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Miros has launched its new wave and vessel motion prediction technology — PredictifAI, which delivers a monitoring solution that automatically adapts to varying sea and weather conditions. View the full article
North Star has secured its first contract for a commissioning service operation vessel (CSOV), a second award with EnBW, further establishing the company’s growing presence in the European offshore wind sector. View the full article
(Bloomberg) – Chevron Corp. plans to increase oil production by as much as 10% in the Permian Basin this year despite reducing capital spending in the region, said Chief Executive Officer Mike Wirth. View the full article
(Bloomberg) – Chevron Corp. has expanded its exploration acreage in African oil producers including Nigeria and Angola, where it sees the potential for a production revival despite years of decline. View the full article
Western Energy Alliance today congratulated the newly re-elected president Donald J. Trump. The association of western oil and natural gas exploration and production companies also recognized Senator Steve Daines (MT) for his successful chairmanship of the National Republican Senate Committee flipping the U.S. Senate. View the full article
nexos, formerly known as Global E&C, has won an HVAC contract with energy transition operator EnQuest to provide services to their offshore assets in the U.K. Continental Shelf (UKCS). View the full article
Sinopec has released the first sustainability report published by a Chinese company in Algeria, with the goal to establish a long-term, sustainable model and unity between oil and gas exploration, environmental protection and social progress. View the full article
Lockton, the world’s largest independent insurance broker, has launched a new Offshore Projects Practice. View the full article
Caterpillar Oil & Gas has announced the launch of the Cat® Closed Crank Ventilation (CCV) System, a technology designed to eliminate the venting of crankcase gases, commonly referred to as blow-by emissions, from internal combustion engines. 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
Researchers from the University of Oklahoma, Los Alamos National Laboratory, along with industry partners, have been awarded an $18.7M grant from the U.S. Department of Energy to investigate commercial subsurface storage of carbon dioxide (CO2). View the full article
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
(WO) — TotalEnergies announces that the Harald East Middle Jurassic nearby exploration well (HEMJ-1X) has discovered additional gas condensate resources in the Harald field, in the Danish North Sea. View the full article
(Bloomberg) – South Sudan’s government called for the Dar Petroleum Operating Co. to begin resuming oil output on Wednesday, days after neighboring Sudan — through which crude flows to the coast — reopened the route for exports. View the full article
Enverus has released its list of the most prolific 50 public oil and gas operators in the U.S. based on gross operated production last year. "Oilpatch mergers reshape rankings, but the Permian remains king," Enverus reported. View the full article
Paradigm has announced an expanded Aberdeen facility which will house its growing workforce and asset base, enabling it to deploy technologies that lower the carbon impact and cost of traditional oil and gas exploration and production operations. 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
From 2025-2029, Energy Maritime Associates (EMA) expects orders for 119 Floating Production Systems, with a Capital cost of $126 Billion, in its mid-case forecast. Over 70% of this investment would go towards the 54 FPSOs. View the full article
ADNOC Drilling Company and Alpha Dhabi Holding announced today that their joint venture Enersol has agreed to acquire a 95% equity stake in Deep Well Services (DWS), for approximately $223 million including performance-based payments. View the full article
The U.S. Chamber’s Global Energy Institute issued a statement regarding the Biden Administration’s plans to restrict offshore oil and natural gas drilling, calling on Congress and the incoming administration to reverse the policy. View the full article
(Bloomberg) – A harsh winter would push Asian and European consumers into competition for the same gas as supplies of the fuel are stretched, according to Equinor ASA. Plans for oil production from the Norwegian continental shelf remain unchanged, says Equinor. View the full article
KBR has been awarded a contract to support sustainable production of energy resources in Saudi Arabia by contributing to the delivery of Saudi Aramco's Master Expansion Program and increasing gas handling capacity at key regional locations. View the full article
Odfjell Technology, an integrated supplier of well services technology and engineering solutions, has entered into a cooperation agreement with Australia-based R&D Solutions, expanding the company’s presence in Asia Pacific. View the full article
(WO) — MYCELX Technologies Corporation has been awarded a contract to treat produced water during Enhanced Oil Recovery (“EOR”) production, which will represent its second REGEN installation with a Middle East producer. View the full article
ADNOC Drilling has announced the closing of the Turnwell Industries joint venture between ADNOC Drilling, SLB and Patterson-UTI. 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.
