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A coalition of oil and gas trade associations, representing over 80% of U.S. domestic production, has issued an urgent call to House Speaker Mike Johnson for immediate action on permitting reform before the close of the 118th Congress. View the full article
Sunda Energy has entered into a non-binding Letter of Intent (LOI) with an international drilling contractor for the use of a jackup drilling rig for the appraisal drilling campaign on the Chuditch Field, offshore Timor-Leste. View the full article
GD Energy Products (GDEP), a total solutions provider for the frac, drilling, and well servicing pumps market, has appointed David Paradis as its new CEO. View the full article
This year, KOC proudly celebrates its 90th anniversary. Over nine decades, it has reached numerous milestones, establishing itself at the forefront of the global oil and gas industry, a position it has sustained across generations. View the full article
Borr Drilling Limited has announced its securement of a new contract commitment for its premium jackup rig "Norve" with a repeat customer in West Africa. This work is in direct continuation of the Marathon Oil contract and is estimated to commence in Q3 2025. View the full article
TotalEnergies has finalized the acquisition of the interests of OMV (50%) and Sapura Upstream Assets (50%) in SapuraOMV Upstream, an independent gas producer in Malaysia. View the full article
Northern Endurance Partnership (NEP) has announced development of the UK's first CCS project in partnership with TotalEnergies. NEP, in which TotalEnergies holds a 10% shareholding interest, will permanently store up to an initial 4 million tonnes of CO2 per year.
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e2Companies has announced a strategic collaboration with Nabors that will expand business opportunities for integrated power solutions in the oilfield and broader energy markets. View the full article
Borr Drilling Limited has announced its securement of a new contract commitment for its premium jack-up rig "Norve" with a repeat customer in West Africa. This work is in direct continuation of the Marathon Oil contract and is estimated to commence in Q3 2025. View the full article
INEOS with its partners Harbour Energy and Nordsøfonden, has made a Final Investment Decision (FID) on the first commercial phase of Project Greensand, with storage operations set to begin at the end of 2025/early 2026. View the full article
Enverus Intelligence® Research (EIR) has released its latest Fundamental Edge report, which focuses on global drivers for oil and gas prices through 2030, the five-year oil and gas supply and demand outlook and price forecasts. View the full article
SPM™ Oil & Gas announced that their SPM™ WS 335 Frac Pump has achieved more than 13,000 pumping hours in the Permian before its first overhaul, demonstrating an ability to last four times longer than traditional pressure pumping equipment. View the full article
SPM™ Oil & Gas announced that their SPM™ WS 335 Frac Pump has achieved more than 13,000 pumping hours in the Permian before its first overhaul, demonstrating an ability to last four times longer than traditional pressure pumping equipment. View the full article
Rick Muncrief will retire as President and Chief Executive Officer and member of the Board of Directors of Devon Energy Corporation effective March 1, 2025. Clay Gaspar, currently Devon’s Chief Operating Officer, will succeed the role. View the full article
(Bloomberg) – A shale-drilling frenzy in Argentina has put the country on the verge of leapfrogging regional rival Colombia as a top-three crude producer in South America. View the full article
Clariant has announced the launch of its CHEMVISION™ platform, an innovative tool designed to give real-time, data-driven insights for offshore chemical management. View the full article
DNO ASA, the Norwegian oil and gas operator, today announced that its operated Trym field in the Norwegian North Sea is back on production after a five-year shutdown during which TotalEnergies redeveloped the Tyra field infrastructure. View the full article
The 2024 China-Africa Think Tank Energy Forum recently convened in Chad's capital, N'Djamena, where over 70 delegates discussed China-Africa collaboration in oil and gas, the energy transition and partnership opportunities. View the full article
SLB has announced the launch of Neuro™ autonomous geosteering, a tool designed to dynamically responds to subsurface complexities to drill more efficient, higher-performing wells, while reducing the carbon footprint of the drilling operations. View the full article
ADNOC has signed a second Sales and Purchase Agreement (SPA) for the lower-carbon Ruwais liquified natural gas (LNG) project, with Malaysia’s Petronas. The 15-year SPA is for supplying 1 million tonnes per annum (mtpa) of LNG. View the full article
The 2024 China-Africa Think Tank Energy Forum recently convened in Chad's capital, N'Djamena, where over 70 delegates discussed China-Africa collaboration in oil and gas, the energy transition and partnership opportunities. View the full article
Aramco has signed a shareholders’ agreement with Linde and SLB, paving the way for development of a Carbon Capture and Storage (CCS) hub that is expected to become one of the largest globally. View the full article
Equinor has commended Angola’s recent Incremental Production Decree as a landmark reform that enhances the country’s ability to attract oil and gas investments, while boosting production and driving economic growth. View the full article
(Bloomberg) – Chappal Energies has completed the acquisition of Equinor Nigeria Energy Company, a unit of Norway-based Equinor ASA, in a deal that brings immediate production and cashflow benefits, Chappal says. View the full article
Paul Hickin, Editor-in-Chief of Petroleum Economist, has been named one of Cititec's 50 Voices in Commodities Worth Following. This prestigious recognition underscores Paul’s exceptional contributions to commodity market analysis and his leadership in the global energy sector. 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.
