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(Bloomberg) – TotalEnergies may greenlight a $750 million gas project in Nigeria next year, potentially signaling that the African nation’s efforts to revive investment in its hydrocarbon production are making progress. View the full article
(WO) – Venezuela detained former Oil Minister Pedro Tellechea over the weekend as part of an internal purge at the state-owned oil company, PDVSA, after President Nicolás Maduro’s disputed reelection. View the full article
(WO) — With more than 15 million records digitized in the past year, the Railroad Commission of Texas now has 83.4 million oil and gas records that can be searched and viewed online from anywhere in the world. 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
The combined solution will address challenges in locating, re-entering and re-abandoning legacy wells that penetrate, or pass through, offshore oil and gas reservoirs or saline aquifers that have been earmarked to be repurposed for carbon dioxide (CO2) or hydrogen storage. View the full article
(WO) — Baker Hughes has won contracts with Petrobras to provide flexible pipe systems in Brazil’s pre-salt fields. The multi-year project includes risers and flowlines for hydrocarbon production and associated gas and water injection with support for equipment storage, maintenance and installation. 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
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
(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
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
The American Petroleum Institute (API) President and CEO Mike Sommers have issued a statement congratulating President Trump on his election victory. View the full article
Offshore Energies UK (OEUK) is set to launch a research tool which will provide governments, skills bodies, and the energy industry in the UK with the information needed to have the right people with the right skills in place at the times and locations where they are needed. View the full article
OPEC trimmed its forecasts for oil demand growth this year and next for a third consecutive month as the group belatedly recognizes a slowdown in global fuel use. 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
C-5H will be operator Empire Energy’s longest drilled and stimulated horizontal shale well and will target a ~3,000 m horizontal section and ~60 fracture stimulation stages. C-5H will integrate the best completion practices from North American shale analogues and incorporate learnings from Carpentaria-2H and Carpentaria-3H. 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
Kazakhstan is in talks with China about increasing gas exports and is even considering building an additional pipeline to boost flows, underscoring the growing significance of its role in the region’s fuel market. View the full article
Global oil markets are poised to swing from a deficit to a surplus next quarter should OPEC+ proceed with provisional plans to bring back idled production starting in October, data last week from the International Energy Agency showed. View the full article
bp and its partners have approved a $7 billion investment in the Tangguh Ubadari, CCUS, and Compression (UCC) project in Papua Barat, Indonesia. The development is expected to unlock around 3 trillion cubic feet of additional gas resources, aiming to meet the rising energy demand in Asia. View the full article
(Bloomberg) – Suriname’s Foreign Affairs Minister Albert Ramdin said on Saturday his country’s emergence as a major oil producer could garner support for him to be voted in as the next Secretary General of the Organization of American States. View the full article
Nigeria approved Exxon Mobil Corp.’s sale of its onshore oil and gas assets to domestic energy supplier Seplat Energy Plc, but rejected a similar deal by Shell Plc. View the full article
Transocean Ltd. has secured a $232 million contract with bp for its Deepwater Atlas drillship in the U.S. Gulf of Mexico. View the full article
Sable Offshore Corp. expects maintenance activities for pipeline 324/325 (previously 901/903) to be completed in time for a restart by year's end. 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
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
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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.
