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In 2022, Norway’s two biggest oil companies, Aker BP and Equinor, decided to move ahead with plans to spend about $19 billion to develop a string of fields in the North and Norwegian seas. The investment plans were driven by temporary Covid-era tax rules that were intended to spur petroleum investments during the pandemic. View the full article
Aker BP ASA agreed to buy the oil and gas business of Lundin Energy AB in a $10 billion deal that creates the second-largest producer on the Norwegian Continental Shelf. View the full article
The Tyrving development leverages the planned extended lifetime for the Alvheim field and will increase production while reducing both unit costs and CO2 emissions per barrel. The field consists of three wells and two new subsea installations tied back to existing infrastructure at East Kameleon and further to the Alvheim FPSO.
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Working at the intersection of spacetech and climatetech, AIRMO has developed a unique, state-of-the-art sensor that enables methane measurements from space. Combining the technology with Beagle Systems’ ability to utilise drones to collect data at low altitude will make it possible to collect precise information much more efficiently and enable companies to meet the new stringent reporting requirements. View the full article
According to a new report from national law firm Lathrop GPM, oil and gas (O&G) decision makers are grappling with carbon reduction initiatives and AI readiness—as well evaluating potential mergers and acquisitions (M&A) to drive new efficiencies. View the full article
After constricting AI to mostly back-office tasks such as evaluating seismic surveys, while keeping drilling and hydraulic fracturing firmly in human hands, U.S. operators are increasingly adopting the emerging technology to boost more mainstream work. View the full article
(WO) — A surge in energy demand from technology giants that are rapidly developing cloud computing and artificial intelligence — known as hyperscalers — is becoming a major boon for the fossil fuel industry. View the full article
Belgian and Danish government representatives have entered into a ground-breaking agreement to enable captured CO2 to be shipped across their borders to be permanently stored in a sandstone reservoir 1800 meters beneath the seabed of the Danish North Sea. View the full article
The agreement’s scope is to deliver human resources solutions for Repsol’s multi-disciplinary resourcing needs in areas such as drilling and wells, geology and subsurface, HSE, logistics, operations, maintenance, decommissioning, administrative support and cost control. View the full article
AGR’s reservoir management and subsurface team were selected by Norwegian E&P company Aker BP to conduct an independent third-party technical peer review of two carbon storage licenses in the Norwegian North Sea. View the full article
A key driver for achieving this milestone is increased demand for flare gas to power projects, as well as Aggreko’s innovative approach to monetizing stranded gas assets. View the full article
Aggreko, a provider of mobile, modular power, temperature control and energy services, completed a 10MW flare gas to power project, the largest in Africa, to lower its total cost of energy and lessen emissions from the oil field. View the full article
Yemen’s Houthis said they attacked several of Saudi Aramco’s facilities with drones and ballistic missiles on Friday, the latest in a spate of strikes on Saudi Arabia’s oil infrastructure. View the full article
By strengthening their balance-sheets through partial privatization, transferring their regulatory roles to independent entities and acquiring more assets, African NOCs are emerging as strong partners for foreign firms. View the full article
The African Energy Week: Invest in African Energies Awards Ceremony celebrated 12 outstanding individuals and companies across 10 categories, honoring their significant contributions to Africa's oil, gas and energy sectors View the full article
The African Energy Chamber (AEC) recently met with Equatorial Guinea’s National Council for Economic and Social Development (CNDES) to explore strategic cooperation aimed at maximizing the country’s oil and gas sector development. View the full article
The inauguration of the Nigerian National Petroleum Company Limited initiates a monumental shift in active engagement, accountability and value that is expected to reshape Nigeria’s petroleum industry, while simultaneously acting as a model for other National Oil Companies on the continent. View the full article
In honor of the late H.E. Muhammad Sansui Barkindo – oil industry veteran and former Secretary General of the Organization of Petroleum Exporting Countries (OPEC) – the African Energy Chamber renamed its African Energy Week Lifetime Achievement Award to the Mohammad S. Barkindo Lifetime Achievement Award. View the full article
The African Energy Chamber (AEC) has voiced its support for the inaugural Congo Energy & Investment Forum (CEIF), set to take place in March 2025. This milestone event signals the nation’s commitment to strengthening its role as a key energy player on the continent. View the full article
The African Energy Chamber (AEC) announced its support of the decision to renew Haitham Al Ghais as the Secretary General of OPEC for a further three-year term, effective 1 August 2025. View the full article
U.S. companies stand to play a significant role in the road to a lower-carbon future in the continent, and to continue leading some of the most important markets in the energy industry. View the full article
U.S. companies stand to play a significant role in the road to a lower-carbon future on the continent, and to continue leading some of the most important markets in the energy industry. View the full article
Capex trends all demonstrate that investors won’t limit themselves to mature fields: Eyes are on fresh locations, fresh facilities, and fresh opportunities in Africa. African Energy Chamber's Executive Chairman, NJ Ayuk, gives his take on oil and gas trends in this opinion piece.
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The Oman-based land seismic acquisition company will use Stryde systems to obtain better high-definition images for oil and gas exploration across several projects. View the full article
African hydrocarbon producing countries are increasing oil and gas licensing rounds to be able to stabilize supply of hydrocarbons in years to come to meet growing energy demand as output in legacy projects declines. 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.
