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OPEC made only part of its planned production increase last month, with supplies hampered by disruptions in two of the group’s African members. View the full article
Strohm has supplied Shell with a static Thermoplastic Composite (TCP) Riser to support operations at one of its Southern North Sea assets. View the full article
Strohm has supplied Shell with a static Thermoplastic Composite (TCP) Riser to support operations at one of its Southern North Sea assets. View the full article
Oil fell the most in a week as the dollar strengthened and investors shrugged off an attack on the world’s largest crude terminal in Saudi Arabia. View the full article
The U.S. is granting a second refiner in Louisiana access to the country’s emergency crude stockpiles as most oil-producing platforms in the Gulf of Mexico remain offline after Hurricane Ida. View the full article
It may not be quite throwing caution to the winds, but the prospect of hefty profits and supply that may not stretch to meet consumer demand is enticing U.S. refiners to run at a 21-month high, testing equipment limits to sustain high rates without breakdowns. View the full article
Following the dramatic recovery in U.S. steel production last year - a more than 18% year-on-year increase - the market is increasingly losing momentum. View the full article
Pemex left investors with more questions than answers after it announced in late July that it would be disclosing its greenhouse gas emissions on a more regular basis — then refused to discuss why they’d soared by double-digits from April to June, compared to a year ago. View the full article
Texas Comptroller Glenn Hegar announced the Fiscal Year 2022 state revenues highlighting that the oil and gas industry paid record-breaking taxes to the state. View the full article
Skyrocketing oil prices have helped make oil and gas producers the best performers in the stock market this year, triggering a rapid rise in dividend payments and a bonanza of special dividends. View the full article
Skyrocketing oil prices have helped make oil and gas producers the best performers in the stock market this year, triggering a rapid rise in dividend payments and a bonanza of special dividends. View the full article
The reimagined, field proven Simplified Frac Iron System transforms the typically disjointed process inherent with conventional ground iron. View the full article
As the reservoir pressure of the Jansz-Io field declines after years of production, compression infrastructure is required to enhance the recoverability of the field. View the full article
“We understand the industry is under political pressure from office-holding authorities and special interest groups, who want us to slow down on oil and gas activities, or change focus entirely to renewables. We cannot ignore this pressure, or the serious threat of climate change," said Equinor’s Executive Vice President, Technology, Arne Sigve Nylund. View the full article
In alignment with Scottish Government guidance on the coronavirus situation, the organizers of SPE Offshore Europe have made the decision to postpone the event on 1-4 February 2022 at PandJ Live, Aberdeen. View the full article
(WO) — During a Tuesday afternoon “Special Session” at SPE’s Annual Technical Conference and Exhibition, an ExxonMobil manager explained why faster carbon capture and storage (CCS) development will require hub projects with larger scales. View the full article
Sustainable recovery and transforming the industry for the future was the theme of the opening general session Monday morning at the SPE Annual Technical Conference and Exhibition, at the George R. Brown convention center in Houston, Texas. View the full article
The award, which marks Sparrows first large contract in the Pilbara region of Western Australia, will see the company hire local personnel including lifting engineers, mechanical and electrical technicians, rope access, inspectors and crane supervisors. View the full article
The seven-figure deal will see Sparrows’ Houston team deliver crane inspection, maintenance, testing and repair services at two onshore facilities and a platform in the Gulf of Mexico. View the full article
Southwestern Energy Company announced that it has entered into a definitive agreement with the third largest private Haynesville producer – GEP Haynesville, LLC under which it will acquire GEP for approximately $1.85 billion. The transaction is expected to close by year-end 2021, subject to customary closing conditions. View the full article
Bol Ring Mourwel, who was appointed head of Nile Petroleum Corp. in September 2020, was removed with immediate effect, according to a decree broadcast on state television on Thursday. View the full article
South Sudan is taking steps to take over the operations of international oil companies in the country to increase its share of revenue, even as production declines, according to a government official. View the full article
The South Sudan Oil Licensing Round aims to attract interest from a diverse group of foreign investors to a region that is already home to oil and gas majors from China and Malaysia. View the full article
South Sudan is experiencing a rapid drop in crude output as producing oil blocks have hit peaks and have begun to decline, according to Ministry of Petroleum Undersecretary Awow Daniel Chuang. View the full article
An island region famed for its location at the very tip of South America wants to diversify its economy away from fossil fuels to tap the global clean-energy transition. 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.
