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The Liwan 4-1 well was tested to produce 430,000 cmd of absolute open flow natural gas. The well is located in Baiyun Sag, the largest oil and gas-rich sag in the Pearl River Mouth basin, about 300 km southeast of Shenzhen, with a water depth of nearly 1,640 m. View the full article
Rice University, the University of Exeter, and Uppsala University are some of the academic institutions leveraging STRYDE’s cutting-edge technology to advance a variety of subsurface research initiatives in 2024. View the full article
The first award is a “substantial” contract to design, engineer, and manufacture riser flexible pipe. The second award involves work to design, engineer, and manufacture subsea production systems to be deployed on the Atapu 2, Sepia 2, and Roncador projects. View the full article
The Transocean Spitsbergen rig drilled the well in production license 199 in the Haltenbanken Vest Unit in the Norwegian Sea. Preliminary estimates place the size of the discovery in the range of 2-4 MMcm of recoverable oil equivalent. View the full article
Saipem’s scope of work involves the engineering, procurement, construction and installation of wellhead platforms’ topsides, wellhead platforms’ jackets, tie-in platform jacket and topside, rigid flowlines, submarine composite cables and fiber optic cables. View the full article
The Octiv Auto Frac service combined with the ZEUS electric fracturing platform and the Sensori Fracture Monitoring Service is a fracturing solution that uses intelligent automation to optimize fracture operations and makes the digital frac site a reality. View the full article
Johan Castberg is a large oil field with estimated recoverable volumes of between 450 and 650 MMbbl. The field will produce for 30 years, and at its peak, Johan Castberg may produce 220,000 bpd. View the full article
LOGIX assists with autonomous drilling, streamlines well delivery, can shorten production timelines, and reduces rig time through intelligent automation. View the full article
The main production facilities include a new deepwater jacket platform Haiji-2 and a cylindrical FPSO Haikui-1. A total of 32 development wells are to be commissioned. The project is expected to achieve a peak production of approximately 17,900 bopd in 2026. The oil property is heavy crude. View the full article
SLB and Aramco have signed an agreement with the aim of co-developing, commercializing, and utilizing digital solutions to help mitigate greenhouse gas (GHG) emissions in industrial sectors. These solutions would be integrated within SLB’s digital sustainability platform, building on the collaboration announced in 2022. View the full article
Although the French supermajor hasn’t formally greenlit the $9 billion development of crude discoveries in the Latin American nation, it’s already seeking to lock in two rig leases for future drilling in the area, according to people familiar with the tenders who asked not to be named discussing non-public information. View the full article
The addition of Flex Orbit to the EPIC product portfolio combines the open-architecture benefits of the EPIC Flex system with advanced self-orienting capabilities for precision shot placement at any desired angle or orientation for enhanced well productivity. View the full article
The American Petroleum Institute (API) released a statement from Executive Vice President and Chief Advocacy Officer Amanda Eversole applauding the U.S. House of Representatives for protecting American consumers by passing a resolution to prevent EPA’s light- and medium-duty tailpipe emissions rule from being implemented. View the full article
As global supply chains become more interconnected and volatile, adopting digital solutions are no longer a luxury, they are a necessity. This article examines how digitalization improves supply chain management in the oil and gas industry, highlighting a case study where Fluor was able to effectively track 2 MM materials, prevent disruptions and increase supply chain visibility. 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.
