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The agreement formalizes a closer working partnership between the two businesses, following the formation of a strategic alliance in 2019 when Hunting and Jindal began cooperating to develop their presence in the rapid growth OCTG market in India. View the full article
Invictus Energy is currently planning its maiden drilling campaign in the Cabora Bassa Basin in Zimbabwe which is estimated to commence in July, said Scott Macmillan, Managing Director of Invictus Energy. View the full article
The search for carbon storage sites, wind farm locations and potential hydrocarbon fields has received a significant boost as more than 132 terabytes of seismic data has been uploaded on to the National Data Repository. View the full article
These studies provide an accurate, unique, and independent assessment of carbon storage opportunities coupled with a desktop-ready database required for informed and rapid decision making. View the full article
The 6-3 decision, which came in a fight over a fishing-industry regulation, is a long-sought triumph for opponents of big government. The court overturned Chevron v. Natural Resources Defense Council, a 1984 ruling that Democratic administrations had used as a legal building block for new regulations. View the full article
Inclusion in MSCI indexes provides greater visibility among global investors and increases the credibility of the stock in financial markets. Inclusion of the ADNOC Drilling stock is expected to boost liquidity, given the expected passive inflows as well as potential appetite from active institutional investors tracking MSCI indexes. View the full article
ADNOC Drilling Company announced today the creation of the Turnwell joint venture with SLB and PattersonUTI and the acceleration of its 144 unconventional oil and gas well program, following the successful and efficient delivery of the first wells in the campaign. View the full article
Camilla Salthe, Equinor’s Senior Vice President of Exploration & Production International UK is the latest industry leader to join the Board at Offshore Energies U.K. (OEUK) as the sector focuses on delivering homegrown, cleaner energies to the U.K. View the full article
Even as problems with Europe’s vaccine program and a slowdown in Chinese crude buying sent futures down more than 7% on Thursday, data from around the world showed a steady, albeit patchy, recovery in demand. View the full article
Pulitzer-prize winner, respected author, and leading energy expert, Dr. Daniel Yergin, is being recognized 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
The International Energy Agency, the U.S. Energy Information Administration and the Organization of Petroleum Exporting Countries all say that global oil demand will continue to recover through to at least the end of next year. But there is some disagreement on the paths it will take to get there. View the full article
FPSO Sepetiba will be deployed at the Mero field in the Santos Basin offshore Brazil, 180 kilometers offshore Rio de Janeiro. View the full article
The American Petroleum Institute, which oil companies were pressured to disassociate themselves with by the U.S. House Oversight and Reform Committee last week, came out in support of Biden’s new methane regulations proposed at the COP26 meeting in Glasgow, Scotland. View the full article
Royal Dutch Shell Plc has been ordered by a South African court to temporarily halt an offshore seismic survey after local communities took legal action to block the project. View the full article
The American Petroleum Institute filed reply comments to FERC continuing to express concerns that the commission’s two revised policy statements would chill investment in critical natural gas infrastructure. View the full article
An oil pipeline capable of hauling 180,000 barrels a day across Nigeria has ceased transporting crude since mid-June due to theft, according to a person familiar with the information. View the full article
Hungary is one of the EU nations most reliant on Russia for energy, and has seen the cost of oil and gas imports soar to an estimated $19 billion this year from $4 billion in 2019, according to government data. View the full article
The probe is being led by Budget Committee Chairman Sheldon Whitehouse, a known industry foe. He has requested documents from 18 oil companies — including Exxon Mobil Corp., BP PLC, and Chevron Corp. — on so-called allegations that evidence suggests the oil and gas industry may be trying to depress production. 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
Today, the Energy Workforce & Technology Council (EWTC) announced the release of the 2024 Workforce Report developed in collaboration with Accenture. The report provides a detailed analysis of the current state of employment within the energy services sector, focusing on job growth, workforce composition, and granular insights into diversity metrics. View the full article
Absolute greenhouse gas emissions from Canadian oil sands production registered a nominal increase of less than 1% in 2023 even as total production grew, according to a new analysis by S&P Global Commodity Insights. View the full article
Aramco is looking to work with China on blue hydrogen and ammonia, synthetic fuels and carbon capture utilization and storage, Nasser said at the China Development Forum in Beijing. “All of these are essential to achieving our long-term, low-carbon ambitions,” said Aramco CEO Amin Nasser. View the full article
Iran’s Petropars Ltd. will be awarded a $1.78 billion contract by the National Iranian Oil Co. to develop the giant Farzad-B gas field that was previously intended to be tapped by a group of Indian companies. View the full article
“Looking ahead to 2022, risks and uncertainties loom large and require careful monitoring to ensure the recovery from the Covid-19 pandemic,” OPEC said in its monthly report, which contained the first detailed estimates for next year. View the full article
The world is facing high energy prices for the foreseeable future as oil and natural gas producers resist the urge to drill again, according to Chevron Corp.’s top executive. 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.
