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The National Ocean Industries Association (NOIA) has issued a response to President Biden's planned unilateral ban of new offshore oil and gas activities across vast swaths of America's offshore areas under Section 12(a). View the full article
The American Petroleum Institute (API) has released a statement from President and CEO Mike Sommers on reports the Biden administration will move to ban new oil and natural gas activity across millions of acres of federal waters. View the full article
(Bloomberg) – OPEC’s crude production dipped last month as the United Arab Emirates stepped up implementation of supply cutbacks aimed at buoying global oil markets. View the full article
Varel Energy Solutions (VES) has acquired Ace Well Technology (ACE), an international supplier of oilfield casing, cementing and completion products. The deal will expand VES' smart completions offerings supporting the offshore and premium market sectors. View the full article
Solace Global Risk has officially acquired Nuraling, an independent AI innovation, bringing tailored machine learning solutions to Solace Secure and other services. 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
Halliburton and Coterra Energy announced the launch of autonomous hydraulic fracturing technology in North America with the Octiv® Auto Frac service, which is part of the ZEUS platform. View the full article
TGS, a global provider of energy data and intelligence announced today the launch of the Dawson Phase III 3D multi-client seismic survey in the Western Canadian Sedimentary Basin. View the full article
The Independent Petroleum Association of America (IPAA) have responded to the announcement of the Biden Administration's plan to remove millions of acres of U.S. oceans from potential oil and gas drilling. View the full article
Drilling Tools International (DTI) announced their completed successful acquisition of Titan, a UK-based downhole tool rental company. The acquisition strengthens DTI's presence in the North Sea, European and African markets. View the full article
The American Petroleum Institute (API) has released a statement regarding the U.S. Department of the Treasury’s final regulations for the Section 45V Clean Hydrogen Production Tax Credit. View the full article
(Bloomberg) – Oil extended a rally that has brought it to the highest in more than two months as shrinking U.S. crude stockpiles and a risk-on tone in broader markets overshadowed signs of a misfiring Chinese economy. 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
The Independent Petroleum Association of America (IPAA) today shared unfortunate news of the passing of Steven B. Hinchman (Steve), the association’s 43rd Chairman of the Board, and steadfast leader during challenging times. View the full article
(Bloomberg) – Tullow Oil Plc stocks rose after an international body found it wasn’t liable for a $320 million tax assessment in Ghana, where its key oil assets are located. View the full article
The Energy Workforce & Technology Council has shared news of the passing of Sherry Stephens Blanks, former President of the Petroleum Equipment and Services Association (PESA), now the Energy Workforce & Technology Council. View the full article
Activity in the oil and gas sector increased slightly, and production was mixed in fourth quarter 2024, according to executives at exploration and production (E&P) firms responding to the Dallas Fed Energy Survey. View the full article
Trillion Energy has announced the continuation of the velocity string tubing program on two tripods after previously completing operations on the Akcakoca platform in late November. View the full article
Vantage Drilling announced the creation of TEVA Ship Charter LLC (TEVA), a new JV entity with TotalEnergies. Under terms of the agreement, Vantage will operate the Tungsten Explorer for a ten-year term with the option to extend. 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
Kosmos Energy notes the announcement from bp plc (operator) that first gas production has been achieved at the Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project offshore Mauritania and Senegal. View the full article
(Bloomberg) – Senegal’s economic growth rate surged to a record in the third quarter as the West African nation began exporting oil, with the International Monetary Fund predicting a 9.3% expansion next year. View the full article
ADES Holding Company has received a Letter of Award (LOA) from PTTEP Energy Development Company Limited (PTTEP) for an offshore jackup drilling contract in the Gulf of Thailand with an estimated backlog of SAR 1.035 billion. View the full article
Petrobras has released a news statement regarding a Brazilian government enacted law which addresses the possibility of transfer of local content surpluses among contracts in exploration and production of oil and natural gas. 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.
