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ABB has been contracted by engineering, procurement, and construction contractor Aker Solutions to deliver the main electrical, automation and safety systems for Norway’s Northern Lights project. View the full article
With the ink hardly dry on a landmark pledge by the finance industry to fight climate change, the world’s biggest banks are making clear they plan to stand by their fossil-fuel clients. View the full article
While Ebrahim Raisi’s presidential win isn’t expected to derail efforts to return the U.S. to the accord, the change in administration in Tehran has complicated diplomacy. View the full article
High fossil-fuel prices may jeopardize efforts to pivot to cleaner renewable energy sources, the leader of one of Europe’s largest oil companies warned. View the full article
Early bird registration for the 23rd World Petroleum Congress is now open and available through April 30th. Delegates who take advantage of registering early for the Congress, to be held in Houston, U.S.A. from December 5-9, 2021, will receive a discount of over one third on the onsite price. View the full article
Returning to the U.S. for the first time in 30 years, the 23rd World Petroleum Congress (WPC) got off to a fast start on Monday in Houston. Considered the epicenter of the global energy debate, Houston is easily recognized as the energy capital of the world, home to 4,600 energy firms. View the full article
Shape the future of energy at the 24th World Petroleum Congress 2023 Technical Conference. Abstracts will be considered if submitted before Thursday, July 7. View the full article
Assuming that comments from conference participants are reflective of the industry’s overall mood, then the pace of digital transformation in oil and gas is gaining momentum in 2022. View the full article
Recent moves by the UK government of Prime Minister Boris Johnson indicate that people in his regime must think that they can play both sides of the street, so to speak, when it comes to oil and gas policy, and get away with it. We are here to tell them that this is not practical, much less ethical and effective. View the full article
Woodside Petroleum Ltd. almost certainly won investor approval to boost global oil and gas production by adding BHP Group assets while also facing a rebuke on its climate accounting. View the full article
Woodside Petroleum is in advanced talks to buy BHP Group’s petroleum division for about A$20 billion ($14.7 billion), the Australian Financial Review reported on Sunday, citing people familiar with the matter. View the full article
Wood’s scope covers the development of a complete off-grid integrated energy complex to produce ammonia from green hydrogen – avoiding up to 5 million tons of CO₂ annually. View the full article
Wood has been awarded the Principal Designer and Pre-FEED scope for Salamander, the 100MW floating wind farm development located 35km off Peterhead in the East Coast of Scotland. View the full article
Wood has further strengthened its position as the leading partner for operations solutions in the UK North Sea following a series of contract awards with key clients in the fourth quarter of 2021, including Shell UK and Dana Petroleum. View the full article
John Wood Group Plc said it agreed to pay $177 million to settle a UK-led bribery and corruption probe into a British engineering firm it acquired in 2017. View the full article
Wood, the global consulting and engineering company, continues to expand its operations in the Southern North Sea with the award of a new operations and maintenance contract with Shell UK and Nederlandse Aardolie Maatschappij. View the full article
Wood, the global consulting and engineering company, has been awarded two significant offshore contract extensions in Brazil. They include the provision of operations services for Trident Energy and maintenance solutions for Equinor. View the full article
Wood today announces the appointment of Lesley Birse as Executive President of People and Organization (PandO). Birse replaces Sue MacDonald who will retire at the end of the year, after a distinguished career that included more than a decade with Wood. View the full article
Wood, a global consulting and engineering company, announced the appointment of Azad Hessamodini as Executive President of its Consulting business and the latest member of the firm’s executive leadership team. View the full article
After many weeks of signaling and speculation, a group of major oil consumers including the U.S. has announced a coordinated plan to tackle soaring energy costs by releasing crude from strategic reserves. The question now is whether it’s going to work. View the full article
The twin suicide bombings in Baghdad, the Iraqi capital, once again shows the vulnerability of the oil-rich nation in a perpetually volatile region, especially when the West started gradually pulling out its troops.
Although Iraqi leadership talks with pride about the country being free from foreign interference, the situation on the ground is far from being conducive for it – judging by the daily protests by the people over corruption, mismanagement, lack of basic care and of course, deter
The substantial fall of US crude oil stockpiles has not excited the oil price yet, buckling the familiar trend.
The positive news has been overshadowed by a myriad of factors, according to seasoned market watchers.
Some of the key reasons are as follows:
· The Federal Reserve makes it known the inevitability of its continuing support to revive the battered economy
· The outbreak of Covid-19 clusters again in China in the middle of winter
· The rel
As he opened the COP26 climate talks in November, Boris Johnson warned “it’s one minute to midnight” in the race to slash planet-heating carbon emissions. His government has since announced £37 billion of funding focused squarely on subsidizing the consumption of energy -- much of it fossil fuels. View the full article
As he opened the COP26 climate talks in November, Boris Johnson warned “it’s one minute to midnight” in the race to slash planet-heating carbon emissions. His government has since announced £37 billion of funding focused squarely on subsidizing the consumption of energy -- much of it fossil fuels. View the full article
Whitecap Resources Inc., a Canadian conventional and shale driller, plans to increase natural gas activity in the second half of the year to capitalize on a surge in prices, Chief Executive Officer Grant Fagerheim said. 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.
