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The RRC has new proposed rules for public comment to administer legislation in the geothermal energy front in Texas, specifically addressing shallow closed-loop geothermal systems, including the associated injection wells, which are used to heat or cool buildings without conversion to electricity. View the full article
OPEC+ made no changes to plans to start gradually reviving oil production towards the end of the year, despite signs of an impending surplus. View the full article
The FEED contract scope of work includes the modular design of a greenfield LNG production facility in Afungi, all associated gas pre-treatment units and the utilities and offsite systems to support the LNG production. The plant will have an overall production capacity of 18 million tons per annum. The scope of work also includes the engineering, procurement and construction proposal. View the full article
Libya has resumed oil production, restoring hundreds of thousands of barrels a day to global markets after an embargo was lifted by the country's eastern government. The move follows an easing of a political standoff that had sharply reduced output from the OPEC member. View the full article
Leading oil-and-gas multinational ExxonMobil is progressing several energy initiatives on the African continent, consolidating its status as one of the drivers of the industry on the continent. View the full article
Oilfield-service costs for U.S. shale drillers are expected to rebound in 2025, clawing back some of this year’s drop, as explorers expand the hunt for natural gas and extend sideways wells, according to industry consultant Enverus. View the full article
Output from the Organization of Petroleum Exporting Countries slumped by 480,000 bpd in September, according to a Bloomberg survey. Libyan production plunged by 38% after one of its rival governments halted exports in a fight for control of the central bank. View the full article
The RRC has new proposed rules for public comment to administer legislation in the geothermal energy front in Texas, specifically addressing shallow closed-loop geothermal systems, including the associated injection wells, which are used to heat or cool buildings without conversion to electricity. View the full article
Matterhorn Express Pipeline has begun transporting natural gas into Williams Cos.’s Transco pipeline, a long-awaited addition to midstream infrastructure serving the Permian basin. View the full article
Nigeria hopes to attract as much as $10 billion of new investments in deep-water gas exploration through tax breaks and other measures proposed in a new policy framework for the industry, according to a government official. View the full article
Nigeria hopes to attract as much as $10 billion in new investments for deepwater gas exploration through tax breaks and other measures proposed in a new policy framework for the industry, according to a government official. View the full article
TotalEnergies announced FID for the GranMorgu project, which will develop the Sapakara and Krabdagu oil discoveries, on which a successful exploration and appraisal campaign was completed in 2023. View the full article
Malaysia is expanding oil and gas exploration in the disputed South China Sea despite pressure from Chinese vessels that have maintained a constant presence in waters where both sides have overlapping claims, according to a new report. View the full article
1PointFive, a subsidiary of Occidental, has secured $36 million in funding from the U.S. Department of Energy (DOE) to develop two carbon sequestration hubs in Texas and Louisiana. View the full article
Axis Energy Services LLC and Brigade Energy Services LLC jointly announced the closing of an agreement to merge and form the nation's largest well servicing company. View the full article
OtterBusiness announced the newest product for use in hazardous environments: the OtterBox Wireless Power Bank with MagSafe, compatible with the Defender Series Division 2 iPhone case line. View the full article
Lockton, the world’s largest independent insurance broker, has launched a new Offshore Projects Practice. View the full article
Petrobras has confirmed a significant gas discovery in Colombia's Guajira offshore basin, estimating the potential reserves at around 6 trillion cubic feet. View the full article
Safetec Nordic AS has been sold to TÜV Rheinland. Safetec’s operations will complement the existing risk, safety and integrity management services provided by TÜV Rheinland and will be integrated into its Industrial Services & Cybersecurity business. View the full article
AGR has been awarded a long-term frame agreement by Equinor to provide subsurface and field development support related to project developments of Equinor’s facilities, offshore installations and onshore plants. View the full article
IDEC Corporation has updated its SmartAXIS touch family with the new FT1J Series combined PLC+HMI, building on the success of the FT1A-C and -M Series 3.8” PLC+HMIs View the full article
Viper Energy, Inc., a subsidiary of Diamondback Energy, Inc., today announced that it completed the previously announced acquisition of certain mineral and royalty interest-owning subsidiaries of Tumbleweed Royalty IV, LLC. View the full article
Neo Oiltools, a creator of drilling performance tools for the oil and gas industry, announced today that Saja Energy, a Saudi Arabia-based provider of world-class energy sector products and services, is the official distributor of the neotork Vibration Management Tool in the Kingdom of Saudi Arabia. View the full article
Russia’s own data show its crude production in September fell just below its monthly target under the OPEC+ deal, according to people familiar with figures from the country’s Energy Ministry. View the full article
After a history of ad hoc changes, the UK government must implement a more predictable tax regime that provides greater long-term stability to the North Sea oil and gas sector, as soon as possible, according to new analysis by Wood Mackenzie. 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.
