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TAQA, a Middle East-based well solutions provider, has introduced a new inflow control system to optimize reservoir performance while enabling operators to sustainably manage fluid production. View the full article
Hilcorp Energy Co., the privately held oil producer run by billionaire Jeff Hildebrand, will pay a $9.4 million civil penalty for failing to reduce emissions of methane and volatile gases in New Mexico. View the full article
Gulf Energy Information (Gulf) is proud to host the 20th annual Women's Global Leadership Conference in Energy (WGLC), taking place November 19-20, 2024, at the Marriott Marquis, Houston, Texas. View the full article
Argentina energy producer Pampa Energia SA will soon decide whether to partner on a multibillion-dollar LNG plant as President Milei’s deregulation tactics accelerate development of the world’s second-biggest shale gas deposit. View the full article
Energy NL hosted their annual awards gala to recognize growth, innovation and outstanding achievements of Newfoundland and Labrador energy industry leaders. View the full article
An oil terminal Iran built to bypass the vital Strait of Hormuz appears to have partially filled with crude — offering Tehran a means to get a little of its oil into the world without using the waterway. View the full article
SLB has announced a definitive agreement to sell its interests in the Palliser Block located in Alberta, Canada. The block consists of oil and gas wells, surface facilities, a pipeline network and certain oil and gas development rights. View the full article
Siemens' new SIRIUS 3RC7 intelligent link module offers complete data transparency down to the field level with minimal installation and commissioning effort. View the full article
ADNOC has announced the deployment of AIQ’s Advanced Reservoir 360 (AR360) solution on more than 30 reservoirs across ADNOC’s upstream operations, following the solution’s initial success in early 2024. View the full article
The Railroad Commission of Texas (RRC) has imposed more than $1 million in fines on operators and businesses within the state’s oil and gas industry. View the full article
The American Petroleum Institute is challenging EPA's emissions standards for heavy-duty (HD) vehicles. These restrictive mandates are opposed by most voters in battleground states, API has found. View the full article
In response to rising tensions in the Middle East, Rystad Energy is sharing analysis from its local team on the potential implications for the region‘s upstream sector and the global oil and gas market. View the full article
ABS has secured a contract to provide and test a digital twin solution for real-time condition monitoring for a Petrobras FPSO unit. 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
Oman’s state energy company raised $2 billion from the initial public offering of its exploration and production business, marking the sultanate’s biggest listing on record. View the full article
Petrobras is pushing to extract as much oil as possible from its existing fields in Brazil while simultaneously hunting for new reserves to prevent production from starting to decline in the 2030s. View the full article
Transocean today announced a one-year contract for the Deepwater Conqueror with an undisclosed operator in the U.S. Gulf of Mexico. View the full article
Wood is leading a joint industry partnership to create industry guidelines for CO2 specifications to accelerate sustainable Carbon Capture, Utilization and Storage (CCUS) projects.
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Enverus industry analysts have released a summary of 3Q24 upstream M&A activity, with the pace of deals significantly slowing in the third quarter of 2024 to just $12 billion in announced deals. View the full article
Iran suffered an oil leak just a few miles from Kharg Island, its top export terminal in the Persian Gulf, according to a local news source and shipping official. View the full article
Exxon Mobil Corp has announced plans to sell a portion of its assets in North Dakota's Bakken shale formation, according to Reuters. View the full article
MOL Group signed a Memorandum of Understanding with Turkish Petroleum Corporation (TPAO) in Istanbul to form a strategic partnership for hydrocarbon exploration and production. View the full article
Perenco Colombia successfully completed drilling of three new development wells on the Paravare and Chaparrito fields at Casanare, onshore Colombia, identifying large oil discoveries. View the full article
Wood is leading a Joint Industry Partnership (JIP) to create industry guidelines for CO2 specifications to accelerate sustainable Carbon Capture, Utilization and Storage (CCUS) projects. The guidelines are the first of their kind to focus on the impact of impurities in CO2 across the entire CCUS value chain.
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Baker Hughes has secured an order to supply centrifugal and electrical-driven Integrated Compressor Line (ICL) compressors to Saipem for TotalEnergies’ Kaminho FPSO unit in offshore Angola. 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.
