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SBM Offshore announces that it has been awarded contracts for the GranMorgu field development project located in Block 58 in Suriname by the Operator, TotalEnergies EP Suriname B.V., an affiliate of TotalEnergies. View the full article
The Republic of Congo (RoC) is preparing to launch a Gas Master Plan and new Gas Code, all while enticing investment in crude exploration and production. These policies will aim to drive oil and gas projects forward while spearheading sustainable growth. View the full article
(Bloomberg) -- Texas oil and natural gas producer Coterra Energy Inc. has reached agreements with two closely-held companies to buy assets in the Permian Basin for $3.95 billion. The deals expand Coterra’s reach on the fast-growing New Mexico side of the top U.S. shale basin. The sale is expected to close in Q1 2025. View the full article
Viasat, Inc. has shared its ‘State of Industrial IoT in 2024’ report, which finds energy is leading investment in IoT. The oil and gas sector has remained steady in its investment ($3.2m) since 2021, while renewables moves to increase its investment figures ($3.5m). View the full article
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The American Petroleum Institute (API) has released a new policy roadmap for the incoming Trump administration and next Congress to secure American energy leadership and help reduce inflation. View the full article
Elemental Energies and Archer have announced a joint venture agreement delivering integrated plugging and abandonment (P&A) services to global decommissioning projects. The venture will create a focused P&A well engineering team for design and operations across all well types. View the full article
EnerMech has won a multi-million-pound contract to become the preferred provider of Flexible Hose Assembly (FHA) and Small Bore Tubing (SMT) management services for a major E&P organization’s U.K. assets. View the full article
Bourbon announced that it has been awarded a new fully integrated logistics contract by an oil & gas major operator to support its exploration campaign and the drilling of its first well in the waters of southern Namibia. View the full article
The Oil & Gas Decarbonization Charter (OGDC) has published its Baseline Report, setting a foundation to help prioritize and track progress on emissions reductions made by the 54 oil and gas companies — representing almost 45% of the global oil production, that have signed up to the Charter’s ambitions. View the full article
Nostra Terra, an international oil and gas exploration and production company focused on its Pine Mills producing asset in Texas, U.S., has provided a production and operations update. View the full article
Ocean services provider DeepOcean and well management and reservoir specialist EXCEED have entered into a collaboration agreement to supply vessel-based well plug and abandonment (P&A) services to the global decommissioning market. View the full article
Kent, a UAE-headquartered engineering company, has launched its UAE Designers and Drafters Training Program. This initiative is specifically designed to equip young Emirati high school graduates and engineering diploma holders with the skills and knowledge necessary to excel in the energy industry. View the full article
INEOS and Royal Wagenborg have signed a landmark agreement on the delivery of CO2 transportation. This multi-year agreement will see Royal Wagenborg supply a newly built CO₂ carrier dedicated to Project Greensand, led by INEOS with its partners Harbour Energy and Nordsøfonden. View the full article
AGR’s reservoir management and subsurface team were selected by Norwegian E&P company Aker BP to conduct an independent third-party technical peer review of two carbon storage licenses in the Norwegian North Sea. View the full article
Mermaid Subsea Services has successfully completed what is believed to be the largest vessel-based U.K. North Sea decommissioning campaign in history. The project spanned two years and involved the plugging and abandonment (P&A) of 21 wells. View the full article
(Bloomberg) — Nigeria expects a 30% increase in crude and condensate output as authorities strengthen security around the nation’s oil infrastructure and incentives in the sector attract investment, even though the gain could cross its OPEC+ commitment to limit production. View the full article
(Bloomberg) – India's Oil and Natural Gas Corp.’s (ONGC) quarterly profit beat analyst estimates despite a dip in production and weak crude prices. ONGC's net income rose 17% from a year earlier to 119.8 billion rupees ($1.4 billion) in the July-September quarter, according to a stock exchange filing Monday. View the full article
ADNOC Gas plc and its subsidiaries today announced strong earnings for the third quarter of 2024, with net income increasing 11% year-on-year (YoY) to $1.24 billion, beating Bloomberg consensus for the quarter. View the full article
Interoil Exploration and Production ASA has announced that its Colombian subsidiary, Interoil Colombia Exploration and Production (ICEP), has successfully completed a downhole intervention to the Vikingo well. View the full article
Algeria’s National Agency for the Valorization of Hydrocarbon Resources (ALNAFT) showcased six high-potential onshore licensing opportunities and extensive data packages at African Energy Week: Invest in African Energies.
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South Africa’s Minister of Mineral and Petroleum Resources Gwede Mantashe on Thursday reiterated that the country was committed to developing its oil and gas sector, despite external pressures to transition to a greener economy. View the full article
ADNOC Gas announced it expects to acquire ADNOC’s 60% stake in the Ruwais Liquified Natural Gas (LNG) plant in the second half of 2028 at cost. Over 7 mtpa of the project’s total production capacity of 9.6 mtpa has already been committed to international customers. View the full article
Last Mile Production will implement B4ECarbon™ in its West Texas oil and gas operations. A collaborative effort by Blockchain for Energy (B4E) and Enovate Ai, B4ECarbon™ is an emissions management solution to streamline emissions tracking and reduce the environmental impact of operations. View the full article
The Republic of Congo (ROC) is preparing a new Gas Code to incentivize investment across the natural gas value chain. Concurrently, the country is preparing to launch its Gas Master Plan (GMP), serving as a roadmap for investing in the ROC’s gas sector. 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.
