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More consolidation in the U.S. shale sector is needed to cope with soaring costs to identify and exploit untapped oil reserves, according to Kimmeridge Energy Management Co. View the full article
Tourmaline Oil Corp. announced that it has closed the acquisition of Crew Energy Inc. and has entered an agreement to sell a gross overriding royalty interest to Topaz Energy Corp. View the full article
Libya’s oil production climbed above 1 MMbpd for the first time in two months, after the resolution of a political standoff in the OPEC nation that had curbed output and exports. 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
Saudi Arabia is preparing to make a multibillion-dollar bet on hydrogen and will launch a new company to produce the much hyped low-carbon fuel, according to people familiar with the matter. View the full article
Exxon said lower oil prices and refining margins reduced third-quarter earnings by $1.6 billion compared with the previous period. View the full article
Chesapeake Energy Corporation and Southwestern Energy Company have officially completed their merger, forming a newly rebranded entity, Expand Energy Corp. View the full article
Petrobras has confirmed a significant gas discovery in Colombia's Guajira offshore basin, estimating the potential reserves at around 6 Tcf. View the full article
Mermaid Subsea Services (UK) Ltd. has successfully completed the first stage of a major North Sea decommissioning contract for Shell U.K. Limited. View the full article
Russia’s own data show its crude production in September fell just below its monthly target under the OPEC+ deal, according to people familiar with figures from the country’s Energy Ministry. View the full article
Saja Energy has been named the official distributor of Neo Oiltools' neotork Vibration Management Tool in Saudi Arabia. This announcement follows Neo Oiltools’ recognition of Saja Energy, a Saudi Arabia-based provider of energy sector products and services. View the full article
According to new analysis by Wood Mackenzie, the UK government must create a more predictable tax regime for the North Sea oil and gas sector to ensure long-term stability. After a history of ad hoc changes, the need for a clear tax framework has become urgent. View the full article
Brazil’s state-controlled oil company is nearing a deal with government regulators allowing it to move forward with plans to redevelop a massive deepwater field that could reinvigorate the nation’s stalled output. View the full article
Nigeria hopes to attract as much as $10 billion in new investments for deepwater gas exploration through tax breaks and other measures proposed in a new policy framework for the industry, according to a government official. View the full article
Nigeria hopes to attract as much as $10 billion of new investments in deep-water gas exploration through tax breaks and other measures proposed in a new policy framework for the industry, according to a government official. View the full article
Russia’s own data show its crude production in September fell just below its monthly target under the OPEC+ deal, according to people familiar with figures from the country’s Energy Ministry. View the full article
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
Colombia’s Ecopetrol SA discovered an offshore natural gas deposit that could potentially produce up to 800 MMcfgd, according to Chief Executive Officer Ricardo Roa. 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
Brazil’s state-controlled oil company is nearing a deal with government regulators allowing it to move forward with plans to redevelop a massive deep-water field that could reinvigorate the nation’s stalled output. View the full article
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
After a history of ad hoc changes, the UK government must implement a more predictable tax regime that provides greater long-term stability to the North Sea oil and gas sector, as soon as possible, according to new analysis by Wood Mackenzie. View the full article
Neo Oiltools, a creator of drilling performance tools for the oil and gas industry, announced today that Saja Energy, a Saudi Arabia-based provider of world-class energy sector products and services, is the official distributor of the neotork Vibration Management Tool in the Kingdom of Saudi Arabia. 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
Mermaid Subsea Services (UK) Ltd is pleased to announce that it has successfully completed the first stage of a major North Sea decommissioning contract for Shell U.K. Limited. 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.
