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Shell Brasil announced the start of production of the Mero-3 FPSO facility in the Mero field, in the pre-salt area of the Santos Basin, offshore Brazil. The FPSO has an operational capacity of 180,000 bopd. View the full article
In the third quarter of 2024, Petrobras recorded an average FUT of 95.2%. This period also saw a significant increase in the processing of pre-salt oil, which made up 73% of the total load in the distillation units. View the full article
Peru’s government can’t find board members to lead its struggling state-owned oil company more than five weeks after its last board resigned. View the full article
(WO) — Transocean Ltd. is in talks to merge with rival offshore drilling contractor Seadrill Ltd., as deepwater drilling work is once again on the rise thanks to steady oil prices and slower production growth from U.S. shale fields. View the full article
(WO) – Linde Engineering has signed an agreement with NEXTCHEM to provide carbon capture technology to ADNOC's Hail and Ghasha project. Located in the UAE, the project is one of the world’s largest offshore sour gas developments and aims to operate with net zero emissions. 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
(WO) — Founded in 1994 with very few resources, the growth and evolution of Norwegian firm ClampOn is not only a great success story, it also serves as a classic textbook example of oil and gas entrepreneurship. View the full article
This is the second in a three-part series exploring the American Petroleum Institute’s (API's) standards development process. World Oil recently spoke with Paula Watkins, API Senior Director of Standards Development, to gain insights into the intricacies of that process, the role of collaboration, and the challenges along the way. 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% as after one of its rival governments halted exports in a fight for control of the central bank. View the full article
The Republic of Congo (ROC) is preparing a new Gas Code to incentivize investment across the natural gas value chain. Concurrently, the country is preparing to launch its Gas Master Plan (GMP), serving as a roadmap for investing in the ROC’s gas sector. View the full article
The U.S. Supreme Court refused for now to halt a Biden administration crackdown on methane emissions from oil wells, tanks and pipelines. View the full article
Phoenix Capital Group has announced significant results from its latest wells in the Bakken shale region, with rapid expansion marking them as a top producer. 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
Mike Sommers, president and CEO of the American Petroleum Institute (API), addressed the New Mexico Oil and Gas Association in Santa Fe today, emphasizing the critical role of U.S. energy security amid rising global tensions. View the full article
Oil prices dropped and concerns over supply chain disruption were eased Tuesday after a report that Israel may avoid targeting Iran’s crude infrastructure. Traders’ focus is now turned back to the International Energy Agency’s expectations of a surplus early next year. View the full article
(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
Former President Donald J. Trump will be President again, come Jan. 20, 2025, after his historic comeback win in the U.S. presidential election of Nov. 5, which extended into the wee hours of Nov. 6. View the full article
OLT Offshore LNG Toscana announced that the extraordinary maintenance activities of the FSRU Toscana terminal have been successfully completed. View the full article
Mermaid Subsea Services (UK) Ltd is pleased to announce that it has successfully completed the first stage of a major North Sea decommissioning contract for Shell U.K. Limited. View the full article
Mermaid Subsea Services (UK) Ltd. has successfully completed the first stage of a major North Sea decommissioning contract for Shell U.K. Limited. View the full article
Russia’s crude shipments rose to the highest in three months, with more oil available for export after the country’s refineries embarked on seasonal maintenance. View the full article
Bowman has won a $1.2 million contract with a leading exploration and production company to provide comprehensive asset management and regulatory compliance tracking services for over 1,000 wells in the Delaware Basin, Texas. View the full article
(WO) — BiSN, the global provider of wel-lok™ sealing solutions, has achieved a significant milestone by reaching 500 commercial deployments of its bismuth-based sealing technology. View the full article
Former President Donald J. Trump will be President again, come Jan. 20, 2025, after his historic comeback win in the U.S. presidential election of Nov. 5. World Oil Editor-in-Chief Kurt Abraham gives his take on what change the election results could bring for the oil and gas industry. View the full article
Lockton, the world’s largest independent insurance broker, has launched a new Offshore Projects Practice. 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.
