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The oil major plans to take as much as 2 million tons of CO2 emissions from CF Industries Holdings Inc.’s ammonia plant in Donaldsonville, Louisiana, and pump them into permanent storage in rock formations deep below the ground. View the full article
The EW 953 well encountered approximately 127 ft of net pay in the target sand at approximately 19,000 feet true vertical depth ("TVD"). Preliminary data indicates an estimated gross recoverable resource potential of approximately 15 – 25 million MMBoe from a single subsea well with an initial gross production rate of 8,000 – 10,000 boed. View the full article
Worley and researchers at Princeton University’s Andlinger Center for Energy and the Environment have identified that a lack of trust between project stakeholders is slowing the pace of infrastructure delivery that is critical to net zero. View the full article
Helix will provide an increased minimum number of days annually with the Q5000 riser-based well intervention vessel, Intervention Riser Systems (IRSs), remotely operated vehicles (ROVs), and project management and engineering services to cover fully integrated operations from production enhancement to plug and abandonment well services. View the full article
The U.S. Energy Department granted a five-year license Tuesday to Wes Edens’ company New Fortress Energy Inc., which is developing the small-scale LNG export plant known as Fast LNG offshore near Altamira, Mexico. The approval is key for U.S. LNG export developers to sell LNG globally to countries in Europe, Japan and China. View the full article
ADNOC is the third major industrial partner to join Exxon’s project, which would produce 1 Bcf of hydrogen per day and 1 million tons of ammonia a year. JERA Co., Japan’s biggest power, provider signed a non-binding agreement in March to buy half of the ammonia and in June Air Liquide SA said it could use its pipelines. View the full article
Chevron Corporation started water injection operations at two of its offshore projects to boost oil and gas recovery at the company’s existing Jack/St. Malo and Tahiti facilities in the deepwater U.S. Gulf of Mexico. View the full article
STRYDE, the company behind the world’s smallest, fully autonomous seismic node, has announced the signing of two significant contracts with Servicios Sísmicos de Exploración (SSE) and SeisGlobe Geoservices. View the full article
The Houston-based company continues to evaluate the nature and scope of the breach and has activated its cybersecurity response plan, it said in a statement Tuesday. It initially disclosed the attack last month and has notified law enforcement officials. View the full article
Chevron Corporation started water injection operations at two of its offshore projects to boost oil and gas recovery at the company’s existing Jack/St. Malo and Tahiti facilities in the deepwater U.S. Gulf of Mexico. 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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bp has entered into an agreement with Perenco to divest its Immortelle, Flamboyant, Amherstia and Cashima offshore gas fields and associated production facilities, including undeveloped resources from the Parang field. The assets, except for Parang, are mature fields that have been in production from as early as 1993 and currently produce 30,000 boed. View the full article
Shell will sell Turkey’s state-owned Botas the equivalent of around 4 Bcmg per year starting in 2027, Energy Minister Alparslan Bayraktar said at a signing ceremony in Ankara. That’s about 8% of the country’s total gas demand in 2023, data from the national energy regulator show. View the full article
Energy Maritime Associates (EMA) has identified 29 projects that are most likely to be awarded within the next 12 months. These include 16 FPSOs, 7 FSOs, 3 FLNGs, 2 Semis, and 1 MOPU. These will be for multiple units in Brazil, new frontier regions such as Namibia and the Falklands, as well as the re-emergence of mature areas like Angola, Indonesia, Ivory Coast, and Malaysia. View the full article
Having analyzed PEBs based on their availability of remaining hydrocarbon resources, development cost, emissions and the availability of new energy sources such as wind and solar, together with their suitability for carbon storage, the Central Arabian and Rub Al Khali basins stand out as carbon-efficient, resource-rich basins with significant potential. View the full article
The nation’s economy grew by 49.7% in the first half of 2024, with the oil sector accounting for 67% of that growth, Ali said Saturday on a live webcast. Guyana produced an estimated 113.5 MMbbl of oil from January to June, and the oil sector is projected to grow by 56.4% this year, he added. View the full article
Over the next five years, almost half of the additional oil and gas production that could have got the go-ahead under the current tax system would be uneconomic under the new proposals, OEUK said in a report. That puts more than 35,000 jobs at risk in 2029 due to projects being shelved, the group said. View the full article
The crane, built by heavy lifting firm Mammoet for tens of millions of dollars, is among the latest bets that rising energy consumption will require huge new equipment for years to come. View the full article
Under this contract, CHC Helikopter Service will provide crew change and transportation services for two key rigs: the Noble Invincible and the Deepsea Yantai. These critical missions will be supported by CHC’s Sikorsky S-92 aircraft, known for its exceptional performance and safety record in offshore missions. View the full article
Harris took pains to point out her support for the Inflation Reduction Act, which included provisions meant to encourage more oil and gas leasing on federal lands and waters. The law made the government’s award of wind and solar rights on federal lands contingent on the sale of more oil and gas leases. View the full article
This collaboration enables E&P companies to seamlessly access TGS' licensed production, completions, and cost data via the ComboCurve platform, with fully automated data integration that requires minimal technical infrastructure. View the full article
The 3 MW floating wind turbine will be located 2 km west of the Culzean platform, 220 km offshore Scotland. This turbine, expected to be fully operational by end 2025, will supply around 20% of Culzean’s power requirement, thereby reducing its GHG emissions. View the full article
Drillers have extended the horizontal length of their wells since the pandemic to three miles or more to squeeze more output from their sites. The longer so-called laterals are often credited with helping explorers deliver surprise production growth of 1 MMbpd last year. View the full article
It’s the latest round of cuts following similar moves in the company’s deal-making team, as well as low-carbon solutions, chemicals and offshore wind. The staff reductions would affect the company’s exploration, strategy and portfolio segment as well as its development, subsurface and wells business. View the full article
Almost 50% of the 1,300 senior professionals that responded to DNV’s survey said they plan to integrate AI-driven applications into their operations in the coming year, with Digital Leaders leading the charge. 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.
