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U.S. shale oil drillers continue to show little sign of responding to high global prices with more production, only now it's not just their focus on rewarding shareholders that's holding them back, but also a preoccupation with soaring costs. View the full article
Ovintiv followed Matador Resources Co. in raising full-year production plans at a time when U.S. drillers have been committing to flat or moderate output growth so they can return more cash to investors and expand portfolios of future drilling sites. View the full article
Diamondback Energy Inc. just gave one of the first shale production forecasts for next year, and it’s holding pat. View the full article
The biggest provider of oil and gas rigs to the U.S. shale patch is pushing a new pricing model as speedier drilling cuts into contractors’ revenue. View the full article
Cabot Oil and Gas Corp. agreed to merge with Cimarex Energy Co., combining two mid-tier shale drillers in an all-stock transaction valued at about $7.4 billion as the U.S. oil and gas sector continues to consolidate. View the full article
Occidental Petroleum Corp. praised OPEC and its allies for managing crude markets out of last year’s historic crash and said the U.S. shale industry is thankful for its efforts. View the full article
Gas flaring satellite data from 2020 reveals that Russia, Iraq, Iran, the United States, Algeria, Venezuela and Nigeria remain the top seven gas flaring countries for nine years running, since the first satellite was launched in 2012. View the full article
A set of reports due to be published in the coming months will show how companies in the UK’s offshore oil and gas industry supply chain can expand to cleaner energies, including carbon capture, usage and storage (CCUS), hydrogen and offshore wind. View the full article
Worley and researchers at Princeton University’s Andlinger Center for Energy and the Environment have identified that a lack of trust between project stakeholders is slowing the pace of infrastructure delivery that is critical to net zero. View the full article
The goal of the partnership is to identify and assess potential opportunities to decarbonize Serica’s offshore assets and other associated electrification opportunities using renewable power and subsea energy storage. View the full article
Sercel and Kappa Offshore Solutions introduced PIKSEL, a compact marine seismic solution specially designed for acquiring seismic data for high-resolution 3D imaging of targeted offshore areas. View the full article
CGG announced that Sercel has won a second major contract to supply land seismic equipment to a leading seismic acquisition contractor for a 3D mega-crew survey in Saudi Arabia. View the full article
Sercel has announced the sale of a 15,000 channel WiNG system to Smart Seismic Solutions (S3), a French seismic and geophysical survey contractor, on Tuesday. View the full article
The crew is operating with an 80,000-channel 508XT land acquisition system, with QuietSeis digital sensors and ten Nomad 90 Neo broadband vibrators in challenging desert terrain. View the full article
CGG announced that Sercel and Low Impact Seismic Sources (LISS) have entered into exclusive negotiations for Sercel’s acquisition of LISS. View the full article
CGG announced the award to Sercel of a major contract to supply land seismic equipment for a 3D mega-crew survey in North Africa. View the full article
CGG announced today that Sercel, its Sensing & Monitoring division, was selected as the successful bidder for the acquisition of ION Geophysical Corporation’s (ION) software business. View the full article
Eco Atlantic plans to spud the Gazania-1 well, 25 km (15 mi) offshore the Northern Cape in South Africa in September. View the full article
Sentinel Subsea was selected by a major client to support the decommissioning of subsea assets in collaboration with Baker Hughes. This project successfully deployed two WellSentinel Coral systems that enable the continuous monitoring of temporary suspended wells in the remote field. View the full article
Senegal’s government set up a commission to examine natural-resource contracts awarded to foreign investors and establish whether they comply with the West African nation’s laws, Prime Minister Ousmane Sonko said. View the full article
This carbon emissions assessment is expected to be the most comprehensive testing of real-time well stimulation operations performed within the industry to date, with independent third-party testing to be performed for each of these technologies during Seneca’s field operations. View the full article
Leading national energy associations have expressed strong backing for the Energy Permitting Reform Act of 2024, introduced by Senate Energy & Natural Resources Chairman Joe Manchin (I-WV) and Ranking Member John Barrasso (R-WY). View the full article
National energy associations strongly support the Energy Permitting Reform Act of 2024, introduced by Senate Energy Chairman Joe Manchin and Ranking Member John Barrasso. View the full article
Wednesday, the Senate approved language calling for Senate negotiators to support the issuance of a new Five Year Program for offshore oil and gas leasing as soon as possible and that the new program should include at least two area-wide lease sales per year. View the full article
Senate Democrats began using a special procedure to undo parts of Donald Trump’s regulatory agenda, starting by rescinding a measure that made it harder for the Environmental Protection Agency to limit leaks of the powerful greenhouse gas methane from oil and gas wells. 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.
