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(Bloomberg) -- The U.K. government went no further in toughening up the tax regime for North Sea oil and gas producers than measures already announced, keeping capital allowances in the windfall tax following protests from the industry. View the full article
OtterBusiness announced the newest product for use in hazardous environments: the OtterBox Wireless Power Bank with MagSafe, compatible with the Defender Series Division 2 iPhone case line. View the full article
(Bloomberg) – California received permission to move forward with a project that would inject carbon dioxide into the state’s deep rock formation using a technology that has long tantalized the fossil fuel industry but has yet to break through. View the full article
NYC-based software-as-a-service company, OrbitMI, is prioritizing data integrity with its Orbit vessel performance platform to deliver high-quality real-time data that can enable smarter voyage decision-making. View the full article
Murphy Oil announced that its subsidiary has drilled an oil discovery at the Hai Su Vang-1X exploration well in Block 15-2/17 in the Cuu Long Basin, located 40 miles offshore Vietnam. View the full article
CB&I has been awarded a substantial contract by TJN Ruwais JV for engineering, procurement, and construction (EPC) of two cryogenic tanks and associated work for its liquefied natural gas (LNG) project, in Ruwais, Abu Dhabi, UAE. View the full article
An influential forum of oil and gas operators with a vested interest in subsea operations is tackling the challenges of ageing offshore infrastructure through cross-industry collaboration. View the full article
Specialist provider of offshore support services, Interocean Marine Services, has been awarded a four-year extension to its frame agreement with multinational power company, Vattenfall. View the full article
(WO) — As part of an ongoing joint venture with LGX Energy, Black Gold Exploration has added 822 acres to the package of oil, gas and mineral leases in Indiana, U.S., where LGX is actively involved in exploration and production.
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Vitesse Energy has announced a definitive agreement to acquire Lucero Energy in an all-stock transaction valued at $222 million. The addition of Lucero’s operations will enable Vitesse to expand its assets across the Bakken shale region. View the full article
The Independent Petroleum Association of America (IPAA) President and CEO Jeff Eshelman issued a statement on the results of the 2024 presidential election, congratulating Trump and expressing enthusiasm for Trump's commitment to energy leadership. View the full article
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IDEC Corporation has updated its SmartAXIS touch family with the new FT1J Series combined PLC+HMI, building on the success of the FT1A-C and -M Series 3.8” PLC+HMIs View the full article
Under the agreement, Petrofac will provide technical and engineering support for key onshore and offshore assets, including five offshore steel jacket facilities in the Alba Field and the Alba Gas Plant onshore. View the full article
Growing demand for application-specific routing and cyber security has created new solutions for users, writes Alexandre de Luca, President, Energy, Enterprise and Government, Marlink View the full article
(WO) — CNOOC has commenced production on its Xijiang 30-2 Oilfield Xijiang 30-1 Block Development Project ahead of schedule. The project is expected to achieve a peak production of approximately 26,000 boed in 2027. View the full article
(WO) — Operators need to plug 200 North Sea oil and gas wells a year to meet targets. OEUK's 2024 report shows that a stable government can keep decommissioning jobs in the U.K. and prevent contracts being won by European rivals.
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Halliburton has been awarded a contract with Petrobras for integrated drilling services across several offshore fields in Brazil. The contract scope includes drilling services for development and exploration wells over a three-year period. View the full article
The Oil & Gas Decarbonization Charter (OGDC) has published its Baseline Report, setting a foundation to help prioritize and track progress on emissions reductions made by the 54 oil and gas companies — representing almost 45% of the global oil production, that have signed up to the Charter’s ambitions. View the full article
Egypt President Abdel Fattah El-Sisi has emphasized the importance of developing newly discovered wells and including them in the nation's production plan, as well as intensifying exploration activities in Egypt's onshore and offshore areas. View the full article
ASCO has secured a five-year contract for base and logistics services for Aker BP in Norway. The agreement also includes continued services in warehouse management, load carriers, waste services, and personnel leasing for logistics and helicopter coordination. View the full article
President-elect Trump’s pro-energy agenda includes fast-tracking permits for stalled LNG projects, reversing Biden-era regulatory pauses and increasing leases on federal land for gas production. This could strengthen the sentiment around global LNG supply after years of uncertainty. View the full article
The American Petroleum Institute (API) and the National Ocean Industries Association (NOIA) have issued separate statements in response to the U.S. Department of Energy’s (DOE) study on the impacts of liquefied natural gas (LNG) exports. View the full article
ADNOC and AIQ announced today at ADIPEC the launch of ENERGYai, the world’s first-of-its-kind custom-built agentic artificial intelligence (AI) solution for the global energy transformation. View the full article
ADNOC today announced the award of contracts valued at AED720 million ($196.2 million) for local manufacturing of a wide range of products across its value chain. The announcement was made at ADNOC’s Business Partnership Forum which was held on the sidelines of ADIPEC. 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.
