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Colombia’s President Gustavo Petro is expected to name Edwin Palma as the nation’s new energy minister. Palma, the former head of Colombia’s main oil workers union, will have to pursue Petro’s pledge to reduce the nation's dependence on fossil fuels. View the full article
Equinor ASA has discussed selling stakes in Argentine shale oil assets to its joint venture partner, state-run oil company YPF SA. According to a person familiar with the matter, Equinor, Norway’s biggest oil company, has started a process to value and assess the assets. View the full article
Colombia’s Gustavo Petro is expected to name Edwin Palma as the nation’s new energy minister. Palma, the former head of Colombia’s main oil workers union, will have to pursue Petro’s pledge to reduce the nation's dependence on fossil fuels. View the full article
The African Energy Chamber (AEC) recently met with Equatorial Guinea’s National Council for Economic and Social Development (CNDES) to explore strategic cooperation aimed at maximizing the country’s oil and gas sector development. View the full article
Kongsberg Maritime will supply the design and integrated equipment package for a new walk-to-work offshore service vessel (OSV), to be built by ST Engineering Marine in Singapore for a leading oil & gas company. View the full article
The Association of the Petroleum Industry of Kurdistan (APIKUR) applauds U.S. Secretary of State Marco Rubio’s efforts to restart oil exports from the Kurdistan Region of Iraq, including in a call with Iraqi Prime Minister Mohammed Shia al-Sudani on February 25, 2025. View the full article
The Texas Alliance of Energy Producers and the Independent Petroleum Association of America (IPAA) have both released statements applauding energy leaders in the U.S. House and Senate in eliminating a costly and harmful EPA rule put into place late last year. View the full article
The Senate has voted to repeal a new U.S. fee on methane emissions from oil and gas producers, sending the measure to President Trump for signature. Trump previously criticized the Biden administration's oil and gas regulations as too burdensome on the industry. View the full article
ChampionX has launched a redesign of its LOOKOUT™ optimization services for electrical submersible pumping (ESP) systems. LOOKOUT leverages the full capabilities of ChampionX’s SMARTEN™ XE control system, delivering advanced automation for ESP operations. View the full article
Ghana's government has decided to withdraw a 2020 directive requiring Eni SpA and partner Vitol Holding BV to merge its offshore oil field with a discovery made by neighboring Afina, potentially settling a five-year standoff.
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Energy services provider Expro has secured a contract to supply Tubular Running Services (TRS) as part of a major Carbon Capture and Storage (CCS) project in the Netherlands. View the full article
TWMA* has officially broken ground on its latest facility in Habshan, Abu Dhabi. The milestone marks the beginning of construction for the world’s most advanced, self-sustainable drilling waste management site. View the full article
MODEC has entered into a Front-End Engineering and Design (FEED) contract with SAMSUNG E&A for an offshore carbon capture pilot project, selecting Carbon Clean’s modular CycloneCC technology. View the full article
Vermilion Energy Inc. has closed its previously announced acquisition of Westbrick Energy Ltd. The acquisition adds stable annual production of 50,000 boed (75% gas, 25% liquids) and approximately 770,000 net acres in Alberta's Deep Basin. View the full article
Halliburton and Sekal AS deployed the world’s first automated on-bottom drilling system with the integration of Halliburton’s LOGIX™ automation and remote operations, Sekal’s Drilltronics®, and the rig automation control system. View the full article
American Petroleum Institute (API) President and CEO Mike Sommers addressed the Economic Club of Pittsburgh where he discussed rising electricity demand driven by the AI revolution and detailed policy solutions for the Trump administration and new Congress to power America’s energy future. View the full article
Vermilion Energy Inc. has closed its previously announced acquisition of Westbrick Energy Ltd. The acquisition adds stable annual production of 50,000 boed (75% gas, 25% liquids) and approximately 770,000 net acres in Alberta's Deep Basin. View the full article
In a highly anticipated presentation, bp CEO Murray Auchincloss reversed a plan to shrink oil and gas production and cut investments in low-carbon energy, but also slashed the quarterly share buyback, dimming the appeal to investors. View the full article
U.S. President Donald Trump said he plans to revoke an oil license to operate in Venezuela, citing the country’s failure to take back migrants to the U.S. as quickly as it promised. Under the terms of the license, Chevron would have to exit Venezuela by the end of July. View the full article
Oxford Flow has secured an order valued at nearly $1 million USD for its ES stemless axial flow valves. The order from bp is a significant milestone in Oxford Flow’s expansion in the U.S market, and marks the company's largest order to date. View the full article
TDI-Brooks has effectively and safely carried out a third-party geotechnical coring project for Geohidra. This operation was conducted from the Dragon Field to the Hibiscus platform off the coast of Venezuela and Trinidad, aboard the Dona Jose II (DJII). View the full article
The energy transition will be more difficult, costly, and complicated than expected, according to a new article by from strategists at S&P Global. "The shift in the global energy system will not unfold in a linear or steady manner," S&P Global writes. View the full article
Woodside is preparing to give the go-ahead for its Louisiana LNG project as it looks beyond its core markets in Asia. “Louisiana LNG helps us to secure a material presence in the Atlantic Basin into European consumers," CEO Meg O'Neill said in a Bloomberg TV interview. View the full article
Diamondback Energy Inc. is in talks to form a power joint venture that would solve some of the shale giant’s own needs in the Permian Basin while also selling electricity to artificial intelligence data centers in West Texas. View the full article
bp today reached agreement on all contractual terms with Iraq to invest in several giant oil fields in Kirkuk providing for the rehabilitation and redevelopment of the fields, spanning oil, gas, power and water with potential for investment in exploration. 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.
