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Oil erased earlier losses with the market looking for its next direction from an OPEC+ meeting this week and the spread of the delta variant of Covid-19. View the full article
Royal Dutch Shell is hoping to restart its Ursa oil and gas platform in the U.S. Gulf of Mexico as early as the first half of November, according to a person familiar with the matter who asked not to be identified because the information isn’t public. View the full article
Weekly U.S. crude oil production declined for the first time in three months, signaling that soaring costs across the oil fields may be preventing drillers from expanding output. View the full article
Through the UK Government’s Floating Offshore Wind Manufacturing Investment Scheme, up to £160 million will be made available to scale-up the deployment of floating offshore wind and to invest in key areas where the UK has competitive advantage. View the full article
The permitting halt, which went into effect earlier this year, will raise energy costs, threaten supplies for America’s European allies and increase emissions by slowing the transition from coal to gas, Chevron CEO Mike Wirth said in a speech at the GasTech conference in Houston Tuesday. View the full article
(WO) — Ocean services provider DeepOcean has been awarded an inspection, maintenance and repair (IMR) campaign by Vår Energi for 2025. The scope also includes additional light construction work to be completed within the same year. View the full article
SLB has announced a contract award by Petrobras, following a competitive tender, to its OneSubsea™ joint venture for two subsea raw seawater injection (RWI) systems to increase recovery from the prolific Búzios field. View the full article
Saudi Arabia’s push to restrain oil supply to buoy prices is spurring India to speed up plans to diversify its crude sources and pursue alternative energy, the chairman of one of the nation’s biggest refiners said. View the full article
Europe’s heading into winter facing an unprecedented energy squeeze, and politicians are trying to figure out how to stop their citizens freezing. View the full article
West Texas Intermediate lost as much as 6.9% to slip under $97 a barrel as Wall Street traded lower and the dollar rose, making commodities priced in the currency more expensive. View the full article
(WO) — TotalEnergies has achieved first oil from the third development phase of the Mero field on the Libra block, located 180 kilometers off the coast of Rio de Janeiro, Brazil, in the pre-salt area of the Santos Basin. View the full article
Energy and marine consultants AqualisBraemar LOC has completed its assignment in connection with the decommissioning and removal campaign of the Sable Project off the coast of Nova Scotia, Canada. View the full article
Talos Energy Inc., the U.S. offshore explorer behind Mexico’s largest oil discovery in years, is taking the first step toward an international dispute after control of the field was given to state producer Pemex. View the full article
A trio of exciting new low-carbon technologies are set to generate 26,000 new UK energy jobs by 2030, according to research by Robert Gordon University. View the full article
Russia could find new markets for about half of the crude exports that will be banned by the European Union from December, according to energy-data firm Kpler. View the full article
Ovintiv followed Matador Resources Co. in raising full-year production plans at a time when U.S. drillers have been committing to flat or moderate output growth so they can return more cash to investors and expand portfolios of future drilling sites. View the full article
Noia is deeply concerned about the potential to decommission and abandon the Terra Nova Project after Suncor Energy on Friday issued Expressions of Interest related to the Terra Nova Floating, Production Storage and Offloading (FPSO) vessel located on the Terra Nova offshore field. View the full article
Equinor and the partners Petoro, Vår Energi and Total EandP Norge have decided to develop the Lavrans discovery and the Kristin Q-discovery which is a part of the Kristin field. Capital expenditures for this first phase will total about NOK 6.5 billion. View the full article
A wind energy auction lease sale drew competitive winning bids from two companies - TotalEnergies Renewables USA and Duke Energy Renewables Wind - totaling approximately $315 million. View the full article
Oil tumbled as concerns about a global economic slowdown and growing Covid-19 cased in China reduced risk appetite among traders. West Texas Intermediate lost as much as 8% to slip under $96 a barrel. View the full article
A Tellurian Inc. investor is urging the would-be U.S. energy exporter to put itself up for sale, saying poor governance, nepotism and “misleading communications” have doomed the company’s $12.8 billion aspiration to ship shale gas overseas. View the full article
The FPSO will operate in the Jubarte field in the Campos basin's pre-salt layer, off Espírito Santo's coast. The unit has a production capacity of 100,000 bpd and can process 5 MMcmgd. View the full article
As part of the second development of the Atapu and Sepia offshore fields, SLB OneSubsea will provide the Petrobras-standard configured, pre-salt vertical trees, subsea distribution units, subsea control systems and pipeline systems, along with related installation, commissioning and life-of-field services. View the full article
The well will be drilled as a deviated hole with a total measured depth of approximately 7,500 m and is expected to take 50 - 60 days to drill and evaluate. The well lies within tie-back distance to both the Who Dat G subsea manifold (6 km) and the Who Dat FPS. View the full article
The new Connected Build solution optimizes project efficiency and improves sustainability outcomes for capital projects across the power, energy, chemicals and mining industries. 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.
