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The Octiv Auto Frac service combined with the ZEUS electric fracturing platform and the Sensori Fracture Monitoring Service is a fracturing solution that uses intelligent automation to optimize fracture operations and makes the digital frac site a reality. View the full article
The main production facilities include a new deepwater jacket platform Haiji-2 and a cylindrical FPSO Haikui-1. A total of 32 development wells are to be commissioned. The project is expected to achieve a peak production of approximately 17,900 bopd in 2026. The oil property is heavy crude. View the full article
SLB and Aramco have signed an agreement with the aim of co-developing, commercializing, and utilizing digital solutions to help mitigate greenhouse gas (GHG) emissions in industrial sectors. These solutions would be integrated within SLB’s digital sustainability platform, building on the collaboration announced in 2022. View the full article
Lance is among several CEOs looking to utilize North America’s gas reserves, of which the head of ConocoPhillips says is “substantial.” Lance went as far as to predict “a century” of available resources. View the full article
In the first half of 2024 alone, Kent secured $1.2 billion in new contract awards. The new investments in Houston are designed to further enhance Kent’s ability to serve its clients across North America, particularly in the areas of engineering, project delivery and digital transformation. View the full article
This strategic initiative combines Oil States’ MPD Integrated Riser Joint (IRJ) system with Seadrill’s high-spec fleet of floating drilling vessels to enhance safety and efficiency while simplifying and standardizing MPD systems operating in the offshore drilling market. View the full article
LOGIX assists with autonomous drilling, streamlines well delivery, can shorten production timelines, and reduces rig time through intelligent automation. View the full article
Johan Castberg is a large oil field with estimated recoverable volumes of between 450 and 650 MMbbl. The field will produce for 30 years, and at its peak, Johan Castberg may produce 220,000 bpd. View the full article
Saipem’s scope of work involves the engineering, procurement, construction and installation of wellhead platforms’ topsides, wellhead platforms’ jackets, tie-in platform jacket and topside, rigid flowlines, submarine composite cables and fiber optic cables. View the full article
The Midland, Texas-based company, which recently finalized its acquisition of Endeavor Energy, has also signed a nonbinding letter of intent with nuclear power developer Oklo Inc. to deploy small reactors for some of its future electricity needs. View the full article
The open, secure and modular platform unlocks access to high-quality data across subsurface, surface, planning and operations, increasing cross-domain collaboration and releasing new intelligence and insights to improve the quality and speed of decision making at enterprise-level. View the full article
Preliminary estimates place the size of the Gundrun discovery between 0.1 and 1.2 MMcm of recoverable oil equivalent in the intra-Draupne Formation, and between 0.4 and 1.3 MMcm of recoverable oil equivalent in the Hugin Formation. View the full article
During the five years ending in 2023, companies reduced their pollution by more than 25%, a percentage they originally pledged to achieve by 2027 in the North Sea Transition Deal, according to Offshore Energies UK. View the full article
Wind Challenger will help reduce fuel consumption and GHG emissions by using its unique telescopic sails. In addition to the robust design of Wind Challenger itself, additional safety measures include a fully enclosed navigation bridge and a lookout station on the vessel’s fore deck to further enhance visibility. View the full article
Earlier this month, Equinor’s Troll B and C fields offshore Norway became partly powered from shore. This reduces annual emissions from the Norwegian Continental Shelf (NCS) by 250,000 tonnes of CO2. View the full article
The new name reflects the company’s focus on scaling up existing carbon capture technologies as well as its commitment to invest in research and development to ensure a pipeline of cutting-edge solutions that meet the evolving needs of industries worldwide. View the full article
Saipem’s scope of work encompasses the engineering, procurement, fabrication and installation of six platforms as well as approximately 100 km of corrosion resistance alloy rigid subsea pipelines of 28’’ and 24’’ diameter, 100 km of subsea composite cables, 150 km of fiber optic cables and several other subsea facilities. View the full article
Unify is a new-generation digital platform and is the first plunger lift controller in the ChampionX SMARTEN automation product family. It harnesses the latest AI, IoT, and wireless technologies for edge device automated operations and “live” visibility into plunger cycle behaviors via high-frequency data captured at one-second intervals. View the full article
Block 14 and Block 15 were part of the Suriname Shallow Offshore 2 Bid Round 2023-2024. The blocks are in the eastern part of the Suriname-Guyana basin and border Block 52, where oil and gas discoveries have previously been made. Block 14 has water depths of 50 to 75 m, and Block 15 from 75 to 150 m. View the full article
Set to face a shortfall of natural gas at the start of next year, Colombia’s hopes are riding on the future potential of its deepwater wells. Ecopetrol’s offshore chief, Elsa Jaimes, said in an interview last month that production from Caribbean waters could come online as early as 2029, depending on approvals from local communities and securing environmental licenses. View the full article
Tecnimont (MAIRE Group) has entrusted Tenaris with the supply of more than 24,500 tons of seamless pipes for a major gas project located in North Africa, designed to bolster energy security in Europe. View the full article
At the Asia Pacific Petroleum Conference in Singapore this week, traders were generally bearish, with many predicting oil prices could drop to $60 per barrel, despite Brent crude falling below $70, according to Rystad Energy. View the full article
Tecnimont (MAIRE Group) has entrusted Tenaris with the supply of more than 24,500 tons of seamless pipes for a major gas project located in North Africa, designed to bolster energy security in Europe. View the full article
bp has chosen ABS to support its deepwater Kaskida project in the Gulf of Mexico. ABS will provide classification and engineering verification for the project's new semisubmersible production unit. View the full article
Diamondback Energy announced that it has closed its merger with Endeavor Energy Resources, the company said on Sept. 10. 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.
