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(Bloomberg) – Some oil explorers are “not satisfied” with South Africa’s industry rules that were signed into law last month, according to a lobby group. The Upstream Petroleum Resources Development Act includes regulations for the ownership and development of oil and gas blocks. View the full article
CNOOC Limited and 80883 announced that Huizhou 26-6 Oilfield Development Project has commenced production. A total of 19 development wells are planned to be commissioned, including 2 oil production wells and 17 gas production wells. View the full article
The Republic of Congo has set ambitions to increase its production from 270,000 barrels per day (bpd) to 500,000 bpd in 2025, with a panel discussion planned for CEIF 2025 to outline the country's production targets.
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Halliburton has launched its Intelli suite of diagnostic well intervention wireline logging services, designed to facilitate customer collaboration, improve well insights to enable increased production, help extend asset life and reduce total cost of operations. View the full article
INNIO Group has acquired Souer Co., Ltd., a specialist in engine-based technology and customer-centric services within the midstream and power generation industries. View the full article
(Bloomberg) – Oil edged lower as traders weighed the possible fallout from President Trump’s planned tariffs on major U.S. crude supplier Canada and other countries. The market was also watching reports OPEC will evaluate potential changes to America’s energy policy. View the full article
Crescent Energy Company announced the closing of its acquisition of Central Eagle Ford assets from Ridgemar Energy for upfront consideration of $905 million, consisting of $830 million in cash and 5,454,546 shares. View the full article
South Africa’s Minister of Mineral and Petroleum Resources Gwede Mantashe on Thursday reiterated that the country was committed to developing its oil and gas sector, despite external pressures to transition to a greener economy. View the full article
Affiliates of Langford Energy Partners (LEP) announced that they have closed on the acquisition of Midland basin assets from Murchison Oil and Gas, LLC. The acquisition includes approx. 8,000 net acres with net production of approx. 7,200 boed. View the full article
Trendsetter Vulcan Offshore (TVO) has appointed Russell Collins as Country Manager, Australia, to head up the company’s newly opened office in Perth. View the full article
Today in Newsweek, API President and CEO Mike Sommers outlines how the next administration and new Congress can advance commonsense energy policies that work for all Americans. Strength in leadership, homegrown production and upholding consumer choice are among his top points to consider. View the full article
Petro-Victory Energy Corp. has announced the signature of an exclusivity agreement with Brava Energia S.A. for the potential acquisition of 13 oil-producing fields in Rio Grande do Norte, Potiguar Basin. View the full article
(Bloomberg) – U.S. President Donald Trump’s pledge to unlock more of that country’s vast stores of energy will likely lower Kenya’s consumer price growth, according to the chief of the African nation’s central bank. View the full article
Offshore Energies UK (OEUK) says Scotland’s new hydrogen export strategy can build on the nation’s industrial strengths and unlock a £93 billion export opportunity if firms are now backed with a clear action plan to attract investment and talent. View the full article
SLB Capturi has completed construction of the carbon capture plant at Heidelberg Materials’ cement facility in Brevik, Norway. The facility will reduce emissions by up to 400,000 metric tons of CO2 annually for Heidelberg Materials. View the full article
The Sipitang Oil and Gas Industrial Park (SOGIP) is set to officially launch in early February in Sabah, Malaysia. A partnership between Gibson Shipbrokers and SOGDC, the project will generate around 1,600 jobs and support the region's energy demand. 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
Aker Solutions and SLB Capturi have been awarded a contract for the carbon capture and storage solution at Hafslund Celsio's waste-to-energy plant in Oslo, Norway. The contract will deliver a carbon capture plant, a liquefaction system, temporary storage, and loading facility at the waste incineration site. View the full article
Upstream M&A activity is expected to slow significantly in 2025 following two years of record-high transactions driven by U.S. shale mergers, reports Rystad Energy in its latest analysis, estimating the global deal pipeline value at $150 billion. View the full article
Sintana Energy announced that the PEL 83 Joint Venture has successfully drilled and logged the Mopane-2A well in the heart of Namibia’s Orange Basin. The blocks are governed by Petroleum Exploration License 83 (PEL 83) which is operated by a subsidiary of Galp Energia of Portugal. View the full article
Europe’s oil and gas industry is increasingly leveraging AI to optimize operations across its value chain as the region faces growing energy security concerns, according to a new research report published by Information Services Group (ISG). View the full article
Elected officials and trade groups representing businesses across the supply chain are sounding the alarm over the Biden administration’s 11th hour decision to ban new oil and natural gas activity across millions of acres of federal waters. View the full article
(Bloomberg) – OPEC’s crude production increased for a second month as Libya continued to recover from a political feud that had closed its biggest oil field. View the full article
Ecopetrol S.A. announced that its U.S. subsidiary, Ecopetrol Permian, has reached an agreement with Occidental Petroleum (OXY) to extend its development plan of Rodeo Midland Basin LLC under the joint-venture first established in July 2019. View the full article
The FPSO Baobab Ivoirien MV10, operated by Canadian Natural Resources International (CNRI), ceased hydrocarbon production on schedule Jan. 31, CNRI's partner VAALCO Energy announced. The vessel will be transported to Dubai for refurbishment. 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.
