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Production from the Norwegian Continental Shelf will peak in 2025, the directorate said in a report published Wednesday. How quickly production falls will depend on whether companies can tap into resources around existing infrastructure using new technologies, as well as in less familiar regions like the Barents Sea in the far country’s far North. View the full article
The agreement builds on the work deployed across APA’s global portfolio over the past three years and introduces new artificial intelligence capabilities with Palantir’s Artificial Intelligence Platform (AIP) software. View the full article
Last Mile Production will implement B4ECarbon™ in its West Texas oil and gas operations. A collaborative effort by Blockchain for Energy (B4E) and Enovate Ai, B4ECarbon™ is an emissions management solution to streamline emissions tracking and reduce the environmental impact of operations. 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 retreat by one of Britain’s biggest oil and gas companies underscores the challenge facing the UK government in developing floating offshore wind into a major industry, just as costs for the technology have increased. View the full article
Chevron, ExxonMobil and Shell are among the companies taking measures such as evacuating workers from vulnerable installations, suspending drilling activities, and shutting in some wells. The storm’s forecast path intersects with fields that account for roughly 125,000 bpd and 300 MMcfgd. Francine may rake nine major platforms, including Enchilada, Cerveza, Perdido and Hoover. View the full article
(WO) — Eni and KKR have signed an agreement under which KKR will take a 25% stake in Enilive’s share capital, for a total of €2.938 billion. The transaction brings together both companies' expertise to strengthen their energy businesses. View the full article
(WO) — ADNOC Drilling announced a significant increase in third quarter 2024 revenue, driven by the company's expansion of onshore and offshore fleets, OFS expansion and joint-venture contributions. View the full article
Shell Brasil announced the start of production of the Mero-3 FPSO facility in the Mero field, in the pre-salt area of the Santos Basin, offshore Brazil. The FPSO has an operational capacity of 180,000 bopd. View the full article
INEOS and Royal Wagenborg have signed a landmark agreement on the delivery of CO2 transportation. This multi-year agreement will see Royal Wagenborg supply a newly built CO₂ carrier dedicated to Project Greensand, led by INEOS with its partners Harbour Energy and Nordsøfonden. View the full article
1PointFive, a subsidiary of Occidental, has secured $36 million in funding from the U.S. Department of Energy (DOE) to develop two carbon sequestration hubs in Texas and Louisiana. View the full article
(Bloomberg) – Hess Corp. expressed confidence in prevailing in arbitration brought by Exxon Mobil Corp. over a massive oil project in Guyana's Stabroek block. The legal outcome will prove key to advancing the stalled $53 billion Hess-Chevron merger. View the full article
Petrobras has confirmed a significant gas discovery in Colombia's Guajira offshore basin, estimating the potential reserves at around 6 trillion cubic feet. View the full article
Gulf Marine Services is pleased to announce the award of a new long-term contract in Europe and the extension of two existing contracts in the Middle East, bringing the backlog total to $505 million. View the full article
The nation’s economy grew by 49.7% in the first half of 2024, with the oil sector accounting for 67% of that growth, Ali said Saturday on a live webcast. Guyana produced an estimated 113.5 MMbbl of oil from January to June, and the oil sector is projected to grow by 56.4% this year, he added. View the full article
Salunda has integrated its Red Zone monitoring solutions on four drilling rigs in Guyana with Intellilift’s proven digital technologies to deliver automated location and control of critical equipment and personnel. View the full article
The history behind CEM (Corrosion-Erosion Monitor) is a story of how failures can lead to success. Acoustic guided waves were the solution necessary to achieve reliable wall thickness monitoring of pipes. View the full article
(WO) — The National Petroleum Corp. of Namibia aims to triple its stake in future oil and gas projects to 30% as the southern African nation is set for a surge in activity following multiple offshore discoveries. View the full article
ADNOC has awarded a contract to BGP worth up to $490 million to expand the scope of the world’s largest combined 3D onshore and offshore seismic survey underway in Abu Dhabi. The contract will focus on identifying additional oil and gas resources in ADNOC’s producing onshore fields. View the full article
CNOOC has commenced production from its Panyu oilfield joint development project, the company announced. The project is expected to achieve a peak production of approximately 13,600 boed in 2025. View the full article
(Bloomberg) – President Joe Biden is preparing to issue a decree permanently banning new offshore oil and gas development in some U.S. coastal waters, locking in difficult-to-revoke protections for sensitive marine areas during his final weeks in the White House. View the full article
Mermaid Subsea Services has successfully completed what is believed to be the largest vessel-based U.K. North Sea decommissioning campaign in history. The project spanned two years and involved the plugging and abandonment (P&A) of 21 wells. View the full article
Nigerian National Petroleum Corp. (NNPC) and partners including Shell, TotalEnergies and Agip struck a landmark deal to sell gas to the methanol-manufacturing project of the country’s Brass Fertilizer & Petrochemical Co. Ltd. View the full article
(WO) — BiSN, the global provider of wel-lok™ sealing solutions, has achieved a significant milestone by reaching 500 commercial deployments of its bismuth-based sealing technology. 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
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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.
