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Woodside has finalized the acquisition of Tellurian Inc. and its U.S. Gulf Coast Driftwood LNG development for approximately $900 million in cash, or $1.00 per share, with an implied enterprise value of $1.2 billion. View the full article
The 2024 Gulf Energy Information Excellence Awards was held on Wednesday evening at the Post Oak Hotel in Houston, Texas (U.S.). The black-tie gala recognized the energy industry’s leading innovations and thought leaders. View the full article
The Deepwater Development Conference (MCEDD) has welcomed new experts from SOCAR, Woodside Energy, and Staatsolie to its Advisory Board for the 2025 event. View the full article
NDT Global has launched a new 56-inch ultrasonic inline inspection tool, developed in partnership with Aramco, to meet the specific inspection needs of large-diameter pipelines. View the full article
Subsea7 has secured a contract for a subsea tieback development in the U.S. Gulf of Mexico. The company will be responsible for transporting and installing the flowline, umbilical, and other subsea components required for the project. View the full article
The Railroad Commission of Texas (RRC) has exceeded key performance goals set by the Texas Legislature for Fiscal Year 2024, continuing its strong record of protecting public safety and the environment. View the full article
ADNOC Gas is using advanced 3D printing technology to manufacture critical replacement components, aiming to save $50 million by 2028. The company has created one of the largest digital libraries in the energy industry, storing over 3,500 scanned components that can be printed on demand. 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
Shearwater Geoservices Holding AS has been awarded a major offshore project by TotalEnergies to conduct a deepwater ocean-bottom node (OBN) survey in Angola. View the full article
Under the agreement, Petrofac will provide technical and engineering support for key onshore and offshore assets, including five offshore steel jacket facilities in the Alba Field and the Alba Gas Plant onshore. View the full article
Jindal Power Ltd. is walking away from a venture that would have operated an oil-processing facility for Venezuela’s state-controlled crude producer, according to people familiar with the matter. View the full article
Baker Hughes has announced its largest-ever order of Integrated Compressor Line units, awarded by Dubai Petroleum Establishment (DPE) on behalf of the Dubai Supply Authority. View the full article
The U.S. expects crude production to grow by just 320,000 bpd next year, much slower than previously estimated. View the full article
TechnipFMC has secured an integrated engineering, procurement, construction, and installation (iEPCI) contract from bp for its greenfield Kaskida development in the Gulf of Mexico. View the full article
Gran Tierra Energy Inc. has announced that the shareholders of i3 Energy plc, a public limited company organized under the laws of England and Wales, have approved Gran Tierra’s previously announced acquisition of i3 Energy. View the full article
Equinor has acquired a 9.8% minority stake in Ørsted—a transaction which establishes Equinor as the second largest shareholder in Ørsted, after the Danish State, which holds a controlling stake in the company. View the full article
Equinor has acquired a 9.8% minority stake in Ørsted—a transaction which establishes Equinor as the second largest shareholder in Ørsted, after the Danish State, which holds a controlling stake in the company. View the full article
Oilfield Service Professionals LLC (OSP) has entered a global technology alliance with Alpha Oil Tools to boost operational efficiency and reliability in oil and gas operations. 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
The American Petroleum Institute (API) has appointed Kevin Slagle as its new senior vice president of communications. Slagle will lead API’s communications team to advance the U.S. oil and natural gas industry's priorities in Washington, including those outlined in API’s 5-Point Policy Roadmap. View the full article
Chevron Corp. agreed to sell stakes in oil sands and shale assets in Western Canada to Canadian Natural Resources Ltd. for $6.5 billion. View the full article
McDermott has secured an engineering, procurement, construction, and installation (EPCI) contract from QatarEnergy LNG for the North Field South (NFS) offshore pipelines and cables project. 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
Shell saw continued strong performance from its natural gas and upstream businesses in the third quarter, even as oil-refining margins declined and it expects to lose money in chemicals. 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
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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.
