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(WO) — Saudi Aramco’s venture arm has earmarked $100 million to invest in artificial intelligence startups as it looks to accelerate Saudi Arabia’s push to become a more competitive force in global AI. View the full article
(WO) — Film-Ocean Ltd, a leading ROV specialist based in Ellon, Aberdeenshire, has announced the appointment of Mr. Merv New as its new Chief Executive Officer. View the full article
(WO) — Suriname, which is on the verge of becoming a major South American energy producer, is ruling out more borrowing against future oil production, according to its finance minister. View the full article
(WO) — Techouse has teamed up with TotalEnergies, Equinor and SINTEF Energy Research, to develop and test a compact, lightweight once-through steam generator (OTSG) to reduce fuel consumption and CO2 emissions from offshore oil and gas installations. View the full article
(WO) — Venezuela’s Vice President Delcy Rodríguez met with Indian energy officials on Friday to explore new oil and gas partnerships between both countries. View the full article
(WO) — Leading trade body Offshore Energies U.K. (OEUK) urges the Chancellor to use next week’s Autumn Statement to back the U.K.’s homegrown offshore energy sector and make the U.K. an irresistible place for energy investment. View the full article
(WO) — In partnership with a Calgary-based private operator, Epsilon will earn a 25% working interest in undeveloped lands, covering approx. 150,000 gross total acres in the Mannville and Upper Viking formations and targeting horizontal drilling of oil wells View the full article
(WO) — Transocean Ltd. is in talks to merge with rival offshore drilling contractor Seadrill Ltd., as deepwater drilling work is once again on the rise thanks to steady oil prices and slower production growth from U.S. shale fields. View the full article
(WO) — Eni and KKR have signed an agreement under which KKR will take a 25% stake in Enilive’s share capital, for a total of $3.2 billion. The transaction brings together both companies' expertise to strengthen their energy businesses. View the full article
(WO) — Eni and KKR have signed an agreement under which KKR will take a 25% stake in Enilive’s share capital, for a total of €2.938 billion. The transaction brings together both companies' expertise to strengthen their energy businesses. View the full article
(WO) — U.S. natural gas production from shale and tight formations decreased slightly in the first nine months of 2024 compared with the same period in 2023, according the U.S. Energy Information Administration (EIA). View the full article
The history behind CEM (Corrosion-Erosion Monitor) is a story of how failures can lead to success. Acoustic guided waves were the solution necessary to achieve reliable wall thickness monitoring of pipes. View the full article
(WO) — Transocean Ltd. is in talks to merge with rival offshore drilling contractor Seadrill Ltd., as deepwater drilling work is once again on the rise thanks to steady oil prices and slower production growth from U.S. shale fields. View the full article
(WO) — Matador Resources Co. plans to produce more oil in 2024 than previously planned, a signal that wells in the western part of the Permian basin — the busiest U.S. oil field — continue to lead national oil growth. View the full article
(WO) — Kongsberg Maritime will supply an extensive range of equipment for a new fleet of 10 platform supply vessels (PSV) being built by Fujian Mawei Shipbuilding in China for Greek shipowner, Capital Offshore. View the full article
(WO) — Operators need to plug 200 North Sea oil and gas wells a year to meet targets. OEUK's 2024 report shows that a stable government can keep decommissioning jobs in the U.K. and prevent contracts being won by European rivals.
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(WO) — Namibia’s next wave of offshore oil drilling is set to begin with the arrival of a rig near an existing discovery made by Galp Energia SGPS S.A. View the full article
(WO) — Sunda Energy, an exploration and appraisal company focused on assets in Southeast Asia, gives an update on its operational and funding planning with respect to the Chuditch PSC development in Timor-Leste and an update on new business ventures. View the full article
(WO) — C-Kore Systems has announced the successful deployment of their 900th subsea testing tool. This significant milestone was reached with a mobilization for a major operator in Brazil, monitoring umbilical installations during a large-scale campaign. View the full article
This is the second in a three-part series exploring the American Petroleum Institute’s (API's) standards development process. World Oil recently spoke with Paula Watkins, API Senior Director of Standards Development, to gain insights into the intricacies of that process, the role of collaboration, and the challenges along the way. View the full article
(WO) — BiSN, the global provider of wel-lok™ sealing solutions, has achieved a significant milestone by reaching 500 commercial deployments of its bismuth-based sealing technology. View the full article
(WO) — Oil prices persevered as traders tracked tensions between Israel and Iran, with strikes continuing amid U.S. efforts to facilitate a cease-fire agreement. View the full article
(WO) — Founded in 1994 with very few resources, the growth and evolution of Norwegian firm ClampOn is not only a great success story, it also serves as a classic textbook example of oil and gas entrepreneurship. View the full article
(WO) — Enovate AI has partnered with Blu Clarity to deliver AI-powered real-time data analytics that will enhance efficiency, reduce costs, promote sustainability and ultimately revolutionize upstream oil and gas operations. View the full article
(WO) — Oil prices persevered as traders tracked tensions between Israel and Iran, with strikes continuing amid U.S. efforts to facilitate a cease-fire agreement. 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.
