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Petrodel Resources Ltd., oil and gas reserves development and energy company, has announced its intention to revive its operations in Tanzania. View the full article
Following the recent acquisition of PetroChad Mangara (PCM) by Perenco, PCM announced the successful export of its first barrel to the Chad-Cameroon pipeline. View the full article
Salunda Limited announced an exclusive license agreement with Transocean to make, develop and sell HaloGuard®, the offshore drilling industry’s first safety system that integrates camera and sensor technology with drilling equipment and machine controls. View the full article
The Fram Sør solution will use SLB OneSubsea’s standard subsea tree design, upgraded with a fully electrified power, control and actuation system, while the elimination of high-pressure hydraulic systems will enable operators to go further and deeper, improving production and making even marginal fields more viable. View the full article
the acquisition includes existing low decline average base production of 29,000 – 30,000 boed, externally and independently evaluated proved and probable ("2P") reserves of 473.2 MMboe, and an extensive drilling inventory, including over 700 Tier 1 locations (246 net Montney locations booked in the Sproule Report 2P reserve category). View the full article
The scope includes engineering, procurement, construction, installation and commissioning (EPCIC) for topside modification. The purpose is to prepare the Troll A platform for receiving and processing gas from eight new wells at Troll West. View the full article
Waukesha, an INNIO Group brand, and Nidec Conversion, a business segment of the Nidec Motion & Energy Platform, today announced a technology collaboration that integrates Nidec’s high-efficiency electric motor technology with Waukesha’s engine solutions. View the full article
The Jacob Federal 1-42-73-9H was completed in the Parkman Formation, with a lateral length of 4,563 feet. View the full article
Seadrill Limited announced a new contract has been secured by Sonadrill Holding Ltd, the 50/50 joint venture with an affiliate of Sonangol E.P. View the full article
The Middle East is set to lead capacity growth in the global gas processing industry from planned and announced projects between 2021 and 2025 and account for around 37% to the global gas processing capacity growth by 2025, GlobalData projects. View the full article
Oil jumped amid indications of a rapidly tightening market after a U.S. government report showed a bigger-than-expected decline in crude stockpiles. View the full article
Ugandan President Yoweri Museveni is counting on TotalEnergies SE and CNOOC Ltd. to produce oil from its fields in four years, laying the foundation for a new regional fuel hub. View the full article
Saudi Arabia’s exports soared in October as the world’s biggest oil exporter benefited from higher crude prices. View the full article
The study found that enabling open markets increased oil and natural gas development in America, which, over the six-year period, reduced global oil prices by an average of $1.93 per barrel. View the full article
The American Petroleum Institute (API) and American Fuel & Petrochemical Manufacturers (AFPM) released a statement after a meeting that included Secretary of Energy Jennifer Granholm, senior White House officials and leaders of the top U.S. refining companies. View the full article
TotalEnergies has signed an agreement to sell to The Prax Group its entire interest in West of Shetland assets in the United Kingdom (Laggan, Tormore, Glenlivet, Edradour and Glendronach fields, the onshore Shetland Gas Plant and nearby exploration licenses). View the full article
McDermott will design, procure, fabricate, hook up and commission a platform and jacket. The company will also provide design, installation, and commissioning services for a 32-inch gas pipeline that will connect the platform to a gas processing facility operated by Shell. 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
ADNOC today announced the award of contracts valued at AED720 million ($196.2 million) for local manufacturing of a wide range of products across its value chain. The announcement was made at ADNOC’s Business Partnership Forum which was held on the sidelines of ADIPEC. View the full article
“All of the missiles and drones that came into Saudi are Iranian-manufactured or Iranian-supplied,” Adel Al-Jubeir, minister of state for foreign affairs, said in an interview with Arab News published Friday afternoon. “Several of them, as we’ve said, came from the north; several came from the sea.” View the full article
Pulitzer-prize winner, respected author, and leading energy expert, Dr. Daniel Yergin, is being recognised for his “exceptional contribution to the oil, gas and energy industry” with the highest honor of the World Petroleum Council, the Dewhurst Award. View the full article
Oil fell for a second day after a surprise jump in U.S. gasoline stockpiles tempered signs that the American market has returned to robust health. View the full article
The study states that a lack of maturity in the US offshore wind supply chain currently translates to the need for a rapid expansion in products and services required to deliver projects on time and on budget. View the full article
Signing the pledge, being released at the COP26 climate summit Tuesday, would amount to shared recognition of the problem posed by the potent greenhouse gas — not a “burden” to cut individual emissions, America’s climate envoy John Kerry said. View the full article
APA Corp. and its Chinese partner in an Egyptian oil project will recover almost $900 million in prior investments under a new drilling contract with the North African nation. APA was the day’s best performer in the SandP 500 Index. 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.
