U.S. has imposed sanctions on seven liquefied natural gas carriers linked to Russia, including vessels believed to have loaded at its newest export facility in the Arctic region. View the full article
Despite Aramco’s profit falling in the second quarter due to OPEC+ constraints on the company’s output, Nasser painted a picture of healthy and growing demand. Oil use is set to rise by 1.6 MMbpd to 2 MMbpd this year. That will continue into 2025 when Nasser sees global oil consumption “north of 106 MMbpd.” View the full article
Aramco and Sempra have executed a non-binding Heads of Agreement (HoA) for a 20-year sale and purchase agreement (SPA) for liquefied natural gas (LNG) offtake of 5.0 million tonnes per annum (MMtpa) from the Port Arthur LNG Phase 2 expansion project. View the full article
The campaign was conducted by the Petrodec HAEVA rig and has delivered sustained production gains of around +5 MMcfd, in line with expectations. The planned scope was completed ahead of schedule and within budget, confirming the technical and commercial success of the project. View the full article
The Biden administration wants more money to purchase oil as it seeks to expand its efforts to refill the depleted U.S. emergency cache. View the full article
Despite unprecedented energy challenges, 68% of oil and gas industry leaders express optimism for sector growth in the coming year. This confidence, revealed in a survey by DNV, underscores the sector's resilience as it balances immediate demands with long-term environmental responsibilities. View the full article
To tap some of these new consumers, parent company ADNOC is building a new plant at Ruwais that will more than double the UAE’s LNG export capacity when it starts operating in 2028. Oman and Qatar are also expanding their LNG production facilities. View the full article
The newly named Seatrium New Energy Laboratory will continue to drive innovation, focusing on addressing challenges related to new energies, offshore renewables, marine decarbonization, and digitalization within the Offshore & Marine (O&M) industry. View the full article
Manatee is slated to start production in 2027. Once online, Manatee is expected to reach peak production of approximately 104,000 boed. View the full article
Colombian driller EcoPetrol could end up acquiring an even larger stake, up to 49%, in the assets Occidental agreed to buy from CrownRock LP for $12 billion in late 2023. This option expires in August, according to a filing. View the full article
Slim has consistently ramped up his investments in Talos and US refiner PBF Energy Inc. over the past year in a sign that the 84-year-old billionaire sees plenty of upside in the oil and gas industry. In his native Mexico, Slim has partnered with Talos to explore one of the country’s most promising new discoveries in decades. 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.