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TotalEnergies and Ørsted have joined forces to jointly submit bids for the two Dutch offshore wind tenders Holland Coast West with the aim to achieve net positive impact on biodiversity and the Dutch energy system. View the full article
(Bloomberg) -- Exxon Mobil Corp. has agreed to sell most of its assets in Argentina’s Vaca Muerta shale patch to Pluspetrol S.A., according to people familiar with the matter. View the full article
The Organization of Petroleum Exporting Countries trimmed estimates for the amount of crude it will need to pump in the second quarter by 690,000 barrels a day, amid a weaker picture for demand and stronger growth in rival supply. View the full article
ConocoPhillips and Diamondback Energy both got a boost from surging natural gas prices in the first quarter, as a February deep freeze in the central U.S. stoked demand for the heating and power-plant fuel. View the full article
Stern warnings from U.S. and European officials suggest the window is closing on nuclear talks with Iran, with frustration boiling over after two weeks of negotiations marred by allegations of Iranian backsliding. View the full article
GPA Midstream Association, an organization representing America’s midstream energy industry, announced that Kevin Broom has been named Vice President of Communications. View the full article
Mubadala Energy confirmed the discovery of a good quality gas reservoir penetrated by the Cengkih-1 exploration well in Block SK320, off the coast of Sarawak province, offshore Malaysia. View the full article
The American Petroleum Institute (API) released a statement from Executive Vice President and Chief Advocacy Officer Amanda Eversole applauding the U.S. House of Representatives for protecting American consumers by passing a resolution to prevent EPA’s light- and medium-duty tailpipe emissions rule from being implemented. View the full article
Panoro Energy has announced that following the provisional award of a 25% participating interest in two exploration blocks offshore shallow water Gabon, final terms have been agreed with the government of Gabon for production sharing contracts (PSCs) covering the two blocks. View the full article
Chinese imports of Iranian crude will hit 856,000 barrels a day in March, the most in almost two years and up 129% from last month, said Kevin Wright, a Singapore-based analyst with Kpler. View the full article
A high-stakes game of oil diplomacy pits Saudi Arabia against long-time ally Abu Dhabi. And the result of their fight will shape not just the price of oil for the next year, but the future of the global energy industry. View the full article
The oil market flashed its biggest bearish signal in months on Tuesday, indicating oversupply could be on the horizon through the first quarter of 2022. View the full article
ASCO mobilized two radiation safety officers (RSOs) as well as NORM (Naturally Occurring Radioactive Material) and mercury monitoring and analysis equipment to the OMSB site. The RSOs delivered on-site training for NORM awareness, and monitoring for various hazards such as benzene, H2S (hydrogen sulphide) with a particular focus on NORM and mercury. View the full article
The crew is operating with an 80,000-channel 508XT land acquisition system, with QuietSeis digital sensors and ten Nomad 90 Neo broadband vibrators in challenging desert terrain. View the full article
The world’s largest independent oil trader expects crude’s rally to continue on the assumption any OPEC+ output hikes will fail to keep pace with growth in demand. View the full article
Saudi Aramco said oil-output capacity across the world is dropping quickly as the kingdom opened the fifth edition of its flagship investment conference Tuesday in Riyadh. View the full article
President Joe Biden will leave the Middle East this week with no announcements on increasing oil supply before a scheduled meeting of producers next month, people familiar with the matter said. View the full article
As global supply chains become more interconnected and volatile, adopting digital solutions are no longer a luxury, they are a necessity. This article examines how digitalization improves supply chain management in the oil and gas industry, highlighting a case study where Fluor was able to effectively track 2 MM materials, prevent disruptions and increase supply chain visibility. View the full article
ADNOC Drilling announced a significant increase in third quarter 2024 revenue, driven by the company's expansion of onshore and offshore fleets, OFS expansion and joint-venture contributions. View the full article
The oil demand picture remains uneven across various regions, with Indian fuel sales falling in February amid higher pump prices, while demand is climbing in America and the UK. View the full article
Saudi Aramco said oil-output capacity across the world is dropping quickly as the kingdom opened the fifth edition of its flagship investment conference Tuesday in Riyadh. View the full article
Billionaire oil wildcatter Harold Hamm is donating $50 million for a new research center at Oklahoma State University focused on “securing America’s energy future,” a move that comes as the industry debates how to transition to cleaner fuels. View the full article
The government’s decision to release the results of its "Climate Compatibility Checkpoint" consultation on new oil and gas projects will boost UK energy security while minimizing greenhouse gas emissions, Offshore Energies UK said. View the full article
Survival technology leader Survitec today announced it has acquired Hansen Protection, a leading European provider of personal protective equipment. The transaction reinforces Survitec as a leader for survival technology across the maritime, defense and government, energy, and aerospace markets. View the full article
The Arab Petroleum Investments Corp. has appointed Khalid bin Ali Al-Ruwaigh as its new CEO, taking over from Dr. Ahmed Ali Attiga who led the organization over the past five years, during which APICORP successfully navigated an ever-changing business and energy landscape. 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.