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(Bloomberg) – Oil driller Perenco S.A., owned by the billionaire Perrodo family, will concentrate three quarters of its $2 billion investments next year in a handful of African countries as part of a strategy that includes more gas projects. View the full article
SBM Offshore and ExxonMobil Guyana Ltd, an affiliate of Exxon Mobil Corporation, have completed a purchase transaction for the FPSO Prosperity. The purchase allows ExxonMobil Guyana to assume ownership of the unit while SBM Offshore will continue to operate and maintain the FPSO up to 2033. View the full article
Camilla Salthe, Equinor’s Senior Vice President of Exploration & Production International UK is the latest industry leader to join the Board at Offshore Energies U.K. (OEUK) as the sector focuses on delivering homegrown, cleaner energies to the U.K. View the full article
Absolute greenhouse gas emissions from Canadian oil sands production registered a nominal increase of less than 1% in 2023 even as total production grew, according to a new analysis by S&P Global Commodity Insights. View the full article
nexos, formerly known as Global E&C, has won an HVAC contract with energy transition operator EnQuest to provide services to their offshore assets in the U.K. Continental Shelf (UKCS). View the full article
ADNOC has awarded a contract to BGP worth up to $490 million to expand the scope of the world’s largest combined 3D onshore and offshore seismic survey underway in Abu Dhabi. The contract will focus on identifying additional oil and gas resources in ADNOC’s producing onshore fields. View the full article
Waukesha, an INNIO Group brand, and Nidec Conversion, a business segment of the Nidec Motion & Energy Platform, today announced a technology collaboration that integrates Nidec’s high-efficiency electric motor technology with Waukesha’s engine solutions. View the full article
ADNOC today announced the award of contracts valued at AED720 million ($196.2 million) for local manufacturing of a wide range of products across its value chain. The announcement was made at ADNOC’s Business Partnership Forum which was held on the sidelines of ADIPEC. 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
Western Energy Alliance today congratulated the newly re-elected president Donald J. Trump. The association of western oil and natural gas exploration and production companies also recognized Senator Steve Daines (MT) for his successful chairmanship of the National Republican Senate Committee flipping the U.S. Senate. View the full article
Former President Donald J. Trump will be President again, come Jan. 20, 2025, after his historic comeback win in the U.S. presidential election of Nov. 5. World Oil Editor-in-Chief Kurt Abraham gives his take on what change the election results could bring for the oil and gas industry. View the full article
The latest data from this year’s OEUK Decommissioning Report being published later this month show a challenging picture of spiraling costs, political uncertainty and competition for the specialist equipment needed to dismantle oil and gas platforms and seal abandoned wells. View the full article
Weatherford has announced two contracts in the Middle East, with Kuwait Oil Company (KOC) and a National Oil Company (NOC) in Qatar. The contracts will implement Weatherford's drilling technologies for enhanced safety, speed, and cost-efficiency in well delivery. View the full article
Former President Donald J. Trump will be President again, come Jan. 20, 2025, after his historic comeback win in the U.S. presidential election of Nov. 5, which extended into the wee hours of Nov. 6. View the full article
The National Ocean Industries Association (NOIA) issued a statement congratulating President-elect Trump, and expressing belief that the benefits of American offshore energy production transcend political affiliations. View the full article
The American Petroleum Institute (API) President and CEO Mike Sommers have issued a statement congratulating President Trump on his election victory. View the full article
CNOOC Limited announces that Long Lake Northwest Project in Canada has commenced production safely. The project is expected to achieve a peak production of approximately 8,200 bopd in 2025. View the full article
The American Petroleum Institute (API) President and CEO Mike Sommers have issued a statement congratulating President Trump on his election victory. View the full article
The Independent Petroleum Association of America (IPAA) President and CEO Jeff Eshelman issued a statement on the results of the 2024 presidential election, congratulating Trump and expressing enthusiasm for Trump's commitment to energy leadership. View the full article
ADNOC announced today at ADIPEC the signing of the first long-term Sales and Purchase Agreement (SPA) for the lower-carbon Ruwais liquefied natural gas (LNG) project, which is currently under development in Al Ruwais Industrial City, Abu Dhabi. View the full article
(Bloomberg) – Libya is planning its first tender for energy exploration contracts since 2011’s civil war, as the OPEC member looks to bring back oil majors spooked by years of instability and production shutdowns. View the full article
Nauticus Robotics, a developer of autonomous subsea robotics and software, has successfully completed its initial 2024 Gulf of Mexico (GOM) survey scope for Shell Exploration and Production. View the full article
Angola is a strong destination for oil and gas exploration, said Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Pedro Azevedo. Recent regulatory reforms have positioned the country as a highly competitive market for foreign investment. View the full article
ADNOC has awarded an EPC contract to Jereh Oil & Gas Engineering Corporation, worth up to $920 million (AED3.38 billion), to install remote sensing and well-operating equipment at its onshore Bab, Bu Hasa and Southeast fields, extending its AI-powered well digitalization program to cover the fields. View the full article
Tenaris is expanding its Rig Direct® service package with the introduction of WISer™, a suite of digital solutions designed to enhance well integrity, safety, efficiency and reliability in well construction operations. 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.
