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The UK government is drafting a new tax regime for oil and gas companies to replace a controversial windfall levy after 2030, with an aim to hit companies only when prices are unusually high. The UK also confirmed plans to end new North Sea exploration licenses for oil and gas. View the full article
Tanzania aims to start a licensing round for dozens of oil and gas exploration blocks in May, the first in more than a decade for the nation with an estimated 57 trillion cubic feet of natural gas reserves. Three of the 26 blocks are in Lake Tanganyika and the rest in the Indian Ocean. View the full article
Ecuador’s President Daniel Noboa has ordered a consortium seeking to take over the nation’s top oil asset to pay an entry fee of $1.5 billion by March 11, moving up the deadline by more than three weeks. Noboa has warned he will cancel the deal without the early payment. View the full article
Today, Venture Global along with federal and state officials announced plans for a brownfield expansion at its Plaquemines LNG facility south of New Orleans, Louisiana. The planned expansion will bring the expected total production capacity to over 45 MTPA at Plaquemines. View the full article
Baker Hughes and Woodside Energy have announced a joint initiative to develop a lower carbon power generation technology solution utilizing the Net Power platform that is specifically designed for oil and gas (including LNG), heavy industries and other smaller scale applications. View the full article
Sercel has announced the delivery of several next-generation 528™ cable-based land seismic acquisition systems for deployment on exploration surveys in India and Türkiye, just over a year after the new system’s launch. View the full article
Aminex, the oil and gas exploration and development company focused on Tanzania, announced several key operations updates on its Ntorya gas development, including a successful seismic program, and plans for field and pipeline development. View the full article
The cost of Oman crude on the Gulf Mercantile Exchange slipped below Brent on Tuesday for the first time since late 2024, according to data compiled by Bloomberg. That marks the end of the Middle Eastern grade’s longest run of premiums over the global benchmark since 2023. View the full article
Expro has secured more than $10 million in major contracts from OMV Petrom for the Neptun Deep gas project in the Black Sea. The contracts involve Expro’s subsea landing string (SSLS), SeaCure® cementing technology, tubular running services (TRS) and Coretrax Advance drilling tools. View the full article
STATS Group, a global provider in pipeline isolation and connection solutions, is tackling critical challenges in offshore infrastructure and revolutionizing subsea pipeline tie-ins with its advanced mechanical hot tap clamps and proprietary intervention technologies. View the full article
Libya’s oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. The bid round is expected to attract foreign investors and drive exploration activities across Libya’s resource-rich basins. View the full article
TDI-Brooks recently conducted seismic site surveys and pipeline route assessments for SPDC offshore Nigeria, deploying its survey vessel, R/V PROTEUS to identify potential drilling hazards and risks along the proposed pipeline route. View the full article
A Fluor-led joint venture has successfully supported completion and startup of Tengizchevroil’s (TCO) Future Growth Project (FGP) at the Tengiz oil field in Kazakhstan. A new Third-Generation Plan (3GP) was built at the Tengiz oil field, marking a ramp-up for crude production in the coming months. View the full article
SLB today launched EWC™ electric well control technologies, which reduce capex and opex, while making mission-critical drilling operations safer. EWC technologies replace hydraulics with a simplified electric power system, SLB stated. View the full article
Global energy consultancy Xodus has acquired Daymark Energy Advisors to expand its power networks capabilities across international energy transition projects. The power networks market is set for growth as electrification will require significant upgrades to networks around the world. View the full article
Independent Petroleum Association of America (IPAA) President & CEO Jeff Eshelman has issued a statement ahead of President Donald Trump’s address to a Joint Session of Congress, citing the historic changes happening within the energy sector. View the full article
TDI-Brooks recently conducted seismic site surveys and pipeline route assessments for SPDC offshore Nigeria, deploying its survey vessel, R/V PROTEUS to identify potential drilling hazards and risks along the proposed pipeline route. View the full article
BP Plc’s strategy reset isn’t even a week old, but it’s already showing some vulnerabilities. Two of the company’s most important pledges to investors require Brent above $70. The international benchmark is likely to fall below that crucial threshold, according to Bloomberg. View the full article
The U.S. Treasury followed through on President Trump’s pledge to stop Chevron's operations in Venezuela, delivering a major blow to Nicolas Maduro’s autocratic regime. Chevron has ramped up production in recent years to supply about 20% of Venezuela's overall output. View the full article
ChampionX's Aerial Optical Gas Imaging (AOGI) platform has received approval from the U.S. Environmental Protection Agency (EPA) for the Methane Alternative Test Method outlined in OOOOb, marking a significant milestone in emissions management. View the full article
Global oil demand will hit a record this year as Asian countries, particularly China and India, continue to expand consumption, said Saudi Aramco's CEO in an earnings call. Oil use is set to rise by 1.3 million barrels a day (bpd) this year to just over 106 million bpd. View the full article
EnerMech has been selected to carry out pre-commissioning work on the ONE GUYANA FPSO for Guyana Deepwater Operations, SBM Offshore’s subsidiary in Guyana. The FPSO is set to arrive in Guyanese waters this year. View the full article
The Texas Independent Producers & Royalty Owners Association (TIPRO) released the 10th edition of its “State of Energy Report,” offering a detailed analysis of national and state trends in oil and natural gas employment, wages and other key economic factors. View the full article
Baker Hughes and Frontier Infrastructure have announced a strategic partnership to accelerate the deployment of large-scale carbon capture and storage (CCS) and power solutions in the U.S. View the full article
VAALCO Energy has farmed into the CI-705 block offshore Côte d’Ivoire, obtaining a 70% working interest and a 100% paying interest though a commercial carry arrangement and partnership with Ivory Coast Exploration Oil & Gas SAS and PETROCI. 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.
