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Halliburton Co. denied reports that it’s in talks to buy Exxon Mobil Corp.’s stake in the huge West Qurna-1 oil field in southern Iraq. View the full article
Oil tumbled as concerns about a global economic slowdown and growing Covid-19 cases 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
OEUK warmly welcomes the news that Stuart Payne has been appointed to lead the North Sea Transition Authority at what continues to be a crucial and challenging period for the industry. View the full article
Independent software vendors will build, market, and sell solutions and apps through Schlumberger digital platform, unlocking innovation for customers. View the full article
Chevron CEO Mike Wirth has been extolling the virtues of the Lone Star State’s oil and gas business climate for at least half a decade. View the full article
Expro has signed a technology agreement (ETEC) with Petrobras for the development of a new non-intrusive flowmeter. The technology is designed to increase efficiency and optimize production of wells. View the full article
China aims to have non-fossil energy consumption exceed 80% of its total mix by 2060, when the world’s second-biggest economy plans to be carbon neutral, according to guidelines published by the official Xinhua News Agency. View the full article
The Chamber of Shipping of America (CSA) recently honored 101 Crowley-operated vessels and their crews with Environmental Achievement Awards, recognizing the company and its people for its safe environmental operations. View the full article
European natural gas futures surged to record highs on Monday as the amount of Russian gas flowing into Europe through a key entry point dipped, crimping supplies in an already tight market. View the full article
Russia’s oil revenues are up 50% this year even as trade restrictions following the invasion of Ukraine spurred many refiners to shun its supplies, the International Energy Agency said. View the full article
Oil prices pose a high risk to the global economic recovery, with signs that fuel costs are starting to “take their toll” on demand growth, the International Energy Agency said. View the full article
The African Energy Chamber (AEC) announced its support of the decision to renew Haitham Al Ghais as the Secretary General of OPEC for a further three-year term, effective 1 August 2025. View the full article
Saudi Aramco overtook Apple Inc. as the world’s most valuable company, stoked by a surge in oil prices that is buoying the crude producer while adding to an inflation surge throttling demand for technology stocks. View the full article
Oil ended the day little changed after a volatile session in which the latest U.S. inflation report and data showing high prices hitting U.S. fuel demand roiled prices. View the full article
Oil production across American shale patches next year is expected to climb as producers take advantage of a price recovery, according to a government report. View the full article
Natural gas futures soared as forecasts for chilly November weather in the U.S. East heightened concern that supplies will struggle to meet demand this winter. View the full article
(Bloomberg) -- Seplat Energy Plc will revive hundreds of idle Nigerian oil wells after completing its purchase of Exxon Mobil Corp.’s onshore oil and gas assets in the West African nation. View the full article
The sustained OPEC+ production curtailment through April suggests that supply will remain constrained in the near term, even as demand continues to increase. As a result, the U.S. Energy Information Administration expects that further inventory withdrawals to meet rising crude oil demand will support crude oil prices through at least the end of April. View the full article
Oil majors are gearing up to explore off the coast of Colombia, offering hope to a country struggling to reverse declines in reserves and output of its biggest export. View the full article
The OSDU Data Platform is a cloud native, open-source technology which provides the energy industry a toolbox to address the undifferentiated capabilities needed to manage large, disconnected data sets. View the full article
New laws imposing £5 billion of new taxes on the UK’s offshore oil and gas operators risk driving away investors and undermining the nation’s future energy supplies, the industry’s leading trade body has warned. View the full article
Golden Pass, in its motion, urged the court to force Zachry — which filed for Chapter 11 proceedings in May and laid off thousands of workers from the Golden Pass site — to walk away from its contract and allow the joint venture to hire replacement workers. View the full article
(WO) — Enovate AI has announced a strategic partnership with SGS to revolutionize drilling efficiency in the oil and gas industry through the application of AI-driven Bottom Hole Assembly (BHA) optimization, specifically focusing on roller reamer placement. View the full article
South Sudan is experiencing a rapid drop in crude output as producing oil blocks have hit peaks and have begun to decline, according to Ministry of Petroleum Undersecretary Awow Daniel Chuang. View the full article
Located 20 nautical miles (37 km) from the coast, the lease covers a 120 square nautical miles area (222 sq km) that will generate a capacity of more than 1 GW, enough to provide power to more than 300,000 homes. 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.
